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

Chemical and Materials

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

  • Chemical and Materials
  • Upcoming Report
  • Mar 2023
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

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

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 261,217.01 Thousand
Diagram Market Size (Forecast Year) USD 2,321,476.95 Thousand
Diagram CAGR %

Major Markets Players

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North America 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.

North America Building Integrated Photovoltaics (BIPV) Glass Market

North America Building Integrated Photovoltaics (BIPV) Glass Market Analysis and Size

The growing demand for building integrated photovoltaic materials such as glass due to the increasing integration of solar energy solutions in commercial infrastructures for energy conservation and architectural optimization is likely to boost the demand for building integrated photovoltaics (BIPV) glass. According to the report by United States Department of Energy projection, the building-integrated photovoltaic system can offer up to 50 percent of the electric power supplies of the United States. The demand for building integrated photovoltaic system is constantly growing every year because of the permanent decline of photo-electric module prices. Thus the growing demand for building integrated photovoltaics (BIPV) glass and the unprecedented offering of electric current than the traditional system with no environmental harm are expected to increase the market growth in coming years.

Data Bridge Market Research analyses that the building integrated photovoltaics (BIPV) glass market is expected to reach USD 23,21,476.95 thousand by 2030, which is USD 261,217.01 thousand in 2022, registering a CAGR of 31.40% 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..     

North America Building Integrated Photovoltaics (BIPV) Glass Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 – 2020)

Quantitative Units

Revenue in USD Thousand, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

U.S., Canada and Mexico in North America

Market Players Covered

Dow (U.S.), Wuxi Suntech Power Co., Ltd. (China), Belectric (Germany), Carmanah Technologies Corp (Canada), Borosil Renewables Ltd. (India), Tesla (U.S.), NanoPV Solar Inc. (U.S.),  TAIYO KOGYO CORPORATION (Japan), Onyx Solar Group LLC (Spain), AGC Inc. (Japan), Scheuten (Netherlands), Ascent Solar Technologies, Inc. (U.S.), First Solar (U.S.), Sharp Corporation (U.S.), GoodWe (China)

 

Market Opportunities

  • Increasing government's initiatives to adopt and spread awareness regarding advantages of green resources
  • Surging product launches by major market players to introduce advance product

Market Definition

Building-integrated photovoltaics (BIPVs) is a solar power-generating modules that are used in constructing skylights, facades, roofs in buildings. Normally, these modules include integrating backup power supply system, photovoltaic modules, charge controller, power storage system, and other supporting hardware. Building-integrated photovoltaics (BIPVs) glass offer numerous benefits over traditional counterparts because they provide onsite zero emissions, high energy conservation, power generation, optimal shading, and superior architectural integration.

Building Integrated Photovoltaics (BIPV) Glass Market Dynamics

Drivers

  • Increased efficiency of the c-Si module widen the market scope

Increasing efficiency of crystalline silicon modules is expected to drive the market growth during the forecast period. Crystalline silicon cells are extensively used in roofing because they don't require a high investment and also provide high efficiency. The crystalline silicon (c-Si) provides the highest energy conversion efficiency. It normally converts 13 to 21% of the incident sunlight into electricity. All these factors are likely to boost driving the market growth.

  • Growing demand of building integrated photovoltaics (BIPV) glass in industrial sector

Growing demand of building integrated photovoltaics (BIPV) glass in industrial sector is expected to drive the market growth during the forecast period 2022-2027. The building integrated photovoltaics (BIPV) glass are widely adopted in industrial buildings to attain their goal of a zero-energy building by decreasing the usage of non-renewable energy sources. Industries in North America regions are investing more in integrated photovoltaics (BIPV) glass to reduce electricity consumption and improve the aesthetic of the building. Thus, all these factors are boosting the market growth.

Opportunities

  • Increasing government's initiatives to adopt and spread awareness regarding advantages of green resources

The governments of various regions in North America are introducing incentives to encourage the adoption of photovoltaic (PV) modules and also to spread awareness regarding the advantages of using renewable resources. The building integrated photovoltaics (BIPV) glass is economical in long run and also maintains the look of the building which is attracting more consumers to adopt this solution. As a result of all these factors, the demand for the building integrated photovoltaics (BIPV) glass increases, creating lucrative market growth opportunities during the forecast period.

