Asia Pacific Building-integrated Photovoltaics Market Size & Outlook
Asia Pacific building-integrated photovoltaics market, 2019-2030 (US$M)
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Asia Pacific building-integrated photovoltaics market highlights
- The Asia Pacific building-integrated photovoltaics market generated a revenue of USD 5,882.6 million in 2023.
- The market is expected to grow at a CAGR of 22.2% from 2024 to 2030.
- In terms of segment, c-si was the largest revenue generating technology in 2023.
- Thin Film is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 5,882.6 million |
| Market revenue in 2030 | USD 23,910.6 million |
| Growth rate | 22.2% (CAGR from 2023 to 2030) |
| Largest segment | C-si |
| Fastest growing segment | Thin Film |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | C-Si, Thin Film |
| Key market players worldwide | AGC Inc, Nippon Steel Corp, Solaria Energia y Medio Ambiente SA, Eltek Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.9% of the global building-integrated photovoltaics market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 23,910.6 million by 2030.
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Building-integrated Photovoltaics Market Scope
Building-integrated Photovoltaics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific building-integrated photovoltaics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to building-integrated photovoltaics market will help companies and investors design strategic landscapes.
C-si was the largest segment with a revenue share of 72.42% in 2023. Horizon Databook has segmented the Asia Pacific building-integrated photovoltaics market based on c-si, thin film covering the revenue growth of each sub-segment from 2019 to 2030.
The market for building-integrated photovoltaics in the region is predicted to be driven by the growing consumer awareness about commercial and industrial applications of these installations. In addition, the demand for the product is anticipated to remain high in economies such as China and Japan owing to the increasing efforts by governments to adopt these solutions.
Consumers in the region exhibit a high demand for renewable energy sources in order to reduce the impact of non-renewable energy sources on the environment. Companies in the region exhibit high levels of sensitivity toward prices and are striving to reduce the installation cost of BIPV products.
The increasing demand for solar energy-harnessing systems in the region is anticipated to drive the market over the forecast period. In addition, the market is projected to be driven by the growing demand for these installations in the commercial and industrial sectors.
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Target buyers of Asia Pacific building-integrated photovoltaics market databook
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Our clientele includes a mix of building-integrated photovoltaics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific building-integrated photovoltaics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific building-integrated photovoltaics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific building integrated photovoltaics market size, by country, 2019-2030 (US$M)
Asia Pacific Building-integrated Photovoltaics Market Outlook Share, 2023 & 2030 (US$M)
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