Building Integrated Photovoltaic in Mexico Trends and Forecast
The future of the building integrated photovoltaic market in Mexico 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 Mexico 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 Mexico
The BIPV industry in Mexico is shifting towards achieving renewable energy targets, which boosts the country’s competitiveness in the renewable sector. As the global market moves toward sustainability, the reduction of carbon emissions and the increase in energy consumption can be effectively managed. Additionally, the increase in flexible equipment significantly lowers costs and encourages the adoption of BIPV systems in both commercial and residential constructions. The market will be further boosted by the introduction of new technologies, government policies, and rising public awareness of solar energy.
• Connection to Smart Grids: Smart grid integration is rapidly becoming a major component of the BIPV market in Mexico. Modern buildings are becoming smarter and more energy-efficient through the use of intelligent grid systems, and BIPV systems are now integrated with these grids. Intelligent grid systems optimize energy production, distribution, consumption, and storage, improving the performance of buildings equipped with photovoltaic systems. This not only increases the effectiveness of energy supply but also the dependability and sustainability of BIPV systems. Consequently, the growing adoption of smart technologies expands the scope of BIPV integration with other smart systems.
• Urban Green Building Projects: The growth of green building initiatives in Mexico is creating opportunities for BIPV systems. As developers and urban planners aim for sustainability certifications, BIPV systems are being integrated into new buildings. These systems help achieve environmental and energy consumption reduction targets while also providing operational cost savings for urban areas. The growth and development of cities like Mexico City is driving the increased use of BIPV solutions in the design and construction of sustainable buildings. The focus on green buildings guarantees that BIPV will remain a key element in the region’s urbanization efforts.
• Government Incentives for Renewable Energy: Policies in Mexico are promoting the use of renewable energy, and BIPV is increasingly favored as part of these policies. To reduce carbon emissions and achieve clean energy goals, the Mexican government has introduced several financial policies, such as tax incentives and subsidies for specific renewable energy projects. These measures are helping to increase the use of BIPV technology in homes and businesses. The combination of supportive policies and government incentives makes it easier for property owners to install solar solutions in their buildings.
• Affordable Solar Technologies: It is becoming more affordable for businesses and homeowners to acquire BIPV solutions in Mexico due to lower costs for solar technology. As solar panels and energy storage systems become more affordable, more people are investing in BIPV systems. This is especially relevant for the residential sector, where affordability is a key factor. The adoption of BIPV systems is expected to increase across Mexico as solar technology improves and competition intensifies.
• Energy Independence and Self-Sufficiency: The increasing cost of energy, coupled with frequent power outages in parts of Mexico, makes energy independence essential. Buildings equipped with BIPV systems can generate their electricity, reducing reliance on the national grid and increasing energy resilience. Self-sufficiency is particularly desirable in remote or rural areas with limited access to electricity. The desire for energy independence is a major driver for the growing need for BIPV systems.
The growth of BIPV is primarily focused on the following areas: the integration of smart grids, affordable solar technology, and green building initiatives. These key objectives, along with robust policy support and public enthusiasm for energy independence, suggest that BIPV systems are likely to fundamentally change energy generation and consumption in Mexican buildings, helping the country achieve its renewable energy goals.
Recent Developments in the Building Integrated Photovoltaic Market in Mexico
The government has partnered with international solar firms, enabling Mexico to attract more business through global collaborations. By leveraging global advancements and local development foundations, these partnerships aim to increase the attractiveness and efficiency of BIPV structures. The collaboration enhances accessibility to BIPV solutions, driving further development in the residential sector and boosting the competitiveness of the Mexican BIPV market. According to the Mexican government, the country’s economy is on track to achieve BIPV market growth and transition to clean energy. Policies such as the Energy Transition Law focus on fostering economic development through renewable energy sources. BIPV systems contribute to economic growth in construction, with subsidies, tax rebates, and grants further advancing residential and commercial projects.
• Advances in Solar Panel Efficiency: A recent development in Mexico’s BIPV market is the improvement of solar panel efficiency. The advancement of solar technology is making building-integrated systems more cost-effective and productive. With more efficient solar panels, the required surface area for installation is significantly reduced, offering greater flexibility in the types of buildings that can incorporate them. This is particularly beneficial in urban areas with space constraints. Increased efficiency will also lower installation costs over time, making BIPV systems more appealing to potential investors and buyers.
• Growth in Residential Solar Demand: In Mexico, the growth of residential solar solutions is being driven by high electricity costs, environmental concerns, and the desire for self-sufficiency. Many homeowners are seeking ways to integrate BIPV into their homes to reduce electricity expenses. BIPV systems allow for solar panels to be integrated directly into a building’s roof, windows, and walls, enabling the self-generation of power and improving energy efficiency. The growing use of BIPV in the residential sector is expected to significantly boost market growth.
