The BIPV glass market was valued at approximately US$ 4.63 billion in 2023 and is anticipated to grow to around US$ 17.62 billion by 2031, reflecting a compound annual growth rate (CAGR) of 18.2% during the period from 2023 to 2031.

The market is categorized based on end-use applications, which include residential, commercial, industrial, and other sectors. In 2023, the commercial segment dominated the market, holding the largest share. The industrial segment also presents significant opportunities, encompassing sectors such as oil and gas, chemical manufacturing, food and beverages, among others. Industrial facilities often face rigorous conditions and high usage demands. The increasing trend among various industries to develop eco-friendly structures that minimize carbon emissions is propelling the demand for BIPV glass. In many industrial settings, solar systems serve as essential energy backups. These elements collectively contribute to the growth of the BIPV glass market within the industrial sector.

The Asia Pacific region is projected to experience the highest CAGR in the global BIPV glass market from 2023 to 2031. This growth is fueled by a rising demand for sustainable and energy-efficient buildings, alongside the expansion of the building and construction industry. Recently, BIPV solar panels have found extensive applications in construction, particularly in the creation of energy-efficient buildings. These panels play a crucial role in promoting a sustainable future and enhancing building performance by decreasing reliance on fossil fuels. The transition towards energy efficiency and renewable energy sources is pivotal in the region's building sector, thereby increasing the demand for BIPV glass. Furthermore, the rapid growth of the building and construction industry in Asia Pacific, driven by rising investments in residential and commercial projects, a growing population, and urbanization, positively influences the demand for BIPV glass across various applications.

Asia Pacific is home to numerous key players in the BIPV industry, as well as many smaller companies. The presence of these entities significantly contributes to the expansion of the BIPV glass market in the region. These companies often collaborate with construction firms and architects to develop BIPV solutions tailored to local needs. Additionally, market participants in the region are actively pursuing various strategies, including launching new products and investing in research and development. For instance, in April 2022, AGC, a Japanese glass manufacturer, introduced a building-integrated photovoltaic panel designed for diverse building requirements. This panel can be installed on facades, curtain walls, and canopies, where conventional glass is typically used. According to AGC, the SunJoule panels can be customized to meet specific building needs and are available with either monofacial or bifacial cells, with arrangements tailored to client specifications. Such innovations by market players are driving the growth of the BIPV glass market in Asia Pacific.

Several notable companies in the global BIPV glass market include Koch Industries Inc, AGC Inc, Nippon Sheet Glass Co Ltd, Vitro SAB de CV, Onyx Solar Group LLC, MetSolar, Mitrex, Roofit.Solar, Grenzebach Envelon GmbH, and Hanergy Holding Group Ltd. These companies are committed to delivering high-quality products that meet customer demands and are focused on introducing new and innovative offerings to the market.

The overall size of the global BIPV glass market has been determined through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. Additionally, numerous primary interviews were conducted with industry stakeholders to validate the findings and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the BIPV glass sector.