Building Integrated Photovoltaic in India Trends and Forecast
The future of the building integrated photovoltaic market in India looks promising with opportunities in the industrial, commercial, and residential markets. The global building integrated photovoltaic market is expected to grow with a CAGR of 15.8% from 2025 to 2031. The building integrated photovoltaic market in India is also forecasted to witness strong growth over the forecast period. The major drivers for this market are the swift growth of solar photovoltaic installation capacities globally, driven by rising demand for renewable energy sources and growing recognition of energy security, self-sufficiency, and supportive government regulations.
• Lucintel forecasts that, within the application category, the roof segment is expected to witness the highest growth over the forecast period due to enhanced strength and superior aesthetic charm in integrated roofs and skylights.
• Within the end use industry category, industrial will remain the largest segment due to increasing utilization to decrease dependence on non-renewable energy sources.
Emerging Trends in the Building Integrated Photovoltaic Market in India
India is making rapid strides in the adoption of renewable energy, with the building integrated photovoltaic (BIPV) sector leading this change. As the country attempts to achieve its ambitious renewable energy goals, there is a growing interest in the BIPV market due to its capability to provide clean energy and its unique integration into the architectural form of buildings. These new technologies not only help conserve energy but also contribute to achieving the government’s sustainability and carbon emission reduction goals. Below are important emerging BIPV trends in India:
• Increase in Government Funding and Encouragements: The adoption of BIPV systems is encouraged by the provision of incentives and renewable energy subsidies from the Indian government, which are becoming more common. Efforts such as the National Solar Mission aim to foster the use of solar energy, and there is more focus on energy-efficient buildings from the ECBC, which provides more favorable conditions for BIPV installations. Grants focused on research and development, such as tax incentives and green building subsidies, have enabled more residential and commercial spaces to adopt BIPV systems, leading to the rapid expansion of the industry.
• Incorporation with Smart Grid Technology: BIPV systems in India are being integrated with smart grid technology for better energy management and electricity usage. Smart grids facilitate the monitoring of energy consumption, allowing buildings to utilize the energy generated by BIPV systems more efficiently. With the inclusion of BIPV, building owners can now sell excess energy back to the grid, in addition to lowering their energy costs, creating a new revenue stream. This integration will boost the efficiency and economic sustainability of BIPV in urban centers across India.
• Emphasis on Sustainable Urban Centers: New urban centers are being developed in India, with sustainability and green cities at the forefront. Sustainability compliance in new urban projects is becoming more common with BIPV technology. The carbon footprint is being lowered while renewable energy is provided through solar panels embedded in the roofs and facades of buildings. There is a strong push toward environmentally friendly building solutions, which is further spreading the adoption of BIPV in metropolitan areas with high commercial and residential activity.
• Adoption of Lightweight and Flexible Solar Materials: With the growing demand for BIPV systems in India, manufacturers are focusing on lightweight and flexible solar materials to meet specific market needs. These materials can be easily installed and incorporated into various architectural designs, including retrofitting existing homes and buildings. For example, flexible solar panels can be mounted on building facades or roofs with minimal structural work, lowering installation costs. This is enhancing the scope of innovation in the BIPV sector by making it more flexible and easier to use for various purposes.
• Increased Interest in Off-Grid Applications: In off-grid areas, especially rural regions in India with no or limited access to the national grid, BIPV systems are becoming increasingly popular. These systems offer reliable and sustainable energy solutions by producing electricity directly at the site where it is consumed. BIPV systems are being used in rural homes, schools, and clinics to provide electricity without depending on external sources. As India aims to electrify its rural populations, BIPV provides an excellent way to achieve energy self-sufficiency while reducing dependence on fossil fuels and grid electricity.
New and emerging opportunities in the Indian BIPV market are transforming the renewable energy industry in the country. Government assistance, smart grid connections, and a focus on urban development are driving the demand for BIPV systems. Moreover, innovations like lightweight structures and off-grid technology are improving the accessibility and adaptability of BIPV systems. As these changes progress, BIPV has the potential to play a crucial role in meeting the country’s renewable energy objectives and enhancing construction sustainability in India.
Recent Developments in the Building Integrated Photovoltaic Market in India
India’s building integrated photovoltaic (BIPV) market is expanding rapidly due to modern technological changes, supportive policies, and the increasing need for energy-efficient construction. With the focus on renewable energy, BIPV solutions are becoming critical assets in the construction market. Here are the key innovations driving the growth and impact of the BIPV sector in India.
