Bifacial Solar Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type
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Introduction
Bifacial solar panels, capable of generating electricity from both sides by capturing direct and reflected sunlight, represent a transformative technology in the renewable energy sector. These panels, leveraging advanced photovoltaic materials, offer higher energy yields compared to traditional monofacial panels, making them ideal for diverse applications. The technology is widely adopted in residential, commercial, industrial, and utility-scale projects, driven by the global push for clean energy and carbon neutrality. The increasing deployment of solar farms, with over 1,200 gigawatts of global solar capacity installed by 2024, underscores the rising demand for efficient solutions like bifacial panels. Additionally, supportive government policies, declining costs of solar components, and innovations in module design further propel market growth.
Market Size and Growth Forecast
The global bifacial solar market is projected to reach between USD 14 billion and USD 19 billion by 2025, with a compound annual growth rate (CAGR) of 11% to 16% through 2030. This growth reflects the increasing adoption of high-efficiency solar technologies and expanding renewable energy investments worldwide.
Regional Analysis
North America: The U.S. leads with large-scale solar projects and favorable incentives, while Canada focuses on integrating bifacial panels in cold climates for enhanced albedo effects.
Europe: Germany, Spain, and the Netherlands dominate, driven by ambitious renewable energy targets and advanced solar infrastructure.
Asia Pacific: China and India see rapid growth due to massive solar capacity additions, while Japan emphasizes high-efficiency bifacial systems for space-constrained installations.
Rest of the World: Brazil expands solar adoption in utility-scale projects, and the Middle East, particularly Saudi Arabia, invests in bifacial technology for desert-based solar farms.
Application Analysis
Residential: Expected growth of 10.5-15.0%, driven by rooftop installations and consumer demand for energy independence. Trends focus on cost-effective, aesthetically pleasing designs.
Commercial & Industrial: Projected growth of 11.0-16.0%, linked to corporate sustainability goals. Developments emphasize scalable, high-yield systems.
Utilities: Anticipated growth of 12.0-17.0%, tied to large-scale solar farms. Advances prioritize integration with energy storage and grid stability solutions.
Type Analysis
Dual-glass Bifacial Solar: Expected growth of 11.5-16.5%, valued for durability and high energy output. Trends focus on enhanced transparency and reduced degradation.
Glass-backsheet Bifacial Solar: Projected growth of 10.0-14.5%, appreciated for cost-effectiveness. Developments highlight improved backsheet materials for longevity.
Key Market Players
Leading companies include LONGi, offering high-efficiency bifacial modules; Trina Solar, innovating in large-scale applications; LG Electronics, focusing on premium residential solutions; MegaCell, advancing cell technology; Neo Solar Power, enhancing module performance; Panasonic, prioritizing reliability; Prism Solar, specializing in innovative designs; SolarWorld, targeting commercial projects; Yingli Green Energy, expanding in emerging markets; and Lumos Solar, focusing on aesthetic integration. These firms drive growth through technological advancements and strategic partnerships.
Porter's Five Forces Analysis
Threat of New Entrants: Moderate, due to high R&D and manufacturing costs, though new players can enter with innovative designs.
Threat of Substitutes: Low, as bifacial panels offer superior efficiency with limited direct alternatives.
Bargaining Power of Buyers: Moderate, with utilities seeking cost-competitive solutions while balancing performance requirements.
Bargaining Power of Suppliers: Low, due to abundant raw material suppliers, reducing dependency risks.
Competitive Rivalry: High, with firms competing on efficiency, cost, and scalability.
Market Opportunities and Challenges
Opportunities: The global solar capacity exceeding 1,200 gigawatts by 2024 drives demand for high-efficiency bifacial panels. Supportive policies, such as tax incentives and renewable energy mandates, enhance adoption. Innovations like LONGi’s high-efficiency modules and Trina’s large-format designs improve yields, while emerging markets offer significant growth potential.
