Global Bifacial Solar Market
Report Scope:
This report analyzes different ongoing technologies and their feasibility at present. The report covers various segments by panel type, frame type, application and regional market development of the bifacial solar market. Furthermore, the regional market analysis has been sub-segmented by major countries in this report, such as the U.S., China, Germany, India and others, where the opportunities for deploying bifacial solar are lucrative.
The study is prepared in a simple, easy-to-understand format; tables and figures are included to illustrate historical, current and future market scenarios. The report also profiles leading companies with information on product portfolios. Also included is a list of other companies in global and regional markets. In addition, the report consists of a patent analysis for the bifacial solar market, representing a significant investment area for investors.
In this report, 2022 is used as the market’s base year, estimated values are provided for 2023, and the market values are forecast from 2023 through 2028. All market values are provided in billions of dollars, and market shares and CAGRs are provided in percentages
Report Includes:
This report analyzes different ongoing technologies and their feasibility at present. The report covers various segments by panel type, frame type, application and regional market development of the bifacial solar market. Furthermore, the regional market analysis has been sub-segmented by major countries in this report, such as the U.S., China, Germany, India and others, where the opportunities for deploying bifacial solar are lucrative.
The study is prepared in a simple, easy-to-understand format; tables and figures are included to illustrate historical, current and future market scenarios. The report also profiles leading companies with information on product portfolios. Also included is a list of other companies in global and regional markets. In addition, the report consists of a patent analysis for the bifacial solar market, representing a significant investment area for investors.
In this report, 2022 is used as the market’s base year, estimated values are provided for 2023, and the market values are forecast from 2023 through 2028. All market values are provided in billions of dollars, and market shares and CAGRs are provided in percentages
Report Includes:
- An overview of the global bifacial solar market
- Estimation of the market size and analyses of global market trends with data from 2022, 2023, estimates for 2024, 2026, and projections of compound annual growth rates (CAGRs) through 2028
- Highlights of the current and future market potential and quantification of the market by panel type, frame type, module type, installation, application, and region
- Identification of challenges and discussion on how to overcome from those to reach its commercialization potential
- Coverage of economic and environmental benefits, current status of ESG, and comparison of life cycle cost and environmental impact in the bifacial solar market
- Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies and a relevant patent analysis
- Comprehensive company profiles of the leading players of the industry
CHAPTER 1 INTRODUCTION
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Research Methodology
Information Sources
Geographic Breakdown
CHAPTER 2 SUMMARY AND HIGHLIGHTS
Market Outlook
Market Summary
CHAPTER 3 MARKET OVERVIEW
Overview
Market Dynamics
Market Drivers
Market Challenges
Patent Analysis
Overview
CHAPTER 4 GLOBAL MARKET ANALYSIS BY TYPE OF PANEL, MODULE, FRAME, INSTALLATION AND APPLICATION
Bifacial Solar Market, by Panel Type
Monocrystalline Solar Panel
Polycrystalline Solar Panel
Thin-Film Solar Panel
Bifacial Solar Market, by Module Type
Glass-glass
Glass-transparent Backsheet
Bifacial Solar Market, by Frame Type
Framed
Frameless
Bifacial Solar Market, by Installation
Ground-Mounted Solar Panel
Rooftop Solar Panel
Bifacial Solar Market, by Application
Residential
Commercial
Industrial
CHAPTER 5 GLOBAL MARKET BY REGION
Global Bifacial Solar Market, by Region
North America
Europe
Asia-Pacific
Rest of World
CHAPTER 6 SUSTAINABILITY IN BIFACIAL SOLAR INDUSTRY: AN ESG PERSPECTIVE
Overview
Environment Impact
Social Impact
Government Impact
Economic and Environmental Benefits
Comparison of Life Cycle Cost and Environmental Impact
Current Status of ESG in the Bifacial Solar Market
Concluding Remarks from BCC
CHAPTER 7 COMPETITIVE LANDSCAPE
Overview
Market Ranking Analysis
Key Developments
CHAPTER 8 COMPANY PROFILES
AESOLAR
CANADIAN SOLAR
HD HYUNDAI ENERGY SOLUTIONS CO., LTD.
JINKO SOLAR
LG ELECTRONICS
LONGI
SHARP CORP.
TRINA SOLAR CO., LTD.
WAAREE ENERGIES LTD.
WUXI SUNTECH POWER CO., LTD.
