Building-Integrated Photovoltaic Skylights Market by End-user, Panel Type, and Geography - Forecast and Analysis 2021-2025

The building-integrated photovoltaic skylights market share is expected to increase by USD 594.41 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 9.94%.

This building-integrated photovoltaic skylights market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers building-integrated photovoltaic skylights market segmentation by end-user (commercial, residential, and industrial), type (crystalline panel and thin-film panel), and geography (Europe, North America, APAC, MEA, and South America). The building-integrated photovoltaic skylights market report also offers information on several market vendors, including EnergyGlass, Kaneka Corp., ML SYSTEM SA, Norsk Hydro ASA, ONYX SOLAR ENERGY SL, Polysolar Ltd., Romag Ltd., Solaria Corp., Super Sky Products Enterprises LLC, and Wuxi Suntech Power Co. Ltd. among others.

What will the Building-Integrated Photovoltaic Skylights Market Size be During the Forecast Period?

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Building-Integrated Photovoltaic Skylights Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The need to reduce energy costs is notably driving the building-integrated photovoltaic skylights market growth, although factors such as the absence of BIPV-specific standards may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the building-integrated photovoltaic skylights industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Building-Integrated Photovoltaic Skylights Market Driver

The need to reduce energy costs is one of the major drivers of the building-integrated photovoltaic (BIPV) skylights market growth. Commercial buildings, healthcare facilities, and manufacturing plants are the most energy-intensive end-users, as they need to function round-the-clock and use various equipment for the upkeep of their in-house operations. As a result, the demand and amount spent on electricity in these facilities are high. A growing number of commercial buildings with large floor spaces are adding to the energy cost of the building sector. Simultaneously, the steady rise in electricity prices has increased the operational cost of such facilities, resulting in a direct impact on the facility s bottom-line expenses. The global commercial building sector is working toward reducing energy expenses. By implementing energy management practices, a building can save 10%-20% of the energy consumption and extend it above 30% with a comprehensive energy plan. For instance, in healthcare facilities, the BIPV skylight has proven to be a highly cost-effective solution that cuts down energy consumption and enables cost savings.

Key Building-Integrated Photovoltaic Skylights Market Trend

The increasing adoption of smart solar systems is one of the major trends in the building-integrated photovoltaic (BIPV) skylights market growth. One of the major hurdles in the adoption of solar energy renewables is their intermittent nature. Energy storage bridges the gap, and they are also used to increase renewable energy penetration in hybrid systems. A standard PV could produce 20% to 30% of the power; however, with the addition of energy storage (battery), the power from solar PV could go beyond 60% to 70%. Renewable penetration means the number of renewables that can be added to the system output; for instance, 20% penetration means that for 1 MW of installed generator capacity, 200 kW of renewable power can be added. The below chart provides the typical PV penetration level in a hybrid system with dedicated software for power management and an energy storage system. The higher the renewable energy penetration, the greater the savings for the end-user. Smart solar systems using energy storage systems are gaining popularity as they can improve the efficiency of solar panels.

Key Building-Integrated Photovoltaic Skylights Market Challenge

The absence of BIPV-specific standards is one of the major challenges to the building-integrated photovoltaic (BIPV) skylights market growth. Presently, PV modules, including BIPV, are subject to the design and qualification standards devised by the Underwriters Laboratory and the International Electrotechnical Commission. However, BIPV may be required to meet other criteria as a structural component, and this can act as a market inhibitor. For instance, pervasive International Building Codes of the International Code Council have been adopted by all 50 states and Washington, D.C. in the US. This has established criteria for BIPV as a roofing material that dictates its performance on durability, fire safety, stability, and wind resistance. Even something as simple as measurement standards can complicate BIPV deployment. The PV industry uses a watt as a unit, which measures the electrical output, and the construction sector uses the square meter as a unit, which denotes area. If this incongruence remains unsolved, it could create some inconvenience for installers in the building. As BIPV systems lack an integrated set of codes and standards, they must carve out a middle ground in terms of compliance with both the construction and PV industries. Impact of drivers and challenges

This building-integrated photovoltaic skylights market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global building integrated photovoltaic (BIPV) skylight as a part of the global building products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the building-integrated photovoltaic skylights market during the forecast period.

Who are the Major Building-Integrated Photovoltaic Skylights Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• EnergyGlass
• Kaneka Corp.
• ML SYSTEM SA
• Norsk Hydro ASA
• ONYX SOLAR ENERGY SL
• Polysolar Ltd.
• Romag Ltd.
• Solaria Corp.
• Super Sky Products Enterprises LLC
• Wuxi Suntech Power Co. Ltd.

 

This statistical study of the building-integrated photovoltaic skylights market encompasses successful business strategies deployed by the key vendors. The building-integrated photovoltaic skylights market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The building-integrated photovoltaic skylights market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Building-Integrated Photovoltaic Skylights Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the building-integrated photovoltaic skylights market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the building products market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Building-Integrated Photovoltaic Skylights Market?

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36% of the market’s growth will originate from APAC during the forecast period. Japan and China are the key markets for building-integrated photovoltaic skylights market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rising popularity of community solar gardens will facilitate the building-integrated photovoltaic skylights market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic has had a severe impact on the market in the region. The pandemic has impacted the lives of millions of people. Countries such as the UK, Spain, and Italy have witnessed a large number of deaths. The outbreak of the pandemic has led to a lockdown in the entire region, which resulted in the closure of industries. The recovery of the BIPV skylights market in the region is dependent on the recovery of the construction industry from the COVID-19 crisis. In 2020, 11 European Union (EU) member states reached their set renewable energy targets. Some of them are Italy, Croatia, Sweden, Denmark, Finland, Bulgaria, and the Czech Republic. Similarly, in November 2020, Germany’s largest solar park near Berlin began delivering power to the grid. These are some of the factors that fuel the demand for BIPV skylights in Europe.

What are the Revenue-generating End User Segments in the Building-Integrated Photovoltaic Skylights Market?

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The commercial sector is the major end-user of BIPV skylights. This sector includes office buildings, warehouses, restaurants, and retail spaces (convenience stores, big box stores, and shopping malls). With increased government initiatives, developers of commercial buildings are implementing EMS (energy management system) and BIPV technologies to improve the overall building efficiency. However, the market segment will record a slow growth rate during the forecast period.

his report provides an accurate prediction of the contribution of all the segments to the growth of the building-integrated photovoltaic skylights market size and actionable market insights on post COVID-19 impact on each segment.

 

Building-Integrated Photovoltaic Skylights Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 9.94%
Market growth 2021-2025	$ 594.41 million
Market structure	Fragmented
YoY growth (%)	9.27
Regional analysis	Europe, North America, APAC, MEA, South America, Europe, North America, APAC, MEA, South America, Europe, North America, APAC, MEA, and South America
Performing market contribution	APAC at 36%
Key consumer countries	US, Japan, China, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	EnergyGlass, Kaneka Corp., ML SYSTEM SA, Norsk Hydro ASA, ONYX SOLAR ENERGY SL, Polysolar Ltd., Romag Ltd., Solaria Corp., Super Sky Products Enterprises LLC, and Wuxi Suntech Power Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Building-Integrated Photovoltaic Skylights Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive building-integrated photovoltaic skylights market growth during the next five years
• Precise estimation of the building-integrated photovoltaic skylights market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the building-integrated photovoltaic skylights industry across Europe, North America, APAC, MEA, South America, Europe, North America, APAC, MEA, South America, Europe, North America, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of building-integrated photovoltaic skylights market vendors

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