Challenges: High initial investment costs limit adoption in developing regions. Supply chain disruptions for critical materials like silicon pose risks. Limited awareness of bifacial technology benefits in some markets slows penetration.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Bifacial Solar Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Bifacial Solar by Region
8.2 Import of Bifacial Solar by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Bifacial Solar Market in North America (2020-2030)
9.1 Bifacial Solar Market Size
9.2 Bifacial Solar Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Bifacial Solar Market in South America (2020-2030)
10.1 Bifacial Solar Market Size
10.2 Bifacial Solar Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Bifacial Solar Market in Asia & Pacific (2020-2030)
11.1 Bifacial Solar Market Size
11.2 Bifacial Solar Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southest Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Bifacial Solar Market in Europe (2020-2030)
12.1 Bifacial Solar Market Size
12.2 Bifacial Solar Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Bifacial Solar Market in MEA (2020-2030)
13.1 Bifacial Solar Market Size
13.2 Bifacial Solar Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Bifacial Solar Market (2020-2025)
14.1 Bifacial Solar Market Size
14.2 Bifacial Solar Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Bifacial Solar Market Forecast (2025-2030)
15.1 Bifacial Solar Market Size Forecast
15.2 Bifacial Solar Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 LONGi
15.1.1 Company Profile
15.1.2 Main Business and Bifacial Solar Information
15.1.3 SWOT Analysis of LONGi
15.1.4 LONGi Bifacial Solar Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Trina Solar
15.2.1 Company Profile
15.2.2 Main Business and Bifacial Solar Information
15.2.3 SWOT Analysis of Trina Solar
15.2.4 Trina Solar Bifacial Solar Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 LG Electronics
15.3.1 Company Profile
15.3.2 Main Business and Bifacial Solar Information
15.3.3 SWOT Analysis of LG Electronics
15.3.4 LG Electronics Bifacial Solar Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 MegaCell
15.4.1 Company Profile
15.4.2 Main Business and Bifacial Solar Information
15.4.3 SWOT Analysis of MegaCell
15.4.4 MegaCell Bifacial Solar Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Neo Solar Power
15.5.1 Company Profile
15.5.2 Main Business and Bifacial Solar Information
15.5.3 SWOT Analysis of Neo Solar Power
15.5.4 Neo Solar Power Bifacial Solar Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Panasonic
15.6.1 Company Profile
15.6.2 Main Business and Bifacial Solar Information
15.6.3 SWOT Analysis of Panasonic
15.6.4 Panasonic Bifacial Solar Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Research Scope Of Bifacial Solar Report
Table Data Sources Of Bifacial Solar Report
Table Major Assumptions Of Bifacial Solar Report
Table Bifacial Solar Classification
Table Bifacial Solar Applications List
Table Drivers Of Bifacial Solar Market
Table Restraints Of Bifacial Solar Market
Table Opportunities Of Bifacial Solar Market
Table Threats Of Bifacial Solar Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Bifacial Solar
Table Cost Structure Analysis Of Bifacial Solar
Table Key End Users List
Table Latest News Of Bifacial Solar Market
Table Merger And Acquisition List
Table Planned/Future Project Of Bifacial Solar Market
Table Policy Of Bifacial Solar Market
Table 2020-2030 Regional Export Of Bifacial Solar
Table 2020-2030 Regional Import Of Bifacial Solar
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Bifacial Solar Market Size And Market Volume List
Table 2020-2030 North America Bifacial Solar Demand List By Application
Table 2020-2025 North America Bifacial Solar Key Players Sales List
Table 2020-2025 North America Bifacial Solar Key Players Market Share List
Table 2020-2030 North America Bifacial Solar Demand List By Type
Table 2020-2025 North America Bifacial Solar Price List By Type
Table 2020-2030 United States Bifacial Solar Market Size And Market Volume List
Table 2020-2030 United States Bifacial Solar Import & Export List
Table 2020-2030 Canada Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Canada Bifacial Solar Import & Export List
Table 2020-2030 Mexico Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Mexico Bifacial Solar Import & Export List
Table 2020-2030 South America Bifacial Solar Market Size And Market Volume List
Table 2020-2030 South America Bifacial Solar Demand List By Application
Table 2020-2025 South America Bifacial Solar Key Players Sales List
Table 2020-2025 South America Bifacial Solar Key Players Market Share List
Table 2020-2030 South America Bifacial Solar Demand List By Type
Table 2020-2025 South America Bifacial Solar Price List By Type
Table 2020-2030 Brazil Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Brazil Bifacial Solar Import & Export List
Table 2020-2030 Argentina Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Argentina Bifacial Solar Import & Export List
Table 2020-2030 Chile Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Chile Bifacial Solar Import & Export List
Table 2020-2030 Peru Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Peru Bifacial Solar Import & Export List
Table 2020-2030 Asia & Pacific Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Bifacial Solar Demand List By Application
Table 2020-2025 Asia & Pacific Bifacial Solar Key Players Sales List
Table 2020-2025 Asia & Pacific Bifacial Solar Key Players Market Share List
Table 2020-2030 Asia & Pacific Bifacial Solar Demand List By Type
Table 2020-2025 Asia & Pacific Bifacial Solar Price List By Type
Table 2020-2030 China Bifacial Solar Market Size And Market Volume List
Table 2020-2030 China Bifacial Solar Import & Export List
Table 2020-2030 India Bifacial Solar Market Size And Market Volume List
