The market for building-integrated photovoltaics (BIPV) has experienced significant growth in recent years. It is projected to increase from US$20.5 billion in 2024 to US$25.46 billion in 2025, reflecting a compound annual growth rate (CAGR) of 24.2% (ResearchAndMarkets).

This historical growth can be attributed to heightened environmental awareness, a rising demand for sustainable building solutions, more stringent building energy codes and green building certifications, urbanization, the necessity for space-efficient renewable energy generation, fluctuations in energy prices, and an uptick in investment towards the research and development of BIPV products.

The building-integrated photovoltaics (BIPV) market is anticipated to witness substantial growth in the coming years. It is expected to reach US$58 billion by 2029, with a compound annual growth rate (CAGR) of 22.9%. The projected growth during this period is linked to increasing electricity costs and considerations for grid resilience, the expansion of BIPV applications beyond just rooftops, a growing demand for aesthetically appealing and customizable BIPV solutions, support from the architectural and construction sectors, and rising environmental concerns.

Key trends anticipated during the forecast period include the integration of BIPV into smart building and IoT systems, advancements in solar technology, collaborations among solar manufacturers, architects, and construction companies, trends towards net-zero energy and carbon-neutral buildings, and technological innovations in BIPV materials and designs.

The increasing demand for zero-energy buildings is anticipated to propel the expansion of the building-integrated photovoltaics (BIPV) market in the coming years.

The expected rise in cost-effective construction initiatives is projected to stimulate the growth of the building-integrated photovoltaics (BIPV) market in the future. This surge in cost-saving efforts can be linked to growing economic uncertainties, fierce competition, technology-driven efficiencies, and the increasing demand for sustainability and responsible resource management within the construction sector.

Prominent players in the global building-integrated photovoltaics (BIPV) market are focusing on technological advancements such as HPBC cell technology to improve energy efficiency, reduce costs, and enhance the aesthetic integration of solar panels into architectural designs.

The Asia-Pacific area represents the most significant market for Building-Integrated Photovoltaics (BIPV), contributing around 29 - 30% of the worldwide revenue share in 2024. This growth is attributed to swift urbanization, decreasing solar costs, and strong governmental backing in countries such as China, Japan, India, and Southeast Asia (GrandViewResearch).

China Building-integrated Photovoltaics (BIPV) Market Size & Outlook

The building-integrated photovoltaics market in China is projected to achieve a revenue of US$ 15,227.5 million by 2030. A compound annual growth rate of 25.1% is anticipated for the China building-integrated photovoltaics market from 2024 to 2030.

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