Asia Pacific Bifacial Solar Market Size & Outlook
Asia Pacific bifacial solar market, 2018-2030 (US$M)
Asia Pacific bifacial solar market highlights
- The Asia Pacific bifacial solar market generated a revenue of USD 9,400.3 million in 2023.
- The market is expected to grow at a CAGR of 14.9% from 2024 to 2030.
- In terms of segment, dual-glass bifacial solar was the largest revenue generating type in 2023.
- Dual-glass bifacial solar is the most lucrative type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 9,400.3 million |
| Market revenue in 2030 | USD 24,778.0 million |
| Growth rate | 14.9% (CAGR from 2023 to 2030) |
| Largest segment | Dual-glass bifacial solar |
| Fastest growing segment | Dual-glass bifacial solar |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dual-glass bifacial solar |
| Key market players worldwide | TRINA SOLAR LTD, LG Electronics Inc ADR, Panasonic Holdings Corp, Yingli Green Energy Holding, LONGi Solar, Lumos Diagnostics Holdings Ltd Ordinary Shares |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 58.5% of the global bifacial solar market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 5,562.3 million by 2030.
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Bifacial Solar Market Scope
Bifacial Solar Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 Asia Pacific bifacial solar market based on dual-glass bifacial solar covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Asia Pacific bifacial solar market databook
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Our clientele includes a mix of bifacial solar market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific bifacial solar market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific bifacial solar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific bifacial solar market
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