• Sustainability Focus in Urban Areas: The rapid urbanization of Mexico’s cities is placing greater emphasis on sustainability in energy supply and eco-friendly infrastructure. BIPV continues to offer energy efficiency certifications and eco-friendly designs that help meet sustainability goals. New residential and commercial developments are increasingly turning to BIPV for its ability to provide integral energy solutions and simplify the procurement of renewable energy. This trend is expected to drive the adoption of BIPV technology in Mexico’s urban centers.
Recent changes in Mexico’s BIPV market—including government incentives, international partnerships, technological advancements, and an increased focus on sustainability—are creating favorable conditions for the growth of solar-integrated buildings. Mexico’s BIPV market is expanding as international investors and domestic companies embrace solar construction. Meeting the latest energy efficiency and eco-friendly construction standards is enhancing the country’s renewable energy framework. These developments are expected to result in market growth, helping Mexico meet its long-term energy and sustainability goals.
Strategic Growth Opportunities for Building Integrated Photovoltaic Market in Mexico
America’s focus on renewable energy creates a significant opportunity for Mexico’s building integrated photovoltaic (BIPV) sector, especially as the country rapidly urbanizes. The advanced technologies of BIPV offer affordable energy generation and improved aesthetics for buildings. Rising electricity prices, coupled with environmental concerns and government support, help address sustainable development goals for BIPV technology. Mexico’s growing urbanization and shift toward green building practices will help reduce energy costs while meeting the nation’s sustainability goals. This facilitates the widespread adoption of BIPV technology in residential, industrial, and commercial sectors.
• Solar BIPV in Residential Buildings: Mexican residential units are now BIPV-enabled, helping homeowners become self-sufficient in energy generation. Recent hikes in electricity prices will drive demand for these newly developed BIPV residential units. Not only do BIPV systems reduce energy bills, but they also enhance building aesthetics by integrating solar panels into rooftops and facades. In the last decade, Mexico has experienced a growing need for energy due to its increasing population, which the BIPV sector is poised to address.
• Commercial Building Applications: Energy-efficient BIPV systems are slowly gaining popularity in commercial buildings, where cost control is a primary concern. These systems help reduce operational expenses by supporting a portion of the building’s energy demand with solar power. Real estate developers are rapidly adopting BIPV technology in new developments due to higher electricity prices and an increased focus on green certification. Additionally, buildings with solar-powered BIPV designs create a positive impression on potential tenants and clients. The growing need for energy-efficient office and retail spaces will further accelerate BIPV implementation in this sector.
• Public Infrastructure Projects: Public works in Mexico are beginning to adopt BIPV in areas such as government buildings, schools, and hospitals to achieve energy savings and reduce carbon footprints. These initiatives help achieve long-term sustainability benefits and align with Mexico’s national goals. The use of solar energy in public infrastructure also contributes to energy self-sufficiency and reduces dependence on the national grid. Furthermore, these initiatives showcase and promote the adoption of BIPV technology by illustrating sustainable development practices. As the government remains committed to promoting green energy solutions, BIPV opportunities in public works will continue to grow.
• Applications in Industry and Manufacturing: Companies in Mexico are increasingly turning to BIPV systems as a solution to rising energy expenses. Large industrial and manufacturing buildings are particularly suited for solar technology integration due to their expansive rooftops. BIPV allows factories and warehouses to generate their own electricity, thereby reducing dependence on external sources. This is particularly beneficial in regions with power scarcity and high energy costs. More companies are expected to adopt BIPV technologies to enhance operational productivity and meet sustainability goals in response to the growing trend of energy self-sufficiency.
• Incorporation of Energy Storage Systems: In Mexico, there is significant potential for growth in the market by integrating energy storage systems with BIPV solutions. Buildings equipped with BIPV systems generate electricity when the sun is shining, and energy storage systems allow them to store excess energy for later use when solar power is unavailable. This reduces over-reliance on the grid and ensures a constant electricity supply. As energy independence continues to rise in both the residential and commercial sectors, combining BIPV and storage solutions will become a powerful tool for long-term sustainability. This trend will thrive alongside upcoming advances in storage technology efficiency and affordability.
The solar energy industry in Mexico is expected to grow, particularly in the integration of solar photovoltaics into residential, commercial, public works, and industrial facilities. With the increasing shift toward sustainable development, rising energy costs, and BIPV systems emerging as a central strategy for cost reduction and environmental responsibility, the integration of energy storage systems further enhances BIPV’s practicality. These developments will transform the market, making BIPV integral to Mexico’s renewable energy objectives.
Building Integrated Photovoltaic Market in Mexico Driver and Challenges
Several factors, or "drivers," are shaping the Mexican solar energy market, affecting the use and growth of its resources. While technological, economic, and regulatory improvements exist, challenges such as infrastructure limitations, high costs, and low consumer awareness remain. These issues must be addressed by market participants who aim to benefit from the increasing demand for resources.
