The building integrated photovoltaics market in North America reached a value of roughly 2.9 billion U.S. dollars in 2022. This figure is expected to increase with a compound annual growth rate (CAGR) of 16.7 percent in the next years, amounting to over 12 billion U.S. dollars by 2032.
Building integrated photovoltaics are materials that perform traditional functions in buildings and generate electricity from the sun. They can replace traditional construction materials such as roofs, facades, and skylights. This multifunctionality offers great potential for the implementation of solar PV in buildings.
Market value of building integrated photovoltaics in North America from 2018 to 2022, with a forecast to 2032
(in million U.S. dollars)
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Market value in million U.S. dollars
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Inkwood Research. (May 17, 2023). Market value of building integrated photovoltaics in North America from 2018 to 2022, with a forecast to 2032 (in million U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1386367/building-integrated-photovoltaic-market-value-north-america/
Inkwood Research. "Market value of building integrated photovoltaics in North America from 2018 to 2022, with a forecast to 2032 (in million U.S. dollars)." Chart. May 17, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1386367/building-integrated-photovoltaic-market-value-north-america/
Inkwood Research. (2023). Market value of building integrated photovoltaics in North America from 2018 to 2022, with a forecast to 2032 (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1386367/building-integrated-photovoltaic-market-value-north-america/
Inkwood Research. "Market Value of Building Integrated Photovoltaics in North America from 2018 to 2022, with a Forecast to 2032 (in Million U.S. Dollars)." Statista, Statista Inc., 17 May 2023, https://www.statista.com/statistics/1386367/building-integrated-photovoltaic-market-value-north-america/
Inkwood Research, Market value of building integrated photovoltaics in North America from 2018 to 2022, with a forecast to 2032 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1386367/building-integrated-photovoltaic-market-value-north-america/ (last visited July 22, 2024)
Market value of building integrated photovoltaics in North America from 2018 to 2022, with a forecast to 2032 (in million U.S. dollars) [Graph], Inkwood Research, May 17, 2023. [Online]. Available: https://www.statista.com/statistics/1386367/building-integrated-photovoltaic-market-value-north-america/