Latin America Building-integrated Photovoltaics Market Size & Outlook
Latin America building-integrated photovoltaics market, 2019-2030 (US$M)
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Latin America building-integrated photovoltaics market highlights
- The Latin America building-integrated photovoltaics market generated a revenue of USD 1,514.2 million in 2023.
- The market is expected to grow at a CAGR of 17.2% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,514.2 million |
| Market revenue in 2030 | USD 4,607.8 million |
| Growth rate | 17.2% (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, Latin America region accounted for 6.4% 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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Latin America 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 68.44% in 2023. Horizon Databook has segmented the Latin America 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 the BIPV is projected to register growth on account of the rising adoption of the product in the region. The burgeoning building & construction industry in the region is estimated to drive the market over the forecast period.
In addition, the demand for BIPV systems in the region is predicted to increase due to their application in the industrial and commercial sectors. Furthermore, the market in CSA, primarily in Brazil and Argentina, witnesses’ high potential due to the increased installation of solar energy-harnessing systems.
The demand for solar energy generation systems in the region is expected to remain limited due to the high growth of alternative building-attached photovoltaics. In addition, the market is likely to benefit from the efforts of the Brazilian and Argentinian governments to improve the region’s electricity generation infrastructure.
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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 continent-level data and insights on the Latin America building-integrated photovoltaics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America building-integrated photovoltaics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America building integrated photovoltaics market size, by country, 2019-2030 (US$M)
Latin America Building-integrated Photovoltaics Market Outlook Share, 2023 & 2030 (US$M)
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