The factors responsible for driving the building integrated photovoltaic market in Mexico include:
• Government Support and Incentives: The Mexican government has introduced various policies and financial incentives to encourage the adoption of renewable energy, particularly BIPV systems. Overseas programs such as tax breaks, subsidized grants, and solar installations make BIPV more affordable for both residential and commercial sectors. This support reduces the upfront investment burden, thereby boosting the adoption of solar-powered technologies. Continuation of these incentives will foster further growth in the BIPV sector, helping Mexico meet its renewable energy targets while reducing fossil fuel usage.
• Technological Advancements in Solar Panels: The adoption of solar technology is making BIPV systems simpler, less expensive, and more aesthetically pleasing. Innovations in photovoltaic materials, such as thin-film and transparent solar cells integrated into building materials, are enhancing the efficiency of BIPV systems. These advancements allow BIPV systems to generate more power within a smaller surface area. These features are especially useful in urban areas where space is limited. As technology continues to advance, the performance and affordability of BIPV systems will improve, making them increasingly attractive for use in Mexico.
• Emergence of New Expenses: Energy costs in Mexico are steadily increasing, prompting consumers to seek ways to lower their electricity bills. At the same time, BIPV systems offer a long-term solution to the growing problem of energy independence by allowing buildings to generate their solar electricity, reducing reliance on the national grid. This growing shift toward energy independence is driving the adoption of BIPV systems in both residential and commercial spaces. As traditional energy prices continue to rise, the use of BIPV and other renewable energy sources is expected to expand across Mexico.
• Increased Need for Green Certification in Mexico: Mexico has seen a rise in developers, property owners, and builders seeking to achieve green certifications, which reflects an increased demand for environmentally sustainable building designs. BIPV systems assist in obtaining these certifications by reducing energy consumption and carbon emissions. With changes in building codes and the tightening of environmental legislation, it will become more common to incorporate BIPV technology into new constructions. These sociological trends, driven by the demand for “green” buildings and energy conservation measures, will encourage sustainable development in Mexico City and other metropolitan areas, further supporting the adoption of BIPV systems.
• Stress on Energy Independence and National Security: Mexico’s energy security, particularly in rural areas with limited electricity access, is an increasing concern. BIPV systems address this challenge by enabling buildings to produce and store electricity. This self-sufficiency reduces reliance on the national grid and ensures a stable power supply, even during periods of grid instability. As BIPV systems gain greater adoption in remote areas of Mexico, energy security needs will be more effectively met, given the country’s unique geographical layout.
Challenges in the building integrated photovoltaic market in Mexico are:
• Considerable New Investment Costs: Although the savings from BIPV systems offset the long-term costs, the initial investment in purchasing and installing these systems can be high. This financial barrier, even with government assistance, has led to slower adoption among homeowners and businesses. In the residential segment, affordability remains a major concern. Slower construction times and installation may further hinder market penetration among cost-conscious consumers. However, costs are expected to decrease as more efficient systems are developed, increasing competition and providing broader access to BIPV technologies.
• Consumer Ignorance: Many consumers in Mexico are unaware of the role BIPV systems can play and how solar energy can be integrated into building construction. This lack of awareness, combined with limited access to incentive and financing information, complicates adoption. During this period of market expansion, stakeholders must educate consumers on the benefits of BIPV in terms of cost savings, sustainability, and energy independence. Without sufficient knowledge and evidence, this challenge will remain unresolved.
The building integrated photovoltaic (BIPV) market in Mexico has been shaped by the interrelationship of high investment in technology, government support, rising energy costs, and consumers’ growing preference for sustainable living. Despite significant challenges such as the initial investment barrier and low consumer awareness, the potential for residential, commercial, and public infrastructure uses remains substantial. If these challenges are addressed, and combined with positive economic conditions and technological progress, Mexico’s BIPV market will grow significantly and help the country transition to renewable energy.
List of Building Integrated Photovoltaic Market in Mexico 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 Mexico by Segment
The study includes a forecast for the building integrated photovoltaic market in Mexico by technology, application, and end use industry.
Building Integrated Photovoltaic Market in Mexico by Technology [Analysis by Value from 2019 to 2031]:
• Crystalline Silicon
• Thin Film
• Others
Building Integrated Photovoltaic Market in Mexico by Application [Analysis by Value from 2019 to 2031]:
• Roof
• Glass
• Wall
• Facade
• Others
Building Integrated Photovoltaic Market in Mexico by End Use Industry [Analysis by Value from 2019 to 2031]:
• Industrial
• Commercial
• Residential
Features of the Building Integrated Photovoltaic Market in Mexico
Market Size Estimates: Building integrated photovoltaic in Mexico market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Building integrated photovoltaic in Mexico market size by technology, application, and end use industry in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different technology, application, and end use industry for the building integrated photovoltaic in Mexico.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the building integrated photovoltaic in Mexico.
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 Mexico?
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 Mexico?
Answer: The future of the building integrated photovoltaic market in Mexico looks promising with opportunities in the industrial, commercial, and residential markets.
Q3. Which building integrated photovoltaic market segment in Mexico 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 Mexico 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?
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