BIPV Market Worth $26 Billion by 2022 Says a New Research Report on BIPV Technologies and Markets for 2015-2022

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Aug 18, 2015, 06:30 ET

CHICAGO, August 18, 2015 /PRNewswire/ --

This research predicts the total building-integrated solar photovoltaic (BIPV) market (BIPV systems) will grow from about $3 billion in 2015 to over $9 billion in 2019, and surge to $26 billion by 2022, as more truly "integrated" BIPV products emerge that are monolithically integrated and multifunctional.

Complete report on BIPV market divided into 6 major chapters, talking about 30+ companies as well as supported with 45 exhibits is now available at http://www.rnrmarketresearch.com/bipv-technologies-and-markets-2015-2022-market-report.html .

This new BIPV market research believes that BIPV's best chance to take off commercially is for vendors to emphasize aesthetics, and even the "smarts" of BIPV, and not just energy efficiency. This will allow them to tap substantial addressable markets, especially in the US, Germany, Japan and China, where the demand for solar panels is already large. BIPV roofing is still the largest segment of this market throughout the forecast period, although a significant growth is expected in both glass and walling applications. For the "true" BIPV leading into monolithic and multifunctional products, the real opportunities are in the glass sector in particular, representing roughly $2.1 billion in shipments by 2018 and $6.3 billion by 2022.

The long-anticipated evolution of BIPV is in truly monolithically integrated PV materials in which there are no clear distinction between the energy and roofing subsystems. Within this transition comes a new set of economic rules and guidelines, in which this report sees huge cost-saving opportunities. Primary among them is a shift in supply-chain thinking to create new BIPV business ecosystems that align PV and construction product firms (e.g. glass companies) with flatter and wider networks of local and regional partners. Building a strong network of downstream partners, ones who understand the value and messaging around BIPV, are as crucial today as ever. An alternative straight-to-channel strategy leaves the architect out of the picture, surrendering some of BIPV's higher value to systems integrators, construction firms, installers and retailers, to encourage their buy-in. Not everyone will be able to go this route, however.

Some of the dozens of companies discussed in this BIPV market report include: AltPower, ASG, Belectric, BGT, BIPVCo, CertainTeed, CNBM/Avancis, Corning, Dow Solar, Dyesol, ertex solar, GAF, Hanergy, Heda Solar, Heliatek, Issol, Lumos, Mitsubishi Chemical, Next Energy, Onyx Solar, Orange Solar, Oxford Photovoltaics, Panasonic, Pilkington, Reckli, Saint Gobain, Solar Cloth, Solar Frontier, SolarCentury, Solaria, Solexel, Solinso, Solliance, SwissInso, and TULiPPS. Order a copy of BIPV Technologies and Markets, 2015-2022 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=407059 .

This report provides guidance on the new economics of BIPV in a new business environment where demand patterns have changed and subsidies have begun to disappear. It shows how BIPV products can be classified into types based on intelligence and functionality and how each type fits into its own characteristic niche. Supply chain issues are prominently discussed. The report explores the strategies of the leading firms in BIPV and considers how and why some of them survived the solar shakeout and others did not. It also discusses what new entrants into the BIPV space will look like and where there is room for start-ups.

Finally, the report includes detailed eight-year market forecasts with breakouts by type of BIPV product, region in which the panels will be sold, type of building in which they are installed, etc. Forecasts are both in volume and value terms.

On the same lines, another research titled Global Building Integrated Photovoltaic (BIPV) Market 2015-2019 forecasts a 15.4% CAGR for this industry to 2019. The global BIPV market has been segmented based on: Panel types, End-user, and Geography. One key trend upcoming in this market is increased focus on energy efficiency in buildings. BIPV installation enables considerable energy conservation, which will generate more revenue for the market. Moreover, installation of BIPV systems can also help in attracting incentives from governments to encourage use of alternative sources of energy.

According to this 2015-2019 BIPV market report, solar energy consumption worldwide has increased and thus has led to a corresponding increase in BIPV installations, which is expected to continue during the forecast period. Increased awareness about BIPV capabilities and use of solar energy has increased the demand for BIPV installations worldwide. Further, the report states that seasonal fluctuations in availability of solar power are hindering market growth. Solar power generation depends heavily on energy derived from the sun during off-seasonal periods. Consequently, buildings using BIPV technology are compelled to find an alternative source for power generation. This will be an additional expenditure for consumers.

This BIP market research recognizes First Solar Inc., Sharp Corp., Suntech Power Holdings Co., Trina Solar Ltd. and Yingli Green Energy Holding Co. Ltd. as the key players in the industry. Other Prominent Vendors simply mentioned in the report include Ascent Solar Technology, Centrosolar, Dyesol, Ertex Solar, Heliatek and Scheuten Solar Holding. Read more at http://www.rnrmarketresearch.com/global-building-integrated-photovoltaic-bipv-market-2015-2019-market-report.html .

Explore more reports on the photovoltaics market and related segments at http://www.rnrmarketresearch.com/reports/energy-power/energy/photovoltaics-pv .

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