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Bifacial Solar Market Size, Share, Growth & Industry Analysis, By Type (Dual-Glass Bifacial Solar Panels, Glass-Backsheet Bifacial Solar Panels), By Frame Type (Framed, Frameless), By Cell Technology (Passivated Emitter Rear Contact (PERC)), By End-User, and Regional Analysis, 2025-2032
pages: 160 | baseYear: 2024 | release: June 2025 | author: Versha V.
The market comprises photovoltaic technologies that capture solar energy from both the front and rear of panels, enhancing energy yield. It includes bifacial solar modules, tracking systems, inverters, and mounting structures designed for optimal reflection and efficiency.
These solutions are used in utility-scale, commercial, and industrial solar installations, offering improved performance over traditional monofacial systems. The report examines industry trends, regional developments, and regulatory frameworks impacting market growth through the projection period.
The global bifacial solar market size was valued at USD 17.43 billion in 2024 and is projected to grow from USD 19.78 billion in 2025 to USD 52.75 billion by 2032, exhibiting a CAGR of 15.04% during the forecast period. Growing investment in large-scale solar projects and integration with tracking systems are fueling market growth by enhancing energy yield through dual-sided capture and optimized system performance.
Major companies operating in the bifacial solar industry are waaree.com, Tata Power Solar Systems Ltd., Targray Technology International Inc., SHARP CORPORATION, Canadian Solar., Jinko Solar., Wuxi Suntech Power Co., Ltd., Yingli Solar., Qcells., ReNew, Auxin Solar Inc., Zhejiang Chint New Energy Development Co. Ltd., SolarEdge Technologies Inc., SEG Solar, and Adani Group.
Utility-scale solar farm expansion in emerging economies is increasing the deployment of bifacial modules to maximize energy generation per installation. Their dual-surface absorption capability improves power yield without requiring additional space, offering a cost-effective solution for large-scale projects. This efficiency advantage is leading to greater adoption, supporting market expansion.
Market Driver
Increasing Investments in Large-Scale Solar Projects
The growth of the bifacial solar market is fueled by growing investments in large-scale solar projects , boosting the addition of bifacial modules. These modules, which capture sunlight on both sides to increase output, are gaining traction as funding for renewable energy expands. This factor is contributing significantly to the transition toward sustainable and efficient energy generation.
Market Challenge
High Upfront Setup Costs
The Bifacial Solar market faces challenges due to high upfront setup costs, as installations require customized mounting structures, optimized site layouts, and advanced tracking systems to ensure effective performance. These elevated initial expenses create financial barriers, especially for cost-sensitive projects.
To address this, manufacturers are focusing on simplifying system design and reducing installation complexity to lower overall costs. Emphasis is also being placed on demonstrating long term performance gains to support the economic viability of bifacial solar technologies.
Market Trend
Rising Adoption of Bifacial Panels with Solar Tracking Systems
The bifacial solar market is witnessing increasing integration of bifacial panels with solar tracking systems. This trend reflects a growing preference for system configurations that combine dual-sided energy capture with dynamic positioning. This configuration is gaining traction in large-scale projects, including both new deployments and retrofits.
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Segmentation |
Details |
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By Type |
Dual-Glass Bifacial Solar Panels, Glass-Backsheet Bifacial Solar Panels |
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By Frame Type |
Framed, Frameless |
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By Cell Technology |
Passivated Emitter Rear Contact (PERC), Tunnel Oxide Passivated Contact (TOPCon), Heterojunction (HJT) |
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By End-User |
Utility-Scale Solar Projects, Commercial & Industrial (C&I) Sector, Residential Sector |
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By Region |
North America: U.S., Canada, Mexico |
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Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe | |
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Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific | |
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Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa | |
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South America: Brazil, Argentina, Rest of South America |
Market Segmentation
Based on region, the market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The Asia Pacific bifacial solar market share stood at around 36.73% in 2024, valued at USD 6.40 billion. This dominance is attributed to rapid industrialization and urbanization, leading to increased energy demand. The region’s emphasis on lowering carbon emissions and shifting toward sustainable energy solutions is boosting the adoption of bifacial solar technology.
Additionally, favorable government incentives and decreasing solar panel costs are promoting extensive deployment, reinforcing Asia Pacific’s leading position in the market.
The North America bifacial solar industry is estimated to grow at a robust CAGR of 15.44% over the forecast period. This growth is fostered by the development of advanced recycling infrastructure for bifacial solar panels, which supports sustainable lifecycle management and addresses environmental concerns.
Additionally, increasing investments in clean energy initiatives and stringent regulatory frameworks promoting responsible solar panel disposal accelerate regional market growth, positioning North America as a key region for bifacial solar.
Regulatory Frameworks
Leading companies in the bifacial solar industry are focusing on strategic acquisitions to enhance technological capabilities and market presence. Key players are acquiring specialized firms to strengthen their product portfolios and advance research and development in bifacial solar technologies.
These initiatives facilitate the integration of advanced materials and manufacturing processes, enabling more efficient and cost-effective solutions. This consolidation trend underscores the focus on competitive advantage and accelerated growth in the evolving bifacial solar sector.
Recent Developments (Investments)
