Top 10 List of Solar PV Module Manufacturers in 2025
Top 10 List of Solar PV Module Manufacturers in
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BIPV Market Size, Share and Trend | Global Analysis -
Building Integrated Photovoltaic (BIPV) Market Overview
The global building integrated photovoltaic market was valued at USD 14.0 billion in , and is projected to reach USD 86.7 billion by , growing at a CAGR of 20.1% from to . Rise in demand for building integrated photovoltaic materials can be attributed to increase in integration of solar energy solutions in commercial infrastructures for architectural optimization and energy conservation. Moreover, growth in environmental concerns toward depleting non-renewable power resources, such as oil and coal further propel demand for solar power generation.
Key Market Trends & Insights
- North America is expected to witness the fastest growth, registering a CAGR of 20.7% during the forecast period.
- Crystalline silicon led the market with a 70.0% share and is also projected to grow at the highest CAGR of 20.4%.
- Roof installations accounted for the largest share at 38.7% of global BIPV revenue.
- The glass segment is anticipated to grow the fastest with a CAGR of 21.0%.
- Commercial applications dominated the market with a 53.8% revenue share.
Market Size & Forecast
- Projected Market Size: USD 86.7 billion
- Market Size: USD 14.0 billion
- Compound Annual Growth Rate (CAGR) (-): 20.1%
What is meant by building-integrated photovoltaics (BIPV)
Building-integrated photovoltaic are photovoltaic materials, which are used as substitutes to certain conventional building materials. They are used in building parts, which include roof, skylights, and facades. Building-integrated photovoltaic is also known as solar panels, which are incorporated into the construction sector. It offers different categories such as thin-film solar panels, flexible thin-film solar panels, thin-film or crystalline based solar panels, and semi-transparent solar panels. BIPV is currently one of the rapidly expanding segments of the global solar PV industry.
Forces Impacting the Market’s Development
Rapid modernization in the construction and building sector along with increase in focus on clean energy has led to rise in demand for green or zero-emission buildings. Furthermore, rise in consumer awareness toward several ecological benefits of BIPV has resulted in rise in adoption of solar energy harnessing systems in the residential sector. Apart from this, implementation of favorable government policies supported by several initiatives for promoting the need for reducing carbon footprints have also catalyzed demand for building-integrated photovoltaic on a global level.
Rise in demand for BIPV components in developed regions, such as North America and Europe, is primarily driven by supporting infrastructural developments in the form of optimum grid-parity of photovoltaic solutions supported by several financial incentives offered by regional governments. On the other hand, several emerging economies, such as India, China, and Vietnam are experiencing high product demand due to reduced solar installation costs and wide availability of BIPV materials across these countries. Moreover, various technological advancements, coupled with rise in penetration of wireless connectivity have led to introduction of automated BIPV components, which propels the building integrated photovoltaic market growth.
In addition, rise in investments in several R&D activities for superior integration of advanced module technologies also propel the product demand. However, high initial cost of investments is expected to hamper growth of the building integrated photovoltaic market during the forecast period. Furthermore, heat generation from BIPV modules is expected to provide growth opportunities for the building integrated photovoltaic market during the forecast period.
Building-Integrated Photovoltaics Market Segment Review
The global building integrated photovoltaic market size is segmented on the basis of technology, application, end-use, and region. By technology, it is analyzed across crystalline silicon, thin film, and others. By application, it is segmented into roofs, walls, glass, facade, and others. By end-use, it is divided into residential, commercial, and industrial. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
By Technology
The crystalline silicon segment accounted for a major share in the building integrated photovoltaic market in , which is attributed to its superior resistance to adverse weather conditions and high strength. The global market is expected to be driven primarily by declining price of crystalline silicon cells, which, in turn, is expected to lower installation cost during the forecast period.
By Application
The roof segment accounted for a major share in the building integrated photovoltaic market in , owing to the availability of a larger panel installation area for BIPV. Countries such as the U.S., the UK, Germany, and France are expected to witness increased demand for roof installations in the residential sector. In addition, growing deployment of energy storage systems is expected to facilitate demand for off-grid solar PV systems during the forecast period.
By End-use
The commercial segment accounted for a major building integrated photovoltaic market share in owing to the increasing awareness about zero-emission green infrastructure. BIPV installations improve the aesthetic appeal of commercial establishments and provide major savings on electricity consumption, thereby driving the product deployment across the commercial segment.
By Region
Europe accounted for a major market share in . Countries such as the UK, Italy, Spain, and France significantly contribute to regional growth. The European Commission's supportive directives in the form of financial incentives, such as subsidies on photovoltaic integration, are expected to further accelerate the regional market growth. In addition, Europe has been drastically reducing levelized cost of electricity (LCOE) of its solar installations, thus offering lucrative growth opportunities to the BIPV industry.
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Which are the top BIPV companies?
The following are the leading companies in the building integrated photovoltaic market. These players have adopted various strategies to increase their market penetration and strengthen their position in the BIPV industry.
AGC Solar
Belectric
Heliatek GmbH
Carmanah Technologies Corporation
Greatcell Solar Limited
Hanergy Holding Group Limited
Ertex Solartechnik GmbH
Canadian Solar Inc.
Tesla Inc.
Solaria Corporation
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What are the Key Benefits for Stakeholders:
- The global building integrated photovoltaic market analysis covers in-depth information of major industry participants.
- Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries have been mapped according to their individual revenue contribution to the regional market.
- The report provides in-depth analysis of the global building integrated photovoltaic market forecast for the period –.
- The report outlines the current global building integrated photovoltaic market trends and future scenario of the global market from to to understand the prevailing opportunities and potential investment pockets.
- Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global building integrated photovoltaic market study.