Technavio's latest market report on Building Integrated Photovoltaics (BIPV) highlights a significant rise in demand for BIPV systems, particularly in commercial buildings. The global BIPV market is expected to grow by USD 36.17 billion between 2023 and 2028, recording a compound annual growth rate (CAGR) of 21.25%. With electricity costs continuing to climb, businesses are increasingly adopting BIPV systems to cut down on operational expenses. BIPV technology enables buildings to generate electricity by incorporating solar photovoltaic materials directly into the building envelope, such as facades and rooftops. In addition to providing clean energy, these systems reduce reliance on traditional power grids, which helps businesses lower energy costs and minimize carbon emissions. The commercial sector’s growing awareness of energy efficiency and sustainability is fueling the demand for BIPV solutions. Moreover, the increasing availability of government incentives supporting renewable energy adoption further accelerates market growth.

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