Global Bifacial Solar Market by Type (Dual-Glass, Glass-Backsheet), Frame Type (Framed, Frameless), Cell Technology (Passivated Emitter Rear Contact, Heterojunction, TOPCon), Application (Residential, Commercial & Industrial, Utilities)

The global bifacial solar market is estimated to grow from USD 18.5 billion in 2024 to USD 37.6 billion by 2029; it is expected to record a CAGR of 15.2% during the forecast period. Bifacial solar panels are increasingly achieving grid parity across various global markets, positioning them as viable competitors to conventional energy sources. This parity is driven by advancements in technology and manufacturing efficiencies, which have lowered production costs significantly. Coupled with supportive policies and incentives from governments, these panels offer not only enhanced energy capture from both sides but also improved overall economic feasibility.

Passivated Emitter Rear Contact (PERC): The largest segment of the bifacial solar market, by cell technology

Based on cell technology, the bifacial solar market has been segmented into Passivated Emitter Rear Contact (PERC), TOPCon, and Heterojunction (HJT). The Passivated Emitter Rear Contact (PERC) segment is expected to be the largest segment during the forecast period. PERC cells demonstrate robust compatibility with cutting-edge advancements such as half-cut cells and multi-busbar designs, significantly amplifying overall panel performance. This synergy enhances energy generation efficiency and durability, optimizing the utilization of sunlight in both conventional and bifacial solar panel configurations. This integration not only boosts power output but also contributes to the scalability and cost-effectiveness of solar energy systems, reinforcing PERC technology's position as a pivotal driver in the evolving solar market landscape.

By type, the Glass-backsheet Bifacial Solar segment is expected to be the second largest segment during the forecast period

Based on type, the bifacial solar market is segmented into glass-backsheet bifacial solar, and dual-glass bifacial solar. The glass-backsheet bifacial solar segment is expected to be the second largest segment of the bifacial solar market during the forecast period. As manufacturers refine their processes, such as the lamination of glass backsheet materials and the application of bifacial cell technology, production efficiencies improve.

These advancements not only enhance the overall performance and durability of bifacial panels but also contribute to significant cost reductions over time. Moreover, innovations in materials science and engineering contribute to cost savings by improving the reliability and longevity of glass-backsheet panels, reducing maintenance costs and enhancing their overall lifetime value. Combined with supportive regulatory frameworks and increasing investor confidence in renewable energy technologies, these cost reduction efforts foster a favorable environment for the widespread adoption of glass-backsheet bifacial solar panels in both residential and utility-scale solar installations.

Asia Pacific is expected to be the largest region in the bifacial solar market

Asia pacific is expected to be the largest region in the bifacial solar market during the forecast period. Enhanced grid integration capabilities and improved grid stability are pivotal factors bolstering the feasibility and attractiveness of deploying bifacial solar projects across the Asia-Pacific region. As countries in this region continue to expand their renewable energy capacities, the integration of bifacial solar into existing grids becomes increasingly seamless. This advancement not only supports the reliability of electricity supply but also facilitates the efficient management of fluctuating renewable energy sources. Furthermore, advancements in grid technology tailored to regional climatic conditions and energy consumption patterns further optimize the performance of bifacial solar installations, promoting their widespread adoption as a sustainable energy solution in the Asia-Pacific context.

Breakdown of Primaries

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1 - 65%, Tier 2 - 24%, and Tier 3 - 11%
By Designation: C-Level - 30%, Director Level - 25%, and Others - 45%
By Region: North America - 10%, Europe - 25%, Asia Pacific - 35%, Middle East - 5%, Africa - 15%, South America - 10%

Note: Others include sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million.

The bifacial solar market is dominated by a few major players that have a wide regional presence. The leading players in the bifacial solar market are LONGi (China), Trinasolar (China), Canadian Solar (Canada), JA SOLAR Technology Co., Ltd. (China), and SHARP CORPORATION (Japan). The major strategy adopted by the players includes new product launches, contracts, agreements, partnerships, joint ventures, acquisitions, and investments & expansions.

Research Coverage

The report defines, describes, and forecasts the global bifacial solar Market based on type, frame type, cell technology, application, and region. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the bifacial solar market.

Key Benefits of Buying the Report

Government initiatives at the national and international levels amplify the impact of investment on the bifacial solar market. Robust policy frameworks, often accompanied by financial incentives, subsidies, and regulatory support, encourage widespread adoption of bifacial solar. Factors such as high initial cost and lack of infrastructure restrain the growth of the market. The growing energy transition towards renewable energy sources and rapid urbanization are expected to present lucrative opportunities for the players operating in the bifacial solar.
Product Development/ Innovation: The bifacial solar market is witnessing significant product development and innovation, driven by the growing demand for environmentally friendly, safe and sustainable products. Companies are investing in developing advanced bifacial solar for various applications.
Market Development: Canadian Solar has announced a multi-year agreement with Lightsource BP to supply 1.2 GW of high-efficiency polycrystalline solar modules for projects in the US and Australia. The projects will utilize Canadian Solar's polycrystalline bifacial BiHiKu (CS3W-PB-AG) and HiKu (CS3W-P) modules. Canadian Solar, known globally for its solar cell and module innovations, specializes in bifacial modules that generate power from both the front and rear sides, increasing output compared to standard monofacial modules. The BiHiKu bifacial modules, noted for their high output, are expected to maximize power generation within limited plant areas.
Market Diversification: Canadian Solar has announced the establishment of a new 5 GW solar PV cell manufacturing facility at the River Ridge Commerce Center in Jeffersonville, Indiana. This state-of-the-art plant will produce approximately 20,000 high-power modules daily, contributing significantly to solar energy production. Representing an investment exceeding $800 million, the facility is projected to generate about 1,200 skilled high-tech jobs once fully operational. The solar cells manufactured here will support Canadian Solar's module assembly plant in Mesquite, Texas, with production set to commence by the end of 2025.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include LONGi (China), Trinasolar (China), Canadian Solar (Canada), JA SOLAR Technology Co., Ltd. (China), and SHARP CORPORATION (Japan) among others in the bifacial solar market.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.4 Study Scope
1.4.1 Bifacial Solar Market Segmentation
1.4.2 Years Considered
1.5 Currency Considered
1.6 Units Considered
1.7 Limitations
1.8 Stakeholders
1.9 Recession Impact

