Zion Market Research Global BIPV Glass Market, 2016–2024 | Page 3

BIPV Glass Market
Global BIPV Glass Market: Growth Factors
Increasing awareness about the reduction of carbon footprint is positively impacting the
growth of the global BIPV glass market. People are moving towards electricity generation
through renewable and conventional sources at lower cost, this, in turn, is expected the
boost the global market in near future. The construction sector accommodates the largest
market share in the global BIPV glass market. BIPV modules are extensively used in the
construction of commercial buildings, educational, corporate, residential buildings, hospitals,
retail outlets, and hotels, which drivers the demand for BIPV glass in the market. Rising
investments in the architectural segment are also anticipated to propel the growth of the
global market.
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Global BIPV Glass Market: Regional Analysis
Asia Pacific accommodated for the highest market share in BIPV glass market owing to
higher investments in the construction sector. Increasing disposal income and changing
lifestyle are anticipated to further boost the growth of the global market. North America is the
second highest regional segment due to changing demand of buyers for more attractive
construction, which is expected to fuel the market in the near future. Moreover, the U.S.
holds for the largest market chunk in the BIPV glass market. Exponential growth in Europe
for zero-net energy buildings is positively impacting the global market growth. The
government initiatives in North America are anticipated to foster the BIPV glass market in
the coming years.