Market by Technology, Application, Industry Vertical, and Country Outlook | Forecast 2023-2030
Triton’s analysis states that the Asia-Pacific building integrated photovoltaics market is estimated to advance with a CAGR of 17.67% during the forecast period 2023-2030.
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The
countries examined in the studied region include:
•
China
•
Japan
•
South Korea
•
India
•
Australia
•
ASEAN Countries
•
Rest of Asia-Pacific
China secures the majority of shares
in the building integrated photovoltaics market. Several nations in the region are
concentrating on developing renewable energy. In this regard, countries such as
China, Japan, and South Korea have adopted net-zero emission targets to be
fulfilled by 2050. As per the World Energy Outlook, energy efficiency and power
decarbonization could reduce annual building emissions. This has elevated the
demand for PVs in buildings, which thus drives the overall BIPV market.
Considering
China’s market, the growth is supported by the government’s efforts to reduce
pollution levels. The development of technologies and growing government focus
on clean energy, such as wind and solar, have created several employment
opportunities. In recent years, the nation has emerged as the world’s largest
consumer of wind turbines and solar capacity. This shift to clean energy is
expected to create opportunities for the building integrated photovoltaics
market.
Furthermore,
the Chinese government has shut down several coal-fired power plants, focusing
heavily on clean power plants. Numerous programs have been introduced to
accelerate solar power across state-built houses in rural areas. Given the
country’s aim to be a carbon-neutral economy by 2060, the demand for PVs is
estimated to increase over the forecast period, thereby fueling the BIPV
market’s development.
Industrial
facilities like manufacturing plants, assembly plants, and warehouses have large
open surfaces for the installation of PVs in the building envelope. There is a growing
focus on solar facilities to reduce reliance on non-renewable energy sources.
The industrial sector has benefited from various government initiatives in
recent years. The market’s growth is
determined based on industry vertical, application, and technology. The
industry vertical segment includes industrial, residential, and commercial.
The well-known companies in the
market include Kaneka Corporation, AGC Inc, Heliatek, and Waaree Energies Ltd.
Kaneka
Corporation offers a wide variety of solutions across industries. It offers
building integrated photovoltaics for roof and bi-facial technology, functional
building glass, skylights, and others. The company introduced the NEDO project,
which achieved the world’s highest conversion efficiency in a crystalline
silicon solar cell. The company has operations across multiple regions, with
headquarters located in Japan.
Key deliverables of the report:
· Market CAGR during the forecasting
years 2023-2030
· Detailed data highlighting key
insights, industry components, and market strategies
· Comprehensive information and
estimation of the building integrated photovoltaics market revenue growth in
the Asia-Pacific and its influence on the parent market
· In-depth study of forthcoming trends
in consumer behavioral patterns
· A meticulous analysis of the
competitive landscape, vendor scorecard, and Porter’s Five Forces
· A wide-ranging study of factors that
will challenge the APAC building integrated photovoltaics market’s growth
during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PARENT
MARKET ANALYSIS
2.2. IMPACT
ANALYSIS ON THE BUILDING INTEGRATED PHOTOVOLTAICS MARKET
2.2.1. COVID-19
