Bifacial Solar Market by Type (Dual-Glass, Glass-Backsheet), Frame Type (Framed, Frameless), Cell Technology (Passivated Emitter Rear Contact, Heterojunction, TOPCon), Application (Residential, Commercial & Industrial, Utilities) - Global Forecast to 2029

The global bifacial solar market is estimated to grow from USD 18.5 billion in 2024 to USD 37.6 billion by 2029; it is expected to record a CAGR of 15.2% during the forecast period. Bifacial solar panels are increasingly achieving grid parity across various global markets, positioning them as viable competitors to conventional energy sources. This parity is driven by advancements in technology and manufacturing efficiencies, which have lowered production costs significantly. Coupled with supportive policies and incentives from governments, these panels offer not only enhanced energy capture from both sides but also improved overall economic feasibility.

“Passivated Emitter Rear Contact (PERC)”: The largest segment of the bifacial solar market, by cell technology“

Based on cell technology, the bifacial solar market has been segmented into Passivated Emitter Rear Contact (PERC), TOPCon, and Heterojunction (HJT). The Passivated Emitter Rear Contact (PERC) segment is expected to be the largest segment during the forecast period. PERC cells demonstrate robust compatibility with cutting-edge advancements such as half-cut cells and multi-busbar designs, significantly amplifying overall panel performance. This synergy enhances energy generation efficiency and durability, optimizing the utilization of sunlight in both conventional and bifacial solar panel configurations. This integration not only boosts power output but also contributes to the scalability and cost-effectiveness of solar energy systems, reinforcing PERC technology's position as a pivotal driver in the evolving solar market landscape.

“By type, the Glass-backsheet Bifacial Solar segment is expected to be the second largest segment during the forecast period.”

Based on type, the bifacial solar market is segmented into glass-backsheet bifacial solar, and dual-glass bifacial solar. The glass-backsheet bifacial solar segment is expected to be the second largest segment of the bifacial solar market during the forecast period. As manufacturers refine their processes, such as the lamination of glass backsheet materials and the application of bifacial cell technology, production efficiencies improve. These advancements not only enhance the overall performance and durability of bifacial panels but also contribute to significant cost reductions over time. Moreover, innovations in materials science and engineering contribute to cost savings by improving the reliability and longevity of glass-backsheet panels, reducing maintenance costs and enhancing their overall lifetime value. Combined with supportive regulatory frameworks and increasing investor confidence in renewable energy technologies, these cost reduction efforts foster a favorable environment for the widespread adoption of glass-backsheet bifacial solar panels in both residential and utility-scale solar installations.

“Asia Pacific” is expected to be the largest region in the bifacial solar market.”

Asia pacific is expected to be the largest region in the bifacial solar market during the forecast period. Enhanced grid integration capabilities and improved grid stability are pivotal factors bolstering the feasibility and attractiveness of deploying bifacial solar projects across the Asia-Pacific region. As countries in this region continue to expand their renewable energy capacities, the integration of bifacial solar into existing grids becomes increasingly seamless. This advancement not only supports the reliability of electricity supply but also facilitates the efficient management of fluctuating renewable energy sources. Furthermore, advancements in grid technology tailored to regional climatic conditions and energy consumption patterns further optimize the performance of bifacial solar installations, promoting their widespread adoption as a sustainable energy solution in the Asia-Pacific context.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%

By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%

By Region: North America- 10%, Europe- 25%, Asia Pacific- 35%, Middle East – 5%, Africa – 15%, South America – 10%

Note: Others include sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The bifacial solar market is dominated by a few major players that have a wide regional presence. The leading players in the bifacial solar market are LONGi (China), Trinasolar (China), Canadian Solar (Canada), JA SOLAR Technology Co., Ltd. (China), and SHARP CORPORATION (Japan). The major strategy adopted by the players includes new product launches, contracts, agreements, partnerships, joint ventures, acquisitions, and investments & expansions.

Research Coverage:

The report defines, describes, and forecasts the global bifacial solar Market based on type, frame type, cell technology, application, and region. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the bifacial solar market.

Key Benefits of Buying the Report

Government initiatives at the national and international levels amplify the impact of investment on the bifacial solar market. Robust policy frameworks, often accompanied by financial incentives, subsidies, and regulatory support, encourage widespread adoption of bifacial solar. Factors such as high initial cost and lack of infrastructure restrain the growth of the market. The growing energy transition towards renewable energy sources and rapid urbanization are expected to present lucrative opportunities for the players operating in the bifacial solar.

Product Development/ Innovation: The bifacial solar market is witnessing significant product development and innovation, driven by the growing demand for environmentally friendly, safe and sustainable products. Companies are investing in developing advanced bifacial solar for various applications.

Market Development: Canadian Solar has announced a multi-year agreement with Lightsource BP to supply 1.2 GW of high-efficiency polycrystalline solar modules for projects in the US and Australia. The projects will utilize Canadian Solar's polycrystalline bifacial BiHiKu (CS3W-PB-AG) and HiKu (CS3W-P) modules. Canadian Solar, known globally for its solar cell and module innovations, specializes in bifacial modules that generate power from both the front and rear sides, increasing output compared to standard monofacial modules. The BiHiKu bifacial modules, noted for their high output, are expected to maximize power generation within limited plant areas.

Market Diversification: Canadian Solar has announced the establishment of a new 5 GW solar PV cell manufacturing facility at the River Ridge Commerce Center in Jeffersonville, Indiana. This state-of-the-art plant will produce approximately 20,000 high-power modules daily, contributing significantly to solar energy production. Representing an investment exceeding $800 million, the facility is projected to generate about 1,200 skilled high-tech jobs once fully operational. The solar cells manufactured here will support Canadian Solar's module assembly plant in Mesquite, Texas, with production set to commence by the end of 2025.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include LONGi (China), Trinasolar (China), Canadian Solar (Canada), JA SOLAR Technology Co., Ltd. (China), and SHARP CORPORATION (Japan) among others in the bifacial solar market.