2 Research Methodology

2.1 Research Data
2.2 Secondary and Primary Research
2.2.1 Secondary Data
2.2.1.1 List of Major Secondary Sources
2.2.1.2 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 List of Primary Interview Participants
2.2.2.2 Key Industry Insights
2.2.2.3 Breakdown of Primary Interviews
2.2.2.4 Key Data from Primary Sources
2.3 Market Breakdown and Data Triangulation
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.4.3 Demand-Side Analysis
2.4.3.1 Calculations for Demand-Side Analysis
2.4.4 Supply-Side Analysis
2.4.4.1 Assumptions for Supply-Side Analysis
2.4.4.2 Calculations for Supply-Side Analysis
2.5 Growth Forecast Assumptions
2.5.1 Research Limitations
2.5.2 Risk Assessment
2.5.3 Impact of Recession on Bifacial Solar Market

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities for Players in Bifacial Solar Market
4.2 Bifacial Solar Market, by Region
4.3 Bifacial Solar Market, by Type
4.4 Bifacial Solar Market, by Frame Type
4.5 Bifacial Solar Market, by Cell Technology
4.6 Bifacial Solar Market, by Application

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Declining Costs of Bifacial Solar Panels
5.2.1.2 Higher Efficiency and Durability
5.2.2 Restraints
5.2.2.1 Complexity of Installations
5.2.2.2 Dependence on Albedo
5.2.3 Opportunities
5.2.3.1 Government Initiatives on Bifacial Solar Technology
5.2.3.2 Emergence of Advanced Technologies Such as Topcon and Ibc
5.2.4 Challenges
5.2.4.1 Grid Injection Challenges
5.2.4.2 Competition from Other Energy Sources
5.3 Trends/Disruptions Impacting Customers' Businesses
5.4 Pricing Analysis
5.4.1 Average Price Trend of Bifacial Solar, by Region
5.4.2 Indicative Price Trend of Bifacial Solar, by Cell Technology
5.5 Supply Chain Analysis
5.5.1 Raw Material Providers
5.5.2 Bifacial Solar Manufacturers
5.5.3 Bifacial Solar Suppliers
5.5.4 End-users
5.6 Ecosystem Analysis
5.7 Technology Analysis
5.7.1 Key Technologies
5.7.1.1 Monocrystalline
5.7.1.2 Polycrystalline
5.7.1.3 Nanocrystalline
5.7.2 Complementary Technologies
5.7.2.1 P-Type Solar Panels
5.7.2.2 N-Type Solar Panels
5.7.2.3 P-N Type Solar Panels
5.7.3 Adjacent Technologies
5.7.3.1 Monofacial Solar Panel
5.7.3.2 Perovskite Solar Cells
5.8 Case Study Analysis
5.8.1 Sharp Helped Big C Supermarket (Thailand) in Installation of Rooftop Solar Panels
5.8.2 Hewlett Packard (Hp) Installed Solar Panels on Its Rooftops with Help of Sharp (Japan)
5.8.3 Ashok Textiles' Strategies for Terrain-Driven Efficiency
5.9 Patent Analysis
5.9.1 List of Major Patents
5.10 Trade Analysis
5.10.1 HS Code 854143
5.10.1.1 Export Scenario
5.10.1.2 Import Scenario
5.10.2 HS Code 854142
5.10.2.1 Export Scenario
5.10.2.2 Import Scenario
5.11 Key Conferences and Events
5.12 Regulatory Landscape
5.12.1 Regulatory Bodies, Government Agencies, and Other Organizations
5.12.2 Bifacial Solar Market: Regulatory Framework
5.13 Porter's Five Forces Analysis
5.13.1 Threat of Substitutes
5.13.2 Bargaining Power of Suppliers
5.13.3 Bargaining Power of Buyers
5.13.4 Threat of New Entrants
5.13.5 Intensity of Competitive Rivalry
5.14 Key Stakeholders and Buying Criteria
5.14.1 Key Stakeholders in Buying Process
5.14.2 Buying Criteria
5.15 Investment and Funding Scenario

6 Bifacial Solar Market, by Power Capacity

6.1 Introduction
6.2 Upto 200 Wp
6.3 200-400 Wp
6.4 Above 400 Wp

7 Bifacial Solar Market, by Panel Type

7.1 Introduction
7.2 Monocrystalline
7.2.1 Longevity and Efficiency of Monocrystalline Solar Panels T0 Drive Market
7.3 Polycrystalline
7.3.1 Lowering Investment Barriers in Polysilicon Manufacturing to Fuel Market Growth

8 Bifacial Solar Market, by Frame Type

8.1 Introduction
8.2 Framed Bifacial Solar
8.2.1 Asia-Pacific to be Fastest-Growing Market for Framed Bifacial Solar
8.3 Frameless Bifacial Solar
8.3.1 Lower Maintenance Requirements in Extreme Weather Conditions to Fuel Market