IMPACT ON THE BUILDING INTEGRATED PHOTOVOLTAICS MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. INDUSTRY
COMPONENTS
2.4.1. COMPONENT
MANUFACTURER
2.4.2. BUILDING
INTEGRATED PHOTOVOLTAIC MANUFACTURERS
2.4.3. END-USERS
2.5. REGULATORY
FRAMEWORK
2.6. KEY
BUYING ANALYSIS
2.6.1. SUPERIOR
TECHNOLOGY
2.6.2. APPLICATION
2.6.3. EFFICIENCY
2.6.4. RELIABILITY
2.7. KEY
MARKET STRATEGIES
2.7.1. COLLABORATIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. MERGERS
& ACQUISITIONS
2.8. MARKET
DRIVERS
2.8.1. REDUCTION
OF CARBON FOOTPRINT BY BIPV PANELS
2.8.2. HIGH
DEMAND FOR ENERGY
2.8.3. GROWING
GOVERNMENT INITIATIVES TO STANDARDIZE INTEGRATED PHOTOVOLTAIC PRODUCTS FOR BUILDINGS
2.9. MARKET
CHALLENGE
2.9.1. SLOW
GROWTH OF SOLAR ENERGY ACROSS DEVELOPING NATIONS
2.10. MARKET
OPPORTUNITIES
2.10.1. RISE
IN ROOFTOP SOLAR SYSTEMS FOR HOMES AND BUSINESSES
2.10.2. HIGH
EFFICIENCY AND SIGNIFICANT COST REDUCTION IN THE SOLAR PV SEGMENT
2.10.3. RISING
NEED FOR SUSTAINABLE AND CLEAN ENERGY
2.10.4. INCREASE
IN RENEWABLE ENERGY INVESTMENT
2.11. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET – BY TECHNOLOGY
3.1. CRYSTALLINE
SILICON
3.1.1. MONOCRYSTALLINE
3.1.2. POLYCRYSTALLINE
3.2. THIN
FILM
3.3. OTHER
TECHNOLOGIES
4. ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET – BY APPLICATION
4.1. ROOFING
4.2. GLAZING
4.3. FACADES
4.4. ARCHITECTURAL
SHADING
5. ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET – BY INDUSTRY VERTICAL
5.1. INDUSTRIAL
5.2. COMMERCIAL
5.3. RESIDENTIAL
6. ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET – BY COUNTRY OUTLOOK
6.1. CHINA
6.1.1. CHINA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.2. JAPAN
6.2.1. JAPAN
BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.3. INDIA
6.3.1. INDIA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.4. SOUTH
KOREA
6.4.1. SOUTH
KOREA BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.5. AUSTRALIA
6.5.1. AUSTRALIA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.6. ASEAN
COUNTRIES
6.6.1. ASEAN
COUNTRIES BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST & PROSPECTS
6.7. REST
OF ASIA-PACIFIC
6.7.1. REST
OF ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST &
PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. AGC
INC
7.1.1. OVERVIEW
7.1.2. FINANCIAL
OVERVIEW
7.1.3. PRODUCT
PORTFOLIO
7.1.4. KEY
STRENGTHS
7.1.5. KEY
CHALLENGES
7.2. HELIATEK
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGES
7.3. CLEARVUE
TECHNOLOGIES LIMITED
7.3.1. OVERVIEW
7.3.2. FINANCIAL
OVERVIEW
7.3.3. PRODUCT
PORTFOLIO
7.3.4. KEY
STRENGTHS
7.3.5. KEY
CHALLENGES
7.4. WAAREE
ENERGIES LTD
7.4.1. OVERVIEW
7.4.2. FINANCIAL
OVERVIEW
7.4.3. PRODUCT
PORTFOLIO
7.4.4. KEY
STRENGTHS
7.4.5. KEY
CHALLENGES
7.5. KANEKA
CORPORATION
7.5.1. OVERVIEW
7.5.2. FINANCIAL
OVERVIEW
7.5.3. PRODUCT
PORTFOLIO
7.5.4. KEY
STRENGTHS
7.5.5. KEY
CHALLENGES
7.6. TESLA
INC
7.6.1. OVERVIEW
7.6.2. FINANCIAL
OVERVIEW
7.6.3. PRODUCT
PORTFOLIO
7.6.4. KEY
STRENGTHS
7.6.5. KEY
CHALLENGES
7.7. SUNPOWER
CORPORATION
7.7.1. OVERVIEW
7.7.2. FINANCIAL
OVERVIEW
7.7.3. PRODUCT
PORTFOLIO
7.7.4. KEY
STRENGTHS
7.7.5. KEY
CHALLENGES
7.8. SAULE
TECHNOLOGIES
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGES
7.9. ERTEX
SOLAR TECHNIK GMBH
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGES
7.10. METSOLAR
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY
STRENGTHS
7.10.4. KEY
CHALLENGES
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $
MILLION)
TABLE 2: REGULATORY
FRAMEWORK
TABLE 3: LIST OF
COLLABORATION
TABLE 4: LIST OF PRODUCT
LAUNCHES
TABLE 5: LIST OF
MERGERS & ACQUISITIONS
TABLE 6: KG/BILLIONS OF
CO2 EMITTED PER MILLION BTU OF ENERGY BY FUEL
TABLE 7: SHARE OF
POPULATION WITH ACCESS TO ELECTRICITY IN 2020 (IN%)
TABLE 8:
