At 14.2% CAGR, Middle East & Africa BIPV Glass Market is Projected to be Worth US$ 910.03 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa BIPV glass market was valued at US$ 315.58 million in 2023 and is expected to reach US$ 910.03 million by 2031, registering a CAGR of 14.2% from 2023 to 2031. Rising Adoption rate of renewable energy solutions in emerging economies and rising popularity of solar energy are among the critical factors attributed to drive the Middle East & Africa BIPV glass market growth.

Emerging economies in the region are proactively accelerating the adoption of renewable energy. Investments in setting up solar energy capacity have increased in recent years. In January 2024, Arctech, a leading solar tracking, racking, and BIPV solutions provider, entered a strategic partnership agreement with Alpon Energy in Istanbul, Turkey. The agreement will lead to the expansion of BIPV solutions in Turkey, which will result in the growth of the BIPV glass market in Turkey in the future. The installation of BIPV glass in the Gulf region is also increasing. Some examples include the Dubai Electricity and Water Authority (Dewa) in the UAE and the National Energy Services Reunited Corp (NESR) in Saudi Arabia. Onyx Solar, a leading provider of BIPV solutions, has finished five projects in the UAE, four in Saudi Arabia, and one in Kuwait. Additionally, it has completed one project in each of Egypt and Morocco. Thus, the shift in trends toward the adoption of renewable energy solutions by developing nations is expected to boost the BIPV glass market in the future.

On the contrary, high initial investment cost and less energy efficiency for BIPV system hampers the growth of Middle East & Africa BIPV glass market.

Based on material, the Middle East & Africa BIPV glass market is segmented into crystalline silicone, amorphous silicone, and others. The crystalline silicone segment held 73.9% share of Middle East & Africa BIPV glass market share in 2023, amassing US$ 233.27 million. It is projected to garner US$ 685.34 million by 2031 to register 14.4% CAGR during 2023–2031.

In terms of glazing type, the Middle East & Africa BIPV glass market is bifurcated into single module and double module. The double module segment held 62.4% share of Middle East & Africa BIPV glass market in 2023, amassing US$ 197.08 million. It is anticipated to garner US$ 590.39 million by 2031 to expand at 14.7% CAGR during 2023–2031.

By component type, the Middle East & Africa BIPV glass market is divided into BIPV glass roofs, BIPV glass facades, and others (windows and floors). The BIPV glass roofs segment held 67.3% share of Middle East & Africa BIPV glass market in 2023, amassing US$ 212.35 million. It is projected to garner US$ 630.82 million by 2031 to expand at 14.6% CAGR from 2023 to 2031.

Based on end use, the Middle East & Africa BIPV glass market is categorized into residential, commercial, industrial, and others. The commercial segment held 74.8% share of Middle East & Africa BIPV glass market in 2023, amassing US$ 236.03 million. It is predicted to garner US$ 698.89 million by 2031 to expand at 14.5% CAGR between 2023 and 2031.

By country, the Middle East & Africa BIPV glass market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 38.3% share of Middle East & Africa BIPV glass market in 2023. It was assessed at US$ 120.71 million in 2023 and is likely to hit US$ 369.79 million by 2031, registering a CAGR of 15.0% during 2023–2031.

Key players operating in the Middle East & Africa BIPV glass market are Koch Industries, Inc.; AGC Inc.; Vitro, S.A.B de C.V; Onyx Solar Group LLC.; and Hanergy Holding Group Ltd., among others.

• In March-2023, Vitro X™ Innovation Partnerships will identify and develop inspired solutions to challenges in the glass industry and support future-focused companies in bringing innovative products and technologies to market. This strategic partnership program is focused on identifying and developing inspired solutions to existing and future challenges in the glass industry.
• In March-2021, Vitro Architectural Glass announced that it launched Solarvolt™ building-integrated photovoltaic (BIPV) glass modules, which combine the aesthetics and performance of Vitro Glass products with CO2-free power generation and protection from the elements for commercial buildings.

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