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Report: BIPV to be one of the fastest growing PV segments

Building Integrated Photovoltaics (BIPV) could be the answer to the various challenges faced by the global PV industry in the years to come, according to a new report from Pike Research.

With up to 4.6GW of installations predicted through 2017, building integrated photovoltaics (BIPV) will become one of the fastest growing sectors in the PV industry, according to the report from Pike Research, part of business advisory consulting firm Navigant.

Western Europe is currently the largest BIPV market, but others will emerge, including Eastern Europe, Asia Pacific and South Africa, says Pike. The US is also paying greater attention to BIPV, as the Department of Energy’s approval of an additional $415 million in funding for 2011’s SunShot initiative shows all too well.

The Pike Research report examines global markets for BIPV and BAPV and gives a comprehensive analysis of demand drivers and economics, alongside technology issues and key industry players. Detailed profiles of 53 companies active in the sector are included alongside a detailed review of current government policies and financial incentives. The report also provides forecasts for worldwide BIPV/BAPV capacity along with forecasts of market revenues through 2017.

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