9 Bifacial Solar Market, by Cell Technology

9.1 Introduction
9.2 Passivated Emitter and Rear Contact (Perc)
9.2.1 Strengthening Grid Stability with Community Solar and Perc Panels to Drive Market
9.3 Heterojunction (Hjt)
9.3.1 Innovations in Lid Resistance with Hjt Solar Cells to Fuel Market Growth
9.4 Topcon
9.4.1 Optimal Performance of Topcon Cells in Freezing Climates to Support Market Growth
9.5 Other Cell Technologies
9.5.1 Passivated Emitter Rear Locally-Diffused (Perl)
9.5.2 Interdigitated Back Contact (Ibc)
9.5.3 Passivated Emitter Rear Totally Diffused (Pert)

10 Bifacial Solar Market, by Application

10.1 Introduction
10.2 Residential
10.2.1 Asia-Pacific to be Largest Market for Bifacial Solar in Residential Sector
10.3 Commercial & Industrial
10.3.1 Rising Electricity Costs and Shift Towards Solar Power Technology to Fuel Market
10.4 Utilities
10.4.1 Environmental Benefits of Solar Power Plants to Support Market Growth

11 Bifacial Solar Market, by Region

11.1 Introduction
11.2 Asia-Pacific
11.2.1 Recession Impact: Asia-Pacific
11.2.2 By Type
11.2.3 By Frame Type
11.2.4 By Cell Technology
11.2.5 By Application
11.2.6 By Country
11.2.6.1 China
11.2.6.1.1 China to Remain Dominant Market in Asia-Pacific
11.2.6.2 Japan
11.2.6.2.1 Government Initiatives to Drive Market Growth
11.2.6.3 South Korea
11.2.6.3.1 Utilities Segment to be Largest End-user of Bifacial Solar
11.2.6.4 Australia
11.2.6.4.1 Commercial & Industrial Application to Register Highest CAGR During Forecast Period
11.2.6.5 India
11.2.6.5.1 Strong Government Initiatives for Renewable Energy to Drive Market
11.2.6.6 Rest of Asia-Pacific
11.3 North America
11.3.1 Recession Impact: North America
11.3.2 By Type
11.3.3 By Frame Type
11.3.4 By Cell Technology
11.3.5 By Application
11.3.6 By Country
11.3.6.1 US
11.3.6.1.1 Federal Policies Boosting Solar Energy Integration to Support Market Growth
11.3.6.2 Canada
11.3.6.2.1 Canada to Witness Scalable Production and Innovation in Solar Modules
11.3.6.3 Mexico
11.3.6.3.1 Utilities Segment to be Largest End-user of Bifacial Solar
11.4 Europe
11.4.1 Recession Impact: Europe
11.4.2 By Type
11.4.3 By Frame Type
11.4.4 By Cell Technology
11.4.5 By Application
11.4.6 By Country
11.4.6.1 Germany
11.4.6.1.1 Government Initiatives to Support Market Growth
11.4.6.2 Italy
11.4.6.2.1 Utilities to be Fastest-Growing Application of Bifacial Solar in Italy
11.4.6.3 Netherlands
11.4.6.3.1 Investments and Clean Energy Initiatives Fueling Market Growth
11.4.6.4 Spain
11.4.6.4.1 Energy Transformation Targets to Support Market Growth
11.4.6.5 France
11.4.6.5.1 Supportive Legislation to Drive Market Growth in France
11.4.6.6 Rest of Europe
11.5 Rest of the World
11.5.1 Recession Impact: North America
11.5.2 By Type
11.5.3 By Frame Type
11.5.4 By Cell Technology
11.5.5 By Application
11.5.6 By Country
11.5.6.1 Middle East & Africa
11.5.6.1.1 Increased Investments in Renewable Energy to Drive Market
11.5.6.2 South America
11.5.6.2.1 Brazil to be Major Driver of Bifacial Solar Market in South America

12 Competitive Landscape

12.1 Overview
12.2 Strategies Adopted by Key Players
12.3 Market Share Analysis
12.4 Market Evaluation Framework
12.5 Segmental Revenue Analysis of Top Market Players
12.6 Company Valuation and Financial Metrics
12.7 Brand/Product Comparison
12.8 Company Evaluation Matrix: Key Players, 2023
12.8.1 Stars
12.8.2 Emerging Leaders
12.8.3 Pervasive Players
12.8.4 Participants
12.8.5 Company Footprint, Key Players
12.8.5.1 Overall Footprint
12.8.5.2 Region Footprint
12.8.5.3 Type Footprint
12.8.5.4 Frame Type Footprint
12.8.5.5 Cell Technology Footprint
12.8.5.6 Panel Type Footprint
12.8.5.7 Application Footprint
12.9 Company Evaluation Matrix: Startups/SMEs, 2023
12.9.1 Progressive Companies
12.9.2 Responsive Companies
12.9.3 Dynamic Companies
12.9.4 Starting Blocks
12.9.5 Competitive Benchmarking: Startups/SMEs, 2023
12.9.5.1 List of Key Startups/SMEs
12.9.5.2 Competitive Benchmarking of Key Startups/SMEs
12.10 Competitive Scenario and Trends
12.10.1 Product Launches
12.10.2 Deals
12.10.3 Expansions
12.10.4 Others

