North America Building Integrated Photovoltaics Market Forecast 2023-2032 KEY FINDINGS
The North America building integrated photovoltaics market is estimated to progress with a CAGR of 16.66% over the forecast years of 2023-2032. The market growth of the region is facilitated by high investments in the solar industry, the increasing support from governments by means of financial incentives as well as benefits for the development of green infrastructure, the rise in commercial spaces, and the swift growth of the construction sector.
MARKET INSIGHTS
The United States and Canada are studied for the growth analysis of the North America building integrated photovoltaics market. The demand for building integrated photovoltaics in new homes as well as commercial and institutional structures in Canada, has followed the same route as the United States market. Moreover, the highest concentrations of construction activity in Canada are in Toronto, Vancouver, Montreal, Calgary, and Edmonton. Thin-film technologies like CIGS are gaining more traction in the country’s market owing to the physics of experiencing half a year with low light, in addition to the economics that improves CIGS efficiencies.
On the other hand, the Canadian photovoltaics (PV) sector is concentrated in Ontario, with the region marked by highly appealing Feed-in Tariffs (FITs) for solar power. Although Canada’s market is modest in terms of capacity and revenue, the combined federal and provincial FIT incentives have encouraged a PV surge in the region. Therefore, the abovementioned factors are anticipated to play an essential role in influencing the North America building integrated photovoltaics market growth during the projection period.
COMPETITIVE INSIGHTS
Key firms operating in the market include Trina Solar, SunPower Corporation, Tesla Inc, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook