The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing demand for zero-energy buildings are expected to drive innovation in building-integrated photovoltaics manufacturing, thus driving the market during the forecast period.

The global building-integrated photovoltaics market is expected to grow from $13.18 billion in 2022 to $16.75 billion in 2023 at a compound annual growth rate (CAGR) of 27.1%. The building-integrated photovoltaics market size is expected to grow to $40.2 billion in 2027 at a CAGR of 24.5%.

Get A Free Sample On The Global Building-Integrated Photovoltaics Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5922&type=smp

Global Building-Integrated Photovoltaics Market Segments Include:

• By Product Type: Polyscrystaline, Thin-Film, Other Product Types
• By Application: Roof, Facade, Glass, Other Applications
• By End-User: Residential, Commercial, Industrial
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global building-integrated photovoltaics market in 2021.

Major Market Players in the building-integrated photovoltaics market include First Solar Inc., Sharp Corporation, Yingli Solar, Solar Frontier, SunPower Corporation, Hanwha Solar, Renewable Energy Corporation (REC).

The introduction of new production facilities has emerged as a major trend gaining popularity in the building-integrated photovoltaics market. Major manufacturers operating in the building-integrated photovoltaics sector are focused on introducing new production facilities to meet the growing demand. For instance, in July 2021, Mitrex, a Canada-based solar technology producer of building-integrated photovoltaics (BIPV), has officially opened its new production facilities in Toronto, Ontario. The new facility, which is fully operational, will be the world’s largest structure to date to incorporate Mitrex’s proprietary solar technology, which includes solar cladding, windows, and railings. The new manufacturing facility features a fully automated production line as well as a custom-built 3D outside wall of the company’s cladding technology that spans 100,000 square feet. The first-of-its-kind facility will help Mitrex cement its position as a significant player in the North American and global markets, owing to its R&D activities, production capabilities, and extended supply chain capacity.

The Building-Integrated Photovoltaics Global Market Report 2023  provides a building-integrated photovoltaics market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The building-integrated photovoltaics market forecast analyzes building-integrated photovoltaics market size, building-integrated photovoltaics market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The building-integrated photovoltaics refer to solar energy generating products that are perfectly integrated into the building envelope and are a part of building components such as facades, roofs, and windows. Building-integrated photovoltaics (BIPV) serve two main purposes; they act as the building structure’s exterior layer while also generating power for on-site usage or export to the grid. This system can save money on materials and electricity, reduce pollution, and increase the architectural appeal of a building. BIPV systems are often introduced between the development phase of a building or deployed during a rebuild of an existing building when one of the wrap components is important to get replaced.

Explore Similar Reports From The Business Research Company:

Building Insulation Materials Global Market Report 2023

Building Thermal Insulation Global Market Report 2023

Integrated Geophysical Services Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: