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Increase in the demand for energy and rapidly depleting energy sources are creating the need for alternative energy sources. Building integrated photovoltaics will enable energy generation, thus satisfying demands like heating and cooling of a building. Photovoltaic material is incorporated in the building at the time of construction for fulfilling the energy needs of the building. This material will help in generation of heat and electricity that can be used for various purposes. Most of the nations are adopting and encouraging the construction of such energy efficient buildings.
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Technological improvements in photovoltaic industry to increase device efficiency and reduce costs are also driving this market. World market for BIPV has entered the times of double digit growth in 21st century. This has been driven by acceleration in extension of production quantities of most components and declining price of PV materials. Trend towards declining prices in industry encouraged the emergence of many new market players.
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