13 Company Profiles

13.1 Key Players
13.1.1 Longi
13.1.1.1 Business Overview
13.1.1.2 Products/Solutions/Services Offered
13.1.1.3 Recent Developments
13.1.1.3.1 Product Launches
13.1.1.3.2 Deals
13.1.1.3.3 Others
13.1.1.4 Analyst's View
13.1.1.4.1 Right to Win
13.1.1.4.2 Strategic Choices
13.1.1.4.3 Weaknesses and Competitive Threats
13.1.2 Canadian Solar
13.1.2.1 Business Overview
13.1.2.2 Products/Solutions/Services Offered
13.1.2.3 Recent Developments
13.1.2.3.1 Product Launches
13.1.2.3.2 Deals
13.1.2.3.3 Expansions
13.1.2.3.4 Others
13.1.2.4 Analyst's View
13.1.2.4.1 Right to Win
13.1.2.4.2 Strategic Choices
13.1.2.4.3 Weaknesses and Competitive Threats
13.1.3 Trinasolar
13.1.3.1 Business Overview
13.1.3.2 Products/Solutions/Services Offered
13.1.3.3 Recent Developments
13.1.3.3.1 Product Launches
13.1.3.3.2 Deals
13.1.3.3.3 Expansions
13.1.3.3.4 Others
13.1.3.4 Analyst's View
13.1.3.4.1 Right to Win
13.1.3.4.2 Strategic Choices
13.1.3.4.3 Weaknesses and Competitive Threats
13.1.4 Sharp Corporation
13.1.4.1 Business Overview
13.1.4.2 Products/Solutions/Services Offered
13.1.4.3 Recent Developments
13.1.4.3.1 Product Launches
13.1.4.3.2 Deals
13.1.4.3.3 Others
13.1.4.4 Analyst's View
13.1.4.4.1 Right to Win
13.1.4.4.2 Strategic Choices
13.1.4.4.3 Weaknesses and Competitive Threats
13.1.5 Ja Solar Technology Co. Ltd.
13.1.5.1 Business Overview
13.1.5.2 Products/Solutions/Services Offered
13.1.5.3 Recent Developments
13.1.5.3.1 Product Launches
13.1.5.3.2 Deals
13.1.5.3.3 Others
13.1.5.4 Analyst's View
13.1.5.4.1 Right to Win
13.1.5.4.2 Strategic Choices
13.1.5.4.3 Weaknesses and Competitive Threats
13.1.6 Jinko Solar
13.1.6.1 Business Overview
13.1.6.2 Products/Solutions/Services Offered
13.1.6.3 Recent Developments
13.1.6.3.1 Product Launches
13.1.6.3.2 Deals
13.1.6.3.3 Expansions
13.1.6.3.4 Others
13.1.7 Adani Group
13.1.7.1 Business Overview
13.1.7.2 Products/Solutions/Services Offered
13.1.7.2.1 Product Launches
13.1.7.2.2 Deals
13.1.8 First Solar
13.1.8.1 Business Overview
13.1.8.2 Products/Solutions/Services Offered
13.1.8.3 Recent Developments
13.1.8.3.1 Deals
13.1.8.3.2 Expansions
13.1.8.3.3 Others
13.1.9 Renewsys India Pvt. Ltd.
13.1.9.1 Business Overview
13.1.9.2 Products/Solutions/Services Offered
13.1.9.3 Recent Developments
13.1.9.3.1 Product Launches
13.1.9.3.2 Deals
13.1.9.3.3 Expansions
13.1.10 Hanwha Qcells
13.1.10.1 Business Overview
13.1.10.2 Products/Services/Solutions Offered
13.1.10.3 Recent Developments
13.1.10.3.1 Deals
13.1.10.3.2 Expansions
13.1.10.3.3 Others
13.1.11 Talesun Solar Co. Ltd.
13.1.11.1 Business Overview
13.1.11.2 Products/Solutions/Services Offered
13.1.11.3 Recent Developments
13.1.11.3.1 Deals
13.1.11.3.2 Expansions
13.1.11.3.3 Others
13.1.12 Hd Hyundai Energy Solutions. Ltd.
13.1.12.1 Business Overview
13.1.12.2 Products/Solutions/Services Offered
13.1.12.3 Recent Developments
13.1.12.3.1 Expansions
13.1.13 Chint Group
13.1.13.1 Business Overview
13.1.13.2 Products/Services/Solutions Offered
13.1.13.3 Recent Developments
13.1.13.3.1 Deals
13.1.13.3.2 Others
13.1.14 Solaredge
13.1.14.1 Business Overview
13.1.14.2 Products/Services/Solutions Offered
13.1.15 Tata Power Solar Systems Ltd.
13.1.15.1 Business Overview
13.1.15.2 Products/Services/Solutions Offered
13.1.15.3 Recent Developments
13.1.15.3.1 Product Launches
13.1.15.3.2 Deals
13.1.15.3.3 Expansions
13.1.15.3.4 Others
13.2 Other Players
13.2.1 Znshine Pv-Tech Co. Ltd.
13.2.2 Yingli Solar
13.2.3 Wuxi Suntech Power Co. Ltd.
13.2.4 Crossroads Solar
13.2.5 Seg Solar
13.2.6 Neosun Inc.
13.2.7 Auxin Solar Inc.
13.2.8 Solitek
13.2.9 Saatvik Solar
13.2.10 Silfab Solar Inc.

