May 14, 2014: Building Integrated Photovoltaics Expected to Grow at 18.7 Percent to 2019
Key Product Segments Include Rooftop, Curtain Wall, and BIPV Window
ALBANY, N.Y. — Annual installations of building integrated photovoltaics (BIPV) were 343.1 MW in 2012 and are expected to reach 1,152.3 MW by 2019, growing at a compound annual growth rate (CAGR) of 18.7 percent from 2013 to 2019, according to a new report from Transparency Market Research.
Key product segments analyzed in this study include rooftop, curtain wall, and BIPV window. Rooftop was the largest segment and accounted for about 67 percent of the market share in 2012. Curtain wall is seeing increased demand due to growing commercial applications and is expected to be the fastest growing product segment. Due to development in BIPV products such as transparent, insulated, and colored BIPV, BIPV window is likely to become one of the prominent product segments.