Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 65.2 Billion | USD 397 Billion | 19.8% | 2024 |
FrequentlyAsked Questions
Bifacial solar modules absorb solar energy from both front and rear ends, unlike traditionally used monofacial solar panels.
The global bifocal solar market is expected to grow due to the rising interest in harnessing sustainable and renewable energy across economies worldwide.
According to study, the global bifacial solar market size was worth around USD 18.52 billion in 2024 and is predicted to grow to around USD 76.25 billion by 2034.
The CAGR value of the bifacial solar market is expected to be around 15.20% during 2025-2034.
China is currently the regional leader in terms of solar module production and end-user applications.
The global bifacial solar market is led by players like Hyundai Energy Solutions, Trina Solar, JinkoSolar, Adani Solar, LG Electronics, Hyperion, LONGi Solar, REC Group, Canadian Solar, Primroot.com, Aptos Solar Technology, 3Sun, Hanwha Q CELLS, Boviet Solar, and SunPower.
The report explores crucial aspects of the bifacial solar market, including a detailed discussion of existing growth factors and restraints, while browsing future growth opportunities and challenges that impact the market.
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