Rise in Rooftop Solar Systems Reinforces Global Building Integrated Photovoltaics Market Growth

Building Integrated Photovoltaics Market

As per Inkwood Research, the Global Building Integrated Photovoltaics Market is projected to register a CAGR of 16.84% in terms of revenue during the forecasting period of 2023-2032.

“Browse 59 Market Data Tables and 65 Figures spread over 260 Pages, along with an in-depth TOC on the Global Building Integrated Photovoltaics Market Forecast 2023-2032.”


Building integrated photovoltaics (BIPVs) are defined as photovoltaic (PV) materials that substitute traditional building materials for components of a building envelope, such as the roof, facades, skylights, curtain walls, asphalt roofing, windows, and others.


Increase in Rooftop Solar Systems to Stimulate Global Market Growth

The introduction of government incentives as well as solar-friendly policies across the globe, including Canada, the United States, Poland, Germany, Japan, South Korea, and India, are promoting the adoption of commercial and residential solar rooftop installations. Moreover, as per the Solar Quarter, solar rooftop installations rose by 64% over recent years, to 59 GW installations in 2021 from 36 GW installations in 2017.

Glazing to be the Fastest-Growing Application by End of Projection Period

The seamless integration of photovoltaic energy systems with glass, coupled with the ease of installation, propels the growth of the glazing segment. Moreover, as the world becomes highly urbanized, a higher number of solar-integrated curved glass structures are being constructed, given their ability to absorb an increased concentration of sun rays.

Asia-Pacific: Leading & Dominating Region by 2032

The increasing focus on developing renewable power in the post-pandemic period, attractive government initiatives, as well as the surge in the population are set to play an essential role in fueling the building integrated photovoltaics market growth in the Asia-Pacific.

Competitive rivalry in the global building integrated photovoltaics market is projected to be intense over the forecasted period. Some of the leading players operating in the market are Waaree Energies Ltd, Saule Technologies, Ertex Solar Technik GmbH, etc.

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