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

Market Overview

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. The global bifacial solar market is growing rapidly, driven by several key factors. First, bifacial solar panels offer enhanced energy yield and efficiency by capturing sunlight from both their front and rear sides, boosting energy output by up to 30% compared to traditional panels. This makes them especially effective in reflective environments like snow-covered or sandy areas. Technological advancements, such as Passivated Emitter Rear Contact (PERC) and Heterojunction (HJT) cell technologies, have further improved panel performance and durability. Government policies and incentives supporting renewable energy projects also encourage the adoption of bifacial technology by reducing financial barriers for investors and developers.

Additionally, manufacturing innovations have lowered production costs, enabling bifacial panels to achieve grid parity with conventional energy sources, thus increasing their market competitiveness. Growing environmental awareness worldwide drives demand for cleaner, more sustainable energy, aligning well with the higher efficiency and reduced land use of bifacial solar systems. Finally, integrating bifacial panels with solar trackers further optimizes energy production and reduces the levelized cost of electricity. Together, these factors propel the bifacial solar market’s expansion, positioning it as a critical technology in the global shift toward sustainable and efficient renewable energy solutions.

Key Market Drivers

Enhanced Energy Yield and Technological Advancements in Bifacial Solar Panels

One of the most significant drivers for the global bifacial solar market is the remarkable enhancement in energy yield offered by bifacial solar panels compared to traditional monofacial panels. Bifacial solar panels are designed to capture sunlight on both their front and rear sides, enabling them to absorb reflected and diffused light from the ground or surrounding surfaces. This dual-sided energy collection can increase energy output by 10% to 30%, depending on installation conditions and environmental factors such as ground reflectivity (albedo). In locations with high reflectivity—such as snowy regions, sandy deserts, and urban rooftops—this increased energy harvesting potential becomes even more pronounced. This efficiency improvement translates directly into higher electricity generation per installed capacity, making bifacial technology especially attractive for utility-scale solar projects, commercial installations, and even some residential applications. In March 2025, Boviet Solar Technology Co. Ltd. launched a new manufacturing facility in Greenville, North Carolina, with an investment of USD 294 million. This state-of-the-art unit is designed to produce bifacial solar modules, solidifying Boviet Solar's presence in the U.S. market and catering to the increasing demand for advanced solar technologies.

Technological advancements have played a crucial role in enhancing the performance and durability of bifacial solar modules. Innovations such as Passivated Emitter Rear Contact (PERC), Heterojunction (HJT), and Tunnel Oxide Passivated Contact (TOPCon) technologies have increased the cells’ conversion efficiency and longevity. These next-generation cell technologies reduce recombination losses and improve charge carrier collection, enabling higher power outputs under various lighting conditions. Additionally, the use of advanced materials, including dual-glass construction and anti-reflective coatings, enhances module robustness and resistance to environmental degradation, which is essential for maintaining performance over long operational lifetimes. 

The integration of bifacial panels with solar tracking systems is another technological breakthrough contributing to market growth. Single-axis and dual-axis trackers help optimize the angle of incidence for both sides of the panel, maximizing solar exposure throughout the day and thereby increasing overall energy yield. Studies indicate that combining bifacial modules with trackers can reduce the levelized cost of electricity (LCOE) by approximately 16% compared to fixed-tilt monofacial systems. In 2023, global renewable energy capacity additions reached a record high of over 500 GW, with solar PV accounting for nearly 75% of that growth (IRENA). The total installed renewable energy capacity worldwide exceeded 3,870 GW by the end of 2023, representing a 13.9% year-on-year increase. Global investment in renewable energy reached $495 billion in 2023, with the majority directed toward solar and wind power projects. The International Energy Agency (IEA) forecasts that renewables will supply over 42% of global electricity by 2030, up from about 30% in 2023.

Supportive Government Policies, Cost Reductions, and Environmental Awareness

Government policies, incentives, and global environmental concerns represent another fundamental driver for the growth of the global bifacial solar market. As countries worldwide strive to meet their renewable energy targets and reduce carbon emissions under international climate agreements such as the Paris Accord, there has been an increased emphasis on supporting solar energy deployment. Many governments have introduced attractive subsidies, tax credits, feed-in tariffs, and low-interest financing schemes specifically encouraging the adoption of advanced solar technologies, including bifacial panels. These policy frameworks reduce financial risks and improve the economic viability of solar projects, making bifacial solar systems a more attractive option for developers and end-users.

