Building-integrated Photovoltaics Market expected to expand at a compound annual growth rate (CAGR) of 20.5% from 2022 to 2030

Building-integrated Photovoltaics Industry Overview

The global building-integrated photovoltaics market size was valued at USD 16.62 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.5% from 2022 to 2030. 

The rapid expansion of the solar photovoltaic (PV) installation capacities of different countries, coupled with increasing demand for renewable energy sources, is expected to drive the growth of the market across the world. Increased awareness for energy security and self-sufficiency and favorable government legislations, coupled with the unilateral obligation of countries such as Germany, Italy, France, the U.K., the U.S., China, Japan, and India to the Kyoto Protocol, designated to reduce greenhouse gas (GHG) emissions, are also expected to promote the growth of the market in the coming years.

Gather more insights about the market drivers, restrains and growth of the Global Building-integrated Photovoltaics Market

The presence of a consumer base with high disposable income levels and the increasing affinity toward integrated installations in residential and commercial buildings in the country are anticipated to boost the demand for the product over the forecast period. In addition, the growing innovation in the domain is projected to increase the operational efficiency of the product, translating into market growth. The BIPV market in the U.S. is likely to be driven by the growing demand for alternate sources of energy. The demand for building-integrated photovoltaics is likely to be fueled by the high need for integrated roof systems in commercial and industrial establishments. Improvements in the manufacturing technology of thin-film BIPV modules and the rising efficiency of the product are expected to drive the market over the forecast period.

The government of France offers the highest feed-in tariff (FiTs) for electricity generated through photovoltaic components, which are essentially integrated into buildings. Capacity generated by photovoltaics integrated into building envelopes accounts for a substantial share of the overall accumulated, installed capacity generated by photovoltaics in the country. The country offers high subsidies and benefits pertaining to the use of building-integrated photovoltaics in a bid to encourage such installations in the country.

Browse through Grand View Research's Distribution & Utilities Industry Research Reports

  • LPG Tanker Market: The global LPG tanker market size was valued at USD 182.02 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030.
  • Axial Flow Pump Market: The global axial flow pump market size was valued at USD 32.23 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2020 to 2027.

Building-integrated Photovoltaics Market Segmentation

Grand View Research has segmented the global building-integrated photovoltaics market on the basis of technology, application, end use, and region:

  • Building-integrated Photovoltaics Technology Outlook (Revenue, USD Million, 2016 - 2028)
    • Crystalline silicon
    • Thin film
    • Others
  • Building-integrated Photovoltaics Application Outlook (Revenue, USD Million, 2016 - 2028)
    • Roofs
    • Walls
    • Glass
    • Facade
    • Others
  • Building-integrated Photovoltaics End-use Outlook (Revenue, USD Million, 2016 - 2028)
    • Residential
    • Industrial
    • Commercial
  • Building-integrated Photovoltaics Regional Outlook (Revenue, USD Million, 2016 - 2028)
  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa (MEA)

Market Share Insights

  • June 2020: European researchers from the Interdisciplinary Research Institute of Grenoble have developed solar PV panels in variable colors that can self-adjust to the intensity of light and the temperature level of buildings with glass exteriors and large windows.

 

Key Companies profiled:

Some prominent players in the global building-integrated photovoltaics market include:

  • AGC Solar
  • Belectric
  • Heliatek GmbH
  • Carmanah Technologies Corp.
  • Dyesol Ltd. (Greatcell Solar Ltd.)
  • Ertex solartechnik GmbH
  • ISSOL SA
  • Canadian Solar Inc.
  • Onyx Solar Energy S.L.
  • Tesla Inc.

 

Order a free sample PDF of the Building-integrated Photovoltaics Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 


 

Comments

Post a Comment

Popular posts from this blog

Global Potash Market: Trends, Growth & Forecast 2023-2032

T he global  potash market  size is expected to reach USD 93.50 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032, according to a new study by Grand View Research, Inc. This is attributed to the increasing demand for food and efficient usage of agricultural land. As consumers seek healthier options, there has been a surge in demand for high-value crops like fruits, vegetables, and specialty crops, boosting the demand for potash. Furthermore, the adoption of precision agriculture techniques has become increasingly prevalent in recent years. Precision agriculture involves using advanced technologies and data-driven approaches, such as soil testing and targeted nutrient management, to make informed decisions about fertilizer application.   Farmers are embracing precise and site-specific methods for applying fertilizers, based on field variability and crop requirements. This trend makes way for optimized resource utilization, improved crop performance, and enhanced...
Read more

Smart Ticketing Market Report: Emerging Technologies & Market Opportunities

  The global smart ticketing market size is expected to reach USD 31.65 billion by 2030, growing at a CAGR of 15.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. With the widespread adoption of smartphones, mobile ticketing channels have gained traction, allowing users to purchase, store, and validate tickets directly on their mobile devices, eliminating the need for physical cards or paper tickets. The convenience and ease of use offered by mobile ticketing have contributed to the growth of the market. Smart ticketing systems generate vast amounts of data on passenger journeys, travel patterns, and ticket usage.   Operators leverage this data to gain valuable insights, optimize operations, and improve the overall passenger experience. Data analytics techniques, such as predictive modeling and real-time monitoring, are being applied to enhance efficiency, manage capacity, and offer personalized services, which bode well for smart ticketing...
Read more

Boosting Crop Yields: India Foliar Fertilizer Market Trends & Forecasts

  The  India foliar fertilizer market  size is expected to reach USD 4.9 billion by 2030, expanding at a CAGR of 11.3% during the forecast period, as per a new report by Grand View Research, Inc. The industry growth is majorly driven by surged demand for food due to increasing population coupled with supportive government initiatives and decreasing arable land in the country.   There has been a significant increase in the global prices of fertilizers and foliar fertilizers. As such, farmers falling into small- and marginal-income categories cannot afford to buy fertilizers resulting in reduced agricultural yields. This has led the Government of India to take initiatives to provide fertilizer subsidies to farmers in the country to make them affordable at subsidized prices. For instance, the Government of India announced a subsidy scheme related to fertilizers worth USD 27 billion in 2022 to ensure that fertilizers are affordable for every farmer in the country. Thus, ...
Read more