BIPV (Building Integrated Photovoltaics) Glass Market
BIPV (Building Integrated Photovoltaics) Glass Market Size, Share & Industry Analysis, By Type (Crystalline Silicon, Thin Film, Others), By Application (Residential, Commercial, Industrial), By End-Use (Roofs, Facades, Skylights, Windows), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Report Highlights:
“The global market for BIPV glass is anticipated to grow at a compound annual growth rate (CAGR) of 20.1% between 2024 and 2031. In 2022, the market size was estimated to be USD 1.63 billion; by 2031, it is expected to grow to USD 8.23 billion. Europe is anticipated to dominate the market over the anticipated period.”
The market for BIPV glass is expanding quickly due to rising demand for energy-efficient building materials and increased adoption of sustainable construction practices. Governments everywhere are enacting favourable legislation and offering incentives to promote the use of solar energy in buildings, which is propelling the expansion of the sector. Building owners and architects are finding BIPV glass products more appealing as a result of technological advancements in photovoltaic materials and production procedures, which are also improving the products' efficiency and aesthetics.
Market Dynamics:
Market Trend: Integration of IoT and Smart Technologies in BIPV Systems
Smart technologies and Internet of Things (IoT) capabilities are being included into BIPV glass products to improve functionality and user control. This trend is the creation of smart BIPV systems that can be easily connected with building management systems, therefore enabling real-time monitoring of energy use, production, and general performance. IoT-enabled BIPV glass may change its transparency depending on occupant preferences and sunshine intensity, therefore maximizing interior comfort as well as energy production.
Furthermore, these intelligent systems may provide building managers and owners useful data analytics, therefore facilitating improved decision-making on maintenance and energy use. By providing improved value propositions to consumers and thereby increasing the general efficiency of building energy systems, the integration of smart technology in BIPV glass is predicted to fuel market expansion.
Market Driver: Increasing focus on green certificates and sustainable construction techniques
The BIPV glass industry is driven in great part by growing attention on green certifications and sustainable construction techniques. Growing demand for ecologically friendly and energy-efficient construction materials results from growing knowledge of environmental problems like climate change. Combining conventional building envelope purposes with renewable energy production, BIPV glass presents a unique solution that appeals to developers and architects trying to satisfy strict green construction guidelines. Building laws and rules allowing the use of renewable energy in building projects have been adopted by many nations either explicitly or implicitly.
Green building certifications as LEED, BREEAM, and Green Star give buildings using on-site renewable energy generating better ratings, therefore encouraging the use of BIPV glass. Demand for BIPV systems is also being driven by tenant and homeowner desire for environmentally friendly buildings as well as corporate sustainability projects.
Manufacturers engaging in research & development to enhance product performance and increase their offers to satisfy the changing demands of the sustainable building sector is driving notable increase in the market for BIPV glass.
Market Restraint: Long payback times and high starting expenditures
The somewhat lengthy payback times and hefty startup expenses connected with BIPV glass systems seriously limit market development. Because of its integration of photovoltaic technology and sophisticated production techniques, BIPV glass products are sometimes more costly than standard building materials Particularly in price-sensitive regions, the cost of BIPV systems may be many times greater than those of conventional glass facades or roofing materials, which discouraged some building owners and developers from using this technology.
Furthermore depending on local energy costs, government incentives, and system performance the payback time for BIPV investments might vary from 5 to 15 years. Some project stakeholders, especially in commercial real estate where shorter-term profits are often given top priority, may not match this lengthy return on investment period. Because BIPV system design and installation need for specialized knowledge and cooperation across many professions, its complexity also adds to greater expenses. Although BIPV glass clearly has long-term advantages in terms of sustainability and energy savings, the initial cost barrier still presents a major obstacle for general acceptance particularly in areas with reduced electricity prices or limited financial incentives for renewable energy investments.
Segment Overview:
Silicon crystals predominate in BIPV glass market
Thanks to its great efficiency and proven production techniques, crystalline silicon technology enjoys the biggest market share in the BIPV glass sector. Many BIPV applications use this segment as it provides better power production and dependability than other PV technologies. Crystalline silicon BIPV glass solutions satisfy a variety of architectural needs by balancing performance and appearance.
Regional Outlook:
Leading the BIPV Glass Market with Strict Energy Policies is Europe
Driven by rigorous building energy efficiency rules and aggressive renewable energy objectives, Europe dominates the worldwide BIPV glass industry. BIPV systems have been somewhat popular in the area because their emphasis on lowering carbon emissions in the building industry. Supported by government incentives and a strong focus on sustainable construction, nations like Germany, France, and Italy lead in BIPV application.
The Nearly Zero-energy Building (NZEB) policy of the European Union has hastened the introduction of BIPV glass into new buildings and renovations all throughout the continent. Furthermore supporting ongoing innovation in BIPV technology and hence supporting Europe's market leadership is Europe's developed solar sector and well-established research and development facilities. As architects and developers try to mix aesthetics with utility and sustainability, the architectural trends in the area favoring glass facades in commercial and residential buildings also provide a suitable habitat for BIPV glass adoption.