Alongside policy support, significant cost reductions in bifacial solar panel manufacturing have further accelerated market growth. The solar industry has witnessed a consistent decline in the cost of photovoltaic components due to economies of scale, improvements in manufacturing processes, and enhanced supply chain efficiencies. Innovations such as automated assembly lines, improved material utilization, and advancements in wafer slicing have lowered the overall production cost of bifacial modules. This reduction has brought bifacial solar panels closer to cost parity with conventional monofacial panels, despite their superior performance and durability features.

Furthermore, achieving grid parity—where solar-generated electricity costs match or fall below those of conventional fossil fuels—has been a crucial milestone. Bifacial solar panels, due to their higher energy output and decreasing costs, have become competitive with traditional energy sources in many regions. This competitiveness drives wider adoption in utility-scale projects and commercial installations, contributing to an overall increase in the bifacial solar market share.

Environmental awareness among consumers, businesses, and governments has also emerged as a strong catalyst. Growing concerns about climate change, air pollution, and sustainable resource management have elevated demand for renewable energy solutions that offer reduced carbon footprints and lower land use requirements. Bifacial solar panels are seen as an environmentally friendly technology because they generate more power per unit area, thereby reducing the land footprint needed for solar farms. Moreover, the use of durable materials and longer lifespans translates into less frequent replacements and reduced waste generation.

Download Free Sample Report

Key Market Challenges

Higher Initial Investment and Complex Installation Requirements

One of the primary challenges facing the global bifacial solar market is the relatively higher initial investment cost compared to conventional monofacial solar panels. Although bifacial solar panels provide increased energy yield and better efficiency, their production and installation costs are generally higher. The advanced materials used—such as dual glass panels and specialized encapsulation techniques—contribute to increased manufacturing expenses. Additionally, bifacial modules often require more robust mounting structures and specific ground surface treatments to maximize rear-side irradiance, which can add to installation complexity and cost.

Moreover, designing and installing bifacial solar systems is more technically demanding than traditional monofacial systems. Because bifacial panels generate energy from both sides, careful consideration must be given to factors such as ground reflectivity (albedo), shading, panel height above ground, tilt angles, and row spacing. Achieving optimal performance requires detailed site assessments and simulations, which involve additional time and expertise. Failure to properly optimize these parameters can lead to suboptimal energy yields, undermining the economic benefits of bifacial technology.

The installation complexity also extends to the need for specialized equipment such as advanced solar trackers, which are often used in conjunction with bifacial panels to maximize energy capture. While trackers improve performance, they increase upfront capital expenditures and ongoing maintenance requirements. In regions with challenging environmental conditions—such as high winds, heavy snow loads, or dusty environments—designing reliable tracker and mounting solutions becomes even more critical and costly.

Furthermore, the supply chain for bifacial solar components can sometimes face limitations due to the relatively newer and less widespread adoption of this technology. Sourcing high-quality bifacial modules and compatible balance-of-system components may be more challenging in certain regions, potentially leading to project delays or higher procurement costs.

These factors together raise the barrier to entry for many project developers, especially in emerging markets where access to capital and technical expertise may be limited. While bifacial solar technology offers compelling long-term gains, the upfront cost and installation intricacies remain a key challenge that can slow adoption, especially for smaller-scale projects and residential installations.

Environmental and Site-Specific Limitations Affecting Performance

Another significant challenge limiting the widespread adoption of bifacial solar technology is the variability in performance caused by environmental and site-specific conditions. Although bifacial solar panels can increase energy yield by capturing light from both sides, their effectiveness depends heavily on the surrounding environment and ground conditions. For example, the rear side of the panel relies on reflected sunlight, which is highly influenced by the albedo of the surface beneath the panels.

Sites with low reflectivity surfaces, such as dark soils, asphalt, or dense vegetation, reduce the additional energy gain from the rear side of bifacial panels. In urban or industrial areas where surfaces tend to absorb rather than reflect sunlight, the bifacial advantage diminishes considerably. This variability in output can complicate the design and financial modeling of projects, making it challenging for developers and investors to accurately forecast returns.