• Integrating Solar Power: The increasing support of the Indian government toward integrating solar power into the design of buildings is promoting the use of BIPV systems. Initiatives like the Solar Energy Corporation of India (SECI), coupled with state-level programs, are encouraging the installation of rooftop solar systems and BIPVs in new constructions. The growing trend toward seeking green building certifications and energy-efficient construction is promoting the application of BIPV technology in both residential and commercial projects. Favorable government policies are making a wide range of BIPV applications economically feasible.
• Use of Solar Energy Panels as Building Facades: Modern trends observed in India’s BIPV market include the increased use of solar panels on building facades. In the past, solar panels were commonly placed on rooftops, but now they are integrated into building facades, helping to harness solar energy while contributing to a modern architectural look. This trend is particularly prominent in commercial and multi-story residential buildings in metropolitan areas such as Delhi, Mumbai, and Bangalore. The ability to harness solar energy from the face of the building makes BIPV more appealing in urban areas.
• The Expansion of BIPV Systems: The Indian government endorses the development of Smart City projects, and BIPV technology is strategically integrated into these plans. BIPV-powered smart cities are designed to self-generate energy using solar power while reducing emissions. The integration of BIPV helps achieve net-zero building targets and supports India’s renewable energy goals. The shift toward solar-powered smart cities offers significant opportunities for the domestic BIPV industry, especially for urban development projects across the nation.
• Increasing Solar Panel Performance: Recent solar panel innovations in India are enhancing BIPV performance and reliability by simplifying design complexity. Solar panels for urban BIPV installations now serve the same purpose on a smaller scale and more compact form. The adoption of simpler solar panels enables more electricity to be produced in confined areas, which is especially important for large cities. Additionally, the enhanced durability of solar panels ensures consistent efficiency even in extreme conditions, which is essential in many areas of India. This makes BIPV systems attractive for construction and property developers.
• Expansion of Integrated Solar Solutions in Social Housing Projects: BIPV systems are playing a key role in supporting sustainable construction in India’s affordable housing projects. These projects aim to lower residents’ utility bills and contribute to India’s renewable energy objectives. Moreover, BIPV systems are easy to implement and cost-effective, making them ideal for subsidized homes. These factors help ensure compliance with ecological standards while addressing the country’s housing shortage.
The developments in India regarding BIPV are accelerating due to government support and the installation of solar and power-intelligent building technologies. The rise of solar-powered smart cities and the introduction of BIPV in social housing projects mark significant market opportunities. As more opportunities emerge, these developments enable India to achieve extensive urbanization while utilizing BIPV as a key feature in buildings. Thus, India can accelerate its renewable energy sourcing and diversification while transforming its construction industry.
Strategic Growth Opportunities for Building Integrated Photovoltaic Market in India
India is progressing toward the integration of solar energy into urban development, and BIPV systems are crucial to this transition. BIPV, which stands for Building Integrated Photovoltaics, refers to the integration of solar panels within building structures. This approach responds to the need for energy by contributing to environmental protection and reducing reliance on power grids. With a surge in interest in BIPV, there is significant potential in emerging markets across the residential, commercial, and industrial sectors. With that in mind, let’s take a look at the important growth opportunities in the BIPV market in India.
• Adoption of BIPV in Residential Homes: The residential sector in India presents significant business opportunities for integrating solar power. In the context of high electricity prices and rising awareness of sustainability, homeowners are increasingly demanding energy-efficient solutions. Considerable savings on energy costs and a reduction in the carbon footprint will more than offset the investment in BIPV systems integrated into roofs and glass facades. Government incentives and increased support have made BIPV more appealing, resulting in more homeowners adopting BIPV systems in residential buildings. This will drastically reduce emissions in combination with the increasing adoption of BIPV.
• Green Certification for Commercial Buildings: BIPV systems are increasingly adopted by commercial buildings to obtain green building credentials and reduce operational expenses. BIPV is a cost-effective solution for India’s growing infrastructure investments, as it provides an energy-sustainable solution. Direct incorporation of solar power into a building’s design allows companies to reduce energy expenditures, decrease carbon emissions, and improve their sustainability profile. With the introduction of green programs such as the rating system developed by the Indian Green Building Council (IGBC), there is greater BIPV penetration in commercial buildings.
• Infrastructure and Government Building Projects: BIPV technology is steadily being integrated into government buildings and large infrastructure projects in India. These projects are increasingly required to be sustainable, and BIPV has a significant impact on energy efficiency objectives. Government buildings can save on operational energy costs while reducing energy consumption by incorporating solar energy into the building fabric. BIPV is an appealing solution for public sector buildings, given the increased emphasis on renewables by the Indian government, which will boost its implementation in regional and national infrastructure projects.
• Integrating BIPV into Smart Cities: BIPV systems can expect extensive growth with the development of smart cities in India. Smart cities focus on creating and sustaining urban environments that are self-sufficient and energy-efficient. BIPV can integrate into the infrastructure of urban areas to generate cleaner energy, increasing the self-sufficiency of buildings while decreasing dependency on the traditional grid. The adoption of BIPV as part of smart city projects will cut carbon emissions and help achieve better living standards in urban areas, while simultaneously advancing governance targets for clean energy and sustainable growth.
• BIPV Systems for Industrial and Rural Off-Grid Objectives: The integration of BIPV systems into rural regions of India that are not connected to the power grid presents another growth area for BIPV. Clean energy generation from BIPV in areas with no access to the power grid can transform some industrial sectors. BIPV not only generates electricity but also allows businesses to operate at a lower cost while increasing sustainability. Additionally, rural off-grid applications can enhance energy security while reducing fossil fuel consumption. In light of India’s rural electrification trend, BIPV will be key to providing renewable energy to these regions.
building integrated photovoltaic (BIPV) systems have great potential in India, particularly in residential complexes, commercial offices, government buildings, smart cities, and the industrial sector. India’s focus on renewable energy, along with urban sustainable development, means that integrating BIPV systems will help reduce carbon footprints and improve energy efficiency. The integration of BIPV systems will significantly benefit India’s renewable energy sector with strong government support, demand for green building solutions, and new initiatives for Smart Cities.
Building Integrated Photovoltaic Market in India Driver and Challenges
A focus on technological development and the economic and regulatory environment of India combined will impact the building integrated photovoltaic (BIPV) market. These factors have both positive and negative implications within the market scope. Cost and efficiency concerns for BIPV solar systems are being addressed as technology progresses. In addition, the regulation of building designs is creating opportunities for their construction. However, many users face reluctance due to high initial investment costs, poor understanding of the technology, and infrastructural shortcomings. Below are the key drivers and challenges for variations and factors in India’s BIPV market.
The factors responsible for driving the building integrated photovoltaic market in India include:
• Advanced Features of Solar Panels: The BIPV market in India is fueled by advances in solar panel efficiency and durability. Newer solar panels are more efficient at capturing energy from a given surface area and can generate more power, making them easier to integrate into buildings. These improvements also help make BIPV systems more cost-effective by reducing installation expenses while increasing long-term performance. As the solar industry grows, BIPV systems will become easier to sell to homeowners and businesses, encouraging market growth.
• BIPV Market Growth Drivers: The spearheading projects also motivate the adoption of solar energy BIPV systems within the country. Initiatives such as the National Solar Mission, along with state-level incentives and subsidies, aim to attract both commercial and residential building owners toward using solar technologies. These devices may increase construction and energy costs but enable people to pay less upfront for the installation of solar equipment. Furthermore, codes like the Energy Conservation Building Code (ECBC) are pushing for energy efficiency in buildings, which increases the need for BIPV systems across various industries.
• Rising Energy Prices and Sustainability Issues: As energy tariffs increase in India, building owners are looking for ways to reduce electricity costs. BIPV systems, which generate clean energy from the building’s surfaces, provide the perfect solution. Solar power integrated into buildings enables homeowners and companies to save on energy bills. At the same time, growing concerns about sustainability and climate change are driving more building developers and owners to use renewable energy sources like BIPV, which is critical for India’s green building movement.
• Urbanization and Smart City Development
With India’s urbanization and the construction of smart cities, the demand for BIPV systems is rising. Smart cities are designed to be energy-efficient, environmentally friendly, and technologically advanced—all qualities that BIPV systems offer. As the population in cities increases and infrastructure demand grows, incorporating BIPV into building architecture will help reduce energy usage and carbon emissions. The development of smart cities offers a significant opportunity for BIPV systems as the government promotes energy-efficient and self-sufficient urban areas.
