Building Integrated Photovoltaic Market
Though the deployment of PV systems that are partially or fully integrated with building materials is low compared with rack-mounted PV systems, there is an increasing interest among stakeholders for BIPV. In the last two decades, there have been strong efforts to accelerate the deployment of solar-electric systems by developing PV products that are fully integrated with building materials. As a result, global BIPV market reached annual installation of 1 GW in the past few years and its adoption is expected to be driven in part by Net Zero Energy Building (“NZEB”) regulations. The California Public Utilities Commission (“CPUC”) has set several NZEB goals, including targeting all new residential construction and all new commercial construction within the State to be net zero energy building by 2020 and 2030, respectively, and 50% of existing buildings will be required to retrofit to meet NZEB goals by 2030.
Public Initiatives Promoting BIPV
The recent growth in BIPV market is mainly due to the public initiatives carried out to promote the technology as a cost effective solution for a smart building. The European Union based on new energy strategy aims to achieve at least 27% of renewables by 2030 and aims that all new buildings are Nearly Zero Energy Buildings (NZEB) by 2020. Photovoltaic being the renewable energy technology with the largest scope for cost reduction and efficiency gains is expected to contribute significantly in achieving the goal. European Industrial Initiative proposes a program for the development and demonstration of BIPV. The industry is investing in developing BIPV modules which are multifunctional, self-cleaning and serve as construction element. In order to support the large-scale deployment in urban areas and small decentralized communities demonstration projects such as “Solar Cities” are being promoted.
Crystalline to Account for the Largest Share
Crystalline silicon (“c-Si”) is the dominant solar photovoltaic technology. They are built using crystalline silicon solar cells, which are developed using microelectronics technology. The two types of crystalline silicon solar cells used are – mono-crystalline silicon and polycrystalline silicon. However, current c-Si technologies have inherent technical limitations, including high processing complexity and low intrinsic light absorption, which requires a thick silicon wafer, resulting in rigidity and heavy weight. The primary trend in crystalline silicon cell manufacturing involves a shift toward polycrystalline technology. Over the last decade, polycrystalline silicon wafer-based technology has been dominating the solar market. However, PV manufacturers are notably reducing the price for producing mono-crystalline, by switching toward lower processing cost diamond wafer technology, which might get close to the current price for poly-crystalline and be more competitive in the future.
Europe Holds the Largest Share in Building Integrated Photovoltaic Market
On-site and smart building management are enabling the region to take a major step towards a smart energy transition for urban residents as well as commercial building. The European market is led by Germany, and followed by France, Italy and Spain. High levels of legislative support, usually through feed-in-tariffs has been the key driver for the investment. As a result, manufacturers have traditionally gravitated towards such regions. Feed-in-tariff and interest free loans helped German market to develop more quickly than any other markets due to its early focus on BIPV. As a result, it has gained high level of expertise among BIPV installers, designers, manufacturers and architects accompanied by high level of awareness among end users. Recent amendments in German Renewable Energy Act 2017 (EEG 2017) is expected to ensure that Germany remains one of the largest markets for BIPV in the world.
Building Integrated Photovoltaic Market Major Players
- BIPV LIMITED
- Merck KGaA
- Nanoflex Power Corp
- Onyx Solar Group LLC.
- ISSOL sa
- Construct PV
- Changzhou Almaden Co., Ltd.
- AGC Solar
- NanoPV Solar Inc.
Reasons to Purchase Building Integrated Photovoltaic Market Report
- Current and future building integrated photovoltaic market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (in Excel).
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1. EXECUTIVE SUMMARY
2. RESEARCH METHODOLOGY
2.1 Scope of Study
2.2 Market Definition
2.3 Study Assumptions
2.4 Study Deliverables
2.5 Research Phases
3. Building Integrated Photovoltaic Market Overview
3.2 Market Size and Demand Forecast until 2023
3.3 Storage Systems for BIPV Systems
3.4 Government Regulations & Policies
3.5 Recent Trends and Developments
4. MARKET DYNAMICS
4.1 Building Integrated Photovoltaic Market Drivers
4.2 Building Integrated Photovoltaic Market Restraints
4.3 Building Integrated Photovoltaic Market Opportunities
5. SUPPLY CHAIN ANALYSIS
6. INDUSTRY ATTRACTIVENESS - PORTER’S FIVE FORCE ANALYSIS
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products & Services
6.5 Intensity of Competitive Rivalry
7. MARKET SEGMENTATION & ANALYSIS (Introduction, Market Size and Demand Forecast in USD billion, until 2023)
7.1 Building Integrated Photovoltaic Market By Type
7.2 Building Integrated Photovoltaic Market By End User
8. REGIONAL MARKET ANALYSIS (Introduction, Market Size and Demand Forecast in USD billion until 2023)
8.1 North America Building Integrated Photovoltaic Market Size (2018-2023)
8.2 Europe Building Integrated Photovoltaic Market Size (2018-2023)
8.3 Asia-Pacific Building Integrated Photovoltaic Market Size (2018-2023)
8.5 Rest of the World Building Integrated Photovoltaic Market Size (2018-2023)
9. KEY COMPANY PROFILES* (Overview, Products & Services, Financials**, Recent Developments)
9.1 BIPV LIMITED
9.2 Merck KGaA
9.3 Nanoflex Power Corp
9.4 Onyx Solar Group LLC.
9.6 ISSOL sa
9.7 Construct PV
9.8 Changzhou Almaden Co., Ltd.
9.9 AGC Solar
9.10 NanoPV Solar Inc.
*List not Exhaustive
10. COMPETITIVE LANDSCAPE
10.1 Mergers and Acquisitions, Joint Ventures Collaborations and Agreements
10.2 Strategies Adopted by Key Players
**Subject to availability on public domain