Bifacial Solar Market Size, Share, Trends, Industry Analysis Report: By Product Type (Framed Bifacial Module, Frameless Bifacial Module), By Panels Type, By Installation Type, By Technology, By End-User, and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2024 - 2032.
The global bifacial solar market size is expected to reach USD 22.97 billion by 2032, according to a new study by Polaris Market Research. The report “Bifacial Solar Market Size, Share,Trends, Industry Analysis Report: By Product Type (Framed Bifacial Module, Frameless Bifacial Module), By Panels Type, By Installation Type, By Technology, By End-User, and By Region, Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The bifacial solar market has emerged as a promising sector within the renewable energy landscape, driven by innovative technology and increasing global energy demands. Unlike traditional solar panels, bifacial solar panels can generate electricity from both their front and rear sides, significantly enhancing energy production efficiency. This capability, combined with their frameless design and tempered glass covering for weather and UV resistance, makes them durable and adaptable to various environmental conditions.
The increasing installation and benefits of bifacial solar panels drive the growth of bifacial solar. These panels offer several advantages over traditional ones, including the ability to generate power from both sides, leading to higher energy output. They are frameless and feature tempered glass on both sides, ensuring weather resistance, UV protection, and durability against high temperatures and strong winds.
Market players are leveraging digitization and technological advancements to expand their production capacities with improved cost efficiency and streamlined operations. Many bifacial module manufacturers are exploring innovative developments beyond their current product lines.
For instance, in 2019, HOLLYWOOD GROUP built the major Mono 125MW N-type bifacial power station in Oman, Middle East, and released transparent solar back sheet 2.0 products.
Furthermore, bifacial solar panels are making significant inroads into both utility-scale and distributed solar markets. Initially, these panels were predominantly adopted in utility-scale projects, such as large solar farms, owing to their ability to generate higher power output. Moreover, government policies and incentives are pivotal in shaping the solar energy market, including the adoption of bifacial panels. Favorable regulations, tax incentives, and subsidies offered by different countries and regions can significantly boost the deployment of bifacial solar panels across various sectors. These supportive measures underscore the growing importance of bifacial technology in expanding the bifacial solar market demand.
Bifacial Solar Market Report Highlights
- In 2023, the monocrystalline bifacial solar panels segment dominated the market due to higher efficiency compared to polycrystalline panels.
- The residential category is expected to witness significant growth during the forecast period. This is due to the increasing adoption of solar energy solutions, driven by declining solar panel costs, favorable government incentives, and growing environmental awareness among homeowners.
- In 2023, North America held the largest share of the global market due to the region's investment in utility-scale solar projects, commercial installations, and residential solar deployments.
- The Asia-Pacific bifacial solar market is anticipated to witness the highest CAGR during the forecast period due to rapid industrialization, urbanization, and population growth, leading to increased energy demand.
- The global key market players include LONGi, Jolywood Group, Trina Solar, JinkoSolar, Risen Energy Co., Ltd. LG Electronics, SunPower Corporation, Soleos, Premier Energies Limited, Canadian Solar, Sharp Electronics, Tigo Energy, Inc., Panasonic, Prism Solar Technologies, Neosun Inc, and Lumos Solar.
Bifacial Solar, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Framed Bifacial Module
- Frameless Bifacial Module
- Monocrystalline Bifacial Solar Panels
- Polycrystalline Bifacial Solar Panels
- Thin-Film Bifacial Solar Panels
- Glass Bifacial Solar Panels
- Backsheet Bifacial Solar Panels
- Ground-Mounted Bifacial Solar Panels
- Rooftop Bifacial Solar Panels
- Passivated Emitter Rear Cell (PERC)
- Heterojunction (HJT)
- Others Cell
- Commercial Sectors
- Industrial Sector
- Residential Sector
- Power Plants
- North America
Canada
- Europe
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
- Asia-Pacific
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia-Pacific
- Middle East & Africa
UAE
Israel
South Africa
Rest of Middle East & Africa
- Latin America
Brazil
Argentina
Rest of Latin America
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Generative AI in Animation Market Insights
- 4.1. Generative AI in Animation Market – Market Snapshot
- 4.2. Generative AI in Animation Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising Content Creation is Driving the Market Growth
- 4.2.1.2. Rising Advancements in Generative AI in Animation
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Complex Installation and Maintenance is Hindering the Adoption of Generative AI in Animations
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Generative AI in Animation Market Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Global Generative AI in Animation Market, by Component
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 5.3. Services
- 5.3.1. Global Generative AI in Animation Market, by Services, by Region, 2019-2032 (USD Billion)
- 5.4. Solutions
- 5.4.1. Global Generative AI in Animation Market, by Solutions, by Region, 2019-2032 (USD Billion)
- 6. Global Generative AI in Animation Market, by Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 6.3. GANs
- 6.3.1. Global Generative AI in Animation Market, by GANs, by Region, 2019-2032 (USD Billion)
- 6.4. Transformers
- 6.4.1. Global Generative AI in Animation Market, by Transformers, by Region, 2019-2032 (USD Billion)
- 6.5. VANs
- 6.5.1. Global Generative AI in Animation Market, by VANs, by Region, 2019-2032 (USD Billion)
- 6.6. Others
- 6.6.1. Global Generative AI in Animation Market, by Others, by Region, 2019-2032 (USD Billion)
- 7. Global Generative AI in Animation Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 7.3. Advertising
- 7.3.1. Global Generative AI in Animation Market, by Advertising, by Region, 2019-2032 (USD Billion)
- 7.4. Gaming
- 7.4.1. Global Generative AI in Animation Market, by Gaming, by Region, 2019-2032 (USD Billion)
- 7.5. Movie Production
- 7.5.1. Global Generative AI in Animation Market, by Movie Production, by Region, 2019-2032 (USD Billion)
- 7.6. Television
- 7.6.1. Global Generative AI in Animation Market, by Television, by Region, 2019-2032 (USD Billion)
- 7.7. Others
- 7.7.1. Global Generative AI in Animation Market, by Others, by Region, 2019-2032 (USD Billion)
- 8. Global Generative AI in Animation Market, by Geography
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Generative AI in Animation Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Generative AI in Animation Market – North America
- 8.3.1. North America: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.3.2. North America: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.3.3. North America: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.4. Generative AI in Animation Market – U.S.
