BIPV Installed Capacity to Grow More than Tenfold by 2016
A new report from Pike Research predicts that BIPV and building-applied photovoltaics (BAPV) market dynamics will change beginning in 2010. In addition, installed capacity will grow more than tenfold by 2016, approaching 2.4 gigawatts (GW) worldwide in that year compared to just 215 megawatts (MW) in 2009. This growth is forecast to generate annual wholesale market revenues of $4 billion by 2016.
“Rapidly falling cost per watt will be a major driver of BIPV and BAPV installations in the coming years,” said Dave Cavanaugh, senior analyst. “In addition, rooftop installations are becoming much easier with the market entry of new, high-efficiency CIGS-technology panels and shingles. At the same time, the aesthetic appeal of BIPV and BAPV is improving with the introduction of solar crystalline silicon modules and thin film tiles and shingles that blend into building facades, atria, and rooftops.”
Cavanaugh said that other key growth drivers include newly instituted generous BIPV/BAPV feed-in tariffs in countries such as Italy, Japan, France, the U.K., and Ontario, Canada, and he believes it is likely that the U.S. will institute BIPV/BAPV incentives beginning in 2011. Additional factors that are likely to fuel the adoption of BIPV/BAPV are efficiency improvements in both c-Si modules and flexible thin film panels and shingles, an enhanced supply chain for BIPV/BAPV solar products, much easier rooftop installation, and an increasing desire to “go green” by owners of residences and commercial buildings.
For more information, phone (303) 997-4619 or visit www.pikeresearch.com.