Building-Integrated Photovoltaics Market to Surge from US$ 21.4 Bn in 2024 to US$ 204.6 Bn by 2035

The global building-integrated photovoltaics (BIPV) market is on a path of exponential growth, reflecting the convergence of renewable energy, smart construction, and sustainable urban planning. Valued at US$ 21.4 Bn in 2024, the industry is expected to expand at a CAGR of 22.8% from 2025 to 2035, reaching an estimated US$ 204.6 Bn by the end of 2035.

This remarkable expansion highlights the increasing global emphasis on net-zero carbon targets, energy-efficient buildings, and technological innovations that blend aesthetics with functionality. Unlike conventional rooftop solar, BIPV integrates solar technologies directly into building envelopes, façades, roofs, skylights, and windows, transforming architectural elements into power generators.

Analysts’ Viewpoint on Building-integrated Photovoltaics Market Scenario

Analysts note that BIPV is more than just a renewable energy solution—it represents a redefinition of construction practices. Governments, corporations, and urban planners are prioritizing carbon-neutral development, and cities worldwide are adopting stricter building codes and sustainability standards. This makes BIPV an essential solution for both environmental and commercial goals.

While the primary driver is sustainability, aesthetic appeal and long-term cost savings are also contributing to adoption. Premium residential and commercial real estate developers are turning to BIPV to differentiate their projects, while building owners benefit from reduced operating expenses and improved asset valuation.

Another key factor is R&D investments by major players. Companies are focusing on lightweight, semi-transparent, and high-efficiency modules while forging partnerships with architects, general contractors, and city planners. As manufacturing costs decline through vertical integration and local partnerships, BIPV is becoming more affordable and accessible for widespread adoption.

Market Drivers

Rising Global Push toward Sustainable Construction and Net-Zero Targets

One of the strongest growth catalysts for BIPV is the global transition toward sustainability and climate resilience. Buildings account for nearly 40% of global energy use and one-third of greenhouse gas emissions, making them a focal point for energy transformation.

BIPV offers buildings the ability to generate their own energy, reducing dependency on traditional grids while cutting operating expenses. This aligns directly with ESG-driven investment trends, as green buildings typically command higher asset value, faster leasing cycles, and stronger investor interest.

Urbanization in Asia-Pacific and Europe further strengthens demand. Governments and municipalities are increasingly mandating renewable integration in new construction projects, creating vast opportunities for BIPV adoption.

Technological Advancements Enhancing Efficiency and Design

Traditional solar modules have long faced adoption barriers in urban settings due to bulkiness, limited flexibility, and aesthetic challenges. However, technological breakthroughs are reshaping the BIPV landscape:

Thin-film and semi-transparent modules allow solar integration into glass façades and skylights.

Lightweight laminates enable adoption without altering building design.

Advanced coatings and weather-resistant materials improve durability and lifespan.

Smart energy management systems integrated with BIPV provide real-time monitoring, predictive maintenance, and optimized usage.

These advancements not only boost conversion efficiency but also allow BIPV to become a design-friendly solution for architects and developers. In premium projects, it offers an aesthetic edge without compromising sustainability.

Technology Insights

Dominance of Silicon Photovoltaic Cells

Among the various technologies, silicon photovoltaic cells—particularly monocrystalline modules—lead the BIPV market due to their high conversion efficiency (20–23%), proven durability, and well-developed global supply chain.

Silicon’s adaptability enables manufacturers to create semi-transparent glass, flexible laminates, and lightweight panels, making it highly versatile for roofs, façades, and windows. With declining costs and scalability advantages, silicon remains the cornerstone of mass BIPV adoption.

Other emerging technologies include thin-film PV (CIGS, CdTe), organic solar cells, and perovskite-based solutions, each contributing to design flexibility and efficiency improvements.

Regional Insights

Europe: The Market Leader

Europe is expected to account for 38.3% of the global BIPV market share by 2025, cementing its position as the leader. The region benefits from:

Strong EU net-zero commitments and 2050 climate neutrality goals.

Financial incentives such as feed-in tariffs and green building subsidies.

Mature construction practices and advanced architectural integration.

The continent’s combination of policy support and sustainability-driven real estate demand ensures strong momentum for BIPV adoption.

Asia-Pacific: Fastest Growth Potential

Asia-Pacific (APAC) represents the fastest-growing BIPV market, fueled by rapid urbanization, smart city projects, and government-backed solar initiatives. Countries such as China, Japan, and South Korea are leading regional adoption, with strong policy frameworks and investment incentives driving uptake.

North America and Other Regions

North America is witnessing steady adoption through corporate sustainability commitments and state-level green building codes, while Latin America and the Middle East are emerging as new growth territories, supported by solar abundance and rising infrastructure investments.

Key Market Players

The competitive landscape is marked by both established energy players and innovative startups. Leading companies include:

Onyx Solar Group LLC – Specializing in solar glass and architectural integration.

AGC Inc. – Focusing on advanced solar glass solutions.

Tesla, Inc. – Known for solar roof tiles integrated with energy storage.

Sharp Corporation – A pioneer in thin-film and silicon-based BIPV.

First Solar, Inc. – Expanding into BIPV through acquisitions and R&D.

Recent Developments

May 2023 – First Solar acquired Evolar (a European perovskite solar developer) to enhance BIPV potential with next-generation technologies.

July 2025 – First Solar partnered with UbiQD to integrate quantum dot nanotechnology into BIPV modules, improving efficiency for applications in windows and façades.

Such collaborations underline the synergy between technology providers, construction firms, and material specialists in driving BIPV adoption.

Market Outlook and Opportunities

The building-integrated photovoltaics market is poised for mass adoption as cost structures improve and regulations tighten around sustainable construction. Over the forecast period, opportunities lie in:

Smart Cities and Urban Infrastructure – BIPV can become a standard in city planning.

Premium Real Estate Projects – Offering aesthetic appeal and ESG alignment.

Developing Economies – Where urbanization and renewable energy mandates converge.

Technology Integration – Combining BIPV with IoT, AI, and smart grid systems.

However, challenges remain, including high upfront costs, installation complexity, and the need for greater awareness among developers. Addressing these factors will be crucial for maximizing BIPV’s potential.

Conclusion

The Building-integrated Photovoltaics (BIPV) market represents a paradigm shift in how buildings are designed, constructed, and powered. With a projected rise from US$ 21.4 Bn in 2024 to US$ 204.6 Bn by 2035, growing at 22.8% CAGR, BIPV stands as one of the fastest-growing segments in renewable energy