South & Central America BIPV Glass Market Forecast to 2031

At 13.2% CAGR, South & Central America BIPV Glass Market is Speculated to be Worth US$ 316.55 Million by 2031, says The Research Team

According to The Research Team’ research, the South & Central America BIPV glass market was valued at US$ 117.40 million in 2023 and is expected to reach US$ 316.55 million by 2031, registering a CAGR of 13.2% from 2023 to 2031. Increasing demand for green buildings and rising popularity of solar energy are among the critical factors attributed to drive the South & Central America BIPV glass market growth.

The emphasis on sustainability and environmental consciousness is on the rise across the world. As a result, there is a growing preference for green buildings that are energy-efficient, resource-efficient, and environmentally friendly. These green structures rely on construction materials that meet specific sustainability and performance standards, which propels a need for innovative solutions in the construction industry. According to environmental studies experts, nearly 40% of the greenhouse gases and wastes come from the construction industry. The building & construction industry is resource-intensive and consumes vast amount of energy. According to data published by the International Energy Agency (IEA), in 2022 energy demand in buildings increased by nearly 1% compared to 2021. Electricity consumption accounted for about 35% of energy use in buildings in 2022, up from 30% in 2010. There has been an increase in the demand for electric energy in residential and commercial buildings. Green buildings will reduce the consumption of conventional energy, causing a negligible impact on the natural environment of the project site. BIPV glass is an efficient solution to sustainability concerns, especially in commercial projects such as malls, institutions, manufacturing units, train stations, and airports where huge operating cost and energy utility is involved. BIPV glass generates clean energy for plants, factories, and office premises and enhances the aesthetics of the building by using it as a construction material. Major players operating in the construction industry pay high attention to Leadership in Energy and Environmental Design (LEED) ratings, green points, and sustainable buildings. BIPV glass boasts environmental performance and efficiency ratings in line with nearly zero-energy building (NZEB) standards, which means it helps meet various green building certifications such as Building Research Establishment Environmental Assessment Method (BREEAM) and Leadership in Energy and Environmental Design (LEED). Therefore, the rising demand for green buildings is expected to offer lucrative opportunities for the BIPV glass market during the forecast period.

On the contrary, high initial investment cost and less energy efficiency for BIPV system hampers the growth of South & Central America BIPV glass market.

Based on material, the South & Central America BIPV glass market is segmented into crystalline silicone, amorphous silicone, and others. The crystalline silicone segment held 76.5% share of South & Central America BIPV glass market share in 2023, amassing US$ 89.82 million. It is projected to garner US$ 246.77 million by 2031 to register 13.5% CAGR during 2023–2031.

In terms of glazing type, the South & Central America BIPV glass market is bifurcated into single module and double module. The double module segment held 58.2% share of South & Central America BIPV glass market in 2023, amassing US$ 68.31 million. It is anticipated to garner US$ 192.89 million by 2031 to expand at 13.9% CAGR during 2023–2031.

By component type, the South & Central America BIPV glass market is divided into BIPV glass roofs, BIPV glass facades, and others (windows and floors). The BIPV glass roofs segment held 65.0% share of South & Central America BIPV glass market in 2023, amassing US$ 76.29 million. It is projected to garner US$ 212.27 million by 2031 to expand at 13.6% CAGR from 2023 to 2031.

Based on end use, the South & Central America BIPV glass market is categorized into residential, commercial, industrial, and others. The commercial segment held 73.9% share of South & Central America BIPV glass market in 2023, amassing US$ 86.71 million. It is predicted to garner US$ 240.16 million by 2031 to expand at 13.6% CAGR between 2023 and 2031.

By country, the South & Central America BIPV glass market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 55.0% share of South & Central America BIPV glass market in 2023. It was assessed at US$ 64.60 million in 2023 and is likely to hit US$ 183.20 million by 2031, registering a CAGR of 13.9% during 2023–2031.

Key players operating in the South & Central America BIPV glass market are Koch Industries, Inc.; AGC Inc.; Nippon Sheet Glass Co., Ltd.; Vitro, S.A.B de C.V; and Onyx Solar Group LLC., among others.

