Bifacial Solar Market Size, Share, By Product Type [Cell Technology (PERC, TOPCon, HJT), Frame Type (Framed, Frameless), and Panel Type (Glass-Glass, Backsheet)], By Application (Commercial, Industrial, and Residential), and By Region - Trends, Analysis and Forecast till 2034

Bifacial Solar Market Size was valued at USD 18.24 Billion in 2024 and is expected to reach USD 69 Billion by 2034 growing at a CAGR of 15.7%

Bifacial solar panels indicate a great extent of improvement in solar technology. Where the traditional solar panels generate their energy from the front side, bifacial panels generate it from both the front and the back. This ingenious design enables such panels to increase energy production, hence making them a pretty wonderful choice for so many applications. The back side of a bifacial panel is typically made of transparent or translucent material to let in some part of the sun's light to the photovoltaic cells. This helps pick up sunlight reflected from the earth or surrounding surfaces, thereby maximizing energy output. Thus, bifacial panels work best in high-albedo situations, meaning the reflectivity of a surface. For example, a white roof or a desert environment would result in significantly higher performance for bifacial panels installed in these conditions.