Building Integrated Photovoltaic (BIPV) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Technology (Crystalline Silicon, Thin Film, and Others), By Application (Roofs, Walls, Glass, Façade, and Others), By End-Use (Residential, Commercial, and Industrial), By Region, Competition 2018-2028
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Oil and Gas | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationBuilding Integrated Photovoltaic (BIPV) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Technology (Crystalline Silicon, Thin Film, and Others), By Application (Roofs, Walls, Glass, Façade, and Others), By End-Use (Residential, Commercial, and Industrial), By Region, Competition 2018-2028
Global Building Integrated Photovoltaic (BIPV) Market
Building-integrated photovoltaics are also a type of solar PV modules used in the building’s exteriors such as rooftops, windows and curtain walls. Building-integrated photovoltaics help in maintaining the economy as well as the appearance of the building. The building-integrated photovoltaics are used as replacements for the conventional building materials in both commercials as well as residential constructions.
Key Market Drivers
The global Building Integrated Photovoltaic (BIPV) market is a critical sector that plays a The rapid expansion of the solar photovoltaic (PV) installation capacities of different countries, coupled with increasing demand for renewable energy sources, is expected to drive the growth of solar panel market across the world. Increased awareness for energy security and self-sufficiency and favorable government legislations, coupled with the unilateral obligation of countries such as Germany, Italy, France, the UK, the U.S., China, Japan, and India to the Kyoto Protocol, designated to reduce greenhouse gas (GHG) emissions, are also expected to promote the growth of the market in the coming years.
The government of France offers the highest FiTs for electricity generated through photovoltaic components, which are essentially integrated into buildings. Capacity generated by photovoltaics integrated into building envelopes accounts for a substantial share of the overall accumulated, installed capacity generated by photovoltaics in the country. The country offers high subsidies and benefits pertaining to the use of building integrated photovoltaics in a bid to encourage such installations in the country.
Key Market Challenges
One of the foremost challenges in the Building Integrated Photovoltaic (BIPV) market is The global Building Integrated Photovoltaic (BIPV) market is at the forefront of renewable energy innovation, offering a sustainable solution for clean electricity generation while seamlessly integrating with building designs. However, like any rapidly evolving industry, the BIPV market faces several challenges that must be addressed to ensure its continued growth and effectiveness in contributing to sustainable building practices. In this comprehensive analysis, we will explore the key challenges confronting the BIPV market and the strategies being employed to overcome them.
Technological Efficiency and Performance
The efficiency and performance of BIPV systems must match or exceed that of traditional solar panels. Achieving high conversion efficiency while maintaining architectural integration and design can be technically challenging.
Durability and Longevity
BIPV systems must demonstrate durability and longevity to provide a reliable and long-term source of clean energy. Exposure to the elements, including UV radiation, rain, and temperature fluctuations, can affect the performance and lifespan of BIPV components.
Key Market Trends
Technological Advancements in BIPV Modules
The global Building Integrated Photovoltaic (BIPV) market is experiencing a transformative evolution driven by technological advancements, environmental consciousness, and the increasing demand for sustainable building solutions. BIPV systems have emerged as a key player in the renewable energy landscape, offering a seamless integration of solar energy generation into building structures. In this comprehensive analysis, we will explore the prominent trends shaping the global BIPV market and their profound impact on sustainable building practices. The rapid progress in solar PV technology has led to the development of advanced BIPV modules with improved energy conversion efficiency. High-efficiency solar cells, such as PERC (Passivated Emitter Rear Cell) and bifacial solar cells, are being integrated into BIPV products, allowing for higher energy yields from limited surface areas. Moreover, transparent solar panels and solar glass are becoming increasingly popular, enabling architects to incorporate solar elements into windows, facades, and roofing materials without sacrificing natural light or aesthetics. Enhanced BIPV module technology is instrumental in boosting the overall performance of BIPV systems. It enables buildings to generate more clean energy while maintaining architectural aesthetics. As a result, BIPV systems are more attractive to designers and developers seeking sustainable solutions.
Solar Energy Harvesting from Multiple Building Elements
BIPV is expanding beyond traditional solar panels to encompass multiple building elements, including windows, facades, roofing, and shading systems.
Segmental Insights
Technology Insights
Crystalline silicon segment led the market and accounted for 70% of the global revenue share in 2022. Crystalline silicon cells can be integrated into building roofs by using smart mounting systems, which replace the sections of the roof while keeping its integrity intact. This type of integration does not account for large investments and provides high efficiency. Another option of integration is the replacement of roof tiles with crystalline silicon cells. In addition, the market witnesses the use of anti-reflective coatings, which aid the capture of solar energy and provide superior efficiency. Crystalline silicon has the highest energy conversion efficiency at present; commercial modules typically convert 13%–21% of the incident sunlight into electricity.
Application Insight
Others application segment include shading and membranes. The demand for such products is high in residential installations due to the development of lightweight materials for use in uneven surfaces. The installations do not generally use crystalline silicon photovoltaic module, as the structure is incapable of supporting heavy weight.
Regional Insights
The Europe region has established itself as the leader in the Global Building Integrated Photovoltaic (BIPV) Market with a significant revenue share in 2022
Recent Developments
- In June 2019, a German company TS Solar GmbHclaimed that its thin-film cadmium-tellurium PV modules have achieved theefficiency of the crystalline modules.
- In June 2019, a building-integratedphotovoltaics manufacturer midsummer installed its first integrated solar cellroof in Sweden. Midsummer offers equipment for manufacturing of thin-film solarcells.
- In June 2019, ICC Evaluation service issued acertification to Tesla Inc. for the solar roof system which is composed ofelectrically active BIPV and nonBIPV roof tiles.
Key Market Players
- First Solar, Inc
- Solaria Corporation
- SunPower Corporation
- Hanergy Thin Film Power Group
- Trina Solar
- Onyx Solar
- Dow Solar
- Tesla, Inc.
- Canadian Solar
- Sungrow Power Supply Co., Ltd.
Report Scope
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