BIPV sector to reach 1.15 GW by 2019, says report


Key product advances in the building integrated photovoltaics (BIPV) sector will help the industry reach 1.15 GW of installed global capacity by 2019, according to a recent report from Transparency Market Research.

The analysts' Building Integrated Photovoltaics (BIPV) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019 report found that in 2012, 343.1 MW of BIPV capacity was added worldwide, and forecasts a compound annual growth rate (CAGR) of 18.7% until 2019.

The BIPV sector has been driven in recent years by key product segments, chiefly rooftop, curtain wall and BIPV window installations. In 2012, rooftop BIPV applications accounted for 67% of the market, with the use of curtain wall technologies growing rapidly thanks to BIPV’s emergence in the commercial sector. In fact, Transparency Market Research expect curtain wall to be the sector's fastest-growing product segment between now and 2019.

Improvements in transparent, insulated and colored BIPV window products over the next few years will also help this segment grow, buoyed by advances in organic photovoltaics (OPV). Equally, C-Si technology received substantial demand in 2012, accounting for more than 60% of the market share, while the thin film segment is forecast to enjoy a CAGR of 19.1% by 2019, say the analysts.

In terms of geographical spread, Europe is the market leader for BIPV, accounting for 41% of annual installations in 2012, ahead of North America on 27%. The analysts believe that ever- more stringent environmental regulations in Europe’s building sector have helped boost the industry, which was driven in 2012 by the commercial sector – 67% of all BIPV installations that year were for commercial end-users.

Projected growth for the BIPV sector in the potentially lucrative Asia Pacific market is expected to be anchored in the commercial sector, with residential and industrial installations likely to remain niche, bit-part players in BIPV for a few years yet. In terms of market share, BIPV is dominated by a handful of companies. Transparency Market Research found that First Solar, Ascent Solar Technologies Inc, Pythagoras Solar Ltd, Sapa Solar and Centrosolar AG accounted for 40% of the market in 2012.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.