Press release
Building Integrated Photovoltaic Market Growth Driven by Advanced Crystalline Silicon and Thin Film Technologies Across Residential and Commercial Applications
Building Integrated Photovoltaic Market
The Building Integrated Photovoltaic Market is estimated to reach over USD 37.9 billion by 2031, exhibiting a CAGR of 16.4% during the forecast period.
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Building-Integrated Photovoltaics (BIPV) refer to photovoltaic systems that are seamlessly incorporated into the architectural elements of a structure, such as facades, roofs, and windows. Unlike conventional solar panels, which are typically mounted externally on rooftops or within solar farms, BIPV systems serve a dual purpose by functioning as both energy-generating systems and structural or aesthetic components of the building. This integration offers a visually appealing solution that can be customized to complement the architectural design, effectively replacing traditional building materials like glass, roofing, or cladding.
BIPV systems present several advantages over traditional solar technologies, particularly in urban environments where space constraints limit the use of ground-mounted panels. By utilizing existing surfaces, these systems optimize spatial efficiency and support the generation of electricity at the point of use, thereby reducing transmission losses and enhancing overall energy efficiency. Additionally, BIPV installations can contribute to lowering construction costs, reducing energy expenditures, and creating potential revenue streams through the sale of surplus electricity.
In France, the government supports the adoption of BIPV systems by offering the highest feed-in tariffs (FiTs) for electricity generated through building-integrated photovoltaic components. A substantial share of the country's total installed solar capacity is derived from systems embedded in building envelopes. To further promote BIPV adoption, the French government provides generous subsidies and incentives for integrated solar installations.
Technological advancements are opening new opportunities in the BIPV market, enabling more efficient, aesthetically integrated, and cost-effective solar energy solutions. Innovations in photovoltaic materials-such as thin-film and organic photovoltaics-have resulted in lighter, more flexible panels that can be easily incorporated into diverse building materials, including roofing tiles and glass facades. These developments are expected to broaden the applicability of BIPV systems and support their widespread adoption across the construction and energy sectors.
List of Prominent Players in the Building Integrated Photovoltaic Market:
• Sharp Corporation
• Trinasolar
• Waaree Energies Ltd.
• Longi
• Canadian Solar Inc
• AGC Inc.
• Ja Solar Technology Co., Ltd.
• Wuxi Suntech Power Co., Ltd
• Jinkosolar
• Talesun Solar Co., Ltd.
• Kaneka Corporation
• Risen Energy Co., Ltd.
• Chint New Energy Technology Co., Ltd.
• Changzhou Almaden Co., Ltd.
• Solitek.
• Heliatek
• Solarscape Enterprises Llp
• Polysolar Ltd
• Baoding Jiasheng Photovoltaic Technology Co., Ltd.
• Metsolar
• Sphelar Power Corporation
• Novergy Energy Solutions Pvt. Ltd.
• Auxin Solar Inc.
• Avancis Gmbh
• Ertex Solar
• Merck KGaA
• CertainTeed, LLC. (Compagnie de Saint-Gobain SA)
• Tesla
• Hanergy Thin Film Power Group
• Kyocera Corp.
• Onyx Solar Group LLC.
• Suntegra
• Scheuten Solar
• Wurth Solar
• Dow Solar
• Suntech Power
• Belectric
• Carmanah Technologies Corporation
• Dyesol Ltd.
• Hanergy Holding Group Limited
• Ertex Solartechnik GmbH
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Market Dynamics
Drivers:
Governmental support in the form of tax credits, rebates, and feed-in tariffs continues to play a pivotal role in promoting the adoption of Building-Integrated Photovoltaics (BIPV) systems. These policies enable building owners to offset their electricity consumption with energy generated on-site, resulting in reduced utility costs. The growing urgency to address climate change and minimize greenhouse gas emissions has further accelerated the demand for renewable energy solutions such as solar power. In parallel, advancements in solar cell technology have significantly improved the efficiency and cost-effectiveness of BIPV systems. Additionally, the enhanced aesthetic integration of BIPV solutions with modern architectural designs has made them increasingly appealing. Rising public awareness regarding the environmental and economic advantages of solar energy is also contributing to market growth.
Challenges:
The integration of BIPV systems with existing building structures presents technical complexities, often requiring compatibility with diverse construction materials and architectural designs. Installation of BIPV systems is generally more intricate than that of conventional rooftop solar panels, necessitating specialized knowledge and technical expertise. Furthermore, maintenance and repair processes can be more complicated, as they may involve accessing integrated components located within the building envelope or on exterior surfaces.
Regional Trends:
Europe currently holds the largest share of the BIPV market, driven by stringent environmental regulations and robust government incentives that support the adoption of renewable energy technologies. Several European nations have embedded BIPV requirements into their building codes, facilitating broader integration by architects and developers. Meanwhile, the Asia-Pacific region is witnessing rapid expansion, particularly in markets such as China, India, and Japan. These countries are actively promoting BIPV through financial incentives and policy support, leading to a surge in large-scale projects, especially across commercial and industrial sectors.
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Recent Developments:
• In July 2024, JinkoSolar partnered together to create a joint venture in Saudi Arabia with RELC and Vision Industries. With a $1 billion investment, this project will construct a production plant for high-efficiency solar cells and modules. The project, which will combine JinkoSolar's cutting-edge technology with local know-how, is expected to generate 10 GW of solar cells and modules annually and enhance Saudi Arabia's efforts towards renewable energy and global competitiveness.
• In October 2023, Solar Frontier and LONGi declared a technical strategic alliance to grow the BIPV market in Japan.
• In March 2022, Canadian started the manufacturing of the HiKu6 series' CS6R-MS module, which contains 182 mm cells. It can generate up to 420 watts of power and is used for rooftop applications in residential, commercial, and industrial settings. Its efficiency of 21.5% surpasses that of any other PERC module of its sort available on the market. It comes in a variety of styles and is both lightweight and small. It has a twenty-five-year warranty for domestic usage and is certified for high dependability per IEC 63126:2020. It works with the majority of PV inverters. In the near future, Canadian Solar intends to release an even more efficient CS6R module that uses HJT cells. This will contribute to a global decrease in the levelized cost of energy for solar systems and an increase in energy production.
Segmentation of Building Integrated Photovoltaic Market.
Global Building Integrated Photovoltaic Market- By Application
• Insect Pest Control
• Weed Management
• Disease Management
• Resistance Management
Global Building Integrated Photovoltaic Market - By Technology
• Crystalline silicon
o Monocrystalline
o Polycrystalline
• Thin film
o Thin Film A-SI PV Panel
o Thin Film CDTE PV Panel
o Thin Film CIGS PV panel
o Concentrated PV panels
Global Building Integrated Photovoltaic Market - By Application
• Roofing
• Tiles
• Shingles
• Skylights
• Laminates
• Metal Seam
• Facades
• Windows
• Curtain Walls
• Awnings
• Other Facades
• Externally Integrated Systems (EIS)
Global Building Integrated Photovoltaic Market - By End-user
• Residential
• Commercial
• Industrial
Global Building Integrated Photovoltaic Market - By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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