14 Appendix

14.1 Insights from Industry Experts
14.2 Discussion Guide
14.3 Knowledgestore: Marketsandmarkets' Subscription Portal
14.4 Customization Options

List of Tables

Table 1 Bifacial Solar Market Snapshot
Table 2 Average Price Trend of Bifacial Solar, by Region, 2023-2029 (USD/Wp)
Table 3 Indicative Price Trend of Bifacial Solar, by Cell Technology, 2023-2029 (USD/Wp)
Table 4 Bifacial Solar Market: Companies and Their Roles in Ecosystem
Table 5 Bifacial Solar Market: Innovations and Patent Registrations, 2019-2023
Table 6 Export Data for HS Code 854143, by Country, 2022-2023 (USD Thousand)
Table 7 Import Scenario for HS Code 854143, by Country, 2022-2023 (USD Thousand)
Table 8 Export Data for HS Code 854142, by Country, 2022-2023 (USD Thousand)
Table 9 Import Scenario for HS Code 854142, by Country, 2022-2023 (USD Thousand)
Table 10 Bifacial Solar Market: List of Key Conferences and Events, 2023-2024
Table 11 Asia-Pacific: List of Regulatory Bodies, Government Agencies, And Other Organizations
Table 12 North America: List of Regulatory Bodies, Government Agencies, And Other Organizations
Table 13 Europe: List of Regulatory Bodies, Government Agencies, And Other Organizations
Table 14 RoW: List of Regulatory Bodies, Government Agencies, And Other Organizations
Table 15 Bifacial Solar Market: Regulations
Table 16 Bifacial Solar Market: Porter's Five Forces Analysis
Table 17 Influence of Stakeholders on Buying Process, by Type
Table 18 Key Buying Criteria in Top 3 Applications
Table 19 Companies Offering Bifacial Modules Up to 200 Wp
Table 20 Companies Offering 200-400 Wp Bifacial Modules
Table 21 Companies Offering Above 400 Wp Bifacial Modules
Table 22 Bifacial Solar Market, by Frame Type, 2019-2023 (USD Million)
Table 23 Bifacial Solar Market, by Frame Type, 2024-2029 (USD Million)
Table 24 Framed Bifacial Solar Market, by Region, 2019-2023 (USD Million)
Table 25 Framed Bifacial Solar Market, by Region, 2024-2029 (USD Million)
Table 26 Frameless Bifacial Solar Market, by Region, 2019-2023 (USD Million)
Table 27 Frameless Bifacial Solar Market, by Region, 2024-2029 (USD Million)
Table 28 Bifacial Solar Market, by Cell Technology, 2019-2023 (USD Million)
Table 29 Bifacial Solar Market, by Cell Technology, 2024-2029 (USD Million)
Table 30 Passivated Emitter and Rear Cell (Perc): Bifacial Solar Market, by Region, 2019-2023 (USD Million)
Table 31 Passivated Emitter and Rear Cell (Perc): Bifacial Solar Market, by Region, 2024-2029 (USD Million)
Table 32 Heterojunction (Hjt): Bifacial Solar Market, by Region, 2019-2023 (USD Million)
Table 33 Heterojunction (Hjt): Bifacial Solar Market, by Region, 2024-2029 (USD Million)
Table 34 Topcon: Bifacial Solar Market, by Region, 2019-2023 (USD Million)
Table 35 Topcon: Bifacial Solar Market, by Region, 2024-2029 (USD Million)
Table 36 Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 37 Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 38 Residential: Bifacial Solar Market, by Region, 2019-2023 (USD Million)
Table 39 Residential: Bifacial Solar Market, by Region, 2024-2029 (USD Million)
Table 40 Commercial & Industrial: Bifacial Solar Market, by Region, 2019-2023 (USD Million)
Table 41 Commercial & Industrial: Bifacial Solar Market, by Region, 2024-2029 (USD Million)
Table 42 Utilities: Bifacial Solar Market, by Region, 2019-2023 (USD Million)
Table 43 Utilities: Bifacial Solar Market, by Region, 2024-2029 (USD Million)
Table 44 Bifacial Solar Market, by Region, 2019-2023 (USD Million)
Table 45 Bifacial Solar Market, by Region, 2024-2029 (USD Million)
Table 46 Bifacial Solar Market, by Region, 2019-2023 (Mw)
Table 47 Bifacial Solar Market, by Region, 2024-2029 (Mw)
Table 48 Asia-Pacific: Bifacial Solar Market, by Type, 2019-2023 (USD Million)
Table 49 Asia-Pacific: Bifacial Solar Market, by Type, 2024-2029 (USD Million)
Table 50 Asia-Pacific: Bifacial Solar Market, by Frame Type, 2019-2023 (USD Million)
Table 51 Asia-Pacific: Bifacial Solar Market, by Frame Type, 2024-2029 (USD Million)
Table 52 Asia-Pacific: Bifacial Solar Market, by Cell Technology, 2019-2023 (USD Million)
Table 53 Asia-Pacific: Bifacial Solar Market, by Cell Technology, 2024-2029 (USD Million)
Table 54 Asia-Pacific: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 55 Asia-Pacific: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 56 Asia-Pacific: Bifacial Solar Market, by Country, 2019-2023 (USD Million)
Table 57 Asia-Pacific: Bifacial Solar Market, by Country, 2024-2029 (USD Million)
Table 58 Asia-Pacific: Bifacial Solar Market, by Country, 2019-2023 (Mw)
