Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
Related Topics
Truck Rental and Leasing Market Size Roll-Your-Own Tobacco Products Market Size Agricultural Tractors Market Size Jade Glass Market SizeGlobal Building-Integrated Photovoltaics Market Size to worth USD 160.47 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Building-Integrated Photovoltaics Market Size is Expected to Grow from USD 24.04 Billion in 2023 to USD 160.47 Billion by 2033, at a CAGR of 20.91% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Building-Integrated Photovoltaics Market Size, Share, and COVID-19 Impact Analysis, By Technology (Thin-Film Solar Cells, Crystalline Silicon Solar Cells, and Building-Integrated Photovoltaics), By Application (Residential Buildings, Commercial Buildings, and Industrial Buildings), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The industry that produces and supplies solar energy solutions that are seamlessly incorporated into building elements including roofs, facades, windows, and skylights is known as the building incorporated photovoltaics (BIPV) market. In addition to producing power, BIPV systems enhance a building's structural soundness and visual appeal. These systems employ solar energy for on-site consumption, which lowers energy expenditures and greenhouse gas emissions. The adoption of green building rules that encourage zero-energy building design and the quickening shift to renewable energy sources are driving the growth of the global building integrated photovoltaics market. Rising demand for visually appealing and energy-efficient building facades, growing consumer awareness of renewable energy sources, real estate developers' increased emphasis on green construction, and favorable government policies and incentives supporting solar power generation are some of the key trends driving the market's expansion. Solar energy offers numerous advantages over traditional fossil fuels, but its large-scale adoption has been hindered by high upfront capital costs. Building integrated photovoltaics (BIPV) offers a promising solution by integrating solar panels into building infrastructure during construction. This eliminates additional costs and effort of setting up panels separately, making BIPV solutions increasingly cost competitive compared to traditional solar power projects. However, the global building integrated photovoltaics (BIPV) market faces challenges due to high initial costs, innovative designs, and government incentives.
The thin-film solar cells segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the technology, the building-integrated photovoltaics market is classified into thin-film solar cells, crystalline silicon solar cells, and building-integrated photovoltaics. Among these, the thin-film solar cells segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Thin-film solar cells are photovoltaic materials that are less expensive to manufacture than traditional silicon-based panels due to their use of less material. They are commonly used in residential building projects due to their affordability, making them a popular choice for those on a budget.
The residential buildings segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the building-integrated photovoltaics market is divided into residential buildings, commercial buildings, and industrial buildings. Among these, the residential buildings segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This is due to the growing popularity of solar panel installation on residential facades and rooftops as a way to get renewable energy.
North America is estimated to hold the largest share of the building-integrated photovoltaics market over the forecast period.
North America is estimated to hold the largest share of the building-integrated photovoltaics market over the forecast period. North America's BIPV market is growing due to government incentives, energy-efficient building practices, and sustainability awareness. The region's advanced technology and investment in research drive growth. Rising residential and commercial construction projects and green buildings contribute to the demand. As stricter energy regulations are implemented, the market will continue to expand, positioning North America as a key player in the global transition towards sustainable energy solutions.
Asia Pacific is predicted to have the fastest CAGR growth in the building-integrated photovoltaics market over the forecast period. China and Japan are major consumers of BIPV, with China's construction sector and rapid urbanization promoting its use in infrastructure projects. Japan's focus on renewable energy and the presence of major solar panel manufacturers like Trina Solar and JinkoSolar expand the Asia Pacific market.
Competitive Analysis
Major key players in the building-integrated photovoltaics market include Sika AG, Tesla, Inc., Solaria Corporation, SunPower Corporation, First Solar, Inc., JinkoSolar Holding Co., Ltd., Hanwha Q CELLS, BASF SE, Canadian Solar Inc., LG Electronics, Kyocera Corporation, Trina Solar Limited, Sharp Corporation, REC Group, GAF Energy, Onyx Solar, Wacker Chemie AG, SolarWorld Industries, Renesola Ltd., and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the building-integrated photovoltaics market based on the below-mentioned segments:
Global Building-Integrated Photovoltaics Market, By Technology
Global Building-Integrated Photovoltaics Market, By Application
Global Building-Integrated Photovoltaics Market, By Regional Analysis
Apr 2025 - The Global Metal and Ceramic Injection Molding Market Size is Expected to Grow from USD 37.89 Billion in 2023 to USD 65.31 Billion by 2033, at a CAGR of 5.60% during the forecast period 2023-2033.
Apr 2025 - The Global Antimony Market Size is Expected to Grow from USD 2.29 Billion in 2023 to USD 4.20 Billion by 2033, at a CAGR of 6.25% during the forecast period 2023-2033.
Apr 2025 - The Global Lithium-Ion Battery Dispersant Market Size is Expected to Grow from USD 0.787 Billion in 2023 to USD 2.694 Billion by 2033, at a CAGR of 13.09% during the forecast period 2023-2033.
We have received your message and would like to thank you for writing to us. If your inquiry is urgent, please use the telephone number listed below to talk to one of our staff members. Otherwise, we will reply by email as soon as possible.
+1 303 800 4326 +91 9561448932 emailsales@sphericalinsights.com
