Building Integrated Photovoltaics Roofing Market is anticipated to Witness High Growth Owing to Rising Concerns Over Global Warming

 

BIPV Roofing Market

BIPV or Building Integrated Photovoltaics is a key component in green buildings that generates solar power by being integrated into the roof design or outer skin of a building. BIPV modules replace conventional building materials in parts of the roof, skylights or facades and are functional aesthetic solar panels that can generate clean energy. In addition to being aesthetically pleasing, BIPV roofing systems offer reduced construction and maintenance costs, optimize usable space and generate solar power to meet a portion of the buildings electricity needs, thereby reducing the carbon footprint.

The Global BIPV Roofing Market is estimated to be valued at US$ 27.63 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2030.

 

Key Takeaways

Key players operating in the BIPV Roofing are XCMG Group, SANY Group, Zoomlion Heavy Industry Science & Technology Co., Ltd., AICHI CORPORATION, Altec Industries, Bronto Skylift, Hunan RUNSHARE Heavy Industry Company, Ltd., Dinolift, HAULOTTE GROUP, Hunan Sinoboom Intelligent Equipment Co, Ltd., JLG Industries, Inc., Manitou Group, Niftylift (UK) Limited, Skyjack, Zhejiang Dingli Machinery Co, Ltd., Linamar Corporation, Manitex International.

 

The growing demand for green buildings and solar energy is fueling the adoption of Global BIPV Roofing Market Share. Government incentives and subsidies for installation of solar panels is encouraging businesses and homeowners to choose BIPV roofing over conventional roofing materials.

 

Key players are expanding their operations globally to cater to the growing demand. For instance, CertainTeed, a leading manufacturer of BIPV shingles has expanded to Asia Pacific and European markets. Partnerships between module manufacturers and roofing contractors is helping accelerate the installation of BIPV roofing worldwide.

 

Market Drivers

One of the key drivers for the BIPV roofing market is the rising awareness about green buildings and sustainability. Governments across nations are enacting strict regulations to reduce carbon emissions from buildings by promoting use of renewable energy sources like solar. Financial incentives like tax rebates on investments made towards installation of solar panels is attracting more customers towards BIPV roofing systems. The lowered Levelized Cost of Energy from solar power generation compared to fossil fuels is driving businesses and households to harness solar energy through BIPV integration with roofing structures.

 

The current geopolitical situation is impacting the growth of the BIPV Roofing Market in several ways. Rising geopolitical tensions and threats of conflicts between major countries is creating uncertainty in the market. Many companies are hesitating in making large investments in new projects and expansion plans amid ongoing geostrategic risks. This is hampering the demand growth of BIPV roofing systems in the short-term. Furthermore, supply chain disruptions caused by trade wars and sanctions imposed by Western countries on China and Russia is affecting the availability of key components and raw materials required for BIPV roofing. This is negatively impacting the production volumes and timely delivery of products to customers globally.

 

However, this situation is also driving the need to strengthen energy security and reduce dependence on imports from politically unstable regions. Many countries are planning mega solar projects and introducing supportive policies to boost their domestic solar manufacturing base. This is expected to boost the adoption of BIPV roofing systems in the coming years for both commercial and utility-scale projects. Additionally, increasing focus on achieving net-zero emissions targets will further accelerate the deployment of solar technologies. Both developed and developing nations are likely to offer attractive subsidy schemes and incentives for solar roof installations to meet their climate commitments. This can open up new growth avenues for BIPV roofing vendors worldwide.

 

Europe accounted for the largest market share in the global BIPV Roofing Market in terms of value in 2024 owing to strong policy support and high solar installed capacity in key European countries including Germany, the United Kingdom, France, Netherlands and others. Strategic partnerships between major BIPV manufacturers, construction companies, roofing material suppliers and installers have helped in the rapid adoption of BIPV roofing solutions across commercial and residential sectors in Europe. The Asia Pacific region is projected to be the fastest growing market during the forecast period driven by large solar infrastructure projects and supportive net-metering policies in major emerging economies like China, India and Southeast Asian nations.

 

The Middle East region is expected to emerge as a high potential market for BIPV roofing given the ample solar resources and extensive roof areas available on buildings. Governments across Middle Eastern countries are implementing various incentive schemes to encourage distributed solar generation through BIPV rooftop installations. This is anticipated to boost the demand for BIPV roofing films, solar shingles and panels in the commercial, industrial as well as residential construction segments across nations such as UAE, Saudi Arabia, Oman, Qatar and others.

 

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