- 8.3.4.1. U.S.: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.5. Generative AI in Animation Market – Canada
- 8.3.5.1. Canada: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.3.5.2. Canada: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.4. Generative AI in Animation Market – Europe
- 8.4.1. Europe: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.4.2. Europe: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.4.3. Europe: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.4. Generative AI in Animation Market – UK
- 8.4.4.1. UK: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.4.4.2. UK: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.5. Generative AI in Animation Market – France
- 8.4.5.1. France: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.4.5.2. France: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.4.5.3. France: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.6. Generative AI in Animation Market – Germany
- 8.4.6.1. Germany: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.4.6.2. Germany: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.7. Generative AI in Animation Market – Italy
- 8.4.7.1. Italy: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.4.7.2. Italy: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.8. Generative AI in Animation Market – Spain
- 8.4.8.1. Spain: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.4.8.2. Spain: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.9. Generative AI in Animation Market – Netherlands
- 8.4.9.1. Netherlands: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.10. Generative AI in Animation Market – Russia
- 8.4.10.1. Russia: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.4.10.2. Russia: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.11. Generative AI in Animation Market – Rest of Europe
- 8.4.11.1. Rest of Europe: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.4.11.2. Rest of Europe: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.4.11.3. Rest of Europe: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.5. Generative AI in Animation Market – Asia Pacific
- 8.5.1. Asia Pacific: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.4. Generative AI in Animation Market – China
- 8.5.4.1. China: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.5.4.2. China: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.5.4.3. China: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.5. Generative AI in Animation Market – India
- 8.5.5.1. India: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.5.5.2. India: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.5.5.3. India: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.6. Generative AI in Animation Market – Malaysia
- 8.5.6.1. Malaysia: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.7. Generative AI in Animation Market – Japan
- 8.5.7.1. Japan: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.5.7.2. Japan: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.8. Generative AI in Animation Market – Indonesia
- 8.5.8.1. Indonesia: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.9. Generative AI in Animation Market – South Korea
- 8.5.9.1. South Korea: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.10. Generative AI in Animation Market – Australia
- 8.5.10.1. Australia: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.5.10.2. Australia: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.5.10.3. Australia: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.11. Generative AI in Animation Market – Rest of Asia Pacific
- 8.5.11.1. Rest of Asia Pacific: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.5.11.2. Rest of Asia Pacific: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.5.11.3. Rest of Asia Pacific: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.6. Generative AI in Animation Market – Middle East & Africa
- 8.6.1. Middle East & Africa: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.4. Generative AI in Animation Market – Saudi Arabia
- 8.6.4.1. Saudi Arabia: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.5. Generative AI in Animation Market – UAE
- 8.6.5.1. UAE: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.6.5.2. UAE: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.6. Generative AI in Animation Market – Israel
- 8.6.6.1. Israel: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.6.6.2. Israel: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.7. Generative AI in Animation Market – South Africa
- 8.6.7.1. South Africa: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.8. Generative AI in Animation Market – Rest of Middle East & Africa
- 8.6.8.1. Rest of Middle East & Africa: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.6.8.2. Rest of Middle East & Africa: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.6.8.3. Rest of Middle East & Africa: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.7. Generative AI in Animation Market – Latin America
- 8.7.1. Latin America: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.7.2. Latin America: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.4. Generative AI in Animation Market – Mexico
- 8.7.4.1. Mexico: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.5. Generative AI in Animation Market – Brazil
- 8.7.5.1. Brazil: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.6. Generative AI in Animation Market – Argentina
- 8.7.6.1. Argentina: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.7. Generative AI in Animation Market – Rest of Latin America
- 8.7.7.1. Rest of Latin America: Generative AI in Animation Market, by Component, 2019-2032 (USD Billion)
- 8.7.7.2. Rest of Latin America: Generative AI in Animation Market, by Type, 2019-2032 (USD Billion)
- 8.7.7.3. Rest of Latin America: Generative AI in Animation Market, by End-Use, 2019-2032 (USD Billion)
- 9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
- 10. Company Profiles
- 10.1. Abode
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Autodesk Inc.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Blue Sky Studios
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. DreamWorks Animation
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Google LLC
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Kartoon Studios, Inc.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. NVIDIA Corporation
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Pixar Animation Studios
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. ServiceNow
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Walt Disney Animation Studios
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
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