The building integrated photovoltaics (BIPV) roofing market has been gaining widespread traction with the growing emphasis on energy efficiency in building construction. BIPV roofing systems are seamlessly integrated solar panels that serve the dual purpose of generating clean energy as well as acting as a roof. Made of materials like glass, metal and concrete, these systems are lightweight, durable and require very low maintenance. They provide reliable shade and are available in different styles to complement the overall architecture of a building. With attributes like ease of installation, lower cost of ownership and minimal carbon footprint, BIPV roofing systems are fast emerging as a sustainable alternative to conventional roofing materials.

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 popularity of net zero energy buildings in commercial and residential segments is promoting higher adoption of BIPV roofing systems. Moreover, technological advancements like improved solar cell efficiency, integration of energy storage, Internet of Things (IoT) connectivity and remote monitoring are making BIPV roofing more appealing.

Market Trends

The government across various countries are providing substantial incentives and subsidies for adoption of renewable energy sources which is driving the growth of Global BIPV Roofing Market. Many nations have also introduced building codes mandating use of BIPV materials for rooftops, facades and skylights in public infrastructure which is further augmenting the market expansion. Another key trend is the development of lightweight, flexible and aesthetic BIPV solutions to appeal to broader customer segments beyond industrial and commercial verticals.

Market Opportunities

Rising focus on redevelopment of existing buildings presents significant opportunities for BIPV roofing systems. Retrofitting aged buildings with BIPV materials can help lower carbon footprint as well as easy grid integration of renewable energy. Growing emphasis on net zero construction especially for large institutional, airport and metro projects also opens up new demand avenues. Furthermore, development of bifacial solar panels for BIPV roofing which can harness direct and indirect sunlight is anticipated to boost the market potentials.

Impact of COVID-19 on BIPV Roofing Market

The COVID-19 pandemic has significantly impacted the growth of the BIPV roofing market. During the initial months of the pandemic, the market witnessed declining demand and supply chain disruptions due to nationwide lockdowns enforced across major economies. This led to a halt in construction activities and delayed the development of new projects which utilize BIPV roofing solutions. However, post lockdowns being lifted, the market is recovering steadily supported by government investments in renewable energy infrastructure development projects. With rising environmental awareness, solar roofing technologies are expected to gain traction going forward. Nonetheless, supply chain issues and labor shortages continue to pose challenges for the industry. Stakeholders need to strengthen local sourcing, adopt automated manufacturing processes, and focus on local talent development to ensure long term sustainable growth in the post pandemic scenario.

Europe currently holds the largest share of value in the global BIPV roofing market owing to favorable policy support for solar rooftop installations across countries like Germany, Italy, UK, France etc. Asia Pacific region is expected to demonstrate the fastest market growth during the forecast period supported by strong commitments towards renewable energy adoption in China, Japan and India. China is the leading market in Asia Pacific accounting for over 40% share currently. Rapid urbanization, growing construction sector and implementation of net zero carbon targets are driving momentum for BIPV roofing adoption in the region. North America is another prominent regional market boosted by federal tax incentives offered on solar installations coupled with rising residential solar PV demand in key states like California and New York.

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