Press release
United States Bifacial Solar Market to Hit $18.25 Billion by 2032, Driven by Solar Innovation & Renewable Energy Growth
Leander, Texas and Tokyo, Japan - Dec.02.2025As per DataM intelligence research report" Global Bifacial Solar Market reached US$ 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." Higher efficiency and greater energy yield are driving adoption of bifacial
solar panels in large-scale solar farms.
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United States: Recent Industry Developments
✅ In October 2025, the U.S. Trade Representative extended tariff exclusions for bifacial solar panels to support domestic installation targets This regulatory move allows installers like SunPower to access affordable modules while ramping up local capacity It stabilizes supply chains for large-scale U.S. solar
projects
✅ In September 2025, First Solar announced a major expansion of its Ohio manufacturing facility to include advanced bifacial module lines The investment aims to meet the surging demand for utility-scale solar projects across the Midwest It reinforces the U.S. commitment to domestic renewable energy
manufacturing
✅ In August 2025, NextEra Energy commissioned a hybrid storage and bifacial solar park in California optimizing energy capture during peak hours The project utilizes tracking systems that leverage dual- sided panels for maximum efficiency It demonstrates the commercial viability of high-performance solar
assets in the U.S. grid
✅ In July 2025, Solaria Corporation unveiled a new series of high-efficiency bifacial panels designed specifically for the U.S. commercial rooftop market The product features enhanced aesthetic design and superior shade tolerance It targets businesses seeking to maximize energy offset within limited roof
space
Japan: Recent Industry Developments
✅ In December 2025, Dongkuk CM introduced an ultra-high-reflectivity color steel sheet to boost bifacial PV performance on Japanese rooftops The material increases solar reflectance to over 80% significantly enhancing power generation It addresses Japan's need for efficient energy solutions in
space-constrained urban areas
✅ In November 2025, Sharp Corporation launched a lightweight bifacial solar module optimized for Japan& heavy snow regions The design incorporates reinforced glass and a durable frame to withstand harsh winter conditions It expands renewable energy potential in Japan& northern prefectures
✅ In October 2025, Panasonic Holdings partnered with local municipalities to install vertical bifacial solar fences along expressways These installations generate power from both direct sunlight and road reflection without using additional land The initiative supports Japan& goal of maximizing infrastructure
for energy generation
✅ In September 2025, Kyocera Corporation announced a strategic shift to exclusively produce bifacial modules for its mega-solar projects The company cites a 15% increase in energy yield compared to traditional monofacial panels This move signals a definitive market shift toward dual-sided technology in
Japan
Bifacial Solar Market: Drivers
- The bifacial solar market is expanding as solar developers seek higher energy yield and improved efficiency in photovoltaic systems. Bifacial panels capture sunlight from both the front and rear sides, generating additional electricity from reflected and diffused light. Rising adoption of utility-scale solar
farms, rooftop installations, and agrivoltaics is driving market growth. Technological advancements in panel design, anti-reflective coatings, and bifacial module efficiency are enhancing performance. Additionally, government incentives and renewable energy targets are strengthening market adoption.
Collaboration among module manufacturers, EPC contractors, and technology providers is accelerating development of high-output bifacial systems. Improvements in tracking systems, mounting structures, and energy modeling are optimizing solar farm efficiency. Growing interest in sustainable energy and
reduced levelized cost of electricity is expanding deployment opportunities. With rising demand for green power, continuous innovation, and supportive policy frameworks, the bifacial solar market is poised for long-term growth.
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Bifacial Solar Market: Major Players
LONGi, LG Electronics, Vikram Solar, Adani Group, and Trina Solar, focusing on R&D, cost reduction, and
global project expansions.
Segment Covered in the Bifacial Solar Market:
By Panel Type
The bifacial solar market is led by monocrystalline panels, which account for 68% of the share, driven by their superior efficiency, higher energy yield, and strong suitability for utility-scale and commercial applications. Polycrystalline panels hold the remaining 32%, mostly adopted in cost-sensitive markets,
although their share continues to decline due to the rapid migration toward higher-efficiency monocrystalline technologies.
By Power Capacity
Panels in the 200-400 WP range dominate with 47% share, as they offer an optimal balance between efficiency, cost, and compatibility across residential, commercial, and industrial applications. Above 400 WP modules hold 38%, fueled by growing preference in utility-scale projects where high output per
panel improves overall project economics. Modules up to 200 WP represent 15%, primarily used in small rooftop systems, portable applications, and off-grid installations.
By Frame Type
With-frame bifacial panels lead with 72% share, favored for their structural durability, ease of installation, and universal compatibility with existing mounting systems. Frameless bifacial panels account for 28%, gaining interest in aesthetic architectural installations and high-reflectivity environments where the absence of a frame reduces shading and improves bifacial performance.
By Cell Technology
PERC cells dominate with 42% share, supported by low manufacturing costs and widespread adoption across global production lines. Heterojunction (HJT) technology accounts for 28%, driven by its superior efficiency, high bifaciality, and excellent temperature performance. TOPCon cells hold 22%, rapidly
expanding as manufacturers transition to next-generation technologies to boost efficiency. The remaining 8% includes emerging innovations such as IBC and tandem solar cells.
By Application
The utility-scale segment dominates the market with 55% share, as large solar farms benefit the most from bifacial gain through optimized land usage and reflective surface conditions. Commercial and industrial installations represent 30%, driven by rising corporate sustainability initiatives and high ROI
potential. The residential segment accounts for 15%, gradually growing as bifacial rooftop solutions become more accessible and installers adopt new mounting technologies.
Regional Analysis
North America (29%)
North America holds 29% of the market, propelled by large-scale solar installations in the U.S., strong policy support under the Inflation Reduction Act (IRA), and high adoption of tracking systems that enhance bifacial module output.
Europe (25%)
Europe accounts for 25%, driven by aggressive renewable targets, strong adoption in countries such as Spain, Germany, and the Netherlands, and rapid deployment of advanced technologies like HJT and TOPCon to improve energy efficiency.
Asia Pacific (33%)
Asia Pacific leads with 33% share, supported by China's massive production capacity, India's growing utility-scale installation pipeline, and strong technology adoption in Japan and South Korea. The region acts as the global center for bifacial solar manufacturing and technological innovation.
Latin America (6%)
Latin America contributes 6%, with major growth originating from high-irradiance regions in Brazil, Chile, and Mexico, where bifacial modules offer significant performance improvements in desert and semi-arid climates.
Middle East & Africa (7%)
The Middle East & Africa region holds 7%, driven by mega solar projects in the UAE, Saudi Arabia, and South Africa. The region's high-albedo desert landscapes significantly boost the performance advantage of bifacial technology, accelerating adoption across utility-scale projects.
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