Table 59 Asia-Pacific: Bifacial Solar Market, by Country, 2024-2029 (Mw)
Table 60 China: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 61 China: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 62 Japan: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 63 Japan: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 64 South Korea: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 65 South Korea: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 66 Australia: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 67 Australia: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 68 India: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 69 India: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 70 Rest of Asia-Pacific: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 71 Rest of Asia-Pacific: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 72 North America: Bifacial Solar Market, by Type, 2019-2023 (USD Million)
Table 73 North America: Bifacial Solar Market, by Type, 2024-2029 (USD Million)
Table 74 North America: Bifacial Solar Market, by Frame Type, 2019-2023 (USD Million)
Table 75 North America: Bifacial Solar Market, by Frame Type, 2024-2029 (USD Million)
Table 76 North America: Bifacial Solar Market, by Cell Technology, 2019-2023 (USD Million)
Table 77 North America: Bifacial Solar Market, by Cell Technology, 2024-2029 (USD Million)
Table 78 North America: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 79 North America: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 80 North America: Bifacial Solar Market, by Country, 2019-2023 (USD Million)
Table 81 North America: Bifacial Solar Market, by Country, 2024-2029 (USD Million)
Table 82 North America: Bifacial Solar Market, by Country, 2019-2023 (Mw)
Table 83 North America: Bifacial Solar Market, by Country, 2024-2029 (Mw)
Table 84 US: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 85 US: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 86 Canada: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 87 Canada: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 88 Mexico: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 89 Mexico: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 90 Europe: Bifacial Solar Market, by Type, 2019-2023 (USD Million)
Table 91 Europe: Bifacial Solar Market, by Type, 2024-2029 (USD Million)
Table 92 Europe: Bifacial Solar Market, by Frame Type, 2019-2023 (USD Million)
Table 93 Europe: Bifacial Solar Market, by Frame Type, 2024-2029 (USD Million)
Table 94 Europe: Bifacial Solar Market, by Cell Technology, 2019-2023 (USD Million)
Table 95 Europe: Bifacial Solar Market, by Cell Technology, 2024-2029 (USD Million)
Table 96 Europe: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 97 Europe: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 98 Europe: Bifacial Solar Market, by Country, 2019-2023 (USD Million)
Table 99 Europe: Bifacial Solar Market, by Country, 2024-2029 (USD Million)
Table 100 Europe: Bifacial Solar Market, by Country, 2019-2023 (Mw)
Table 101 Europe: Bifacial Solar Market, by Country, 2024-2029 (Mw)
Table 102 Germany: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 103 Germany: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 104 Italy: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 105 Italy: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 106 Netherlands: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 107 Netherlands: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 108 Spain: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 109 Spain: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 110 France: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 111 France: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 112 Rest of Europe: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 113 Rest of Europe: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 114 Rest of the World: Bifacial Solar Market, by Type, 2019-2023 (USD Million)
Table 115 Rest of the World: Bifacial Solar Market, by Type, 2024-2029 (USD Million)
Table 116 Rest of the World: Bifacial Solar Market, by Frame Type, 2019-2023 (USD Million)
Table 117 Rest of the World: Bifacial Solar Market, by Frame Type, 2024-2029 (USD Million)
Table 118 Rest of the World: Bifacial Solar Market, by Cell Technology, 2019-2023 (USD Million)
Table 119 Rest of the World: Bifacial Solar Market, by Cell Technology, 2024-2029 (USD Million)
Table 120 Rest of the World: Bifacial Solar Market, by Application, 2019-2023 (USD Million)
