Building-integrated PV Market to Grow Over $8.7B in 2016

Revenues from building-integrated PV will grow from about $1.8 billion this year, to reach over $8.7 billion in 2016, according to latest research from NanoMarkets. While the PV market, and specifically the BIPV market, will be impacted by the current recession, the combination of policy incentives and trends in architectural style produces a need for aesthetic integration of PV cells into the buildings that use them.

NanoMarkets also expects to see a shift in the type of PV materials used in building-integrated products. While crystalline silicon (c-Si) currently makes up about 75 percent of the market in volume terms, by 2016 this value will drop to close to 33 percent as the thin-film PV technologies penetrate the market. By 2016, NanoMarkets projects that thin-film silicon will represent 35 percent of the BIPV market while CIGS will have 17 percent share.

NanoMarkets


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