Top Companies in Building Integrated Photovoltaic Industry - LONGi (China), JinkoSolar (China), JA SOLAR Technology Co.,Ltd. (China) and AGC Inc. (Japan)
The building integrated photovoltaic market is expected to grow from an estimated in USD 12.49 billion in 2024 to USD 27.41 billion by 2029, at a CAGR of 17.0% during the forecast period. Environmental regulations on carbon reduction are getting more stringent across the globe, and governments are incentivizing the same, hence giving a fillip to various products and technologies, including BIPV systems, for sustainable building practices. Improved efficiencies, flexibility, and aesthetic features in photovoltaic technology are making BIPV products become more practical for the residential and commercial sectors. These are the few drivers responsible for the growth of the building integrated photovoltaic market.
A few major players that have a wide regional presence dominate the building integrated photovoltaic market. The leading players in the building integrated photovoltaic market are LONGi (China), JinkoSolar (China), JA SOLAR Technology Co.,Ltd. (China), AGC Inc. (Japan), and Canadian Solar (Canada) among others.
The major strategies these players adopt include product launches and new product development, contracts & agreements, investments & expansions, joint ventures, and partnerships & collaborations. Partnerships and collaborations were the two most adopted strategies from 2020 to 2024.
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LONGi is devoted to being a solar technology provider and manufacturer with building-integrated photovoltaic solutions, commercial and industrial system solutions, residential system solutions, clean heating solutions, rural development solutions, and other devices. It is committed to the large-scale power station, industrial, and household use of advanced solar technology. The businesses of the firm are distributed across five business segments: solar cells & modules, mono wafers, green energy solutions, hydrogen equipment, and industrial & commercial distributed generation solutions. Its products and solutions find application in residential, commercial & industrial, and utility markets.
Recently, LONGi ROOF product was incorporated in LONGi's BIPV Project of Shandong Heavy Industry with a project capacity of 300MW located in Shandong, China. Apart from being operational in Asia Pacific, Europe, America, and Middle East and Africa region, it also has more than 150 countries globally that house its manufacturing facilities and sales offices. LONGi has production plants in China, Vietnam, and Malaysia, while having sales offices in key markets such as the United States, Japan, India, Australia, and the United Arab Emirates.
Related Reports:
Building Integrated Photovoltaic Market by Technology (c-Si (Monocrystalline, Polycrystalline), Thin Film), Application (Roofing, Facades, Externally Integrated Systems), End User (Residential, Commercial, Industrial), Region - Global Forecast to 2029
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