Bifacial Solar Sector: Growth Drivers and Challenges
Growth Drivers
- Higher Productivity from Using Bifacial Solar
- Growing Production of Solar Cells and Solar Panels
- Increasing Installation of Utility-Scale Solar Panels
Challenges
- Lack of Proper Infrastructure in Developing Nations
- Higher Cost as Compared to Monofacial Solar
Bifacial Solar Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
14.9% |
|
Base Year Market Size (2024) |
USD 18.59 billion |
|
Forecast Year Market Size (2037) |
USD 113.09 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of bifacial solar is estimated at USD 20.94 billion.
Bifacial Solar Market size was valued at USD 18.59 billion in 2024 and is likely to cross USD 113.09 billion by 2037, registering more than 14.9% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is estimated to hold largest revenue share by 2037, backed by abundance of sunlight all around the year in countries, such as, China, Japan, Vietnam, India, and others.
The major players in the market are Trina Solar Co., Ltd, TATA Power Solar Systems Limited, JA Solar Technology Co., Ltd., ISOVOLTAIC AG, UAB Soli Tek Cells, and others.