List of Emerging Players
Industry Organizations
CHAPTER 9 APPENDIX: ACRONYMS
List of Tables
Summary Table : Global Market for Bifacial Solar, by Region, Through 2028
Table 1 : Number of Patents Published on Bifacial Solar, 2021-2023
Table 2 : Global Market for Bifacial Solar, by Panel Type, Through 2028
Table 3 : Global Market for Bifacial Solar, by Module Type, Through 2028
Table 4 : Global Market for Bifacial Solar, by Frame Type, Through 2028
Table 5 : Global Market for Bifacial Solar, by Installation, Through 2028
Table 6 : Global Market for Bifacial Solar, by Application, Through 2028
Table 7 : Global Market for Bifacial Solar, by Region, Through 2028
Table 8 : North American Market for Bifacial Solar, by Country, Through 2028
Table 9 : North American Market for Bifacial Solar, by Panel Type, Through 2028
Table 10 : North American Market for Bifacial Solar, by Module Type, Through 2028
Table 11 : North American Market for Bifacial Solar, by Frame Type, Through 2028
Table 12 : North American Market for Bifacial Solar, by Installation, Through 2028
Table 13 : North American Market for Bifacial Solar, by Application, Through 2028
Table 14 : European Market for Bifacial Solar, by Country, Through 2028
Table 15 : European Market for Bifacial Solar, by Panel Type, Through 2028
Table 16 : European Market for Bifacial Solar, by Module Type, Through 2028
Table 17 : European Market for Bifacial Solar, by Frame Type, Through 2028
Table 18 : European Market for Bifacial Solar, by Installation, Through 2028
Table 19 : European Market for Bifacial Solar, by Application, Through 2028
Table 20 : Asia-Pacific Market for Bifacial Solar, by Country, Through 2028
Table 21 : Asia-Pacific Market for Bifacial Solar, by Panel Type, Through 2028
Table 22 : Asia-Pacific Market for Bifacial Solar, by Module Type, Through 2028
Table 23 : Asia-Pacific Market for Bifacial Solar, by Frame Type, Through 2028
Table 24 : Asia-Pacific Market for Bifacial Solar, by Installation, Through 2028
Table 25 : Asia-Pacific Market for Bifacial Solar, by Application, Through 2028
Table 26 : Rest of World Market for Bifacial Solar, by Sub-Region, Through 2028
Table 27 : Rest of World Market for Bifacial Solar, by Panel Type, Through 2028
Table 28 : Rest of World Market for Bifacial Solar, by Module Type, Through 2028
Table 29 : Rest of World Market for Bifacial Solar, by Frame Type, Through 2028
Table 30 : Rest of World Market for Bifacial Solar, by Installation, Through 2028
Table 31 : Rest of World Market for Bifacial Solar, by Application, Through 2028
Table 32 : ESG Rating of the Bifacial Solar Panel Providers
Table 33 : Market Ranking Analysis for Bifacial Solar in the Global Market
Table 34 : Contracts for Key Players, January 2021–August 2023
Table 35 : AE Solar: Product Portfolio
Table 36 : Canadian Solar Inc.: Product Portfolio
Table 37 : HD Hyundai Energy Solutions Co., Ltd.: Product Portfolio
Table 38 : Jinko Solar: Product Portfolio
Table 39 : LG Electronics: Product Portfolio
Table 40 : LONGi.: Product Portfolio
Table 41 : Sharp Corp.: Product Portfolio
Table 42 : Trina Solar Co., Ltd.: Product Portfolio
Table 43 : Waaree Energies Ltd.: Product Portfolio
Table 44 : Wuxi Suntech Power Co., Ltd.: Product Portfolio
Table 45 : List of Emerging Players in the Bifacial Solar Market
Table 46 : List of Resources Used for Bifacial Solar Market
Table 47 : Acronyms and Abbreviations Used in This Report
List of Figures
Summary Figure : Global Market Shares of Bifacial Solar, by Region, 2022
Figure A : Methodology Steps Adopted for the Global Bifacial Solar Market
Figure 1 : Capacity Addition of Renewable Energy, 2019-2027
Figure 2 : Increasing Electricity Consumption, Global, 2020-2022
Figure 3 : Global Patent Distribution for Bifacial Solar, by Region, 2022
Figure 4 : Global Market Shares of Bifacial Solar, by Panel Type, 2022
Figure 5 : Global Market Shares of Bifacial Solar, by Panel Type, 2028
Figure 6 : Global Market Shares of Bifacial Solar, by Module Type, 2022
Figure 7 : Global Market Shares of Bifacial Solar, by Module Type, 2028
Figure 8 : Global Market Shares of Bifacial Solar, by Frame Type, 2022
