Global Bifacial Solar Market

Bifacial Solar Comprehensive Study by Type (Framed, Frameless), Application (Residential, Commercial, Industrial), By Panels (Glass-Glass, Glass-Transparent Backsheet, Glass-Backsheet), By Installation (Ground-Mounted, Rooftop), By Variant (Passivated Emitter Rear Contact (PECR), Passivated Emitter Rear Locally-diffused (PERL), Passivated Emitter Rear Totally-diffused (PERT), Heterojunction with Intrinsic Thin-layer (HIT), Interdigitated Back Contact (IBC))

Bifacial Solar Market by XX Submarkets | Forecast Years 2024-2030 | CAGR: 16.1%  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
About Bifacial Solar
Bifacial solar panels are a new generation of solar technology. A bifacial panel is a dual-sided energy factory that converts sunlight into electricity on its top and bottom. These panels are different than monofacial solar panels, which use only one side of the sun for energy production. Bifacials have solar panels at the top and rear side, although they are monocrystalline. In bifacials solar panel the protective glass is used to cover the top of each module. The reverse side may have a transparent back sheet or glass. This is a different approach to conventional solar panels with opaque backings.

AttributesDetails
Study Period2018-2030
Base Year2023
UnitValue (USD Million)
CAGR16.1%


The global bifacial solar market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. The key market players are also constantly focus on R&D to supply industries with the most efficient and cost effective. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Bifacial Solar market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.

LONGi Solar (China), JinkoSolar (China), JA Solar (China), Trina Solar (China), Canadian Solar (Canada), Hanwha Q CELLS (South Korea), SunPower (United States), REC Group (Norway), First Solar (United States), Risen Energy (China), Seraphim Energy (China), Boviet Solar (China), Huasun Renewables (China) and Astronergy (China) are some of the key players that are part of study coverage.

Segmentation Overview
AMA Research has segmented the market of Global Bifacial Solar market by Type (Framed and Frameless), Application (Residential, Commercial and Industrial) and Region.



On the basis of geography, the market of Bifacial Solar has been segmented into . If we see Market by By Panels, the sub-segment i.e. Glass-Glass will boost the Bifacial Solar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Installation , the sub-segment i.e. Ground-Mounted will boost the Bifacial Solar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Variant, the sub-segment i.e. Passivated Emitter Rear Contact (PECR) will boost the Bifacial Solar market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Influencing Trend:
Increasing Demand of Solar Tracking Technology and The Increasing Demand of Glass-Backsheet Bifacial Solar Panel

Market Growth Drivers:
Bifacial Solar Increases the Energy Production as Compare to Monofacial Solar, The Growing Importance of Greenhouse Gas Emission and Growing Popularity of Bifacial Solar Panel in Customer

Challenges:
Lack of availability of Skilled Labors and Competition from Established Monofacial Market

Restraints:
The High Cost of Bifacial Solar is a Significant Hurdle to its Wider Adoption and Installation of Bifacial Solar Panel is Expensive

Opportunities:
Increasing Focused on Development to Improve Efficiency and Increasing Government Subsidies and Incentives on Bifacial Solar

Market Leaders and their expansionary development strategies
In July 2023, Hanwha Q CELLS, a leading solar panel manufacturer, announced that it had acquired the bifacial solar panel business of LG Energy Solution. The deal is expected to close in the fourth quarter of 2023. This merger will create a global leader in bifacial solar panel manufacturing, with a combined capacity of 15 GW.
In June 2023, JinkoSolar, another leading solar panel manufacturer, announced the launch of its new Tiger Neo bifacial solar panel. The Tiger Neo is JinkoSolar's most powerful bifacial panel yet, with an efficiency of up to 22.3%.


Key Target Audience
New Entrants/Investors, Manufacturer, Suppliers & Distributers, Government Regulatory and Research Organizations, End-User Industries and Others

About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.

Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.

The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.

Report Objectives / Segmentation Covered

By Type
  • Framed
  • Frameless
By Application
  • Residential
  • Commercial
  • Industrial
By By Panels
  • Glass-Glass
  • Glass-Transparent Backsheet
  • Glass-Backsheet

By By Installation
  • Ground-Mounted
  • Rooftop

By By Variant
  • Passivated Emitter Rear Contact (PECR)
  • Passivated Emitter Rear Locally-diffused (PERL)
  • Passivated Emitter Rear Totally-diffused (PERT)
  • Heterojunction with Intrinsic Thin-layer (HIT)
  • Interdigitated Back Contact (IBC)

