Building-integrated solar market to quadruple in five years

By Kirsten Korosec | December 27, 2012, 1:16 PM PST

An emerging market for solar cells integrated into rooftops, windows and other building facades is poised to quadruple in value in the next five years, according to a report from Pike Research.

The annual value of the so-called BIPV market will grow from $606 million in 2012 to more than $2.4 billion in 2017, according to the study. If Pike Research’s forecast pans out, it could provide the building and solar panel industries–both of which have suffered over the past year–with a new revenue stream.

The total capacity of BIPV systems worldwide will grow from just over 400 megawatts in 2012 to 2,250 MW in 2017, a more than five-fold increase, said Pike Research.

Read more: Building-integrated solar market to quadruple in five years | SmartPlanet.

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