BiPV Gains Momentum as Green Building Trends Rise, Offering Sustainable Energy Solutions for Urban Development

News provided by

Sep 29, 2023, 19:00 ET

DUBLIN, Sept. 29, 2023 /PRNewswire/ -- The "Building Integrated Photovoltaics (BiPV) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global Building Integrated Photovoltaics (BiPV) market is poised for remarkable expansion, with estimated revenues of US$17.7 billion in 2022, and a projected surge to US$83.3 billion by 2030. This extraordinary growth is anticipated at a robust CAGR of 21.4% over the analysis period spanning 2022 to 2030.

C-Si Dominates, Thin Film Surges

Within the BiPV sector, the C-Si segment stands out, projected to achieve a remarkable 21% CAGR, reaching a value of US$58.4 billion by the close of the analysis period. The Thin Film segment is not far behind, with estimated growth at an impressive 23.7% CAGR over the next eight years.

Global Leaders and Geographic Highlights

The United States BiPV market is estimated at US$2.9 billion in 2022, reflecting strong potential for growth. Meanwhile, China, as the world's second-largest economy, is set to reach an astounding US$17.9 billion by 2030, driven by a compelling CAGR of 25.4% from 2022 to 2030. Other noteworthy geographic markets include Japan and Canada, each forecasted to experience robust growth at 16.8% and 20.4%, respectively, during the 2022-2030 period. Within Europe, Germany is expected to grow at a steady 21.5% CAGR.

Key Competitors

Key players in the BiPV market include:

Certain Teed Corporation
First Solar, Inc.
Canadian Solar, Inc.
Ascent Solar Technologies, Inc.
AVANCIS GmbH
Crystalsol GmbH
BELECTRIC Solar & Battery GmbH
BISOL Group, d.o.o.
Englert, Inc.
Ernst Schweizer AG
Changzhou Almaden Co., Ltd.
BiPVco
Exasun BV
EnerBIM
AGC Inc.

Optimistic Economic Outlook

The global economic outlook is showing signs of improvement, with growth recovery expected for the upcoming years. The United States has successfully navigated recession threats despite slowing GDP growth. In the Euro area, easing headline inflation is boosting real incomes and driving economic activity. China is poised for substantial GDP growth as the pandemic recedes, and India is on track to become a trillion-dollar economy by 2030, surpassing Japan and Germany.

Despite these positive trends, various challenges persist, including uncertainty around the war in Ukraine, slower-than-expected global headline inflation decline, and ongoing food and fuel inflation in developing countries. High retail inflation is affecting consumer confidence and spending. Governments are addressing these challenges by raising interest rates to combat inflation, which may impact job creation and economic activity. The regulatory environment is also tightening, with growing pressure to integrate climate change into economic decisions.

Investment Opportunities in Emerging Technologies

While corporate investments may face inflation-related concerns and weaker demand, the rise of new technologies presents opportunities. Generative AI, applied AI, machine learning industrialization, next-generation software development, Web3, cloud and edge computing, quantum technologies, electrification, renewables, and climate technologies are poised to reshape the global investment landscape. These technologies have the potential to drive significant incremental growth and value to global GDP in the coming years.

In this dynamic environment, businesses and leaders who exhibit resilience and adaptability are well-positioned to seize the opportunities that lie ahead.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of COVID-19 Pandemic and Looming Global Recession; Living with COVID-19, The New Normal
Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
With the Pandemic Crushing the Construction Sector Sentiments, BIPV Market Exhibits Substantial Decline in 2020
BIPV Market Looks Up Post Pandemic Scare
Competitive Scenario: BIPV Market Characterized by High Degree of Fragmentation
Building Integrated Photovoltaics (BiPV) - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
BIPV Set to Resume Progressive Gains in Post COVID-19 Environment: Outlook
Key Challenges and Future Prospects of BIPV
Factors Driving Growth in BIPV Market
Image of BIPV as an Economically Viable, Multifunctional, Renewable Energy Source for Buildings to Stir Future Opportunities
Developed Countries Lead Market, Developing Economies to Spearhead Future Growth
DOE Issues RFI for Gathering Input on BIPV Systems
Germany's Achievement of Climate Neutrality through BIPV
Analysis by Technology Type
C-Si: Primary Technology Vertical in the BIPV Domain
Thin Film Technology Set to Make Robust Gains
Analysis by Application Type
Roofing Remains the Largest Application Segment for BIPV Market
With Solar Roofing Shingles & Tiles Gaining Popularity, Roofing Set to Solidify its Dominant Position
Glass Emerges as High Growth Application Segment
BIPV Walls to Seek Widen Addressable Market
Facades: Niche Application Area
Introduction to Building Integrated Photovoltaics (BIPV)
Advantages and Disadvantages of BIPVs
An Insight into BIPV Technologies
Cell and Module Efficiency of Commercial PV Technologies: A Comparison
Comparison between Crystalline Silicon and Thin Film Technologies
Comparison Chart of Solar Cell Efficiencies for Crystalline Silicon and Thin Films with respect to Temperature
BIPV Applications
Merits & Demerits of BIPV Products in Various Applications
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

BIPV Steadily Moving from Niche to Mass Market
Energy Collation Scope of BPV
Factors Influencing Future Market Development
Emphasis on Energy-Efficient, Green, LEED Buildings Builds Fertile Environment for BIPV Market
Relevance of Zero Energy Building Constructions Bodes Well for Future Growth
Leading to Net Positive Construction
Smart City, the New Urban Infrastructure Model, to Steer Next Wave of Growth in BIPV Market
Sustained Rise in Global Electricity Demand Creates Conducive Scenario for Wider Uptake of BIPV Solutions
Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
BIPV Market Stands to Gain from Growing Focus on Renewable Energy Sources
Targets for Electricity Production from Renewable Energy Sources in Select Countries
Leading Countries with Renewable Energy as % of total Energy
Global CO2 Emissions (2015. 2020, 2040 & 2050): Percentage Breakdown of Volume Emissions by Fuel Type
With Solar Energy Emerging as Reliable Renewable, BIPV Anticipates Parallel Momentum
Top 10 Countries Worldwide by Annual PV Installed Capacity
Top 10 Countries Worldwide by Cumulative PV Installed Capacity in in GW
Government Participation in Boosting Solar Energy Uptake Elevates Momentum in BIPV Domain
Future Prospects Remain Favorable Amid Growing Population & Urbanization Drive
World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
Industrial Sector: Largest Revenue Contributor
Fast Paced Growth Anticipated in Commercial Buildings Vertical
Advantages and Disadvantages of BIPV Usage in Buildings
BIPV Solutions Remain Highly Relevant in Residential Buildings
Besides New Installations, High-Growth Opportunities Exist for BIPV in Retrofit Market
Retrofit Opportunity in Government, Prestige, & Historic Buildings Verticals
Technology Advancements & Product Innovations Widen Addressable Market for BIPV Solutions
Advanced R&D Efforts Bring Forth BIPV-T Solar Roofing Technology
Colored Photovoltaic Continue to Gain Traction in BIPV R&D Programs
Customized PV Systems Emerge as New R&D Focus Area
Sonnenstromfabrik Brilliant PV Modules
IRIG Develops Self-Adjusting BIPV Panels
Meyer Burger's SmartWire Connection Technology (SWCT)
Metal Wrap Through (MWT) Technology
Passivated Emitter and Rear Cell (PERC) Technology
Organic Solar PV Cells
DysCrete Building Material
Solar Cloth PVs
Perovskite Materials
Select Innovations in the Photovoltaic Panels Market: 2020 & 2021
A Glance at BIPV-Related Standards & Codes
International Electrotechnical Commission (IEC) Standards
Underwriters Laboratory (UL) Standards
Growth Barriers & Restraints

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/j6u6uk

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets