Global Building Integrated Photovoltaics (BiPV) Market to Reach $20.1 Billion by 2026
Building Integrated Photovoltaics (BIPV) refers to the use of solar panels, shingles and modules for generating electricity in a building, wherein the panels are integrated into roof tiles, facades, awnings, windows, and other building components. BIPV is essentially a new age building material that can be used as replacement of conventional building materials. For instance, in a BIPV project spandrel glass (in arch spaces), skylights, or roofing materials will be substituted with architecturally equivalent PV modules, thereby performing dual function of constructing roof membrane and power generator. Integrated photovoltaic arrays in the buildings are being used as an ancillary or principal source of electricity in many domestic and industrial buildings. BIPV systems are fixed to a utility grid and can be designed as both standalone and off-grid systems. Grid-connected BIPV system supplies power to onsite production facility, which is larger at the time of a building's peak loads. Peak shaving and demand-side-management (DSM) capabilities deliver energy cost savings.
Amid the COVID-19 crisis, the global market for Building Integrated Photovoltaics (BiPV) estimated at US$10.7 Billion in the year 2022, is projected to reach a revised size of US$20.1 Billion by 2026, growing at a CAGR of 12.4% over the analysis period. C-Si, one of the segments analyzed in the report, is projected to record a 12.3% CAGR and reach US$16.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Thin Film segment is readjusted to a revised 13.6% CAGR for the next 7-year period.
Xiamen Optimum Sun Energy have been seeing the market prospect, our company has greatly improved the production line. Currently, the types of BIPV that can be produced: double-glass crystalline silicon solar panels (transparency 10%~80%), double-glass crystalline silicon solar modules of various colors, customized solar panels, blinds Solar modules, all kinds of special-shaped solar modules to meet customer needs