Global Building-Integrated Photovoltaics Facade Market – Industry Trends and Forecast to 2029

Market Analysis and Size

The various economies across the globe, are expanding their power generation capacity by building new plants or expanding the capacity of existing facilities, to meet the increased demand for electricity. The companies are largely working on creating low-cost sources of renewable energy generation due to tight government rules surrounding greenhouse gas (GHG) emissions. Over the estimated period, rapid growth in the construction sector is expected to generate possibilities for enterprises to participate in the worldwide building-integrated photovoltaics facade market.

Global Building-Integrated Photovoltaics Facade Market was valued at USD 1,025.0 million in 2021 and is expected to reach USD 6307.74 million by 2029, registering a CAGR of 25.5% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes technological advancements, regulatory framework, PESTEL, porter's five forces analysis, industry standards-at a glance, raw material costs/ operational expenditure-overview, supply chain analysis, vendor selection criteria, pricing analysis, production analysis, and climate chain scenario.

Market Definition

Solar power generating components utilized in building facades, roofs, and skylights are referred to as building-integrated photovoltaics (BIPVs). Photovoltaic modules, a backup power supply system, a charge controller, a power storage system, and other supporting hardware are all examples of these components.

Report Scope and Market Segmentation

Building-Integrated Photovoltaics Facade Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Increased Demand for Renewable Energy and Surge in Environmental Concerns

Demand for green or zero-emission buildings has increased as the focus on renewable energy has grown. In addition, as consumer knowledge of the many environmental benefits of BIPV grows, so does the adoption of solar energy harvesting systems in the residential sector. Aside from that, the global demand for building-integrated photovoltaics has been stimulated by the installation of favorable government policies supported by many efforts stressing the need to reduce carbon footprints. Moreover, rising environmental worries about nonrenewable energy resources such as oil and coal are driving up demand for solar power generation.

The increased integration of solar energy solutions in commercial infrastructures for architectural optimization and energy conservation is projected to accelerate the market growth over the forecast period. Furthermore, the rapid modernization in the construction and building sector also accelerates the market growth.

Opportunities

• Surging Developments and Emphasis of Electricity Sharing

Furthermore, various developments coupled with introduction of advanced technologies by the market players further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. The increased emphasis on electricity sharing is also projected to provide various growth prospects to the market over forecast period.

Restraints/Challenges

• Increasing Technology of rooftop solar PV

The lowering cost and rising technology of rooftop solar PV, which is substantially faster than that of BIPV, is one of the key restraints of the BIPV sector, resulting in the majority of customers preferring rooftop solar over BIPV. This factor hampers the global building-integrated photovoltaics facade market.

• Dearth of Homogeneity

The lack of homogeneity in photovoltaic tiles creates a problem for BIPV roof solutions' rapid growth. This factor is projected to pose as a serious challenge to the growth of the building-integrated photovoltaics facade market.

This building-integrated photovoltaics facade 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 facade market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Building-Integrated Photovoltaics Facade Market

The recent outbreak of coronavirus had a negative impact on the building-integrated photovoltaics facade market, as the pandemic has had a significant impact on the supply chain. The economy has slowed as most countries around the world imposed nationwide lockdowns to prevent the virus from spreading further. The governments of numerous major economies have imposed lockdowns to prevent the spread of COVID-19. Manufacturing activity has been severely hampered as a result of the lockdown. For example, in January 2020, the Chinese government announced a 30-day lockdown to combat COVID-19. Because the majority of PV modules are made in China, the production and supply chain have been severely harmed. India, for example, buys 80% of its solar value chain materials from China. Moreover, as all major ship container firms stopped operating out of Chinese ports and moving goods from China to other countries, the lockdown significantly impacted China's manufacturing capabilities. In March and April 2020, this resulted in supply chain disruptions. In addition, supply chain problems and workforce shortages in the PV business were caused by the lockdown applied in other nations. Due to travel limitations, businesses were unable to find the workforce they needed for their operations. Though the market is projected to be disrupted in 2020, recovery is expected to begin in 2021 and be completed by 2022.

Recent Development

• In October 2021, Meyer Burger, a Swiss PV module maker, purchased the rights to expand its business offering to include BIPV systems. The company will offer in-roof solar systems. At the smarter-E-Europe fair in 2021, they unveiled their first self-made solar tiles. The first client delivery is scheduled during the second part of 2022.

Global Building-Integrated Photovoltaics Facade Market Scope

The building-integrated photovoltaics facade market is segmented on the basis of technology, application and end-use. 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.

Technology

• Crystalline Silicon
• Thin Film
• Others

Application

• Roofs
• Walls
• Glass
• Façade
• Others

End-Use

• Residential
• Commercial
• Industrial

Building-Integrated Photovoltaics Facade Market Regional Analysis/Insights

The building-integrated photovoltaics facade market is analyzed and market size insights and trends are provided by country, technology, application and end-use as referenced above.

The countries covered in the building-integrated photovoltaics facade market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Norway, Finland, 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, Israel, Egypt, South Africa, Nigeria, Algeria, Angola, Ghana, 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.

Asia-Pacific dominates the building-integrated photovoltaics facade market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth in this region is attributed to the increased government programs launched in the area to boost renewable energy installations within the region.

On the other hand, North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rising investments in the solar technology within the 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 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 Facade Market Share Analysis

The building-integrated photovoltaics facade 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 facade market.

Some of the major players operating in the building-integrated photovoltaics facade market are

• AEET Energy Group GmbH (Germany)
• Dow (U.S.)
• Wuxi Suntech Power Co., Ltd. (China)
• Belectric (Germany)
• Carmanah Technologies Corp (Canada)
• Dyesol Ltd. (Australia)
• Solarwatt  (Germany)
• Hanergy Holding Group Limited (China)
• Ertex Solartechnik GmbH (Germany)
• Canadian Solar (Canada)
• Tesla (U.S.)
• NanoPV Solar Inc. (U.S.)
• Greatcell Solar Materials (Australia)
• The Solaria Corporation (U.S.)
• Taiyo Kogyo Corporation (Japan)
• Onyx Solar Group LLC (Spain)

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