The global BIPV roofing market size is expected to witness potential gains in the future, and register a significant CAGR of 14.65 % over the forecast period (2019 - 2027).The market was valued at US$ 2.4 billion in 2016, and is estimated to reach US$ 37.26 billion by 2027.

Market Overview

Photovoltaics is a potential renewable energy source. Photovoltaic materials can be used to replace conventional building materials in parts of the building envelope such as the roof, skylights, or facades. These materials are termed as building-integrated photovoltaics (BIPV). BIPV roofing offers a number of potential benefits and is considered a multifunctional technique. It can be used to generate electricity and replace conventional building materials as a significant weather barrier on residential building surfaces. Roofing systems in BIPV include tiles, shingles, standing seam products, and skylights. BIPV may hold potential to increase PV-suitable space on buildings. A complete BIPV system includes PV modules, a charge controller, a power storage system, a power inverter, backup power supplies, and mounting and support hardware. 

Market Dynamics

Growing consumer interest in distributed PV technologies and industry competition to reduce installation costs are stimulating the development of multifunctional PV products that are integrated with building materials. This in turn is expected to boost growth of the BIPV roofing market.  Several governments across the world are also focused on awarding subsidies for BIPV roofing. This is attributed to increasing focus on use of renewable sources of energy to mitigate the impact of greenhouse gases and carbon emission.  

However, BIPV roofing is associated with high costs for installation. Although BIPV roofing can be ideal for commercial spaces, individual customers in the residential sector interpret that the product should cost more, owing to its specialty function and their readiness to pay premiums for that function. Installation of BIPV roofing also requires additional materials such as adhesives and framing and flashing materials, which may further increase the cost of installation. BIPV roofing also faces some performance issues. BIPV roofing may witness higher operating temperatures, degrading the semiconducting material and decreasing its efficiency.

Reduction in installation cost, enhanced aesthetic appeal for roofing, increase in technical potential of BIVP systems, interest from players in the solar industry for investing in BIVP roofing, and favorable government support are some of the opportunities that may contribute to the market size for BIPV roofing. Increased PV-suitable space on buildings and BIPV-specific incentives in select international markets can aid in growth of the market. Established players in the solar industry should focus to expanding their business in BIPV roofing. Moreover, increasing regulations and government targets to meet zero emission is expected to boost market share of players.

Market Outlook

Europe is expected to account for the largest market share due to European Union (EU) directives for net zero energy components by 2020. Asia Pacific is expected to be the fastest growing market, owing to rapid economic and industrial growth in the region.

Key Players

Some of the major companies operating in the global BIPV roofing market include, Atlantis Energy Systems, Centrosolar Ag, Ascent Solar Technologies Inc., 3S Swiss Systems, Dyesol Ltd., Ertex Solar GmbH, Dow Solar, Eagle Roofing Products Florida LLC., Konarka Technologies Inc., Heliatek GmbH, Pythagoras Solar, Scheuten Solar, Sharp Corporation, Kyocera Corporation, and Suntech Power Holdings Co. Ltd.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users