Building-integrated Photovoltaics Market Analysis

Technology (Crystalline Silicon, Thin Film)

Crystalline silicon segment in the building-integrated photovoltaics market is set to cross USD 29.4 billion by the end of 2037. The segment's tremendous growth rate can be augmented by their integration into building roofs with the use of smart mounting systems, which replace roof sections while maintaining the structural integrity of the building. It is predicted that by 2025, about 57% of homes in the U.S. will have a smart home device. Additionally, this kind of integration offers great efficiency without requiring major investments.  Using crystalline silicon cells in place of roof tiles is another integration option.

Application (Roof, Glass, Wall, Facade)

Roof segment is estimated to hold more than 61.1% building-integrated photovoltaics market share by 2037, attributed to the availability of a larger panel installation area for BIPV. This optimization of space is designed for building owners and developers who aim to increase energy production while reducing adverse environmental impacts. Roof-mounted BIPV systems are increasingly adopted in residential, commercial, and industrial buildings worldwide.  For instance, according to a 2023 report from the Solar Energy Industries Association, the U.S. installed 7 GW of residential solar in 2023.

End User (Residential, Commercial, Industrial)

The commercial segment is set to garner a notable share with a CAGR of about 15.0% and is likely to remain the largest segment in the end user of the building-integrated photovoltaics market. Commercial end-users may align their operational goals with sustainability objectives, understand cost savings, improve property values, and establish themselves as leaders in corporate responsibility and sustainability by making smart investments in green infrastructure. A 2023 report published by the Private Infrastructure Advisory Facility (PPIAF) program, housed and managed by the World Bank Group, stated that private investments globally in green infrastructure are increasing and accounted for 60% of their total private investment in 2021.

Our in-depth analysis of the global market includes the following segments: