Global Building Integrated Photovoltaics (BIPV) Glass Market – Industry Trends and Forecast to 2030

Global Building Integrated Photovoltaics (BIPV) Glass Market, By Product (Standard, Coloured), Technology (Crystalline, Thin Film, Mounting Systems), Module type (Monocrystalline, Polycrystalline, Thin Film, Others),  Raw Material (Crystalline Silicon, Amorphous Silicon, Organic photo Voltaic Cell, Dye-Sensitized Solar Cells, Cadmium Telluride, Copper Indium Gallium Selenide, Others), Appearance (Interior, Exterior), Glazing Type (Single Module, Double Module), Applications (Atriums, Canopies, Facades, Skylight or Solar Glazing, Others), End Users (Residential Buildings, Commercial Buildings, Institutional Buildings, Infrastructural Buildings) – Industry Trends and Forecast to 2030.

Building Integrated Photovoltaics (BIPV) Glass Market Analysis and Size

The increasing demand for building integrated photovoltaic (BIPV) materials such as glass because of the growing integration of solar energy solutions in commercial infrastructures for energy conservation and architectural optimization positively influences market growth. As per the report by the United States Department of Energy projection, the building-integrated photovoltaic system can provide up to 50 percent of electric power supplies in the United States. The demand for building integrated photovoltaic glass constantly rises yearly due to a permanent drop in price for photovoltaic modules. Therefore the growing demand for these glasses with no environmental harm is expected to surge the market growth in coming years.

Data Bridge Market Research analyses that the building integrated photovoltaics (BIPV) glass market is expected to reach USD 25,719.85 million by 2030, which was USD 17,145.2 million in 2022, registering a CAGR of 5.20% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.  

Building Integrated Photovoltaics (BIPV) Glass Market Scope and Segmentation

Market Definition

Building-integrated photovoltaics is a solar power-generating module used to construct buildings' skylights, glass, facades, and roofs. Generally, these modules comprise the integration of backup photovoltaic modules, charge controllers, power supply systems, power storage systems, and other supporting hardware. Building-integrated photovoltaics (BIPVs) glass offers various benefits over its traditional counterparts because they offer high energy conservation, power generation, onsite zero emissions, optimal shading, and superior architectural integration.

Building Integrated Photovoltaics (BIPV) Glass Market Dynamics

Drivers

• Rising demand for zero-energy buildings

The growing demand for zero-energy buildings is anticipated to propel the growth of the integrated photovoltaics (BIPV) glass market going forward. Zero-energy buildings combine renewable energy generation to consume only the energy that can be formed onsite using renewable resources over a certain period. The concern regarding carbon emissions from buildings construction is the increasing demand for zero-energy buildings. Building integrated photovoltaics (BIPV) glass provides a reasonable option for buildings and helps achieve zero energy levels in buildings. Therefore, the growing demand for zero-energy buildings will contribute to the growth of the building-integrated photovoltaics (BIPV) glass market.

• Increasing demand for building integrated photovoltaics (BIPV) glass in the industrial sector

Rising demand for building integrated photovoltaic glass in the industrial sector will likely propel the market's growth during 2023-2030. Building integrated photovoltaics (BIPV) glass is extensively used in industrial buildings to attain their goal of diminishing the usage of non-renewable energy sources. Industries in global regions are investing more in integrated photovoltaic glass to reduce the consumption of electricity and enhance the aesthetic of the building. Thus, all these factors are enhancing the growth of the building-integrated photovoltaics (BIPV) glass market.

Opportunities

• Increasing supportive government initiatives for the adoption of solar energy panel

The growing supportive government initiatives for adopting solar energy panels promote building-integrated photovoltaics (BIPV) glass market growth. Governments are introducing initiatives to support the clean energy transition and lessen the dependency on non-renewable energy resources such as coal and petroleum. Building integrated photovoltaics (BIPV) glass is integrated into a building during construction which helps to capture the solar energy and convert it into electricity. For instance, The U.S. Department of Energy announced many new initiatives in 2021, including $15.5 million in new funding, to help underrepresented communities adopt solar energy. Hence, the supportive government initiatives to adopt solar panels will create ample opportunities for market growth.

