Dublin, April 18, 2023 (GLOBE NEWSWIRE) -- The "Building Integrated Photovoltaics (BiPV): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Building Integrated Photovoltaics (BiPV) Market to Reach $83.3 Billion by 2030
The global market for Building Integrated Photovoltaics (BiPV) estimated at US$17.7 Billion in the year 2022, is projected to reach a revised size of US$83.3 Billion by 2030, growing at a CAGR of 21.4% over the analysis period 2022-2030.
C-Si, one of the segments analyzed in the report, is projected to record a 21% CAGR and reach US$58.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Thin Film segment is readjusted to a revised 23.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 25.4% CAGR
The Building Integrated Photovoltaics (BiPV) market in the U.S. is estimated at US$2.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$17.9 Billion by the year 2030 trailing a CAGR of 25.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.8% and 20.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 21.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.8 Billion by the year 2030.
Looking Ahead to 2023
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth.
Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 591 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $17.7 Billion |
| Forecasted Market Value (USD) by 2030 | $83.3 Billion |
| Compound Annual Growth Rate | 21.4% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- BIPV Market Looks Up Post Pandemic Scare
- Competitive Scenario: BIPV Market Characterized by High Degree of Fragmentation
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- BIPV Set to Resume Progressive Gains in Post COVID-19 Environment: Outlook
- Key Challenges and Future Prospects of BIPV
- Factors Driving Growth in BIPV Market
- Image of BIPV as an Economically Viable, Multifunctional, Renewable Energy Source for Buildings to Stir Future Opportunities
- Developed Countries Lead Market, Developing Economies to Spearhead Future Growth
- DOE Issues RFI for Gathering Input on BIPV Systems
- Germany's Achievement of Climate Neutrality through BIPV
- Analysis by Technology Type
- C-Si: Primary Technology Vertical in the BIPV Domain
- Thin Film Technology Set to Make Robust Gains
- Analysis by Application Type
- Roofing Remains the Largest Application Segment for BIPV Market
- With Solar Roofing Shingles & Tiles Gaining Popularity, Roofing Set to Solidify its Dominant Position
- Glass Emerges as High Growth Application Segment
- BIPV Walls to Seek Widen Addressable Market
- Facades: Niche Application Area
- Introduction to Building Integrated Photovoltaics (BIPV)
- Advantages and Disadvantages of BIPVs
- An Insight into BIPV Technologies
- Cell and Module Efficiency of Commercial PV Technologies: A Comparison
- Comparison between Crystalline Silicon and Thin Film Technologies
- Comparison Chart of Solar Cell Efficiencies for Crystalline Silicon and Thin Films with respect to Temperature
- BIPV Applications
- Merits & Demerits of BIPV Products in Various Applications
- Recent Market Activity
MARKET TRENDS & DRIVERS
- BIPV Steadily Moving from Niche to Mass Market
- Energy Collation Scope of BPV
- Factors Influencing Future Market Development
- Emphasis on Energy-Efficient, Green, LEED Buildings Builds Fertile Environment for BIPV Market
- Relevance of Zero Energy Building Constructions Bodes Well for Future Growth
- Leading to Net Positive Construction
- Smart City, the New Urban Infrastructure Model, to Steer Next Wave of Growth in BIPV Market
- Sustained Rise in Global Electricity Demand Creates Conducive Scenario for Wider Uptake of BIPV Solutions
- BIPV Market Stands to Gain from Growing Focus on Renewable Energy Sources
- Targets for Electricity Production from Renewable Energy Sources in Select Countries
- With Solar Energy Emerging as Reliable Renewable, BIPV Anticipates Parallel Momentum
- Top 10 Countries Worldwide by Annual PV Installed Capacity
- Top 10 Countries Worldwide by Cumulative PV Installed Capacity in in GW
- Government Participation in Boosting Solar Energy Uptake Elevates Momentum in BIPV Domain
- Future Prospects Remain Favorable Amid Growing Population & Urbanization Drive
- Industrial Sector: Largest Revenue Contributor
- Fast Paced Growth Anticipated in Commercial Buildings Vertical
- Advantages and Disadvantages of BIPV Usage in Buildings
- BIPV Solutions Remain Highly Relevant in Residential Buildings
- Besides New Installations, High-Growth Opportunities Exist for BIPV in Retrofit Market
- Retrofit Opportunity in Government, Prestige, & Historic Buildings Verticals
- Technology Advancements & Product Innovations Widen Addressable Market for BIPV Solutions
- Advanced R&D Efforts Bring Forth BIPV-T Solar Roofing Technology
- Colored Photovoltaic Continue to Gain Traction in BIPV R&D Programs
- Customized PV Systems Emerge as New R&D Focus Area
- Sonnenstromfabrik Brilliant PV Modules
- IRIG Develops Self-Adjusting BIPV Panels
- Meyer Burger's SmartWire Connection Technology (SWCT)
- Metal Wrap Through (MWT) Technology
- Passivated Emitter and Rear Cell (PERC) Technology
- Organic Solar PV Cells
- DysCrete Building Material
- Solar Cloth PVs
- Perovskite Materials
- A Glance at BIPV-Related Standards & Codes
- International Electrotechnical Commission (IEC) Standards
- Underwriters Laboratory (UL) Standards
- Growth Barriers & Restraints
FOCUS ON SELECT PLAYERS (Total 98 Featured)
- Ascent Solar Technologies, Inc.
- Canadian Solar, Inc.
- First Solar, Inc.
- Greatcell Energy Limited
- Hanergy Holding Group Ltd.
- Hanwha Q CELLS Co., Ltd.
- Heliatek GmbH
- Sharp Corporation
- The Solaria Corporation
- Trina Solar
- Wuxi Suntech Power Co., Ltd.
- AGC Inc.
- BELECTRIC GmbH
- CertainTeed Corporation
- Dow Inc.
- ML SYSTEM S.A.
- NanoPV Solar Inc.
- Onyx Solar Group LLC
- Scheuten Glas Nederland B.V.
- Toledo Solar Inc.
For more information about this report visit https://www.researchandmarkets.com/r/abka2w
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