In GTM Research’s report, Building-Integrated Photovoltaics: An Emerging Market, the company hails the BIPV market on the brink of a global expansion in its installed capacity. The report forecasts installed PV on the whole to reach over 20GW globally by 2013, with the cost of PV panels falling to US$1.20 per watt around the same date. With such a large expansion in the PV world, BIPV will have a prime opportunity for new BIPV solar components.
“The BIPV solar market’s grasp is finally meeting its reach thanks to both significant cost reductions over the past two years and product development that is enabling seamless integration of PV into the building envelope,” said Philip Drachman, a solar PV industry expert and the report’s author at GTM Research.
The expected growth opportunity for the BIPV sector is attributed to maturing energy-efficiency codes, feed-in tariffs and supply-side product development. Currently, the BIPV has been a specialized industry, but its development is beginning to reach a more global audience.
For further information, click here.