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 , as per the latest market research report titled Global Building Integrated Photovoltaic Market (By Technology- Overview, Crystalline Silicon, Thin Film, and Others. By Application- Roofs, Walls, Glass, Façade, and Others. By End-Use- Residential, Commercial, and Industrial. By Geography-North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Global industry analysis, size, share, growth, trends, and forecast, 2020-2030.
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Building-integrated photovoltaic offers a sustainable and effective solution for the retrofitting structure exterior while providing an aesthetic appeal to the residential or other building. Increasing awareness for green building construction is boosting the significant growth of the building integrated photovoltaic market. However, the favorable government policies and guidelines for renewable installations everywhere are projected to strengthen the building integrated photovoltaic market in the forecast period of 2020-2030. Apart from that, the high investment for the renewable energy source instead of non-renewable, and awareness are the prime factor for market growth.
Moreover, the current pandemic of the COVID-19 effect on the Building Integrated Photovoltaic market. The growth rate graph changed slightly due to the pandemic situation. But it is expected that, after the pandemic of COVID-19, the market growth will reach a high position in the growth rate graph. Apart from that, the increasing building integrated photovoltaic centers across the world are anticipated to offer significant opportunities for market growth in the next forecast period of 2020 to 2030.
Geographically, The Building Integrated Photovoltaic Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
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:
By Technology Type
- Crystalline Silicon
- Thin Film
By Application Type
By End-Use Type
By Geography Type
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa