Building-integrated Photovoltaics Facade Market Size, Share & Trends Analysis Report By Type (Thin Film, Crystalline Materials), By End Use (Residential, Commercial, Utility), By Region, And Segment Forecasts, 2024 - 2030

Report Overview

The building-integrated photovoltaics facade market size was valued at USD 2.79 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 31.4% from 2024 to 2030. Market growth worldwide is driven by the growing demand for renewable energy, intensifying environmental concerns, and increased government support through incentives and schemes. As a result, the adoption of sustainable construction practices is gaining momentum, fostering the adoption of BIPV facades in the construction industry.

The global BIPV market is witnessing significant growth, driven by the increasing demand for environment-friendly and zero-emission buildings. The emphasis on renewable energy has led to a surge in the adoption of solar energy systems, particularly in residential areas, as consumers become more aware of the environmental benefits of BIPV.

The commercial sector is also expected to play a crucial role in driving market growth, as businesses seek to optimize their architecture and reduce energy consumption. The rapid advancements in the construction and building industry are also contributing to the expansion of the BIPV market. Moreover, supportive government policies and initiatives aimed at reducing carbon emissions are further encouraging the adoption of BIPV.

The integration of photovoltaics into facades is expected to increase in the coming years, driven by government subsidies and electricity sharing initiatives. Moreover, the aesthetic appeal and variety of tailored options available in the market are also driving the use of BIPV in building facades. As a result, the BIPV market is poised for significant growth, with numerous opportunities for businesses and individuals to capitalize on the trend towards sustainable construction practices.

Type Insights

Crystalline materials dominated the market and accounted for a share of 82.3% in 2023, driven by the exceptional durability of BIPV systems in challenging weather conditions and robust structure. Moreover, the declining cost of crystalline silicon cells will lower installation costs, making BIPV a more viable option for building owners.

Thin film segment is expected to register the fastest CAGR of 33.1% during the forecast period due to rapid technological advancements in product development. Thin film BIPVs are particularly suited for applications where weight constraints exist, offering a viable solution for building integration. Its flexibility also enables installation on curved surfaces, providing a competitive advantage.

End Use Insights

The commercial & industrial segment accounted for the largest market revenue share of 45.0% in 2023 due to the growing recognition of eco-friendly infrastructure that produces no emissions. BIPV installations enhance the visual attractiveness of commercial buildings and result in significant cost savings on power usage, leading to increased adoption within the commercial sector.

The utility segment is projected to grow at the fastest CAGR of 31.7% over the forecast period.Governments worldwide have enforced strict targets and objectives regarding renewable energy to decrease carbon emissions and support sustainable energy options. This has generated a high need for BIPV solutions. Countries are investing in renewable energy projects such as BIPV facades to reach carbon neutrality goals. Moreover, BIPV facades produce renewable energy at the location, decreasing dependence on grid electricity and energy expenses for utility companies.

Regional Insights

Europe building-integrated photovoltaics facade market led the global building-integrated photovoltaics facade market with a revenue share of 39.8% in 2023. The market is expanding as customers increasingly prioritize green practices, driven by stricter environmental regulations and growing demand for energy-efficient buildings. Germany and Italy are at the forefront of adopting solar energy, leading to a higher adoption of BIPV solutions, which will drive market growth in the coming years.

Germany Building-integrated Photovoltaics Facade Market Trends

The building-integrated photovoltaics facade market in Germany dominated the Europe building-integrated photovoltaics facade market in 2023.Germany has been a leader in renewable energy adoption, particularly in solar power. The government has implemented various policies and incentives, including subsidies and feed-in tariffs, to promote BIPV adoption. Germany’s strong research and development infrastructure has driven advancements in BIPV technology, enhancing efficiency, aesthetics, and integration capabilities.

North America Building-integrated Photovoltaics Facade Market Trends

The North America building-integrated photovoltaics facade market was identified as a lucrative region in 2023. Strong demand for visually appealing solar energy systems in buildings, fueled by rising construction activities, is expected to drive BIPV sales. The US and Canada are key drivers of market growth in North America, contributing to the overall expansion of the region’s BIPV market.

The building-integrated photovoltaics facade market in the U.S. is expected to grow rapidly in the coming years. The U.S. residential sector is poised to drive demand for BIPV installations, fueled by a growing consumer base with high disposable income and a preference for integrated solutions in both residential and commercial buildings. This trend is expected to accelerate demand in the future, presenting opportunities for market growth.

Asia Pacific Building-integrated Photovoltaics Facade Market Trends

The Asia Pacific building-integrated photovoltaics facade market is anticipated to witness the fastest growth of 32.2% over the forecast period. Governments in the Asia Pacific region are increasingly promoting renewable energy through policies and incentives, driving demand for solar power. The region’s booming construction industry provides opportunities to integrate BIPV solutions into new buildings and renovations, fueling market growth. Rising energy demand from increasing populations and economic expansion further supports market expansion.

The building-integrated photovoltaics facade market in China held a substantial market share in 2023.China, Japan, and South Korea have implemented measures promoting solar power, enhancing the financial viability of BIPV solutions. This boosts market expansion, fueled by increasing construction and rising energy demand from growing populations and economies.

Key Companies & Market Share Insights

Some key companies in the building-integrated photovoltaics facade market include AGC Inc.; Heliatek GmbH; AVANCIS GmbH; Hanergy Thin Film Power Group Europe; ISSOL sa; and others. Manufacturers are adopting strategies such as new product development, partnerships, and collaborations to enhance market presence and meet evolving demands of architects and construction contractors.

• Heliatek GmbH is a provider and producer of organic photovoltaic products, working in the development of organic electronics. The company offers roll-to-roll vacuum and inert atmosphere processes for manufacturing OPV films, enabling construction partners and building materials industry to integrate green solar technology into various building surfaces.

• AVANCIS GmbH is a manufacturer of thin-film solar panels, providing high-performance PV modules for various applications, including electricity-generating facades, roofs, and open areas. The company also offers expert guidance on energy-efficient construction planning, enabling architects, builders, and property owners to optimize their building’s energy efficiency and sustainability.

Recent Developments

• In May 2024, Heliatek successfully installed HeliaSol solar films on Erlanger Stadtwerke buildings in Germany using a double-façade system, with two climbers attaching nearly 100 films on two building fronts over three days

• In March 2024, SUNOVATION GmbH introduced BIPV modules with innovative quarter-cell technology for solar facades and rooftops, building upon the industry standard of half-cell technology, which it successfully incorporated into building-integrated photovoltaics.

Building-Integrated Photovoltaics Facade Market Report Scope

Global Building-integrated Photovoltaics Facade Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global building-integrated photovoltaics facade market report based on type, end use, and region.

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Thin Film

  • Crystalline Materials

  • Others

• End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Residential

  • Commercial & Industrial

  • Utility

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE