Global BIPV Glass Market, 2016–2024

nancymoore

Increasing awareness about the reduction of carbon footprint is positively impacting the growth of the global BIPV glass market.

Published By:Zion Market Research

BIPV Glass Market Competitive Dynamics & Global Outlook 2024

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BIPV Glass Market

Global BIPV Glass Market: Overview

BIPV stands for building integrated photovoltaic. It is mainly panes of glass with embedded

photovoltaic cells between two glass sheets. BIPV glass is used to make construction parts

such as atrium roof, skylights, curtain walls, and facades. BIPV glass resists harmful

radiation and allows entry of clean energy. This glass is sound and heat resistant in nature

and allows entry of natural light. BIPV glass supports electricity generation and provides

glare protection, thermal management, effective shading, and light management. For

instance, Solaria Corp.—a solar technology firm based in California—and Asahi Glass Co.

Ltd.—a Japanese glass producer—declared to launch a new BIPV solution for markets in

Japan and South East Asia. The Solaria incorporate this new technology for windows and

building facades and the new product is called as Sudare powered-by-Solaria.

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Global BIPV Glass Market: Segmentation

The global BIPV glass market is segmented on the basis of end-use as industrial buildings,

commercial buildings, residential buildings, and others. Of these, residential buildings

segment is the leading end-use segment in the global BIPV glass market and is anticipated

to grow at faster rate in the near future. Geographically, the global market is segmented as

North America, Europe, Middle East, Latin America, and Rest of World.


BIPV Glass Market

Global BIPV Glass Market: Growth Factors

Increasing awareness about the reduction of carbon footprint is positively impacting the

growth of the global BIPV glass market. People are moving towards electricity generation

through renewable and conventional sources at lower cost, this, in turn, is expected the

boost the global market in near future. The construction sector accommodates the largest

market share in the global BIPV glass market. BIPV modules are extensively used in the

construction of commercial buildings, educational, corporate, residential buildings, hospitals,

retail outlets, and hotels, which drivers the demand for BIPV glass in the market. Rising

investments in the architectural segment are also anticipated to propel the growth of the

global market.

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Global BIPV Glass Market: Regional Analysis

Asia Pacific accommodated for the highest market share in BIPV glass market owing to

higher investments in the construction sector. Increasing disposal income and changing

lifestyle are anticipated to further boost the growth of the global market. North America is the

second highest regional segment due to changing demand of buyers for more attractive

construction, which is expected to fuel the market in the near future. Moreover, the U.S.

holds for the largest market chunk in the BIPV glass market. Exponential growth in Europe

for zero-net energy buildings is positively impacting the global market growth. The

government initiatives in North America are anticipated to foster the BIPV glass market in

the coming years.


BIPV Glass Market

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Global BIPV Glass Market: Competitive Players

Some of the major companies operating in the global BIPV glass market include EMMVEE

Solar Systems Private Limited, Hanwha Solar One, Suntech Power Co., Ltd., Hanergy,

Onyx Solar, Asahi Glass Co., Ltd., First Solar, Canadian Solar, DuPont, and Ascent Solar.

Other key players influencing the global market are Sun Power, Centrosolar Group AG, GE,

Pythagoras Solar, Solar Frontier Pilkington, and Power Film, Inc.

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