Table 121 Rest of the World: Bifacial Solar Market, by Application, 2024-2029 (USD Million)
Table 122 Rest of the World: Bifacial Solar Market, by Country, 2019-2023 (USD Million)
Table 123 Rest of the World: Bifacial Solar Market, by Country, 2024-2029 (USD Million)
Table 124 Rest of the World: Bifacial Solar Market, by Country, 2019-2023 (Mw)
Table 125 Rest of the World: Bifacial Solar Market, by Country, 2024-2029 (Mw)
Table 126 Bifacial Solar Market: Overview of Strategies Adopted by Key Players, 2019-2024
Table 127 Bifacial Solar Market: Degree of Competition, 2023
Table 128 Market Evaluation Framework, 2019-2023
Table 129 Bifacial Solar Market: Regional Footprint, 2023
Table 130 Bifacial Solar Market: Type Footprint, 2023
Table 131 Bifacial Solar Market: Frame Type Footprint, 2023
Table 132 Bifacial Solar Market: Cell Technology Footprint
Table 133 Bifacial Solar Market: Panel Type Footprint
Table 134 Bifacial Solar Market: Application Footprint
Table 135 Bifacial Solar Market: List of Key Startups/SMEs
Table 136 Bifacial Solar Market: Competitive Benchmarking of Startups/SMEs
Table 137 Bifacial Solar Market: Product Launches, January 2019-March 2024
Table 138 Bifacial Solar Market: Deals, January 2019-March 2024
Table 139 Bifacial Solar Market: Expansions, January 2019-March 2024
Table 140 Bifacial Solar Market: Others, January 2019-March 2024
Table 141 Longi: Company Overview
Table 142 Longi: Products/Solutions/Services Offered
Table 143 Longi: Product Launches
Table 144 Longi: Deals
Table 145 Longi: Others
Table 146 Canadian Solar: Company Overview
Table 147 Canadian Solar: Products/Solutions/Services Offered
Table 148 Canadian Solar: Product Launches
Table 149 Canadian Solar: Deals
Table 150 Canadian Solar: Expansions
Table 151 Canadian Solar: Others
Table 152 Trinasolar: Company Overview
Table 153 Trinasolar: Products/Solutions/Services Offered
Table 154 Trinasolar: Product Launches
Table 155 Trinasolar: Deals
Table 156 Trinasolar: Expansions
Table 157 Trinasolar: Others
Table 158 Sharp Corporation: Company Overview
Table 159 Sharp Corporation: Products/Solutions/Services Offered
Table 160 Sharp Corporation: Product Launches
Table 161 Sharp Corporation: Deals
Table 162 Sharp Corporation: Others
Table 163 Ja Solar Technology Co. Ltd.: Company Overview
Table 164 Ja Solar Technology Co. Ltd.: Products/Solutions/Services Offered
Table 165 Ja Solar Technology Co. Ltd.: Product Launches
Table 166 Ja Solar Technology Co. Ltd.: Deals
Table 167 Ja Solar Technology Co. Ltd.: Others
Table 168 Jinko Solar: Company Overview
Table 169 Jinko Solar: Products/Solutions/Services Offered
Table 170 Jinko Solar: Product Launches
Table 171 Jinko Solar: Deals
Table 172 Jinko Solar: Expansions
Table 173 Jinko Solar: Others
Table 174 Adani Group: Company Overview
Table 175 Adani Group: Products/Solutions/Services Offered
Table 176 Adani Group: Product Launches
Table 177 Adani Group: Deals
Table 178 First Solar: Company Overview
Table 179 First Solar: Products/Solutions/Services Offered
Table 180 First Solar: Deals
Table 181 First Solar: Expansions
Table 182 First Solar: Others
Table 183 Renewsys India Pvt. Ltd.: Business Overview
Table 184 Renewsys India Pvt. Ltd.: Products/Solutions/Services Offered
Table 185 Renewsys India Pvt. Ltd.: Product Launches
Table 186 Renewsys India Pvt. Ltd.: Deals
Table 187 Renewsys India Pvt. Ltd.: Expansions
Table 188 Hanwha Qcells: Company Overview
Table 189 Hanwha Qcells: Products/Solutions/Services Offered
Table 190 Hanwha Qcells: Deals
Table 191 Hanwha Qcells: Expansions
Table 192 Hanwha Qcells: Others
Table 193 Talesun Solar Co. Ltd.: Company Overview
Table 194 Talesun Solar Co. Ltd.: Products/Solutions/Services Offered
Table 195 Talesun Solar Co. Ltd.: Deals
Table 196 Talesun Solar Co. Ltd.: Expansions
Table 197 Talesun Solar Co. Ltd.: Others
Table 198 Hd Hyundai Energy Solutions. Ltd.: Company Overview
Table 199 Hyundai Energy Solutions. Ltd.: Products/Solutions/Services Offered
Table 200 Hd Hyundai Energy Ssolutions. Ltd.: Expansions
Table 201 Chint Group: Company Overview
Table 202 Chint Group: Products/Solutions/Services Offered
Table 203 Chint Group: Deals
Table 204 Chint Group: Others
Table 205 Solaredge: Company Overview
Table 206 Solaredge: Products/Solutions/Services Offered
Table 207 Tata Power Solar Systems Ltd.: Company Overview
Table 208 Tata Power Solar Systems Ltd.: Products/Solutions/Services Offered
Table 209 Tata Power Solar Systems Ltd.: Product Launches
Table 210 Tata Power Solar Systems Ltd.: Deals
Table 211 Tata Power Solar Systems Ltd.: Expansions
Table 212 Tata Power Solar Systems Ltd.: Others

