![Building-integrated Photovoltaics Facade Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIG20B2042
Report ID:
UCMIG20B2042 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2018, the global market for building-integrated photovoltaics (BIPV) facades reached a significant value of USD 818.2 million. This market segment is projected to experience a steady growth trajectory, with a compound annual growth rate (CAGR) of 25.3% throughout the forecast period. BIPV facades, which seamlessly integrate solar panels into building structures, are gaining popularity due to their dual functionality of generating clean energy and providing architectural aesthetics. The increasing global focus on sustainable construction practices and renewable energy sources is expected to drive the demand for BIPV facades in the coming years. With the market's robust growth rate, it presents promising opportunities for businesses operating in the BIPV sector.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Building Products by segment aggregation, the contribution of the Building Products in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20B2042