조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년07월
Bifacial Solar Market – Global Forecast To 2029
양면 태양광 시장 – 유형(듀얼 유리, 유리 백시트), 프레임 유형(프레임 포함, 프레임리스), 셀 기술(이면 부동태형 셀, 이종접합, TOPCon), 용도(주택, 상업 & 산업, 공익 사업) – 2029년까지 세계 예측
Bifacial Solar Market by Type (Dual-Glass, Glass-Backsheet), Frame Type (Framed, Frameless), Cell Technology (Passivated Emitter Rear Contact, Heterojunction, TOPCon), Application (Residential, Commercial & Industrial, Utilities) – Global Forecast to 2029
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| 구성 | 영문조사보고서 |
Report Overview
The global bifacial solar market is estimated to grow from USD 18.5 billion in 2024 to USD 37.6 billion by 2029; it is expected to record a CAGR of 15.2% during the forecast period.
세계 양면 태양광 시장은 2024년 185억 달러에서 2029년까지 376억 달러로 성장할 것으로 추정된다. 예측 기간 동안 15.2%의 CAGR을 기록할 것으로 예상됩니다.
Bifacial solar panels are increasingly achieving grid parity across various global markets, positioning them as viable competitors to conventional energy sources. This parity is driven by advancements in technology and manufacturing efficiencies, which have lowered production costs significantly. Coupled with supportive policies and incentives from governments, these panels offer not only enhanced energy capture from both sides but also improved overall economic feasibility.
“Passivated Emitter Rear Contact (PERC)”: The largest segment of the bifacial solar market, by cell technology“
Based on cell technology, the bifacial solar market has been segmented into Passivated Emitter Rear Contact (PERC), TOPCon, and Heterojunction (HJT). The Passivated Emitter Rear Contact (PERC) segment is expected to be the largest segment during the forecast period. PERC cells demonstrate robust compatibility with cutting-edge advancements such as half-cut cells and multi-busbar designs, significantly amplifying overall panel performance. This synergy enhances energy generation efficiency and durability, optimizing the utilization of sunlight in both conventional and bifacial solar panel configurations. This integration not only boosts power output but also contributes to the scalability and cost-effectiveness of solar energy systems, reinforcing PERC technology’s position as a pivotal driver in the evolving solar market landscape.
“By type, the Glass-backsheet Bifacial Solar segment is expected to be the second largest segment during the forecast period.”
Based on type, the bifacial solar market is segmented into glass-backsheet bifacial solar, and dual-glass bifacial solar. The glass-backsheet bifacial solar segment is expected to be the second largest segment of the bifacial solar market during the forecast period. As manufacturers refine their processes, such as the lamination of glass backsheet materials and the application of bifacial cell technology, production efficiencies improve. These advancements not only enhance the overall performance and durability of bifacial panels but also contribute to significant cost reductions over time. Moreover, innovations in materials science and engineering contribute to cost savings by improving the reliability and longevity of glass-backsheet panels, reducing maintenance costs and enhancing their overall lifetime value. Combined with supportive regulatory frameworks and increasing investor confidence in renewable energy technologies, these cost reduction efforts foster a favorable environment for the widespread adoption of glass-backsheet bifacial solar panels in both residential and utility-scale solar installations.
“Asia Pacific” is expected to be the largest region in the bifacial solar market.”
Asia pacific is expected to be the largest region in the bifacial solar market during the forecast period. Enhanced grid integration capabilities and improved grid stability are pivotal factors bolstering the feasibility and attractiveness of deploying bifacial solar projects across the Asia-Pacific region. As countries in this region continue to expand their renewable energy capacities, the integration of bifacial solar into existing grids becomes increasingly seamless. This advancement not only supports the reliability of electricity supply but also facilitates the efficient management of fluctuating renewable energy sources. Furthermore, advancements in grid technology tailored to regional climatic conditions and energy consumption patterns further optimize the performance of bifacial solar installations, promoting their widespread adoption as a sustainable energy solution in the Asia-Pacific context.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
By Region: North America- 10%, Europe- 25%, Asia Pacific- 35%, Middle East – 5%, Africa – 15%, South America – 10%
Note: Others include sales managers, engineers, and regional managers.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The bifacial solar market is dominated by a few major players that have a wide regional presence. The leading players in the bifacial solar market are LONGi (China), Trinasolar (China), Canadian Solar (Canada), JA SOLAR Technology Co., Ltd. (China), and SHARP CORPORATION (Japan). The major strategy adopted by the players includes new product launches, contracts, agreements, partnerships, joint ventures, acquisitions, and investments & expansions.
