Global Building Integrated Photovoltaic (BIVP) Market Projected To Surge To US$ 88.6 Billion By The End Of 2032

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According to latest research by Fact.MR, building integrated photovoltaic market is set to witness steady growth during 2021-2031. Business is mainly driven by North America accounting for more than 25.4% value share by 2031. Substantial shift towards sustainable sources of energy such as solar power and the rising demand from the construction and electronics industries will aid the photovoltaic demand soar during the forecast period.

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Key Segments of Building Integrated Photovoltaic Industry Research

  • BIVP Market by Technology :

    • Crystalline Silicon
      • Multicrytalline Silicon
      • Monocrystalline Silicon
    • Thin Films
      • Dye-sensitized Solar Cells
      • Copper Indium Gallium Selenide
      • Organic Photovoltaic
      • Amorphous Silicon
      • Cadmium Telluride
    • Others
  • BIVP Market by Application :

    • Roofs
    • Walls
    • Glass
    • Facades
    • Others
  • BIVP Market by End Use :

    • Residential
    • Commercial
    • Industrial
  • BIVP Market by Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

Competitive Landscape

Building integrated photovoltaic manufacturers are focusing on launching new and innovative products to maximize their sales potential and gain a competitive edge over other market players in the global landscape.

  • In April 2022, Risen Energy, a China-based solar module manufacturer, announced the launch of its new BIPV products. The new lineup is claimed to be more environment-friendly and has an improved energy generation performance than the previous lineup.