Bifacial solar technology refers to the ability of solar panels to capture sunlight from both sides, not just the front-facing surface. Bifacial solar panels have a transparent backsheet or a glass back that allows sunlight to pass through the panel and be reflected back to the front surface, increasing the amount of electricity generated.

Bifacial solar panels can use both direct sunlight and reflected sunlight from the ground, rooftops, and other nearby surfaces, making them more efficient and productive than traditional single-sided solar panels. This technology can also help reduce the overall cost of solar power, as fewer panels are needed to generate the same amount of energy.

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Bifacial solar panels can be mounted on a variety of surfaces, such as rooftops, ground-mounted structures, and floating solar installations. They are suitable for use in residential, commercial, and utility-scale solar projects. As technology advances, bifacial solar panels are becoming more efficient and cost-effective, making them a promising solution for sustainable energy generation.

Bifacial Solar Market Highlights

Bifacial Solar Market share is expected to reach USD 29.71 Billion, with a CAGR of 16.82% during the forecast period 2022-2030.

Key Players

The Key Players operating in the Global Bifacial Solar Market are bSolar, SolarWorld (Germany), LG Electronics (South Korea), MegaCell (Thailand), Neo Solar Power (Taiwan), Panasonic (Japan), Prism Solar (US), PVHardware (US), Yingli Green Energy (China), LONGi, Lumos Solar (China), Silfab (Canada), Sunpreme (US) and Trina Solar China).

The global bifacial solar market has been segmented based on cell, type, and end use. Based on cell, the global market is divided into heterojunction cell and passivated emitter rear cell. The passivated emitter real cell segment is expected to hold the larger share of the market and grow at the faster rate during the forecast period. Based on type, the global market is segmented into framed and frameless. The framed segment is estimated to grow at the faster rate during the forecast period due to the comparatively easy installation. Based on end use, the global bifacial solar market has been divided into commercial, residential, and industrial. The commercial segment is expected to hold the largest share within the global bifacial solar market during the forecast period.

Scope of the Report

This report provides an in-depth analysis of the global bifacial solar market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region.

The scope of the study segments the global bifacial solar market by cell, type, end-use, and region.

• Cell
  • Heterojunction cell
  • Passivated emitter rear cell

• Type
  • Framed
  • Frameless

• End-Use
  • Commercial
  • Residential
  • Industrial

• By Region
  • North America 
  • Asia-Pacific 
  • Europe
  • Middle East & Africa
  • South America