Building Integrated Photovoltaics Market

As per Market Research Future Analysis, the global Building Integrated Photovoltaics (BIPV) market was valued at USD 23.84 billion in 2023 and is projected to reach USD 130.61 billion by 2032, growing at a CAGR of 18.33% from 2024 to 2032. The market is driven by the increasing adoption of renewable energy sources and government initiatives aimed at achieving carbon neutrality. BIPV systems, which integrate solar power generation into building materials, are gaining traction in various sectors including residential, commercial, and industrial applications. The COVID-19 pandemic has impacted the market, but recovery is anticipated as governments push for solar energy installations. Major players are focusing on R&D and strategic partnerships to enhance their market presence.

Scheuten Solar (The Netherlands), Wurth Solar (Germany), Dow Solar (US), Suntench Power (China), Belectric (Germany), Carmanah Technologies Corporation (Canada), Dyesol Ltd. (Australia), Hanergy Holding Group Limited (China), Ertex Solartechnik GmbH (Germany), Canadian Solar Inc. (Canada), Tesla Inc. (US), NanoPV Solar Inc. (US), Solaria Corporation (US), ML System (Poland).

July 2023- the U.S. Department of Energy (DOE), as part of President Biden's Investing in America agenda, in the first week of July has disclosed USD 45 million, including USD18 million from the Bipartisan Infrastructure Law, to back pilot manufacturing of solar components that can contribute to a domestic manufacturing sector capable of meeting the Administration's solar installment goals without relying on imported products. The investment will also back the development of new dual-use solar technologies, such as building-integrated photovoltaics and agrivoltaics, to generate new markets for American products. 

Reviving the U.S. manufacturing sector is vital to President Biden's economic strategy, Bidenomics, and is crucial to attaining a clean energy future that benefits all Americans. The U.S. Secretary of Energy Jennifer M. Granholm stated that President’s Investing in America agenda had caused a rise in solar manufacturing announcements and produced thousands of good paying, union jobs in solar deployment. He added that with these new launches, made-in-America technologies, the Biden-Harris Administration is running the clean energy transition, reducing electricity costs for hardworking Americans, and safeguarding the nation's children's future from the climate crisis's impacts.

July 2023- The U.S.-founded solar tracking, racking, and building-integrated photovoltaics (BIPV) supplier, Arctech, will propose an 11.457-megawatt (MW) SkyLine II solar tracking solution for a project by Nextcom Ltd in Israel. The project signifies Arctech's first solar tracking effort in Israel and indicates a substantial breakthrough in the Middle East market. Israel has been keenly progressing toward renewable energy and has set a detailed aim of attaining 30% renewable energy by 2030. The nation focuses on developing nearly 12 GW of solar plants to fulfill the motive, leveraging its abundant sunshine and solar power as the main renewable energy source.

The rise in demand for building integrated photovoltaic materials can be attributed to the integration of solar energy solutions in commercial infrastructures for architectural optimization and energy conservation. Moreover, growth in environmental concerns toward depleting non-renewable power resources, such as oil and coal, further propel the demand for solar power generation. In addition, rapid modernization in the construction and building sector and an increase in focus on clean energy have led to a rise in demand for green or zero-emission buildings. 

According to the Fraunhofer Institute for Solar Energy Systems, Germany's global annual monocrystalline PV production share was around 80%, the highest among all other technologies. The percentage explicitly reflects the demand for the technology at the global level due to its low prices and technical maturity. Spanish BIPV systems manufacturer Onyx Solar started the construction of a giant BIPV solar facade to refurbish the Sterling Bank headquarters in Lagos, Nigeria. The company will install around 3,250 crystalline solar modules on the building facade.

Building Integrated Photovoltaics Market Dynamic

• Drivers

The growing integration of solar energy solutions in commercial structures for architectural optimization and energy saving can be linked to the increased demand for building integrated photovoltaic materials. Furthermore, rising environmental worries about the depletion of non-renewable energy supplies such as oil, coal, and others have increased competition for solar power generation. Furthermore, a dramatic rise in the design and construction sectors, as well as an increased emphasis on clean energy, have driven demand for green or zero-emission structures.

• Opportunities

Futuristic breakthroughs in mainstream solar and other related technologies are anticipated to increase investor trust in the industry, resulting in increased investment for R&D operations. Technology start-ups are likely to enter the market for developing integrated photovoltaics and use innovative and current technology with proven characteristics. Existing suppliers will continue to update their product portfolios. Thus, over the predicted period, new and efficient solar panels will provide opportunities.

• Restraints

One of the key constraints of the BIPV industry is the falling cost and increasing technology of rooftop solar PV, which is significantly faster than that of BIPV, resulting in the majority of customers preferring rooftop solar over BIPV.

• Challenges

The absence of uniformity in photovoltaic tiles is posing a challenge to the sharp growth in demand for BIPV roof solutions. Because of the slanting roof designs, the roof goods have a great potential in Major nations. Thin-film BIPV and facade applications, on the other hand, are more prevalent in APAC and MEA areas where the roof design is typically flat.

