Building Integrated Photovoltaics Expected to Grow at 18.7 Percent to 2019

Building Integrated Photovoltaics Expected to Grow at 18.7 Percent to 2019

ALBANY, N.Y. — Annual installations of building integrated photovoltaics (BIPV) were 343.1 MW in 2012 and are expected to reach 1,152.3 MW by 2019, growing at a compound annual growth rate (CAGR) of 18.7 percent from 2013 to 2019, according to a new report from Transparency Market Research.

 

 

 

 

Key product segments analyzed in this study include rooftop, curtain wall, and BIPV window. Rooftop was the largest segment and accounted for about 67 percent of the market share in 2012. Curtain wall is seeing increased demand due to growing commercial applications and is expected to be the fastest growing product segment. Due to development in BIPV products such as transparent, insulated, and colored BIPV, BIPV window is likely to become one of the prominent product segments.

 

Crystalline silicon (c-Si) PV technology witnessed substantial demand in 2012 and accounted for over 60 percent of the market share. Supported by low cost, this segment is expected to dominate the technology-based demand in the next few years until 2019. The thin film segment is expected to grow at a CAGR of 19.1 percent between 2013 and 2019 and is likely to become the fastest growing segment. Other technologies such as organic PV (OPV) and dye sensitized cell (DSC) PV are expected to show healthy growth rates over the coming few years.

 

Key end-user segments analyzed in this report include commercial, residential, and industrial. Commercial was the major segment that accounted for more than 67 percent of the total BIPV market. Residential and industrial were niche segments but are expected to show healthy growth over the forecast period.

 

Europe dominated the global BIPV market in 2012. With over 41 percent global market share in terms of annual installations, Europe is one of the leading market share holders in BIPV. North America accounted for about 27 percent of the total volume share in 2012. Asia Pacific is a lucrative market for commercial development and expansion and is expected to show healthy growth over the forecast period.

 

 

 

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