Glen Allen, Virginia: Industry analyst firm NanoMarkets has just published a new report titled, Building Integrated Photovoltaics Markets, 2011 that continues the firm’s coverage of the BIPV space. The firm says that the BIPV products market will surpass $11 billion (USD) in revenues in 2016 up from over $2 billion (USD) in 2011. BIPV capacity installed will experience a ten-fold increase over the same period growing from 343 MW in 2011 to over 3.6 GW in 2016. The report also notes that the BIPV sector is enjoying new credibility due to the well-publicized and growing involvement of Dow Chemical in this space. Additional details about the new report can be found at www.nanomarkets.net.
Findings from the report:
The building products industry continues to face challenges in construction starts and new builds while the solar industry is facing a reduction in the subsidies that have been crucial to the industry’s fortunes. The BIPV market offers both sets of suppliers a way of developing new revenue opportunities. Solar cell companies partnering with building products companies gain access to new markets, while building products companies can address new opportunities in green buildings and lucrative retrofitting of existing homes and commercial locations.
Product-wise, the market is maturing with “2nd-Generation BIPV” offerings designed specifically for easy integration with buildings. BIPV glass will generate over $6.4 billion (USD) in revenue in 2016 vs $1.17 billion in 2011, tiles and floating panels that will create nearly $3 billion vs $691 million in 2011, and flexible BIPV products will create slightly over $1.9 billion vs $153 million in 2011.
Crystalline silicon (c-si) will continue to hold a large share of the market for the coming decade but thin-film photovoltaic (TFPV) manufacturers have reason to be very excited about what BIPV will provide. In particular, several CIGS-based BIPV products have recently passed regulatory code tests and are moving through traditional distribution channels this year. The report states that amorphous silicon (a-si) will surpass a billion dollars in BIPV revenue mark in 2014 with CIGS following in 2015 and cadmium telluride achieving that in 2017.
About the report:
This new report tracks and quantifies the latest developments in the BIPV sector, showing, for example, how collaborations between the PV and construction industries are creating new “2nd-Generation BIPV” products that add value to buildings and represent new revenue streams. This report also discusses how BIPV may benefit from today’s regulatory climate. Since BIPV allows the costs of the building fabric and photovoltaic system to be shared over the same infrastructure, NanoMarkets sees the BIPV market as having an increasingly attractive business case, even if subsidies for PV are reduced. Thus BIPV may be an important step towards PV becoming a substantial industry that may eventually be self-sustaining without government subsidies. The coverage of the report includes the residential and commercial/industrial sectors; new construction and retrofits. We consider the sizes of the various BIPV markets, the roles and strategies of important firms in the industry, and the various PV technologies as they relate to BIPV. In total the report provides a thorough guide to the revenue-generating opportunities for BIPV over the next eight years.
NanoMarkets tracks and analyzes emerging market opportunities in energy and electronics markets created by developments in advanced materials. The firm has published several reports on photovoltaics related topics including studies of the OPV, DSC, CIGS, TFPV materials and BIPV markets. Visit http://www.nanomarkets.net for a full listing of NanoMarkets' reports.
NanoMarkets provides market research and industry analysis of opportunities within advanced materials and emerging energy and electronics markets