The market for building-integrated photovoltaics (BIPV) is predicted to grow more than tenfold by 2016, approaching 2.4 gigawatts (GW) worldwide-compared to just 215 megawatts (MW) in 2009-according to a new analysis.
Pike Research, the analyst firm, forecasts that growth in the market will generate annual wholesale revenues of $4 billion by 2016, under a base case scenario.
"Rapidly falling cost per watt will be a major driver of BIPV and BAPV installations in the coming years," says senior analyst Dave Cavanaugh. "In addition, rooftop installations are becoming much easier with the market entry of new, high-efficiency CIGS-technology panels and shingles. At the same time, the aesthetic appeal of BIPV and BAPV is improving with the introduction of solar crystalline-silicon modules and thin film tiles and shingles that blend into building facades, atria and rooftops."
Cavanaugh adds that other key growth drivers include newly-instituted generous BIPV/BAPV feed-in tariffs in countries such as Italy, Japan, France, the United Kingdom, and the Canadian province of Ontario, and he believes it is likely that the United States will institute BIPV/BAPV incentives beginning in 2011.
Additional factors that are likely to fuel adoption of BIPV/BAPV are efficiency improvements in modules, an enhanced supply chain for BIPV/BAPV solar products, much easier rooftop installation, and an increasing desire to "go green" by owners of residences and commercial buildings.
The report "Building-Integrated Photovoltaics" includes base case and upside scenario forecasts for BIPV/BAPV installed capacity by world region and technology, along with forecasts of wholesale market revenues through 2016.
Romag PowerGlaz® BIPV is suited to a wide range of applications and can be integrated into vertical glazing, pitched glazing, canopies or walkways as well as glazed roofs such as atria and sloping slate and tile roofs. PowerGlaz® glass/glass laminates can be single or double glazed, and will fit easily into most proprietary glazing systems.