Canada Building-integrated Photovoltaics Market Size & Outlook
Canada building-integrated photovoltaics market, 2019-2030 (US$M)
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Canada building-integrated photovoltaics market highlights
- The Canada building-integrated photovoltaics market generated a revenue of USD 1,818.9 million in 2023 and is expected to reach USD 6,636.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 20.3% 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.
Building-integrated photovoltaics market data book summary
| Market revenue in 2023 | USD 1,818.9 million |
| Market revenue in 2030 | USD 6,636.4 million |
| Growth rate | 20.3% (CAGR from 2023 to 2030) |
| Largest segment | C-si |
| Fastest growing segment | Thin Film |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 7.7% of the global building-integrated photovoltaics market in 2023.
- Country-wise, Germany is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. building-integrated photovoltaics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 14,754.5 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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Canada 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 67.99% in 2023. Horizon Databook has segmented the Canada building-integrated photovoltaics market based on c-si, thin film covering the revenue growth of each sub-segment from 2019 to 2030.
The demand for BIPV in the economy is expected to grow on account of the rising consumer awareness coupled with the product’s superior performance. In addition, the market is likely to be driven by the increasing adoption of the product in residential and commercial establishments.
Carmanah Technologies Corporation received a contract to install the country’s one of the largest building-integrated photovoltaic system in August 2017. The increasing number of these installations by major companies in the country is projected to drive the market over the forecast period.
Building-integrated photovoltaics (BIPV) in the country is anticipated to grow owing to the rising adoption of aesthetically appealing solar energy-harnessing systems. For instance, in March 2022, a Canadian BIPV manufacturer, Mitrex, is building one of Ontario’s largest building-integrated vertical photovoltaic wall in Toronto.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada building-integrated photovoltaics market , including forecasts for subscribers. This country databook contains high-level insights into Canada building-integrated photovoltaics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada building integrated photovoltaics market size, by technology, 2019-2030 (US$M)
Canada Building-integrated Photovoltaics Market Outlook Share, 2023 & 2030 (US$M)
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