Bifacial Solar Market is expected to grow at a CAGR of 14.6% through 2030F

The global Bifacial Solar Market is expected to be led by North America, driven by Government Policies and Incentives and Cost Reductions and Grid Parity during the forecast period 2026-2030F

According to TechSci Research report, “Bifacial Solar Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F, The Global Bifacial Solar Market was valued at USD 16.8 Billion in 2024 and is expected to reach USD 38.4 Billion by 2030 with a CAGR of 14.6% through 2030. One major contributor is the increasing focus on maximizing land use efficiency in solar power installations. Bifacial solar panels, due to their dual-sided energy capture capability, allow higher energy output from the same land footprint compared to traditional monofacial panels. This makes them an ideal choice for land-constrained regions and utility-scale solar farms aiming to optimize performance. Furthermore, advancements in solar tracking systems, which align well with bifacial technology, have further enhanced their effectiveness by ensuring optimal sun exposure throughout the day, leading to greater energy generation.

The growing trend of corporate sustainability commitments is also pushing the adoption of bifacial panels. Large corporations are investing in on-site solar projects or entering power purchase agreements (PPAs) with solar developers, preferring high-efficiency technologies like bifacial modules to meet their renewable energy targets. In addition, the rising costs of conventional energy sources and growing concerns over energy security have made solar energy a more attractive alternative globally. Innovations in module design, such as glass-glass bifacial structures, are also improving durability and lifespan, making them a viable long-term investment. Collectively, these factors are significantly boosting market demand beyond traditional incentives and policy support.

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Based on Type, Passivated Emitter Rear Cell segment dominated the Bifacial Solar Market in 2024 and maintain its leadership throughout the forecast period, primarily due to its superior efficiency, cost-effectiveness, and technological maturity. PERC technology enhances the performance of traditional solar cells by adding a passivation layer on the rear side of the cell, which reduces electron recombination and increases light absorption. This results in improved energy conversion efficiency compared to conventional solar cells, making PERC bifacial modules highly attractive for both manufacturers and end-users.

One of the key reasons for PERC’s dominance in the bifacial solar market is its ability to harness sunlight from both the front and rear sides of the panel. This capability enables PERC bifacial modules to generate significantly higher energy yields, especially when installed in environments with reflective surfaces such as snow, sand, or white rooftops. The increased energy output translates to better return on investment and lowers the levelized cost of electricity (LCOE), which are critical factors driving the adoption of PERC bifacial panels in utility-scale solar farms, commercial projects, and even residential installations.

In addition to higher efficiency, PERC bifacial cells offer manufacturing advantages. The technology is compatible with existing production lines with relatively minor modifications, which allows manufacturers to scale up production without incurring substantial additional costs. This compatibility helps reduce the overall cost of PERC bifacial modules, making them more affordable and accessible in the market. Moreover, continuous improvements in cell design and materials have further boosted the durability and performance of PERC bifacial panels, reinforcing their position as a reliable and cost-efficient choice.

Another important factor supporting the growth of the PERC segment is its wide acceptance among major solar panel manufacturers worldwide. Industry leaders have invested heavily in R&D to optimize PERC bifacial technology, leading to innovations that improve module efficiency and reduce degradation rates. This widespread industry backing has resulted in increased availability of PERC bifacial panels and contributed to the segment’s market dominance.

Based on region, Asia Pacific is emerging as the fastest-growing region for the Bifacial Solar Market, driven by a combination of favorable environmental conditions, supportive government policies, and increasing investments in renewable energy infrastructure. The region benefits from abundant solar resources, particularly in countries like China, India, Japan, and Australia, where high solar irradiance levels create ideal conditions for bifacial solar panels to maximize energy generation. This natural advantage, combined with the ability of bifacial technology to capture sunlight from both sides, helps enhance overall power output and improves the cost-effectiveness of solar installations in the region.

Governments across Asia Pacific are actively promoting clean energy transitions through incentives, subsidies, and ambitious renewable energy targets, further accelerating bifacial solar adoption. For example, China’s significant investments in solar manufacturing capacity and India’s national solar mission have created a conducive environment for the proliferation of advanced solar technologies, including bifacial panels. These policy frameworks encourage utility-scale projects, commercial installations, and even residential solar deployments, contributing to market growth.

Moreover, the presence of leading solar panel manufacturers and expanding production facilities in Asia Pacific supports the rapid commercialization of bifacial solar technology. Companies in the region are investing in research and development to improve efficiency and reduce production costs, making bifacial panels more accessible and affordable. Additionally, growing awareness about environmental sustainability and the need to reduce carbon emissions among consumers and businesses is further driving demand.

Key market players in the Bifacial Solar Market are: -

• Trina Solar
• LG Electronics
• MegaCell
• Neo Solar Power
• Panasonic
• Prism Solar
• SolarWorld
• Yingli Green Energy 

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“The global bifacial solar market presents significant opportunities driven by increasing demand for high-efficiency renewable energy solutions and growing environmental awareness worldwide. Advancements in bifacial technology, such as improved cell designs and materials, offer enhanced energy yields, attracting utility-scale, commercial, and residential projects. Expanding government incentives and supportive policies further stimulate adoption across emerging and developed markets. Additionally, integrating bifacial panels with energy storage systems and smart grid technologies opens new avenues for innovation and efficiency. Rapid industrialization and urbanization, especially in Asia Pacific and South America, also create vast potential for market expansion in the coming years.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Bifacial Solar Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Heterojunction Cell, Passivated Emitter Rear Cell), By Frame Type (Framed, Frameless), By Application (Residential, Commercial, Industrial), By Region, By Competition, 2020-2030F” has evaluated the future growth potential of Bifacial Solar Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Bifacial Solar Market.

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