Building-integrated Photovoltaics Market Segmentation:
Technology Segment Analysis
Crystalline silicon segment is set to dominate the building-integrated photovoltaics market share by the end of 2035. The segment growth is augmented by their integration into building roofs with the use of smart mounting systems, which replace roof sections while maintaining the structural integrity of the building. It is predicted that by 2025, about 57% of homes in the U.S. will have a smart home device. Additionally, this kind of integration offers great efficiency without requiring major investments. Using crystalline silicon cells in place of roof tiles is another integration option.
Application Segment Analysis
Roof segment is estimated to hold more than 61.1% building-integrated photovoltaics market share by 2035, attributed to availability of a larger panel installation area for BIPV. This optimization of space is designed for building owners and developers who aim to increase energy production while reducing adverse environmental impacts. Roof-mounted BIPV systems are increasingly adopted in residential, commercial, and industrial buildings worldwide. For instance, according to a 2023 report from the Solar Energy Industries Association, the U.S. installed 7 GW of residential solar in 2023.
End User Segment Analysis
The commercial segment is set to register massive CAGR in the building-integrated photovoltaics market till 2035. Commercial end-users may align their operational goals with sustainability objectives, understand cost savings, improve property values, and establish themselves as leaders in corporate responsibility and sustainability by making smart investments in green infrastructure. A 2023 report published by the Private Infrastructure Advisory Facility (PPIAF) program, housed and managed by the World Bank Group, stated that private investments globally in green infrastructure are increasing and accounted for 60% of their total private investment in 2021.
Our in-depth analysis of the global market includes the following segments:
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