Research Coverage:
The report defines, describes, and forecasts the global bifacial solar Market based on type, frame type, cell technology, application, and region. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the bifacial solar market.
Key Benefits of Buying the Report
- Government initiatives at the national and international levels amplify the impact of investment on the bifacial solar market. Robust policy frameworks, often accompanied by financial incentives, subsidies, and regulatory support, encourage widespread adoption of bifacial solar. Factors such as high initial cost and lack of infrastructure restrain the growth of the market. The growing energy transition towards renewable energy sources and rapid urbanization are expected to present lucrative opportunities for the players operating in the bifacial solar.
- Product Development/ Innovation: The bifacial solar market is witnessing significant product development and innovation, driven by the growing demand for environmentally friendly, safe and sustainable products. Companies are investing in developing advanced bifacial solar for various applications.
- Market Development: Canadian Solar has announced a multi-year agreement with Lightsource BP to supply 1.2 GW of high-efficiency polycrystalline solar modules for projects in the US and Australia. The projects will utilize Canadian Solar’s polycrystalline bifacial BiHiKu (CS3W-PB-AG) and HiKu (CS3W-P) modules. Canadian Solar, known globally for its solar cell and module innovations, specializes in bifacial modules that generate power from both the front and rear sides, increasing output compared to standard monofacial modules. The BiHiKu bifacial modules, noted for their high output, are expected to maximize power generation within limited plant areas.
- Market Diversification: Canadian Solar has announced the establishment of a new 5 GW solar PV cell manufacturing facility at the River Ridge Commerce Center in Jeffersonville, Indiana. This state-of-the-art plant will produce approximately 20,000 high-power modules daily, contributing significantly to solar energy production. Representing an investment exceeding $800 million, the facility is projected to generate about 1,200 skilled high-tech jobs once fully operational. The solar cells manufactured here will support Canadian Solar’s module assembly plant in Mesquite, Texas, with production set to commence by the end of 2025.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include LONGi (China), Trinasolar (China), Canadian Solar (Canada), JA SOLAR Technology Co., Ltd. (China), and SHARP CORPORATION (Japan) among others in the bifacial solar market.
Table of Contents
1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 MARKET DEFINITION 23
1.3 INCLUSIONS AND EXCLUSIONS 23
1.4 STUDY SCOPE 24
1.4.1 BIFACIAL SOLAR MARKET SEGMENTATION 24
1.4.2 YEARS CONSIDERED 24
1.5 CURRENCY CONSIDERED 25
1.6 UNITS CONSIDERED 25
1.7 LIMITATIONS 25
1.8 STAKEHOLDERS 25
1.9 RECESSION IMPACT 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
2.2 SECONDARY AND PRIMARY RESEARCH 28
2.2.1 SECONDARY DATA 28
2.2.1.1 List of major secondary sources 28
2.2.1.2 Key data from secondary sources 28
2.2.2 PRIMARY DATA 29
2.2.2.1 List of primary interview participants 29
2.2.2.2 Key industry insights 29
2.2.2.3 Breakdown of primary interviews 30
2.2.2.4 Key data from primary sources 30
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 31
