New York, Nov. 22, 2023 (GLOBE NEWSWIRE) — The global building-integrated photovoltaics market size is slated to expand at ~20% CAGR between 2023 and 2035. The market is poised to garner a revenue of USD 136 billion by the end of 2035, up from a revenue of ~USD 20 billion in the year 2022.The growth of the market is poised to expand on account of the growing demand for electricity. The pace of growth in the global consumption of energy is expected to exceed about 3% in 2022 and roughly 2% in 2023. This is significantly lower than the about 3% five-year pre-pandemic average. The projected rise in this percentage is approximately 4% by 2024. Hence, this is also increasing demand for building-integrated photovoltaics.
(GlobeNewsWire)