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CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET FORECAST 2023-2030

SCOPE OF THE REPORT

China Building Integrated Photovoltaics Market by Technology (Crystalline Silicon, Thin Film, Other Technologies) Market by Application (Roofing, Facades, Glazing, Architectural Shading) Market by End-user (Commercial, Industrial, Residential)

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MARKET OVERVIEW

The China building integrated photovoltaics market is expected to progress with a CAGR of 15.96% during the projection period of 2023-2030, acquiring a revenue share of $3653.95 by 2030. 

The country’s market growth is strengthened by key drivers, such as the high rates of air pollution, the growing shift toward renewable energy, as well as the presence of global distribution channels and state-of-the-art technology.

China has emerged as the largest consumer of new wind turbines as well as solar capacity globally and produces nearly 80% of the world’s photovoltaic modules. The country’s shift to renewables has enabled the government to shut down thousands of old coal-fired power plants, in addition to strongly engaging in the process of minimizing the high rates of air pollution. Furthermore, since the expansion of large PV power plants and the development of wind energy in China, there has been a rising emphasis on bringing PV into the construction environment. This trend is particularly prevalent in Shanghai and Dezhou, the new ‘Solar City,’ replacing Yunnan and featuring a significant fleet of rooftop solar water heaters.

China Building Integrated Photovoltaics Market

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On the other hand, China is also introducing programs in order to provide hundreds of thousands of small, state-built houses in rural regions with solar power. For instance, a policy in Shanghai asserts that every building must have a green roof, with all structures in the country encouraged to substantially reduce their energy consumption footprint. Additionally, owing to the nation’s goal of becoming a carbon-neutral economy by 2060, the government is raising the solar power generation and is also expecting to add over 600 GW of solar power generation capacity by the year 2030. Therefore, these factors are projected to augment the building integrated photovoltaics market growth in China during the forecast period. 

The China building integrated photovoltaics market is segmented into technology, application, and end-user. The application segment includes roofing, facades, glazing, and architectural shading. The seamless integration of photovoltaic energy systems with glass, coupled with the ease of installation, plays an essential role in the growth of the glazing segment. 

Moreover, as the world continues to become more urbanized, several solar-integrated curved glass structures are being constructed, primarily on account of their ability to absorb a greater concentration of sun rays. Hence, the growing adoption of building integrated photovoltaic glass panels is influencing BIPV manufacturers to invest in developing novel products over the upcoming years. 

Some of the top enterprises operating in the China building integrated photovoltaics market include Kaneka Corporation, Suntech Power Co Ltd, etc.

Suntech Power Co Ltd, headquartered in China, is a photovoltaic manufacturer concentrating on research & development (R&D) as well as the production of crystalline silicon solar cells and modules. With a geographical presence in over 100 countries, the company holds more than 600 authorized patents in the solar industry and also offers BIPV for commercial and residential applications. Furthermore, Suntech Power’s cumulative historical solar shipments exceed 30 GW. 

Suntech Ultra V Pro products utilize 182 mm large N-type silicon wafers, coupled with cell efficiency of more than 24.5%. Also, it has near zero-LID performance, which significantly improves module power.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2030
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Technology, Application, and End-User
Countries AnalyzedChina
Companies AnalyzedAGC Inc, Heliatek, Onyx Solar Group LLC, Clearvue Technologies Ltd, Saule Technologies, Waaree Energies Ltd, Ertex Solar Technik GmbH, Kaneka Corporation, Metsolar, Tesla Inc, SunPower Corporation, Suntech Power Co Ltd, Trina Solar, Sphelar Power Corporation, Nanoflex Power Corporation

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. REDUCTION OF CARBON FOOTPRINT
      2. HIGH ENERGY DEMAND 
      3. GROWING GOVERNMENT INITIATIVES TO STANDARDIZE INTEGRATED PHOTOVOLTAIC PRODUCTS 
      4. INCREASE IN ROOFTOP SOLAR SYSTEMS FOR HOMES & BUSINESSES
    2. KEY RESTRAINTS
      1. SLOW GROWTH OF SOLAR ENERGY IN DEVELOPING NATIONS
  4. KEY ANALYTICS
    1. PARENT MARKET ANALYSIS
    2. KEY TECHNOLOGY TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. COMPONENT MANUFACTURER
      2. BUILDING INTEGRATED PHOTOVOLTAIC MANUFACTURERS
      3. END-USERS
    7. KEY BUYING CRITERIA
      1. SUPERIOR TECHNOLOGY
      2. APPLICATION
      3. EFFICIENCY
      4. RELIABILITY
  5. MARKET BY TECHNOLOGY
    1. CRYSTALLINE SILICON
      1. MONOCRYSTALLINE
      2. POLYCRYSTALLINE
    2. THIN FILM
    3. OTHER TECHNOLOGIES
  6. MARKET BY APPLICATION
    1. ROOFING
    2. FACADES
    3. GLAZING
    4. ARCHITECTURAL SHADING
  7. MARKET BY END-USER
    1. COMMERCIAL
    2. INDUSTRIAL
    3. RESIDENTIAL
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. AGC INC
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      2. CLEARVUE TECHNOLOGIES LIMITED
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      3. ERTEX SOLAR TECHNIK GMBH
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      4. HELIATEK
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      5. KANEKA CORPORATION
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      6. METSOLAR
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      7. NANOFLEX POWER CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      8. ONYX SOLAR GROUP LLC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      9. SAULE TECHNOLOGIES
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      10. SPHELAR POWER CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      11. SUNPOWER CORPORATION
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      12. SUNTECH POWER CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      13. TESLA INC
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      14. TRINA SOLAR
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      15. WAAREE ENERGIES LTD
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCT LIST
        4. STRENGTHS & CHALLENGES ANALYSIS

