A new report from industry analyst firm NanoMarkets estimates the building integrated photovoltaics (BIPV) market will see significant growth by 2016.
The market is expected to reach $6.4 billion, up from $1.5 billion in 2012, mainly due to the improvements in levels of transparency. At present, these levels are below 50%, which means initial markets for BIPV glass are in skylights, facades, curtain walls and other areas where light is not required, states a press release on the PR Newswire website.
The report also indicates that BIPV glass will be used more in commercial projects, rather than just in prestige building designs, which will also aid market growth.
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PR Newswire report
NanoMarkets Report Says BIPV Glass Market to Reach $6.4 billion by 2016
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