The Building-integrated Photovoltaics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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As per The Business Research Company’s insightful report on the Building-integrated Photovoltaics (BIPV) Global Market for 2024, the BIPV market has undergone remarkable growth, reaching $16.65 billion in 2024 and projected to ascend to $20.81 billion in 2024, manifesting a substantial Compound Annual Growth Rate (CAGR) of 25.0%. This surge in the historical context can be ascribed to heightened environmental consciousness, escalating demand for sustainable building solutions, stringent building energy codes, and the advent of green building certifications. Urbanization, imperative for space-efficient renewable energy generation, coupled with energy price volatility and amplified investments in BIPV research and development, further fueled this expansion.
Anticipating an extraordinary trajectory, the BIPV market is poised to burgeon to $48.44 billion by 2028, exhibiting a noteworthy CAGR of 23.5%. This growth in the forecast period is underpinned by the amplification of electricity prices and a conscientious focus on grid resilience. Beyond traditional rooftops, BIPV applications are expanding, responding to a burgeoning demand for visually appealing and customizable solutions. Support from architectural and construction industries, combined with mounting environmental concerns, propels this growth trajectory. The forecast period introduces significant trends, such as the integration of BIPV into smart building and IoT systems, continual advancements in solar technology, collaborative partnerships between solar manufacturers, architects, and construction firms, the ascendancy of net-zero energy and carbon-neutral building paradigms, and groundbreaking innovations in BIPV materials and designs. This transformative journey positions BIPV at the forefront of sustainable and aesthetically conscious energy solutions, marking an era of paradigmatic shifts in the global energy landscape.
The increasing demand for zero-energy buildings is expected to fuel the growth of the building-integrated photovoltaics market going forward. Zero-energy buildings combine energy efficiency and renewable energy generation to consume only the amount of energy that can be produced onsite using renewable resources over a certain period of time. The global concern regarding the carbon emissions from buildings and buildings construction is the rising demand for zero-energy buildings. Building-integrated photovoltaics materials provide a reasonable option for building skins and help in achieving zero energy levels in buildings. For instance, in November 2022, according to United Nations Environment Programme, investments in building energy efficiency rose by 16% to reach USD 237 billion, but the expansion of floor space outstripped the progress in energy efficiency measures globally. The sector’s 2021 operational energy-related CO2emissions were up 5 per cent over 2020 and 2 per cent over the pre-pandemic peak in 2019. Therefore, the growing demand for zero-energy buildings will contribute to the growth of the building-integrated photovoltaics market.
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The building-integrated photovoltaics market covered in this report is segmented –
1) By Product Type: Polyscrystaline, Thin-Film, Other Product Types
2) By Application: Roof, Facade, Glass, Other Applications
3) By End-User: Residential, Commercial, Industrial
Top 5 Major Players:
The favourable government initiatives to support the adoption of solar energy panel is promoting the growth of the building-integrated photovoltaics system market. Governments around the world are introducing initiatives and investments to support the clean energy transition and reduce the dependency on non-renewable energy sources, including coal and petroleum. Building-integrated photovoltaics systems are integrated into a building during construction and help to capture solar energy and convert it into electricity. For instance, in May 2021, The US Department of Energy (DOE) announced a slew of new initiatives, including $15.5 million in new funding, to assist underrepresented communities in adopting solar energy and developing a diverse and capable workforce. Hence, the supportive government initiatives to adopt solar panels will contribute to the growth of the building-integrated photovoltaics system market going forward.
The building-integrated photovoltaics market report table of contents includes:
1. Executive Summary
2. Building-integrated Photovoltaics Market Characteristics
3. Building-integrated Photovoltaics Market Trends And Strategies
4. Building-integrated Photovoltaics Market – Macro Economic Scenario
5. Global Building-integrated Photovoltaics Market Size and Growth
……
31. Global Building-integrated Photovoltaics Market Competitive Benchmarking
32. Global Building-integrated Photovoltaics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Building-integrated Photovoltaics Market
34. Building-integrated Photovoltaics Market Future Outlook and Potential Analysis
35. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Building Thermal Insulation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Building Thermal Insulation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Building Thermal Insulation Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Johns Manville Financial Performance
Table 75: Saint-Gobain S.A. Financial Performance
Table 76: Baden Aniline and Soda Factory Financial Performance
Table 77: Kingspan Group PLC Financial Performance
Table 78: Owens Corning Financial Performance
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