Market Trends of Building Integrated Photovoltaic (BIPV) Industry
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.
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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.
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