Building Integrated Photovoltaic in Thailand Trends and Forecast
The future of the building integrated photovoltaic market in Thailand 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 Thailand 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 Thailand
Thailand is working hard towards achieving a sustainable energy future, with the building integrated photovoltaic (BIPV) market playing a crucial role in this transition. As the country continues to urbanize and faces rising energy demand, BIPV systems have the potential to reduce grid dependency and encourage development. These shifts highlight the growth of BIPV within Thailand’s construction and energy sectors, paving the way for more energy-efficient and environmentally friendly building practices.
• Thailand Policies and Incentives Related to BIPV: Thailand is promoting the use of renewable energy through policies and regulations, which has increased the implementation of BIPV systems. Developers and building owners are encouraged to take advantage of tax deductions, government subsidies, and BIPV green building certifications. The expanding regulatory framework that supports energy-efficient designs is expected to foster rapid development, benefiting newly constructed and retrofitted buildings.
• Adoption of BIPV Technology in High-Rise Urban Structures: BIPV systems are gaining traction in high-rise buildings located in urban regions of Thailand. Due to space constraints, BIPV integrated into building envelopes—such as solar facades, windows, and roofs—presents an excellent opportunity to capture solar energy in busy urban areas. Integrating BIPV into skyscrapers helps mitigate urban heat island effects, in addition to producing renewable energy and improving energy efficiency in densely populated urban centers.
• Surge in the Need for Green Commercial Spaces: Across Thailand, businesses are placing greater emphasis on sustainability in their commercial real estate practices. Like many other countries, Thailand is raising awareness of corporate social responsibility, prompting many real estate developers to incorporate BIPV technology to comply with green building certifications. The growing market for sustainable office and retail spaces enables companies to meet energy efficiency and sustainability targets while saving money on energy costs.
• Adoption of BIPV by Households for Energy Self-Sufficiency: Increasing energy self-sufficiency is a primary driver for adopting BIPV in residential properties in Thailand. With rising electricity costs and a desire for energy independence, households are beginning to incorporate solar technologies into their homes. BIPV serves both design and energy production purposes, allowing it to be integrated into buildings without compromising aesthetics. As more residential builders and property owners seek affordable ways to produce energy, this trend is expected to accelerate.
• Developments in BIPV Material Technology: Advances in solar cell technology have made BIPV more efficient and cost-effective. Thailand is witnessing the development of new, lightweight, flexible photovoltaic materials that are easy to incorporate into building structures. These innovations improve the robustness of designs and make BIPV systems less cumbersome to install. The new materials also enhance the efficiency of energy generation, making BIPV more appealing to construction projects throughout the country.
Behavioral shifts in Thailand’s BIPV market point toward an increasing focus on energy-efficient solutions for buildings and construction activities. Government policies, urban development, commercial sustainability, self-sufficiency, and advancements in solar material technology are driving the growth of BIPV. Thailand is making significant progress towards energy efficiency and green building practices, with BIPV playing a vital role in supporting the country’s energy efficiency efforts and low-carbon growth policy.
Recent Developments in the Building Integrated Photovoltaic Market in Thailand
A profound shift is occurring in Thailand’s energy and construction industries, with BIPV technologies becoming a central component of sustainable building practices. Recent developments in the BIPV market focus on urban integration, technological advancements, and policy integration. These efforts reflect the growing embrace of solar energy in Thailand’s construction sector, with the potential to expand into other business areas, including private homes and office buildings.
• Government-Led Renewable Energy Initiatives: The Government of Thailand has actively promoted renewable energy as a key step toward achieving the country’s sustainability vision. Recently, the government has introduced several benefits and tax rebates to encourage the installation of solar systems, particularly BIPV, in homes and commercial establishments. The government’s commitment to energy transition is driving BIPV adoption as a means to reduce carbon emissions and dependence on fossil fuels. This policy has also created opportunities for investment in advancing BIPV technologies in the country.
• Increased Adoption of BIPV in Urban Centers: Cities like Bangkok are growing rapidly, and BIPV is being incorporated into new skyscrapers and the retrofitting of older buildings. The increasing concentration of the population in cities creates a high demand for energy-efficient buildings, but space for solar panel installation is often limited, making BIPV an ideal solution in urban areas. The ability to integrate BIPV into building facades, windows, and roofs makes it especially suitable for crowded cities where space and energy efficiency are crucial.
• Local Manufacturing and Technological Advancements: Thailand is making progress in developing local BIPV technology and manufacturing. Local companies are working to produce more advanced photovoltaic materials. The move toward local manufacturing helps reduce the cost of BIPV systems and increases market competition. Moreover, advancements in solar panel technologies and the invention of lighter, flexible materials have made it easier to integrate BIPV into various building designs. These developments have sparked greater interest from developers and homeowners, further expanding the market.
• Adoption of BIPV in Commercial Real Estate: The commercial real estate sector in Thailand is increasingly adopting BIPV due to sustainability commitments and a desire to lower operational costs. Many office towers, shopping malls, and hotels are incorporating solar energy systems to reduce their energy expenditures and meet the energy needs of eco-conscious tenants and consumers. As green building certifications become essential in commercial real estate, BIPV offers developers a practical solution for constructing environmentally responsible and energy-efficient buildings.