Figure 9 : Global Market Shares of Bifacial Solar, by Frame Type, 2028
Figure 10 : Global Market Shares of Bifacial Solar, by Installation, 2022
Figure 11 : Global Market Shares of Bifacial Solar, by Installation, 2028
Figure 12 : Global Market Shares of Bifacial Solar, by Application, 2022
Figure 13 : Global Market Shares of Bifacial Solar, by Application, 2028
Figure 14 : Global Bifacial Solar Market, by Region
Figure 15 : Global Market Shares of Bifacial Solar, by Region, 2022
Figure 16 : Global Market Shares of Bifacial Solar, by Region, 2028
Figure 17 : North American Market Shares of Bifacial Solar, by Country, 2022
Figure 18 : North American Market Shares of Bifacial Solar, by Country, 2028
Figure 19 : North American Market Shares of Bifacial Solar, by Panel Type, 2022
Figure 20 : North American Market Shares of Bifacial Solar, by Module Type, 2022
Figure 21 : North American Market Shares of Bifacial Solar, by Frame Type, 2022
Figure 22 : North American Market Shares of Bifacial Solar, by Installation, 2022
Figure 23 : North American Market Shares of Bifacial Solar, by Application, 2022
Figure 24 : European Market Shares of Bifacial Solar, by Country, 2022
Figure 25 : European Market Shares of Bifacial Solar, by Country, 2028
Figure 26 : European Market Shares of Bifacial Solar, by Panel Type, 2022
Figure 27 : European Market Shares of Bifacial Solar, by Module Type, 2022
Figure 28 : European Market Shares of Bifacial Solar, by Frame Type, 2022
Figure 29 : European Market Shares of Bifacial Solar, by Installation, 2022
Figure 30 : European Market Shares of Bifacial Solar, by Application, 2022
Figure 31 : Asia-Pacific Market Shares of Bifacial Solar, by Country, 2022
Figure 32 : Asia-Pacific Market Shares of Bifacial Solar, by Country, 2028
Figure 33 : Asia-Pacific Market Shares of Bifacial Solar, by Panel Type, 2022
Figure 34 : Asia-Pacific Market Shares of Bifacial Solar, by Module Type, 2022
Figure 35 : Asia-Pacific Market Shares of Bifacial Solar, by Frame Type, 2022
Figure 36 : Asia-Pacific Market Shares of Bifacial Solar, by Installation, 2022
Figure 37 : Asia-Pacific Market Shares of Bifacial Solar, by Application, 2022
Figure 38 : Rest of World Market Shares of Bifacial Solar, by Sub-Region, 2022
Figure 39 : Rest of World Market Shares of Bifacial Solar, by Sub-Region, 2028
Figure 40 : Rest of World Market Shares of Bifacial Solar, by Panel Type, 2022
Figure 41 : Rest of World Market Shares of Bifacial Solar, by Module Type, 2022
Figure 42 : Rest of World Market Shares of Bifacial Solar, by Frame Type, 2022
Figure 43 : Rest of World Market Shares of Bifacial Solar, by Installation, 2022
Figure 44 : Rest of World Market Shares of Bifacial Solar, by Application, 2022
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Research Methodology
Information Sources
Geographic Breakdown
CHAPTER 2 SUMMARY AND HIGHLIGHTS
Market Outlook
Market Summary
CHAPTER 3 MARKET OVERVIEW
Overview
Market Dynamics
Market Drivers
Market Challenges
Patent Analysis
Overview
CHAPTER 4 GLOBAL MARKET ANALYSIS BY TYPE OF PANEL, MODULE, FRAME, INSTALLATION AND APPLICATION
Bifacial Solar Market, by Panel Type
Monocrystalline Solar Panel
Polycrystalline Solar Panel
Thin-Film Solar Panel
Bifacial Solar Market, by Module Type
Glass-glass
Glass-transparent Backsheet
Bifacial Solar Market, by Frame Type
Framed
Frameless
Bifacial Solar Market, by Installation
Ground-Mounted Solar Panel
Rooftop Solar Panel
Bifacial Solar Market, by Application
Residential
Commercial
Industrial
CHAPTER 5 GLOBAL MARKET BY REGION
Global Bifacial Solar Market, by Region
North America
Europe
Asia-Pacific
Rest of World
CHAPTER 6 SUSTAINABILITY IN BIFACIAL SOLAR INDUSTRY: AN ESG PERSPECTIVE
Overview
Environment Impact
Social Impact
Government Impact
Economic and Environmental Benefits
Comparison of Life Cycle Cost and Environmental Impact
Current Status of ESG in the Bifacial Solar Market
Concluding Remarks from BCC
CHAPTER 7 COMPETITIVE LANDSCAPE
Overview
Market Ranking Analysis
Key Developments
CHAPTER 8 COMPANY PROFILES
AESOLAR
CANADIAN SOLAR
HD HYUNDAI ENERGY SOLUTIONS CO., LTD.
