BIPV worth $7.5 billion in 2015

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Analysts at NanoMarkets say today’s $2.1 billion BIPV market will expand, with 63% of the higher figure accounted for from new builds and with Europe as the largest market.

The Building-Integrated Photovoltaics Markets 2012 report, which contains eight-year forecasts, examines three different segments of the BIPV market: glass, walling and roofing, which incorporate 12 main types of product.

The report forecasts that BIPV glass will be worth $4.2 billion by 2015, although the majority of that figure will be in the form of expensive architectural glass underlying the photovoltaic layer, with only $375 million represented by monolithically-integrated photovoltaics and building fabric functionalities.

Predicted trends in smart coatings, self-dimming and self-cleaning smart windows, CIGS and the use of transparent conductors are also examined.

NanoMarkets believes BIPV roofing will undergo a fourfold increase to be worth $2.5 billion by 2015, with 60% of that figure representing fully-integrated shingles and tiles, thus reducing the 80% of today’s market represented by roofing overlay.

The analysts further expect the new walling market to be worth around $830 million in three years’ time, even if 62% of that figure will come from existing technologies adapted for walling uses.

The walling section of the report examines innovations like solar wall lights and solar paint, and predicts Germany, Japan and California will represent most of the global market. The walling segment considers the technology’s use in commercial, high-rise residential and prestige buildings, the percentages of new-build and retrofit projects and also includes the use of building-attached photovoltaics (BAPV).

The entire report is broken down into building type, region and materials used.