Europe Building-integrated Photovoltaics Market (By Technology: Crystalline Silicon, Thin Film; By Application: Roof, Façade, Glass; By End-use: Residential, Commercial, Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030

The Europe building-integrated photovoltaics market was estimated at USD 4.11 billion in 2021 and it is expected to surpass around USD 35.98 billion by 2030, poised to grow at a CAGR of 27.26% from 2022 to 2030.

Rising demand for crystalline silicon (C Si) based Building-integrated Photovoltaics (BIPV) generated the premier revenue share on account of the high strength of the product.

Increasing demand for facade integration stems from the growth of building and construction industry, primarily in the developing economies in European region. The introduction of ventilated photovoltaic facades provides superior benefits such as greater yield in low irradiation and high temperature conditions, reduction of acoustic pollution, elimination of thermal barriers, and superior insulation performance.

The demand for building-integrated photovoltaics in Europe is anticipated to grow on account of the rising demand for aesthetically appealing solar energy-harnessing systems. According to a report published in Netherlands titled The Relative Importance of Aesthetics in the Adoption Process of Solar Panels in the Netherlands, aesthetic value of a solar panel is the greatest variable for 40% of buyers once the price is in a reasonable range. Hence, consumer preference towards BIPV products having good aesthetic value is gaining momentum which is anticipated to drive the market for black colored panels in the region during the forecast period.

Germany is one of the top country level market for the Europe accounting for 25.11% of the market share in 2019. The demand for building-integrated photovoltaics in roofs accounted for the highest market share driven by ease of product installation. BIPVs can be installed easily in the building roofs post-construction of the building as it requires minimal renovations. Besides, the segment has realized high technological advancements, which is expected to result in a decline in the overall installation costs leading to market growth over the forecast period.

Rising concerns regarding environmental pollution caused using non-renewable sources of energy are anticipated to drive the Europe BIPV market over the forecast period. The demand for the integration of photovoltaics stems from the superior aesthetic properties they impart. Building-integrated photovoltaics can replace regular roofs, windows, and building walls without compromising the aesthetics of the building, thereby leading to an increased adoption.

The presence of significant industry participants such as AGC Inc.; Canadian Solar; UAB GLASSBEL BALTIC; Onyx Solar Group Inc.; BiPVco; ISSOL sa; Heliatek GmBH; Polysolar; Flisom; ertex solartechnik GmbH; and Hanergy Mobile Energy Holding Group Limited will further aid market penetration.

Scope of The Report

Technology Insights

Based on technology, the Europe building-integrated photovoltaics market is segmented into crystalline silicon (C-Si), thin-film, and others. Crystalline silicon technology-dominated held the leading revenue share in 2019. High strength of crystalline silicon building-integrated photovoltaics coupled with superior resistance to adverse weather conditions were the major factors for this dominance. The market for crystalline silicon (C-Si) is expected to be driven primarily by the declining price of crystalline silicon cells, which is, in turn, expected to lower the installation cost in the coming years.

Thin-film BIPV expected to witness sustained growth over the forecast period due to rapid technological advancements leading to the introduction of advanced products. This technology is readily used in case of considerable weight constraints for the building. In such cases, the building envelope is unable to support the weight of crystalline silicon integration, leading to high demand for thin-film integrated installation.

Other technology segment includes advanced integrated photovoltaic manufacturing technologies such as dye sensitized (DSC) and organic photovoltaics (BIOPV). The demand is expected to be driven by the superior energy bandgap of organic photovoltaics. Rapid technological advancements have led to a significant increase in the efficiency of organic PVs, which is, in turn, anticipated to boost their demand over the next seven years

End-use Insights

Based on end use, the market is segmented into industrial, commercial, and residential. In 2019, the commercial was the largest end-use segment. Residential application is projected to register the fastest CAGR during the forecast period.

Presence of favorable regulations and measures adopted by the national agencies is anticipated to drive the demand for BIPV-integrated commercial establishments. Commercial establishments generate a high demand for integrated circuits on account of the increased awareness about the carbon footprint of buildings. The demand for the product in these establishments is estimated to be fueled by the use of high-efficiency photovoltaics.

The demand for residential BIPV is likely to stem from the favorable regulations passed by various authorities coupled with the high subsidies and other monetary benefits provided by the national governments. Increasing adoption of integrated solutions by residential areas in Germany and France is expected to drive the product demand over the forecast period.

The demand for building-integrated photovoltaics in industrial applications is expected to be fueled by their growing usage in a bid to reduce the reliance on non-renewable energy sources. The segment is anticipated to expand in the wake of commercial buildings in Europe. In addition, companies in developed economies in Europe exhibit an increased tendency toward the use of integrated photovoltaics in a bid to improve the aesthetic appeal of buildings.

Application Insights

Based on the application, the market is segmented into roof, wall, glass, façade, and others. The roof was estimated as the largest segmental market with an estimated value of USD 1.2 billion in 2019 and is projected to reach more than USD 9 billion by 2027.

The segment accounted for the highest market share in 2019 owing to the higher strength of integrated roofs coupled with the improved aesthetic appeal of integrated roofs and skylights. The demand for building integrated roofs is expected to increase over the forecast period due to the development of superior products.

Rapid technological advancements are expected to result in the production of advanced products. Incorporation of dimming, lighting, and self-cleaning modes of operation coupled with the use of monolithic integrated circuit design is also expected to bolster the demand. The use of optics to improve the performance of BIPV glass is likely to boost product demand over the next seven years.

Others application segment includes shading and membranes. The demand for such products is high in residential installations due to the development of lightweight materials for use in uneven surfaces. The installations do not generally use crystalline silicon photovoltaic module, as the structure is incapable of supporting heavyweights. The demand for thin-film photovoltaic modules for such installations is likely to drive the market over the forecast period.

Country Insights

The market has witnessed increased product adoption in the recent past owing to the high aesthetic appeal of integrated photovoltaics. Increasing consumer awareness regarding the use of solar energy systems are expected to drive the demand for the BIPV facade during the forecast period.

The government of France offers the highest FiTs for electricity generated through photovoltaic components, which are essentially integrated into the buildings. Capacity generated by the photovoltaics integrated into building envelopes accounts for a substantial share of the overall accumulated, installed capacity generated by photovoltaics in the country.

Companies such as Onyx Solar in Italy have expanded their BIPV distribution using R2M solutions. This move is aimed at catering to the increasing product demand in the country. In addition, the high consumer affinity toward the adoption of BIPV facade solutions is likely to drive the market over the forecast period. The demand for the product in residential and commercial establishments is anticipated to register high growth owing to the increased affinity toward them coupled with their declining cost.

Key Players

• AGC Inc.
• Canadian Solar
• Onyx Solar Group Inc.
• ISSOL sa
• Hanergy Mobile Energy Holding Group Limited.

Market Segmentation

• By Technology Outlook

• Crystalline Silicon (C Si)
• Thin Film
• Others
• By Application Outlook
• Roof
• Façade
• Wall
• Glass
• Others
• By End-use Outlook
• Commercial
• Residential
• Industrial
• By Country Outlook
• Germany
• Italy
• Spain
• France
• The U.K.
• Switzerland