Global Building Integrated Photovoltaics Market Expected to Reach USD 116.2 Billion by 2033 - IMARC Group

November 28, 2024 | Chemical & Materials

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Global Building Integrated Photovoltaics Market Statistics, Outlook and Regional Analysis 2025-2033

The global building integrated photovoltaics market size was valued at USD 26.9 Billion in 2024, and it is expected to reach USD 116.2 Billion by 2033, exhibiting a growth rate (CAGR) of 15.76% from 2025 to 2033.

Building Integrated Photovoltaics Market

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The growing focus on renewable energy integration within building designs is stimulating advancements in the building-integrated photovoltaics market. Also, rising environmental awareness, coupled with stringent government policies for sustainable construction, is catalyzing the adoption of innovative solar technologies. For example, in October 2024, Trinasolar Evergreen, a unit of Trina Solar, launched four BIPV products, including solar tiles, industrial walls, PV noise barriers, and colored PV glass. These products incorporate TOPCon solar cell technology with up to 21.9% efficiency, targeting public, industrial, and infrastructure applications. Furthermore, these launch highlights the growing role of building-integrated photovoltaics solutions in addressing both energy efficiency and aesthetic demands in modern architecture, which is significantly enhancing the value proposition of green building practices.

In line with this, the market's momentum is also supported by the development of adaptable, high-efficiency building-integrated photovoltaics solutions suited for diverse applications. For instance, DAH Solar introduced a 380 W BIPV module with up to 19.46% efficiency and customizable colors in May 2024. This product is designed for roofs and curtain walls, includes IP68-rated TOPCon cells and a 30-year power guarantee, reflecting the market focus on durability and long-term performance. At the same time, regional advancements are strengthening significant market changes. For instance, YKK AP and Kandenko formed a business alliance to create BIPV solutions using perovskite solar cells in May 2024. These solutions address Japan’s spatial constraints by promoting inner-window and spandrel-embedded curtain wall technologies, thereby aligning with the nation’s carbon neutrality goals. Overall, these innovations underline the global and regional efforts fostering adoption, transforming building design with renewable energy integration, and paving the way for a sustainable future.

Global Building Integrated Photovoltaics Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. According to the report, Europe dominates the building integrated photovoltaics market due to its strong commitment to renewable energy adoption and supportive regulatory frameworks.

North America Building Integrated Photovoltaics Market Trends:

In North America, the adoption of net-zero energy buildings is accelerating the demand for building-integrated photovoltaics. In the United States, advancements in thin-film solar technology are driving installations in residential and commercial sectors. For instance, California's stringent energy efficiency laws promote solar-integrated roofs. Meanwhile, developers are increasingly incorporating BIPV facades in urban centers to meet energy efficiency standards.

Europe Building Integrated Photovoltaics Market Trends:

Europe is the dominating region in the market due to its strong commitment to renewable energy adoption and advancements in sustainable construction practices. Also, the region's focus on achieving carbon neutrality by 2050 and integrating green technologies into building designs drives significant demand for BIPV systems. Likewise, in September 2024, the recent launch of the AluPV project by Germany's Fraunhofer CSP highlights Europe's leadership in this field. Collaborating with Baltic Renewable Partners and others, the project aims to integrate PV modules with aluminum facades, develop lightweight profiles, and enhance modular systems for scalable adoption.

Asia Pacific Building Integrated Photovoltaics Market Trends:

Asia Pacific sees rapid growth in building integrated photovoltaics due to rising urbanization and renewable energy goals. In Japan, their panels are being integrated into high-rise buildings to address space constraints and energy demands. Furthermore, Tokyo's government-led initiatives for sustainable construction further propel in building integrated photovoltaics in residential and commercial projects, driving widespread adoption.

Latin America Building Integrated Photovoltaics Market Trends:

In Latin America, building integrated photovoltaics adoption is fueled by the growing energy independence initiatives and abundant sunlight. Brazil is a key market where solar-integrated facades are increasingly popular in commercial buildings. Also, cities like São Paulo are leveraging BIPV to align with sustainability goals and reduce grid dependence, contributing to the market's expansion.

Middle East and Africa Building Integrated Photovoltaics Market Trends:

The Middle East and Africa is leveraging BIPV for sustainable construction in extreme climates. In the UAE, iconic projects like the Dubai Sustainable City feature BIPV roofing solutions that combine aesthetics with solar efficiency. Furthermore, the rising awareness and investments in green construction technologies drive market growth across the region.

Top Companies Leading in the Building Integrated Photovoltaics Industry

Some of the leading building integrated photovoltaics market companies include Ankara Solar AS, Ertex Solartechnik GmbH, Viasolis, Hanergy Holding Group Ltd., HermansTechniglaz, ISSOL sa, Sphelar Power Corporation, Navitas Green Solutions Pvt. Ltd., NanoPV Solar Inc., and Polysolar Ltd., among many others. In March 2023, Sphelar Power Corporation established a method for measuring the power generation performance of spherical solar cells (I-V characteristic measurement) as a Japanese Industrial Standard (JIS). The new standard will expand the utilization of spherical cells in commercial products, including BIPV.

Global Building Integrated Photovoltaics Market Segmentation Coverage

On the basis of the product type, the market has been bifurcated into polycrystalline, thin film, and others, wherein polycrystalline represents the most preferred segment. Polycrystalline silicon, also known as multi-crystalline silicon or polysilicon, is widely used in BIPV. They are typically less expensive to produce than monocrystalline PVs, which makes them a more cost-effective option, especially for larger installations.
Based on the application, the market is categorized into roof, facades, glass, and others. Among these, roof exhibits a clear dominance in the market. Installing BIPVs on the roof is easier and less disruptive to the building's design and occupants. Roof-integrated photovoltaics can also contribute to the overall energy efficiency of a building.
On the basis of the end use, the market has been divided into commercial, residential, and industrial. Among these, commercial exhibits a clear dominance in the market. Commercial buildings usually have larger roof areas and facades compared to residential buildings, providing ample space to install BIPV systems.

Report Features	Details
Market Size in 2024	USD 26.9 Billion
Market Forecast in 2033	USD 116.2 Billion
Market Growth Rate 2025-2033	15.76%
Units	Billion USD
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Product Type Application End Use Region
Product Types Covered	Polycrystalline, Thin Film, Others
Applications Covered	Roof, Facades, Glass, Others
End Uses Covered	Commercial, Residential, Industrial
Regions Covered	Europe, North America, Asia Pacific, Middle East and Africa, Latin America
Companies Covered	Ankara Solar AS, Ertex Solartechnik GmbH, Hanergy Holding Group Ltd., HermansTechniglaz, ISSOL sa, Navitas Green Solutions Pvt. Ltd., NanoPV Solar Inc., Polysolar Ltd., Sphelar Power Corporation and VIASOLIS
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Building Integrated Photovoltaics Market Expected to Reach USD 116.2 Billion by 2033 - IMARC Group

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