ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST 2023-2032
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.
ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST 2023-2032
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
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 million 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 Scope |
Details |
| Market Forecast Years | 2023-2032 |
| Base Year | 2022 |
| Market Historical Years | 2018-2022 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Technology, Application, and End-User |
| Countries Analyzed | China, Japan, India, South Korea, Australia, Vietnam, and Rest of Asia-Pacific |
| Companies Analyzed |
AGC 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 |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- SCOPE OF STUDY
- CRISIS SCENARIO ANALYSIS
- MAJOR MARKET FINDINGS
- IMPORTANCE OF STAKEHOLDERS’ ECOSYSTEM
- NEED FOR GOVERNMENT SUPPORT FOR SOLAR POWER GROWTH
- RISE IN PATENTS INDICATES PV COMPONENT APPLICATIONS’ GROWTH
- MARKET DYNAMICS
- KEY DRIVERS
- REDUCTION OF CARBON FOOTPRINT
- HIGH ENERGY DEMAND
- GROWING GOVERNMENT INITIATIVES TO STANDARDIZE INTEGRATED PHOTOVOLTAIC PRODUCTS
- INCREASE IN ROOFTOP SOLAR SYSTEMS FOR HOMES & BUSINESSES
- KEY RESTRAINTS
- SLOW GROWTH OF SOLAR ENERGY IN DEVELOPING NATIONS
- KEY DRIVERS
- KEY ANALYTICS
- PARENT MARKET ANALYSIS
- KEY TECHNOLOGY TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- GROWTH PROSPECT MAPPING
- MARKET MATURITY ANALYSIS
- MARKET CONCENTRATION ANALYSIS
- VALUE CHAIN ANALYSIS
- COMPONENT MANUFACTURER
- BUILDING INTEGRATED PHOTOVOLTAIC MANUFACTURERS
- END-USERS
- KEY BUYING CRITERIA
- SUPERIOR TECHNOLOGY
- APPLICATION
- EFFICIENCY
- RELIABILITY
- MARKET BY TECHNOLOGY
- CRYSTALLINE SILICON
- MONOCRYSTALLINE
- POLYCRYSTALLINE
- THIN FILM
- OTHER TECHNOLOGIES
- CRYSTALLINE SILICON
- MARKET BY APPLICATION
- ROOFING
- FACADES
- GLAZING
- ARCHITECTURAL SHADING
- MARKET BY END-USER
- COMMERCIAL
- INDUSTRIAL
- RESIDENTIAL
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET ESTIMATES & SIZES
- ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET DRIVERS
- ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET CHALLENGES
- ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET REGULATORY FRAMEWORK
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- JAPAN
- JAPAN BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- INDIA
- INDIA BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- SOUTH KOREA
- SOUTH KOREA BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- AUSTRALIA
- AUSTRALIA BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- VIETNAM
- VIETNAM BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- REST OF ASIA-PACIFIC
- REST OF ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- CHINA
- ASIA-PACIFIC
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- COMPANY PROFILES
- AGC INC
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS LIST
- STRENGTHS & CHALLENGES ANALYSIS
- CLEARVUE TECHNOLOGIES LIMITED
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS LIST
- STRENGTHS & CHALLENGES ANALYSIS
- ERTEX SOLAR TECHNIK GMBH
- COMPANY OVERVIEW
- PRODUCTS LIST
- STRENGTHS & CHALLENGES ANALYSIS
- HELIATEK
- COMPANY OVERVIEW
- PRODUCTS LIST
- STRENGTHS & CHALLENGES ANALYSIS
- KANEKA CORPORATION
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS LIST
- STRENGTHS & CHALLENGES ANALYSIS
- METSOLAR
- COMPANY OVERVIEW
- PRODUCTS LIST
- STRENGTHS & CHALLENGES ANALYSIS
- NANOFLEX POWER CORPORATION
- COMPANY OVERVIEW
- PRODUCTS LIST
- ONYX SOLAR GROUP LLC
- COMPANY OVERVIEW
- PRODUCTS LIST
- STRENGTHS & CHALLENGES ANALYSIS
- SAULE TECHNOLOGIES
- COMPANY OVERVIEW
- PRODUCTS LIST
- STRENGTHS & CHALLENGES ANALYSIS
- SPHELAR POWER CORPORATION
- COMPANY OVERVIEW
- PRODUCT LIST
- SUNPOWER CORPORATION
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS LIST
- STRENGTHS & CHALLENGES ANALYSIS
- SUNTECH POWER CO LTD
- COMPANY OVERVIEW
- PRODUCTS LIST
- TESLA INC
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCTS LIST
- STRENGTHS & CHALLENGES ANALYSIS
- TRINA SOLAR
- COMPANY OVERVIEW
- PRODUCTS LIST
- WAAREE ENERGIES LTD
- COMPANY OVERVIEW
- FINANCIAL ANALYSIS
- PRODUCT LIST
- STRENGTHS & CHALLENGES ANALYSIS
- AGC INC
- KEY STRATEGIC DEVELOPMENTS
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
FIGURE 1: BIPV STAKEHOLDERS ECOSYSTEM
FIGURE 2: PATENTS PUBLISHED ON BIPV TECHNOLOGIES, 2017-2022 (NUMBER)
FIGURE 3: BIPV PATENT SHARES, BY ASSIGNEE COUNTRY, 2021 (%)
FIGURE 4: PARENT MARKET FLOWCHART FOR BIPV
FIGURE 5: KEY MARKET TRENDS
FIGURE 6: PORTER’S FIVE FORCES ANALYSIS
FIGURE 7: GROWTH PROSPECT MAPPING
FIGURE 8: MARKET MATURITY ANALYSIS
FIGURE 9: MARKET CONCENTRATION ANALYSIS
FIGURE 10: VALUE CHAIN ANALYSIS
FIGURE 11: KEY BUYING CRITERIA
FIGURE 12: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2022
FIGURE 13: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, 2023-2032 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, GROWTH POTENTIAL, BY CRYSTALLINE SILICON, IN 2022
FIGURE 15: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY MONOCRYSTALLINE, 2023-2032 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY POLYCRYSTALLINE, 2023-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY THIN FILM, 2023-2032 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY OTHER TECHNOLOGIES, 2023-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 20: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY ROOFING, 2023-2032 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY FACADES, 2023-2032 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY GLAZING, 2023-2032 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY ARCHITECTURAL SHADING, 2023-2032 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022
FIGURE 25: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COMMERCIAL, 2023-2032 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY INDUSTRIAL, 2023-2032 (IN $ MILLION)
FIGURE 27: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY RESIDENTIAL, 2023-2032 (IN $ MILLION)
FIGURE 28: ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)
FIGURE 29: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 30: JAPAN BUILDING INTEGRATED PHOTOVOLTAICS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 31: INDIA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 32: SOUTH KOREA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 33: AUSTRALIA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 34: VIETNAM BUILDING INTEGRATED PHOTOVOLTAICS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 35: REST OF ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 36: AGC INC- COMPANY REVENUE, IN 2019-2021 (IN $ BILLION)
FIGURE 37: AGC INC- COMPANY NET INCOME, IN 2019-2021 (IN $ BILLION)
FIGURE 38: AGC INC- COMPANY REVENUE BY GEOGRAPHY IN 2021 (IN %)
FIGURE 39: CLEARVUE TECHNOLOGIES LIMITED- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)
FIGURE 40: KANEKA CORPORATION- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)
FIGURE 41: KANEKA CORPORATION – COMPANY SALES BY BUSINESS SEGMENT IN 2021 (IN %)
FIGURE 42: KANEKA CORPORATION – COMPANY REVENUE BY GEOGRAPHY IN 2021 (IN %)
FIGURE 43: SUNPOWER CORPORATION- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)
FIGURE 44: SUNPOWER CORPORATION- COMPANY SALES BY BUSINESS SEGMENT IN 2021 (IN %)
FIGURE 45: TESLA INC- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)
FIGURE 46: TESLA INC- COMPANY SALES BY BUSINESS SEGMENT, IN 2021 (IN %)
FIGURE 47: TESLA INC- COMPANY REVENUE BY GEOGRAPHY IN 2021 (IN %)
FIGURE 48: WAAREE ENERGIES LTD- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)
FIGURE 49: WAAREE ENERGIES LTD- COMPANY NET INCOME, IN 2019-2021 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET ESTIMATES & SIZES
- ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET DRIVERS
- ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET CHALLENGES
- ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET REGULATORY FRAMEWORK
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- JAPAN
- JAPAN BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- INDIA
- INDIA BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- SOUTH KOREA
- SOUTH KOREA BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- AUSTRALIA
- AUSTRALIA BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- VIETNAM
- VIETNAM BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- REST OF ASIA-PACIFIC
- REST OF ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
- CHINA
- ASIA-PACIFIC
- MARKET BY TECHNOLOGY
- CRYSTALLINE SILICON
- MONOCRYSTALLINE
- POLYCRYSTALLINE
- THIN FILM
- OTHER TECHNOLOGIES
- CRYSTALLINE SILICON
- MARKET BY APPLICATION
- ROOFING
- FACADES
- GLAZING
- ARCHITECTURAL SHADING
- MARKET BY END-USER
- COMMERCIAL
- INDUSTRIAL
- RESIDENTIAL
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