Value of the building integrated photovoltaics market in Europe 2018-2032

The building integrated photovoltaics market in Europe reached a value of roughly 4.1 billion U.S. dollars in 2022. This figure is expected to increase with a compound annual growth rate (CAGR) of almost 16.7 percent in the next years, amounting to over 18 billion U.S. dollars by 2032. The global market value of building integrated photovoltaics stood at approximately 48.7 billion U.S. dollars in 2022

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.