By Regions
    • 1. Market Overview
      • 1.1. Introduction
      • 1.2. Scope/Objective of the Study
        • 1.2.1. Research Objective
    • 2. Executive Summary
      • 2.1. Introduction
    • 3. Market Dynamics
      • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Bifacial Solar Increases the Energy Production as Compare to Monofacial Solar
        • 3.2.2. The Growing Importance of Greenhouse Gas Emission
        • 3.2.3. Growing Popularity of Bifacial Solar Panel in Customer
      • 3.3. Market Challenges
        • 3.3.1. Lack of availability of Skilled Labors
        • 3.3.2. Competition from Established Monofacial Market
      • 3.4. Market Trends
        • 3.4.1. Increasing Demand of Solar Tracking Technology
        • 3.4.2. The Increasing Demand of Glass-Backsheet Bifacial Solar Panel
    • 4. Market Factor Analysis
      • 4.1. Porters Five Forces
      • 4.2. Supply/Value Chain
      • 4.3. PESTEL analysis
      • 4.4. Market Entropy
      • 4.5. Patent/Trademark Analysis
    • 5. Global Bifacial Solar, by Type, Application, By Panels, By Installation and By Variant (value, volume and price ) (2018-2023)
      • 5.1. Introduction
      • 5.2. Global Bifacial Solar (Value)
        • 5.2.1. Global Bifacial Solar by: Type (Value)
          • 5.2.1.1. Framed
          • 5.2.1.2. Frameless
        • 5.2.2. Global Bifacial Solar by: Application (Value)
          • 5.2.2.1. Residential
          • 5.2.2.2. Commercial
          • 5.2.2.3. Industrial
        • 5.2.3. Global Bifacial Solar by: By Panels (Value)
          • 5.2.3.1. Glass-Glass
          • 5.2.3.2. Glass-Transparent Backsheet
          • 5.2.3.3. Glass-Backsheet
        • 5.2.4. Global Bifacial Solar by: By Variant (Value)
          • 5.2.4.1. Passivated Emitter Rear Contact (PECR)
          • 5.2.4.2. Passivated Emitter Rear Locally-diffused (PERL)
          • 5.2.4.3. Passivated Emitter Rear Totally-diffused (PERT)
          • 5.2.4.4. Heterojunction with Intrinsic Thin-layer (HIT)
          • 5.2.4.5. Interdigitated Back Contact (IBC)
      • 5.3. Global Bifacial Solar (Volume)
        • 5.3.1. Global Bifacial Solar by: Type (Volume)
          • 5.3.1.1. Framed
          • 5.3.1.2. Frameless
        • 5.3.2. Global Bifacial Solar by: Application (Volume)
          • 5.3.2.1. Residential
          • 5.3.2.2. Commercial
          • 5.3.2.3. Industrial
        • 5.3.3. Global Bifacial Solar by: By Panels (Volume)
          • 5.3.3.1. Glass-Glass
          • 5.3.3.2. Glass-Transparent Backsheet
          • 5.3.3.3. Glass-Backsheet
        • 5.3.4. Global Bifacial Solar by: By Variant (Volume)
          • 5.3.4.1. Passivated Emitter Rear Contact (PECR)
          • 5.3.4.2. Passivated Emitter Rear Locally-diffused (PERL)
          • 5.3.4.3. Passivated Emitter Rear Totally-diffused (PERT)
          • 5.3.4.4. Heterojunction with Intrinsic Thin-layer (HIT)
          • 5.3.4.5. Interdigitated Back Contact (IBC)
      • 5.4. Global Bifacial Solar (Price)
        • 5.4.1. Global Bifacial Solar by: Type (Price)
    • 6. Bifacial Solar: Manufacturers/Players Analysis
      • 6.1. Competitive Landscape
        • 6.1.1. Market Share Analysis
          • 6.1.1.1. Top 3
          • 6.1.1.2. Top 5
      • 6.2. Peer Group Analysis (2023)
      • 6.3. BCG Matrix
      • 6.4. Company Profile
        • 6.4.1. LONGi Solar (China)
          • 6.4.1.1. Business Overview
          • 6.4.1.2. Products/Services Offerings
          • 6.4.1.3. Financial Analysis
          • 6.4.1.4. SWOT Analysis
        • 6.4.2. JinkoSolar (China)
          • 6.4.2.1. Business Overview
          • 6.4.2.2. Products/Services Offerings
          • 6.4.2.3. Financial Analysis
          • 6.4.2.4. SWOT Analysis
        • 6.4.3. JA Solar (China)
          • 6.4.3.1. Business Overview
          • 6.4.3.2. Products/Services Offerings
          • 6.4.3.3. Financial Analysis
          • 6.4.3.4. SWOT Analysis
        • 6.4.4. Trina Solar (China)
          • 6.4.4.1. Business Overview
          • 6.4.4.2. Products/Services Offerings
          • 6.4.4.3. Financial Analysis
          • 6.4.4.4. SWOT Analysis
        • 6.4.5. Canadian Solar (Canada)
          • 6.4.5.1. Business Overview
          • 6.4.5.2. Products/Services Offerings
          • 6.4.5.3. Financial Analysis
          • 6.4.5.4. SWOT Analysis
        • 6.4.6. Hanwha Q CELLS (South Korea)
          • 6.4.6.1. Business Overview
          • 6.4.6.2. Products/Services Offerings
          • 6.4.6.3. Financial Analysis
          • 6.4.6.4. SWOT Analysis
        • 6.4.7. SunPower (United States)
          • 6.4.7.1. Business Overview
          • 6.4.7.2. Products/Services Offerings
          • 6.4.7.3. Financial Analysis
          • 6.4.7.4. SWOT Analysis
        • 6.4.8. REC Group (Norway)
          • 6.4.8.1. Business Overview
          • 6.4.8.2. Products/Services Offerings
          • 6.4.8.3. Financial Analysis
          • 6.4.8.4. SWOT Analysis
        • 6.4.9. First Solar (United States)
          • 6.4.9.1. Business Overview
          • 6.4.9.2. Products/Services Offerings
          • 6.4.9.3. Financial Analysis
          • 6.4.9.4. SWOT Analysis
        • 6.4.10. Risen Energy (China)
          • 6.4.10.1. Business Overview
          • 6.4.10.2. Products/Services Offerings
          • 6.4.10.3. Financial Analysis
          • 6.4.10.4. SWOT Analysis
        • 6.4.11. Seraphim Energy (China)
          • 6.4.11.1. Business Overview
          • 6.4.11.2. Products/Services Offerings
          • 6.4.11.3. Financial Analysis
          • 6.4.11.4. SWOT Analysis
        • 6.4.12. Boviet Solar (China)
          • 6.4.12.1. Business Overview
          • 6.4.12.2. Products/Services Offerings
          • 6.4.12.3. Financial Analysis
          • 6.4.12.4. SWOT Analysis
        • 6.4.13. Huasun Renewables (China)
          • 6.4.13.1. Business Overview
          • 6.4.13.2. Products/Services Offerings
          • 6.4.13.3. Financial Analysis
          • 6.4.13.4. SWOT Analysis
        • 6.4.14. Astronergy (China)
          • 6.4.14.1. Business Overview
          • 6.4.14.2. Products/Services Offerings
          • 6.4.14.3. Financial Analysis
          • 6.4.14.4. SWOT Analysis
    • 7. Global Bifacial Solar Sale, by Type, Application, By Panels, By Installation and By Variant (value, volume and price ) (2025-2030)
      • 7.1. Introduction
      • 7.2. Global Bifacial Solar (Value)
        • 7.2.1. Global Bifacial Solar by: Type (Value)
          • 7.2.1.1. Framed
          • 7.2.1.2. Frameless
        • 7.2.2. Global Bifacial Solar by: Application (Value)
          • 7.2.2.1. Residential
          • 7.2.2.2. Commercial
          • 7.2.2.3. Industrial
        • 7.2.3. Global Bifacial Solar by: By Panels (Value)
          • 7.2.3.1. Glass-Glass
          • 7.2.3.2. Glass-Transparent Backsheet
          • 7.2.3.3. Glass-Backsheet
        • 7.2.4. Global Bifacial Solar by: By Variant (Value)
          • 7.2.4.1. Passivated Emitter Rear Contact (PECR)
          • 7.2.4.2. Passivated Emitter Rear Locally-diffused (PERL)
          • 7.2.4.3. Passivated Emitter Rear Totally-diffused (PERT)
          • 7.2.4.4. Heterojunction with Intrinsic Thin-layer (HIT)
          • 7.2.4.5. Interdigitated Back Contact (IBC)
      • 7.3. Global Bifacial Solar (Volume)
        • 7.3.1. Global Bifacial Solar by: Type (Volume)
          • 7.3.1.1. Framed
          • 7.3.1.2. Frameless
        • 7.3.2. Global Bifacial Solar by: Application (Volume)
          • 7.3.2.1. Residential
          • 7.3.2.2. Commercial
          • 7.3.2.3. Industrial
        • 7.3.3. Global Bifacial Solar by: By Panels (Volume)
          • 7.3.3.1. Glass-Glass
          • 7.3.3.2. Glass-Transparent Backsheet
          • 7.3.3.3. Glass-Backsheet
        • 7.3.4. Global Bifacial Solar by: By Variant (Volume)
          • 7.3.4.1. Passivated Emitter Rear Contact (PECR)
          • 7.3.4.2. Passivated Emitter Rear Locally-diffused (PERL)
          • 7.3.4.3. Passivated Emitter Rear Totally-diffused (PERT)
          • 7.3.4.4. Heterojunction with Intrinsic Thin-layer (HIT)
