Global BIPV (Building Integrated Photovoltaics) Glass Market - 2022-2029

Market Overview

The global BIPV (building integrated photovoltaics) glass market reached US$ XX million in 2021 and is expected to record significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of 37.4% during the forecast period (2022-2029).

In areas like the facade, roof, skylights and other structures, BIPV (building-integrated photovoltaics) glass is a photovoltaic material that takes the role of conventional building materials. Technology is increasingly employed as a major or backup electrical power source to build new facilities. Solar energy utilization to attain higher energy ratings and Nearly Zero Energy Building (NZEB) levels for commercial buildings is becoming more popular among architects, owners and developers of new construction and exterior envelope renovations. For instance, in Europe, existing rules are increasing the demand for more creative building solutions, particularly advanced energy-saving and generation technology. An EU directive was enacted in January 2019 to encourage the large-scale deployment of Nearly Zero Energy Buildings (NZEB). The directive aims to significantly reduce building energy use while utilizing a considerable amount of renewable energy, including electricity generated on-site or locally.

Market Dynamics

Increasing the use of BIPV to reduce energy efficiency and enhance a building's architectural appearance are major market drivers for the global BIPV (Building Integrated Photovoltaics) glass market. However, consumers' unawareness and low efficiency could be major market restraints.

Increasing the use of BIPV to reduce the reduction, energy-efficient and enhancement of a building's architectural appearance

BIPV serves as the structure's outer layer while producing electricity for on-site usage or export to the grid. The BIPV system saves money on materials and electricity, decreases pollution and improves the aesthetics of the building. Builders can reduce incremental costs and remove expenditures and design concerns for the separate mounting system by substituting standard materials for photovoltaics during the early stages of construction.

According to the U.S. Department of Energy (DOE), the BIPV system can produce up to 50% of the country's electric power needs. The demand for BIPV systems grows yearly as the price of photovoltaic modules continues to fall. RRC Polytech's innovation center in downtown Winnipeg, completed in 2021, is the first building project in North America to incorporate BIPVs. The glass will offset energy consumption by 193MW/year, enough to power 18.5 average-sized homes for the same period.

Moreover, in March 2021, Vitro Architectural Glass introduced SolarvoltTM building-integrated photovoltaic (BIPV) glass modules, which combine the aesthetics and performance of Vitro Glass products with CO2-free power generation and weather protection for commercial buildings. SolarvoltTM BIPV modules, according to Vitro's director of marketing and innovation, are the next step in improving the company's portfolio of architectural glass products' sustainability and energy efficiency. As a result, the growing demand for BIPV and the unprecedented opportunity to use electric current instead of traditional systems while causing no environmental impact has sparked the BIPV glass market over the forecast period.

Consumers' unawareness and low efficiency

Most consumers are unaware of the benefits of government policies relating to solar for buildings. However, things are rapidly changing and system manufacturers are raising awareness. Besides, BIPV has low energy efficiency compared to other photovoltaic technology, such as solar panels. For instance, the energy conversion efficiency of the BIPV system is also relatively low, with rates of less than 20% and sensitive to weather patterns. Although many government policies have been taken by different countries worldwide, most focus on PV generally, with very few explicitly aimed at BIPV. The aforementioned factors act as major market restraints for the global BIPV market.

COVID-19 Impact Analysis

The pandemic broke out more than a year, sending shockwaves to virtually every aspect of existence. Many parts of construction have changed dramatically as a result of COVID-19. The last year was one of the most difficult in recent memory. While immunizations and other resources will hopefully bring us back to some semblance of normalcy soon, COVID-19's influence will be felt worldwide for a long time. While the construction business was not immune to the pandemic's effects, it has continued to work and adapt to new scenarios like any other industry. Due to being blamed for the outbreak, China faces severe political and economic hurdles. The evolving relationship between China and the rest of the globe will influence competition and opportunities in the BIPV glass industry, notwithstanding the increased push for decoupling and economic distancing.

One unintended repercussion of the COVID-19 outbreak has been the increased cost of building materials and unanticipated supply delays. The economy has quickly recovered from the pandemic, unlike the economic disruptions of the 2008-2009 crisis. In 2021, new orders for raw materials and parts were substantial, indicating a healthy construction sector outlook for the foreseeable future. Even though non-residential construction investment is still lower than a year ago, there are signs that commercial development is returning. Non-residential projects, on the other hand, will confront several unprecedented hurdles in 2021 and 2022. Therefore, for aspiring firms and their perceptive leaders hoping to succeed in the rapidly changing BIPV glass market landscape, continuous monitoring for emerging indicators of a probable new world order post-COVID-19 crisis is necessary.

Segment Analysis

The global BIPV (Building Integrated Photovoltaics) glass market is classified based on type, raw material, technology, application, end-user and region.

Easy customization and high efficiency boost the demand for crystalline silicon glass

Compared to amorphous silicon glass, crystalline silicon glass has more power installed per SqFt. In direct sunlight, crystalline silicon glass can produce twice as much energy as amorphous silicon glass. PV glass technology is appropriate for buildings and facilities with a good solar orientation to maximize energy output. Crystalline silicon PV glass is the most appropriate material for canopy and skylight applications, spandrel glass, solid walls and guardrails. PV glass has the same mechanical properties as traditional architectural glass used in building for architectural purposes. Although bare crystalline silicon (c-Si) has a high reflectance value (around 30%), both monocrystalline and multi-crystalline PV cells have antireflective (AR) coatings on their surfaces, with a coating thickness optimized to increase conversion efficiency. Crystalline silicon glass can be easily customized, particularly in shape; trapezoids can be easily fabricated using this technology. Crystalline silicone glass installations take up less space for a given amount of kWp and can provide up to 16% efficiency.

