Middle East & Africa Building-integrated Photovoltaics Market Size & Outlook
Middle East & Africa building-integrated photovoltaics market, 2018-2030 (US$M)
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MEA building-integrated photovoltaics market highlights
- The MEA building-integrated photovoltaics market generated a revenue of USD 772.6 million in 2023.
- The market is expected to grow at a CAGR of 16% 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.
MEA data book summary
| Market revenue in 2023 | USD 772.6 million |
| Market revenue in 2030 | USD 2,187.3 million |
| Growth rate | 16% (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, MEA region accounted for 3.3% 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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Middle East & Africa 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 57.58% in 2023. Horizon Databook has segmented the Middle East & Africa building-integrated photovoltaics market based on c-si, thin film covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for BIPV in the MEA region is projected to rise on account of the burgeoning building & construction industry and high adoption of renewable energy sources. The market is estimated to expand on account of increasing affinity of consumers and major companies toward adopting BIPVs to reduce their dependence on non-renewable energy sources.
The introduction of BIPV in buildings is likely to emerge as a major trend in the region, facilitated by government intervention. The BIPV market is poised for growth on account of the significant presence of high-income consumers in the region. The lack of notable companies in the region is also likely to act as a significant restraint for the market over the forecast period.
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Target buyers of Middle East & Africa 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa building-integrated photovoltaics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa building-integrated photovoltaics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA building-integrated photovoltaics market size, by country, 2018-2030 (US$M)
Middle East & Africa Building-integrated Photovoltaics Market Outlook Share, 2023 & 2030 (US$M)
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