JINKO SOLAR
LG ELECTRONICS
LONGI
SHARP CORP.
TRINA SOLAR CO., LTD.
WAAREE ENERGIES LTD.
WUXI SUNTECH POWER CO., LTD.
List of Emerging Players
Industry Organizations
CHAPTER 9 APPENDIX: ACRONYMS
List of Tables
Summary Table : Global Market for Bifacial Solar, by Region, Through 2028
Table 1 : Number of Patents Published on Bifacial Solar, 2021-2023
Table 2 : Global Market for Bifacial Solar, by Panel Type, Through 2028
Table 3 : Global Market for Bifacial Solar, by Module Type, Through 2028
Table 4 : Global Market for Bifacial Solar, by Frame Type, Through 2028
Table 5 : Global Market for Bifacial Solar, by Installation, Through 2028
Table 6 : Global Market for Bifacial Solar, by Application, Through 2028
Table 7 : Global Market for Bifacial Solar, by Region, Through 2028
Table 8 : North American Market for Bifacial Solar, by Country, Through 2028
Table 9 : North American Market for Bifacial Solar, by Panel Type, Through 2028
Table 10 : North American Market for Bifacial Solar, by Module Type, Through 2028
Table 11 : North American Market for Bifacial Solar, by Frame Type, Through 2028
Table 12 : North American Market for Bifacial Solar, by Installation, Through 2028
Table 13 : North American Market for Bifacial Solar, by Application, Through 2028
Table 14 : European Market for Bifacial Solar, by Country, Through 2028
Table 15 : European Market for Bifacial Solar, by Panel Type, Through 2028
Table 16 : European Market for Bifacial Solar, by Module Type, Through 2028
Table 17 : European Market for Bifacial Solar, by Frame Type, Through 2028
Table 18 : European Market for Bifacial Solar, by Installation, Through 2028
Table 19 : European Market for Bifacial Solar, by Application, Through 2028
Table 20 : Asia-Pacific Market for Bifacial Solar, by Country, Through 2028
Table 21 : Asia-Pacific Market for Bifacial Solar, by Panel Type, Through 2028
Table 22 : Asia-Pacific Market for Bifacial Solar, by Module Type, Through 2028
Table 23 : Asia-Pacific Market for Bifacial Solar, by Frame Type, Through 2028
Table 24 : Asia-Pacific Market for Bifacial Solar, by Installation, Through 2028
Table 25 : Asia-Pacific Market for Bifacial Solar, by Application, Through 2028
Table 26 : Rest of World Market for Bifacial Solar, by Sub-Region, Through 2028
Table 27 : Rest of World Market for Bifacial Solar, by Panel Type, Through 2028
Table 28 : Rest of World Market for Bifacial Solar, by Module Type, Through 2028
Table 29 : Rest of World Market for Bifacial Solar, by Frame Type, Through 2028
Table 30 : Rest of World Market for Bifacial Solar, by Installation, Through 2028
Table 31 : Rest of World Market for Bifacial Solar, by Application, Through 2028
Table 32 : ESG Rating of the Bifacial Solar Panel Providers
Table 33 : Market Ranking Analysis for Bifacial Solar in the Global Market
Table 34 : Contracts for Key Players, January 2021–August 2023
Table 35 : AE Solar: Product Portfolio
Table 36 : Canadian Solar Inc.: Product Portfolio
Table 37 : HD Hyundai Energy Solutions Co., Ltd.: Product Portfolio
Table 38 : Jinko Solar: Product Portfolio
Table 39 : LG Electronics: Product Portfolio
Table 40 : LONGi.: Product Portfolio
Table 41 : Sharp Corp.: Product Portfolio
Table 42 : Trina Solar Co., Ltd.: Product Portfolio
Table 43 : Waaree Energies Ltd.: Product Portfolio
Table 44 : Wuxi Suntech Power Co., Ltd.: Product Portfolio
Table 45 : List of Emerging Players in the Bifacial Solar Market
Table 46 : List of Resources Used for Bifacial Solar Market
