Industry analyst NanoMarkets has published a new report claiming that revenues in the building-integrated photovoltaics (BIPV) product market will surpass US$11 billion by 2016. In addition to this fivefold increase in revenue, the paper, titled “Building Integrated Photovoltaics Markets, 2011” states that capacity within the sector will also rise from 343MW to 3.6GW during the same time period.
NanoMarkets also argues that the next five years will witness a maturing of the BIPV industry, with a move towards second generation BIPV products. These offerings will allow for even easier integration with buildings and see revenues rise accordingly; BIPV glass will generate over US$6.4 billion (versus US$1.17 billion in 2011), tiles and floating panels’ income will rise to US$3 billion (from US$691 million) and flexible products will increase to around US$1.9 billion (from US$153 million).
It also looks likely that while crystalline silicon (c-si) will continue to command a significant share of the market for the coming decade, with several CIGS-based products moving into traditional distribution channels, thin-film photovoltaic (TFPV) manufacturers also have reason to be excited by the projected growth in BIPV. Amorphous silicon (a-si) revenues will exceed US$1 billion in 2014 with CIGS and cadmium telluride following suit in 2015 and 2017 respectively.