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Building Integrated Photovoltaics (BIPV) Market to Grow at 18.7% CAGR Owing to Rising Awareness About Carbon Emissions : Transparency Market Research

Building Integrated Photovoltaics Market : Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

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Albany, NY -- (ReleaseWire) -- 04/16/2015 -- Transparency Market Research has published a new report titled, "Building Integrated Photovoltaics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019", according to which, the annual installations of BIPV is anticipated to reach 1,152.3MW by the end of 2019. It was registered at 343.1MW in the year 2012. The industry is expected to register a CAGR of 18.7% between 2013 and 2019. The report covers exhaustive details pertaining to the overall performance registered by the industry over the forecast period.

Browse the full Building Integrated Photovoltaics (BIPV) Market report

The report has segmented the global building integrated photovoltaics market in terms of product types, technology, end-user applications, and geography. On the basis of product type, the market has been segmented into curtain wall, rooftop, and BIPV windows. According to the findings of the report, rooftop accounted for approximately 67% of the market share in 2012 to emerge as the fastest-growing segment. Considerable increase in demand for curtain wall has been noted in the last couple of years as well. The growing applications of curtain wall across the commercial sector are expected to boost the overall demand for the product segment. Innovation of BIPV products such as insulated, colored, and transparent BIPV window will catapult the product segment in the market forefront through the forecast period, as observed by the report.

In terms of technology, the global market for building integrated photovoltaics can be categorized into C-Si technology, thin film, and other technologies including OPV & DSC. C-Si accounted for more than 60% of the total share of the market in 2012. This exponential increase in demand was fueled by low cost associated with the adoption of technology. As per the forecasts included in the report, the successful run of C-Si will remain uninhibited even during the forecast period. However, thin film is expected to register the fastest growth at a CAGR of 19.1% between 2013 and 2019.

On the basis of key end users, the report has segmented the global market for building integrated photovoltaics into the broad categories of industrial, commercial, and residential. The commercial end-user segment dominated the market in 2012, accounting for more than 67% of the overall BIPV market share. However, other niche segments such as residential and industrial categories are likely to grow at a healthy rate during the forecast period.

Browse the full Building Integrated Photovoltaics (BIPV) Market Press Release report

In 2012, the global market for BIPV was dominated by Europe, with 41% share of the global market on the basis of annual installations, followed by North America. North America accounted for approximately 27% of the global market share in 2012. Rise in demand for BIPV in recent years is driven by increasing environmental regulations adopted by economies worldwide to curb the effects of carbon footprints. Rapid industrialization and economic expansion in countries across Asia Pacific will create significant opportunities for the global BIPV market.

The global BIPV market is fragmented by nature, with a number of players competing against each other to acquire the major share of the market. In 2012, the global BIPV market was dominated by Ascent Solar Technologies Inc, First Solar Inc., Centrosolar AG, Sapa Solar, and Pythagoras Solar Ltd, with 40% of the market share. Other key players in market include Power Film Inc., United Solar Ovonic LLC, Suntech Holding LLC, and Dyesol

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About Transparency Market Research
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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