The global BIPV and BAPV market will grow from just over 400MW in 2012 to 2,250MW in 2017 representing a five-fold increase, Pike Research forecasts.

According to Pike Research’s Building Integrated Photovoltaics report, the value of the market will quadruple over the next five years, from US$606 million in 2012 to more than US$2.4 billion in 2017.

As reported by PV-Tech’s sister site Design-Build Solar, Western Europe will remain the largest market for BIPV products. Meanwhile, emerging BIPV markets up to 2017 include Eastern Europe (Lithuania, Serbia, Slovenia, Poland, and Ukraine), Asia Pacific (especially Australia, China, India, Japan, Malaysia, and Thailand), Latin America (Brazil and Chile) and South Africa.

“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,” said Kerry-Ann Adamson, Research Director at Pike Research.

“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.”