Glass to Benefit as Increasing Integration Helps BIPV Market Reach $26 Billion by 2022
In a report entitled “BIPV Technologies and Markets, 2015-2022,” n-tech Research predicts that the total market for building-integrated solar photovoltaic (BIPV) systems will grow from about $3 billion in 2015 to over $9 billion in 2019. The market is expected to surge to $26 billion by 2022, as more truly “integrated” BIPV products emerge that are monolithically integrated and multifunctional.
According to n-tech Research, the long-anticipated evolution of BIPV is in truly monolithically integrated PV materials, in which there is no clear distinction between the energy and roofing subsystems. Within this transition comes a new set of economic rules and guidelines, along with huge cost-saving opportunities. Primary among them is a shift in supply chain thinking to create new BIPV business ecosystems that align PV and construction product firms (e.g., glass companies) with flatter and wider networks of local and regional partners.
Educating architects and installers is still very much needed so they appreciate that there is “life after rooftop PV racking.” Building a strong network of downstream partners, those who understand the value and messaging around BIPV, are as crucial today as ever. An alternative straight-to-channel strategy leaves the architect out of the picture, surrendering some of BIPV’s higher value to systems integrators, construction firms, installers and retailers, to encourage their buy-in. Not everyone will be able to go this route, however.
n-tech Research believes that BIPV’s best chance to take off commercially is for vendors to emphasize aesthetics, and even the “smarts” of BIPV, not just energy efficiency. This will allow them to tap substantial addressable markets, especially in the U.S., Germany, Japan and China, where the demand for solar panels is already large.
BIPV roofing is still the largest segment of this market throughout the forecast period, although significant growth is expected in both glass and walling applications. For the “true” BIPV leading into monolithic and multifunctional products, the real opportunities will be in the glass sector in particular, representing roughly $2.1 billion in shipments by 2018 and $6.3 billion by 2022.
Additional details are available at www.ntechresearch.com.