• Growth of the Residential Retrofit Market: With rising energy costs, the people of Thailand are turning to BIPV as a way to achieve energy self-sufficiency. Retrofitting existing homes to incorporate solar energy has created a new niche market, with an increasing number of homeowners choosing BIPV solutions that complement the design of their homes while providing reliable and renewable energy. The growing acceptance of solar power is expected to expand this market as more people recognize the environmental and long-term economic benefits.
Recent developments in Thailand’s BIPV industry signal a growing emphasis on incorporating solar energy into building design and construction. Factors such as government policies, urban expansion, technological advancements, and the rising demand for green buildings and infrastructure are paving the way for greater BIPV adoption. These changes position BIPV as a strategic component in Thailand’s energy transition, supporting the country’s broader sustainability objectives.
Strategic Growth Opportunities for Building Integrated Photovoltaic Market in Thailand
Integrating Building Photovoltaics (BIPV) into urban construction and development, Thailand has aggressively established itself as a key player in the renewable energy sector. BIPV also offers an innovative approach to addressing the ever-growing energy demand and heightened environmental awareness, as it reduces reliance on grid-powered electricity while providing a sustainable and aesthetically pleasing enhancement to buildings. Several key growth opportunities are shaping particular applications of BIPV in Thailand.
• The Integration of Photovoltaic Systems in Urban High-Rise Structures: High-rise buildings in urbanized areas of Thailand, designed and constructed using BIPV systems, take advantage of limited land area for traditional solar panels. BIPV is much more versatile, as it can be mounted on building windows, roofs, and facades. The energy goals of city planners, business and residential developers, and constructors are met without space restrictions. Due to the energy-efficient goals of commercial and residential developers, BIPV systems have become crucial wherever green building certifications are desired. This has led to an increase in BIPV system utilization in both new and upgraded high-rise buildings.
• Adoption within Commercial and Industrial Sectors: Thailand’s commercial real estate sector is actively seeking energy-efficient solutions to reduce expenses and meet sustainability targets. As a result, there is a high demand for BIPV. For office buildings, retail stores, and industrial units, BIPV is the ideal solution. The integration of photovoltaic solar power technology into building architecture means that businesses will no longer depend on the grid, reducing overall energy costs and improving corporate credibility. The demand for energy-efficient commercial buildings will continue to rise, creating strong growth opportunities for BIPV in the commercial market.
• Integration of Solar Energy within Residences: As electricity costs rise and the need for sustainability grows, homeowners in Thailand are increasingly interested in energy independence. BIPV makes the integration of solar energy within residential properties possible. BIPV systems can be incorporated into windows and roofs, allowing them to meet energy demands without taking up space. There will be a growing awareness of the benefits of renewable resources, particularly in the retrofitting market. As a result, the residential market will experience impressive growth in BIPV installations.
• The Thai Government Has Fostered Powerful Green Building Standards and Policies: BIPV system investments are becoming more favorable due to several policies and incentives offered by the Thai government to promote renewable energy development and sustainable construction practices. New building regulations are being implemented with more energy-conserving requirements than previous ones. BIPV systems provide a practical solution for green building certifications. This will likely create a surge in demand for such materials, offering developers and builders an opportunity to incorporate BIPV systems into their constructions. This surge will increase the value of both commercial and residential properties.
• Innovations in BIPV Materials Have Also Witnessed Growth and Changes Over the Years: Ongoing advancements in photovoltaic technology are continually increasing the efficiency of BIPV systems while lowering their costs. Innovations in thin-film solar cells, lightweight flexible panels, and other materials have made solar solutions more practical for building integration. These materials are more affordable, and their improved performance will drive greater adoption of BIPV as a primary building solution, thus increasing the number of homeowners and developers using multifunctional solar panels for building-integrated photovoltaics. These changes will foster further market growth and enhance the affordability and versatility of BIPV materials.
The market for building integrated photovoltaics (BIPV) in Thailand is projected to grow substantially due to urbanization, government policies, new technology adoption, and increasing interest in sustainable lifestyles. Within the context of the BIPV framework, there are opportunities in high-rise buildings, commercial businesses, residential constructions, and government initiatives. As a result, BIPV is positioned to become a cornerstone of the country’s energy-efficient future. As technology evolves and policies support renewable energy, BIPV will likely have a profound impact on transforming Thailand’s building industry.
Building Integrated Photovoltaic Market in Thailand Driver and Challenges
Several factors affect the growth of the BIPV market in Thailand. These include BIPV construction and installation processes, broader energy needs, and domestic energy requirements. The expansion of the BIPV market in Thailand is driven by key factors, including government policies promoting infrastructure changes, increasing energy demand, and advancements in solar technology. However, there are challenges, such as high initial costs, integration issues, and regulatory hurdles. To understand the feasibility of BIPV in Thailand, one must consider these drivers and constraints to assess market complexities and the potential of BIPV technologies in Thailand.