Tables List
Table 1 Bifacial Solar Market Snapshot
Table 2 Average Price Trend Of Bifacial Solar, By Region, 2023–2029 (Usd/Wp)
Table 3 Indicative Price Trend Of Bifacial Solar, By Cell Technology,
2023–2029 (Usd/Wp)
Table 4 Bifacial Solar Market: Companies And Their Roles In Ecosystem
Table 5 Bifacial Solar Market: Innovations And Patent Registrations,
2020–2024
Table 6 Export Data For Hs Code 854143, By Country,
2022–2023 (Usd Thousand)
Table 7 Import Scenario For Hs Code 854143, By Country,
2022–2023 (Usd Thousand)
Table 8 Export Data For Hs Code 854142, By Country,
2022–2023 (Usd Thousand)
Table 9 Import Scenario For Hs Code 854142, By Country,
2022–2023 (Usd Thousand)
Table 10 Bifacial Solar Market: List Of Key Conferences And Events, 2023–2024
Table 11 Asia Pacific: List Of Regulatory Bodies, Government Agencies,
And Other Organizations
Table 12 North America: List Of Regulatory Bodies, Government Agencies,
And Other Organizations
Table 13 Europe: List Of Regulatory Bodies, Government Agencies,
And Other Organizations
Table 14 Row: List Of Regulatory Bodies, Government Agencies,
And Other Organizations
Table 15 Bifacial Solar Market: Regulations
Table 16 Bifacial Solar Market: Porter's Five Forces Analysis
Table 17 Influence Of Stakeholders On Buying Process, By Type
Table 18 Key Buying Criteria In Top 3 Applications
Table 19 Companies Offering Bifacial Modules Up To 200 Wp
Table 20 Companies Offering 200−400 Wp Bifacial Modules
Table 21 Companies Offering Above 400 Wp Bifacial Modules
Table 22 Bifacial Solar Market, By Type, 2019−2023 (Usd Million)
Table 23 Bifacial Solar Market, By Type, 2024−2029 (Usd Million)
Table 24 Dual-glass Bifacial Solar Market, By Region, 2019−2023 (Usd Million)
Table 25 Dual-glass Bifacial Solar Market, By Region, 2024−2029 (Usd Million)
Table 26 Glass-backsheet Bifacial Solar Market, By Region,
2019−2023 (Usd Million)
Table 27 Glass-backsheet Bifacial Solar Market, By Region,
2024−2029 (Usd Million)
Table 28 Bifacial Solar Market, By Frame Type, 2019–2023 (Usd Million)
Table 29 Bifacial Solar Market, By Frame Type, 2024–2029 (Usd Million)
Table 30 Framed Bifacial Solar Market, By Region, 2019–2023 (Usd Million)
Table 31 Framed Bifacial Solar Market, By Region, 2024–2029 (Usd Million)
Table 32 Frameless Bifacial Solar Market, By Region, 2019–2023 (Usd Million)
Table 33 Frameless Bifacial Solar Market, By Region, 2024–2029 (Usd Million)
Table 34 Bifacial Solar Market, By Cell Technology, 2019–2023 (Usd Million)
Table 35 Bifacial Solar Market, By Cell Technology, 2024–2029 (Usd Million)
Table 36 Passivated Emitter And Rear Cell (Perc): Bifacial Solar Market,
By Region, 2019–2023 (Usd Million)
Table 37 Passivated Emitter And Rear Cell (Perc): Bifacial Solar Market,
By Region, 2024–2029 (Usd Million)
Table 38 Heterojunction (Hjt): Bifacial Solar Market, By Region,
2019–2023 (Usd Million)
Table 39 Heterojunction (Hjt): Bifacial Solar Market, By Region,
2024–2029 (Usd Million)
Table 40 Topcon: Bifacial Solar Market, By Region, 2019–2023 (Usd Million)
Table 41 Topcon: Bifacial Solar Market, By Region, 2024–2029 (Usd Million)
Table 42 Bifacial Solar Market, By Application, 2019–2023 (Usd Million)
Table 43 Bifacial Solar Market, By Application, 2024–2029 (Usd Million)
Table 44 Residential: Bifacial Solar Market, By Region, 2019–2023 (Usd Million)
Table 45 Residential: Bifacial Solar Market, By Region, 2024–2029 (Usd Million)
Table 46 Commercial & Industrial: Bifacial Solar Market, By Region,
2019–2023 (Usd Million)
Table 47 Commercial & Industrial: Bifacial Solar Market, By Region,
2024–2029 (Usd Million)
Table 48 Utilities: Bifacial Solar Market, By Region, 2019–2023 (Usd Million)
Table 49 Utilities: Bifacial Solar Market, By Region, 2024–2029 (Usd Million)
Table 50 Bifacial Solar Market, By Region, 2019–2023 (Usd Million)
Table 51 Bifacial Solar Market, By Region, 2024–2029 (Usd Million)
Table 52 Bifacial Solar Market, By Region, 2019–2023 (Mw)
Table 53 Bifacial Solar Market, By Region, 2024–2029 (Mw)
Table 54 Asia Pacific: Bifacial Solar Market, By Type, 2019–2023 (Usd Million)
Table 55 Asia Pacific: Bifacial Solar Market, By Type, 2024–2029 (Usd Million)
Table 56 Asia Pacific: Bifacial Solar Market, By Frame Type,
2019–2023 (Usd Million)
Table 57 Asia Pacific: Bifacial Solar Market, By Frame Type,
2024–2029 (Usd Million)
Table 58 Asia Pacific: Bifacial Solar Market, By Cell Technology,
2019–2023 (Usd Million)
Table 59 Asia Pacific: Bifacial Solar Market, By Cell Technology,
2024–2029 (Usd Million)
Table 60 Asia Pacific: Bifacial Solar Market, By Application,
2019–2023 (Usd Million)
Table 61 Asia Pacific: Bifacial Solar Market, By Application,
2024–2029 (Usd Million)
Table 62 Asia Pacific: Bifacial Solar Market, By Country, 2019–2023 (Usd Million)
Table 63 Asia Pacific: Bifacial Solar Market, By Country, 2024–2029 (Usd Million)
Table 64 Asia Pacific: Bifacial Solar Market, By Country, 2019–2023 (Mw)
Table 65 Asia Pacific: Bifacial Solar Market, By Country, 2024–2029 (Mw)
Table 66 China: Bifacial Solar Market, By Application, 2019–2023 (Usd Million)
Table 67 China: Bifacial Solar Market, By Application, 2024–2029 (Usd Million)
Table 68 Japan: Bifacial Solar Market, By Application, 2019–2023 (Usd Million)
Table 69 Japan: Bifacial Solar Market, By Application, 2024–2029 (Usd Million)
Table 70 South Korea: Bifacial Solar Market, By Application,
2019–2023 (Usd Million)
Table 71 South Korea: Bifacial Solar Market, By Application,
2024–2029 (Usd Million)
Table 72 Australia: Bifacial Solar Market, By Application,
2019–2023 (Usd Million)
Table 73 Australia: Bifacial Solar Market, By Application,
2024–2029 (Usd Million)
Table 74 India: Bifacial Solar Market, By Application, 2019–2023 (Usd Million)
Table 75 India: Bifacial Solar Market, By Application, 2024–2029 (Usd Million)
Table 76 Rest Of Asia Pacific: Bifacial Solar Market, By Application,
2019–2023 (Usd Million)
Table 77 Rest Of Asia Pacific: Bifacial Solar Market, By Application,
2024–2029 (Usd Million)
Table 78 North America: Bifacial Solar Market, By Type, 2019–2023 (Usd Million)
Table 79 North America: Bifacial Solar Market, By Type, 2024–2029 (Usd Million)
Table 80 North America: Bifacial Solar Market, By Frame Type,
2019–2023 (Usd Million)
Table 81 North America: Bifacial Solar Market, By Frame Type,
2024–2029 (Usd Million)
Table 82 North America: Bifacial Solar Market, By Cell Technology,
2019–2023 (Usd Million)
Table 83 North America: Bifacial Solar Market, By Cell Technology,
2024–2029 (Usd Million)
Table 84 North America: Bifacial Solar Market, By Application,
2019–2023 (Usd Million)
Table 85 North America: Bifacial Solar Market, By Application,
2024–2029 (Usd Million)
Table 86 North America: Bifacial Solar Market, By Country,
2019–2023 (Usd Million)
Table 87 North America: Bifacial Solar Market, By Country,
2024–2029 (Usd Million)
Table 88 North America: Bifacial Solar Market, By Country, 2019–2023 (Mw)
Table 89 North America: Bifacial Solar Market, By Country, 2024–2029 (Mw)
Table 90 Us: Bifacial Solar Market, By Application, 2019–2023 (Usd Million)
Table 91 Us: Bifacial Solar Market, By Application, 2024–2029 (Usd Million)
Table 92 Canada: Bifacial Solar Market, By Application, 2019–2023 (Usd Million)
Table 93 Canada: Bifacial Solar Market, By Application, 2024–2029 (Usd Million)
Table 94 Mexico: Bifacial Solar Market, By Application, 2019–2023 (Usd Million)
Table 95 Mexico: Bifacial Solar Market, By Application, 2024–2029 (Usd Million)
Table 96 Europe: Bifacial Solar Market, By Type, 2019–2023 (Usd Million)
Table 97 Europe: Bifacial Solar Market, By Type, 2024–2029 (Usd Million)
Table 98 Europe: Bifacial Solar Market, By Frame Type, 2019–2023 (Usd Million)
Table 99 Europe: Bifacial Solar Market, By Frame Type, 2024–2029 (Usd Million)
Table 100 Europe: Bifacial Solar Market, By Cell Technology,
2019–2023 (Usd Million)
Table 101 Europe: Bifacial Solar Market, By Cell Technology,
2024–2029 (Usd Million)
Table 102 Europe: Bifacial Solar Market, By Application, 2019–2023 (Usd Million)
Table 103 Europe: Bifacial Solar Market, By Application, 2024–2029 (Usd Million)
Table 104 Europe: Bifacial Solar Market, By Country, 2019–2023 (Usd Million)
Table 105 Europe: Bifacial Solar Market, By Country, 2024–2029 (Usd Million)
Table 106 Europe: Bifacial Solar Market, By Country, 2019–2023 (Mw)
Table 107 Europe: Bifacial Solar Market, By Country, 2024–2029 (Mw)
Table 108 Germany: Bifacial Solar Market, By Application,
2019–2023 (Usd Million)
Table 109 Germany: Bifacial Solar Market, By Application,
2024–2029 (Usd Million)
Table 110 Italy: Bifacial Solar Market, By Application, 2019–2023 (Usd Million)
Table 111 Italy: Bifacial Solar Market, By Application, 2024–2029 (Usd Million)
Table 112 Netherlands: Bifacial Solar Market, By Application,
2019–2023 (Usd Million)
Table 113 Netherlands: Bifacial Solar Market, By Application,
2024–2029 (Usd Million)
Table 114 Spain: Bifacial Solar Market, By Application, 2019–2023 (Usd Million)
Table 115 Spain: Bifacial Solar Market, By Application, 2024–2029 (Usd Million)
Table 116 France: Bifacial Solar Market, By Application, 2019–2023 (Usd Million)
Table 117 France: Bifacial Solar Market, By Application, 2024–2029 (Usd Million)
Table 118 Rest Of Europe: Bifacial Solar Market, By Application,
2019–2023 (Usd Million)
Table 119 Rest Of Europe: Bifacial Solar Market, By Application,
2024–2029 (Usd Million)
