Building-Integrated Photovoltaics Market (By Technology: Thin Film, C-Si, Others; By Application: Roofs, Glass, Façade, Walls, Others; By End Use: Industrial, Commercial, Residential) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Energy and Power | Delivery Format : PDF | Status: Published | Pages : 190


According to Acumen Research and Consulting, the global Building-Integrated Photovoltaics market is expected to grow at noteworthy CAGR around 17.8 % throughout the forecast period and reach around US$ 32.5 billion by 2026.

A photovoltaic integrated system (PVI) is an essential element of the construction skin that converts solars into electricity while at the same time protecting the construction structure from climatic as well as from noise. BIPV is today one of the fast-growing sections of the worldwide solar photovoltaic sector.

The report provides analysis of global Building-Integrated Photovoltaics market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Market Dynamics

The development can be ascribed to the increased demand in business facilities for embedded solar energy solutions. As the product is in the development stage of its lifecycle, the market is anticipated to enjoy high development and is likely to maintain high demand owing to superior inclusion and enhanced use of solar power harness technologies.

In addition, there are projections for increased awareness of zero-emission structures by several infrastructure firms in an effort to increase BIPV demand. On the other hand, elevated original cost for the project, together with intermediate nature of solar energy and the impact of shadowing, can decrease the effectiveness and development of the BIPV systems. The market is anticipated to expand owing to the increasing awareness of green structures with the installation of BIPV systems in business facilities.

Government policies and supportive laws from multiple nations to improve BIPV development are helpful. They use policy instruments such as economic incentives and advantages to encourage the country's use of renewable energy. Countries such as America and China have developed special measures to improve BIPV facilities in the respective nation for built integrated photovoltaics.

The prospective capacities for freshly produced modules will be strengthened by technological advances in standard PV modules. In addition, major technological progress and R&D effort will increase demand for the product throughout the projected era to leverage the upcoming module technologies.

Market Drivers

In order to promote energy conservation, the major drivers of constructing embedded photovoltaical market growth are the enormous assistance given to government and its promotion policies. The installation of BIPVs, which is key to enabling it to be absorbed throughout housing, commercial and industrial industries, ensures greater power effectiveness. Governments of prosperous countries offer various financial and economic advantages, and therefore expect important growth possibilities to the BIPV market in order to promote the use of embedded photovoltaics. Moreover, in future years, there are enormous possibilities for the market due to the various uses of BIPV modules and technical advances. Conversely, BIPVs installation requires high initial investment. The technology used relies on the different measurements and construction codes. Lack of expertise and knowledge to guess the same is a chief restraint for the market.

Technology Outlook

Based on module technology, C-Si, thin film and other techniques, consisting of Dye Sensitized Solar Cell (DSSC) and Organic Photovoltaic (OPV) are the building-integrated photovoltaics (BIPV). Due to the use of these modules conventionally in solar energy facilities, the C-Si segment resulted the market for 2018 with a income of USD over 7.5 billion. Due to the growing demand for greater performance embedded modules combined with major innovations in material technology, this segment is likely to have above average development.

Due to better esthetic attraction of the thin film sector, it is anticipated that development will be rapid over the forecast period. The segment will be driven in the next few years by an increased demand for small film modules specific to windows. By comparison, small film modules would be restricted to development by restricted effectiveness compared with C-Si modules.

Application Outlook

Downstream segment represented the largest turnover share of over 60% in 2018 as there was more installation space available for BIPVs. The development over the predicted era is predicted to drive increased demand for such facilities from the housing industries of developed economies, such as the USA, Germany, France and the UK.

Due to a stronger esthetic attraction, the Glass BIPV section is expected to be more than 20 percent the fastest CAGR between 2018 and 2025. In addition, the ease with which solar power systems with glass are installed and integrated will boost demand for façades over the forecast period.

The other segment will probably improve as the demand for facilities for curved surfaces with elevated solar radiation increases. In comparison to the roofs, glass, facades and walls, the curved structural surfaces receive more of the solar light and can use more energy.

End Use Stance

Due to the increasing use of solar facilities to reduce their dependence on non-renewable energy generation sources, the industry has retained its biggest market share of around 40 percent in 2018. Furthermore, an increased awareness of the use of renewable power sources between different sectors could increase demand for BIPV goods in the forecast era.

Due to enhanced attempts by developers to develop their facilities as environmentally friendly, the business sector is expected to grow to a highly CAGR over the forecast era. Moreover, it is anticipated that the esthetic appeal of BIPV facilities will be improved and the consciousness of zero emissions structures will boost development.

Regional Stance

Asia Pacific is anticipated to experience the highest development owing to the existence of favourable laws and standards for the improvement of industrial and commercial renewable power facilities in nations like China, India, Japan and South Korea. In several nations like India and China integrated residential solar facilities are expected to develop owing to the implementation of network metering policies and programs. Moreover, increased awareness about green building construction is anticipated to boost development.

In Germany, France, Belgium and Spain the BIPV industry is anticipated to grow remarkably because of the EU Commission's support directives and laws on the implementation of embedded photovoltaics. Increased Levelized electricity (LCOE) costs for solar facilities and stringent standards for certification and tests should also help promote development through support for infrastructure improvements in the form of an optimal PV systems grid parity. The regional demand for these facilities is likely to drive financial incentives, such as subsidies and fiscal incentives by several European Union (EU) governments.

Market Segmentation

Global Building-Integrated Photovoltaics Market, By Technology

  • Thin Film
  • C-Si
  • Others

Global Building-Integrated Photovoltaics Market, By Application

  • Roofs
  • Glass
  • Façade
  • Walls
  • Others

Global Building-Integrated Photovoltaics Market, By End Use

  • Industrial
  • Commercial
  • Residential

Global Building-Integrated Photovoltaics Market, By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

The market research study on “Building-Integrated Photovoltaics Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Building-Integrated Photovoltaics market segments with market dynamics and their impact. The report also covers basic technology development policies.

Key Players & Strategies

Major players on the market use policies, like new product development, to improve the general effectiveness and geographical presence of BIPV facilities, combined with fusions and acquisitions. Hanergy Holding Group Limited; Belectric; Heliatek GmbH; Dyesol Ltd.; AGC Solar; Ertex solartechnik GmbH; and Canadian Solar Inc. are the key players.

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