Why the Bifacial Solar Panels Market is set to explode? Top Companies : Canadian Solar Inc., LG Electronics, Trina Solar, Jinko Solar Co., Ltd., Adani Solar, Suntech, Yingli Solar, Sunpreme Inc., Prism Solar Technologies, Inc., Ankara Solar Enerji A?, AE

The global bifacial solar panels market is likely to gain momentum from a rise in the demand for electricity from industrial and commercial sectors. According to an upcoming report by Fortune Business Insights, titled, "Bifacial Solar Panels" Market Size, Share and Global Trend by Type (Monocrystalline Solar Panels, Polycrystalline Solar Panels, Thin-film Solar Panels), by Application (Residential, Commercial) and by Geography Forecast till 2026," various small, medium, and big enterprises are coming up with solar modules that are infused with the latest technology. They are aiming to increase the global bifacial solar panels market sales by focusing on design, cost, and efficiency of the solar panels.

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The report classifies the global bifacial solar panels market on the basis of type, application, and geography. In terms of type, the market is segmented into polycrystalline solar panels, monocrystalline solar panels, and thin-film solar panels. Amongst these, the monocrystalline panel offers more energy-efficiency than the other two solar panels. This, combined with the high cost, makes it preferable for usage in commercial projects. Polycrystalline solar panels, on the other hand, are cost-effective and hence, are used more in residential projects.

Top Players

o Prism Solar
o Lumos Solar
o Ankara Solar
o Sunpreme
o Suntech Power
o LG Electronics
o LONGi Solar
o Trina Solar
o SP Enerji
o Adani Solar
o Yingli Solar
o AE Solar
o JA Solar
o SoliTek
o Jinko Solarm
o Canadian Solar Inc.

Important Features that are under Offering and Key Highlights of the Market Report:

o Detailed overview of Market Share
o Changing market dynamics of the industry
o In-depth market segmentation by Type, Application, etc.
o Historical, current and projected market size in terms of volume and value
o Recent industry trends and developments
o Competitive landscape of Market
o Strategies of key players and product offerings
o Potential and niche segments/regions exhibiting promising market growth

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Increasing Number of Planned Solar Projects to Favor Growth in Asia Pacific

The global bifacial solar panels market is geographically segmented into Europe, the Middle East and Africa, Asia Pacific, North America, and Latin America. Amongst these areas, North America and Europe are anticipated to lead the bifacial solar panels market. This is because of a rise in the investment by numerous enterprises in solar projects in these regions. They will acquire a notable share of the market in the forthcoming years. In Asia Pacific, countries, such as Indonesia, Australia, and China will have a huge potential to gain the largest market opportunity during the forecast period. This will occur due to the planned solar projects that are likely to begin during the forthcoming years. Asia Pacific will be followed by the Middle East and Africa as well as Latin America.

Market Landscape and Market Scenario Includes:

o Current market size estimate
o Revenues by players Top Companies
o Market size by product categories
o Market size by regions/country
Key Industry Developments
o In Feb 2020, LONGi Solar has bagged a contract to supply bifacial PERC modules for the largest solar project to be built in Mitchell County, Georgia, with a capacity of 224 MW. The project is expected to come online by the end of 2020
o In Feb 2020, Sunpreme, Inc. and Tigo Energy, Inc. has announced the completion of commercial solar installation on smart bifacial solar panels in California's largest contiguous solar carport structures in the bay area
o In Jan 2017, Suntech Power has signed a strategic cooperation agreement with Jolywood Solar Technology to bring high-efficiency N-type bifacial solar module to the market

Suntech Power, LONGi Solar, and Other Key Players to Focus on Strategic Collaboration and Contract Acquirement to Gain Competitive Edge

Suntech Power, a producer of solar panels, headquartered in China, announced that it has signed a strategic cooperation agreement with Jolywood Solar Technology, a prominent producer of PV, bifacial solar cell, solar module, and more, based in Taizhou, in January 2017. The agreement was signed with the aim to bring high-efficiency N-type bifacial in the global market. According to Suntech, there has been a rapid rise in the homogenization of PV market. This has further resulted in the product and technological innovations which are necessary for sustainable development. N-type bifacial solar cells have several advantages, namely, low LID, double side power generation, impressive weak light performance, and high efficiency.
Sunpreme, Inc., solar PV manufacturer, announced that it has completed the commercial rooftop and carport solar system installation at a shopping center in California with the assistance of Tigo Energy, Inc. in January 2020. The system includes Tigo TS4-L (Long Strings) Optimizers integrated with Sunpreme's award winning GxB380 SM Bifacial PV Panels.

Queries Addressed In Market Report:

o What opportunities are present for the market players to enhance their business footprint?
o What manufacturing techniques are being implemented in the development of advanced Construction Equipment?
o Which segment is witnessing huge traction from the consumers?
o For what purposes, is the market being utilized?
o How many units are estimated to be sold in 2020?

Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/bifacial-solar-panels-market-100291

LONGi Solar, a manufacturer of high-efficiency mono-crystalline solar cells and modules, headquartered in China, acquired a contract in February 2020. According to the contract, the company will supply 224MW bifacial PERC modules for the largest solar project that will be built in Mitchell County. The entire project is anticipated to be completed by 2020. It will aid in providing electricity to more than 30,000 households.

Key Market Driver - Increasing demand of electricity
Key Market Restraint - High installation cost

Key Segmental Overview:

1. By Type
o Monocrystalline Solar Panels
o Polycrystalline Solar Panels
o Thin-film Solar Panels
2. By Application
o Residential
o Commercial
o Others
3. By Geography
o North America (USA and Canada)
o Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
o Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Key Features of Market Research Report:

o This report provides detail analysis of the Bifacial Solar Panels market and have a comprehensive understanding of the market and its commercial landscape.
o Learn about the various market strategies that are being adopted by leading companies.
o It provides a five-year forecast assessed based on how the market is predicted to grow.
o It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
o To understand the future scope and outlooks for the Bifacial Solar Panels market.
o Market Forecast by regions, type and application, with sales and revenue, from 2020 to 2026.
o Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
o Market Size (sales, revenue) forecast by regions and countries from 2020 to 2023 of industry.
o The global market Growth is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2023. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
o Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.
o Market Report also mentions market share accrued by each product in the market, along with the production growth.

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/bifacial-solar-panels-market-100291

Major Table of Content For Bifacial Solar Panels Market:

1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Bifacial Solar Panels Market Analysis, Insights and Forecast, 2026
6. North America Bifacial Solar Panels Market Analysis, Insights and Forecast, 2026
7. Europe Bifacial Solar Panels Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Bifacial Solar Panels Market Analysis, Insights and Forecast, 2026
9. The Middle East and Africa Bifacial Solar Panels Market Analysis, Insights and Forecast, 2026
10. Latin America Bifacial Solar Panels Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion

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