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
2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Inkjet Coder Market Through 2025?
Strong growth has been witnessed in recent years in the inkjet coder market. It is projected that this market will expand from $2.11 billion in 2024 to $2.27 billion in 2025, experiencing a compound annual growth rate…
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Industrial Cooking Fire Protection Systems For Food Manufacturing Industry Market Size Be by 2025?
Over the past few years, the market size for industrial cooking fire protection systems used in food manufacturing has seen a consistent growth. It is projected that the market value will grow…
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from I …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the High Speed Engine Market Size By 2025?
The market for high speed engines has seen considerable growth in the last few years. The market which is valued at $24.17 billion in 2024 is predicted to reach $25.58 billion in 2025, experiencing a Compound Annual Growth…
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Evaporative Cooling Market Size Growth Forecast: What to Expect by 2025?
The market size for evaporative cooling has seen a robust growth in recent times. The outlook predicts an escalation from $6.41 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.…
More Releases for Bifacial
Surge In Solar Electricity Demand Boosts Bifacial Solar Market Expansion Driving …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Bifacial Solar Market Size By 2025?
The size of the bifacial solar market has seen rapid expansion in the past few years. Its growth is projected to rise from $9.14 billion in 2024 to $10.37 billion in 2025, reflecting an annual compounded growth rate (CAGR)…
Surge In Solar Electricity Demand Boosts Bifacial Solar Market Expansion Driving …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Bifacial Solar Market Size By 2025?
The size of the bifacial solar market has seen rapid expansion in the past few years. Its growth is projected to rise from $9.14 billion in 2024 to $10.37 billion in 2025, reflecting an annual compounded growth rate (CAGR)…
Bifacial Solar Market Emerging Trends and Forecast 2025-2032
The Bifacial Solar Market is a dynamic and rapidly growing sector, driven by technological advancements in hardware, software, and digital infrastructure. It covers a diverse range of services such as cloud computing, cybersecurity, data analytics, and artificial intelligence. The increasing need for digital transformation across industries is propelling market growth. Emerging technologies like 5G, blockchain, and IoT are further unlocking new opportunities. With continuous innovation, the IT sector is poised…
Bifacial Solar Market Emerging Trends and Forecast 2024-2031
The Bifacial Solar Market is a dynamic and rapidly growing sector, driven by technological advancements in hardware, software, and digital infrastructure. It covers a diverse range of services such as cloud computing, cybersecurity, data analytics, and artificial intelligence. The increasing need for digital transformation across industries is propelling market growth. Emerging technologies like 5G, blockchain, and IoT are further unlocking new opportunities. With continuous innovation, the IT sector is poised…
Bifacial Solar Market Opportunities and Competitive Strategies 2024-2031
The Bifacial Solar Market is a dynamic and rapidly growing sector, driven by technological advancements in hardware, software, and digital infrastructure. It covers a diverse range of services such as cloud computing, cybersecurity, data analytics, and artificial intelligence. The increasing need for digital transformation across industries is propelling market growth. Emerging technologies like 5G, blockchain, and IoT are further unlocking new opportunities. With continuous innovation, the IT sector is poised…
Bifacial Solar Market Size, Growth Drivers, and Forecast 2024-2031
The Bifacial Solar Market is a rapidly evolving sector, driven by advancements in hardware, software, and digital infrastructure. It encompasses a wide range of services, including cloud computing, cybersecurity, data analytics, and artificial intelligence. The increasing demand for digital transformation across industries is fueling growth. Emerging technologies like 5G, blockchain, and IoT are further expanding its potential. With continuous innovation, the IT market is expected to see robust growth in…