BUILDING-INTEGRATED PHOTOVOLTAIC (BIPV) PATENTS SHARE, BY COMPANY, 2021 (IN %)
TABLE 9: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, 2023-2030 (IN $
MILLION)
TABLE 10: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, 2023-2030 (IN
$ MILLION)
TABLE 11: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, 2023-2030 (IN $
MILLION)
TABLE 12: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY INDUSTRY VERTICAL, 2023-2030 (IN $
MILLION)
TABLE 13: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $
MILLION)
TABLE 14: AGC INC -
COMPANY OPERATING EXPENSES & EBITDA IN 2019-2021 (IN $ BILLION)
FIGURE 1: PARENT MARKET
FLOWCHART FOR BIPV
FIGURE 2: INDUSTRY
COMPONENTS
FIGURE 3: KEY BUYING ANALYSIS
FIGURE 4: BIPV
STAKEHOLDERS’ ECOSYSTEM
FIGURE 5: PATENTS
PUBLISHED ON BIPV TECHNOLOGIES 2017-2022 (NUMBER)
FIGURE 6: BIPV PATENT
SHARES, BY ASSIGNEE COUNTRY, 2021 (%)
FIGURE 7: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, 2022 & 2030 (IN %)
FIGURE 8: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, 2023-2030 (IN
$ MILLION)
FIGURE 9: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, 2022 &
2030 (IN %)
FIGURE 10: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY MONOCRYSTALLINE, 2023-2030 (IN $
MILLION)
FIGURE 11: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, 2022 & 2030 (IN
%)
FIGURE 12: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY ROOFING, 2023-2030 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY GLAZING, 2023-2030 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY FACADES, 2023-2030 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY ARCHITECTURAL SHADING, 2023-2030
(IN $ MILLION)
FIGURE 16: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY INDUSTRY VERTICAL, 2022 & 2030
(IN %)
FIGURE 17: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY INDUSTRIAL, 2023-2030 (IN $
MILLION)
FIGURE 18: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COMMERCIAL, 2023-2030 (IN $
MILLION)
FIGURE 19: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY RESIDENTIAL, 2023-2030 (IN $
MILLION)
FIGURE 20: ASIA-PACIFIC
BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030
(IN %)
FIGURE 21: CHINA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 22: JAPAN
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 23: INDIA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 24: SOUTH KOREA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 25: AUSTRALIA
BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 26: ASEAN
COUNTRIES BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 27: REST OF
ASIA-PACIFIC BUILDING INTEGRATED PHOTOVOLTAICS MARKET 2023-2030 (IN $ MILLION)
FIGURE 28: AGC INC - COMPANY
REVENUE IN 2019-2021 (IN $ BILLION)
FIGURE 29: AGC INC -
COMPANY NET INCOME IN 2019-2021 (IN $ BILLION)
FIGURE 30: AGC INC -
COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE 31: CLEARVUE
TECHNOLOGIES LIMITED - COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 32: WAAREE
ENERGIES LTD - COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 33: WAAREE
ENERGIES LTD - COMPANY NET INCOME IN 2019-2021 (IN $ MILLION)
FIGURE 34: KANEKA
CORPORATION - COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 35: KANEKA
CORPORATION - COMPANY SALES, BY BUSINESS SEGMENT, IN 2021 (IN %)
FIGURE 36: KANEKA
CORPORATION - COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE 37: TESLA INC -
COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 38: TESLA INC -
COMPANY SALES, BY BUSINESS SEGMENT, IN 2021 (IN %)
FIGURE 39: TESLA INC -
COMPANY REVENUE, BY REGION, IN 2021 (IN %)
FIGURE 40: SUNPOWER
CORPORATION - COMPANY REVENUE IN 2019-2021 (IN $ MILLION)
FIGURE 41: SUNPOWER
CORPORATION - COMPANY SALES, BY BUSINESS SEGMENT, IN 2021 (IN %)