Photovoltaics (PV) is an elegant way of generating power on-site, straight from solar energy. These solid-state devices generate power from the sunlight without maintenance needs; moreover, they don’t lead to pollution or material depletion. PV power systems for individual buildings are the most common of these distributed applications. In building-integrated photovoltaics, PV elements become an essential part of the building and serve as the outer weather. PV experts and creative designers in Europe, Japan, and the US are currently experimenting with new ways of incorporating solar energy into their work. Thus, photovoltaic modules are integrated into the building envelope, such as the roof or the facade, constituting a building-integrated photovoltaics (BIPV) system.
ClearVue Technologies Limited, AGC Inc., Onyx Solar Group LLC, Metsolar, and Heliatek – Prominent Market Participants in building integrated photovoltaics Market
The global building integrated photovoltaics market based on geography the European region accounted for the highest share in the global building integrated photovoltaics market in 2020 and is also expected to grow at the largest CAGR over the forecast period. Europe is the major contributor to the building integrated photovoltaics market, followed by North America and APAC, respectively. In addition to regional diversification, increasing government incentives, renewable energy targets, and rising investments in solar technology are the major factors driving the market in this region.
ClearVue Technologies Limited, AGC Inc., Onyx Solar Group LLC, Metsolar, and Heliatek are some of the key market players operating in the global building integrated photovoltaics market. The listing of key players is derived by considering multiple factors such as overall revenue, current building integrated photovoltaics product portfolio, geographical reach, new product launches, market initiatives, and investment in technology up-gradation, partnerships, and other market-related activities. In addition to these players, there are several other important players operating in the building integrated photovoltaics ecosystems which were studies analyzed during this market research study, such as ertex solartechnik GmbH, ISSOL sa, ASCA SAS, Saule Technologies, and Waaree Energies Ltd.
Most of the market initiatives were observed in APAC and Europe regions, which have a high potential for market-related products, solutions, and services. A few of the important market initiatives from the industry are mentioned below:
| Year | Development | Region |
| 2021 | Soltech is getting a new lease on life thanks to AGC Glass Europe. The imec spin-off, which specialises in building-integrated photovoltaics (BIPV). The AGC is putting US$2.06 million (€1.9 million) into the project. It will manufacture custom solar panels for roofing, canopies, glazing, and acoustic screens, as well as solar modules for vehicles. Collaboration with Energyville, imec, IMMOMEC, and UHasselt at the existing production site in Tienen (Belgium). In the Thor Park in Genk, there are plans in the works for a completely new production facility. The end of 2022 is set for the completion of this high-tech business campus, which is being developed by LRM, the City of Genk, and KU Leuven. | APAC |
| 2021 | GARBE Renewable Energy – GREEN GmbH, a subsidiary of GARBE Industrial Real Estate GmbH, has unveiled the film photovoltaic system installed on the external façade in collaboration with Heliatek GmbH and ADLER Smart Solutions GmbH. Furthermore, representatives from the European Commission’s funding commission, the project partner COMSA, and representatives from the companies involved officially commissioned the project, which is funded by the EU (European Union) under the ‘LIFE’ programmed. | Europe |