• Rising product launches by major players to introduce the advanced product

 The rising product launches and other innovations by major players further provide plenty of growth opportunities in the market. For instance, Vitro Architectural Glass introduced SolarvoltTM building-integrated photovoltaic glass modules in 2021, which combine both performance and aesthetics of vitro glass products with CO2-free power generation and weather protection for commercial buildings. As per Vitro's marketing and innovation director, SolarvoltTM BIPV modules are the next step in augmenting the company's portfolio.

Restraints/ Challenges

• High deployment expenses and limited efficiency of photovoltaic modules

The initial deployment cost of building integrated photovoltaics (BIPV) glass modules is quite high due to the high capital purchase cost. The developing regions of Global would face problems while investing in such costly solutions. The efficiency of the photovoltaics (BIPV) glass modules is also limited. Scientists are also been working to improve the efficiency of the photovoltaics (BIPV) glass modules for years, but there have not been many positive outcomes. Thus, all these factors would hamper the market growth.

• Lack of awareness among consumers and low efficiency

Most consumers are unaware of the advantages of government policies relating to solar for buildings. Though things are changing rapidly, and system manufacturers are raising awareness. Besides, building-integrated photovoltaic (BIPV) glass has low energy efficiency compared to other photovoltaic materials. For instance, the energy conversion efficiency of the building integrated photovoltaics (BIPV) glass-based system is also relatively low, with less than 20 percent rates, and is sensitive to weather patterns. These factors above will act as major restraints for the market.

This building integrated photovoltaics (BIPV) glass market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the building integrated photovoltaics (BIPV) glass market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by considering the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2020, Onyx Solar Group LLC declared that COIMA employed its photovoltaic glass facade system to make the Gioia 22 tower a major company landmark of COIMA. Photovoltaic Glass is made by crystalline silicon technology. As a result, it will produce energy equivalent to the average needs of 300 residential homes.

Global Building Integrated Photovoltaics (BIPV) Glass Market Scope

The building integrated photovoltaics (BIPV) glass market is segmented on the basis of product, technology, module type, raw material, appearance, glazing type, applications and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Standard
• Coloured

Technology

• Crystalline
• Thin Film
• Mounting Systems

Module type

• Monocrystalline
• Polycrystalline
• Thin Film
• Others

Raw Material

• Crystalline Silicon
• Amorphous Silicon
• Organic photo Voltaic Cell
• Dye Sensitized Solar Cells
• Cadmium Telluride
• Copper Indium Gallium Selenide
• Others

Appearance

• Interior
• Exterior

Glazing Type

• Single Module
• Double Module

Applications

• Atriums
• Canopies
• Facades
• Skylight or Solar Glazing
• Others

End Users

• Residential Buildings
• Commercial Buildings
• Institutional Buildings
• Infrastructural Buildings

Building Integrated Photovoltaics (BIPV) Glass Market Regional Analysis/Insights

The building integrated photovoltaics (BIPV) glass market is analysed and market size insights and trends are provided by country, product, technology, module type, raw material, appearance, glazing type, applications and end users as referenced above.

The countries covered in the building integrated photovoltaics (BIPV) glass market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the building integrated photovoltaics (BIPV) glass market because of a considerably reduce in the Levelized expense of electricity (LCOE) of its solar installations in this region. Furthermore, increasing supportive directives in the form of financial incentives will further increase the market's growth in this region.

North America is expected to be the fastest developing region during the forecast period of 2023 to 2030 due to the presence of norms and encouraging regulations to expand BIPV installations across industrial and commercial establishments in this region. Furthermore, the strong presence of major players is further expected to propel the market's growth in this region in the coming years.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Building Integrated Photovoltaics (BIPV) Glass Market Share Analysis

The building integrated photovoltaics (BIPV) glass market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to building integrated photovoltaics (BIPV) glass market.

Some of the major players operating in the building integrated photovoltaics (BIPV) glass market are:

• Wuxi Suntech Power Co., Ltd. (China)
• Borosil Renewables Ltd. (India)
• Tesla (U.S.)
• TAIYO KOGYO CORPORATION (Japan)
• Onyx Solar Group LLC (Spain)
• AGC Inc. (Japan)
• Scheuten (Netherlands)
• First Solar (U.S.)
• SHARP CORPORATION (U.S.)
• GOODWE (China)
• Belectric (Germany)
• Carmanah Technologies Corp (Canada)
• Ertex Solar (Austria)