Building Integrated Photovoltaics Market Growth, Size, Trends, Demand, Share and Future Outlook
Building Integrated Photovoltaics Market Size- By Product Type, By Application, By End User- Regional outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2024 | Report ID: POAE2478 | Pages: 1 - 232 | Formats*: |
| Category : Power & Energy | |||
Building-Integrated Photovoltaics Market Introduction and Overview
According to SPER Market Research, the Global Building-Integrated Photovoltaics Market is estimated to reach USD 42.36 billion by 2033 with a CAGR of 21.41 %.
Building-integrated photovoltaics (BIPV) are photovoltaic materials that are utilized to supplant regular structure materials in pieces of the structure envelope like the rooftop, lookout windows, or façades. They are progressively being integrated into the development of new structures as a head or subordinate wellspring of electrical power, albeit existing structures might be retrofitted with comparable innovation. The upside of coordinated photovoltaics over more normal non-incorporated frameworks is that the underlying expense can be balanced by lessening the sum spent on building materials and work that would ordinarily be utilized to develop the piece of the structure that the BIPV modules supplant. Also, BIPV takes into account more far-reaching sunlight-based reception while the structure's feel matter and conventional rack-mounted sun-powered chargers upset the expected look of the structure.
- July 2023; the U.S. Division of Energy (DOE), as a feature of President Biden's Putting Resources into America plan, in the principal seven-day stretch of July has uncovered USD 45 million, including USD18 million from the Bipartisan Foundation Regulation, to back guide assembling of sun-based parts that can add to a homegrown assembling area fit for meeting the Organization's sun powered portion objectives without depending on imported items. The speculation will likewise back the improvement of newly utilized sun-powered innovations, such as, building-coordinated photovoltaics and agrivoltaics, to create new business sectors for American items.
Market Opportunities and Challenges
Opportunities- Innovation in the BIPV area is constantly developing to build the effectiveness and feel of photovoltaic materials. Such as, the advancement of meagre film photovoltaics, which are lighter and more adaptable than conventional silicon boards, is creating additional opportunities for BIPV applications. Likewise, progress in sun-powered cell configuration has prompted the advancement of hued and cloudy sunlight-based chargers, in this way empowering draftsmen to integrate sun-oriented innovation into building plans without compromising the style. Moreover, there is a continuous examination to further develop the energy transformation proficiency of photovoltaic materials, which is projected to upgrade the result of BIPV frameworks, in this manner offering an ideal structure coordinated photovoltaics market viewpoint.
Challenges- The global Building-Integrated Photovoltaics (BIPV) market is the high initial cost of BIPV systems, which often deters potential investors and property developers despite long-term savings on energy costs. Additionally, the integration of solar technology into building materials presents technical complexities and requires careful design and engineering to ensure efficiency and aesthetic appeal. Variability in regulatory standards and incentives across different regions can create inconsistencies and obstacles to market expansion, complicating compliance and standardization efforts. The market also contends with the limited availability of skilled professionals for installation and maintenance, which can affect the quality and reliability of BIPV systems. Furthermore, the sector faces competition from traditional solar panel systems and alternative energy sources, which can impact market share and growth.
Market Competitive Landscape
The Global Building-Integrated Photovoltaics Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Ankara Solar AS, Ertex Solartechnik GmbH, Hanergy Holding Group Ltd., Hermans Techniglaz, ISSOL sa, NanoPV Solar Inc., Navitas Green Solutions Pvt. Ltd., Polysolar Ltd., Sphelar Power Corporation and Viasolis.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Application, By End-Use |
| Regions covered | Europe, North America, Asia Pacific, Middle East, Africa and Latin America. |
| Companies Covered | Ankara Solar AS, Ertex Solartechnik GmbH, Hanergy Holding Group Ltd., Hermans Techniglaz, ISSOL sa, NanoPV Solar Inc., Navitas Green Solutions Pvt. Ltd., Polysolar Ltd., Sphelar Power Corporation and Viasolis. |
COVID-19 Impact on Global Building-Integrated Photovoltaics Market
The structure-coordinated photovoltaics market is supposed to decrease in 2020, for the most part, due to the effect of Coronavirus. Legislatures of a few significant economies have implemented lockdowns to check the spread of Coronavirus. With the lockdown setup, producing exercises have been impacted essentially. Such as, in January 2020, the Chinese government declared a lockdown of over 30 days to handle Coronavirus. As most of the PV modules are made in China, the creation and store network has endured a critical shot. Such as, India imports ~80% of its sunlight-based esteem chain supplies from China. The lockdown definitely impacted the assembling limit of China as all significant boat holder organizations had additionally quit working out of Chinese ports and moving products from China to different nations.