• Building Integrated Photovoltaics Market Outlook - Cumulative Growth Analysis

In recent years, the European Union, the United States, and other developed nations have moved their attention considerably toward net-zero-energy building design or construction (or nearly zero energy building). Furthermore, numerous goals and targets for implementing zero-energy buildings have either been declared or are being considered and suggested at the worldwide level. This, in turn, is projected to provide considerable future possibilities for BIPV technology vendors.

Europe dominated the global market due to the region's clean energy ambitions and the lofty standards established to guarantee that all new buildings utilize very little net energy by 2020, giving rise to the term "nearly zero-energy building" or nZEB.

The crystalline module is the most common solar photovoltaic (PV) technology utilized in the BIPV industry. Aside from that, traditional solar technology based on crystalline silicon accounts for more than 80% of the solar business. As the most developed and commonly used material for BIPV, crystalline silicon is employed in the majority of solar panels used for facades, curtain walls, and rooftops. Crystalline silicon photovoltaic modules are constructed from crystalline silicon produced utilizing microelectronics technologies. Mono-crystalline silicon and polycrystalline silicon are the two kinds of crystalline silicon solar cells utilized in crystalline silicon photovoltaics.

• Building Integrated Photovoltaics Market Growth - Value Chain Analysis

The global market for building integrated photovoltaics market has been divided into product, application, technology, and region segments. The worldwide market is segmented by product into roofing, wall integrated solutions, glass, façade, and others. During the projected period, the roof segment is predicted to have the highest building integrated photovoltaics market share. The glass category, on the other hand, is anticipated to develop at the quickest rate in the worldwide market.

The global market is divided into three applications: industrial buildings, office properties, and housing developments. The industrial buildings sector is expected to expand at the quickest rate during the projected period, owing to the increasing use of solar systems to reduce reliance on non - renewable energy sources for power generation. The worldwide market has been split into crystalline silicon and thin-film technologies based on technology. The crystalline category is projected to account for a higher part of the worldwide market for constructing integrated photovoltaics.

Building Integrated Photovoltaics Market Industry Developments

• Q2 2024: Sunovation launches new transparent BIPV glass for commercial buildings Sunovation announced the launch of its next-generation transparent building-integrated photovoltaic (BIPV) glass, designed for facades and skylights in commercial buildings, aiming to boost energy efficiency and architectural aesthetics.
• Q2 2024: Onyx Solar secures contract for BIPV installation at Paris Charles de Gaulle Airport Onyx Solar won a major contract to supply and install BIPV glass panels for the renovation of Paris Charles de Gaulle Airport, marking one of the largest BIPV deployments in European transportation infrastructure.
• Q3 2024: Tesla announces expansion of Solar Roof production facility in Buffalo, NY Tesla revealed plans to expand its Buffalo, NY Gigafactory to increase production capacity for its Solar Roof BIPV product, responding to rising demand in the North American residential market.
• Q3 2024: AGC Glass Europe partners with Soltech to develop BIPV facade solutions AGC Glass Europe entered a strategic partnership with Soltech to co-develop advanced BIPV facade systems for commercial and public buildings, targeting the European green building sector.
• Q4 2024: ClearVue Technologies receives regulatory approval for BIPV window panels in Germany ClearVue Technologies announced that its transparent BIPV window panels have received regulatory approval for use in German commercial construction, paving the way for broader European market entry.
• Q4 2024: Heliatek opens new BIPV film manufacturing plant in Dresden Heliatek inaugurated a new manufacturing facility in Dresden dedicated to producing flexible BIPV films for integration into building facades and roofs, aiming to scale up production for European markets.
• Q1 2025: Onyx Solar wins contract for BIPV glass installation at Dubai Green Tower Onyx Solar secured a contract to supply and install BIPV glass for the Dubai Green Tower project, a flagship sustainable skyscraper in the Middle East.
• Q1 2025: Solaria raises $80M in Series C funding to expand BIPV product line Solaria completed an $80 million Series C funding round to accelerate development and commercialization of its next-generation BIPV modules for global markets.
• Q2 2025: Ertex Solar launches colored BIPV modules for architectural integration Ertex Solar introduced a new line of colored BIPV modules designed for seamless integration into building facades, offering architects greater design flexibility.
• Q2 2025: Saint-Gobain acquires BIPV startup SolarWindow Technologies Saint-Gobain announced the acquisition of SolarWindow Technologies, a US-based BIPV startup specializing in transparent solar coatings for windows and facades.
• Q2 2025: Romag secures contract for BIPV glass supply to London’s Net Zero Office Park Romag was awarded a contract to supply BIPV glass panels for the Net Zero Office Park development in London, supporting the city’s sustainable building initiatives.
• Q3 2025: Kingspan partners with Hanergy to integrate BIPV into modular building systems Kingspan announced a partnership with Hanergy to incorporate BIPV technology into its modular building systems, targeting commercial and industrial clients seeking energy-efficient solutions.