Global Building-integrated photovoltaics Market worth $12.73 Billion by 2016

Building-integrated photovoltaics (BIPV) is emerging as one the most promising renewable energy technology in the field of Photovoltaics which is a truly efficient and elegant means of producing electricity on site. The energy is directly from the sun, without having any type environmental harm like pollution and depletion of materials. Conventional building materials used in parts of the building envelope as the roof, skylights, or facades have been replaced by these so-called Building-integrated photovoltaics (BIPV). Integrated photovoltaics are being increasingly incorporated into the construction of new buildings as a source of electrical power. The advantage of these integrated photovoltaics is that the initial cost can be offset by reducing the amount spent on building materials and labor that would normally be used to construct the part of the building that the BIPV modules replace.

Applications:  Photovoltaics may be integrated into many different assemblies within a building envelope like

1.      Façade of a building where large surface lager area of building can help compensate for the reduced power.

2.      Awnings and saw-tooth designs on a building façade increasing access to direct sunlight.

3.      Roofing which can provide a direct replacement for batten and seam metal roofing and traditional 3-tab asphalt shingles.

4.      Skylight systems which can be both economical and an exciting design feature.

                                                   Source: http://inhabitat.com/

According to a new market research report by MarketsandMarkets, the total BIPV market is expected to reach $12.73 billion in 2016 from just about $5.82 billion in 2011 at a CAGR of 16.9% from 2011 to 2016. The roofing product is observed to have the highest growth potential in the BIPV market at a CAGR of 17.0% from 2011 to 2016. This indicates an exponential growth in the BIPV market in the coming years. Mandate for all the new buildings to be zero emissions by the year 2016 in regions such as Europe is largely driving its adoption level. Installation on commercial rooftops offers larger opportunities that reach several megawatts while it is comparatively lesser for residential rooftops.

                                               Source: http://www.solarserver.com/

Considering technology, thin film technologies are favored as compared to crystalline silicon technology mainly because of their physical flexibility, comparably low cost, aesthetic factor and the wide range of options provided for installation. Products based on DSSC and OPV are expected to be available in the commercial market in the next 2 to 3 years.

This BIPV Market research report categorizes the global BIPV market on the basis of the different products, their uses in various applications, the technology used, geographical analysis; forecasting revenue and analyzing trends in the market.

The report can be referred here:

http://www.marketsandmarkets.com/Market-Reports/bipv-market-509.html