Europe Building Integrated Photovoltaics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Colored and Regular), Type (Monocrystalline, Polycrystalline, and Thinflim), Application (Roofs, Walls, Glass, Façade, and Others), and End Use (Commercial, Residential, and Industrial)

The building integrated photovoltaics market in Europe is expected to grow from US$ 1,694.34 million in 2021 to US$ 5,048.35 million by 2028; it is estimated to grow at a CAGR of 16.9% from 2021 to 2028.

The rising awareness of the adverse impact of using fossil fuels for power generation has influenced the adoption of alternative methods for power generation across the end-use sectors. This has influenced market players to increase their investment in strategic partnerships and product innovation & development. Major players operating in the market include Onyx Solar Group LLC., Heliatek, Saule Technologies, MetSolar, and ertex solartechnik GmbH. Meyer Burger, a Swiss PV module manufacturer, purchased the rights to expand its business offering to BIPV systems in October 2021. The company will engage in designing and manufacturing in-roof solar systems. At the smarter-E-Europe fair in 2021, they unveiled their first self-made solar tiles. The first client delivery is scheduled for the second part of 2022. True Metal Solutions (TMS), a building cladding fabricator, and NanoFlex Power Corporation (NFP), a developer of organic photovoltaic technology and high-efficiency photovoltaic power generation, formed a joint venture in January 2020 to develop the business for organic photovoltaic (OPV) thin-film material with cladding for building façades. In January 2022, Hevel Group, a Russian solar module and cell producer, launched a new building integrated photovoltaic product based on heterojunction technology. The BIPV product, according to the company, is made up of cells with efficiencies of up to 24.2%, which outperforms traditional monocrystalline and polycrystalline PV products. Rise in strategic partnerships between the major players and new product developments over the years are contributing to the growth of the Europe building integrated photovoltaics market.

Europe Building Integrated Photovoltaics Market Revenue and Forecast to 2028 (US$ Million)

Europe Building Integrated Photovoltaics Market Segmentation        

The Europe building integrated photovoltaics market is segmented into technology, type, application, end use, and country. Based on technology, the market is bifurcated into colored and regular. The regular segment accounted for a larger share in 2020. In terms of type, the market is segmented into monocrystalline, polycrystalline, and thinfilm. The monocrystalline segment accounted for the largest share of the market in 2020. Based on application, the market is segmented into roofs, walls, glass, façade, and others. The façade segment accounted for the largest share in 2020. Based on end use, the Europe building integrated photovoltaics market is segmented into residential, commercial, and industrial. The residential segment accounted for the highest share in the Europe building integrated photovoltaics market in 2020. Similarly, based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany contributed a substantial share in 2020. 

AGC Inc., ASCA SAS, ClearVue Technologies Limited, ertex solartechnik GmbH, Heliatek, ISSOL sa, MetSolar, Onyx Solar Group LLC, and Saule Technologies are among the leading companies in the Europe building integrated photovoltaics market.

1.AGC Inc.
2.ASCA SAS
3.ClearVue Technologies Limited
4.ertex solartechnik GmbH
5.Heliatek
6.ISSOL sa
7.MetSolar
8.Onyx Solar Group LLC
9.Saule Technologies

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