In March-2023, Vitro X™ Innovation Partnerships will identify and develop inspired solutions to challenges in the glass industry and support future-focused companies in bringing innovative products and technologies to market. This strategic partnership program is focused on identifying and developing inspired solutions to existing and future challenges in the glass industry. In June-2022, Vitro Glass (formerly PPG Glass), the largest glass manufacturer in the Americas, joined VueReal, a leader in micro printing technology, to advance the interactivity and functionality of glass. In March-2021, Vitro Architectural Glass announced that it launched Solarvolt™ building-integrated photovoltaic (BIPV) glass modules, which combine the aesthetics and performance of Vitro Glass products with CO2-free power generation and protection from the elements for commercial buildings.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America BIPV glass market.
o Highlights key business priorities to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America BIPV glass market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America BIPV glass market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.2.1 Hypothesis Formulation:
3.2.2 Macro-Economic Factor Analysis:
3.2.3 Developing Base Number:
3.2.4 Data Triangulation:
3.2.5 Country Level Data:
3.3 Primary Research
4. BIPV Glass Market Landscape
4.1 Overview
4.2 PORTER’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 BIPV Glass Manufacturers
4.3.3 Original Equipment Manufacturers
4.3.4 Distributors/Suppliers
4.3.5 End-Use Industry
4.3.6 List of Vendors in the Value Chain
5. South & Central America BIPV Glass Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Commercial Construction Sector
5.1.2 Rising Popularity of Solar Energy
5.2 Market Restraints
5.2.1 High Initial Investment Cost and Less Energy Efficiency for BIPV System
5.3 Market Opportunities
5.3.1 Increasing Demand for Green Buildings
5.4 Future Trends
5.4.1 Rising Adoption Rate of Renewable Energy Solutions in Emerging Economies
5.4.2 Smart Building Integration
5.5 Impact of Drivers and Restraints:
6. BIPV Glass Market – South & Central America Analysis
6.1 Overview
6.2 BIPV Glass Market Revenue (US$ Million), 2021-2031
6.3 BIPV Glass Market Forecast Analysis
7. South & Central America BIPV Glass Market Analysis – by Material
7.1 Crystalline Silicone
7.1.1 Overview
7.1.2 Crystalline Silicone: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Amorphous Silicone
7.2.1 Overview
7.2.2 Amorphous Silicone: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
8. South & Central America BIPV Glass Market Analysis – by Glazing Type
8.1 Single Module
8.1.1 Overview
8.1.2 Single Module: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Double Module
8.2.1 Overview
8.2.2 Double Module: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
9. South & Central America BIPV Glass Market Analysis – by Component Type
9.1 BIPV Glass Roofs
9.1.1 Overview
9.1.2 BIPV Glass Roofs: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
9.2 BIPV Glass Facades
9.2.1 Overview
9.2.2 BIPV Glass Facades: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Others
9.3.1 Overview
9.3.2 Others: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
10. South & Central America BIPV Glass Market Analysis – by End Use
10.1 Residential
10.1.1 Overview
10.1.2 Residential: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
10.2 Commercial
10.2.1 Overview
10.2.2 Commercial: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Industrial
10.3.1 Overview
10.3.2 Industrial: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
10.4 Others
10.4.1 Overview
10.4.2 Others: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
11. South & Central America BIPV Glass Market – Country Analysis
11.1 South & Central America
11.1.1 South & Central America: BIPV Glass Market – Revenue and Forecast Analysis – by Country
11.1.1.1 South & Central America: BIPV Glass Market – Revenue and Forecast Analysis – by Country
11.1.1.2 Brazil: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.2.1 Brazil: BIPV Glass Market Breakdown, by Material
11.1.1.2.2 Brazil: BIPV Glass Market Breakdown, by Glazing Type
11.1.1.2.3 Brazil: BIPV Glass Market Breakdown, by Component Type
11.1.1.2.4 Brazil: BIPV Glass Market Breakdown, by End Use
11.1.1.3 Argentina: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.3.1 Argentina: BIPV Glass Market Breakdown, by Material
11.1.1.3.2 Argentina: BIPV Glass Market Breakdown, by Glazing Type
11.1.1.3.3 Argentina: BIPV Glass Market Breakdown, by Component Type
11.1.1.3.4 Argentina: BIPV Glass Market Breakdown, by End Use
11.1.1.4 Rest of South & Central America: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
11.1.1.4.1 Rest of South & Central America: BIPV Glass Market Breakdown, by Material
11.1.1.4.2 Rest of South & Central America: BIPV Glass Market Breakdown, by Glazing Type
11.1.1.4.3 Rest of South & Central America: BIPV Glass Market Breakdown, by Component Type
11.1.1.4.4 Rest of South & Central America: BIPV Glass Market Breakdown, by End Use
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product News & Company News
14. Company Profiles
14.1 Koch Industries, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 AGC Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Nippon Sheet Glass Co., Ltd.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Vitro, S.A.B de C.V
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Onyx Solar Group LLC.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
15. Appendix
15.1 About the Research Team

LIST OF TABLES

Table 1. BIPV Glass Market Segmentation
Table 2. List of Vendors
Table 3. BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 5. BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Glazing Type
Table 6. BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Component Type
Table 7. BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 8. South & Central America: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 9. Brazil: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 10. Brazil: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Glazing Type
Table 11. Brazil: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Component Type
Table 12. Brazil: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 13. Argentina: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 14. Argentina: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Glazing Type
Table 15. Argentina: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Component Type
Table 16. Argentina: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 17. Rest of South & Central America: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Material
Table 18. Rest of South & Central America: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Glazing Type
Table 19. Rest of South & Central America: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by Component Type
Table 20. Rest of South & Central America: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million) – by End Use

LIST OF FIGURES

Figure 1. BIPV Glass Market Segmentation, by Country
Figure 2. PORTER’s Five Forces Analysis
Figure 3. Ecosystem Analysis: BIPV Glass Market
Figure 4. BIPV Glass Market – Key Market Dynamics
Figure 5. Energy Demand by Sector, 2022
Figure 6. Impact Analysis of Drivers and Restraints
Figure 7. BIPV Glass Market Revenue (US$ Million), 2021-2031
Figure 8. BIPV Glass Market Share (%) – by Material (2023 and 2031)
Figure 9. Crystalline Silicone: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Amorphous Silicone: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Others: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. BIPV Glass Market Share (%) – by Glazing Type (2023 and 2031)
Figure 13. Single Module: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Double Module: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. BIPV Glass Market Share (%) – by Component Type (2023 and 2031)
Figure 16. BIPV Glass Roofs: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. BIPV Glass Facades: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Others: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. BIPV Glass Market Share (%) – by End Use (2023 and 2031)
Figure 20. Residential: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Commercial: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Industrial: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Others: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. South & Central America: BIPV Glass Market, By Key Country – Revenue 2023(US$ Million)
Figure 25. South & Central America: BIPV Glass Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 26. Brazil: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 27. Argentina: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 28. Rest of South & Central America: BIPV Glass Market – Revenue and Forecast to 2031 (US$ Million)
Figure 29. Heat Map Analysis by Key Players
Figure 30. Company Positioning & Concentration