21 Feb 2019 – The Global Building Integrated Photovoltaics (BIPV) Market is expected to undergo significant growth owing to rising need and requirement to conserve energy. The product harnesses renewable solar energy to meet electricity requirements of buildings while adding aesthetic sensibilities to a building structure. It is increasingly integrated into new buildings and towers as a primary or an auxiliary source of electricity. Additionally, it is installed in damaged and replicable building structures such as facades, skylights, and roof, instead of coating them with conventional building materials.
Increasing consumption of solar energy worldwide and growing awareness about the product capabilities are further expected to boost building Integrated photovoltaics (BIPV) market demand. The customers are increasingly saving on the cost of replacement or installation and the subsequent labor charges, while at the same time producing extra amounts of electricity in an environmentally friendly manner, is expected to rapidly increase demand over the forecast period. Additionally, the product is utilized on weaker and more complicated building structures where the installation of solar panels is not possible. Moreover, increasing international and country-wise energy conservation regulations and stringent government energy consumption limits are promulgating growth of the industry.
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Global Building Integrated Photovoltaics (BIPV) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- First Solar Inc.
- Onyx Solar Group LLC
- Sharp Solar
- Sapa Soar
- Ascent Solar Technologies, Inc.
- Pythagoras Solar
- Heliatek Gmbh
- Power Film
- Ertex Solartechnik
A growing number of subsidies offered by the government are immensely boosting the industry growth. Chinese government is offering subsidies to boost the product demand across the country. For instance, “The Golden Sun Demonstration Project” is a subsidy on photovoltaic materials supporting PV electricity generation ventures, offering subsidies in the range of 50-70%. In terms of the rate paid per unit of electricity fed into a grid, France is expected to have the highest subsidy rate, followed by Germany and Italy. On the basis of product type, the building Integrated photovoltaics (BIPV) market can be segmented into the flat roof, pitched roof, façade, and glazing. Flat roofs are expected to emerge as the rapidly growing segment due to ease of installation and use. Demand for facades is gradually increasing over the years, as existing buildings can be revamped along with installing an added source of electricity generation.
In terms of the technology used, the building Integrated photovoltaics (BIPV) market is segmented into crystalline silicon technologies and thin-film technologies. The crystalline segment is further bifurcated into monocrystalline and multi-crystalline silicon. The thin film segment is further divided into Organic Photovoltaic, amorphous silicon, copper indium gallium selenide (CIGS), Dye-Sensitized Solar Cells (DSSCs), and Cadmium Telluride (CdTe). C-Si technology is expected to remain the dominant technology in terms of revenue share as it permits greater energy efficiency. However, thin films are expected to witness significant growth over the forecast period.
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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Curtain wall
- BIPV windows
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
The commercial and industrial sectors are expected to undergo extensive growth due to increasing commercialization and remodeling of office buildings. CIS Tower, an office skyscraper in the Manchester went through extensive renovation including the installation of the BIPV Panels on its facade. The residential segment characterized by multiplexes is yet to see significant demand and is expected to remain a niche segment. The rising fluctuations in the availability of power source are expected to restrain the industry growth. Since the energy derives power from the sun, it has to depend on alternative sources of energy at nights. Therefore, the product cannot be the sole electricity generator in a building and has to be backed by alternative sources of energy, resulting in additional financial costs. The industry also faces the challenge of high costs of installation and maintenance which cannot be borne by an increasing number of buildings. Additionally, integration with high-density urban design and conventional building architecture is a significant challenge. Thus, existing high-rise, commercial buildings are unable to integrate the product.
Europe is expected to be the dominating regional market in terms of revenue share owing to stringent environmental regulation laws and subsidies. The U.S. and Canada, in particular, are expected to witness significant growth over the forecast period owing to growing awareness about the product, technological innovation, and increasing awareness about energy conservation. Environment protection norms by the U.S. Environmental Protection Agency (EPA) are further expected to boost demand and awareness. Off-grid power sources in the rural areas of India and China are expected to drive growth in the Asia-Pacific region. The proliferating development in commercial sector has significantly influenced the demand, with low penetration in the industrial and residential segment.
The industry is dominated by a few players who have technological know-how and cost advantage. With widespread commercialization across the globe, BIPV is expected to be offer technologically advanced buildings such as Zero Energy Building (ZEB). Improvement in insulated, colored, and transparent products is expected to drive growth in the market over the forecast period.
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