Poised for a solar revolution, the global BIPV market is forecast to grow at 19.7% annually through 2029, as architects and developers increasingly embed photovoltaic tech into the very fabric of buildings, merging sustainability with design.
Source : ornatesolar.com
The global market for Building-Integrated Photovoltaics (BIPV) is poised for substantial expansion, with projections indicating a rise from $17.1 billion in 2024 to $42.0 billion by 2029. This growth, at a compound annual rate of 19.7%, reflects a broader shift towards sustainable construction practices and the integration of renewable energy technologies directly into architectural design.
According to the report by BCC Research, the surge in BIPV adoption is being driven by a confluence of factors: escalating global energy demand, mounting environmental concerns, and favourable government policies incentivising solar energy. BIPV systems, which incorporate photovoltaic materials into building elements such as façades and rooftops, are increasingly seen as a dual-purpose solution—generating clean energy while enhancing building aesthetics and efficiency.
The study further explores the evolving technological landscape, ESG considerations, and the competitive dynamics shaping the sector. It underscores the role of innovation and regulatory support in accelerating market penetration, particularly in urban developments. As cities worldwide strive to meet carbon reduction targets, BIPV emerges as a pivotal component in the transition to greener, smarter infrastructure.