Table 120 Rest Of The World: Bifacial Solar Market, By Type,
2019–2023 (Usd Million)
Table 121 Rest Of The World: Bifacial Solar Market, By Type,
2024–2029 (Usd Million)
Table 122 Rest Of The World: Bifacial Solar Market, By Frame Type,
2019–2023 (Usd Million)
Table 123 Rest Of The World: Bifacial Solar Market, By Frame Type,
2024–2029 (Usd Million)
Table 124 Rest Of The World: Bifacial Solar Market, By Cell Technology,
2019–2023 (Usd Million)
Table 125 Rest Of The World: Bifacial Solar Market, By Cell Technology,
2024–2029 (Usd Million)
Table 126 Rest Of The World: Bifacial Solar Market, By Application,
2019–2023 (Usd Million)
Table 127 Rest Of The World: Bifacial Solar Market, By Application,
2024–2029 (Usd Million)
Table 128 Rest Of The World: Bifacial Solar Market, By Country,
2019–2023 (Usd Million)
Table 129 Rest Of The World: Bifacial Solar Market, By Country,
2024–2029 (Usd Million)
Table 130 Rest Of The World: Bifacial Solar Market, By Country, 2019–2023 (Mw)
Table 131 Rest Of The World: Bifacial Solar Market, By Country, 2024–2029 (Mw)
Table 132 Bifacial Solar Market: Overview Of Strategies Adopted By Key Players, 2019–2024
Table 133 Bifacial Solar Market: Degree Of Competition, 2023
Table 134 Market Evaluation Framework, 2019–2023
Table 135 Bifacial Solar Market: Regional Footprint, 2023
Table 136 Bifacial Solar Market: Type Footprint, 2023
Table 137 Bifacial Solar Market: Frame Type Footprint, 2023
Table 138 Bifacial Solar Market: Cell Technology Footprint
Table 139 Bifacial Solar Market: Panel Type Footprint
Table 140 Bifacial Solar Market: Application Footprint
Table 141 Bifacial Solar Market: List Of Key Startups/Smes
Table 142 Bifacial Solar Market: Competitive Benchmarking Of Startups/Smes
Table 143 Bifacial Solar Market: Product Launches, January 2019–
December 2024
Table 144 Bifacial Solar Market: Deals, January 2019–december 2024
Table 145 Bifacial Solar Market: Expansions, January 2019–december 2024
Table 146 Bifacial Solar Market: Others, January 2019–december 2024
Table 147 Longi: Company Overview
Table 148 Longi: Products/Solutions/Services Offered
Table 149 Longi: Product Launches
Table 150 Longi: Deals
Table 151 Longi: Other Developments
Table 152 Canadian Solar: Company Overview
Table 153 Canadian Solar: Products/Solutions/Services Offered
Table 154 Canadian Solar: Product Launches
Table 155 Canadian Solar: Deals
Table 156 Canadian Solar: Expansions
Table 157 Canadian Solar: Other Developments
Table 158 Trinasolar: Company Overview
Table 159 Trinasolar: Products/Solutions/Services Offered
Table 160 Trinasolar: Product Launches
Table 161 Trinasolar: Deals
Table 162 Trinasolar: Expansions
Table 163 Trinasolar: Other Developments
Table 164 Sharp Corporation: Company Overview
Table 165 Sharp Corporation: Products/Solutions/Services Offered
Table 166 Sharp Corporation: Product Launches
Table 167 Sharp Corporation: Deals
Table 168 Sharp Corporation: Other Developments
Table 169 Ja Solar Technology Co., Ltd.: Company Overview
Table 170 Ja Solar Technology Co., Ltd.: Products/Solutions/Services Offered
Table 171 Ja Solar Technology Co., Ltd.: Product Launches
Table 172 Ja Solar Technology Co., Ltd.: Deals
Table 173 Ja Solar Technology Co., Ltd.: Other Developments
Table 174 Jinko Solar: Company Overview
Table 175 Jinko Solar: Products/Solutions/Services Offered
Table 176 Jinko Solar: Product Launches
Table 177 Jinko Solar: Deals
Table 178 Jinko Solar: Expansions
Table 179 Jinko Solar: Other Developments
Table 180 Adani Group: Company Overview
Table 181 Adani Group: Products/Solutions/Services Offered
Table 182 Adani Group: Product Launches
Table 183 Adani Group: Deals
Table 184 First Solar: Company Overview
Table 185 First Solar: Products/Solutions/Services Offered
Table 186 First Solar: Deals
Table 187 First Solar: Expansions
Table 188 First Solar: Other Developments
Table 189 Renewsys India Pvt. Ltd.: Business Overview
Table 190 Renewsys India Pvt. Ltd.: Products/Solutions/Services Offered
Table 191 Renewsys India Pvt. Ltd.: Product Launches
Table 192 Renewsys India Pvt. Ltd.: Deals
Table 193 Renewsys India Pvt. Ltd.: Expansions
Table 194 Hanwha Qcells: Company Overview
Table 195 Hanwha Qcells: Products/Solutions/Services Offered
Table 196 Hanwha Qcells: Deals
Table 197 Hanwha Qcells: Expansions
Table 198 Hanwha Qcells: Other Developments
Table 199 Talesun Solar Co., Ltd.: Company Overview
Table 200 Talesun Solar Co., Ltd.: Products/Solutions/Services Offered
Table 201 Talesun Solar Co., Ltd.: Deals
Table 202 Talesun Solar Co., Ltd.: Expansions
Table 203 Talesun Solar Co., Ltd.: Other Developments
Table 204 Hd Hyundai Energy Solutions., Ltd.: Company Overview
Table 205 Hyundai Energy Solutions., Ltd.: Products/Solutions/Services Offered
