| Study Period | 2019 - 2030 |
| 2024 Market Size | USD 13.6 Billion |
| 2025 Market Size | USD 15.7 Billion |
| 2030 Forecast | USD 32.9 Billion |
| Growth Rate (CAGR) | 15.8% |
| Largest Region | Europe |
| Fastest Growing Region | Asia-Pacific |
| Nature of the Market | Fragmented |
| Largest End User Category | Residential |
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The building-integrated photovoltaics market is expected to reach an estimated USD 13.6 billion in 2024, and rising at a CAGR of 15.8% from 2024 to 2030, it is projected to hit USD 32.9 billion by 2030.
A building-integrated photovoltaic (BIPV) system is an array of solar power producing panels that are integrated into a building’s components themselves, rather than being a separate installation. It serves a dual purpose, therefore becoming an integral part of the overall structure of the building. BIPV enables onsite electricity production, which reduces the dependence on offsite sources for electricity supply and reduces the risks with long-distance energy transmission. Onsite production also improves the efficiency of the energy grid and lessens energy loss. It also decreases the financial burden on the entire electricity supply system, including costs related to energy generation and distribution. Additionally, it reduces emissions considerably, by producing carbon-free power for onsite consumption.
BIPV systems demonstrate superior energy efficiency and are an inexhaustible renewable energy solution, thereby witnessing an increasing demand owing to the shifting mindset toward sustainability and energy conservation. The environmental concerns over the incessant carbon emissions necessitate clean energy harnessing systems.
It has become important to integrate solar energy solutions into infrastructure in order to reduce the carbon footprint. The depletion of limited non-renewable resources, such as fossil fuels, is necessitating the adopting of clean energy generating systems. The BIPV market is driven by the growing demand for these products in residential, commercial, and industrial buildings. They can be integrated into various components of the building, such as façade, roof, wall, and glass, as well as installed on building envelope elements, incorporating thermal insulation, weather protection, natural light, noise protection, and safety.
Essentially, BIPV demand is growing owing to the increasing construction activity and rapid urbanization, because of the mounting population, its high disposable income, and its increasing requirements for living and commercial space. Building-integrated photovoltaics are sustainable solutions offering clean energy, thereby aligning with the growing awareness of zero-emission buildings. The eco-friendly aspect of building-integrated photovoltaics has significantly influenced the decisions of consumers, leading to a shift in the preference toward zero-emission green residential infrastructure.
The numerous initiatives undertaken by governments for clean energy generation catalyze the growth of the BIPV market. The increasing ecological concerns and focus on abating an energy crisis have let to the implementation of various schemes to promote net-zero energy buildings, hence driving the adoption of BIPV technologies.
For example, the Indian Ministry of New & Renewable Energy’s Grid Solar Power Division has launched the National Programme on High Efficiency Solar PV Modules. Under this scheme, the government has sanctioned INR 14,007 crore to 11 companies to manufacture PV modules totaling 39,600 MW in power generation capacity. Such moves are expected to bring in INR 93,041 crore in investments.
BIPV holds immense potential in India’s extensive infrastructure development strategies, considering the growing consciousness around the importance of reducing the environmental impact, achieving decarbonization, and driving down energy costs.
Furthermore, the Indian government’s building accreditations, such as the Green Rating for Integrated Habitat Assessment (GRIHA) and Leadership in Energy and Environmental Design (LEED), encourage green infrastructure development. This promotes the use of renewable energy solutions, hence making BIPV a financially attractive option. The responsible choices of buyers and the inclination toward integrated installation propel various real estate development companies to adopt these resource-efficient and ecologically beneficial technologies.
The technologies analyzed in this report are:
The rooftop category dominates the market with a revenue of 55% in 2024.
The optimum usage of underutilized roof space for solar power generation considerably reduces the electrical load on buildings, thereby reducing the carbon footprint and energy bills. Apart from the requirement for efficient space utilization, the rising demand for aesthetically appealing houses and retail stores contributes to the emerging BIPV applications.
Façade has the highest CAGR, of 17%, during the forecast period. The expanding urbanization and establishment of more commercial structures are leading to an increase in the use of BIPV façades. They are not only long-standing and cost-effective but also environmentally prudent.
The applications we have evaluated are:
The residential sector dominates the end use segment of the BIPV market with a share of 60% in 2024.
The incentives, tax incentives, and subsidies granted by governments make BIPV more appealing to people. For instance, the Solar Rooftop Programme initiated by the Indian government aims to connect households across India to renewable energy sources and promote sustainable practices through the installation of rooftop solar panels. This government subsidy will cover 40% of the installation cost of solar panels, helping low- and middle-income households get free electricity and sell the extra to utility companies.
The demand is also driven by the increasing scope of architectural integration and aesthetic flexibility that BIPV façades, rooftops, and walls provide, along with energy independence.
The commercial sector is the fastest-growing category, with a CAGR of 15% during 2024–2030. This is attributed to the multifaceted benefits of BIPV for commercial spaces, including energy savings, net-zero emissions, and low electricity expenses. Since commercial spaces are large and consume more energy than houses, BIPV solutions are ideal for them to reduce their operating expenses.
The end uses analyzed in this report are:
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The geographical breakdown of the market is as follows:
The market for building-integrated photovoltaics is fragmented. The possibility for a diverse range of applications, including photovoltaics-integrated rooftops, walls, glass, and windows, results in various companies specializing in different products and integration methods. The constantly evolving solar energy generating technologies lead to the emergence of new players, further fragmenting the market.
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