Press release
Bifacial Solar Market Anticipated To Witness Robust Growth, Surpassing $17.63 Billion By 2029
Bifacial Solar
What Is the Current Bifacial Solar Market Size and Its Estimated Growth Rate?
The bifacial solar market size has experienced rapid growth in recent years. It will increase from $9.14 billion in 2024 to $10.45 billion in 2025, with a CAGR of 14.4%. This rise is attributed to advancements in solar technology, government incentives, declining solar panel costs, growing renewable energy awareness, and substantial investments in research and development.
The bifacial solar market is expected to grow to $17.63 billion by 2029 at a CAGR of 14.0%. This growth is driven by renewable energy installations, green energy investments, and technological advancements in solar technology. Key trends include higher efficiency, wider adoption, and integration with other renewable technologies.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18253
How Are Emerging Segments Shaping the Bifacial Solar Market Landscape?
The bifacial solar market covered in this report is segmented -
1) By Type: Monocrystalline Bifacial Solar Panels, Polycrystalline Bifacial Solar Panels, Thin-Film Bifacial Solar Panels
2) By Installation: Ground-Mounted Bifacial Solar Panels, Rooftop Bifacial Solar Panels
3) By Cell Type: Passivated Emitter Rear Cell, Heterojunction, Other Cell Types
4) By End-User: Utility-Scale Solar Projects, Commercial And Industrial (C And I) Sector, Residential Sector
Subsegments:
1) By Monocrystalline Bifacial Solar Panels: High-Efficiency Monocrystalline Bifacial Panels, PERC (Passivated Emitter and Rear Contact) Monocrystalline Bifacial Panels, Dual-Glass Monocrystalline Bifacial Panels
2) By Polycrystalline Bifacial Solar Panels: Standard Polycrystalline Bifacial Panels, Dual-Glass Polycrystalline Bifacial Panels, High-Performance Polycrystalline Bifacial Panels
3) By Thin-Film Bifacial Solar Panels: Amorphous Silicon Bifacial Panels, Cadmium Telluride (CdTe) Bifacial Panels, Copper Indium Gallium Selenide (CIGS) Bifacial Panels
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18253&type=smp
Which Growth Factors Are Influencing Bifacial Solar Market Expansion?
The bifacial solar market is poised to grow due to the increasing demand for solar-based electricity. Solar power, generated through photovoltaic cells or solar thermal systems, is becoming more popular as concerns about the environment and the shift toward renewable energy sources to combat climate change rise. Bifacial solar panels enhance solar power generation by capturing sunlight from both sides, increasing energy yield. The Energy Information Administration (EIA) reported in January 2024 that U.S. solar generation is projected to rise by 75%, from 163 billion kWh in 2023 to 286 billion kWh by 2025. This growing demand for solar energy is driving the bifacial solar market.
Who Are the Dominant Players Across Different Bifacial Solar Market Segments?
Major companies operating in the bifacial solar market are Reliance Industries Ltd, LG Electronics, LONGi Green Energy Technology Co. Ltd., Sharp Corporation, Trina Solar Co Ltd, Jinko Solar Holdings, JA Solar Technology Co. Ltd., Hanwha Solutions, Canadian Solar Inc., Risen Energy, First Solar Inc, Sun Power Corporation, GCL System Integration Technology Co Ltd, Wuxi Suntech Power Co. Ltd., Adani Green Energy Ltd, Zhongli Talesun Solar Co. Ltd, SoliTek, Seraphim Solar System Co. Ltd., Jiangsu Sunport Power Corp. Ltd., Yingli Green Energy Holding Co Ltd
What Trends Are Driving Growth in The Bifacial Solar Market?
Companies in the bifacial solar market are advancing bifacial solar technology to gain a competitive edge. In April 2024, Adani Solar, an Indian company, launched the 575 W TOPCon bifacial PV module. This module, which captures sunlight from both sides for enhanced efficiency, is designed to support high-demand solar projects globally, with a power output range from 550 W to 575 W.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/bifacial-solar-global-market-report
Which Geographic Regions Are Expected to Dominate the Bifacial Solar Market in the Coming Years?
North America was the largest region in the bifacial solar market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bifacial solar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Bifacial Solar Market?
