Building Applied Photovoltaics (BAPV) is a photovoltaic technology retrofitted on building structures primarily during the construction stage. It is fairly less detrimental to the environment and enables energy generation at lower cost than conventional power generating sources. The primary raw materials utilized in manufacturing BAPV systems comprise amorphous silicon (a-Si), cadmium telluride (CdTe), and copper indium gallium selenide (CIGS). These materials aid in transforming solar energy into electricity. Solar cells are intermediate products, which are embedded in glass sheets used to manufacture BAPV panels. BAPV products commonly include rooftop and facades. Zero energy building policy, which is strictly practiced in the U.S. and European countries, has been achieved effectively by retrofitting BAPV products on old/new building structures. Feed-in-Tariff (FIT) rates implemented across various regions, accompanied by supportive government subsidy schemes are likely to attract a larger number of consumers, which in turn is expected to fuel demand for BAPV products in the next five years. Rising concerns regarding reducing carbon footprint and bringing about a paradigm shift in electricity generation from conventional sources to renewable energy sources are some of the factors driving the BAPV market globally. High initial cost is one of the key factors confining growth of the BAPV market. However, impending government incentive schemes, influx of financial incentives from various associations, and plummeting prices have aided in overshadowing the challenge.
Due to high efficiency and lower costs as compared to alternate renewable technologies, first-generation technologies such as C-Si technology are experiencing major demand. Silicon forms one of the primary raw materials utilized in manufacturing C-Si BAPV modules. Evolution of second- and third-generation BAPV technologies coupled with abundant availability of silicon has led to a significant drop in C-Si BAPV module prices. Lower raw material costs makes C-Si BAPV modules less expensive and hence demand for these products is expected to surge in the next few years. Second-generation technologies demonstrate higher efficiencies as compared to first-generation technologies. Amount of flexibility and ease of integration offered by thin film technology is likely to attract more consumers, hence driving growth of the thin film technology segment. Third-generation technologies such as OPV and DSC are still in the development phase.
The BAPV market can be segmented on the basis of end-user applications into commercial, residential, and industrial. New norms and regulations regarding the use of renewable energy and subsidies over solar energy are together driving growth of the commercial end-use segment in the BAPV market. Laws such as Renewable Energy Law 2006 in China are driving the growth of renewable energy in the commercial sector in that region.
Stringent regulatory policies, FIT rates, accompanied by retrofitting and financial incentive schemes in Europe have propelled the demand for BAPV products. However, Western European countries, Asia Pacific, and RoW are expected to become emerging regions for the BAPV market. The North American region is witnessing peak energy demands, while peak shaving activity is also becoming popular. Peak shaving is the process used to reduce the amount of energy purchased during peak hours (noon to 6:00 pm). BAPV products are expected to supply energy for commercial and residential end use during peak hours.
First Solar, Inc., Ascent Solar Technologies, Inc., Pythagoras Solar Ltd., Sapa Solar, and Centrosolar AG are expected to dominate the BAPV market. These companies accounted for over 40% of the global market share in terms of revenue in 2012.
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope
1.4 Research Methodology
Chapter 2 Executive Summary
Chapter 3 BAPV - Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Growing consciousness about carbon footprint reduction
3.3.2 Electricity generation at low cost coupled with attractive Feed in Tariff (FiT) rates and government incentive schemes