Table 206 Hd Hyundai Energy Ssolutions., Ltd.: Expansions
Table 207 Chint Group: Company Overview
Table 208 Chint Group: Products/Solutions/Services Offered
Table 209 Chint Group: Deals
Table 210 Chint Group: Other Developments
Table 211 Solaredge: Company Overview
Table 212 Solaredge: Products/Solutions/Services Offered
Table 213 Tata Power Solar Systems Ltd.: Company Overview
Table 214 Tata Power Solar Systems Ltd.: Products/Solutions/Services Offered
Table 215 Tata Power Solar Systems Ltd.: Product Launches
Table 216 Tata Power Solar Systems Ltd.: Deals
Table 217 Tata Power Solar Systems Ltd.: Expansions
Table 218 Tata Power Solar Systems Ltd.: Other Developments
Figures List
Figure 1 Bifacial Solar Market: Research Design
Figure 2 Bifacial Solar Market: Data Triangulation
Figure 3 Bifacial Solar Market: Bottom-up Approach
Figure 4 Bifacial Solar Market: Top-down Approach
Figure 5 Bifacial Solar Market: Demand-side Analysis
Figure 6 Key Metrics Considered For Assessing Supply Of Bifacial Solar Panels
Figure 7 Bifacial Solar Market: Supply-side Analysis
Figure 8 Market Share Analysis Of Bifacial Solar Market, 2023
Figure 9 Asia Pacific Accounted For Largest Share In Bifacial Solar Market
In 2023
Figure 10 Dual-glass Segment To Lead Bifacial Solar Market During Forecast Period
Figure 11 Framed Segment To Register Higher Growth In Bifacial Solar Market During Forecast Period
Figure 12 Passivated Emitter Rear Contact (Perc) Segment To Dominate Bifacial Solar Market
Figure 13 Utilities Segment To Be Largest Application Of Bifacial Solar During Forecast Period
Figure 14 Decreasing Cost Of Solar Systems To Boost Market Growth Between 2023 And 2029
Figure 15 Asia Pacific To Witness Highest Growth During Forecast Period
Figure 16 Dual-glass Segment To Account For Larger Market Share
Figure 17 Framed Segment To Account For Dominant Share During Forecast Period
Figure 18 Passivated Emitter Rear Contact (Perc) Segment To Account For Largest Share In Bifacial Solar Market
Figure 19 Utilities Segment To Be Largest Application Of Bifacial Solar
Figure 20 Bifacial Solar Market: Drivers, Restraints, Opportunities,
And Challenges
Figure 21 Remuneration Settings For Utility-scale Renewable Projects
Figure 22 Renewable Electricity Capacity Addition
Figure 23 Trends/Disruptions Impacting Customers' Businesses
Figure 24 Average Price Trend Of Bifacial Solar, By Region, 2023–2029 (Usd/Wp)
Figure 25 Indicative Price Trend Of Bifacial Solar, By Cell Technology,
2023–2029 (Usd/Wp)
Figure 26 Bifacial Solar Market: Supply Chain Analysis
Figure 27 Ecosystem Map
Figure 28 Bifacial Solar Market: Innovations And Patent Registrations,
2014–2024
Figure 29 Export Data For Hs Code 854143 For Top Five Countries,
2022–2023 (Usd Thousand)
Figure 30 Import Data For Hs Code 854143 For Top Five Countries,
2022–2023 (Usd Thousand)
Figure 31 Export Data For Hs Code 854142 For Top Five Countries,
2022–2023 (Usd Thousand)
Figure 32 Import Data For Hs Code 854142 For Top Five Countries,
2022–2023 (Usd Thousand)
Figure 33 Bifacial Solar Market: Porter's Five Forces Analysis
Figure 34 Influence Of Key Stakeholders On Buying Process, By Type
Figure 35 Key Buying Criteria For Bifacial Solar
Figure 36 Investment And Funding Scenario (Usd Million)
Figure 37 Bifacial Solar Market, By Type, 2023
Figure 38 Bifacial Solar Market, By Frame Type (2023)
Figure 39 Bifacial Solar Market, By Cell Technology (2023)
Figure 40 Bifacial Solar Market, By Application (2023)
Figure 41 Asia Pacific To Register Highest Cagr In Bifacial Solar Market
During Forecast Period
Figure 42 Bifacial Solar Market Share, By Region (2023)
Figure 43 Asia Pacific: Bifacial Solar Market Snapshot
Figure 44 North America: Bifacial Solar Market Snapshot
Figure 45 Bifacial Solar Market Share Analysis, 2023
Figure 46 Bifacial Solar Market: Segmental Revenue Analysis, 2019–2023
Figure 47 Bifacial Solar Market: Company Valuation, 2024
Figure 48 Bifacial Solar Market: Financial Metrics, 2024
Figure 49 Bifacial Solar Market: Comparative Analysis Of Brand/Product
Figure 50 Bifacial Solar Market: Company Evaluation Matrix (Key Players), 2023
Figure 51 Bifacial Solar Market: Product Footprint, 2023
Figure 52 Bifacial Solar Market: Market Footprint, 2023
Figure 53 Bifacial Solar Market: Company Evaluation Matrix
(Startups/Smes), 2023
Figure 54 Longi: Company Snapshot
Figure 55 Candian Solar: Company Snapshot
Figure 56 Trinasolar: Company Snapshot
Figure 57 Sharp Corporation: Company Snapshot
Figure 58 Ja Solar Technology Co., Ltd.: Company Snapshot
Figure 59 Jinko Solar: Company Snapshot
Figure 60 Adani Group: Company Snapshot
Figure 61 First Solar: Company Snapshot
Figure 62 Solar Edge: Company Snapshot