Solarday, an Italian company, has introduced a glass-glass building-integrated monocrystalline PERC panel in red, green, gold and grey. It has a power conversion efficiency of 17.98% and a temperature coefficient of -0.39% per degree Celsius. Due to their high-efficiency coefficients, crystalline-silicon products are ideal for residential buildings. Because residential buildings have limited space, crystalline silicon PV products have become the most popular material choice for buildings, particularly roofs.

Geographical Analysis

Due to growing decarbonization initiatives and growing government support, Europe dominates the market

Buildings in the EU account for roughly 40% of total energy consumption and 36% of total greenhouse gas emissions. From 2020, the EU's Energy Performance of Buildings Directive mandates that all newly constructed buildings be almost zero-energy. In 2050, however, new structures will account for only a small portion of the total number of buildings. The forthcoming renovation wave must use all available alternatives to decarbonize all new and existing buildings in the EU to reach climate neutrality by mid-century. Solar energy can be smoothly integrated into a building's windows, roof tiles and facade cladding using BIPV technology. With over 200 products currently available, Europe is the world leader in BIPV.

In some countries, additional incentives are offered for building-integrated photovoltaics and feed-in tariffs for stand-alone solar systems. Since July 2006, France has given the largest incentive for BIPV, equivalent to an additional premium of US$ 0.25/kWh (EUR 0.25/kWh) paid on top of the 30 Eurocents for PV systems. The incentives come from a discounted tariff for electricity fed into the grid. The region has set EU 2030 energy target on a regional scale, which is only 9 years from 2021. The framework aims for renewable energy to account for at least 32% of the region's total energy consumption. The presence of 27 nations in this framework will impact solar technology demand. BIPV, in which existing building stocks are modified to decarbonize, is one approach for speeding up photovoltaic adoption.

Various initiatives by the governments boost the growth of the BIPV glass market. For instance, Eric Wiebes, the Dutch Minister of Economic Affairs and Climate Change has given a letter to parliament describing the planned household solar net-metering prices, which will take effect in 2023 when the existing system expires and last until 2030. Net metering payments for surplus power sent back into the grid, which is currently equal to the wholesale electricity price, will decrease in value by 9% each year under the new rules, falling to 64% of the current price in 2026, 28% in 2030. No tariffs will be charged for excess power delivered into the grid from household systems after 2031.

Moreover, French Minister of the Environment Barbara Pompili announced new bonus incentives for the BIPV project and aspires to produce 1 GW of "Made in France" solar tiles by 2025. The companies are utilizing new strategies to expand their market presence. For instance, in 2021, Ertex Solar, a manufacturer of customized solar modules, found a new cooperation partner in Pholtec, a developer of roofing systems for terraces based in Schongraberna. With the new cooperation, Ertex Solar gets a new distribution channel for the modules from the production in Amstetten. The company is hunting the strategy of bringing its products into facades or roofs through cooperation with sales partners from the building industry.

Moreover, in 2021, Hevel Solar launched a heterojunction solar module for BIPV with a nominal power of 395 W. The panel has a conversion efficiency of 22.3% and a temperature coefficient of around 0.28% Celsius. The price of 1m2 of BIPV is similar to middle-range hinged ventilated facades.

Global BIPV (Building Integrated Photovoltaics) Glass Market Competitive Landscape

The global BIPV (Building Integrated Photovoltaics) glass market is a niche, growing and competitive market. The major players in the market include AGC Inc, Onyx Solar Group LLC, 1Nippon Sheet Glass Co., Ltd, Canadian Solar, Wuxi Suntech Power Co., Ltd, First Solar, UAB «GLASSBEL BALTIC», TAIYO KOGYO CORPORATION, ViaSolis and Solarwatt.

The market is fragmented and market players employ market tactics such as mergers, acquisitions, product launches, contributions and collaborations to gain a competitive advantage and recognition. For instance, on March 12, 2020, Onyx Solar Group LLC announced that the Dubai Electricity and Water Authority's (DEWA's) Research and Development (R&D) Centre at the Mohammed bin Rashid Al Maktoum Solar Park used its photovoltaic system for construction.

Onyx Solar Group LLC

Overview: Onyx Solar Group LLC focuses on manufacturing transparent photovoltaic cells that find applications in architectural structures. The company mainly utilizes heat-treated safety glass to manufacture facades, curtain walls, terrace floors, canopies and atriums.

The company was established in 2009 and has fulfilled over 350 projects across 50 countries. The company's production capacity is 2 million Square-feet and is compliant with ISO 14001 and ISO 9001. The company's photovoltaic glass portfolio mainly consists of two glass classes: crystalline silicon glass and amorphous silicon glass. Most of the company's products comply with UL and IEC certifications.

Product Portfolio:

• AMORPHOUS SILICON PHOTOVOLTAIC GLASS: The product offers a combination of efficient power generation and attractive aesthetics to modern structures.

Key Development:

• March 12, 2020, Onyx Solar Group LLC announced that COIMA employed its photovoltaic glass facade system to construct the Gioia 22 tower, a major company landmark of COIMA.

Why Purchase the Report?

• To visualize the global BIPV (Building Integrated Photovoltaics) glass market segmentation based on type, raw material, technology, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global BIPV (Building Integrated Photovoltaics) glass market by analyzing trends and co-development.
• Excel data sheet with numerous data points of BIPV (Building Integrated Photovoltaics) glass market-level with four segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Raw Material mapping available as excel consisting of key products of all the major market players

The global BIPV (Building Integrated Photovoltaics) glass market report would provide approximately 85 tables, 90 figures and almost 320 pages.

Product Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies