Green roofing initiatives pushing growth in BIPV markets

Green roofing initiatives pushing growth in BIPV markets

iStock photo

The push to boost energy efficiency in buildings has helped drive the building-integrated photovoltaics (BIPV) global market, a new study says.

BCC Research reveals in a new report that BIPV has limitless market potential because buildings account for more than 40 percent of all energy consumption.

BIPVs are photovoltaic materials that replace conventional building materials in components of the building envelope, such as the roof, skylights or facades.

The global market for building-integrated photovoltaic (BIPV) technologies is expected to grow from $2.4 billion in 2016 to $4.3 billion by 2021, demonstrating a five-year compound annual growth rate of 12.2 percent.

The standing seam metal roofing market, the largest segment, should reach $676.8 million and $972.5 million in 2016 and 2021, respectively, reflecting a five-year growth rate of 7.5 percent, the study shows. The facades market is expected to increase from $690.5 million in 2016 to $754.2 million by 2021, at a five-year annual growth rate of 1.8 percent.

The photovoltaics industry is transitioning from an expensive renewable technology to a major factor in the world’s energy supply. Annual market value of installed product now is measured in the tens of billions of dollars (U.S.), and the trend remains upward, despite an uneven global economy.

There remains a broad-based business in adding PV capacity to residential, commercial and institutional buildings. This latter, building-related application of PV technology, known as “behind the meter,” is the highest-value application for PV, at least for grid-connected applications. Power is always produced at the peak of the day when prices are highest and delivery of power from distant sources would otherwise be needed.

With knowledge of the built environment’s contribution to greenhouse gases (GHG) emissions, energy consumption and local tax shortfalls, governments are moving to energy demand as a revenue source. BIPV may not be a mandatory requirement, but it gains LEED points for a building.

Governments at all levels on both the European and North American continents have established green building criteria as mandatory for new institutional buildings (up to 25 percent of the construction market). Even China, which possesses more than 80 percent of the world’s production capacity for PV, has instituted its own form of green building standards.

"BIPV is being encouraged by many national governments that realize that solar farms cannot be allowed to replace food farms," BCC Research analyst Erik Vickstrom said. "The external surfaces of buildings are suitable for hosting or being replaced by PV materials. But BIPV is not expanding rapidly in all directions. Roofing is still in a period of early market acceptance."


Topics: Architectural Firms, Building Owners and Managers, Construction Firms, Consulting - Green & Sustainable Strategies and Solutions, Energy Saving Products, Engineering Firms, Exteriors, Great Commercial Buildings, Roofing, Sustainable Communities, Technology, Transportation Buildings

Sponsored Links:

Latest Content

Get the latest news & insights





High-efficiency refugee center seeks final partners for construction