Building Integrated Photovoltaics Market: The Future of Green Power - PowerPoint PPT Presentation

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Building Integrated Photovoltaics Market: The Future of Green Power


The global building integrated photovoltaics market was valued at $10796.20 million in 2022, CAGR of 16.84% during the forecast period, 2023-2032 – PowerPoint PPT presentation

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Date added: 8 February 2023
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Title: Building Integrated Photovoltaics Market: The Future of Green Power

Building Integrated Photovoltaics Market The
Future of Green Power With the transition to
sustainable living, investors, businesses, as
well as governments are looking for the most
abundant energy resources in order to effectively
achieve energy-efficiency goals. In this regard,
building integrated photovoltaics (BIPV) is a
remarkable solution gaining significant
popularity and traction within the solar world.
According to Inkwood Researchs estimates, the
global building integrated photovoltaics market
is projected to grow with a CAGR of 16.84 during
the forecast period of 2023-2032, capturing a
revenue of 48660.38 million by 2032. Building
integrated photovoltaics (BIPV) are defined as
solar power generating systems or products that
can be seamlessly integrated into parts of
building components, such as windows, roofs, and
façades, as well as the building envelope. In
addition to generating on-site clean electricity
without the need for supplementary land area,
building integrated photovoltaics can also
influence a structures energy consumption by
means of reduced cooling loads and daylight
BIPV From Sustainable Construction to Green
Aesthetics Since buildings consume substantial
amounts of energy, their transformation from
energy users to producers has led to an
increasing interest in the optimization of energy
share. And this factor, in turn, leads to a rise
in energy efficiency as well as environmental
protection measures. Varieties of solar
technologies are largely recognized as clean with
minimal greenhouse gas emissions. They also
contribute to the efforts towards climate change
mitigation via a direct reduction in CO2
  • Accordingly, as per a study conducted by Shukla
    et al., solar energy can be harnessed through a
    range of advanced technologies, such as solar
    heating, solar thermal energy, solar
    architecture, artificial photosynthesis, and
    building-integrated photovoltaic (BIPV). Aligning
    with this, building integrated photovoltaic
    technology is increasingly becoming one of the
    most efficient approaches in terms of harvesting
    renewable energy for buildings in the quest to
    reduce the energy crisis.
  • BIPV is the next phase of the solar market,
    says Danial Hadizadeh, the CEO of Mitrex -
    Integrated Solar Technology. The key applications
    of BIPV technology enable photovoltaic modules to
    serve several purposes, such as façades, thermal
    insulators, weather protectors, noise protectors,
    and roofing. Inkwood Researchs expert analysis
    suggests that roofing was the dominating
    application in 2022. The segment is expected to
    follow a similar growth trend during the forecast
    years of 2023 to 2032, capturing the highest
    share of 55.24 by 2032.
  • The diverse advantages of using BIPV solutions,
    such as energy storage at night from daylight
    generation and the production of clean energy
    during the day, grant novel opportunities for
    building designers as well as architects to
    enhance a buildings visual and aesthetic
    appearance. Likewise, building owners also have
    the added benefit of reducing utility expenses
    while creating a positive image by remaining
    green and sustainable.
  • The Integral Role of Market Contenders in
    Boosting BIPV Adoption
  • According to the International Journal of
    Photoenergy, the semi-transparent integrated PV
    is the most widely used BIPV solution in windows,
    facades, and greenhouses. Its adoption is
    accredited to the fact that the technology
    enables natural light to enter the building while
    generating electricity, thus accounting for the
    most promising future energy system within the
    urban realm.
  • Leading players operating in the global BIPV
    market, such as Ertex Solar Technik GmbH
    (Austria), Saule Technologies (Poland), MetSolar
    (Lithuania), etc., are increasingly focusing on
    providing innovative, semi-transparent
    photovoltaic modules, thus boosting their
  • Some of the key developments in this regard are
    as follows
  • The semi-transparent BIPV module glass
    manufactured by MetSolar entails standard,
    glass/backsheet, glass/glass BIPV solar panel
    options with variations in size, shape, and
    transparency for seamless integration and
    blending design.
  • In collaboration with key companies like Skanska
    and Ergis, Saule Technologies first A4- sized,
    flexible perovskite solar module on an ultrathin
    plastic foil is inkjet-printed.
  • Ertex Solar Technik GmbH, on the other hand,
    offers a wide range of cells, including
    polycrystalline, high-efficiency,
    monocrystalline, as well as semi-transparent
  • China An Emerging, Solid Foundation for BIPV
  • As per the International Energy Agency (IEA),
    solar PV manufacturing capacity across the globe
    has increasingly moved from Europe, Japan, and
    the United States to China over the last ten
    years, and presently, the latter dominates the
    solar PV supply chains across the world. This
    raises an important question
  • What Contributes to Chinas Remarkable Growth in
    the BIPV Market?
  • China invested around 50 billion in new PV
    supply capacity, as per the IEA, accounting for

over ten times higher than Europe. Subsequently,
this factor has also created over 300,000
  • manufacturing employment opportunities across the
    solar PV value chain since the year 2011.
  • Moreover, government policies in the country have
    also shaped the global demand, supply, and price
    of solar photovoltaics over the last decade.
    Chinese industrial policies concentrating on
    growing domestic demand as well as on solar PV as
    a strategic sector have also facilitated
    unremitting innovation across the supply chain.
  • For instance, under the National Energy
    Administration, 2013, solar and wind power plants
    in China may be eligible for a three-year
    exemption from income tax, with a 50 reduction
    of income tax for up to another three years.
  • The nation also formulated a policy that will
    require all new buildings to conform to
    Chinese-specific energy guidelines modeled after
    LEED specifications.
  • This policy is combined with a recent government
    initiative (Policy Roadmap to 50 Energy
    Reduction in Chinese Buildings by 2050) to
    rebuild 50 of the residential
  • high-rise buildings in order to make them modern,
    energy-efficient and functional.
  • Furthermore, within the global building
    integrated photovoltaics market, the residential
    segment under the end-user category is estimated
    to grow with a 16.88 CAGR between 2023-2032
    (Source Inkwood Research)
  • In addition to housing some of the leading
    suppliers of solar photovoltaics manufacturing
    equipment, China has also been instrumental in
    plummeting solar PV costs across the globe,
  • with manifold benefits for clean energy
  • Currently, Chinas share within all the
    production stages of solar panels, including
    cells, modules, and ingots, exceeds a whopping
    80 more than double the countrys share of
    global PV demand. (Source IEA)
  • These aspects contribute toward Chinas ranking
    as the highest-revenue-generating country in the
    Asia-Pacific building integrated photovoltaics
    market, with an approximate share of 41.21 by
  • Such aspects, therefore, point to the remarkable
    growth of solar energy utilization. Consequently,
    it provides lucrative market opportunities for
    solar manufacturers as well as building envelope
    industries. Moreover, technological advancements
    linked to energy efficiency are further paving
    the way for the broader adoption of BIPV
    solutions. This will be integral to boosting the
    dynamics of the global building integrated
    photovoltaics market growth during the forecast
  • Frequently Asked Questions (FAQs)
  • What is crystalline silicon?
  • A Crystalline silicon is the predominant
    semiconducting material utilized in photovoltaic
    (PV) technology for manufacturing solar cells.
  • What are the main applications of building
    integrated photovoltaics?
  • A The main applications of building integrated
    photovoltaics include roofing, facades, glazing,
    and architectural shading.
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