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The global building integrated photovoltaics market was valued at US$ 16.2 Billion in 2021.
We expect the global building integrated photovoltaics market to exhibit a CAGR of 19.85% during 2022-2027.
The rising consumer awareness towards ecological benefits of building integrated photovoltaics, including onsite power generation, zero emissions, reduce labor and installation costs, etc., is primarily driving the global building integrated photovoltaics market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous manufacturing units for building integrated photovoltaics components.
Based on the product type, the global building integrated photovoltaics market can be segmented into polycrystalline, thin film, and others. Currently, polycrystalline holds the majority of the total market share.
Based on the application, the global building integrated photovoltaics market has been divided into roof, facades, glass, and others. Among these, roof currently exhibits a clear dominance in the market.
Based on the end use, the global building integrated photovoltaics market can be categorized into commercial, residential, and industrial. Currently, the commercial sector accounts for the largest market share.
On a regional level, the market has been classified into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America, where Europe currently dominates the global market.
Some of the major players in the global building integrated photovoltaics market include Ankara Solar AS, Ertex Solartechnik GmbH, Hanergy Holding Group Ltd., HermansTechniglaz, ISSOL sa, Navitas Green Solutions Pvt. Ltd., NanoPV Solar Inc., Polysolar Ltd., Sphelar Power Corporation, VIASOLIS, etc.
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