Building Integrated Photovoltaics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Building Integrated Photovoltaics (BIPV) Market is Segmented by Type (Thin-film PV, and Crystalline PV), End-User (Residential, Commercial and Industrial), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers the market size and forecasts in revenue (USD) for all the above segments.

Building Integrated Photovoltaics Market Size

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Building Integrated Photovoltaic (BIPV) Market Summary
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Study Period 2020 - 2029
Market Size (2024) USD 6.31 Billion
Market Size (2029) USD 12.59 Billion
CAGR (2024 - 2029) 14.79 %
Fastest Growing Market Asia Pacific
Largest Market Europe

Major Players

Building Integrated Photovoltaic (BIPV) Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Building Integrated Photovoltaics Market Analysis

The Building Integrated Photovoltaic Market size is estimated at USD 6.31 billion in 2024, and is expected to reach USD 12.59 billion by 2029, growing at a CAGR of 14.79% during the forecast period (2024-2029).

  • Over the medium term, factors such as the reduction in energy bills due to self-power consumption and the reduction in the building's carbon footprint are expected to drive the market during the forecast period.
  • On the other hand, the high installation cost compared to rooftop PV systems is likely to negatively impact the market growth.
  • Nevertheless, the inclination towards renewables-based power generation worldwide is an enormous opportunity for BIPV systems. The governments of almost all countries are moving towards renewables-oriented energy policies to reach their carbon neutrality goals. The industrial and commercial sectors are even incentivized to adopt cleaner energy generation methods.
  • Due to declining solar technology costs, Asia-Pacific is expected to grow faster during the forecast period.

Building Integrated Photovoltaics Market Trends

Crystalline PV Expected to Dominate the Market

  • Most solar panels for roof and facade applications are made up of crystalline silicon. They are thick glasses that produce more power (10-12 watts per ft² of PV array under the full sun) than other technologies.
  • The increasing installation of solar PV modules across the globe is further increasing the installation of BIPV systems. In 2022, the total solar PV installed capacity was around 1046.6 GW, which increased from 855.2 GW in 2021.
  • In September 2022, Grenzebach Group, a glass and building materials producer in Germany, announced the inauguration of a building-integrated PV (BIPV) module production plant by the company's subsidiary Envelon in Bavaria region in Germany with a capacity of up to 300,000 sq. meter annual capacity.
  • In December 2021, Italian solar panel manufacturer Solarday launched a glass-glass monocrystalline PERC BIPV panel in red, green, gold, and grey. The power conversion efficiency of the product is 17.98%, and its temperature coefficient is -0.39% per degree Celsius. Along with higher power conversion capability, it also adds aesthetic value to buildings by varying colors.
  • Such developments are expected to have an overwhelming effect on the market development.
Building Integrated Photovoltaic (BIPV) Market: Building-integrated photovoltaics (BIPV) Market: Solar PV Installation, in Gigawatt, Global, 2017-2022

Asia-Pacific Expected to Witness Significant Growth

  • The Asia-Pacific region has successfully implemented solar PV technologies in many industries in the most cost-effective way. The technology in the region has reached the maturity stage and has witnessed continuously plummeting prices.
  • Countries like China, India, Japan, and ASEAN have proved themselves in solar power generation with new innovative technologies for BIPV, rooftops, and many other applications. China's production scale for each technology in the PV industry accounts for more than 50% of the world and is expected to remain at the top in the near future.
  • The developments happened in other parts of the region too. In September 2021, AGC Inc., the Japanese manufacturer of glass, chemicals, and high-tech materials, announced that its BIPV glass had been selected to be installed at the Singapore Institute of Technology's new Punggol campus, which is scheduled to be open by 2024.
  • In May 2023, a smart building materials Australian company, ClearVue Technologies Limited, announced the official release of its improved product design for integrating solar vision glass into glazing units or IGUs. At the same time, the Company releases its new integrated solar façade solutions.
  • Owing to such developments, Asia-Pacific is expected to have the highest growth rate in the coming years.
Building Integrated Photovoltaic (BIPV) Market - Growth Rate by Region, 2023-2028

Building Integrated Photovoltaics Industry Overview

The global building integrated photovoltaic (BIPV) market is moderately consolidated. The key players in this market (not in particular order) include ONYX Solar Group LLC, Merck KGaA, AGC Inc., Solarday, and Changzhou Almaden Co. Ltd., among others.

