Building-integrated Photovoltaics Facade Market To Reach $18.28 Billion By 2030

Building-integrated Photovoltaics Facade Market Growth & Trends

The global building-integrated photovoltaics facade market size is expected to reach USD 18.28 billion by the year 2030, growing at a CAGR of 31.4%, according to a new report by Grand View Research, Inc. Rising awareness among consumers from the developing economies of Asia Pacific coupled with the superior performance of the product as compared to the traditional facades is anticipated to fuel the growth.

The demand for thin film BIPV facades is estimated to witness considerable growth in the forthcoming years on account of their high performance as well as the introduction of colored BIPV panels that provide better aesthetic value to the overall structure. However, factors such as high price and longer duration for the return of investment are expected to hinder the market growth.

Increasing investments and continuous R&D in BIPV products have led to the introduction of BIPV facades with enhanced efficiency and durability. Moreover, color, ease of application, and customization options offered by the manufacturers are contributing to higher product demand in the BIPV facade market.

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Building-integrated Photovoltaics Facade Market Report Highlights

• 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.

• 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.

• 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.

• Europe building-integrated photovoltaics facade market led the global building-integrated photovoltaics facade market with a revenue share of 39.8% in 2023.

Building-integrated Photovoltaics Facade Market Segmentation

Grand View Research has segmented the global building-integrated photovoltaics facade market on the basis of type, end-use and region:

Building-integrated Photovoltaics Facade Type Outlook (Revenue, USD Million, 2018 - 2030)

• Thin Film

• Crystalline Materials

• Others

Building-integrated Photovoltaics Facade End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Residential

• Commercial & Industrial

• Utility

Building-integrated Photovoltaics Facade 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

List of Key Players in the Building-integrated Photovoltaics Facade Market

• AGC Inc.

• Heliatek GmbH

• AVANCIS GmbH

• Hanergy Thin Film Power Group Europe

• ISSOL sa

• Onyx Solar Group LLC.

• Maxeon Solar Technologies, Ltd.

• SUNOVATION GmbH

• Polysolar

• Ertex Solar