NanoMarkets, a provider of industry analysis services and market and technology research, has declared the availability of its new report titled, ‘Building Integrated Photovoltaics Markets, 2011’.
The report states that the BIPV market will witness a good growth in the period from 2011 to 2016 to become $11 billion market in 2016 from the moderate turnover of just over $2 billion level in 2011. It expects that the BIPV installation capacity will witness a10 fold growth in the five year period from 2011 to 2016 to achieve 3.6 GW in 2016 from the current level of 343 MW in 2011.
The report discusses the present changes and measures happening in the BIPV segment and the coordination between the PV and Building industries in bringing in ‘2nd generation BIPV products’ that can step-up the value of the building while enabling new avenues for increased revenue. The report examines the benefits extended to the BIPV sector under the current regulatory regime and states that BIPV will continue to survive and grow even if all the present subsidies are withdrawn.
The report delves in detail about the challenges faced by the building products industry in commencing and completing new constructions. It also discusses the threat faced by the solar industry in the form of reduced subsidies, which is considered to be vital for the growth of the industry.
It suggests that BIPV segment offers equal growth and revenue opportunities to both solar and the building industry. It discusses, that coordination between the solar and building industry will benefit both the industries mutually by way of increased market opportunities. The report explains that solar cell and module production companies when associated with the building component companies,will get more exposure to new markets, while the building companies will be in a position to discover newer possibilities in the construction of new buildings, reconstruction of existing homes and in commercial space.
Source: http://www.nanomarkets.net