NanoMarkets, a company involved in industry analysis, declared that it has included a new report titled “Building Integrated Photovoltaics Markets, 2011,” covering the BIPV industry in its list of report offerings.
The report indicates that the BIPV will grow up to $11 billion market in 2016 from just over $2 billion level in 2011. It anticipates that during the same period the installed capacity of BIPV will achieve 10 fold increase to reach 3.6 GW in 2016 from its present level of around 343 MW in 2011. The report cites the increased participation of Midland, Michigan-located Dow Chemical in fueling the growth.
The report traverses and measures the current changes in the BIPV segment depicting the coordination between the building and PV industries in introducing 2nd generation BIPV products that improve the existing value of the buildings while signifying new avenues for revenue generation. The report examines the benefits available for BIPV under the present regulations. According to the report, since BIPV enables building cost and photovoltaic cost to be shared over an identical infrastructure, the report views BIPV as a good business prospect even if all the solar subsidies are withdrawn or reduced.
According to the report while crystalline silicon continues to maintain its larger share of solar market, the thin-film photovoltaic products with their increased access to BIPV will make the market more competitive. It mentions that a number of CIGS-based BIPV products have completed the required tests and are on their way in the distribution to assist the growth of BIPV market.
The report delves in detail covering segments such as new construction and remodeling, industrial, commercial and residential. It studies the magnitude of different BIPV markets, roles and strategies followed by notable companies and different PV technologies used in BIPV. It discusses in detail about various revenue producing opportunities available in BIPV sector during the next eight years.
Source: http://www.nanomarkets.net