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ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Asia-Pacific Building Integrated Photovoltaics Market by Technology (Crystalline Silicon, Thin Film, Other Technologies) Market by Application (Roofing, Facades, Glazing, Architectural Shading) Market by End-user (Commercial, Industrial, Residential) by Geography


MARKET OVERVIEW

The Asia-Pacific building integrated photovoltaics market is anticipated to register a CAGR of 17.20% during the forecasted period of 2023-2032, capturing a revenue share of $13031.25 by 2032

The regional market’s growth is credited to factors such as the adoption of net-zero emissions targets by various nations as well as the rising focus on developing renewable power in the post-pandemic period. However, the Asia-Pacific building integrated photovoltaics market growth will likely be obstructed due to the challenges associated with BIPV-specific aspects, such as limited aesthetical and design possibilities and complex technology.

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The Asia-Pacific building integrated photovoltaics market growth study encompasses the assessment of South Korea, Australia, Vietnam, China, Japan, India, and Rest of Asia-Pacific. Japan established a target cumulative photovoltaics (PV) installation capacity of 14 GW by the year 2020. Despite the country’s relatively smaller population, Japan’s energy consumption is significant, with renewable energy contributing to 40% of the overall energy consumption. The rising environmental pollution due to the increased usage of fossil fuels is one of the government’s greatest concerns, owing to which renewable energy generation is gaining high traction in the country. Furthermore, as per PV Tech, Japan is anticipated to install solar power generating a capacity of 111 GW by 2025, in addition to the aim of reaching 154 GW capacity by 2030.

Over the upcoming years, India is set to observe a rising trend of green buildings. The nation also committed to reaching net zero carbon emissions by the year 2070 at the UN Climate Change Conference (COP 26). Moreover, during the 19th edition of the Green Building Congress 2021, the Confederation of Indian Industry’s Indian Green Building Council (IGBC) set a target to net zero carbon buildings by 2050. While green buildings are a significant opportunity to decelerate the earth’s changing temperatures, their promotion and usage are expected to be a competitive advantage in India for decades. Hence, these factors are set to provide the Asia-Pacific building integrated photovoltaics market with lucrative growth opportunities over the estimated years.

The Asia-Pacific building integrated photovoltaics market is segmented into technology, application, and end-user. The end-user segment includes commercial, industrial, and residential. Multiple sub-segments under commercial buildings comprise agricultural buildings, historical buildings, hotels, showroom offices, universities and schools, sports venues and stadiums, big-box stores, green parking garages, public infrastructures, and others. 

The construction industry is also demonstrating high innovation owing to the considerable capital expenditure for developing zero-emission green facilities. As a result, the notable interest in environmentally friendly structures, coupled with the enhanced aesthetic appeal of BIPV facilities, is set to further augment the adoption of photovoltaics technology in commercial buildings.

The top firms operating in the Asia-Pacific building integrated photovoltaics market include Kaneka Corporation, AGC Inc, SunTech Power Co Ltd, etc. 

AGC Inc, formerly known as Asahi Glass Co Ltd and headquartered in Japan, is engaged in the marketing and manufacturing of chemicals, ceramics, electronic components, and glass. It also provides heat insulating and shielding glass, lightening glass products, LCD glass substrates, glass for solar power systems, fluorinated resins, specialty glass for display applications, vinyl chloride monomer, cover glass for car-mounted displays, and others. The company’s operations span the Americas, Europe, and Asia. 

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Technology, Application, and End-User
Countries AnalyzedChina, Japan, India, South Korea, Australia, Vietnam, and Rest of Asia-Pacific
Companies AnalyzedAGC Inc, Heliatek, Onyx Solar Group LLC, Clearvue Technologies Ltd, Saule Technologies, Waaree Energies Ltd, Ertex Solar Technik GmbH, Kaneka Corporation, Metsolar, Tesla Inc, SunPower Corporation, Suntech Power Co Ltd, Trina Solar, Sphelar Power Corporation, Nanoflex Power Corporation

