Global Building Integrated Photovoltaics Market 2012-2016: The Usage of Solar Power Storage

Author:Research and Markets     Source:Research and Markets     Click:402     Publish time:2013/10/10 16:03:21

Research and Markets has announced the addition of the "Global Building Integrated Photovoltaics Market 2012-2016" report to their offering.

The analysts forecast the Global Building Integrated Photovoltaics market to grow at a CAGR of 16.58 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing number of facilities available to store solar energy. The Global Building Integrated Photovoltaics market has also been witnessing increased R&D investment for the Solar industry. However, the seasonal fluctuation of solar power availability could pose a challenge to the growth of this market.

The key vendors dominating this space include First Solar Inc., Sharp Corp., Suntech Power Holdings Co. Ltd., and United Solar Ovonic LLC.

The other vendors mentioned in this report are Ascent Solar Technologies Inc., Centrosolar AG, Dow Solar, Dyesol Ltd., Eagle Roofing Products Florida LLC, Ertex Solar GmbH, Heliatek GmbH, Konarka Technologies Inc., Kyocera Corp., PowerFilm Inc., Pythagoras Solar Ltd., Scheuten Solar Holding B.V., SCHOTT Solar AG, SolarOr Ltd., Solyndra LLC, and Wurth Solar GmbH & Co. KG.

Commenting on the report, an analyst from the team said: One of the major trends in the Global BIPV market is the huge investments made in R&D for the Solar industry. For instance, the National Institute of Standards and Technology has issued grants for R&D in the Renewable Energy sector. The National Research Centre in the UK, which deals with solar wafer research, has partnered with European Union-funded R&D programs that are related to solar wafers and PV technology. Some of the international agencies and conferences involved in the research on solar wafers and solar cells include the European Renewable Energy Research Centres Agency, the Renewable Energy Policy Network for the 21st century, the International Renewable Energy Storage Conference, the World Renewable Energy Congress/Network, the International Energy Agency, and the International Renewable Energy Agency. This increased R&D in the Solar industry is one of the major trends in the Global BIPV market.

According to the report, one of the key issues faced by the Solar industry previously was the difficulty in storing the energy generated for later use. As this issue has been rectified to a certain extent, with the introduction of solar PV inverters and other storage technologies, the investment in the Solar industry is increasing. As a result, the increase in the usage of solar power storage technologies will in turn increase the growth of the Global BIPV market in the future.

Keywords:Global Building Integrated Photovoltaics Market 2012-2016: The Usage of Solar Power Storage
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