The factors responsible for driving the building integrated photovoltaic market in Thailand include:
• Supportive Government Policies and Incentives: The government of Thailand has embraced renewable energy and green building construction through subsidies, tax breaks, and rebates. These policies have been crucial for the acceptance of BIPV systems in residential, commercial, and industrial buildings. The government’s commitment to achieving renewable energy targets and carbon emission reduction goals through energy-efficient buildings directly impacts the market. As a result, rising sustainability trends will likely continue to increase demand for BIPV units, especially in metropolitan areas.
• Rising Energy Demand and High Electricity Costs: Thailand’s substantial energy demand is a direct result of population growth and industrial expansion. At the same time, rising electricity costs are prompting both businesses and homeowners to seek more economical energy sources. BIPV systems provide a simple solution by utilizing building structures to generate renewable energy, reducing reliance on the electrical grid. This self-sufficiency offers substantial economic benefits and is a major driver of increased demand for BIPV systems, especially in areas with high energy consumption and utility rates.
• The Development of Solar Energy Technology: Recent advancements in solar energy include more efficient photovoltaic cells and lightweight materials that make BIPV systems more feasible. These innovations enhance the use of solar panels in building construction without interfering with architectural aesthetics or function. As BIPV materials become cheaper and easier to use, these technologies will become increasingly commonplace and will be used in a wider range of applications, from skyscrapers to single-family homes.
• Sustainability Insights and Environmental Focus: In Thailand, increasing awareness of environmental issues, such as climate change, is driving demand for sustainable energy solutions, including BIPV. As both consumers and developers become more environmentally conscious, the demand for BIPV systems will continue to grow. Efforts to promote energy-saving, low-carbon emitting buildings—both residential and commercial—will sustain and expand the use of BIPV technologies in Thailand.
• Thailand Urbanization and the Importance of Energy-Efficient Structures: With Thailand’s rapid urbanization, there is significant potential for BIPV integration in new skyscrapers and other infrastructure projects. Unlike traditional solar panel installations, which require large land areas, BIPV allows for solar energy capture without the need for additional land. As more urban buildings emerge, the demand for energy-efficient structures will accelerate the adoption of BIPV technologies, benefiting both commercial and residential markets.
• Exorbitant Costs of Installation: The high initial cost of BIPV installation remains a major issue in Thailand, stemming from the solar panel market. Although the upfront cost can be a barrier for many households and businesses, the long-term benefits of BIPV systems are undeniable. Government funding alleviates some of the financial pressure, but many potential users are still deterred by the high costs. Addressing these cost-related issues through government support would likely increase acceptance of BIPV systems in Thailand.
Challenges in the building integrated photovoltaic market in Thailand are:
• Regulatory Complexities: Even with favorable policies in place, integrating BIPV technology within Thai regulations remains problematic. Varying standard operating procedures for permits, compliance with building policies, and local laws often delay processes and increase costs for developers. Streamlining BIPV integration and creating clearer guidelines could boost market adoption, particularly for residential and commercial buildings.
• Technical Barriers to Seamless Integration: Despite advancements in BIPV technology, designing buildings that incorporate these systems presents challenges due to compatibility issues with existing infrastructure. The adoption of BIPV may be slowed by installation complexity and the need for specialized knowledge. Further innovation in BIPV design and components is necessary to simplify its application, particularly in building configurations. Streamlining the installation process will increase the technology’s marketability across various construction projects.
The factors driving the growth of Thailand’s BIPV market include supportive government policies, technological developments, and rising energy consumption. However, the market also faces challenges, such as high upfront costs, regulatory hurdles, and integration difficulties. As these obstacles are addressed, BIPV is expected to play a key role in energy-efficient construction and building in Thailand, leading to positive impacts on the economy and the environment.
List of Building Integrated Photovoltaic Market in Thailand 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 Thailand by Segment
The study includes a forecast for the building integrated photovoltaic market in Thailand by technology, application, and end use industry.
Building Integrated Photovoltaic Market in Thailand by Technology [Analysis by Value from 2019 to 2031]:
• Crystalline Silicon
• Thin Film
• Others
Building Integrated Photovoltaic Market in Thailand by Application [Analysis by Value from 2019 to 2031]:
• Roof
• Glass
• Wall
• Facade
• Others
Building Integrated Photovoltaic Market in Thailand by End Use Industry [Analysis by Value from 2019 to 2031]:
• Industrial
• Commercial
• Residential
Features of the Building Integrated Photovoltaic Market in Thailand
Market Size Estimates: Building integrated photovoltaic in Thailand market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Building integrated photovoltaic in Thailand market size by technology, application, and end use industry in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different technology, application, and end use industry for the building integrated photovoltaic in Thailand.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the building integrated photovoltaic in Thailand.
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 Thailand?
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 Thailand?
Answer: The future of the building integrated photovoltaic market in Thailand looks promising with opportunities in the industrial, commercial, and residential markets.
Q3. Which building integrated photovoltaic market segment in Thailand 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 Thailand 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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