Albany, NY -- (SBWIRE) -- 09/25/2017 -- A market study on the global building integrated photovoltaics (BIPV) market has been published by Transparency Market Research (TMR). According to it, the total capacity of BIPVs installed in 2012 was 343.1MW. Expanding at an estimated CAGR of 18.70% during the period from 2013 to 2019, this figure is likely to reach a total of 1,152.3MW by the end of the forecast period.The research report, titled "Building Integrated Photovoltaics (BIPV) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", states that the increasing shift towards energy generation from renewable resources has fueled the global BIPV market to a great extent.
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The global market for building integrated photovoltaics has been analyzed on four fronts in this report: Product type, technology, end user, and its regional distribution. Rooftop, curtain wall, and BIPV windows are the key products available in the global BIPV market.The rooftop BIPV segment registered the fastest growth and held a share of approximately 67% in the overall BIPV product market in 2012. On the other hand, the curtain wall BIPV and the BIPV windows segments are expected to post a remarkable rise on account of the increasing demand during the forecast period, states the market study.BIPV market is segmented based on end-user applications such as commercial, residential and industrial. New norms and regulations regarding the use of renewable energy and subsidies over solar energy are together driving the growth of commercial end-use segment for BIPV market.
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By technology, the global BIPV market has been classified into the thin film, C-Si, and other technologies such as OPV and DSC. The cost efficiency of C-Si technology has triggered its popularity among customers extensively. Owing to its low cost, this technology has accounted for a share of more than 60% in the overall market in 2012.The report anticipates this segment to maintain its dominance in the coming years. However, the thin film segment is estimated to emerge as the fastest growing segment, reporting a CAGR of 19.10% during the forecast period.
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The residential, commercial, and industrial sectors are the key end users of BIPV across the world. The commercial sector emerged as the biggest consumer of BIPV in 2012, holding more than 67% of the overall demand for BIPV. However, the rising awareness about the environmental benefits offered by photovoltaics is likely to increase the demand for BIPV in the commercial as well as residential sectors in the near future, states the study.Regionally, the report segments the global BIPV market into North America, Asia Pacific, Europe, and the Rest of the World. Of these, Europe has emerged as the leading regional BIPV market. In 2012, it acquired a share of more than 41% in the overall market. The high rate of the installation of BIPV has ensured the dominance of Europe in the global market throughout the forecast period, says the report.
North America during the same time has emerged as the second-largest BIPV market in the global arena. It occupied a share of approximately 27% in the worldwide market in 2012. Analysts at TMR expect it to exhibit substantial growth in the coming years. They also project Asia Pacific to maintain a healthy growth rate during the forecast period.The major participants in the worldwide BIPV market are Pythagoras Solar, Power Film Inc., Heliatek GmbH, Ecotemis, ertex solartechnik GmbH, CENTROSOLAR Group AG, Ascent Solar Technologies Inc., Sapa Soar, Sharp Solar, Onyx Solar Group LLC, First Solar Inc, states the research report.
Global Building Integrated Photovoltaics (BIPV) Market Report is available at US$ 5795 -