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions And Exclusions
1.4 Study Scope
1.4.1 Bifacial Solar Market Segmentation
1.4.2 Years Considered
1.5 Currency Considered
1.6 Units Considered
1.7 Limitations
1.8 Stakeholders
1.9 Recession Impact
2 Research Methodology
2.1 Research Data
2.2 Secondary And Primary Research
2.2.1 Secondary Data
2.2.1.1 List Of Major Secondary Sources
2.2.1.2 Key Data From Secondary Sources
2.2.2 Primary Data
2.2.2.1 List Of Primary Interview Participants
2.2.2.2 Key Industry Insights
2.2.2.3 Breakdown Of Primary Interviews
2.2.2.4 Key Data From Primary Sources
2.3 Market Breakdown And Data Triangulation
2.4 Market Size Estimation
2.4.1 Bottom-up Approach
2.4.2 Top-down Approach
2.4.3 Demand-side Analysis
2.4.3.1 Calculations For Demand-side Analysis
2.4.4 Supply-side Analysis
2.4.4.1 Assumptions For Supply-side Analysis
2.4.4.2 Calculations For Supply-side Analysis
2.5 Growth Forecast Assumptions
2.5.1 Research Limitations
2.5.2 Risk Assessment
2.5.3 Impact Of Recession On Bifacial Solar Market
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities For Players In Bifacial Solar Market
4.2 Bifacial Solar Market, By Region
4.3 Bifacial Solar Market, By Type
4.4 Bifacial Solar Market, By Frame Type
4.5 Bifacial Solar Market, By Cell Technology
4.6 Bifacial Solar Market, By Application
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Declining Costs Of Bifacial Solar Panels
5.2.1.2 Higher Efficiency And Durability
5.2.2 Restraints
5.2.2.1 Complexity Of Installations
5.2.2.2 Dependence On Albedo
5.2.3 Opportunities
5.2.3.1 Government Initiatives On Bifacial Solar Technology
5.2.3.2 Emergence Of Advanced Technologies Such As Topcon And Ibc
5.2.4 Challenges
5.2.4.1 Grid Injection Challenges
5.2.4.2 Competition From Other Energy Sources
5.3 Trends/Disruptions Impacting Customers' Businesses
5.4 Pricing Analysis
5.4.1 Average Price Trend Of Bifacial Solar, By Region
5.4.2 Indicative Price Trend Of Bifacial Solar, By Cell Technology
5.5 Supply Chain Analysis
5.5.1 Raw Material Providers
5.5.2 Bifacial Solar Manufacturers
5.5.3 Bifacial Solar Suppliers
5.5.4 End Users
5.6 Ecosystem Analysis
5.7 Technology Analysis
5.7.1 Key Technologies
5.7.1.1 Monocrystalline
5.7.1.2 Polycrystalline
5.7.1.3 Nanocrystalline
5.7.2 Complementary Technologies
5.7.2.1 P–type Solar Panels
5.7.2.2 N–type Solar Panels
5.7.2.3 P-n Type Solar Panels
5.7.3 Adjacent Technologies
5.7.3.1 Monofacial Solar Panel
5.7.3.2 Perovskite Solar Cells
5.8 Case Study Analysis
5.8.1 Sharp Helped Big C Supermarket (Thailand) In Installation Of Rooftop Solar Panels
5.8.2 Hewlett Packard (Hp) Installed Solar Panels On Its Rooftops With Help Of Sharp (Japan)
5.8.3 Ashok Textiles' Strategies For Terrain-driven Efficiency
5.9 Patent Analysis
5.9.1 List Of Major Patents
5.10 Trade Analysis
5.10.1 Hs Code 854143
5.10.1.1 Export Scenario
5.10.1.2 Import Scenario
5.10.2 Hs Code 854142
5.10.2.1 Export Scenario
5.10.2.2 Import Scenario
5.11 Key Conferences And Events
5.12 Regulatory Landscape
5.12.1 Regulatory Bodies, Government Agencies, And Other Organizations
5.12.2 Bifacial Solar Market: Regulatory Framework
5.13 Porter's Five Forces Analysis
5.13.1 Threat Of Substitutes
5.13.2 Bargaining Power Of Suppliers
5.13.3 Bargaining Power Of Buyers
5.13.4 Threat Of New Entrants
5.13.5 Intensity Of Competitive Rivalry
5.14 Key Stakeholders And Buying Criteria
5.14.1 Key Stakeholders In Buying Process
5.14.2 Buying Criteria
5.15 Investment And Funding Scenario
6 Bifacial Solar Market, By Power Capacity
6.1 Introduction
6.2 Upto 200 Wp
6.3 200−400 Wp
6.4 Above 400 Wp
7 Bifacial Solar Market, By Type
7.1 Introduction
7.2 Dual-glass Bifacial Solar
7.2.1 Enhanced Durability To Drive Demand For Dual-glass Segment
7.3 Glass-backsheet Bifacial Solar
7.3.1 Government Policies To Boost Adoption Of Glass-backsheet Bifacial Solar Technology
8 Bifacial Solar Market, By Panel Type
8.1 Introduction
8.2 Monocrystalline
8.2.1 Longevity And Efficiency Of Monocrystalline Solar Panels T0 Drive Market
8.3 Polycrystalline
8.3.1 Lowering Investment Barriers In Polysilicon Manufacturing To Fuel Market Growth
9 Bifacial Solar Market, By Frame Type