          • 7.3.4.5. Interdigitated Back Contact (IBC)
      • 7.4. Global Bifacial Solar (Price)
        • 7.4.1. Global Bifacial Solar by: Type (Price)
    • 8. Appendix
      • 8.1. Acronyms
    • 9. Methodology and Data Source
      • 9.1. Methodology/Research Approach
        • 9.1.1. Research Programs/Design
        • 9.1.2. Market Size Estimation
        • 9.1.3. Market Breakdown and Data Triangulation
      • 9.2. Data Source
        • 9.2.1. Secondary Sources
        • 9.2.2. Primary Sources
      • 9.3. Disclaimer
    List of Tables
    • Table 1. Bifacial Solar: by Type(USD Million)
    • Table 2. Bifacial Solar: by Application(USD Million)
    • Table 3. Bifacial Solar: by By Panels(USD Million)
    • Table 4. Bifacial Solar: by By Variant(USD Million)
    • Table 5. Bifacial Solar Sales: by Type(K Units )
    • Table 6. Bifacial Solar Sales: by Application(K Units )
    • Table 7. Bifacial Solar Sales: by By Panels(K Units )
    • Table 8. Bifacial Solar Sales: by By Variant(K Units )
    • Table 9. Bifacial Solar: by Type(USD/Units)
    • Table 10. Company Basic Information, Sales Area and Its Competitors
    • Table 11. Company Basic Information, Sales Area and Its Competitors
    • Table 12. Company Basic Information, Sales Area and Its Competitors
    • Table 13. Company Basic Information, Sales Area and Its Competitors
    • Table 14. Company Basic Information, Sales Area and Its Competitors
    • Table 15. Company Basic Information, Sales Area and Its Competitors
    • Table 16. Company Basic Information, Sales Area and Its Competitors
    • Table 17. Company Basic Information, Sales Area and Its Competitors
    • Table 18. Company Basic Information, Sales Area and Its Competitors
    • Table 19. Company Basic Information, Sales Area and Its Competitors
    • Table 20. Company Basic Information, Sales Area and Its Competitors
    • Table 21. Company Basic Information, Sales Area and Its Competitors
    • Table 22. Company Basic Information, Sales Area and Its Competitors
    • Table 23. Company Basic Information, Sales Area and Its Competitors
    • Table 24. Bifacial Solar: by Type(USD Million)
    • Table 25. Bifacial Solar: by Application(USD Million)
    • Table 26. Bifacial Solar: by By Panels(USD Million)
    • Table 27. Bifacial Solar: by By Variant(USD Million)
    • Table 28. Bifacial Solar Sales: by Type(K Units )
    • Table 29. Bifacial Solar Sales: by Application(K Units )
    • Table 30. Bifacial Solar Sales: by By Panels(K Units )
    • Table 31. Bifacial Solar Sales: by By Variant(K Units )
    • Table 32. Bifacial Solar: by Type(USD/Units)
    • Table 33. Research Programs/Design for This Report
    • Table 34. Key Data Information from Secondary Sources
    • Table 35. Key Data Information from Primary Sources
    List of Figures
    • Figure 1. Porters Five Forces
    • Figure 2. Supply/Value Chain
    • Figure 3. PESTEL analysis
    • Figure 4. Global Bifacial Solar: by Type USD Million (2018-2023)
    • Figure 5. Global Bifacial Solar: by Application USD Million (2018-2023)
    • Figure 6. Global Bifacial Solar: by By Panels USD Million (2018-2023)
    • Figure 7. Global Bifacial Solar: by By Variant USD Million (2018-2023)
    • Figure 8. Global Bifacial Solar: by Type K Units (2018-2023)
    • Figure 9. Global Bifacial Solar: by Application K Units (2018-2023)
    • Figure 10. Global Bifacial Solar: by By Panels K Units (2018-2023)
    • Figure 11. Global Bifacial Solar: by By Variant K Units (2018-2023)
    • Figure 12. Global Bifacial Solar: by Type USD/Units (2018-2023)
    • Figure 13. Global Bifacial Solar share by Players 2023 (%)
    • Figure 14. Global Bifacial Solar share by Players (Top 3) 2023(%)
    • Figure 15. Global Bifacial Solar share by Players (Top 5) 2023(%)
    • Figure 16. BCG Matrix for key Companies
    • Figure 17. LONGi Solar (China) Revenue, Net Income and Gross profit
    • Figure 18. LONGi Solar (China) Revenue: by Geography 2023
