Building Integrated Photovoltaics Market Size to Surpass US$ 46.4 Billion by 2027 | IMARC Group

According to the latest report by IMARC Group "Building Integrated Photovoltaics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global building integrated photovoltaics market size reached US$ 16.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 46.4 Billion by 2027, exhibiting a growth rate (CAGR) of 19.85% during 2022-2027.

Building-integrated photovoltaics (BIPVs) refer to dual-purpose materials used in building roofs, skylights, and facades. Also known as solar panels, BIPVs serve as the outer layer of a structure and generate electricity for on-site use and exporting to the grid. In recent years, BIPVs have gained traction as they help reduce the incremental cost of PV systems and eliminate the costs and design issues for separate mounting systems by integrating them in the initial construction phase. Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Building Integrated Photovoltaics Market Trends:

The global building integrated photovoltaics market is primarily driven by the increasing environmental awareness toward the various benefits offered by BIPVs. These systems provide savings in material and electricity costs, as well as help reduce pollution. They enhance the architectural appeal of the building, as they can be employed to camouflage unattractive and degraded building exteriors. Governments of different nations are adopting initiatives to promote energy conservation and implement BIPVs in housing, commercial, and industrial infrastructures. In addition to this, there have been several technological advancements, such as the introduction of automated BIPVs components. Furthermore, the integration of solar energy solutions for energy conservation is providing a positive impact on the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global building integrated photovoltaics market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, application and end use.

Breakup by Product Type

Polycrystalline
Thin Film
Other

Breakup by Application

Roof
Facades
Glass
Other

Breakup by End Use

Commercial
Residential
Industrial

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Ankara Solar AS
Ertex Solartechnik GmbH
Hanergy Holding Group Ltd
Hermans Techniglaz
ISSOL sa
Navitas Green Solutions Pvt. Ltd
NanoPV Solar Inc.
Polysolar
Sphelar Power Corporation
VIASOLIS,etc.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/building-integrated-photovoltaics-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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