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. IMPORTANCE OF STAKEHOLDERS’ ECOSYSTEM
      2. NEED FOR GOVERNMENT SUPPORT FOR SOLAR POWER GROWTH
      3. RISE IN PATENTS INDICATES PV COMPONENT APPLICATIONS’ GROWTH
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. REDUCTION OF CARBON FOOTPRINT
      2. HIGH ENERGY DEMAND 
      3. GROWING GOVERNMENT INITIATIVES TO STANDARDIZE INTEGRATED PHOTOVOLTAIC PRODUCTS 
      4. INCREASE IN ROOFTOP SOLAR SYSTEMS FOR HOMES & BUSINESSES
    2. KEY RESTRAINTS
      1. SLOW GROWTH OF SOLAR ENERGY IN DEVELOPING NATIONS
  4. KEY ANALYTICS
    1. PARENT MARKET ANALYSIS
    2. KEY TECHNOLOGY TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. GROWTH PROSPECT MAPPING
    5. MARKET MATURITY ANALYSIS
    6. MARKET CONCENTRATION ANALYSIS
    7. VALUE CHAIN ANALYSIS
      1. COMPONENT MANUFACTURER
      2. BUILDING INTEGRATED PHOTOVOLTAIC MANUFACTURERS
      3. END-USERS
    8. KEY BUYING CRITERIA
      1. SUPERIOR TECHNOLOGY
      2. APPLICATION
      3. EFFICIENCY
      4. RELIABILITY
  5. MARKET BY TECHNOLOGY
    1. CRYSTALLINE SILICON
      1. MONOCRYSTALLINE
      2. POLYCRYSTALLINE
    2. THIN FILM
    3. OTHER TECHNOLOGIES
  6. MARKET BY APPLICATION
    1. ROOFING
    2. FACADES
    3. GLAZING
    4. ARCHITECTURAL SHADING
  7. MARKET BY END-USER
    1. COMMERCIAL
    2. INDUSTRIAL
    3. RESIDENTIAL
  8. GEOGRAPHICAL ANALYSIS
    1. ASIA-PACIFIC
      1. MARKET ESTIMATES & SIZES
      2. ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET DRIVERS
      3. ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET CHALLENGES
      4. ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS
      6. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
        5. AUSTRALIA
          1. AUSTRALIA BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
        6. VIETNAM
          1. VIETNAM BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
        7. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. AGC INC
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      2. CLEARVUE TECHNOLOGIES LIMITED
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      3. ERTEX SOLAR TECHNIK GMBH
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      4. HELIATEK
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      5. KANEKA CORPORATION
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      6. METSOLAR
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      7. NANOFLEX POWER CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      8. ONYX SOLAR GROUP LLC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      9. SAULE TECHNOLOGIES
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      10. SPHELAR POWER CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      11. SUNPOWER CORPORATION
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      12. SUNTECH POWER CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      13. TESLA INC
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      14. TRINA SOLAR
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      15. WAAREE ENERGIES LTD
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCT LIST
        4. STRENGTHS & CHALLENGES ANALYSIS

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – BUILDING INTEGRATED PHOTOVOLTAICS

TABLE 2: BUILDING-INTEGRATED PHOTOVOLTAIC (BIPV) PATENTS SHARE, BY COMPANY, 2021 (%)

TABLE 3: KG/BILLIONS OF CO2 EMITTED PER MILLION BTU OF ENERGY, BY FUEL

TABLE 4: SHARE OF POPULATION WITH ACCESS TO ELECTRICITY, IN 2020 (IN%)

TABLE 5: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 12: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 13: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 14: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 15: REGULATORY FRAMEWORK

TABLE 16: LEADING PLAYERS OPERATING IN ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET

TABLE 17: LIST OF ACQUISITIONS

TABLE 18: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 19: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 20: AGC INC- COMPANY OPERATING EXPENSES & EBITDA, IN 2019-2021 (IN $ BILLION)

LIST OF FIGURES 

TABLE 1: MARKET SNAPSHOT – BUILDING INTEGRATED PHOTOVOLTAICS

TABLE 2: BUILDING-INTEGRATED PHOTOVOLTAIC (BIPV) PATENTS SHARE, BY COMPANY, 2021 (%)

TABLE 3: KG/BILLIONS OF CO2 EMITTED PER MILLION BTU OF ENERGY, BY FUEL

TABLE 4: SHARE OF POPULATION WITH ACCESS TO ELECTRICITY, IN 2020 (IN%)

TABLE 5: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 12: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 13: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 14: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 15: REGULATORY FRAMEWORK

TABLE 16: LEADING PLAYERS OPERATING IN ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET

TABLE 17: LIST OF ACQUISITIONS

TABLE 18: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 19: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 20: AGC INC- COMPANY OPERATING EXPENSES & EBITDA, IN 2019-2021 (IN $ BILLION)

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