- June 30, 2014
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The Building Integrated Photovoltaics (BIPV) market continues to grow in volume with a recent Transparency Market Research report forecasting the market to reach 1,152.3 MW (annual installations) globally by 2019. Building Integrated Photovoltaics (BIPV) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019, which notes Dyesol as an important industry player, observes that annual installations of BIPV are growing at a CAGR of 18.7% from 2013 to 2019 from a base of 343.1 MW in 2012.BIPV
Analysing the key produce segments of rooftop, curtain wall and BIPV window, the research shows that rooftop is still the largest BIPV segment and accounted for about 67% of the global market share in 2012. However, due to continuous development in BIPV products such as transparent, insulated and coloured BIPV, the BIPV window segment is likely to become one of the most prominent products by 2019. At the same time, curtain wall is witnessing increased demand owing to growing applications for commercial purpose and is expected to be the fastest growing product segment over the next five years.
DSC and OPV technologies are expected to show healthy growth rates over the coming years. C-Si technology witnessed substantial demand in 2012 and accounted for over 60% 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. Commercial end-users account for more than 67% of the total BIPV end-user market with residential and industrial users expected to show healthy growth over the forecast period while still niche segments.
Europe dominated global BIPV market in 2012. With over 41% global market share in terms of annual installations, Europe is one of the leading market shareholders in BIPV with North America accounting for about 27% of the total volume share in 2012.
Global BIPV market witnessed significant growth during the recent past years owing to growing environmental regulations and rising carbon footprints worldwide. Asia Pacific is a lucrative market for commercial development and expansions and is expected to show the healthy growth numbers over the forecast period.
Original source: Dyesol newsletter