A Building Integrated Photovoltaics (BIPV) system is composed of integrated photovoltaics modules into the building envelope, such as the facade. Facade systems include curtain wall products, spandrel panels, and glazing. BIPV serves as a building envelope material and power generator. These systems reduce the materials and electricity costs and avoid the use of fossil fuels and emission of ozone-depleting gases. BIPV ensures to maximize energy efficiency within the building’s energy demand or load, thereby optimizing the entire energy system. Holistically designed BIPV systems help reduce a building’s energy demand from the electric utility grid while generating electricity on-site and performing as the building’s weathered skin. The global Building-integrated Photovoltaics Facade (BIPV) market is expected to grow at a CAGR of 27.8% during the forecast period.

Top Driver: Installation in the Commercial Sector and Improved Aesthetic Appeal Provided by BIPV

Their installation in the commercial sector drives the demand for integration of photovoltaics with facades. Increased emphasis on electricity sharing and high subsidies offered by governments is anticipated to facilitate photovoltaic integration during the forecast period. Also, improved aesthetic appeal provided by BIPV in facades and many customized solutions offered by the market players is anticipated to drive the market. Rising concerns regarding environmental pollution caused by non-renewable sources of energy are expected to boost the adoption of facade integrated photovoltaics over the forecast period. Furthermore, the European countries’ tax benefits and incentives, such as France, Spain, and Germany, promote the adoption of the BIPV facade in these countries.

Thin Film to Make Crucial Contribution to Growth of Global Building Integrated Photovoltaics Facade Market

The global building-integrated photovoltaic façade market is segmented on the basis of technology into C-Si, Thin Film, Others. The thin film segment is expected to witness growth in the forecast period. The C-Si technology is anticipated to hold a huge market share in the future.

Rising Consumer Awareness to Benefit European Market

Europe is anticipated to gain the highest revenue shares. This owes to the surge in the presence of a higher number of consumer awareness coupled with a favorable outlook toward renewable energy, which would help the industry gain significant growth in the forecast period. The governments focus on the use of solar energy, aiding to higher adoption of BIPV, propelling the industry.

North America is anticipated to witness growth due to the rise in adoption of integrated photovoltaics in industrial, commercial, and residential establishments. The rise in such installations by major companies would boost the industry.

In the Asia Pacific, the governments of major economies are offering tax benefits for using solar energy-harnessing solutions providing significant growth strategies in the coming years.

Players to Focus on Building-Integrated Photovoltaics Façade Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Ascent Solar Technologies Inc., Centrosolar AG, Dow Solar, Dyesol Ltd, Eagle Roofing Products Florida LLC, Ertex Solar Gmbh, First Solar, Heliatek Gmbh, Konarka Technologies Inc., and Kyocera Corporation among others could be at the forefront of the competition in the global market.

Lechwerke: In April 2017, Lechwerke (LEW), located in Augsburg, has extended its “Energy Façade” project by integrating HeliaFilm, a solar film made by Heliatek. Over the next few years, the resulting test platform will be used to measure the output of the organic photovoltaic (OPV) films in a direct comparison to conventional solar technology. The building has now been upgraded both energetically and visually by this BiOPV (building integrated organic photovoltaics) solution.

Solaria Corp: In June 2016, California-based solar technology firm Solaria Corp and Japanese glass producer Asahi Glass Co Ltd, or AGC, are launching a new building integrated photovoltaic (BIPV) solution for the Japanese and South East Asian markets. The Japanese company will be incorporating Solaria’s BIPV technology into its windows and building facades. The new product will be called Sudare powered-by-Solaria, the pair said today.

Scope of the Report

By Technology

• C-Si
• Thin Film
• Others

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.