List of Figures

Figure 1 Bifacial Solar Market: Research Design
Figure 2 Bifacial Solar Market: Data Triangulation
Figure 3 Bifacial Solar Market: Bottom-Up Approach
Figure 4 Bifacial Solar Market: Top-Down Approach
Figure 5 Bifacial Solar Market: Demand-Side Analysis
Figure 6 Key Metrics Considered for Assessing Supply of Bifacial Solar Panels
Figure 7 Bifacial Solar Market: Supply-Side Analysis
Figure 8 Market Share Analysis of Bifacial Solar Market, 2023
Figure 9 Asia-Pacific Accounted for Largest Share in Bifacial Solar Market in 2023
Figure 10 Dual-Glass Segment to Lead Bifacial Solar Market During Forecast Period
Figure 11 Framed Segment to Register Higher Growth in Bifacial Solar Market During Forecast Period
Figure 12 Passivated Emitter Rear Contact (Perc) Segment to Dominate Bifacial Solar Market
Figure 13 Utilities Segment to be Largest Application of Bifacial Solar During Forecast Period
Figure 14 Decreasing Cost of Solar Systems to Boost Market Growth Between 2023 and 2029
Figure 15 Asia-Pacific to Witness Highest Growth During Forecast Period
Figure 16 Dual-Glass Segment to Account for Larger Market Share
Figure 17 Framed Segment to Account for Dominant Share During Forecast Period
Figure 18 Passivated Emitter Rear Contact (Perc) Segment to Account For Largest Share in Bifacial Solar Market
Figure 19 Utilities Segment to be Largest Application of Bifacial Solar
Figure 20 Bifacial Solar Market: Drivers, Restraints, Opportunities, And Challenges
Figure 21 Remuneration Settings for Utility-Scale Renewable Projects
Figure 22 Renewable Electricity Capacity Addition
Figure 23 Trends/Disruptions Impacting Customers' Businesses
Figure 24 Average Price Trend of Bifacial Solar, by Region, 2023-2029 (USD/Wp)
Figure 25 Indicative Price Trend of Bifacial Solar, by Cell Technology, 2023-2029 (USD/Wp)
Figure 26 Bifacial Solar Market: Supply Chain Analysis
Figure 27 Ecosystem Map
Figure 28 Bifacial Solar Market: Innovations and Patent Registrations, 2013-2023
Figure 29 Export Data for HS Code 854143 for Top Five Countries, 2022-2023 (USD Thousand)
Figure 30 Import Data for HS Code 854143 for Top Five Countries, 2022-2023 (USD Thousand)
Figure 31 Export Data for HS Code 854142 for Top Five Countries, 2022-2023 (USD Thousand)
Figure 32 Import Data for HS Code 854142 for Top Five Countries, 2022-2023 (USD Thousand)
Figure 33 Bifacial Solar Market: Porter's Five Forces Analysis
Figure 34 Influence of Key Stakeholders on Buying Process, by Type
Figure 35 Key Buying Criteria for Bifacial Solar
Figure 36 Investment and Funding Scenario (USD Million)
Figure 37 Bifacial Solar Market, by Frame Type (2023)
Figure 38 Bifacial Solar Market, by Cell Technology (2023)
Figure 39 Bifacial Solar Market, by Application (2023)
Figure 40 Asia-Pacific to Register Highest CAGR in Bifacial Solar Market During Forecast Period
Figure 41 Bifacial Solar Market Share, by Region (2023)
Figure 42 Asia-Pacific: Bifacial Solar Market Snapshot
Figure 43 North America: Bifacial Solar Market Snapshot
Figure 44 Bifacial Solar Market Share Analysis, 2023
Figure 45 Bifacial Solar Market: Segmental Revenue Analysis, 2019-2023
Figure 46 Bifacial Solar Market: Company Valuation, 2024
Figure 47 Bifacial Solar Market: Financial Metrics, 2024
Figure 48 Bifacial Solar Market: Comparative Analysis of Brand/Product
Figure 49 Bifacial Solar Market: Company Evaluation Matrix (Key Players), 2023
Figure 50 Bifacial Solar Market: Product Footprint, 2023
Figure 51 Bifacial Solar Market: Market Footprint, 2023
Figure 52 Bifacial Solar Market: Company Evaluation Matrix (Startups/SMEs), 2023
Figure 53 Longi: Company Snapshot
Figure 54 Candian Solar: Company Snapshot
Figure 55 Trinasolar: Company Snapshot
Figure 56 Sharp Corporation: Company Snapshot
Figure 57 Ja Solar Technology Co. Ltd.: Company Snapshot
Figure 58 Jinko Solar: Company Snapshot
Figure 59 Adani Group: Company Snapshot
Figure 60 First Solar: Company Snapshot
Figure 61 Solar Edge: Company Snapshot

Companies Mentioned

Longi
Canadian Solar
Trinasolar
Sharp Corporation
Ja Solar Technology Co. Ltd.
Jinko Solar
Adani Group
First Solar
Renewsys India Pvt. Ltd.
Hanwha Qcells
Talesun Solar Co. Ltd.
Hd Hyundai Energy Solutions. Ltd.
Chint Group
Solaredge
Tata Power Solar Systems Ltd.
Znshine Pv-Tech Co. Ltd.
Yingli Solar
Wuxi Suntech Power Co. Ltd.
Crossroads Solar
Seg Solar
Neosun Inc.
Auxin Solar Inc.
Solitek
Saatvik Solar
Silfab Solar Inc.

Table Information

Report Attribute	Details
No. of Pages	326
Published	July 2024
Forecast Period	2024 - 2029
Estimated Market Value ( USD ) in 2024	$ 18.5 Billion
Forecasted Market Value ( USD ) by 2029	$ 37.6 Billion
Compound Annual Growth Rate	15.2%
Regions Covered	Global
No. of Companies Mentioned	25

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€4624EUR$4,950USD£3,902GBP
1 - 5 USER LICENSE PDF	The product is a PDF.	This is a 1-5 user license, allowing up to five users have access to the product.	€6212EUR$6,650USD£5,242GBP
SITE LICENSE PDF	The product is a PDF.	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€7613EUR$8,150USD£6,424GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€9341EUR$10,000USD£7,882GBP

Global Bifacial Solar Market by Type (Dual-Glass, Glass-Backsheet), Frame Type (Framed, Frameless), Cell Technology (Passivated Emitter Rear Contact, Heterojunction, TOPCon), Application (Residential, Commercial & Industrial, Utilities) - Forecast to 2029

Passivated Emitter Rear Contact (PERC): The largest segment of the bifacial solar market, by cell technology

By type, the Glass-backsheet Bifacial Solar segment is expected to be the second largest segment during the forecast period

Asia Pacific is expected to be the largest region in the bifacial solar market

Breakdown of Primaries

Research Coverage

Key Benefits of Buying the Report

Table of Contents

Companies Mentioned

Table Information

Passivated Emitter Rear Contact (PERC): The largest segment of the bifacial solar market, by cell technology

By type, the Glass-backsheet Bifacial Solar segment is expected to be the second largest segment during the forecast period

Asia Pacific is expected to be the largest region in the bifacial solar market

Breakdown of Primaries

Research Coverage

Key Benefits of Buying the Report

Table of Contents

Companies Mentioned

Table Information

Related Topics

Related Reports

Global Bifacial Solar Market

Solar Encapsulation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

Double Axis Solar Tracker Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028

Solar Energy Global Market Report 2024

Global Solar Photovoltaic Glass Market by Type (AR-Coated, Tempered, TCO-Coated), Application, End-user (Crystalline Silicon PV Module, Thin Film Module, Perovskite Module), Installation Technology & Region - Forecast to 2028