|By Business Wire||
|December 27, 2012 05:00 AM EST||
Both the building industry, which is still plagued by low housing starts and new builds, and the global solar industry, which is facing severe reductions in financial subsidies in key markets, have been under stress in recent years. The emergent market for building integrated photovoltaics (BIPV) offers a new way to develop revenue streams for these two industries. According to a recent report from Pike Research, a part of Navigant’s Energy Practice, the total capacity of BIPV systems worldwide will grow from just over 400 megawatts (MW) in 2012 to 2,250 MW in 2017, a more than five-fold increase.
The annual value of the BIPV market will quadruple over the next five years, growing from $606 million in 2012 to more than $2.4 billion in 2017, the study concludes.
“The growing availability of energy-efficient, flexible, and transparent solar materials is transforming the way that architects and building engineers view, and use, photovoltaic systems,” says research director Kerry-Ann Adamson. “In the future, BIPV will no longer be confined to spandrel or overhead applications. Rather, the entire building envelope will be able to put it to use, allowing the structure to produce its own power and feed additional power into the grid system.”
Going into 2013, the BIPV market will open up more as it rebounds from the great solar depression and several long-term projects hit the market, according to the report. An increasing number of players in the supply chain are working together to provide solutions for the entire building envelope. Among the most important next steps for the industry is the development of finished solar modules made by continuous production from PV rolls. Developing the ability to print the PV coating directly on to steel roof cladding will enable the modules to be produced in large volumes, cost-effectively.
The report, “Building Integrated Photovoltaics,” examines the expanding global markets for BIPV and building applied photovoltaics (BAPV) including a comprehensive analysis of demand drivers and economics, technology issues, and key industry players. The report includes detailed profiles of 53 companies in the sector as well as a detailed review of current government policies and financial incentives. Forecasts for worldwide BIPV/BAPV capacity by world region and by technology, along with forecasts of wholesale market revenues, are provided through 2017. An Executive Summary of the report is available for free download on the Pike Research website.
About Pike Research
Pike Research, which joined Navigant’s global Energy Practice on July 1, 2012, provides in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.
Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “Building Integrated Photovoltaics,” is a summary and reflects Pike Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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