Bifacial Solar Market Report 2026

The bifacial solar market size has grown rapidly in recent years. It will grow from $10.37 billion in 2025 to $11.8 billion in 2026 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to increasing focus on renewable energy adoption, government incentives for solar power, growth of utility-scale solar projects, advancements in solar panel efficiency, declining cost of photovoltaic modules.

The bifacial solar market size is expected to see rapid growth in the next few years. It will grow to $19.74 billion in 2030 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to rising demand for bifacial panels in residential and c&i sectors, technological innovations in heterojunction and dual-glass cells, expansion of ground-mounted solar farms, increasing awareness of energy yield optimization, growth of hybrid solar installations combining bifacial and monofacial modules. Major trends in the forecast period include rising adoption of dual-glass bifacial solar panels, growing installation of ground-mounted bifacial solar systems, integration of passivated emitter rear cell (perc) technology, expansion of high-efficiency monocrystalline bifacial panels, increasing deployment in utility-scale solar projects.

The bifacial solar market size is expected to continue rapid growth over the next few years. It is forecast to reach $17.37 billion by 2029, growing at a compound annual growth rate (CAGR) of 13.8%. Growth in the forecast period is attributed to increasing installations of renewable energy, higher investment in green energy resources, ongoing government support through subsidies and policies, continuous technological advancements, cost-reduction initiatives, and rising corporate adoption of sustainable energy solutions. Major trends during this period include improved efficiency of bifacial panels, wider adoption across multiple sectors, expansion into emerging markets, integration with other renewable energy technologies, stronger focus on sustainability, corporate social responsibility initiatives, and the continued decline in costs associated with bifacial solar technology.

Key companies in the bifacial solar market are focusing on advancing bifacial solar technology to stay competitive. One such advancement is TOPCon bifacial PV modules, which integrate Tunnel Oxide Passivated Contact (TOPCon) technology with bifacial capability. These modules are designed to capture sunlight from both sides, enhancing energy efficiency compared to traditional monofacial modules. For instance, in April 2024, Adani Solar, a solar manufacturing company based in India, introduced the 575 W TOPCon bifacial PV module. This module provides high power output ranging from 550 W to 575 W with efficiencies up to 22.4%. It features a transparent back sheet and robust performance warranties, making it suitable for demanding solar power projects worldwide.

In September 2024, Yashika Energy Systems Private Limited, an India-based solar developer, entered into a partnership with Next2Sun AG to promote the adoption of bifacial solar technology in India. Through this collaboration, Yashika Energy Systems and Next2Sun AG seek to accelerate the rollout of advanced vertical bifacial technology combined with agricultural applications, enabling dual land use for farming and energy generation while enhancing overall solar energy output. Next2Sun AG is a Germany-based solar technology company that specializes in developing vertical bifacial photovoltaic systems capable of producing electricity from both sides of the solar panels, thereby maximizing energy generation and land-use efficiency.

Major companies operating in the bifacial solar market are Reliance Industries Ltd, LG Electronics, LONGi Green Energy Technology Co. Ltd., Sharp Corporation, Trina Solar Co Ltd, Jinko Solar Holdings, JA Solar Technology Co. Ltd., Hanwha Solutions, Canadian Solar Inc., Risen Energy, First Solar Inc, Sun Power Corporation, GCL System Integration Technology Co Ltd, Wuxi Suntech Power Co. Ltd., Adani Green Energy Ltd, Zhongli Talesun Solar Co. Ltd, SoliTek, Seraphim Solar System Co. Ltd., Jiangsu Sunport Power Corp. Ltd., Yingli Green Energy Holding Co Ltd.

North America was the largest region in the bifacial solar market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bifacial solar market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bifacial solar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The bifacial solar market consists of sales of bifacial solar panels, inverters, mounting systems, and monitoring solutions. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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