BIPV (Building-Integrated Photovoltaics), will continue to grow from 2022 to 2030

The global and China's PV (photovoltaic) market demand is expected to continue rising in the coming years. As the adoption of renewable energy sources increases and the global push for sustainability grows stronger, there will be significant opportunities for investors in the BIPV (Building-Integrated Photovoltaics) industry chain.

BIPV offers numerous advantages as it combines solar power generation with building structures. By integrating photovoltaic modules into roofs, skylights, curtain walls, and other building elements, BIPV systems provide renewable electricity while also offering architectural and aesthetic enhancements. One specific area within the BIPV industry chain that has significant potential is BIPV waterproof carports. These innovative structures combine the functionality of a standard carport with the integration of photovoltaic panels, allowing for the generation of solar energy while providing shelter for vehicles.

This dual purpose of BIPV systems provides an innovative solution for meeting energy needs while reducing carbon footprint. Under the guidance of sustainability policies and the increasing focus on achieving carbon neutrality, the BIPV market is expected to experience rapid growth. The "double carbon target" set by many countries, including China's goal of peak carbon dioxide emissions by 2030 and carbon neutrality by 2060, will act as a driving force for the adoption of BIPV systems.

As of 2020, BIPV accounted for about 50% of the global distributed PV installed capacity, about 15% of the total PV installation. The combination of PV and building is gradually becoming an important part of the PV installation, which is dominated by the combination of PV building and BAPV. In the world, the total installed capacity of BIPV in 2019 and 2020 amounted to 1.15GW and 2.3GW respectively, which is still in the initial stage before large-scale development, with huge space for future development.

Investment opportunities in the BIPV industry chain can be found across various stages, including research and development, manufacturing of BIPV modules, system integration, installation services, and project development. As the BIPV market expands, there will be increasing demand for innovative materials, efficient manufacturing processes, advanced installation techniques, and project financing.

It is anticipated that the global demand for photovoltaic (PV) systems, including BIPV (Building-Integrated Photovoltaics), will continue to grow from 2022 to 2030. The increasing emphasis on renewable energy sources and the transition towards sustainable building practices are likely to drive this trend.