Global Building Integrated Photovoltaics Installations to Reach 1,152.3 MW by 2019: TMR

Transparency Market Research Building Integrated Photovoltaics (BIPV) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Published Date 2014-04-25

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Global Building Integrated Photovoltaics Installations to Reach 1,152.3 MW by 2019: TMR

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global building integrated photovoltaics market

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ALBANY, New York, October 29, 2014 – In a recent report, Transparency Market Research states that the global building integrated photovoltaics market is projected to grow at an 18.7% CAGR from 2013 to 2019. The report, ‘Building Integrated Photovoltaics (BIPV) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019’ also states that in terms of annual building integrated photovoltaics installations, the number stood at 343.1 MW in 2012 and this is expected to reach 1,152.3 MW in 2019.

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On the basis of technology, the building integrated photovoltaics market can be segmented into thin film, C-Si, and others such as OPV and DSC. Building integrated photovoltaics are used in three key areas: residential, commercial, and industrial. In terms of products, the building integrated photovoltaics market is segmented into curtain wall, rooftop, and building integrated photovoltaics windows. The four main regions that fall under the global building integrated photovoltaics market are North America, Europe, AsiaPacific, and Rest of the World.

Accounting for more than 41% of the global building integrated photovoltaics market share, Europe dominated the scene in terms of installations. With 27% of the industry share, North America was the second largest regional segment of the building integrated photovoltaics market. Asia-Pacific, on the other hand, is projected to witness significant growth in the coming years owing to rapid commercial development.

In terms of building integrated photovoltaics products, rooftop was the largest segment accounting for more than 67% of the total share in 2012. Owing to increased commercial applications, curtain wall is anticipated to be the fastest-growing product segment of the building integrated photovoltaics market from 2013 to 2019. However, building integrated photovoltaics windows are witnessing increasing developments in terms of product portfolio such as insulated, transparent, and coloured, as a result of which, this segment is expected to grow considerably during the forecast period.

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global building integrated photovoltaics market

Low cost and increased demand has enabled the C-Si technology segment to dominate the global building integrated photovoltaics market, accounting for more than 60% of the overall industry share. Growing at a CAGR of 19.1% between 2013 and 2019, thin film technology is projected to be the fastest-growing segment of the building integrated photovoltaics market.

In terms of end users, while the commercial segment dominated the market with 67% of the overall demand for building integrated photovoltaics, the industrial and residential user segments are also estimated to register considerable growth in the next few years.

Increasing efforts to reduce carbon footprint, government incentive schemes, low-cost electricity generation, favourable Feed in Tariff rates, and shift towards use of renewable sources of energy for the production of electricity are some of the key forces driving the global building integrated photovoltaics market. On the hand, high cost of building integrated photovoltaics construction is expected to hamper the growth of the market.

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The global building integrated photovoltaics market is a consolidated one, with the top five companies accounting for over 40% of the overall industry share. The leading companies dealing with building integrated photovoltaics include Sapa Soar, First Solar Inc., Power Film, Inc., Onyx Solar Group LLC, Ascent Solar Technologies Inc., Ertex Solartechnik GmbH, Pythagoras Solar, Ecotemis, Heliatek GmbH, CENTROSOLAR Group AG, and Sharp Solar.

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