• Energy Security and Off-Grid Solutions: Achieving energy security is a persistent challenge in India, especially in rural and remote areas, which suffer from power deficits. BIPV systems promise effective power solutions for off-grid setups by providing renewable energy directly at the point of use. In industries, BIPV can help reduce reliance on grid supply. In rural areas, BIPV can power homes and institutions without the need for heavy investment in grid infrastructure, which presents a significant opportunity for both rural and off-grid BIPV markets.
Challenges in the building integrated photovoltaic market in India are:
• High Initial Costs: Despite all the benefits solar energy offers, the biggest hurdle in implementing BIPV systems in India is the high installation cost. Government subsidies help, but the investment still seems too high for many owners, especially in the residential sector. The cost savings do accumulate over time, but the initial expenditure will continue to hinder large-scale adoption. To facilitate wider acceptance of BIPV systems, the solar panel installation process needs to become more cost-efficient, along with better financing options.
• Lack of Knowledge or Awareness Gaps: Both consumers and developers in India lack a proper understanding of BIPV technology. Many people do not know about BIPV’s potential benefits, such as energy savings, lower carbon emissions, and long-term sustainability. Additionally, developers may not have the required skills to integrate BIPV into building designs. There is an immediate need for education and training programs regarding BIPV for builders, architects, and the general public in order to capture the emerging market.
• Challenges of Infrastructure: The majority of India’s infrastructure, particularly in rural and semi-urban regions, is not ready for the large-scale adoption of BIPV systems. The lack of adequate grid connections, poor technical maintenance, and substandard installation of BIPV systems hinder the improvement of BIPV technology in many areas. These constraints need to be addressed to improve grid access, technical expertise, and support systems, ensuring the sustainability of BIPV in India.
As India advances toward renewable energy and sustainable building practices, the BIPV market emerges as a transformative technology to meet the country’s energy and environmental goals. The primary factors driving the adoption of BIPV in India, such as technological innovations, government backing, and rising energy prices, are expanding the market. However, expensive installation costs, lack of knowledge, and insufficient infrastructure must be addressed for large-scale use.
List of Building Integrated Photovoltaic Market in India Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, building integrated photovoltaic companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the building integrated photovoltaic companies profiled in this report include:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
• Company 6
• Company 7
• Company 8
• Company 9
• Company 10
Building Integrated Photovoltaic Market in India by Segment
The study includes a forecast for the building integrated photovoltaic market in India by technology, application, and end use industry.
Building Integrated Photovoltaic Market in India by Technology [Analysis by Value from 2019 to 2031]:
• Crystalline Silicon
• Thin Film
• Others
Building Integrated Photovoltaic Market in India by Application [Analysis by Value from 2019 to 2031]:
• Roof
• Glass
• Wall
• Facade
• Others
Building Integrated Photovoltaic Market in India by End Use Industry [Analysis by Value from 2019 to 2031]:
• Industrial
• Commercial
• Residential
Features of the Building Integrated Photovoltaic Market in India
Market Size Estimates: Building integrated photovoltaic in India market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Building integrated photovoltaic in India market size by technology, application, and end use industry in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different technology, application, and end use industry for the building integrated photovoltaic in India.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the building integrated photovoltaic in India.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What are the major drivers influencing the growth of the building integrated photovoltaic market in India?
Answer: The major drivers for this market are swift growth of solar photovoltaic installation capacities globally, driven by rising demand for renewable energy sources and growing recognition of energy security, self-sufficiency, and supportive government regulations.
Q2. What are the major segments for building integrated photovoltaic market in India?
Answer: The future of the building integrated photovoltaic market in India looks promising with opportunities in the industrial, commercial, and residential markets.
Q3. Which building integrated photovoltaic market segment in India will be the largest in future?
Answer: Lucintel forecasts that roof installation is expected to witness the highest growth over the forecast period due to enhanced strength and superior aesthetic charm in integrated roofs and skylights.
Q4. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 10 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the building integrated photovoltaic market in India by technology (crystalline silicon, thin film, and others), application (roof, glass, wall, facade, and others), and end use industry (industrial, commercial, and residential)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to building integrated photovoltaic market or related to building integrated photovoltaic companies, building integrated photovoltaic market size, building integrated photovoltaic market share, building integrated photovoltaic market growth, building integrated photovoltaic market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.