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.
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.
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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.
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.
The global
building integrated photovoltaics market is segmented into:
By Product
- Rooftop
- Curtain wall
- BIPV windows
By Technology
- C-Si
- Thin film
- Other (DSC & OPV)
By End User
- Commercial
- Residential
- Industrial
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
About Us
Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use
proprietary data sources and various tools and techniques to gather
and analyze information.
TMR’s data
repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
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