Boston, June 13, 2025 (GLOBE NEWSWIRE) — According to the latest study from BCC Research, the “Building-Integrated Photovoltaics (BIPV): Technologies and Global Markets” is projected to increase from $17.1 billion in 2024 to $42.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 19.7% from 2024 through 2029.
The report on the global market for Building-Integrated Photovoltaics (BIPV) provides a comprehensive analysis of market trends, segmented by technology, application, end user, and geographic region. It focuses on commercially deployed BIPV projects and includes new constructions and renovation projects, excluding design-phase and utility-scale power grid projects. The report also examines trends, challenges, ESG developments, patents, and emerging technologies, while profiling major market players and analyzing the competitive landscape.
This report is particularly relevant today due to the significant growth of the BIPV market, driven by increasing global energy demands, rising environmental concerns, and supportive government initiatives promoting renewable energy. It highlights the growing demand for solar PV and the government policies and incentives driving BIPV adoption in the building sector. Additionally, the focus on reducing carbon footprints and the rising demand for solar energy and solar cells underscore the report’s current importance.
The factors driving the market’s growth include:
Demand for Solar Energy: The demand for solar energy is rising due to environmental concerns, technological advances, and government incentives. People and businesses are turning to solar power to reduce their environmental impact, and improvements in solar technology have made it more accessible and affordable.
Carbon Footprint Reduction: Reducing carbon footprints is a major driver of BIPV adoption. Solar energy systems generate electricity without emitting greenhouse gases, helping to combat climate change. Many organizations and countries are integrating solar technology into buildings to meet sustainability goals and enhance their eco-friendly image.
Rising Energy Demand: Global energy demand is increasing due to population growth, economic development, and the electrification of transport. More people and industries require more energy, and the shift to EVs further boosts energy consumption. BIPV technologies offer a sustainable solution to meet these rising energy needs.
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Report Synopsis
| Report Metric | Details |
| Base year considered | 2023 |
| Forecast period considered | 2024-2029 |