  • Surging product launches by major market players to introduce advance product

 The surging product launches and other innovations by market players further provide ample growth opportunities within the market. For instance, Vitro Architectural Glass introduced SolarvoltTM building-integrated photovoltaic (BIPV) glass modules in 2021, which combine performance and aesthetics of Vitro Glass products with weather protection and CO2-free power generation for commercial buildings. According to Vitro's marketing and innovation director, SolarvoltTM BIPV modules are the next step in enhancing the company's portfolio of architectural glass products' energy efficiency and sustainability.

Restraints/ Challenges

  • High deployment expenses and limited efficiency of photovoltaic modules

The initial deployment cost of the building integrated photovoltaics (BIPV) glass modules is quite high due to the high capital cost of purchase. The developing regions of North America would face problems while investing in such costly solutions. The efficiency of the photovoltaics (BIPV) glass modules is also limited. Scientists are also 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.

  • Increasing preference of rooftop solar

Many consumers prefer rooftop solar over the building integrated photovoltaics (BIPV) glass due to the developing technology of rooftop solar photovoltaics, which is substantially better than the building integrated photovoltaics (BIPV) glass. This factor will pose a major challenge for the growth pf the building integrated photovoltaics (BIPV) glass market during the forecast period.

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 keeping in account 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 2022, Risen Energy introduced a range of new heterojunction and building-integrated photovoltaic (BIPV) modules that help to improve power generation performance and reduce carbon use compared with previous products. The new heterojunction modules, called Hyper-ion, uses 210mm HJT half-cut 120-micron cells and microcrystalline technology to attain efficiencies above 25.2 percent.
  • In 2021, Meyer Burger, the Swiss PV modules manufacturer, bought the rights to increase its business portfolio to BIPV systems. The company will offer in-roof solar systems. They presented their first self-made solar tiles in the year 2021 at the smarter-E-Europe fair. The first delivery to the consumer is anticipated in the second half of 2022.
  • In 2020, NanoFlex Power Corporation (NFP) which is a developer of high-efficiency photovoltaic power generation and organic photovoltaic technology entered into a joint venture with True Metal Solutions (TMS) which is a building cladding fabricator, to extend the business for organic photovoltaic thin-film material with cladding for building façades.

North America 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.

U.S. dominates the North America building integrated photovoltaics (BIPV) glass market because they have high availability of investment in sustainable and latest technologies to obtain long-term benefits by using building integrated photovoltaics (BIPV) glass technology in this region. Furthermore, high disposable incomes of consumers and the advances in the production technologies of building integrated photovoltaics (BIPV) solar panels will further boost the market growth in this region.

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 North America 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, North America 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:

  • Dow (U.S.)
  • Wuxi Suntech Power Co., Ltd. (China)
  • Belectric (Germany)
  • Carmanah Technologies Corp (Canada)
  • Borosil Renewables Ltd. (India), Tesla (U.S.)
  • NanoPV Solar Inc. (U.S.)
  • TAIYO KOGYO CORPORATION (Japan)
  • Onyx Solar Group LLC (Spain)
  • AGC Inc. (Japan)
  • Scheuten (Netherlands)
  • Ascent Solar Technologies, Inc. (U.S.)
  • First Solar (U.S.)
  • Sharp Corporation (U.S.)
  • GoodWe (China)


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The North America Building Integrated Photovoltaics (BIPV) Glass Market is projected to grow at a CAGR of 31.40% during the forecast period by 2030.
The future market value of the North America Building Integrated Photovoltaics (BIPV) Glass Market is expected to reach USD 23,21,476.95 thousand by 2030.
The major players in the North America Building Integrated Photovoltaics (BIPV) Glass Market are Dow (U.S.), Wuxi Suntech Power Co., Ltd. (China), Belectric (Germany), Carmanah Technologies Corp (Canada), Borosil Renewables Ltd. (India), Tesla (U.S.), NanoPV Solar Inc. (U.S.), etc.
The countries covered in the North America Building Integrated Photovoltaics (BIPV) Glass Market are U.S., Canada and Mexico in North America.
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