Seasonal changes and weather conditions also impact bifacial panel performance. In regions with frequent cloud cover or prolonged rainy seasons, the overall solar irradiance decreases, limiting the energy yield advantage of bifacial technology. Similarly, snow-covered environments, while generally favorable due to high reflectivity, require careful consideration to ensure panels are not shaded or obstructed by snow accumulation, which can adversely affect both front and rear-side exposure.

Dust, dirt, and soiling on the rear surface of bifacial panels can further degrade performance, especially in arid or dusty regions. Cleaning and maintenance routines must address both sides of the panels, increasing operational costs and complexity. Additionally, bifacial panels typically use dual glass construction for enhanced durability, which can make cleaning more labor-intensive and costly compared to conventional panels.

Key Market Trends

Increasing Adoption of Advanced Cell Technologies and Module Designs

A major trend shaping the global bifacial solar market is the rapid adoption of advanced solar cell technologies and innovative module designs. Bifacial solar panels are evolving beyond basic dual-sided cells to incorporate cutting-edge technologies such as Passivated Emitter Rear Contact (PERC), Heterojunction (HJT), and Tunnel Oxide Passivated Contact (TOPCon). These technologies significantly improve energy conversion efficiencies by reducing electron recombination and enhancing charge carrier collection, resulting in higher power output even under diffuse light conditions.

HJT technology, in particular, has gained traction due to its superior performance at high temperatures and excellent bifaciality—meaning it can more effectively capture light from both sides. Similarly, TOPCon cells offer enhanced passivation and long-term stability, making them well-suited for bifacial applications. Manufacturers are increasingly integrating these technologies into bifacial modules to push the limits of efficiency and durability.

Alongside cell advancements, module designs are also trending toward dual-glass construction, which replaces the conventional backsheet with a glass panel on both sides. This design not only increases mechanical strength and longevity but also improves light transmission and reflection properties, maximizing rear-side energy capture. The dual-glass design also enhances resistance to environmental factors such as moisture, UV degradation, and potential-induced degradation (PID), contributing to longer system lifespans and lower maintenance costs.

Furthermore, transparent backsheet materials and innovative encapsulants are being developed to balance durability with light transmittance, optimizing rear-side energy absorption without compromising structural integrity. These innovations support the growing deployment of bifacial solar in harsh environmental conditions and diverse geographies.

The trend toward smart and integrated systems is also evident. Bifacial solar panels are increasingly paired with advanced tracking systems, especially single-axis and dual-axis trackers, which dynamically orient the panels to optimize sunlight capture on both sides throughout the day. This integration enhances overall system performance and reduces the levelized cost of electricity (LCOE), making bifacial solar increasingly competitive.

These technological and design trends not only improve the economic viability of bifacial solar projects but also expand their applicability across residential, commercial, and utility-scale sectors. As manufacturers continue to innovate, bifacial solar modules are becoming more efficient, durable, and adaptable, reinforcing their position as a leading technology in the renewable energy transition.

Expansion of Utility-Scale Bifacial Solar Projects and Emerging Market Penetration

A prominent market trend is the rapid expansion of utility-scale bifacial solar installations globally, coupled with increasing penetration into emerging markets. Utility-scale solar projects benefit significantly from the higher energy yield and efficiency of bifacial technology, making them a primary growth driver. Large solar farms can optimize site layouts, ground reflectivity, and tracking solutions to fully exploit the advantages of bifacial panels, thereby achieving lower costs per kilowatt-hour and faster returns on investment.

Countries with ambitious renewable energy targets, such as China, the United States, India, and parts of Europe, have witnessed a surge in large-scale bifacial solar projects. For example, China leads in bifacial module production and deployment, leveraging its manufacturing capacity and policy support to dominate the market. The United States has seen substantial investments in bifacial solar farms, especially in sun-rich states like California and Texas, where the technology’s enhanced yield is particularly beneficial.

Emerging markets in Southeast Asia, Latin America, and the Middle East are also increasingly adopting bifacial solar technology. These regions offer vast solar resources and growing electricity demand, creating fertile ground for bifacial solar expansion. However, adoption in these markets is still in the early stages due to factors such as financing challenges and infrastructure limitations. Nevertheless, ongoing policy reforms, international funding, and decreasing technology costs are accelerating bifacial solar deployment.

The trend toward hybrid renewable projects is also emerging, where bifacial solar farms are combined with energy storage systems or integrated into smart grids. This enhances grid stability, supports demand management, and facilitates higher penetration of renewables in electricity systems.