2. What is the CAGR expected in the Bifacial Solar Market?
3. What Are the Key Innovations Transforming the Bifacial Solar Industry?
4. Which Region Is Leading the Bifacial Solar Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bifacial Solar Market Anticipated To Witness Robust Growth, Surpassing $17.63 Billion By 2029 here
News-ID: 4035223 • Views: …
More Releases from The Business Research Company
Programming Software Market Forecast 2025-2034: Comprehensive Analysis And Growt …
The Programming Software Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Programming Software Market?
The programming software market has expanded rapidly in recent years. It will grow from $2.04 billion in 2024 to $2.36 billion in 2025, reflecting a…
Boom In Global Travel Fuels Expansion Of Private Jet Charter Services: A Signifi …
The Private Jet Charter Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Private Jet Charter Services Market Size and Projected Growth Rate?
The private jet charter services market has grown rapidly in recent years. It is expected to increase from $21.24 billion…
Pressure Ulcers Treatment Industry Report 2025-2034: Market Dynamics, Trends, An …
The Pressure Ulcers Treatment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Pressure Ulcers Treatment Market Size During the Forecast Period?
The pressure ulcers treatment market has grown significantly in recent years. It is expected to grow from $5.38 billion in 2024…
Impact Of Surgical Procedure Growth On Powered Surgical Handpieces Market: A Key …
The Powered Surgical Handpieces Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Powered Surgical Handpieces Market Size and Its Estimated Growth Rate?
The powered surgical handpieces market has grown steadily in recent years. It will increase from $2.17 billion in 2024 to…
More Releases for Bifacial
Bifacial Solar Panels Market Growth Involving Prominent Players, Type, Applicati …
The "Global Bifacial Solar Panels Market Analysis to 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The bifacial solar panels market report aims to provide an overview of the bifacial solar panels market with detailed market segmentation by type, application, and geography. The global bifacial solar panels market is expected to witness high growth during…
Bifacial Solar Panel Market Size, Analysis, and Forecast Report 2022-2030
The latest study released on the Global Bifacial Solar Panel Market evaluates market size, trend, and forecast to 2030. It offers the latest information and insightful analysis on the sector, allowing you to optimise your company plan and assure long-term revenue development. It explains existing and future market circumstances as well as the competitive dynamics of the Bifacial Solar Panel industry. The research report's market segmentation analysis depicts the performance…
Bifacial Module Market Report- Trends, Growth Demand, Opportunities & Forecast | …
The Global Bifacial Module Market research report covers comprehensive top research. This is accompanied with in depth examination of Qualitative and Quantitative outlooks by different industry specialists and significant opinion mentors to gain profounder visions into the Bifacial Module Market and industry performance. Furthermore, report provides detailed information about the strategies of the top companies in the industry, along with a broad study of the different Bifacial Module Market segments…
Bifacial Solar Market - Global Analysis, Research, Review, Applications and Fore …
Market Highlights
Global Bifacial Solar Market is expected to grow at a CAGR of 16.82% during the forecast period 2020–2026. Bifacial solar modules have solar cells on the front and back of the panel. A bifacial solar module works best with the ground-mount installation. The top of each solar module in a bifacial solar unit is covered in protective glass. The bifacial solar cells are more efficient as the solar tracking…
Bifacial Solar Panel Market Boosting Technologies, Industry Growth Analysis, Dem …
Description
The global bifacial solar panel market size is anticipated to project a CAGR of 28.9% during the forecast period (2021-2027). According to the Wood Mackenzie Power & Renewables report, the installed capacity of bifacial grew from around 97 MW globally in 2016 to more than 2,600 MW in 2018. It is projected to reach 32,000 MW in 2027. In addition, the recent data by Infolink expects global bifacial demand to…
Bifacial Solar Panels Market Report to Cover Industrial Chain Analysis, Manufact …
Bifacial solar panels soak in light that comes from the front and rear side, thus enabling the usage of diffused light as well as albedo light. Albedo light is that part of the light that is reflected by a surface. The efficiency can reach approximately 30% and it depends on various factors, namely, the reflectivity of the ground surface, height above ground, and tilt angle. The scattered light that enters…
