Bifacial Solar Market Size, Share, Growth Analysis, By Type(Framed, and Frameless), By Application(Commercial, Residential) - Industry Forecast 2024-2031

North America is holding a dominant share of the global market. The growing solar market in North America is fueling the sales of bifacial solar. The United States is the major consumer of bifacial solar cells. This is due to their growing awareness and presence of tech-savvy consumers. Supportive government policies, initiatives, and environmental regulations are driving the sales of bifacial solar panels in the United States and Canada. High consumer awareness regarding the use of solar products and technologies in this region is also slated to bolster the demand for bifacial solar products in the future.

Asia Pacific is the largest market of bifacial solar manufacturers, and this is somewhere leading to its high demand growth across the region. During the projected period, sales of bifacial solar panels are expected to increase at a high pace. China, Japan, India, and South Korea are major markets for bifacial solar producers. Respective governments are implementing strict environmental regulations, and several companies are adopting sustainable practices, which is leading to high sales of bifacial solar cells. Advancements in solar technology by manufacturers in China and increasing affordability of solar products are also slated to create new opportunities for bifacial solar providers through 2031.