Mexico Building-integrated Photovoltaics Market Size & Outlook
Mexico building-integrated photovoltaics market, 2019-2030 (US$M)
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Mexico building-integrated photovoltaics market highlights
- The Mexico building-integrated photovoltaics market generated a revenue of USD 1,487.9 million in 2023 and is expected to reach USD 4,924.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 18.6% 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 1,487.9 million |
| Market revenue in 2030 | USD 4,924.2 million |
| Growth rate | 18.6% (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, Mexico accounted for 6.3% 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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Mexico 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 71.82% in 2023. Horizon Databook has segmented the Mexico building-integrated photovoltaics market based on c-si, thin film covering the revenue growth of each sub-segment from 2019 to 2030.
Mexico is anticipated to witness significant growth primarily due to substantial increase in the adoption of solar photovoltaics technology in the country. Growing consumer awareness pertaining to the benefits of PV model in the off-grid application coupled with improved aesthetics of BIPV is expected to drive growth.
Mexico witnessed phenomenal increase in solar PV installations across various industries in recent years. This rapid increase was primarily due to Foreign Direct Investments (FDI) by the multilateral development banks around the globe. As a result, these opportunities provide lucrative opportunities for the international players to launch their BIPV facade products into the untapped Mexican market, thus promoting growth.
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Target buyers of Mexico 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 country-level data and insights on the Mexico building-integrated photovoltaics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico building-integrated photovoltaics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico building integrated photovoltaics market size, by technology, 2019-2030 (US$M)
Mexico Building-integrated Photovoltaics Market Outlook Share, 2023 & 2030 (US$M)
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