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Building Integrated Photovoltaic (BIVP) Market

Building Integrated Photovoltaic (BIVP) Market

Building Integrated Photovoltaic (BIVP) Market By Technology (Crystalline Silicon, Thin Film), By Application (Roofs, Walls, Glass, Façade), By End Use (Residential, Commercial, Industrial), By Regions - Global Review 2021 to 2031

Building Integrated Photovoltaic (BIVP) Market

Building Integrated Photovoltaic Market Forecast and CAGR

According to latest research by Fact.MR, building integrated photovoltaic market is set to witness steady growth during 2021-2031. Business is mainly driven by North America accounting for more than 25.4% value share by 2031. Substantial shift towards sustainable sources of energy such as solar power and the rising demand from the construction and electronics industries will aid the photovoltaic demand soar during the forecast period.

What is Driving Demand for Building Integrated Photovoltaic?

Photovoltaic systems being utilized during the construction of a building instead of conventional building material has sped up the development of the photovoltaic sales, owing to their expenditure reduction capabilities in construction.

Also, properties of solar-powered photovoltaics with respect to nonstop availability of power supply and one time investment has assisted the sales for building assimilated photovoltaic at global level.

Expanding inclination towards sustainable sources of energy, for example, solar power has stayed instrumental in driving the demand for building assimilated photovoltaic.

Solar power, being a rapidly growing source of energy, has seen critical progress in the construction business around the world, which is a vital possibility in the building integrated photovoltaic business.

Why Commercial Sector to Have Upper Hand in Building Integrated Photovoltaic Market?

The degree of adoption of building integrated photovoltaic in industrial sector is not as rapid as compared to the commercial sector. Although, the industrial sector is showing steady growth owing to awareness campaigns and innovations by key players.

Other factors providing major growth to the integrated photovoltaic systems for building application has been provided in detail in the report of Fact.MR.

US Building Integrated Photovoltaic Market Outlook

US is one of the largest markets for building integrated photovoltaic globally. As far as getting the silicon from electronic industry, this industry has been seeing an extreme rivalry due to developing interest in smartphones and laptops.

Besides, astounding technological advances associated with manufacturing technology and product development are two significant variables which are relied upon to fuel the development of the photovoltaic market.

US building integrated photovoltaic sales will also be impacted by the construction sector recovery in 2021. The US construction sector faces a challenging year, however, there is growing optimism that low mortgage rates will lead to a spurt in early 2022. The momentum is likely to hold ground, which will provide an impetus to a range of construction materials, including photovoltaic system.

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Europe Demand Outlook for Building Integrated Photovoltaic

Europe is the most dominant region due to supportive legislations associated with building integrated photovoltaic market and surging number of incentives to strengthen the construction industry. It has been observed that the least revenue share comes from the industrial building and the maximum income share comes from the commercial building sector. Great opportunities lie ahead in photovoltaic systems sales.

Lately, it has also been observed that the industrial building sector is growing steadily due to exemplary progress of prominent players as well as rising number of awareness programs. The requirement of high amount of investment at initial level hinders the adoption of photovoltaic system in industrial building sector.

Who are the Key Manufacturers and Suppliers of Building Integrated Photovoltaic?

Some of the leading manufacturers and suppliers of building integrated photovoltaic include

  • Scheuten Solar Holding
  • First Solar
  • Heliatek
  • Sharp
  • Ertex Solar
  • Suntech Power Holdings
  • Ascent Solar Technology
  • Dyesol
  • Trina Solar
  • Centrosolar
  • Yingli Green Energy Holding
  • Others

Every building integrated photovoltaic manufacturer has its own network for sales. Key players in this business follow organic growth strategy for enhancing their sales through retail stores, distributors or partners. Photovoltaics for building application manufacturers often invest on their marketing channel infrastructure every year to ensure better sales revenue generation.

Recently, the partnership between Asahi Glass and Ubiquitous Energy will propel the growth of the photovoltaic systems for building shipment. This will lead to the development of innovative solutions in the competitive landscape using state of the art technologies owing to the omnipresence of solar power.

An Adaptive Approach to Modern-day Research Needs

Building Integrated Photovoltaic Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Key Segments

By Technology

  • Crystalline Silicon
    • Multicrytalline silicon
    • Monocrystalline silicon
  • Thin Film
    • Dye sensitized solar cells
    • Copper indium gallium selenide
    • Organic photovoltaic
    • Amorphous silicon
    • Cadmium telluride
  • Others

By Application

  • Roofs
  • Walls
  • Glass
  • Facade
  • Others

By End Use

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • Benelux
    • Russia
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia
    • India
    • Thailand
    • Malaysia
    • Indonesia
    • Rest of South Asia
  • Oceania
    • Australia
    • New Zealand
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • South Africa
    • Rest of Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

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