The scope of our recent study on the "BIPV Glass Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Material, Glazing Type, Component Type, and End Use" includes the factors fueling the market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.

The BIPV glass market size was valued at US$ 4.63 billion in 2023 and is expected to reach US$ 17.62 billion by 2031; it is estimated to register a CAGR of 18.2% from 2023 to 2031.

The emphasis on sustainability and environmental consciousness is on the rise across the world. As a result, there is a growing preference for green buildings that are energy-efficient, resource-efficient, and environmentally friendly. These green structures rely on construction materials that meet specific sustainability and performance standards, which propels a need for innovative solutions in the construction industry. According to environmental studies experts, nearly 40% of the greenhouse gases and wastes come from the construction industry. According to data published by the International Energy Agency (IEA), 2022, energy demand in buildings increased by nearly 1% compared to 2021. Electricity consumption accounted for about 35% of energy use in buildings in 2022, up from 30% in 2010. There has been an increase in the demand for electric energy in residential and commercial buildings. Green buildings will reduce conventional energy consumption, causing a negligible impact on the natural environment of the project site. BIPV glass is an efficient solution to sustainability concerns, especially in commercial projects such as malls, institutions, manufacturing units, train stations, and airports where huge operating cost and energy utility is involved. BIPV glass generates clean energy for plants, factories, and office premises and enhances the aesthetics of the building by using it as a construction material. Major players operating in the construction industry pay high attention to Leadership in Energy and Environmental Design (LEED) ratings, green points, and sustainable buildings. BIPV glass boasts environmental performance and efficiency ratings in line with nearly zero-energy building (NZEB) standards, which means it helps meet various green building certifications such as Building Research Establishment Environmental Assessment Method (BREEAM) and Leadership in Energy and Environmental Design (LEED). Therefore, the rising demand for green buildings is expected to offer lucrative opportunities for the BIPV glass market during the forecast period.

Based on end-use, the BIPV glass market is segmented into residential, commercial, industrial, and others. The global BIPV glass market share for the commercial segment was the largest in 2023, and the residential segment is expected to register a higher CAGR from 2023 to 2031. The commercial sector includes sports facilities, government offices, hotels, corporate offices, and other commercial spaces. Different types of BIPV glasses are used to construct these facilities to reduce energy costs. In addition, rising investments in commercial construction projects and growing commercial construction activities worldwide propel the demand for BIPV glasses. Moreover, manufacturers are launching BIPV glass solutions for commercial construction to cater to the increasing demand. In March 2021, Vitro Architectural Glass announced the launch of Solarvolt BIPV glass modules to aid CO2-free power generation for commercial buildings.

The market is segmented into five main regions-North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Europe held the largest revenue share of the market in 2023. Supportive government policies, rising focus on sustainable and energy-efficient construction, and a strong presence of the construction industry bolster the BIPV glass market growth in Europe. In Europe, Italy ranks among the top countries across the globe for LEED-certified green buildings, reflecting its dedication to sustainable construction practices and energy efficiency. This drives the demand for BIPV glass. With a growing market for green buildings and the use of innovative practices, the country continues to pave the way for a greener future, which would provide opportunities for the BIPV glass market growth during the forecast period. Furthermore, the robust presence of the construction industry in Italy provides a strong foundation for the use of innovative building materials, such as BIPV glass.



Global BIPV Glass Market Breakdown - by Region

The report includes the segmentation of the global BIPV glass market as follows:

The global BIPV glass market is divided based on material, glazing type, component type, and end use. Based on material, the BIPV glass market is segregated into crystalline silicone, amorphous silicone, and others. In terms of glazing type, the market is bifurcated into single module and double module. On the basis of component type, the market is segregated into BIPV glass roofs, BIPV glass facades, and others. By end use, the market is segmented into residential, commercial, industrial, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific market is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America market is further categorized into Brazil, Argentina, and the Rest of South & Central America.


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