United States Bifacial Solar Market 2025 | Growth Drivers, Market Forecast, Competitive Landscape & Business Opportunities

Market Size and Growth

Global Bifacial Solar Market reached US$ 18.56 billion in 2024 and is expected to reach US$ 60.85 billion by 2032, growing with a CAGR of 16% during the forecast period 2025-2032.

Recent Mergers and Acquisitions

United States: Recent M&A Developments

✅ In September 2025, TotalEnergies announced a $950 million deal to sell a 50% stake in its North American solar portfolio to KKR. The portfolio includes six utility-scale solar assets and 41 distributed generation projects across the U.S., totaling 1.4 GW in capacity. TotalEnergies will retain a 50% ownership stake and continue to sell some of the electricity generated by the assets.

✅ In September 2025, the Trump administration's shift away from renewable energy policies led to a wave of consolidation within the U.S. solar sector. The elimination of key tax credits and federal funding prompted smaller clean energy firms to merge, form joint ventures, or sell assets to survive. This resulted in 63 M&A deals valued at $34 billion in the first half of 2025, a significant increase from $7 billion in late 2024.

✅ In May 2021, Hanwha Q Cells, a leading solar panel manufacturer, acquired Growing Energy Labs, Inc. (Geli), a company specializing in energy storage and management software. This acquisition aimed to enhance Hanwha Q Cells' capabilities in integrating bifacial solar modules with energy storage solutions, providing more efficient and reliable solar energy systems.

Japan: Recent M&A Developments

✅ In August 2022, RWE AG, a Germany-based energy company, acquired Alpha Solar for an undisclosed amount. This acquisition aimed to strengthen RWE's position in the Japanese renewable energy market by expanding its solar project pipeline and enhancing its operational capabilities.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://www.datamintelligence.com/download-sample/bifacial-solar-market?sb

Bifacial Solar panels are photovoltaic modules that can capture sunlight from both their front and rear surfaces, increasing energy generation efficiency. They are widely used in solar farms, rooftops, and commercial installations to maximize power output, reduce levelized cost of energy, and enhance overall solar system performance.

Key Developments:

United States: Recent Industry Developments

✅ In November 2024, JinkoSolar delivered 1.32 GW of N-type TOPCon bifacial modules for the world's largest offshore solar project in Shandong, China. This milestone underscores the growing global demand for high-efficiency bifacial modules.

✅ In July 2024, Enfinity Global secured $164 million in financing for a 250 MW solar portfolio in Japan. This investment supports the development of seven operational and one under-construction utility-scale solar projects, collectively expected to generate over 300 GWh of clean energy annually.

✅ In April 2024, Enfinity Global closed $195 million in long-term financing for a 70 MW solar power plant in Aomori Prefecture, Japan. This plant utilizes bifacial solar panels and is expected to produce more than 75 GWh of clean energy annually.

Japan: Recent Industry Developments

✅ In July 2024, Enfinity Global announced a JPY 26.24 billion ($162.4 million) financing package for a 250 MW solar portfolio in Japan. The portfolio comprises seven operational utility-scale solar projects and one under construction, expected to produce 300 GWh of clean energy per year.

✅ In April 2024, Enfinity Global closed $195 million in long-term financing for a 70 MW solar power plant in Aomori Prefecture, Japan. This plant utilizes bifacial solar panels and is expected to produce more than 75 GWh of clean energy annually.

✅ In February 2022, Enfinity Global acquired a 250 MW solar photovoltaic portfolio in Japan, with a $1 billion enterprise value. This acquisition marks a significant expansion of Enfinity Global's presence in the Japanese renewable energy market.

Key Players:

=> LONGi, LG Electronics, Vikram Solar, Adani Group, and Trina Solar, focusing on R&D, cost reduction, and global project expansions.

Growth Forecast Projected:

The Global Bifacial Solar Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is 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.

Research Process:

Both primary and secondary data sources have been used in the global Bifacial Solar Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=bifacial-solar-market

Key Segments:

➥ By Panel Type: Monocrystalline, Polycrystalline

➥ By Power Capacity: Up to 200 WP, 200-400 WP, Above 400 WP

➥ By Frame Type: With-Frame Type, Frameless Bifacial Solar

➥ By Cell Technology: Passivated Emitter and Rear Contact (PERC), Heterojunction, Topcon, Others

➥ By Application: Residential, Commercial & Industrial, Utilities

Regional Analysis for Bifacial Solar Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Bifacial Solar producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Bifacial Solar revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

Speak to Our Analyst and Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/bifacial-solar-market?sb

FAQ

What is the current size of the Bifacial Solar Market?

A: In 2024, the Bifacial Solar Market was valued at US$ 18.56 billion , reflecting its strong industry presence.

Q2: How large is the Bifacial Solar Market expected to be by 2032?

A: By 2032, industry forecasts suggest the Bifacial Solar Market will grow to around US$ 60.85 billion , demonstrating significant expansion.

Q3: What is the growth rate of the Bifacial Solar Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 16% during the forecast period from 2025 to 2032.

Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription?sb

Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg?sb

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.