    • Figure 19. JinkoSolar (China) Revenue, Net Income and Gross profit
    • Figure 20. JinkoSolar (China) Revenue: by Geography 2023
    • Figure 21. JA Solar (China) Revenue, Net Income and Gross profit
    • Figure 22. JA Solar (China) Revenue: by Geography 2023
    • Figure 23. Trina Solar (China) Revenue, Net Income and Gross profit
    • Figure 24. Trina Solar (China) Revenue: by Geography 2023
    • Figure 25. Canadian Solar (Canada) Revenue, Net Income and Gross profit
    • Figure 26. Canadian Solar (Canada) Revenue: by Geography 2023
    • Figure 27. Hanwha Q CELLS (South Korea) Revenue, Net Income and Gross profit
    • Figure 28. Hanwha Q CELLS (South Korea) Revenue: by Geography 2023
    • Figure 29. SunPower (United States) Revenue, Net Income and Gross profit
    • Figure 30. SunPower (United States) Revenue: by Geography 2023
    • Figure 31. REC Group (Norway) Revenue, Net Income and Gross profit
    • Figure 32. REC Group (Norway) Revenue: by Geography 2023
    • Figure 33. First Solar (United States) Revenue, Net Income and Gross profit
    • Figure 34. First Solar (United States) Revenue: by Geography 2023
    • Figure 35. Risen Energy (China) Revenue, Net Income and Gross profit
    • Figure 36. Risen Energy (China) Revenue: by Geography 2023
    • Figure 37. Seraphim Energy (China) Revenue, Net Income and Gross profit
    • Figure 38. Seraphim Energy (China) Revenue: by Geography 2023
    • Figure 39. Boviet Solar (China) Revenue, Net Income and Gross profit
    • Figure 40. Boviet Solar (China) Revenue: by Geography 2023
    • Figure 41. Huasun Renewables (China) Revenue, Net Income and Gross profit
    • Figure 42. Huasun Renewables (China) Revenue: by Geography 2023
    • Figure 43. Astronergy (China) Revenue, Net Income and Gross profit
    • Figure 44. Astronergy (China) Revenue: by Geography 2023
    • Figure 45. Global Bifacial Solar: by Type USD Million (2025-2030)
    • Figure 46. Global Bifacial Solar: by Application USD Million (2025-2030)
    • Figure 47. Global Bifacial Solar: by By Panels USD Million (2025-2030)
    • Figure 48. Global Bifacial Solar: by By Variant USD Million (2025-2030)
    • Figure 49. Global Bifacial Solar: by Type K Units (2025-2030)
    • Figure 50. Global Bifacial Solar: by Application K Units (2025-2030)
    • Figure 51. Global Bifacial Solar: by By Panels K Units (2025-2030)
    • Figure 52. Global Bifacial Solar: by By Variant K Units (2025-2030)
    • Figure 53. Global Bifacial Solar: by Type USD/Units (2025-2030)
    List of companies from research coverage that are profiled in the study
    • LONGi Solar (China)
    • JinkoSolar (China)
    • JA Solar (China)
    • Trina Solar (China)
    • Canadian Solar (Canada)
    • Hanwha Q CELLS (South Korea)
    • SunPower (United States)
    • REC Group (Norway)
    • First Solar (United States)
    • Risen Energy (China)
    • Seraphim Energy (China)
    • Boviet Solar (China)
    • Huasun Renewables (China)
    • Astronergy (China)
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    Key Highlights of Report


    Jan 2024 208 Pages 65 Tables Base Year: 2023 Coverage: 15+ Companies; 18 Countries

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    Frequently Asked Questions (FAQ):

    The standard version of the report profiles players such as LONGi Solar (China), JinkoSolar (China), JA Solar (China), Trina Solar (China), Canadian Solar (Canada), Hanwha Q CELLS (South Korea), SunPower (United States), REC Group (Norway), First Solar (United States), Risen Energy (China), Seraphim Energy (China), Boviet Solar (China), Huasun Renewables (China) and Astronergy (China) etc.
    The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
    "Increasing Demand of Solar Tracking Technology " is seen as one of major influencing trends for Bifacial Solar Market during projected period 2023-2030.
    The Bifacial Solar market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete company list in our research coverage.

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