Table 2020-2030 India Bifacial Solar Import & Export List
Table 2020-2030 Japan Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Japan Bifacial Solar Import & Export List
Table 2020-2030 South Korea Bifacial Solar Market Size And Market Volume List
Table 2020-2030 South Korea Bifacial Solar Import & Export List
Table 2020-2030 Southeast Asia Bifacial Solar Market Size List
Table 2020-2030 Southeast Asia Bifacial Solar Market Volume List
Table 2020-2030 Southeast Asia Bifacial Solar Import List
Table 2020-2030 Southeast Asia Bifacial Solar Export List
Table 2020-2030 Australia Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Australia Bifacial Solar Import & Export List
Table 2020-2030 Europe Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Europe Bifacial Solar Demand List By Application
Table 2020-2025 Europe Bifacial Solar Key Players Sales List
Table 2020-2025 Europe Bifacial Solar Key Players Market Share List
Table 2020-2030 Europe Bifacial Solar Demand List By Type
Table 2020-2025 Europe Bifacial Solar Price List By Type
Table 2020-2030 Germany Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Germany Bifacial Solar Import & Export List
Table 2020-2030 France Bifacial Solar Market Size And Market Volume List
Table 2020-2030 France Bifacial Solar Import & Export List
Table 2020-2030 United Kingdom Bifacial Solar Market Size And Market Volume List
Table 2020-2030 United Kingdom Bifacial Solar Import & Export List
Table 2020-2030 Italy Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Italy Bifacial Solar Import & Export List
Table 2020-2030 Spain Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Spain Bifacial Solar Import & Export List
Table 2020-2030 Belgium Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Belgium Bifacial Solar Import & Export List
Table 2020-2030 Netherlands Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Netherlands Bifacial Solar Import & Export List
Table 2020-2030 Austria Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Austria Bifacial Solar Import & Export List
Table 2020-2030 Poland Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Poland Bifacial Solar Import & Export List
Table 2020-2030 Russia Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Russia Bifacial Solar Import & Export List
Table 2020-2030 Mea Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Mea Bifacial Solar Demand List By Application
Table 2020-2025 Mea Bifacial Solar Key Players Sales List
Table 2020-2025 Mea Bifacial Solar Key Players Market Share List
Table 2020-2030 Mea Bifacial Solar Demand List By Type
Table 2020-2025 Mea Bifacial Solar Price List By Type
Table 2020-2030 Egypt Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Egypt Bifacial Solar Import & Export List
Table 2020-2030 Israel Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Israel Bifacial Solar Import & Export List
Table 2020-2030 South Africa Bifacial Solar Market Size And Market Volume List
Table 2020-2030 South Africa Bifacial Solar Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Bifacial Solar Import & Export List
Table 2020-2030 Turkey Bifacial Solar Market Size And Market Volume List
Table 2020-2030 Turkey Bifacial Solar Import & Export List
Table 2020-2025 Global Bifacial Solar Market Size List By Region
Table 2020-2025 Global Bifacial Solar Market Size Share List By Region
Table 2020-2025 Global Bifacial Solar Market Volume List By Region
Table 2020-2025 Global Bifacial Solar Market Volume Share List By Region
Table 2020-2025 Global Bifacial Solar Demand List By Application
Table 2020-2025 Global Bifacial Solar Demand Market Share List By Application
Table 2020-2025 Global Bifacial Solar Key Vendors Sales List
Table 2020-2025 Global Bifacial Solar Key Vendors Sales Share List
Table 2020-2025 Global Bifacial Solar Key Vendors Revenue List
Table 2020-2025 Global Bifacial Solar Key Vendors Revenue Share List
Table 2020-2025 Global Bifacial Solar Demand List By Type
Table 2020-2025 Global Bifacial Solar Demand Market Share List By Type
Table 2020-2025 Regional Bifacial Solar Price List
Table 2025-2030 Global Bifacial Solar Market Size List By Region
Table 2025-2030 Global Bifacial Solar Market Size Share List By Region
Table 2025-2030 Global Bifacial Solar Market Volume List By Region
Table 2025-2030 Global Bifacial Solar Market Volume Share List By Region
Table 2025-2030 Global Bifacial Solar Demand List By Application
Table 2025-2030 Global Bifacial Solar Demand Market Share List By Application
Table 2025-2030 Global Bifacial Solar Key Vendors Sales List
Table 2025-2030 Global Bifacial Solar Key Vendors Sales Share List
Table 2025-2030 Global Bifacial Solar Key Vendors Revenue List
Table 2025-2030 Global Bifacial Solar Key Vendors Revenue Share List
Table 2025-2030 Global Bifacial Solar Demand List By Type
Table 2025-2030 Global Bifacial Solar Demand Market Share List By Type
Table 2025-2030 Bifacial Solar Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Bifacial Solar Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Bifacial Solar Market Size And Cagr
Figure 2020-2030 North America Bifacial Solar Market Volume And Cagr
Figure 2020-2030 South America Bifacial Solar Market Size And Cagr
Figure 2020-2030 South America Bifacial Solar Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Bifacial Solar Market Size And Cagr
Figure 2020-2030 Asia & Pacific Bifacial Solar Market Volume And Cagr
Figure 2020-2030 Europe Bifacial Solar Market Size And Cagr
Figure 2020-2030 Europe Bifacial Solar Market Volume And Cagr
Figure 2020-2030 Mea Bifacial Solar Market Size And Cagr
Figure 2020-2030 Mea Bifacial Solar Market Volume And Cagr
Figure 2020-2025 Global Bifacial Solar Market Volume And Growth Rate
Figure 2020-2025 Global Bifacial Solar Market Size And Growth Rate
Figure 2025-2030 Global Bifacial Solar Market Volume And Growth Rate
Figure 2025-2030 Global Bifacial Solar Market Size And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |