North America Building-integrated Photovoltaics Market Size & Outlook
North America building-integrated photovoltaics market, 2019-2030 (US$M)
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North America building-integrated photovoltaics market highlights
- The North America building-integrated photovoltaics market generated a revenue of USD 6,708.7 million in 2023.
- The market is expected to grow at a CAGR of 21.6% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 6,708.7 million |
| Market revenue in 2030 | USD 26,315.1 million |
| Growth rate | 21.6% (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, North America region accounted for 28.3% 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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North 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 69.35% in 2023. Horizon Databook has segmented the North America 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 building-integrated photovoltaics (BIPV) in the region is anticipated to grow on account of the rising adoption of aesthetically appealing solar energy-harnessing systems. In addition, the high disposable incomes of consumers in the region, primarily the U.S. and Canada, and the advances in the production technologies of BIPV solar panels are likely to lead to an increased demand for the product over the forecast period.
Furthermore, the market is also estimated to benefit from the rising awareness about the improving efficiency of BIPV solar panels. The market in North America is predicted to grow on account of the increasing adoption of integrated photovoltaics in industrial, commercial, and residential establishments.
The growing research and development of advanced solar cells and panels is expected to result in improved efficiency. This is likely to drive the market demand over the forecast period.
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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 North America building-integrated photovoltaics market , including forecasts for subscribers. This continent databook contains high-level insights into North America building-integrated photovoltaics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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North America building integrated photovoltaics market size, by country, 2019-2030 (US$M)
North America Building-integrated Photovoltaics Market Outlook Share, 2023 & 2030 (US$M)
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