Europe, Solar

BIPV market to hit US$4 billion within five years

A new report from analysis firm NanoMarkets predicts that the market for building integrated on-site photovoltaics (BIPV) will reach more than US$4 billion in revenues by 2013 and surpass $8 billion in 2015.

The report, ‘Building Integrated Photovoltaics Markets: 2008’ finds that by 2013, there will be an installed capacity of 10.8 GWp of BIPV, of which 4.6 GWp will come from Europe and 3.7 GW from the US.

Approximately 7 GWp of total BIPV capacity by 2013 will be from residential applications. However, although the market will remain dominated by rooftop installations, facade BIPV will account for 1.1 GWp within five years.

The report adds that much of the growth in the sector will come from a new generation of BIPV products. For instance, by 2013 the PV-encapsulated roofing product market, consisting of solar tiles, slates, and shingles will generate $2.5 billion in revenues. Also by 2013, facade products such as solar curtain walls, building cladding and atrium glass will produce $430 million in revenues. Solar cladding is a very competitive alternative to conventional cladding materials while solar curtain walls are easier to receive planning permission and permits for compared with conventional roof-mounted PV.

Crystalline silicon BIPV systems are expected to account for $2.1 billion in revenues in 2013. However, BIPV is also expected to present major opportunities for new thin-film and organic PV materials which enable products to be laminated onto curved surfaces.