Global BIPV (Building Integrated Photovoltaics) Glass Market - 2020-2027
The global BIPV (Building Integrated Photovoltaics) glass market size was worth US$ XX billion in 2019 and is projected to show unprecedented growth by reaching up to US$ XX billion by 2027, growing at a CAGR of XX% during the forecast period (2020-2027).
Photovoltaics is one of the most promising renewable energy technologies. It is an exquisite means of directly producing electricity from the sun without hampering the environment and energy supply. These solid-state devices are designed to use the sunlight to make electricity with no maintenance, no pollution and no materials depletion.
Building-integrated photovoltaics is an application of photovoltaics where the P.V. elements become an integral part of the building and are installed in the roof, walls of buildings or façade. BIPV serves as building envelop material and power generators coupled with savings in materials and electricity costs. BIPV system also reduces the use of fossils and emission of ozone depletion gases coupled with adding architectural interest to the building.
A complete set of BIPV is composed of a P.V. module such as thin-film or crystalline, transparent, semi-transparent or opaque modules, a charge controller, a power storage system, power conversion equipment, backup power supplies such as diesel generators, and appropriate support and mounting hardware, wiring and safety disconnects.
The BIPV system is available in different forms, such as float roof, pitched roof, facades, and glazing. Crystalline silicon solar panel, amorphous crystalline silicon thin-film solar P.V. modules, CIGS-based (copper indium gallium selenide) thin films and double glass solar panels with square cells inside are the four types of product for the BIPV market.
The global BIPV (Building Integrated Photovoltaics) glass market is driven by growing investment by the government towards the promotional activities to enhance the installation of P.V. in commercial facilities coupled with the growing deployment of solar energy harnessing systems. Increasing use of BIPV systems to save electricity costs, pollution reduction, and enhance the architectural appeal of a building is expected to propel the forecast period's BIPV glass market.
Growing government investments to enhance P.V. installation is commercial facilities coupled with the growing solar energy harnessing system's growing deployment
As per the article published in Energies 2020, the immense need to reduce emission incidences in these sectors has stimulated European legislators and other international research centers to decrease energy requirements using nearly Zero Energy Buildings solutions. Policies are designed to drive Zero Energy Buildings, Plus Energy Buildings design and innovation coupled with newly designed Building-Integrated Photovoltaics materials, concepts, and energy-efficient building materials BIPV has become a crucial development strategy targeting both the P.V. sector and the building sectors.
The Strategic Energy Technology Plan (SET-Plan) defined renewable technologies as the heart of the new energy system, with photovoltaic solar energy being the building block for the strategy. Countries like Europe, Germany, France, and others provide incentives for encouraging BIPV worldwide coupled with feed-in-tariffs, which was given force in 2006 in Europe. The U.K. offers 6.38 to 13.30p/Kwh, France offers 0.24 euro/Kwh, Spain 0.28 euros/Kwh, whereas Germany offers 0.05 euros/Kwh. Thus, these incentives attract people towards promoting BIPV across the globe, thus uplifting the global market of BIPV glass in recent times.
Increasing use of BIPV to save electricity cost, pollution reduction, and enhancement of a building's architectural appearance is triggering the BIPV glass market
BIPV serves a dual purpose as the outer layer of a structure and generates electricity for on-site use or export to the grid. BIPV system saves materials and electricity costs, reduces pollution, and adds to its architectural part. By replacing P.V. for standard materials during the initial days of construction, builders can decrease the incremental cost and eliminate costs and design issues for the separate mounting system.
As per the United States Department of Energy (DOE) projection, the BIPV system can provide up to 50% of the electric power necessities of the United States. The demand for BIPV system is continuously increasing every year due to the permanent decline of photo-electric module prices. Thus the growing demand for the BIPV and the unprecedented offering of electric current than the traditional system with no environmental harm are triggering the BIPV glass market in recent times and expected to increase even further in coming years.
In 2016, the head of Tesla Motors announced the solar roof, and these are the photo-electric modules that can replace ordinary tiles or metalized tiles. These tiles have the potential to make 98% of electricity as compared to standard solar panels.
High purchase and installation costs of BIPV, limited government support and limited public awareness are the factors hampering the market's growth
Lack of community confidence in the BIPV system due to the high capital cost of purchase and installation is the number one factor responsible for hampering the BIPV glass market's growth in recent times. The most common and widely used P.V. material in BIPV is crystalline silicon due to its proven high efficiency, however owing to such high cost, many researchers are focused on building a cost-effective material such as thin-film P.V. cells, which use less P.V. materials.
Simultaneously, energy efficiency is comparatively low, thus not expected to top the forecast period's market share table. The energy conversion efficiency of the BIPV system is also relatively low, with rates less than 20% and sensitive to weather patterns. Although many policies have been by different countries worldwide, most of them are focusing on P.V. in general, with very few being explicitly aimed at BIPV; therefore, limited government concern towards BIPV is severely hampering the market growth in few parts of the globe.
The public is aware of the high direct cost; not enough knowledge of the long-term benefits and payback period of the BIPV system is the biggest challenge facing the BIPV system current. Therefore limited BIPV awareness and the general perception is that the costs are prohibitive are expected to create hurdles for the market's growth in the forecast period.
