Building Integrated Photovoltaics (BIPV) Market Is Expected To Reach 1,152.3 MW (annual installations) Globally By 2019: Transparency Market Research
ALBANY, New York, April 25, 2014 /PRNewswire/ --
Transparency Market Research has released a new market report titled "Building Integrated Photovoltaics (BIPV) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," that defines and segments the global BIPV market with analysis and forecast of the global volume in terms of annual installations and revenues. This report observes that the annual installations of BIPV were 343.1 MW in 2012 and expected to reach 1,152.3 MW by 2019, growing at a CAGR of 18.7% from 2013 to 2019.
Browse the full report at Building Integrated Photovoltaics (BIPV) Market Report with Full TOC at http://www.transparencymarketresearch.com/building-integrated-photovoltaics-market.html
Key product segments analyzed in this study include rooftop, curtain wall and BIPV window. Rooftop was the largest segment and accounted for about 67% of the market share in 2012. Curtain wall is witnessing increased demand owing to growing applications for commercial purpose and expected to be the fastest growing product segment. Due to development in BIPV products such as transparent, insulated and colored BIPV, BIPV window is likely to become one of the prominent product segments.
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. Thin film segment is expected to grow at a CAGR of 19.1% between 2013 & 2019 and likely to become fastest growing segment. Other technologies such as OPV and DSC are expected to show healthy growth rates over coming few years.
Key end-user segments analyzed in this report include commercial, residential and industrial. Commercial end-user was the major segment that accounted for more than 67% of the total BIPV end-user market. Residential and industrial were the niche segments but expected to show healthy growth over the forecast period.
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. North America accounted 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.
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Some of the key players including First Solar Inc., Ascent Solar Technologies Inc, Pythagoras Solar Ltd, Sapa Solar and Centrosolar AG dominated the BIPV market, which accounted for more than 40% of the market share in 2012. Other companies such as Dyesol, Power Film Inc., Suntech Holding LLC, United Solar Ovonic LLCand others are some of the other important players in the BIPV market.
BIPV Market: Product Analysis
- Curtain wall
- BIPV windows
BIPV Market: Technology Analysis
- Thin film
- Other (DSC & OPV)
BIPV Market: End-user Analysis
Browse Building Integrated Photovoltaics (BIPV) Market Report with Full TOC at http://www.transparencymarketresearch.com/building-integrated-photovoltaics-market.html
BIPV Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)
Browse Energy Market Research Reports @ http://www.transparencymarketresearch.com/energy-market-reports-3.html
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