Japan Building-integrated Photovoltaics Market Size & Outlook
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Japan building-integrated photovoltaics market highlights
- The Japan building-integrated photovoltaics market generated a revenue of USD 957.3 million in 2023 and is expected to reach USD 4,941.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 26.3% from 2024 to 2030.
- In terms of segment, roofs was the largest revenue generating application in 2023.
- Facade is the most lucrative application segment registering the fastest growth during the forecast period.
Building-integrated photovoltaics market data book summary
| Market revenue in 2023 | USD 957.3 million |
| Market revenue in 2030 | USD 4,941.1 million |
| Growth rate | 26.3% (CAGR from 2024 to 2030) |
| Largest segment | Roofs |
| Fastest growing segment | Facade |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Roofs, Curtain Walls, Glass, Facade |
| Key market players worldwide | AGC Inc, Nippon Steel Corp, Solaria Energia y Medio Ambiente SA, Eltek Ltd |
Other key industry trends
- In terms of revenue, Japan accounted for 4.1% of the global building-integrated photovoltaics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China building-integrated photovoltaics market is projected to lead the regional market in terms of revenue in 2030.
- Vietnam is the fastest growing regional market in Asia Pacific and is projected to reach USD 83.1 million by 2030.
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Building-integrated Photovoltaics Market Scope
Building-integrated Photovoltaics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Eltek Ltd | View profile | 333 | 20 Ben Zion Gelis Street, Sgoola Industrial Zone, Petach Tikva, Israel, 4927920 | https://www.nisteceltek.com |
| Solaria Energia y Medio Ambiente SA | View profile | 247 | C/ Princesa, 2 - 4 Planta, Madrid, Spain, 28008 | http://www.solariaenergia.com |
| AGC Inc | View profile | 61671 | 1-5-1, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8405 | https://www.agc.com |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
Japan building-integrated photovoltaics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to building-integrated photovoltaics market will help companies and investors design strategic landscapes.
Roofs was the largest segment with a revenue share of 72.89% in 2023. Horizon Databook has segmented the Japan building-integrated photovoltaics market based on roofs, curtain walls, glass, facade covering the revenue growth of each sub-segment from 2018 to 2030.
The high demand for BIPV-integrated walls and roofs and the rising use of such installations are expected to drive the market for BIPV in Japan over the forecast period. It is anticipated to expand in the wake of increased consumer spending on the installation of energy generation systems.
The market is dominated by the commercial installations of BIPV, with the segment expected to observe the highest growth over the forecast period. In addition, the demand for BIPV in residential applications is likely to be fueled by its rising adoption by consumers in this sector.
In December 2022, the Japan Photovoltaic Energy Association (JPEA) and the Tokyo Metropolitan Government together are creating new rules to encourage the growth of rooftop PV across Tokyo. The authorities aim to introduce mandatory PV requirements for new homes and buildings from 2025.
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Target buyers of Japan building-integrated photovoltaics market databook
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Our clientele includes a mix of building-integrated photovoltaics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan building-integrated photovoltaics market , including forecasts for subscribers. This country databook contains high-level insights into Japan building-integrated photovoltaics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan building-integrated photovoltaics market size, by application, 2018-2030 (US$M)
Japan Building-integrated Photovoltaics Market Outlook Share, 2023 & 2030 (US$M)
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