Table 47 : Acronyms and Abbreviations Used in This Report
List of Figures
Summary Figure : Global Market Shares of Bifacial Solar, by Region, 2022
Figure A : Methodology Steps Adopted for the Global Bifacial Solar Market
Figure 1 : Capacity Addition of Renewable Energy, 2019-2027
Figure 2 : Increasing Electricity Consumption, Global, 2020-2022
Figure 3 : Global Patent Distribution for Bifacial Solar, by Region, 2022
Figure 4 : Global Market Shares of Bifacial Solar, by Panel Type, 2022
Figure 5 : Global Market Shares of Bifacial Solar, by Panel Type, 2028
Figure 6 : Global Market Shares of Bifacial Solar, by Module Type, 2022
Figure 7 : Global Market Shares of Bifacial Solar, by Module Type, 2028
Figure 8 : Global Market Shares of Bifacial Solar, by Frame Type, 2022
Figure 9 : Global Market Shares of Bifacial Solar, by Frame Type, 2028
Figure 10 : Global Market Shares of Bifacial Solar, by Installation, 2022
Figure 11 : Global Market Shares of Bifacial Solar, by Installation, 2028
Figure 12 : Global Market Shares of Bifacial Solar, by Application, 2022
Figure 13 : Global Market Shares of Bifacial Solar, by Application, 2028
Figure 14 : Global Bifacial Solar Market, by Region
Figure 15 : Global Market Shares of Bifacial Solar, by Region, 2022
Figure 16 : Global Market Shares of Bifacial Solar, by Region, 2028
Figure 17 : North American Market Shares of Bifacial Solar, by Country, 2022
Figure 18 : North American Market Shares of Bifacial Solar, by Country, 2028
Figure 19 : North American Market Shares of Bifacial Solar, by Panel Type, 2022
Figure 20 : North American Market Shares of Bifacial Solar, by Module Type, 2022
Figure 21 : North American Market Shares of Bifacial Solar, by Frame Type, 2022
Figure 22 : North American Market Shares of Bifacial Solar, by Installation, 2022
Figure 23 : North American Market Shares of Bifacial Solar, by Application, 2022
Figure 24 : European Market Shares of Bifacial Solar, by Country, 2022
Figure 25 : European Market Shares of Bifacial Solar, by Country, 2028
Figure 26 : European Market Shares of Bifacial Solar, by Panel Type, 2022
Figure 27 : European Market Shares of Bifacial Solar, by Module Type, 2022
Figure 28 : European Market Shares of Bifacial Solar, by Frame Type, 2022
Figure 29 : European Market Shares of Bifacial Solar, by Installation, 2022
Figure 30 : European Market Shares of Bifacial Solar, by Application, 2022
Figure 31 : Asia-Pacific Market Shares of Bifacial Solar, by Country, 2022
Figure 32 : Asia-Pacific Market Shares of Bifacial Solar, by Country, 2028
Figure 33 : Asia-Pacific Market Shares of Bifacial Solar, by Panel Type, 2022
Figure 34 : Asia-Pacific Market Shares of Bifacial Solar, by Module Type, 2022
Figure 35 : Asia-Pacific Market Shares of Bifacial Solar, by Frame Type, 2022
Figure 36 : Asia-Pacific Market Shares of Bifacial Solar, by Installation, 2022
Figure 37 : Asia-Pacific Market Shares of Bifacial Solar, by Application, 2022
Figure 38 : Rest of World Market Shares of Bifacial Solar, by Sub-Region, 2022
Figure 39 : Rest of World Market Shares of Bifacial Solar, by Sub-Region, 2028
Figure 40 : Rest of World Market Shares of Bifacial Solar, by Panel Type, 2022
Figure 41 : Rest of World Market Shares of Bifacial Solar, by Module Type, 2022
Figure 42 : Rest of World Market Shares of Bifacial Solar, by Frame Type, 2022
Figure 43 : Rest of World Market Shares of Bifacial Solar, by Installation, 2022
Figure 44 : Rest of World Market Shares of Bifacial Solar, by Application, 2022
