BIPV Poised for Explosive Growth

Date: 9 November 2011
Source: http://www.renewableenergyworld.com
The market for building-integrated photovoltaics (BIPV) is set to surge to more than 11 GW by 2015, according to a new report.

LONDON -- Building-integrated photovoltaics (BIPV) currently make up a small but increasing part of the world PV market, and many analysts predict a growth explosion in the sector, resulting in a multibillion-dollar annual market segment. The global BIPV market was estimated at 1201 MW in 2010 and is expected to increase at a 56% compound annual growth rate (CAGR) to reach a capacity of 11,392 MW in 2015, according to Building-Integrated Photovoltaics (BIPV): Technologies and Global Markets, a new report from analysis firm BCC Research.

BIPV roofing is the largest near- and mid-term market segment, the report says and the global market for BIPV capacity in the roofing sector was 404 MW in 2010 and is expected to reach 3197 MW in 2015, a CAGR of 51 percent. The BIPV sector had a manufacturing capacity of just 200 kW in that year, but BCC Research expects it to increase at a 670 percent CAGR, reaching a capacity of 5439 MW in 2015.

Read more: www.renewableenergyworld.com/rea/news/article/2011/11/bipv-poised-for-explosive-growth

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