Building Integrated Photovoltaics Market Size, Share and Global Trend By Module Type (Monocrystalline, Polycrystalline, Thin Film, Others), By Application (Roof Top, Curtain Wall, Glass, Others), By End User (Residential, Commercial, Industrial) and Regional Forecast, 2024-2032

In recent years, the use of renewable energy resources has been rapidly gaining traction in different parts of the world. Additionally, the increasing global population has created a platform for the growth of both the energy sector and the construction industry. Solar photovoltaics is among the key sources of generating renewable energy.

Building-integrated photovoltaics are also a type of solar PV modules used in the building’s exteriors such as rooftops, windows and curtain walls. Building-integrated photovoltaics help in maintaining the economy as well as the appearance of the building. The building-integrated photovoltaics are used as replacements for the conventional building materials in both commercials as well as residential constructions.

The building-integrated photovoltaics can be classified on the basis of module type, application, and end-use. By module type, building-integrated photovoltaics are divided as monocrystalline, polycrystalline, thin-film and others. The monocrystalline building-integrated photovoltaics have higher module efficiency compared to the polycrystalline photovoltaics. Building-integrated photovoltaics are used in industrial, commercial as well as residential buildings. Wherein, they are used for rooftop, curtail wall, glass, and facade among other applications.

Increasing awareness and incentives for the use of renewable energy sources have been the key factors to attract the attention of people towards building-integrated photovoltaics. Building-integrated photovoltaics not only maintain but also improve the exterior appearance of the building. The building-integrated photovoltaics generate power which can be used to meet the energy requirement of the building. Owing to which the building-integrated photovoltaics market is expected to witness a boom in the near future.

However, the capital requirement for the installation of building-integrated PV modules is higher as compared to the traditional PV modules which are expected to retard the growth of building-integrated photovoltaics.

Key Players Covered

Some of the key players in the building-integrated photovoltaics market are Onyx Solar Group LLC, Polysolar Ltd, ViaSolis, Solaria Corporation, Tesla Inc., Topsun Energy Limited, HHV Solar Technologies, United Microelectronics Corporation, BIPV Limited, Waaree Engineering, Kenotomi, ISSOL SA, Energia EMS, Rayners, Spark International, Novergy Energy Solutions Pvt Ltd, Bisol Group, d.o.o., Hangzhou Boyang Solar Technology Co., Ltd, RITEK Co. Ltd, S-Energy Co. Ltd, and TS Solar GmbH.

SEGMENTATION

Regional Analysis

The global building integrated photovoltaics market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The growth of the construction industry in the U.S. owing to the increasing commercial spaces is expected to boost the building-integrated photovoltaics market in the North America region. The increasing population in the Asia Pacific region is expected to increase the growth rate of the construction industry at a significant rate. Wherein India and China hold a lion’s share in the global population and rapidly growing construction industry. Owing to which the building-integrated photovoltaics market is expected to gain traction in the region. The Middle East and Africa region are expected to witness steady growth in the commercial buildings owing to the increasing tourism in the region. The growth of the construction industry in the Middle East and Africa region are expected to drive the building-integrated photovoltaics market in coming years.

Key Industry Developments

• In June 2019, a German company TS Solar GmbH claimed that its thin-film cadmium-tellurium PV modules have achieved the efficiency of the crystalline modules


• In June 2019, a building-integrated photovoltaics manufacturer midsummer installed its first integrated solar cell roof in Sweden. Midsummer offers equipment for manufacturing of thin-film solar cells.


• In June 2019, ICC Evaluation service issued a certification to Tesla Inc. for the solar roof system which is composed of electrically active BIPV and nonBIPV roof tiles.