Segmentation - Building Integrated Photovoltaics Market

Global building integrated photovoltaics market is estimated to be valued at USD 28.13 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 17.5% from 2024 to 2031. Building integrated photovoltaics (BIPV) refers to solar cells or modules that are integrated into the structure of a building, such as the roof or façade and can provide clean renewable energy without disrupting the functionality or aesthetics of a structure. It functions as the building material rather than sitting on top of a building. Global building integrated photovoltaics market has witnessed substantial growth due to growing awareness about solar power generation and related technology advancements in terms of efficiency, durability and costs. Rising implementation of net-zero energy building codes across many countries has boosted demand for BIPV products. Increasing investments and supportive regulations and policies promoting renewable resources can drive the market growth.

Market Dynamics:

Global building integrated photovoltaics market growth is driven by growing focus on renewable energy integration, supportive government policies and incentives for solar power adoption. Rapid decline in the prices of solar panels due to economies of scale and technological advancements has made BIPV an attractive investment proposition for residential and commercial sector. Increasing adoption of net-zero energy building codes by many countries can boost demand for BIPV. However, high initial capital costs for BIPV installation and lack of standard product certification procedures can hamper the market growth. Moreover, lack of awareness among end users can also hamper the market growth. Innovation in crystalline silicon and thin-film technology can reduce costs and increase conversion efficiency of BIPV modules. This, coupled with rising environmental consciousness, represents an opportunity for the market players over the forecast period.

Key features of the study:

This report provides in-depth analysis of the global building integrated photovoltaics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global building integrated photovoltaics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Sika AG, Tesla, Inc., Solaria Corporation, SunPower Corporation, First Solar, Inc., JinkoSolar Holding Co., Ltd., Hanwha Q CELLS, BASF SE, Canadian Solar Inc., LG Electronics, Kyocera Corporation, Trina Solar Limited, Sharp Corporation, REC Group, GAF Energy, Onyx Solar, Wacker Chemie AG, SolarWorld Industries, Renesola Ltd., and Ascent Solar Technologies, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global building integrated photovoltaics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global building integrated photovoltaics market

Detailed Segmentation-

By Technology Insights (Revenue, USD Bn, 2019 - 2031)
- Thin-Film Solar Cells
- Crystalline Silicon Solar Cells
- Building-Integrated Photovoltaics (BIPV)
By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Residential Buildings
- Commercial Buildings
- Industrial Buildings
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
  - U.S.
  - Canada
- Latin America
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
- Europe
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
- Middle East
  - GCC Countries
  - Israel
  - Rest of Middle East
- Africa
  - South Africa
  - North Africa
  - Central Africa
Key Players Insights
- Sika AG
- Tesla, Inc.
- Solaria Corporation
- SunPower Corporation
- First Solar, Inc.
- JinkoSolar Holding Co., Ltd.
- Hanwha Q CELLS
- BASF SE
- Canadian Solar Inc.
- LG Electronics
- Kyocera Corporation
- Trina Solar Limited
- Sharp Corporation
- REC Group
- GAF Energy
- Onyx Solar
- Wacker Chemie AG
- SolarWorld Industries
- Renesola Ltd.
- Ascent Solar Technologies, Inc.

Detailed Segmentation-

By Technology Insights (Revenue, USD Bn, 2019 - 2031)
- Thin-Film Solar Cells
- Crystalline Silicon Solar Cells
- Building-Integrated Photovoltaics (BIPV)
By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Residential Buildings
- Commercial Buildings
- Industrial Buildings
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
  - U.S.
  - Canada
- Latin America
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
- Europe
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
- Middle East
  - GCC Countries
  - Israel
  - Rest of Middle East
- Africa
  - South Africa
  - North Africa
  - Central Africa

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