Building Integrated Photovoltaics Market Leaders

  1. ONYX Solar Group LLC

  2. Solarday

  3. Merck KGaA

  4. AGC Inc.

  5. Changzhou Almaden Co. Ltd

*Disclaimer: Major Players sorted in no particular order

Building Integrated Photovoltaic (BIPV) Market Concentration
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Building Integrated Photovoltaics Market News

  • April 2023: ArcelorMittal announced joining forces with BP2 to supply low carbon-emissions steel for BP2's new product, the SOLROOF integrated photovoltaic roof. BP2's integrated photovoltaic FIT VOLT panels will likely be produced solely using XCarb recycled and renewably produced steel, obtained using a minimum of 75% scrap steel and providing 100% renewable electricity.
  • September 2022: Saint-Goblin announced a strategic partnership with Megasol, a Swiss building-integrated photovoltaics (BIPV) module manufacturer. Under the agreement, Saint-Gobain acquired a minority stake in the company's BIPV module development and production business at its site in Switzerland.

Building Integrated Photovoltaics Market Report - Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD million, till 2028

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

        1. Reduction in Energy Bills Due to Self-Power Consumption

        2. Increasing Installation of Solar PV Modules in Residential Segment

      2. 4.5.2 Restraints

        1. High Installation Cost as Compared to Rooftop PV Systems

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitutes Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Thin Film PV

      2. 5.1.2 Crystalline PV

    2. 5.2 End-User

      1. 5.2.1 Residential

      2. 5.2.2 Commercial & Industrial

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.3.2 Europe

        1. Germany

        2. France

        3. United Kingdom

        4. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. United Arab Emirates

        3. South Africa

        4. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Onyx Solar Group LLC

      2. 6.3.2 Merck KGaA

      3. 6.3.3 Nanoflex Power Corporation

      4. 6.3.4 Hanergy Holding Group Ltd.

      5. 6.3.5 AGC Inc.

      6. 6.3.6 Polysolar Domestic

      7. 6.3.7 Issol SA

      8. 6.3.8 Changzhou Almaden Co. Ltd

      9. 6.3.9 Solarday

      10. 6.3.10 Ertex solartechnik GmbH

    4. *List Not Exhaustive

    1. 7.1 Inclination towards Renewables-based Power Generation Across the World

**Subject to Availability
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Building Integrated Photovoltaics Industry Segmentation

Building-integrated photovoltaics (BIPV) are solar power-producing products or systems that are effortlessly integrated into the building envelope and part of building apparatuses such as facades, roofs, or windows. Serving a dual purpose, a BIPV system is an integral component of the building skin that concurrently converts solar energy into electrical energy.

The building-integrated photovoltaics (BIPV) market is segmented by type, end-user, and geography. The market is segmented by type into thin-film PV and crystalline PV. By end-user, the market is segmented into residential, commercial, and industrial. The report also covers the market size and forecasts across major regions. The market sizing and forecasts have been done for each segment based on revenue (USD).

Thin Film PV
Crystalline PV
Commercial & Industrial
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle-East and Africa
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Building Integrated Photovoltaics Market Research FAQs

The Building Integrated Photovoltaic (BIPV) Market size is expected to reach USD 6.31 billion in 2024 and grow at a CAGR of 14.79% to reach USD 12.59 billion by 2029.

In 2024, the Building Integrated Photovoltaic (BIPV) Market size is expected to reach USD 6.31 billion.

ONYX Solar Group LLC, Solarday, Merck KGaA, AGC Inc. and Changzhou Almaden Co. Ltd are the major companies operating in the Building Integrated Photovoltaic (BIPV) Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Building Integrated Photovoltaic (BIPV) Market.

In 2023, the Building Integrated Photovoltaic (BIPV) Market size was estimated at USD 5.5 billion. The report covers the Building Integrated Photovoltaic (BIPV) Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Building Integrated Photovoltaic (BIPV) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Building-Integrated Photovoltaics Industry Report

Statistics for the 2024 Building-Integrated Photovoltaics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Building-Integrated Photovoltaics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Building Integrated Photovoltaics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)