Additionally, corporates and large commercial entities are investing in bifacial solar installations to meet sustainability goals and reduce carbon footprints. These installations are often supported by power purchase agreements (PPAs), green tariffs, and environmental, social, and governance (ESG) initiatives, which further stimulate market growth. The renewable energy sector employed over 13.7 million people globally in 2023 and is expected to exceed 38 million jobs by 2030 (IRENA).

Segmental Insights

Frame Type Insights

Framed segment dominated the Bifacial Solar Market in 2024 and is projected to maintain its leadership throughout the forecast period, due to its proven reliability, ease of installation, and cost-effectiveness. Framed bifacial solar panels typically feature a robust aluminum frame that provides structural support and protects the solar cells from physical damage and environmental factors such as wind, dust, and moisture. This frame not only enhances the durability and lifespan of the panels but also simplifies mounting and handling during transportation and installation, making them a preferred choice for many developers and installers.

Moreover, framed bifacial panels offer flexibility in design and compatibility with existing mounting systems, which facilitates quicker deployment across diverse applications including utility-scale solar farms, commercial rooftops, and residential installations. The frame also allows for adequate spacing between panels and ground surfaces, which is critical for optimizing the rear-side irradiance and thus maximizing the energy yield—a key advantage of bifacial technology.

Cost considerations also play a significant role in the dominance of the framed segment. While frameless bifacial panels offer aesthetic benefits and may slightly reduce soiling, they often require specialized mounting solutions and careful handling to avoid damage, increasing overall project costs and complexity. Framed panels strike a balance by providing mechanical strength without a substantial increase in cost, thereby appealing to a broader market.

Given these advantages, framed bifacial solar panels continue to lead market adoption. Their durability, installation ease, and ability to enhance energy generation efficiency position them as the most practical and scalable solution in the bifacial solar market today.

Application Insights

Residential segment dominated the Bifacial Solar Market in 2024 and is projected to maintain its leadership throughout the forecast period, driven by increasing consumer awareness of renewable energy benefits and growing demand for efficient, sustainable power solutions at home. Homeowners are attracted to bifacial solar panels because they offer higher energy yields compared to traditional monofacial panels, thanks to their ability to capture sunlight on both the front and rear sides. This feature allows residential solar systems to generate more electricity within limited roof space, which is a crucial advantage for urban and suburban households with space constraints.

Additionally, falling costs of bifacial solar technology and government incentives aimed at promoting residential solar adoption have significantly boosted market growth. Many governments worldwide provide tax credits, rebates, and subsidies that reduce the upfront investment for homeowners, making bifacial panels more affordable and economically viable. As electricity prices rise, more homeowners see bifacial solar as a long-term investment that can lower utility bills and increase energy independence.

Technological improvements have also made bifacial solar panels more aesthetically appealing and easier to integrate with existing residential solar setups. Lightweight framed designs and flexible mounting options allow for seamless installation on various roof types, enhancing consumer acceptance. Moreover, the environmental consciousness among consumers has grown, motivating homeowners to choose bifacial solar systems as part of their commitment to reducing carbon footprints and supporting clean energy initiatives. Overall, the combination of efficiency benefits, cost reductions, supportive policies, and rising environmental awareness has propelled the residential segment to dominate the bifacial solar market, positioning it as a key driver in the global transition to sustainable energy.

Download Free Sample Report

Regional Insights

Largest Region

North America dominated the Bifacial Solar Market in 2024 and is anticipated to maintain its leadership throughout the forecast period, thanks to a combination of favorable government policies, strong investment in renewable energy, and technological advancements. The region, particularly the United States, has witnessed rapid growth in bifacial solar installations, driven by ambitious clean energy targets and incentives such as tax credits, grants, and renewable portfolio standards. These supportive measures have encouraged utilities, commercial enterprises, and residential consumers to adopt bifacial solar technology to meet sustainability goals and reduce carbon emissions.

The mature solar infrastructure in North America also plays a significant role in market dominance. The presence of well-developed manufacturing capabilities, supply chains, and skilled labor facilitates the widespread deployment of bifacial solar panels. Additionally, technological innovation hubs and strong collaborations between research institutions and industry players have accelerated the development of more efficient and cost-effective bifacial solutions.

