BIPV is a photovoltaic technology that is integrated in the building structures primarily during construction. It is fairly less detrimental to the environment and generates electricity at lower cost than conventional power generating plants. BIPV integration curtails the overall construction cost by a substantial amount. Integration of BIPV products commonly includes rooftop, curtain wall and BIPV window. Zero energy building policy, strictly practiced in the U.S. and European countries, has been achieved effectively through the assistance of BIPV products. These BIPV have seen a great amount of growth in recent years in various construction activities.
Due to their high efficiencies and lower costs as compared to other technologies, first generation technologies such as C-Si technology are experiencing great demand from construction industry. Silicon forms one of the primary raw materials utilized in manufacturing C-Si BIPV modules. Evolution of second and third generation BIPV technologies coupled with abundant availability of silicon in the nature has led to significant drop in the C-Si BIPV module prices. Lower raw material cost makes C-Si technology less expensive than others. Hence, the demand for C-Si technology is expected to boom over coming few years. Second generation technologies are having higher efficiencies as compare to first generation technologies and it include thin film technologies. Amount of flexibility and ease in integration offered by the thin film technology are likely to attract more consumers hence, driving the growth of thin film technology segment. Third generation technologies such as OPV and DSC are still under the development phase. Knowing the potential of this segment the companies such as Dyesol are focusing continuously on the third generation technologies.
BIPV market is segmented based on end-user applications such as commercial, residential and industrial. New norms and regulations regarding the use of renewable energy and subsidies over solar energy are together driving the growth of commercial end-use segment for BIPV market. Laws such as Renewable Energy Law 2006 in China are driving the growth of renewable energy in commercial sector. Hence, commercial segment is anticipated to maintain the highest share to the BIPV end-user market by annual installations in 2019. Growing Asian population and initiatives by governments are creating new opportunities for BIPV in residential sector. However, industrial end-use is expected to grow at slower rate as compare to others.
Strict regulatory policies, FIT rates, accompanied by retrofitting and financial incentive schemes in Europe have propelled the product demand. Eastern European countries are dominating the BIPV market. However, western European countries, Asia Pacific and RoW are expected to become emerging regions for BIPV market. The North American region is witnessing peak energy demands while, peak shaving activity is becoming popular. Peak shaving is the process to reduce the amount of energy purchased during peak hour (noon to 6:00 p.m.). BIPV products are expected to supply energy in peak hours for commercial and residential end-uses.
First Solar Inc., Ascent Solar Technologies Inc, Pythagoras Solar Ltd, Sapa Solar and Centrosolar AG are expected to dominate the BIPV market. These companies accounted for more than 40% of the global market share in terms of revenue in 2012. However, upsurge of third generation technology coupled with innovative structures (walkable BIPV) are paving way for BIPV market.
The growing need for alternative power solutions in commercial and residential buildings has boosted the demand for solar energy. As a result of this, the deployment of building integrated photovoltaic (BIPV) systems has also increased in industrial, commercial, and residential complexes. Building integrated photovoltaic systems retrieve electrical energy from solar radiation by utilizing building integrated solar panels.
The burgeoning need for electricity and the unmet requirements of the industrial sector has impelled them to opt for alternative sources of energy. Building integrated photovoltaic systems are potential and feasible solutions for meeting the energy requirements of new structures. The building integrated photovoltaics market is segmented on the basis of product type, end user, technology, and regions.
Based on technology, C-Si technology dominated the global building integrated photovoltaics market owing to the cost efficiency of the technology. As a result of this, the C-Si technology segment accounted a share of over 60% in 2012. The thin film segment emerged as the leading segment in terms of growth and is expected to rise at a 19.10% CAGR from 2013 to 2019. On the basis of end user, the commercial sector dominated the global building integrated photovoltaics market in 2012 in terms of consumption. The growing awareness regarding the environmental benefits of building integrated photovoltaic system is anticipated to intensify their deployment in the residential as well the commercial sectors in the forthcoming years.
The report provides an analysis of the prime factors driving or restraining the market growth of building integrated photovoltaics. It further has evaluated the key components at play in the building integrated photovoltaics market both in the regional and global level. The study further projects the volume and revenue growth of the global building integrated photovoltaics market along with the growth trajectory and prospects for future development. The report also presents a clear picture of the market by answering questions pertaining to the trends in the market and providing information about the strategies and products of the key players and the degree of competition in the market.
Global Building Integrated Photovoltaic (BIPV) Market Overview
The growth of the global building photovoltaic market can be attributed to the rising need for reducing carbon footprint coupled with increasing environmental awareness. Furthermore, the growing number of government incentives and subsidies regarding power generation from solar energy sources is also expected to push the market towards strong growth. A shifting focus to generate electricity from renewable resources coupled with feasible feed in tariff rates and low cost electricity generation are factors that are anticipated to propel the demand for solar energy thus intensifying the growth of the global building integrated photovoltaics market.
However, the cost of building integrated photovoltaics system is considerably high as compared to the cost of the conventional substitutes used in the construction sector. As a result of this, many small and middle scale industries are refraining from the use of BIPV systems. Even companies operating in the residential and commercial buildings construction segment are looking for potential substitutes of BIPV systems. To combat this negative factor, companies are investing in research and development projects to minimize the operational as well as the initial cost of BIPV systems.
Region wise, Europe emerged as the leading region with a share of 41% in the global BIPV market in 2012. Europe was closely followed by North America with a share of 27% in 2012. The report states that Asia Pacific is expected to maintain steady growth over the forthcoming years owing to the growth of the construction sector in the region.
Companies Mentioned in the Report
The report discusses the leading companies in the global BIPV market along with their revenue earnings and market shares. The key players in the global BIPV market are First Solar Inc., Onyx Solar Group LLC, Sharp Solar, Sapa Soar, Ascent Solar Technologies, Inc., and Pythagoras Solar among others.
The global building integrated photovoltaics market is segmented into:
- Curtain wall
- BIPV windows
- Thin film
- Other (DSC & OPV)
By End User
- North America
- Asia Pacific
- Rest of the World (RoW)
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments