The Global Building Integrated Photovoltaic Market was $11.30 Bn in 2020, and it is expected to reach $89.10 Bn by 2030. It is eventually growing at a commendable high compound of annual growth rate CAGR of 22.9% between 2020-2030. Building-integrated photovoltaic provide an effective, sustainable solution for retrofitting structure exterior while providing aesthetic appeal to the residential or public building. High investment in renewable energy is the prime factor for the growth of this market. In addition to increasing, awareness or demand for the green structure are boosting the market growth in the forecast period. Moreover, in the current pandemic of COVID-19 might make a slight difference in the growth rate in the current year. Now, moving forward, the robust demand for Global Building Integrated Photovoltaic Market in the construction department is further estimated to create new necessities and augment the market of growth over the forecast period of 2020-2030.
Global Building Integrated Photovoltaic Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global Building-Integrated Photovoltaic market is segmented as technology, application, and end-use. By technology, the global building Building-Integrated photovoltaic market is divided into Overview, Crystalline Silicon, Thin Film, and Others. By building integrated photovoltaic market is bifurcated as Roofs, Walls, Glass, Façade, and Others. By end-use, the global Building Integrated Photovoltaic market is segmented Residential, Commercial, and Industrial.
By Region, Asia Pacific is Holding the Major Market Share
The global Building Integrated Photovoltaic Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, Asia Pacific has a significant share among those regions. The increasing demand for green buildings, high investment in the construction department, availability of the material, and other factors are boosting the growth of the market. Apart from that, Europe and North America are also expected to increase the market during the forecast period because of the rising demand from the U.K., Germany, France, and others.
Major Players in Global Building Integrated Photovoltaic Market
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include AGC Solar, Belectric, Heliatek GmbH, Carmanah Technologies Corp., Dyesol Ltd. (Greatcell Solar Ltd.), Hanergy Holding Group Ltd., Ertex solartechnik GmbH, ISSOL SA, Canadian Solar Inc., Onyx Solar Energy S.L., Tesla Inc., NanoPV Solar Inc., Solaria Corp., BIPVco Ltd., and Solaxess among others.
The Global Building Integrated Photovoltaic Market Has Been Segmented into:
Global Building Integrated Photovoltaic Market: By Technology
Global Building Integrated Photovoltaic Market: By Application
Global Building Integrated Photovoltaic Market: By End-Use
Global Building Integrated Photovoltaic Market: By Region
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