Key Target Audience:
- Architects and Designers
- Building Owners and Developers
- Construction Companies
- Real Estate Developers
- Government Agencies and Regulators
- Facility Managers
Our in-depth analysis of the Building-Integrated Photovoltaics Market includes the following segments:
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| By Application: |
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| By End-Use: |
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Key Topics Covered in the Report:
- Global Building-Integrated Photovoltaics Market Size (FY’2024-FY’2033)
- Overview of Global Building-Integrated Photovoltaics Market
- Segmentation of Global Building-Integrated Photovoltaics Market by Product Type (Polycrystalline, Thin Film, Others)
- Segmentation of Global Building-Integrated Photovoltaics Market by Application (Roof, Facades, Glass, Others)
- Segmentation of Global Building-Integrated Photovoltaics Market by End-Use (Commercial, Residential, Industrial)
- Statistical Snap of Global Building-Integrated Photovoltaics Market
- Expansion Analysis of Global Building-Integrated Photovoltaics Market
- Problems and Obstacles in Global Building-Integrated Photovoltaics Market
- Competitive Landscape in the Global Building-Integrated Photovoltaics Market
- Impact of COVID-19 and Demonetization on Global Building-Integrated Photovoltaics Market
- Details on Current Investment in Global Building-Integrated Photovoltaics Market
- Competitive Analysis of Global Building-Integrated Photovoltaics Market
- Prominent Players in the Global Building-Integrated Photovoltaics Market
- SWOT Analysis of Global Building-Integrated Photovoltaics Market
- Global Building-Integrated Photovoltaics Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Building-Integrated Photovoltaics Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Building-Integrated Photovoltaics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Building-Integrated Photovoltaics Market
7. Global Building-Integrated Photovoltaics Market, By Product Type (USD Million) 2020-2033
7.1. Global Building-Integrated Photovoltaics Market Size, Share and Forecast, By Product Type, 2020-20267.2. Global Building-Integrated Photovoltaics Market Size, Share and Forecast, By Product Type, 2027-20337.3. Polycrystalline7.4. Thin Film7.5. Others
8. Global Building-Integrated Photovoltaics Market, By Application (USD Million) 2020-2033
8.1. Global Building-Integrated Photovoltaics Market Size, Share and Forecast, By Application, 2020-20268.2. Global Building-Integrated Photovoltaics Market Size, Share and Forecast, By Application, 2027-20338.3. Roof8.4. Facades8.5. Glass8.6. Others
9. Global Building-Integrated Photovoltaics Market, By End-Use (USD Million) 2020-2033
9.1. Global Building-Integrated Photovoltaics Market Size, Share and Forecast, By End-Use, 2020-20269.2. Global Building-Integrated Photovoltaics Market Size, Share and Forecast, By End-Use, 2027-20339.3. Commercial9.4. Residential9.5. Industrial
10. Global Building-Integrated Photovoltaics Market Forecast, 2020-2033 (USD Million)
10.1. Global Building-Integrated Photovoltaics Market Size and Market Share
11. Global Building-Integrated Photovoltaics Market, By Region, 2020-2033 (USD Million)
11.1. Global Building-Integrated Photovoltaics Market Size and Market Share By Region (2020-2026)11.2. Global Building-Integrated Photovoltaics Market Size and Market Share By Region (2027-2033)11.3. Asia-Pacific
11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe
11.5. Middle East and Africa
11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. Rest of Middle-East and Africa
11.6. North America
11.6.1. Canada11.6.2. Mexico11.6.3. United States
11.7. Latin America
11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. Ankara Solar AS
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Ertex Solartechnik GmbH
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Hanergy Holding Group Ltd.
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Hermans Techniglaz
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. ISSOL sa
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. NanoPV Solar Inc.
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Navitas Green Solutions Pvt. Ltd.
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. Polysolar Ltd.
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Sphelar Power Corporation
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Viasolis
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Building-Integrated Photovoltaics Market is projected to reach USD 42.36 billion by 2033, growing at a CAGR of 21.41% during the forecast period.
Building-Integrated Photovoltaics Market grew in Market size from 2024. The Market is expected to reach USD 42.36 billion by 2033, at a CAGR of 21.41% during the forecast period.
Building-Integrated Photovoltaics Market CAGR of 21.41% during the forecast period.
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Building-Integrated Photovoltaics Market size is USD 42.36 billion from 2024 to 2033.
Building-Integrated Photovoltaics Market is covered By Product Type, By Application, By End-Use.
The North America is anticipated to have the highest Market share in the Building-Integrated Photovoltaics Market.
The key players in the Market include Companies Covered Ankara Solar AS, Ertex Solartechnik GmbH, Hanergy Holding Group Ltd., Hermans Techniglaz, ISSOL sa, NanoPV Solar Inc., Navitas Green Solutions Pvt. Ltd., Polysolar Ltd., Sphelar Power Corporation, and Viasolis.
Building-integrated photovoltaics (BIPV) are photovoltaic materials that are utilized to supplant regular structure materials in pieces of the structure envelope like the rooftop, lookout windows, or façades.
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