Global Bifacial Solar Market Size & Outlook, 2023-2030

The bifacial solar industry worldwide is expected to reach a projected revenue of US$ 42,787.1 million by 2030. A compound annual growth rate of 15% is expected of the worldwide bifacial solar industry from 2024 to 2030.
Revenue, 2023 (US$M)
$16,071.6
Forecast, 2030 (US$M)
$42,787.1
CAGR, 2024 - 2030
15%
Report Coverage
Worldwide

Global bifacial solar market, 2018-2030 (US$M)

Global bifacial solar market highlights

  • The global bifacial solar market generated a revenue of USD 16,071.6 million in 2023 and is expected to reach USD 42,787.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 15% by 2030.
  • In terms of segment, dual-glass bifacial solar accounted for a revenue of USD 16,071.6 million in 2023.
  • Dual-glass bifacial solar is the most lucrative type segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 16,071.6 million
Market revenue in 2030USD 42,787.1 million
Growth rate15% (CAGR from 2023 to 2030)
Largest segmentDual-glass bifacial solar
Fastest growing segmentDual-glass bifacial solar
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDual-glass bifacial solar

Other key industry trends

  • In terms of revenue, the North America accounted for 12.0% of the global bifacial solar market in 2023.

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Bifacial Solar Market Scope

Bifacial solar market segmentation & scope
Glass-backsheet bifacial solar
Frame
Framed bifacial solar
Frameless bifacial solar
Technology
Passivated emitter rear contact (PERC)
TOPCon
Heterojunction (HJT)
Application
Residential
Commercial & Industrial
Utilities
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Russia
China
India
Japan
Australia
Brazil
Argentina
South Africa
Saudi Arabia
UAE

Bifacial Solar Market Companies

Name Profile # Employees HQ Website

Global bifacial solar market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bifacial solar market will help companies and investors design strategic landscapes.


Dual-glass bifacial solar was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global bifacial solar market based on dual-glass bifacial solar covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Bifacial Solar Type Outlook (Revenue, USD Million, 2018-2030)
    • Dual-glass bifacial solar
    • Glass-backsheet bifacial solar
  • Global Bifacial Solar Frame Outlook (Revenue, USD Million, 2018-2030)
    • Framed bifacial solar
    • Frameless bifacial solar
  • Global Bifacial Solar Technology Outlook (Revenue, USD Million, 2018-2030)
    • Passivated emitter rear contact (PERC)
    • TOPCon
    • Heterojunction (HJT)
  • Global Bifacial Solar Application Outlook (Revenue, USD Million, 2018-2030)
    • Residential
    • Commercial & Industrial
    • Utilities

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  • Our clientele includes a mix of bifacial solar market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global bifacial solar market , including forecasts for subscribers. This global databook contains high-level insights into Global bifacial solar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global bifacial solar market size, by regions, 2018-2030 (US$M)

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