COVID-19 Impact Analysis
The global BIPV (building-integrated photovoltaics) glass market has shown a slight decline due to the COVID-19 pandemic, as several manufacturing plants were shut for months. Further several countries have restricted production activities during the covid-19 pandemic. The major lockdown due to the COVID-19 outbreak leads to suddenly dropping down consumers' interest towards investing in something non-essential activity in such crisis and halt in construction sectors has severely hampered the business of BIPV (building-integrated photovoltaics) glass market due to disruption in the product's supply chain management.
The majority of businesses are shut down, and operations across several end-users of BIPV (building-integrated photovoltaics) glass such as commercial, residential buildings and industries are also compromised, thus dropping the product's global demand in 2020. Both offline and online stores of the BIPV (building-integrated photovoltaics) glass products were restricted for an unpredicted time interval; thus, such disruption in the distribution channel adds value to the dropping business of the current market.
The global BIPV (building-integrated photovoltaics) glass market is segmented based on raw material, type, glazing type, technology, application, end-user and region.
The growing conventional use of crystalline silicon modules, high efficiency, easily customizable with the greater nominal power capacity
In terms of technology, BIPV (building-integrated photovoltaics) glass is divided into - crystalline silicon, thin-film mounting system and others. The crystalline silicon is expected to dominate the global BIPV (building-integrated photovoltaics) glass market in the forecast period due to the increasing conventional use of crystalline silicon modules photovoltaics energy installations. Continuous development in material technologies coupled with the rising demand for integrated modules with enhanced efficiency up to 16% compared to the competitive segment boosts the crystalline silicon market in recent times.
Crystalline silicone P.V. glass is the most suitable material for buildings and facilities with good solar orientation, which offers maximum energy output. Apart from this, these glasses are easy to customize in terms of shape with greater nominal power capacity per SqFt. Therefore the factors mentioned above are adding to the global market of crystalline silicon in the forecast period.
For instance, in July 2017, the NGS group, the Pilkington brand owner today, announced that Pilkington Sunplus BIPV powered by NEXBuilding had received the clearance test by Kiwa Netherlands IEC61215 and IEC61730 certification standards. Pilkington Sunplus BIPV combines proven reliability and efficiency of crystalline silicon technology coupled with aesthetics, quality, performance, and design. The product supports the transition to sustainable buildings with smart facades and to reach zero energy buildings.
Rising government investments for promoting BIPV application among the population and growing adoption of renewable and sustainable energy source in the Asia-Pacific region is building the market for the region
The Asia-Pacific region is expected to grow the BIPV glass market faster in the conjecture period due to increasing government investment and rising awareness among the population. Chine is the leader of the Asia-Pacific market growth of BIPV glass in recent times as the country is adopting new and sustainable technology to build its market.
On the other side, Europe holds the largest market of around 40% of BIPV glass in 2019, with countries like Germany, France, and the U.K. covering the region's significant market share. The annual cumulated European installed capacity of BIPV is estimated to exceed 11GW by 2020, which can be achieved by focusing on renewable energy and the construction sector's green building movement.
In Europe, compared to the rest of the world, the BIPV non-glass roofing application has the largest market share, up to 50% and expected to maintain the momentum in the coming years. Therefore, the growing construction sector and the rising investment of government in providing incentives to promote BIPV in the region are the prime factors accelerating the European region's market growth.
The BVIP (building-integrated photovoltaics) glass market is fragmented with key global players in the market. Some of the key players contributing to the market's growth include Asahi Glass Co., Ltd, Solaria Corporation, Nippon Sheet Glass Co, First Solar, Canadian Solar Inc, Würth Solar, Dow Solar, Suntech Power, Scheuten Solar, Onyx Solar Energy S.L. and among others.
The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the BVIP (building-integrated photovoltaics) glass market globally. However, global players adopt product launching as the primary growth strategy to build revenue for the company and serve in the market.
• For instance, in April 2020, Shinnova, one of the country's first companies to develop Solaria's new advanced PowerXT 400W, is one of the highest power and most beautiful solar panels present today market
• In November 2019, NGS announced its joint development agreement between its subsidiary and Ubiquitous Energy. The joint development work targets developing, manufacturing, and integrating Ubiquitous Energy's ClearView Power technology into architectural window glass. The technology has the potential to produce solar electricity for buildings
Overview: AGC is a Japan-based company, products focused on the construction, automotive, and solar sector. It was founded in 1907 by Toshiya Iwasaki and is the first Japanese producer of sheet glass. AGC is one of the largest flat glass producing companies globally due to Glaverbel glass plants across Europe and F.G. industries across the North American region.
Product Portfolio: The company has a product portfolio of BIPV includes:
• Energy-Low-e Solar Control Glass: The product is the perfect combination of low-emissivity products' performance with solar control products' potential characteristics. The product ensures good thermal insulation and allows plenty of natural light into the building, avoiding excess heat penetration
• In May 2020, AGC's announced that its BIPV products had been adopted by Takanawa Gateway Station, which recently opened in March 2020
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