Competitive Landscape:
Strong competition and fast technical developments define the BIPV glass industry. To improve their market position, important firms are concentrating on strategic alliances, product innovation, and geographical growth. To increase the efficiency and appeal of BIPV glass goods, big corporations are actively spending in research and development. More integrated and affordable solutions are resulting from the growing frequency of cooperation between glass makers and solar technology companies. New players especially from developing nations are also joining the market, which increases competitiveness and stimulates innovation by means of more fierce rivalry. Established building material businesses are broadening their portfolios to include BIPV products as the need for sustainable building materials rises, therefore diversifying the competitive scene.
Major Players:
- AGC Inc.
- Saint-Gobain
- Nippon Sheet Glass Co., Ltd.
- Vitro Architectural Glass
- Onyx Solar Group LLC
- EMMVEE Photovoltaic Power Private Limited
- Heliotrope Technologies
- Brite Solar
- Solar Frontier K.K.
1. INTRODUCTION
1.1. Market Definition
1.2. Study Scope
1.3. Currency Conversion
1.4. Study Period (2022- 2031)
1.5. Regional Coverage
2. RESEARCH METHODOLOGY
2.1. Primary Research
2.2. Secondary Research
2.3. Company Share Analysis
2.4. Data Triangulation
3. EXECUTIVE SUMMARY
3.1. Global BIPV (Building Integrated Photovoltaics) Glass Market (2018 – 2022)
3.2. Global BIPV (Building Integrated Photovoltaics) Glass Market (2023 – 2031)
3.2.1. Market Segment By Type (2023 – 2031)
3.2.2. Market Segment By Application (2023 – 2031)
3.2.3. Market Segment By End-Use (2023 – 2031)
3.2.4. Market Segment By Region (2023 – 2031)
4. MARKET DYNAMICS
4.1. Market Trends
4.1.1. Integration of smart technologies and IoT in BIPV systems
4.1.2. Increasing focus on building aesthetics with BIPV solutions
4.1.3. Rising adoption of colored and customizable BIPV glass
4.2. Market Drivers
4.2.1. Growing emphasis on sustainable building practices and green certifications
4.2.2. Government incentives and regulations promoting solar energy adoption
4.2.3. Technological advancements improving BIPV glass efficiency
4.3. Market Restraints
4.3.1. High initial costs and long payback periods
4.3.2. Technical challenges in BIPV system integration
4.4. Porter's Five Forces Analysis
4.4.1. Threat of New Entrants
4.4.2. Bargaining Power of Buyers/Consumers
4.4.3. Bargaining Power of Suppliers
4.4.4. Threat of Substitute Products
4.4.5. Intensity of Competitive Rivalry
4.5. Supply Chain Analysis
4.6. Pricing Analysis
4.7. Regulatory Analysis
4.8. Pipeline Analysis
5. BY TYPE (MARKET VALUE (US$ MILLION) – 2022-2031*)
5.1. Crystalline Silicon
5.2. Thin Film
5.3. Others
6. BY APPLICATION
6.1. Residential
6.2. Commercial
6.3. Industrial
7. BY END-USE
7.1. Roofs
7.2. Facades
7.3. Skylights
7.4. Windows
8. GEOGRAPHY
8.1. North America
8.1.1. United States
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Rest of South America
8.3. Europe
8.3.1. Germany
8.3.2. United Kingdom
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Russia
8.3.7. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Australia
8.4.5. South Korea
8.4.6. Rest of Asia-Pacific
8.5. Middle-East
8.5.1. UAE
8.5.2. Saudi Arabia
8.5.3. Turkey
8.5.4. Rest of Middle East
8.6. Africa
8.6.1. South Africa
8.6.2. Egypt
8.6.3. Rest of Africa
9. COMPETITIVE LANDSCAPE
9.1. Key Developments
9.2. Company Market Share Analysis
9.3. Product Benchmarking
10. SWOT ANALYSIS
11. COMPANY PROFILES
11.1. AGC Inc.
11.2. Saint-Gobain
11.3. Nippon Sheet Glass Co., Ltd.
11.4. Vitro Architectural Glass
11.5. Onyx Solar Group LLC
11.6. EMMVEE Photovoltaic Power Private Limited
11.7. Heliotrope Technologies
11.8. Brite Solar
11.9. Solar Frontier K.K.
11.10. Ubiquitous Energy Inc.
11.11. Tesla, Inc.
11.12. Heliatek GmbH (*LIST NOT EXHAUSTIVE)
12. MARKET OPPORTUNITIES
By Type:
- Crystalline Silicon
- Thin Film
- Others
By Application:
- Residential
- Commercial
- Industrial
By End-Use:
- Roofs
- Facades
- Skylights
- Windows
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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