3.3.3 Paradigm shift in generation of electricity from conventional to renewable sources
3.4 Restraints
3.4.1 High cost of BAPV systems accompanied by structural compliance approved by Division of the State Architect (DSA)
3.5 Opportunities
3.5.1 Emerging Net Zero Energy Building (ZEB) policy
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of Substitutes
3.6.4 Threat of New Entrants
3.6.5 Degree of Competition
3.7 Global BAPV: Company Market Share Analysis, 2012
3.8 Global BAPV Market: Market Attractiveness Analysis, 2013
Chapter 4 Global BAPV Market - Product Segment Analysis
4.1 Global BAPV Market: Product Segment Overview
4.1.1 Global BAPV market, volume share, by product segment, 2013 & 2020
4.2 Rooftop
4.2.1 Global BAPV rooftop annual installation market estimates and forecast, 2012– 2020 (MW) (USD Million)
4.3 Facades
4.3.1 Global facades annual installation market estimates and forecast, 2012– 2020 (MW) (USD Million)
4.4 Others
4.4.1 Global Others annual installation market estimates and forecast, 2012– 2020 (MW) (USD Million)
Chapter 5 Global BAPV Market: Regional Analysis
5.1 Global BAPV Market: Regional overview
5.1.1 Global BAPV market volume share, by geography, 2013 & 2020
5.2 North America
5.2.1 North American BAPV market estimates and forecast, 2012 – 2020 (MW) (USD Million)
5.2.2 North America BAPV market estimates and forecast by product type, 2012-2020 (MW) (USD Million)
5.3 Europe
5.3.1 European BAPV market estimates and forecast, 2012– 2020 (MW) (USD Million)
5.3.2 Europe BAPV market estimates and forecast by product type, 2012-2020 (MW) (USD Million)
5.4 Asia Pacific
5.4.1 Asia Pacific BAPV market estimates and forecast, 2012–2020 (MW) (USD Million)
5.4.2 Asia Pacific BAPV market estimates and forecast by product type, 2012-2020 (MW) (USD Million)
5.5 RoW
5.5.1 RoW BAPV market estimates and forecast, 2012–2020 (MW) (USD Million)
5.5.2 RoW BAPV market estimates and forecast by product type, 2012-2020 (MW) (USD Million)
Chapter 6 Company Profiles
6.1 First Solar Inc.
6.1.1 Company overview
6.1.2 Product Portfolios
6.1.3 Business strategy
6.1.4 SWOT analysis
6.1.5 Recent developments
6.2 Onyx Solar Group LLC
6.2.1 Company overview
6.2.2 Product Portfolio
6.2.3 Business strategy
6.2.4 SWOT analysis
6.2.5 Recent developments
6.3 Sharp Solar
6.3.1 Company overview
6.3.2 Product Portfolio
6.3.3 Business strategy
6.3.4 SWOT analysis
6.3.5 Recent developments
6.4 Sapa Soar
6.4.1 Company overview
6.4.2 Product Portfolio
6.4.3 Business strategy
6.4.4 SWOT analysis
6.5 Ascent Solar Technologies Inc
6.5.1 Company overview
6.5.2 Product Portfolio
6.5.3 Financial overview
6.5.4 Business strategy
6.5.5 SWOT analysis
6.5.6 Recent developments
6.6 CENTROSOLAR Group AG
6.6.1 Company overview
6.6.2 Product Portfolio
6.6.3 Financial overview
6.6.4 Business strategy
6.6.5 SWOT analysis
6.6.6 Recent developments
6.7 Ertex solartechnik GmbH
6.7.1 Company overview
6.7.2 Product Portfolio
6.7.3 Business strategy
6.7.4 SWOT analysis
6.8 Ecotemis
6.8.1 Company overview
6.8.2 Product Portfolio
6.8.3 Business strategy
6.8.4 SWOT analysis
6.8.5 Recent developments
6.9 Heliatek GmbH
6.9.1 Company overview
6.9.2 Product Portfolio
6.9.3 Business strategy
6.9.4 SWOT analysis
6.9.5 Recent developments
6.10 Power Film, Inc.
6.10.1 Company overview
6.10.2 Product Portfolio
6.10.3 Financial overview
6.10.4 Business strategy
6.10.5 SWOT analysis
6.10.6 Recent developments
6.11 Pythagoras Solar
6.11.1 Company overview
6.11.2 Product Portfolio
6.11.3 Business strategy
6.11.4 SWOT analysis
6.11.5 Recent developments
List of Tables
TABLE 1 Global BAPV Annual Installation Market: Snapshot
TABLE 2 Drivers for BAPV market: Impact analysis
TABLE 3 Fossil fuel carbon dioxide emission levels
TABLE 4 Average feed in tariff rates in various region (USD/kWh)
TABLE 5 Regional impact of regulations
TABLE 6 Restraints for BAPV market: Impact Analysis
TABLE 7 North America BAPV market estimates and forecast by product type, 2012–2020 (MW)
TABLE 8 North America BAPV market revenue and forecast by product type, 2012–2020 (USD Million)
TABLE 9 Europe BAPV market estimates and forecast by product type, 2012–2020 (MW)
TABLE 10 Europe BAPV market revenue and forecast by product type, 2012–2020 (USD Million)
TABLE 11 Asia Pacific BAPV market estimates and forecast by product type, 2012–2020 (MW)
TABLE 12 Asia Pacific BAPV market revenue and forecast by product type, 2012–2020 (USD Million)
TABLE 13 RoW BAPV market estimates and forecast by product type, 2012–2020 (MW)
TABLE 14 RoW BAPV market revenue and forecast by product type, 2012–2020 (USD Million)
List of Figures
FIG. 1 BAPV: Market segmentation
FIG. 2 Global BAPV annual installed capacity, 2012 – 2020 (MW) (USD Million)
FIG. 3 Value Chain Analysis of BAPV Module
FIG. 4 Global Carbon Emissions, 2006– 2018, Kilo Tons
FIG. 5 Porter’s Five Forces analysis for BAPV market
FIG. 6 Global BAPV Market: Company Market Share Analysis, 2012
FIG. 7 Global BAPV Market: Market Attractiveness Analysis, 2013
FIG. 8 Global BAPV market, volume share, by product segment, 2013 & 2020
FIG. 9 Global demand for BAPV rooftop modules, 2012 – 2020 (MW) (USD Million)
FIG. 10 Global demand for facades modules, 2012 – 2020 (MW) (USD Million)
FIG. 11 Global demand for Others modules, 2012 – 2020 (MW) (USD Million)
FIG. 12 Global BAPV market volume share, by geography, 2013 & 2020
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