9.1 Introduction
9.2 Framed Bifacial Solar
9.2.1 Asia Pacific To Be Fastest-growing Market For Framed
Bifacial Solar
9.3 Frameless Bifacial Solar
9.3.1 Lower Maintenance Requirements In Extreme Weather
Conditions To Fuel Market
10 Bifacial Solar Market, By Cell Technology
10.1 Introduction
10.2 Passivated Emitter And Rear Contact (Perc)
10.2.1 Strengthening Grid Stability With Community Solar And
Perc Panels To Drive Market
10.3 Heterojunction (Hjt)
10.3.1 Innovations In Lid Resistance With Hjt Solar Cells To Fuel
Market Growth
10.4 Topcon
10.4.1 Optimal Performance Of Topcon Cells In Freezing Climates To Support Market Growth
10.5 Other Cell Technologies
10.5.1 Passivated Emitter Rear Locally-diffused (Perl)
10.5.2 Interdigitated Back Contact (Ibc)
10.5.3 Passivated Emitter Rear Totally Diffused (Pert)
11 Bifacial Solar Market, By Application
11.1 Introduction
11.2 Residential
11.2.1 Asia Pacific To Be Largest Market For Bifacial Solar In Residential Sector
11.3 Commercial & Industrial
11.3.1 Rising Electricity Costs And Shift Towards Solar Power Technology To Fuel Market
11.4 Utilities
11.4.1 Environmental Benefits Of Solar Power Plants To Support Market Growth
12 Bifacial Solar Market, By Region
12.1 Introduction
12.2 Asia Pacific
12.2.1 Recession Impact: Asia Pacific
12.2.2 By Type
12.2.3 By Frame Type
12.2.4 By Cell Technology
12.2.5 By Application
12.2.6 By Country
12.2.6.1 China
12.2.6.1.1 China To Remain Dominant Market In Asia Pacific
12.2.6.2 Japan
12.2.6.2.1 Government Initiatives To Drive Market Growth
12.2.6.3 South Korea
12.2.6.3.1 Utilities Segment To Be Largest End User Of Bifacial Solar
12.2.6.4 Australia
12.2.6.4.1 Commercial & Industrial Application To Register Highest Cagr During Forecast Period
12.2.6.5 India
12.2.6.5.1 Strong Government Initiatives For Renewable Energy To Drive Market
12.2.6.6 Rest Of Asia Pacific
12.3 North America
12.3.1 Recession Impact: North America
12.3.2 By Type
12.3.3 By Frame Type
12.3.4 By Cell Technology
12.3.5 By Application
12.3.6 By Country
12.3.6.1 Us
12.3.6.1.1 Federal Policies Boosting Solar Energy Integration To Support Market Growth
12.3.6.2 Canada
12.3.6.2.1 Canada To Witness Scalable Production And Innovation In Solar Modules
12.3.6.3 Mexico
12.3.6.3.1 Utilities Segment To Be Largest End User Of Bifacial Solar
12.4 Europe
12.4.1 Recession Impact: Europe
12.4.2 By Type
12.4.3 By Frame Type
12.4.4 By Cell Technology
12.4.5 By Application
12.4.6 By Country
12.4.6.1 Germany
12.4.6.1.1 Government Initiatives To Support Market Growth
12.4.6.2 Italy
12.4.6.2.1 Utilities To Be Fastest-growing Application Of Bifacial
Solar In Italy
12.4.6.3 Netherlands
12.4.6.3.1 Investments And Clean Energy Initiatives Fueling
Market Growth
12.4.6.4 Spain
12.4.6.4.1 Energy Transformation Targets To Support Market Growth
12.4.6.5 France
12.4.6.5.1 Supportive Legislation To Drive Market Growth In France
12.4.6.6 Rest Of Europe
12.5 Rest Of The World
12.5.1 Recession Impact: North America
12.5.2 By Type
12.5.3 By Frame Type
12.5.4 By Cell Technology
12.5.5 By Application
12.5.6 By Country
12.5.6.1 Middle East & Africa
12.5.6.1.1 Increased Investments In Renewable Energy To Drive Market
12.5.6.2 South America
12.5.6.2.1 Brazil To Be Major Driver Of Bifacial Solar Market In South America
13 Competitive Landscape
13.1 Overview
13.2 Strategies Adopted By Key Players
13.3 Market Share Analysis
13.4 Market Evaluation Framework
13.5 Segmental Revenue Analysis Of Top Market Players
13.6 Company Valuation And Financial Metrics
13.7 Brand/Product Comparison
13.8 Company Evaluation Matrix: Key Players, 2023
13.8.1 Stars
13.8.2 Emerging Leaders
13.8.3 Pervasive Players
13.8.4 Participants
13.8.5 Company Footprint, Key Players
13.8.5.1 Overall Footprint
13.8.5.2 Region Footprint
13.8.5.3 Type Footprint
13.8.5.4 Frame Type Footprint
13.8.5.5 Cell Technology Footprint
13.8.5.6 Panel Type Footprint
13.8.5.7 Application Footprint
13.9 Company Evaluation Matrix: Startups/Smes, 2023
13.9.1 Progressive Companies
13.9.2 Responsive Companies
13.9.3 Dynamic Companies
13.9.4 Starting Blocks
13.9.5 Competitive Benchmarking: Startups/Smes, 2023
13.9.5.1 List Of Key Startups/Smes