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – BUILDING INTEGRATED PHOTOVOLTAICS

TABLE 2: BUILDING-INTEGRATED PHOTOVOLTAIC (BIPV) PATENTS SHARE, BY COMPANY, 2021 (%)

TABLE 3: KG/BILLIONS OF CO2 EMITTED PER MILLION BTU OF ENERGY, BY FUEL

TABLE 4: SHARE OF POPULATION WITH ACCESS TO ELECTRICITY, IN 2020 (IN%)

TABLE 5: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 7: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 9: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 10: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 11: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 12: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY END-USER, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 13: LIST OF ACQUISITIONS

TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 16: AGC INC- COMPANY OPERATING EXPENSES & EBITDA, IN 2019-2021 (IN $ BILLION)

LIST OF FIGURES 

FIGURE 1: BIPV STAKEHOLDERS ECOSYSTEM

FIGURE 2: PATENTS PUBLISHED ON BIPV TECHNOLOGIES, 2017-2022 (NUMBER)

FIGURE 3: BIPV PATENT SHARES, BY ASSIGNEE COUNTRY, 2021 (%)

FIGURE 4: PARENT MARKET FLOWCHART FOR BIPV

FIGURE 5: KEY MARKET TRENDS

FIGURE 6: PORTER’S FIVE FORCES ANALYSIS

FIGURE 7: MARKET MATURITY ANALYSIS

FIGURE 8: MARKET CONCENTRATION ANALYSIS

FIGURE 9: VALUE CHAIN ANALYSIS

FIGURE 10: KEY BUYING CRITERIA

FIGURE 11: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2022

FIGURE 12: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY CRYSTALLINE SILICON, 2023-2030 (IN $ MILLION)

FIGURE 13: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, GROWTH POTENTIAL, BY CRYSTALLINE SILICON, IN 2022

FIGURE 14: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY MONOCRYSTALLINE, 2023-2030 (IN $ MILLION)

FIGURE 15: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY POLYCRYSTALLINE, 2023-2030 (IN $ MILLION)

FIGURE 16: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY THIN FILM, 2023-2030 (IN $ MILLION)

FIGURE 17: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY OTHER TECHNOLOGIES, 2023-2030 (IN $ MILLION)

FIGURE 18: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 19: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY ROOFING, 2023-2030 (IN $ MILLION)

FIGURE 20: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY FACADES, 2023-2030 (IN $ MILLION)

FIGURE 21: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY GLAZING, 2023-2030 (IN $ MILLION)

FIGURE 22: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY ARCHITECTURAL SHADING, 2023-2030 (IN $ MILLION)

FIGURE 23: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

FIGURE 24: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY COMMERCIAL, 2023-2030 (IN $ MILLION)

FIGURE 25: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)

FIGURE 26: CHINA BUILDING INTEGRATED PHOTOVOLTAICS MARKET, BY RESIDENTIAL, 2023-2030 (IN $ MILLION)

FIGURE 27: AGC INC- COMPANY REVENUE, IN 2019-2021 (IN $ BILLION)

FIGURE 28: AGC INC- COMPANY NET INCOME, IN 2019-2021 (IN $ BILLION)

FIGURE 29: AGC INC- COMPANY REVENUE BY GEOGRAPHY IN 2021 (IN %)

FIGURE 30: CLEARVUE TECHNOLOGIES LIMITED- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)

FIGURE 31: KANEKA CORPORATION- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)

FIGURE 32: KANEKA CORPORATION – COMPANY SALES BY BUSINESS SEGMENT IN 2021 (IN %)

FIGURE 33: KANEKA CORPORATION – COMPANY REVENUE BY GEOGRAPHY IN 2021 (IN %)

FIGURE 34: SUNPOWER CORPORATION- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)

FIGURE 35: SUNPOWER CORPORATION- COMPANY SALES BY BUSINESS SEGMENT IN 2021 (IN %)

FIGURE 36: TESLA INC- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)

FIGURE 37: TESLA INC- COMPANY SALES BY BUSINESS SEGMENT, IN 2021 (IN %)

FIGURE 38: TESLA INC- COMPANY REVENUE BY GEOGRAPHY IN 2021 (IN %)

FIGURE 39: WAAREE ENERGIES LTD- COMPANY REVENUE, IN 2019-2021 (IN $ MILLION)

FIGURE 40: WAAREE ENERGIES LTD- COMPANY NET INCOME, IN 2019-2021 (IN $ MILLION)

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