Overview of the Global Building Integrated Photovoltaics Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Global Building Integrated Photovoltaics Market By Product Type (Roofing Products, Covering & Shading Elements, Glass products, Vertical Products), By Technology (Silicon-based, (Crystalline Silicon (C-Si), Amorphous Silicon (A-Si), Multi-crystalline Silicon (mc-Si) , Pseudo-crystalline Silicon (pc-Si)), Thin Film , (Copper Indium Gallium Diselenide Solar Cells, Cadmium Telluride Thin-Film Solar Cells)), Others)), By Application (Roof, Walls & Facade, Glass, Others), By End User (Residential, Commercial, (Offices, Retail, Others), Hospitality, Industrial, Government, Agrivoltaics, Others (Educational Institutes, etc.))), By Demand Type (New Installation, Retrofitting), and Others, The Global Building Integrated Photovoltaics Market size is valued at USD 20.80 billion in 2023 & is expected to reach around USD 90 billion in 2030. The market is estimated to grow at a CAGR of around 19.64% during the forecast period, i.e., 2025-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Global Building Integrated Photovoltaics Market Growth and Scope:
Base Year: 2024
Forecast Period: 2025-30
Historical Data: 2020-23
CAGR (2025-2030): 19.64%
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Global Building Integrated Photovoltaics Market Opportunity:
Increasing Implementation of Corporate Sustainability Goals – In recent years, organizations & enterprises across the globe have become more conscious about their carbon footprint. As a result, they are increasingly signing corporate sustainability goals to minimize the environmental impact of their organization on the environment. More than 65% of the total companies across the globe are implementing these CGS programs & initiatives as per the survey by Futurum Group. Thus, businesses are increasingly embracing sustainable practices and integrating their buildings with products, like photovoltaic solutions to attain their goals.
Additionally, the organizations are allocating substantial funds to incorporate these products within the buildings. Based on the Honeywell Environmental Sustainable Index, around 80% of enterprises across the globe are planning to increase their budgets to purchase advanced photovoltaic & other products that would help to achieve CSG goals. Hence, this would make the products accessible to both small-scale & large-scale organizations, further amplifying the Building Integrated Photovoltaics Market in forecast years.
A Comprehensive Analysis of Leading Companies of Building Integrated Photovoltaics Market by MarkNtel Advisors:
- AGC Glass
- Canadian Solar
- Heliatek GmbH
- BIPVco Limited
- Yingli Solar Co.
- Hanergy Holding Group Ltd.
- Kyocera Corporation
- Ascent Solar Technologies
- Sharp Corporation
- Schott AG
- Solaria Corporation
- Hanwha Group
- Sunpower Corporation
- United Solar Ovonic Corp
- First Solar Inc.
- Others
Key Building Integrated Photovoltaics Market Segmentation:
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-By Technology
- Silicon-based'
- Thin Film
- Others
Silicon-based technology holds a prominent market share in the Building Integrated Photovoltaics market. Silicon is non-toxic, i.e., it is safe for both humans & environment.
-By End User
- Residential
- Commercial
- Hospitality
- Industrial
- Government
- Agrivoltaics
- Others (Educational Institutes, etc.)
Industrial holds a dominant market share in the Building Integrated Photovoltaics Market. Industries rely heavily on electricity to conduct their daily operations adequately, owing to which the power utility bills in these industry verticals are substantially higher.
-By Product Type
- Roofing Products- Market Size & Forecast 2020-2030, USD Million
- Covering & Shading Elements- Market Size & Forecast 2020-2030, USD Million
- Glass products- Market Size & Forecast 2020-2030, USD Million
- Vertical Products- Market Size & Forecast 2020-2030, USD Million
-By Application
- Roof- Market Size & Forecast 2020-2030, USD Million
- Walls & Facade- Market Size & Forecast 2020-2030, USD Million
- Glass- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
-By Demand Type
- New Installation- Market Size & Forecast 2020-2030, USD Million
- Retrofitting- Market Size & Forecast 2020-2030, USD Million
Geographical Analysis
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Asia-Pacific holds a noteworthy share in the Building Integrated Photovoltaics Market. The availability of an inexpensive labor force in Asia-Pacific countries, like India, China, etc.,
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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