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Building Integrated Photovoltaics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

November 2022 | 110 pages | ID: BD6210929DFBEN
IMARC Group

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The global building integrated photovoltaics market size reached US$ 16.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 46.4 Billion by 2027, exhibiting a growth rate (CAGR) of 19.85% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Building-integrated photovoltaics (BIPVs) refer to the solar power generating components that are used in constructing facades, roofs, and skylights in buildings. Generally, these components include the integration of photovoltaic modules, backup power supply system, charge controller, power storage system, and other supporting hardware. BIPV materials offer several benefits over their traditional counterparts as they provide onsite power generation, zero emissions, high energy conservation, superior architectural integration, and optimal shading. In addition to this, BIPVs also help in reducing labor and installation costs by replacing high-end roof membranes, skylight glazing, faзade cladding, etc. Owing to these benefits, building integrated photovoltaic materials are widely installed across commercial, residential, and industrial sectors.

Building Integrated Photovoltaics Market Trends:
The increasing demand for building integrated photovoltaic materials can be attributed to the rising integration of solar energy solutions in commercial infrastructures for architectural optimization and energy conservation. Moreover, growing environmental concerns towards the depleting non-renewable power resources, such as oil, coal, etc., have further bolstered the demand for solar power generation. Additionally, rapid modernization in the construction and building sector along with the increasing focus on clean energy has fueled the demand for green or zero- emission buildings. Furthermore, the growing consumer awareness towards several ecological benefits of BIPV has resulted in the rising adoption of solar energy harnessing systems in the residential sector. Apart from this, implementation of favorable government policies supported by several initiatives for promoting the need for reducing carbon footprints have also catalyzed the demand for building-integrated photovoltaics on a global level. Furthermore, the increasing demand for BIPV components in the developed regions, such as North America and Europe, is primarily driven by the supporting infrastructural developments in the form of optimum grid-parity of photovoltaic solutions supported by several financial incentives offered by regional governments. On the other hand, several emerging economies, such as India, China, Vietnam, etc., are experiencing high product demand due to the reduced solar installation costs and wide availability of BIPV materials across these countries. Moreover, various technological advancements coupled with the increasing penetration of wireless connectivity have led to the introduction of automated BIPV components, thereby bolstering the market growth. Additionally, rising investments in several R&D activities for the superior integration of advanced module technologies are also driving the product demand.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global building integrated photovoltaics market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, application and end use.

Breakup by Product Type:

Polycrystalline
Thin Film
Others

Breakup by Application:

Roof
Facades
Glass
Others

Breakup by End Use:

Commercial
Residential
Industrial

Breakup by Region:

Europe
North America
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Ankara Solar AS, Ertex Solartechnik GmbH, Hanergy Holding Group Ltd., HermansTechniglaz, ISSOL sa, Navitas Green Solutions Pvt. Ltd., NanoPV Solar Inc., Polysolar Ltd., Sphelar Power Corporation, VIASOLIS, etc.

Key Questions Answered in This Report
1. What was the size of the global building integrated photovoltaics market in 2021?
2. What is the expected growth rate of the global building integrated photovoltaics market during 2022-2027?
3. What are the key factors driving the global building integrated photovoltaics market?
4. What has been the impact of COVID-19 on the global building integrated photovoltaics market?
5. What is the breakup of the global building integrated photovoltaics market based on the product type?
6. What is the breakup of the global building integrated photovoltaics market based on the application?
7. What is the breakup of the global building integrated photovoltaics market based on end use?
8. What are the key regions in the global building integrated photovoltaics market?
9. Who are the key players/companies in the global building integrated photovoltaics market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL BUILDING INTEGRATED PHOTOVOLTAICS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6. 1 POLYCRYSTALLINE

  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Thin Film
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Others
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Roof
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Facades
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Glass
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY END USE

8.1 Commercial
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Residential
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Industrial
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 Europe
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 North America
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Asia Pacific
  9.3.2 Market Trends
  9.3.2 Market Forecast
9.4 Middle East and Africa
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Latin America
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE INDICATORS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Ankara Solar AS
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2 Ertex Solartechnik GmbH
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3 Viasolis
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4 Hanergy Holding Group Ltd.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
    14.3.4.4 SWOT Analysis
  14.3.5 HermansTechniglaz
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6 ISSOL sa
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7 Sphelar Power Corporation
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
    14.3.7.4 SWOT Analysis
  14.3.8 Navitas Green Solutions Pvt. Ltd.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9 NanoPV Solar Inc.
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
    14.3.9.4 SWOT Analysis
  14.3.10 Polysolar Ltd.
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Building Integrated Photovoltaics Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Building Integrated Photovoltaics Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Building Integrated Photovoltaics Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Building Integrated Photovoltaics Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 5: Global: Building Integrated Photovoltaics Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Building Integrated Photovoltaics Market: Competitive Structure
Table 7: Global: Building Integrated Photovoltaics Market: Key Players

LIST OF FIGURES

Figure 1: Global: Building Integrated Photovoltaics Market: Major Drivers and Challenges
Figure 2: Global: Building Integrated Photovoltaics Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Building Integrated Photovoltaics Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Building Integrated Photovoltaics Market: Breakup by Application (in %), 2021
Figure 5: Global: Building Integrated Photovoltaics Market: Breakup by End Use (in %), 2021
Figure 6: Global: Building Integrated Photovoltaics Market: Breakup by Region (in %), 2021
Figure 7: Global: Building Integrated Photovoltaics Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Building Integrated Photovoltaics (Polycrystalline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Building Integrated Photovoltaics (Polycrystalline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Building Integrated Photovoltaics (Thin Film) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Building Integrated Photovoltaics (Thin Film) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Building Integrated Photovoltaics (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Building Integrated Photovoltaics (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Building Integrated Photovoltaics (Roof) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Building Integrated Photovoltaics (Roof) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Building Integrated Photovoltaics (Facades) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Building Integrated Photovoltaics (Facades) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Building Integrated Photovoltaics (Glass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Building Integrated Photovoltaics (Glass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Building Integrated Photovoltaics (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Building Integrated Photovoltaics (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Building Integrated Photovoltaics (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Building Integrated Photovoltaics (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Building Integrated Photovoltaics (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Building Integrated Photovoltaics (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Building Integrated Photovoltaics (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Building Integrated Photovoltaics (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Europe: Building Integrated Photovoltaics Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Europe: Building Integrated Photovoltaics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Building Integrated Photovoltaics Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Building Integrated Photovoltaics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia Pacific: Building Integrated Photovoltaics Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia Pacific: Building Integrated Photovoltaics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Middle East and Africa: Building Integrated Photovoltaics Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Middle East and Africa: Building Integrated Photovoltaics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Latin America: Building Integrated Photovoltaics Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Latin America: Building Integrated Photovoltaics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Building Integrated Photovoltaics Industry: SWOT Analysis
Figure 39: Global: Building Integrated Photovoltaics Industry: Value Chain Analysis
Figure 40: Global: Building Integrated Photovoltaics Industry: Porter’s Five Forces Analysis


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