13.9.5.2 Competitive Benchmarking Of Key Startups/Smes
13.10 Competitive Scenario And Trends
13.10.1 Product Launches
13.10.2 Deals
13.10.3 Expansions
13.10.4 Other Developments
14 Company Profiles
14.1 Key Players
14.1.1 Longi
14.1.1.1 Business Overview
14.1.1.2 Products/Solutions/Services Offered
14.1.1.3 Recent Developments
14.1.1.3.1 Product Launches
14.1.1.3.2 Deals
14.1.1.3.3 Other Developments
14.1.1.4 Mnm View
14.1.1.4.1 Right To Win
14.1.1.4.2 Strategic Choices
14.1.1.4.3 Weaknesses And Competitive Threats
14.1.2 Canadian Solar
14.1.2.1 Business Overview
14.1.2.2 Products/Solutions/Services Offered
14.1.2.3 Recent Developments
14.1.2.3.1 Product Launches
14.1.2.3.2 Deals
14.1.2.3.3 Expansions
14.1.2.3.4 Other Developments
14.1.2.4 Mnm View
14.1.2.4.1 Right To Win
14.1.2.4.2 Strategic Choices
14.1.2.4.3 Weaknesses And Competitive Threats
14.1.3 Trinasolar
14.1.3.1 Business Overview
14.1.3.2 Products/Solutions/Services Offered
14.1.3.3 Recent Developments
14.1.3.3.1 Product Launches
14.1.3.3.2 Deals
14.1.3.3.3 Expansions
14.1.3.3.4 Other Developments
14.1.3.4 Mnm View
14.1.3.4.1 Right To Win
14.1.3.4.2 Strategic Choices
14.1.3.4.3 Weaknesses And Competitive Threats
14.1.4 Sharp Corporation
14.1.4.1 Business Overview
14.1.4.2 Products/Solutions/Services Offered
14.1.4.3 Recent Developments
14.1.4.3.1 Product Launches
14.1.4.3.2 Deals
14.1.4.3.3 Other Developments
14.1.4.4 Mnm View
14.1.4.4.1 Right To Win
14.1.4.4.2 Strategic Choices
14.1.4.4.3 Weaknesses And Competitive Threats
14.1.5 Ja Solar Technology Co., Ltd.
14.1.5.1 Business Overview
14.1.5.2 Products/Solutions/Services Offered
14.1.5.3 Recent Developments
14.1.5.3.1 Product Launches
14.1.5.3.2 Deals
14.1.5.3.3 Other Developments
14.1.5.4 Mnm View
14.1.5.4.1 Right To Win
14.1.5.4.2 Strategic Choices
14.1.5.4.3 Weaknesses And Competitive Threats
14.1.6 Jinko Solar
14.1.6.1 Business Overview
14.1.6.2 Products/Solutions/Services Offered
14.1.6.3 Recent Developments
14.1.6.3.1 Product Launches
14.1.6.3.2 Deals
14.1.6.3.3 Expansions
14.1.6.3.4 Other Developments
14.1.7 Adani Group
14.1.7.1 Business Overview
14.1.7.2 Products/Solutions/Services Offered
14.1.7.2.1 Product Launches
14.1.7.2.2 Deals
14.1.8 First Solar
14.1.8.1 Business Overview
14.1.8.2 Products/Solutions/Services Offered
14.1.8.3 Recent Developments
14.1.8.3.1 Deals
14.1.8.3.2 Expansions
14.1.8.3.3 Other Developments
14.1.9 Renewsys India Pvt. Ltd.
14.1.9.1 Business Overview
14.1.9.2 Products/Solutions/Services Offered
14.1.9.3 Recent Developments
14.1.9.3.1 Product Launches
14.1.9.3.2 Deals
14.1.9.3.3 Expansions
14.1.10 Hanwha Qcells
14.1.10.1 Business Overview
14.1.10.2 Products/Services/Solutions Offered
14.1.10.3 Recent Developments
14.1.10.3.1 Deals
14.1.10.3.2 Expansions
14.1.10.3.3 Other Developments
14.1.11 Talesun Solar Co., Ltd.
14.1.11.1 Business Overview
14.1.11.2 Products/Solutions/Services Offered
14.1.11.3 Recent Developments
14.1.11.3.1 Deals
14.1.11.3.2 Expansions
14.1.11.3.3 Other Developments
14.1.12 Hd Hyundai Energy Solutions., Ltd.
14.1.12.1 Business Overview
14.1.12.2 Products/Solutions/Services Offered
14.1.12.3 Recent Developments
14.1.12.3.1 Expansions
14.1.13 Chint Group
14.1.13.1 Business Overview
14.1.13.2 Products/Services/Solutions Offered
14.1.13.3 Recent Developments
14.1.13.3.1 Deals
14.1.13.3.2 Other Developments
14.1.14 Solaredge
14.1.14.1 Business Overview
14.1.14.2 Products/Services/Solutions Offered
14.1.15 Tata Power Solar Systems Ltd.
14.1.15.1 Business Overview
14.1.15.2 Products/Services/Solutions Offered
14.1.15.3 Recent Developments
14.1.15.3.1 Product Launches
14.1.15.3.2 Deals
14.1.15.3.3 Expansions
14.1.15.3.4 Other Developments
14.2 Other Players
14.2.1 Znshine Pv-tech Co., Ltd.
14.2.2 Yingli Solar
14.2.3 Wuxi Suntech Power Co., Ltd.
14.2.4 Crossroads Solar
14.2.5 Seg Solar
14.2.6 Neosun Inc.
14.2.7 Auxin Solar Inc.
14.2.8 Solitek
14.2.9 Saatvik Solar
14.2.10 Silfab Solar Inc.
15 Appendix
15.1 Insights From Industry Experts
15.2 Discussion Guide
15.3 Knowledgestore: Marketsandmarkets' Subscription Portal
15.4 Customization Options
15.5 Related Reports
15.6 Author Details

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