Europe Building-integrated Photovoltaics Market To Reach $53.48 Billion By 2030

Europe Building-integrated Photovoltaics Market Growth & Trends

The Europe building-integrated photovoltaics market size is expected to reach USD 53.48 billion by 2030, expanding at a 33.8% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising demand for crystalline silicon (C Si) based Building-integrated Photovoltaics (BIPV) generated the premier revenue share on account of the high strength of the product.

Increasing demand for facade integration stems from the growth of building and construction industry, primarily in the developing economies in European region. The introduction of ventilated photovoltaic facades provides superior benefits such as greater yield in low irradiation and high temperature conditions, reduction of acoustic pollution, elimination of thermal barriers, and superior insulation performance.

The demand for building-integrated photovoltaics in Europe is anticipated to grow on account of the rising demand for aesthetically appealing solar energy-harnessing systems. According to a report published in Netherlands titled The Relative Importance of Aesthetics in the Adoption Process of Solar Panels in the Netherlands, aesthetic value of a solar panel is the greatest variable for 40% of buyers once the price is in a reasonable range. Hence, consumer preference towards BIPV products having good aesthetic value is gaining momentum which is anticipated to drive the market for black colored panels in the region during the forecast period.

Germany is one of the top country level market for the Europe accounting for 24.6% of the market share in 2024. The demand for building-integrated photovoltaics in roofs accounted for the highest market share driven by ease of product installation. BIPVs can be installed easily in the building roofs post-construction of the building as it requires minimal renovations. Besides, the segment has realized high technological advancements, which is expected to result in a decline in the overall installation costs leading to market growth over the forecast period.

Rising concerns regarding environmental pollution caused using non-renewable sources of energy are anticipated to drive the Europe BIPV market over the forecast period. The demand for the integration of photovoltaics stems from the superior aesthetic properties they impart. Building-integrated photovoltaics can replace regular roofs, windows, and building walls without compromising the aesthetics of the building, thereby leading to an increased adoption.

The presence of significant industry participants such as AGC Inc.; Canadian Solar; UAB GLASSBEL BALTIC; Onyx Solar Group Inc.; BiPVco; ISSOL sa; Heliatek GmBH; Polysolar; Flisom; ertex solartechnik GmbH; and Hanergy Mobile Energy Holding Group Limited will further aid market penetration.

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 Europe Building-integrated Photovoltaics Market Report Highlights

• The building-integrated photovoltaics market in Italy is expected to grow at the fastest CAGR of 39.4% over the forecast period

• Roofs-mount photovoltaics held the largest market share of over 41.0% in terms of revenue in 2024.

• Improved aesthetic appeal due to its transparent nature along with significant technological advancements in glass integrated installations is expected to drive the glass segment over the forecast period.

• Residential segment led the market due to efforts made by end users to limit their reliance on conventional sources and increase their adoption of greener sources of power generation.

Europe Building-integrated Photovoltaics Market Segmentation

Grand View Research has segmented the Europe building-integrated photovoltaics market report based on power rating, application, end use, and region:

Europe Building-integrated Photovoltaics Power Rating Outlook (Revenue, USD Million, 2018 - 2030)

• Crystalline Silicon (C-Si)

• Thin Film

• Others

Europe Building-integrated Photovoltaics Application Outlook (Revenue, USD Million, 2018 - 2030)

• Roofs

• Facade

• Glass

• Wall

• Others

Europe Building-integrated Photovoltaics End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Commercial

• Residential

• Industrial

Europe Building-integrated Photovoltaics Regional Outlook (Revenue, USD Million, 2018 - 2030)

• Germany

• UK

• Italy

• France

• Spain

• Switzerland

List of Key Players in Europe Building-integrated Photovoltaics (BIPV) Market

• AGC Inc.

• Heliatek GmbH

• Hanergy Thin Film Power Group Europe

• Ertex Solar

• ISSOL sa

• Onyx Solar Group LLC

• BELECTRIC

• SOLAXESS

• Tesla

• Canadian Solar

• Metsolar

• UAB GLASSBEL BALTIC

• SUNOVATION

• BiPVco

• Polysolar