Asia Pacific BIPV Glass Market Forecast to 2031 - Regional Analysis - by Material (Crystalline Silicone, Amorphous Silicone, and Others), Glazing Type (Single Module and Double Module), Component Type (BIPV Glass Roofs, BIPV Glass Facades, and Others), an

Asia Pacific BIPV Glass Market Forecast to 2031 - Regional Analysis - by Material (Crystalline Silicone, Amorphous Silicone, and Others), Glazing Type (Single Module and Double Module), Component Type (BIPV Glass Roofs, BIPV Glass Facades, and Others), and End Use (Residential, Commercial, Industrial, and Others)

The Asia Pacific BIPV glass market was valued at US$ 1,494.02 million in 2023 and is expected to reach US$ 6,661.10 million by 2031; it is estimated to register a CAGR of 20.5% from 2023 to 2031.

Rising Popularity of Solar Energy Boosts Asia Pacific BIPV Glass Market

The upsurging use of solar energy is revolutionizing the construction industry and sustainable energy landscape. As societies across the world grapple with the urgent need to transition toward renewable energy sources and mitigate the impacts of climate change, solar power has emerged as a frontrunner due to its abundance, accessibility, and environmental benefits. The growing solar energy adoption fuels the demand for innovative solutions such as BIPV glass to seamlessly integrate solar technology into building structures. Governments, businesses, and individuals are increasingly embracing solar power as a means to reduce carbon emissions, combat air pollution, and enhance energy security. BIPV glass plays a pivotal role in this transition by enabling buildings to generate their renewable energy while simultaneously fulfilling their functional and aesthetic requirements. Moreover, the versatility and design flexibility offered by BIPV glass contribute to its growing popularity in the construction industry. Unlike traditional solar panels, which are often bulky and visually intrusive, BIPV glass can be seamlessly integrated into building facades, windows, and roofing systems without compromising architectural aesthetics. This versatility allows architects and developers to incorporate solar energy solutions into their designs while maintaining the desired aesthetic appeal and enhancing the overall value of the property. Thus, rising popularity solar energy drives the growth of the BIPV glass market.

Asia Pacific BIPV Glass Market Overview

The BIPV glass market in Asia Pacific is driven by factors such as the increasing demand for sustainable and energy-efficient buildings, growth of the building & construction industry, and others. In recent years, the use of BIPV solar panels has gained wide application in the construction industry, especially in the design of energy-efficient buildings. The panels contribute to a green future and improve building performance by reducing dependence on fossil fuels. Energy efficiency and renewable energy are key factors in the transition of the region's buildings sector, driving the demand for BIPV glasses. In addition, the building & construction industry is growing rapidly in Asia Pacific due to increasing investments in the residential and commercial construction sectors, growing population, and urbanization. The growth of the industry in the region positively impacts the demand for BIPV glass from residential, commercial, and industrial applications. Asia Pacific is home to some of the major BIPV industry players and many small players. The presence of these players contributes to the growth of the BIPV glass market in the region. These players partner with construction firms and architects to tailor BIPV solutions to regional demands. Also, market players operating in the region are focusing on adopting various strategies such as new product launches and investments in research and development. In April 2022, Japanese glass manufacturer AGC developed a building-integrated PV panel for different building requirements. It can be installed on facades, curtain walls, and canopies where normal glass can be placed. According to the company, SunJoule panels can be adapted to different building requirements. Also, SunJoule is available with monofacial or bifacial cells, and the cell arrangement can be customized according to a client need. Such developments by the market players fuel the BIPV glass market growth in Asia Pacific.

Asia Pacific BIPV Glass Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific BIPV Glass Market Segmentation

The Asia Pacific BIPV glass market is categorized into material, glazing type, component type, end use, and country.

Based on material, the Asia Pacific BIPV glass market is segmented into crystalline silicone, amorphous silicone, and others. The crystalline silicone segment held the largest share of Asia Pacific BIPV glass market share in 2023.

In terms of glazing type, the Asia Pacific BIPV glass market is bifurcated into single module and double module. The double module segment held a larger share of Asia Pacific BIPV glass market in 2023.

By component type, the Asia Pacific BIPV glass market is divided into BIPV glass roofs, BIPV glass facades, and others (windows and floors). The BIPV glass roofs segment held the largest share of Asia Pacific BIPV glass market in 2023.

Based on end use, the Asia Pacific BIPV glass market is categorized into residential, commercial, industrial, and others. The commercial segment held the largest share of Asia Pacific BIPV glass market in 2023.

By country, the Asia Pacific BIPV glass market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific BIPV glass market share in 2023.

Koch Industries, Inc.; AGC Inc.; Nippon Sheet Glass Co., Ltd.; Vitro, S.A.B de C.V; Onyx Solar Group LLC.; Roofit.Solar; and Hanergy Holding Group Ltd. are some of the leading companies operating in the Asia Pacific BIPV glass market.

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