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Building Integrated Photovoltaics (BIPV) Market Trends

  • Report ID: GMI9377
  • Published Date: May 2024
  • Report Format: PDF

Building Integrated Photovoltaics Market Trends

As smart building technologies gain popularity, BIPV systems are increasingly being integrated with building management systems (BMS) that control lighting, heating, and air conditioning to optimize energy use. The integration of BIPV with smart grids and energy management systems allows buildings to not only generate their own power but also to use it more efficiently, enhancing the overall energy performance of buildings. BIPV products are increasingly being designed to blend seamlessly with traditional building materials. Manufacturers are now producing solar panels that resemble conventional building elements such as roof shingles, facades, skylights, and windows. This aesthetic compatibility is crucial for wider acceptance and application of BIPV in both new constructions and retrofit projects.


As urban areas continue to grow, there is a heightened focus on sustainable development practices. BIPV is recognized as a key technology that supports urban sustainability by reducing a building's carbon footprint and enhancing its energy self-sufficiency. Urban planners and developers are increasingly integrating BIPV into their projects to meet both regulatory requirements and community expectations for sustainable development.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of building integrated photovoltaics was reached USD 23.4 billion in 2023 and is expected to register over 20% CAGR from 2024 to 2032, owing to growing concerns about climate change and environmental degradation worldwide.

Building integrated photovoltaics industry from the crystalline silicon cells segment held over 40% share in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to their high efficiency in converting sunlight into electricity.

Asia Pacific building integrated photovoltaics (BIPV) industry and is expected to register over 21.5% CAGR from 2024 to 2032 due to governments across the region, increasingly supporting renewable energy through mandates and incentives.

AGC Inc., ONYX Solar Group LLC, Hanergy Mobile Energy Holding Group Limited, Maxeon Solar Technologies, Ltd. (The Solaria Corporation), Tesla, Inc., SunPower Corporation, and Ertex-Solar, are some of the major building integrated photovoltaics (BIPV) companies worldwide.

Building Integrated Photovoltaics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 288
  • Countries covered: 21
  • Pages: 250
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