Building Integrated Photovoltaics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Building Integrated Photovoltaic Market size is estimated at USD 13.45 billion in 2025, and is expected to reach USD 38.33 billion by 2030, at a CAGR of 23.31% during the forecast period (2025-2030).

Key Highlights

• Over the medium period, factors such as high-rise multi-story buildings and supportive government initiatives are expected to drive the market during the forecast period.
• On the other hand, the high installation cost compared to rooftop PV systems will likely negatively impact the market’s growth.
• Nevertheless, the rapid urbanization and development of smart cities are enormous opportunities for BIPV systems. The governments of almost all countries are moving toward renewables-oriented energy policies to reach their carbon neutrality goals.
• Asia-Pacific is expected to dominate the building-integrated photovoltaics market due to declining solar technology costs in the region.

Building Integrated Photovoltaic (BIPV) Market Trends

Residential Segment is Expected to Have a Significant Market Growth

• As residential construction surges, so does the integration of Building-Integrated Photovoltaics (BIPV). With each new home, opportunities arise to embed solar technologies into roofs, facades, and windows. This trend is further fueled by sustainability regulations, energy efficiency aspirations, and declining costs of solar technologies.
• Globally, housing demand is on the rise, driven by urbanization, population growth, and a burgeoning middle class. These factors outstrip housing supply, pushing prices up and creating affordability challenges.
• Housing plays a pivotal role in the U.S. economy, encompassing new constructions, existing home sales, and home improvements, all of which bolster the GDP. Data from the US Census Bureau highlights a significant uptick in public residential construction spending in the U.S. between 2019 and 2024. Public sector expenditures on residential projects jumped from nearly USD 6.89 billion in 2019 to an impressive USD 11.7 billion in 2024. With projections indicating a continued rise in the value of new residential constructions, these trends bode well for the BIPV market.
• Furthermore, Companies are actively embedding PV technology into homes. A notable example: In February 2025, a Canadian firm launched semi-transparent and opaque solar PV railing systems.
• Amidst global energy crises and a push for a decarbonized electricity sector, decentralized electricity generation is gaining traction. As a result, the residential sector is poised to lead the charge in BIPV technology deployment in the coming years.

Asia-Pacific is Expected to Dominate the Market

• Asia-Pacific has adeptly adopted solar PV technologies across various industries, achieving notable cost-effectiveness. The region's solar technology has matured, with prices consistently declining.
• China, India, Japan, and ASEAN nations have showcased their prowess in solar power generation, pioneering innovative technologies like BIPVs and rooftop installations. Notably, China's production in the PV industry surpasses 50% of the global scale, solidifying its position as a frontrunner.
• BIPVs are pivotal in the construction sector, championing sustainability by harnessing clean energy, curbing carbon emissions, and enhancing energy efficiency. As green building certifications gain momentum, PV-integrated buildings are set to emerge as paragons of sustainable development, steering us towards a greener future.
• China is ambitiously targeting its climate objectives: peaking carbon dioxide emissions before 2030 and achieving carbon neutrality by 2060. As per the Action Plan for Carbon Dioxide Peaking Before 2030, introduced by China's State Council in October 2021, there's a pronounced push for renewable energy in buildings, emphasizing solar panel integration.
• In its latest energy White Papers, the Chinese government underscores its commitment to elevating energy-saving building standards. Supporting this vision, over 31 provinces have rolled out policies championing green building construction.
• China is also at the forefront of developing new BIPV products. For example, in February 2025, UtmoLight's gigawatt-scale perovskite solar module facility in Wuxi commenced production, focusing on ultra-large perovskite modules and BIPV products, with an anticipated annual output of 1.8 million modules.
• Japan is not to be outdone in the BIPV arena. In August 2023, Panasonic Holdings Corporation unveiled a prototype of building-integrated Perovskite photovoltaics glass, initiating a year-long technical test at the "Future Co-Creation FINECOURT III" model house in Fujisawa Sustainable Smart Town, Kanagawa Prefecture.
• As Japan approaches its 2030 renewable energy commitments and decarbonization targets, it's exploring avenues to bolster its renewable energy stance. With solar power facing land development challenges, BIPV emerges as a swift solution for expanding generation capacity. Both national and regional Japanese authorities are rolling out policies to promote BIPV system installations in homes and businesses.
• Given these advancements, Asia-Pacific is poised to lead the market in the foreseeable future.

Building Integrated Photovoltaic (BIPV) Industry Overview

The building-integrated photovoltaics market is semi-consolidated. The key players in this market (not in particular order) include Onyx Solar Group LLC, SUNOVATION GmbH, Mitrex INC., NanoPV Solar Inc., and Polysolar Limited.

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