Furthermore, North America's diverse climatic conditions—from sunny states like California and Arizona to cooler regions—allow bifacial solar panels to demonstrate their efficiency advantages, especially where reflective surfaces such as deserts and snow can enhance rear-side energy capture. The region’s growing utility-scale solar farms increasingly prefer bifacial technology for its ability to deliver higher energy yields and better returns on investment.

Investment from private and public sectors, combined with growing environmental awareness and regulatory pressure to transition to clean energy, has positioned North America as the leading market for bifacial solar globally. This trend is expected to continue as the region focuses on decarbonization and energy independence goals.

Emerging Region

South America was the emerging region in the Bifacial Solar Market in 2024 and is anticipated to maintain its leadership throughout the forecast period, driven by abundant solar resources, growing energy demand, and increasing investments in renewable energy infrastructure. Countries like Brazil, Chile, and Argentina are leading this growth due to their favorable climates, which offer high solar irradiance levels—ideal conditions for maximizing the efficiency of bifacial solar panels. These panels, capable of capturing sunlight from both the front and rear sides, provide an effective way to boost energy generation, which is particularly valuable in regions with limited land availability.

The region’s commitment to reducing reliance on fossil fuels and meeting international climate goals has spurred government policies and incentives that support solar adoption. For instance, several South American countries have introduced favorable tariffs, tax breaks, and financing options to encourage renewable energy projects, including bifacial solar installations. This policy support, coupled with increasing awareness of environmental sustainability, is motivating utilities, commercial enterprises, and residential consumers to explore bifacial solar solutions.

Infrastructure development and international investments are also accelerating market growth. Multinational companies and clean energy funds are actively financing large-scale solar projects, recognizing South America’s potential to become a renewable energy hub. However, challenges such as limited grid infrastructure in remote areas and financing complexities remain, but ongoing improvements are gradually addressing these issues. Overall, South America’s combination of rich solar potential, policy support, and growing investment makes it a key emerging market for bifacial solar technology, with significant opportunities for expansion in the coming years.

 Recent Developments

• In February 2024, Vikram Solar announced the development of new bifacial heterojunction PV modules with power ratings ranging from 700 W to 725 W, boasting efficiency levels between 22.53% and 23.34%.
• In January 2024, Tata Power Renewable Energy unveiled a bifacial solar project with a capacity of 1,000 kW in West Bengal. This project is expected to generate 1.5 million units of electricity and reduce the carbon footprint by 29,420 lakh tons. 
• In October 2024, Servotech Power Systems Ltd., a leading renewable energy solutions manufacturer, held a product launch showcasing its new advanced range of solar on-grid inverters, solar hybrid inverters, solar micro inverters, battery energy storage systems, and solar pump controllers. These innovations support central government initiatives like the PM Surya Ghar Muft Bijli Yojana and PM-KUSUM Scheme, aimed at residential and commercial rooftops and empowering farmers to utilize solar energy for sustainable agriculture.
• In October 2024, French off-grid specialist Sunwind Energy unveiled the Delta Flore photovoltaic solar planter, which integrates gardening with solar energy generation. Featuring bifacial technology and translucent Tedlar, the planter maximizes energy efficiency while protecting plants. Currently under development, this product reflects Sunwind’s expertise in solar solutions for mountainous regions.
• In May 2025, at The smarter E 2025, Envision Energy introduced three new energy storage products, including the EN 8 Pro—an 8 MWh container offering 60% more energy capacity than their 5 MWh model within the same footprint. Envision’s highlighted that the EN 8 Pro delivers an energy density of 240 Wh per liter, making it the most energy-dense storage product available on the market.

Key Market Players

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

Report Scope:

In this report, the Global Bifacial Solar Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Bifacial Solar Market, By Type:

o   Heterojunction Cell

o   Passivated Emitter Rear Cell     

• Bifacial Solar Market, By Application:

o   Residential

o   Commercial

o   Industrial        

• Bifacial Solar Market, By Frame Type:

o   Framed

o   Frameless   

• Bifacial Solar Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  France

§  United Kingdom

§  Italy

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   South America

§  Brazil

§  Colombia

§  Argentina

o   Middle East & Africa

§  Saudi Arabia

§  UAE

§  South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Bifacial Solar Market.

Available Customizations:

Global Bifacial Solar Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Global Bifacial Solar Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]