The global building-integrated photovoltaics market size is expected to reach USD 89.8 billion by 2030, registering a CAGR of 21.2% during the forecast period, according to a new report by Grand View Research, Inc. 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. The rising consumer awareness coupled with the product’s superior performance over the last decade has primarily driven the market for building-integrated photovoltaics (BIPV).

The crystalline silicon segment led the market in 2023 and had a market share of 70.9%. The crystalline silicon segment was the dominant segment in 2023 which is attributed to the high strength of crystalline silicon BIPV coupled with superior resistance to adverse weather conditions. This segment is driven by declining prices of crystalline silicon cells, which is expected to lower the installation cost in the coming years.

Favorable government legislations, coupled with the unilateral obligation of countries such as Germany, Italy, France, the UK, 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 Building-Integrated Photovoltaics Market

Building-integrated Photovoltaics Market Report Highlights

• Roof installations segment accounted for 66.69% of revenue share in the overall market. The demand for building integrated roofs is expected to increase over the forecast period due to the development of superior products.

• The residential segment led the market with the largest revenue share of 34.7% in 2023. Owing to increasing awareness regarding the use of renewable sources of energy for electricity generation among consumers.

• As of 2023, Europe accounted for about 37.1% revenue share in the overall market. Countries like Germany and Italy are increasingly emphasizing the use of solar energy, which is expected to translate into higher adoption of BIPV, thus promoting industry growth over the forecast period.

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• The global distributed natural gas fueled generation market size was valued at USD 102.59 billion in 2023 and is projected to grow at a CAGR of 6.7% from 2024 to 2030.

• The global generator sets market size was valued at USD 34.2 billion in 2024 and is projected to progress at a CAGR of 9.3% from 2025 to 2030. 

Building-integrated Photovoltaics Market Segmentation

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

Building-integrated Photovoltaics Technology Outlook (Volume, Thousand sq m, Capacity, MW, Revenue, USD Million, 2018 - 2030)

• Crystalline Silicon

• Thin Film

• Others

Building-integrated Photovoltaics Application Outlook (Volume, Thousand sq m; Capacity, MW; Revenue, USD Million, 2018 - 2030)

• Roof

• Glass

• Wall

• façade

• Others

Building-integrated Photovoltaics End-use Outlook (Volume, Thousand sq m; Capacity, MW; Revenue, USD Million, 2018 - 2030)

• Industrial

• Commercial

• Residential

• Utility

Building-integrated Photovoltaics Regional Outlook (Volume, Thousand sq m; Capacity, MW; Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Eastern Europe

o Russia

o Poland

o Hungary

o Western & Central Europe

o Germany

o Netherlands

o France

o Austria

o Switzerland

o Belgium

o Western & Central Europe

o UK

o Denmark

o Norway

o Sweden

o Southern Europe

o Spain

o Portugal

o Italy

o Greece

o Croatia

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

o Malaysia

o Singapore

o Thailand

o Vietnam

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o Saudi Arabia

o UAE

o South Africa

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