ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has recently published a new research report titled “Building Integrated Photovoltaics (BIPV) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019” to its comprehensive database. The report states that the market will grow at a healthy CAGR of 18.7% between 2013 and 2019.

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The report segments the global BIPV market based on product types, prominent technologies, end-user applications and prominent regional BIPV markets around the globe. Amongst the various BIPV product types studied by the report, the report states that the segment rooftop heavily influenced the demands and accounted for nearly 67% revenue shares of the BIPV market in 2012.

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Demands from technology and end-user application segments also followed a highly focused trend. BIPV products based on C-Si technology held nearly 60%, while the application segment commercial end-users held nearly 67% revenue shares of the market the same year. In terms of the number of annual BIPV installations, Europe’s BIPV market held the leading market position and acquired nearly 41% volume shares in 2012. Market shares of North America followed this feat, and stood at nearly 27% in the same year.

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Highly economic and efficient nature of BIPV products will keep driving demands at a healthy rate in the near future in the future as well. Demand for BIPV products from the commercial application segment will be driven by rising proposals for strict regulatory norms regarding the use of renewable energy, states the report.

Energy Market Reports: http://www.transparencymarketresearch.com/energy-market-reports-3.html

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