Building-Integrated Photovoltaics Market Surges with 21% CAGR, Projected to Reach US$ 134.31 Billion (Computers - Information Technologies)
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Building-Integrated Photovoltaics Market Surges with 21% CAGR, Projected to Reach US$ 134.31 Billion | |
The building-integrated photovoltaics market is anticipated to expand at a 21% value CAGR between 2022 and 2032. This market is predicted to have grown significantly from its projected $16.5 billion global market size in 2021 to a total of $134.31 billion by 2032. Integrated with structure Since PV (photovoltaic) capacity is increasing quickly in many countries and demand for renewable energy is rising, the photovoltaics industry is predicted to grow dramatically. Among the countries that have voluntarily accepted the Kyoto Protocol, a plan to reduce greenhouse gas emissions, are Italy, Germany, France, the United States, China, Japan, and India. Important contributing factors include self-sufficiency, improved public understanding of energy security, and sound public policy. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-14884 Key Takeaways from the Market Study In 2021, the market was estimated to have a global valuation of US$ 16.5 Billion. In 2022, the market is estimated to have a global market size of US$ 19.97 Billion The building-integrated photovoltaics market in Europe occupied a market share of 37.68% in 2021. The crystalline silicon segment took over 72% of the global building-integrated photovoltaics market share. Nearly 62% of building-integrated photovoltaics sales to be for roof applications As of 2021, the industrial segment accounted for 40.5% of the global market. “With strict regulations towards the green building movement and the increasing demand from eco-conscious consumers, the demand for Building-integrated Photovoltaics is increasing globally at a rapid pace. This is also being supported by various government regulations to promote the use for enhanced sustainability and better energy efficiency. New technological development in this field is sure to open up new avenues for the manufacturers in the future,” Competitive Landscape As a way to gain more market penetration and meet the changing needs of architects and construction contractors, Building-integrated Photovoltaics manufacturers have developed multiple joint ventures, partnerships, agreements, and collaborations. In October 2021, Meyer Burger, a Swiss manufacturer of PV modules, began offering BIPV systems. Meyer Burger will offer rooftop solar power systems. In 2021, Onyx Solar, a Spanish producer of BIPV solar systems, installed approximately 3,250 crystalline solar modules on the facade of Sterling Bank’s Nigerian headquarters. In September 2021, China Southeast Space Frame Group (SSFG) and First PV formed a joint venture to install 950 MW of solar PV in China over the next five years. Key Players SolarWindow Technologies, Inc. Hanergy Mobile AGC Inc. Energy Holding Group Limited The Solaria Corporation Carmanah Technologies Corp. Heliatek GmbH, Greatcell BELECTRIC Tesla ertex solartechnik GmbH Request for Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14884 Key Segments Covered In The Building-Integrated Photovoltaics Market Report Building-integrated Photovoltaics Market by Technology: Thin Film Building-integrated Photovoltaics Crystalline Silicon Building-integrated Photovoltaics Other Building-integrated Photovoltaics Technology Building-integrated Photovoltaics Market by Application Type: Building-integrated Photovoltaics for Roofs Building-integrated Photovoltaics for Walls Building-integrated Photovoltaics for Façades Building-integrated Photovoltaics for Glass Building-integrated Photovoltaics for Other Applications Building-integrated Photovoltaics Market by End-User: Industrial Building-integrated Photovoltaics Residential Building-integrated Photovoltaics Commercial Building-integrated Photovoltaics Building-integrated Photovoltaics Market by Region: North American Building-integrated Photovoltaics Market Europe Building-integrated Photovoltaics Market Asia Pacific Building-integrated Photovoltaics Market Middle East & African Building-integrated Photovoltaics Market Latin America Building-integrated Photovoltaics Market | |
| Target State: All States Target City : All Cities Last Update : May 24, 2024 10:52 AM Number of Views: 70 | Item Owner : Sudip Saha is the managing director and co-founder at Future Market Insights Contact Email: (None) Contact Phone: (None) |
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2024-09-07 (0.406 sec)