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NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

North America 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 North America building integrated photovoltaics market is predicted to rise with a CAGR of 16.66% during the forecast years of 2023-2032, capturing a revenue share of $12680.90 by 2032

The increasing support from governments by means of financial incentives as well as benefits for the development of green infrastructure, high investments in the solar industry, and the growth of the construction sector, coupled with a rise in commercial spaces, are among the key factors attributable to the market growth of the region.

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The United States and Canada are analyzed under the North America building integrated photovoltaics market growth study. The housing market in the United States recently emerged from a major recession on account of the COVID-19 pandemic. With a higher inclination and growing focus towards roofing, large volumes of roofing product purchases in the country occur primarily in the southern United States, including southern California. Aligning with this, California holds a distinct market niche in terms of encouraging the use of building integrated photovoltaics (BIPV) products, given the rapid growth of the state’s regulatory requirements. Moreover, the dominance of the roofing market in the country is also ascribed to the significant industrial infrastructure involved, entailing warehouses, terminals, factories, and trans-shipment stations.

On the other hand, several other municipalities in the United States are now requiring novel constructions, coupled with substantial renovation work, in order to adhere to green building guidelines. As a result, the acceptance and demand for building integrated photovoltaic products are also expected to rise in the country’s replacement projects. However, in the United States residential sector, the demand for BIPV products is constrained, mainly because solar components are perceived as a cost-add, especially among price-conscious companies. Therefore, these factors are set to influence the building integrated photovoltaics market growth in North America during the forecast years.

The North America building integrated photovoltaics market is segmented into application, technology, and end-user. The technology segment includes crystalline silicon, thin film, and other technologies. First-generation photovoltaic (PV) devices, also termed silicon-wafer-based solar cells, account for the majority of PV cells produced in the present scenario. Comprising a single layer p-n junction diode as well as a large area, they can generate usable electrical energy via light sources with the wavelengths of solar light. Furthermore, first-generation PVs are efficient and stable, as well. However, the production expenses for first-generation solar cells are relatively high owing to the considerable amount of material processing required.

Conversely, third-generation PV technologies are mainly based on novel materials, mechanisms, as well as concepts in light energy conversion and harvesting. These new devices include dye-sensitized cells, tandem (multi-junction) cells, organic (polymer) cells, and quantum dot solar cells.

Some of the eminent companies operating in the North America building integrated photovoltaics market are Tesla Inc, Trina Solar, SunPower Corporation, etc.

Tesla Inc, headquartered in the United States, is engaged in the manufacturing and distribution of electric vehicles, solar products, and batteries. Its solar products are utilized by commercial as well as residential applications. Moreover, the company spends 5% of its revenue on research and development (R&D) activities annually. Designed to be highly efficient, Tesla’s Solar Panels deliver maximum solar production year-round, even on roofs with complicated angles.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast Units($ Million)
Segments Analyzed
Technology, Application, and End-User
Countries AnalyzedThe United States and Canada
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 REGIONS SUCH AS ALASKA
  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. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET DRIVERS
      3. NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET CHALLENGES
      4. NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS
      6. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES BUILDING INTEGRATED PHOTOVOLTAICS MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA 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: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

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

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

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

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

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

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

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

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

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

TABLE 15: REGULATORY FRAMEWORK

TABLE 16: LEADING PLAYERS OPERATING IN NORTH AMERICA 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: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2022

FIGURE 13: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, 2023-2032 (IN $ MILLION)

FIGURE 14: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, GROWTH POTENTIAL, BY CRYSTALLINE SILICON, IN 2022

FIGURE 15: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY MONOCRYSTALLINE, 2023-2032 (IN $ MILLION)

FIGURE 16: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY POLYCRYSTALLINE, 2023-2032 (IN $ MILLION)

FIGURE 17: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY THIN FILM, 2023-2032 (IN $ MILLION)

FIGURE 18: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY OTHER TECHNOLOGIES, 2023-2032 (IN $ MILLION)

FIGURE 19: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 20: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY ROOFING, 2023-2032 (IN $ MILLION)

FIGURE 21: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY FACADES, 2023-2032 (IN $ MILLION)

FIGURE 22: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY GLAZING, 2023-2032 (IN $ MILLION)

FIGURE 23: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY ARCHITECTURAL SHADING, 2023-2032 (IN $ MILLION)

FIGURE 24: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

FIGURE 25: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COMMERCIAL, 2023-2032 (IN $ MILLION)

FIGURE 26: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY INDUSTRIAL, 2023-2032 (IN $ MILLION)

FIGURE 27: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY RESIDENTIAL, 2023-2032 (IN $ MILLION)

FIGURE 28: NORTH AMERICA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 29: UNITED STATES BUILDING INTEGRATED PHOTOVOLTAICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 30: CANADA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 31: AGC INC- COMPANY REVENUE, IN 2019-2021 (IN $ BILLION)

FIGURE 32: AGC INC- COMPANY NET INCOME, IN 2019-2021 (IN $ BILLION)

FIGURE 33: AGC INC- COMPANY REVENUE BY GEOGRAPHY IN 2021 (IN %)

FIGURE 34: CLEARVUE TECHNOLOGIES LIMITED- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)

FIGURE 35: KANEKA CORPORATION- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)

FIGURE 36: KANEKA CORPORATION – COMPANY SALES BY BUSINESS SEGMENT IN 2021 (IN %)

FIGURE 37: KANEKA CORPORATION – COMPANY REVENUE BY GEOGRAPHY IN 2021 (IN %)

FIGURE 38: SUNPOWER CORPORATION- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)

FIGURE 39: SUNPOWER CORPORATION- COMPANY SALES BY BUSINESS SEGMENT IN 2021 (IN %)

FIGURE 40: TESLA INC- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)

FIGURE 41: TESLA INC- COMPANY SALES BY BUSINESS SEGMENT, IN 2021 (IN %)

FIGURE 42: TESLA INC- COMPANY REVENUE BY GEOGRAPHY IN 2021 (IN %)

FIGURE 43: WAAREE ENERGIES LTD- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)

FIGURE 44: WAAREE ENERGIES LTD- COMPANY NET INCOME, IN 2019-2021 (IN $ MILLION)

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