Albany, NY -- (SBWIRE) -- 05/26/2015 -- With the growing population and ever increasing need of power generation to satisfy the needs of this population, it has become extremely important to look out for alternative sources of energy. BIPV roofing is emerging as the best alternative energy source and hence, the future of this market seems to be extremely bright. Building integrated photovoltaic (BIPV) makes up an important part of photovoltaic market. Global BPIV market is expected to undergo annual growth rate of about 56% and reach the capacity of 11,392 megawatts over the year 2015. Building integrated photovoltaic roofing is the fastest growing segment of this market and it is expected to reach the capacity of 3197 megawatts over the year 2015 with the compounded annual growth rate of 51% during the forecasted period. BPIV market is experiencing new credibility as a result of well publicized and growing involvement of new market players in the industry.

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Building integrated photovoltaic are the photovoltaic materials used instead of conventional building materials in construction of roofs, skylights, or facades. BIPV is becoming increasingly popular and largely incorporated in buildings as a source of electric power. It is offering advantages like compensation of initial cost by reducing the amount spent on building materials and labor required for construction of building. Such advantages are contributing to the growth of BIPV industry.

Market Segmentation

Based on Application
Industrial Buildings
Residential Buildings
Commercial Buildings
Based in Product
Roofing
Glazing
Shading
Cladding
Wall Integrated Solution
Glass
Facades
Windows
Based on Technology

Crystalline Silicon
Monocrystalline Silicon
Multicrystalline Silicon
Thin Film Technology
Amorphous Silicon
Copper Indium Gallium Selenide (CIGS)
Cadmium Telluride (CdTe)
Dye Sensitized Solar Cells (DSSCs)
Organic Photovoltaic (OPV)

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