NanoMarkets, a leading industry analyst based here, today announced the release of its most recent report, "Building-Integrated Photovoltaics Markets 2009 and Beyond." This report, which builds upon the firm’s coverage of the BIPV market, contains analysis and market projections of both crystalline silicon (c-Si) and the thin-film PV technologies used in various portions of a building—rooftops, exterior walls, windows, facades, sunshades, skylights, etc., and other related materials. Further details about the report are available at www.nanomarkets.net.
Key Findings:
According to NanoMarkets' new report, revenues from building-integrated PV will grow from about $1.8 billion this year, to reach over $8.7 billion in 2016. While the PV market, and specifically the BIPV market, will be impacted by the current recession, the combination of policy incentives and trends in architectural style produces a need for aesthetic integration of PV cells into the buildings that use them.
NanoMarkets also expects to see a shift in the type of PV materials used in building-integrated products. While crystalline silicon (c-Si) currently makes up about 75 percent of the market in volume terms, by 2016 this value will drop to close to 33 percent as the thin-film PV technologies penetrate the market. By 2016, NanoMarkets projects that thin-film silicon will represent 35 percent of the BIPV market while CIGS will have 17 percent share.