2.4 MARKET SIZE ESTIMATION 32
2.4.1 BOTTOM-UP APPROACH 32
2.4.2 TOP-DOWN APPROACH 33
2.4.3 DEMAND-SIDE ANALYSIS 34
2.4.3.1 Calculations for demand-side analysis 34
2.4.4 SUPPLY-SIDE ANALYSIS 35
2.4.4.1 Assumptions for supply-side analysis 36
2.4.4.2 Calculations for supply-side analysis 36
2.5 GROWTH FORECAST ASSUMPTIONS 37
2.5.1 RESEARCH LIMITATIONS 37
2.5.2 RISK ASSESSMENT 38
2.5.3 IMPACT OF RECESSION ON BIFACIAL SOLAR MARKET 38
3 EXECUTIVE SUMMARY 39
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BIFACIAL SOLAR MARKET 43
4.2 BIFACIAL SOLAR MARKET, BY REGION 44
4.3 BIFACIAL SOLAR MARKET, BY TYPE 44
4.4 BIFACIAL SOLAR MARKET, BY FRAME TYPE 45
4.5 BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY 45
4.6 BIFACIAL SOLAR MARKET, BY APPLICATION 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 MARKET DYNAMICS 48
5.2.1 DRIVERS 48
5.2.1.1 Declining costs of bifacial solar panels 48
5.2.1.2 Higher efficiency and durability 49
5.2.2 RESTRAINTS 49
5.2.2.1 Complexity of installations 49
5.2.2.2 Dependence on albedo 49
5.2.3 OPPORTUNITIES 50
5.2.3.1 Government initiatives on bifacial solar technology 50
5.2.3.2 Emergence of advanced technologies such as TOPCon and IBC 50
5.2.4 CHALLENGES 51
5.2.4.1 Grid injection challenges 51
5.2.4.2 Competition from other energy sources 51
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 52
5.4 PRICING ANALYSIS 53
5.4.1 AVERAGE PRICE TREND OF BIFACIAL SOLAR, BY REGION 53
5.4.2 INDICATIVE PRICE TREND OF BIFACIAL SOLAR, BY CELL TECHNOLOGY 54
5.5 SUPPLY CHAIN ANALYSIS 55
5.5.1 RAW MATERIAL PROVIDERS 55
5.5.2 BIFACIAL SOLAR MANUFACTURERS 55
5.5.3 BIFACIAL SOLAR SUPPLIERS 55
5.5.4 END USERS 56
5.6 ECOSYSTEM ANALYSIS 56
5.7 TECHNOLOGY ANALYSIS 57
5.7.1 KEY TECHNOLOGIES 57
5.7.1.1 Monocrystalline 57
5.7.1.2 Polycrystalline 58
5.7.1.3 Nanocrystalline 58
5.7.2 COMPLEMENTARY TECHNOLOGIES 58
5.7.2.1 P–Type solar panels 58
5.7.2.2 N–Type solar panels 59
5.7.2.3 P-N Type solar panels 59
5.7.3 ADJACENT TECHNOLOGIES 59
5.7.3.1 Monofacial solar panel 59
5.7.3.2 Perovskite solar cells 60
5.8 CASE STUDY ANALYSIS 60
5.8.1 SHARP HELPED BIG C SUPERMARKET (THAILAND) IN INSTALLATION OF ROOFTOP SOLAR PANELS 60
5.8.2 HEWLETT PACKARD (HP) INSTALLED SOLAR PANELS ON ITS ROOFTOPS WITH HELP OF SHARP (JAPAN) 60
5.8.3 ASHOK TEXTILES’ STRATEGIES FOR TERRAIN-DRIVEN EFFICIENCY 61
5.9 PATENT ANALYSIS 62
5.9.1 LIST OF MAJOR PATENTS 63
5.10 TRADE ANALYSIS 64
5.10.1 HS CODE 854143 64
5.10.1.1 Export scenario 64
5.10.1.2 Import scenario 65
5.10.2 HS CODE 854142 66
5.10.2.1 Export scenario 66
5.10.2.2 Import scenario 67
5.11 KEY CONFERENCES AND EVENTS 68
5.12 REGULATORY LANDSCAPE 69
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69
5.12.2 BIFACIAL SOLAR MARKET: REGULATORY FRAMEWORK 72
5.13 PORTER’S FIVE FORCES ANALYSIS 73
5.13.1 THREAT OF SUBSTITUTES 74
5.13.2 BARGAINING POWER OF SUPPLIERS 74
5.13.3 BARGAINING POWER OF BUYERS 74
5.13.4 THREAT OF NEW ENTRANTS 74
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 74
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 75
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 75
5.14.2 BUYING CRITERIA 75
5.15 INVESTMENT AND FUNDING SCENARIO 76
6 BIFACIAL SOLAR MARKET, BY POWER CAPACITY 77
6.1 INTRODUCTION 77
6.2 UPTO 200 WP 77
6.3 200−400 WP 77
6.4 ABOVE 400 WP 79
7 BIFACIAL SOLAR MARKET, BY PANEL TYPE 84
7.1 INTRODUCTION 84
7.2 MONOCRYSTALLINE 84
7.2.1 LONGEVITY AND EFFICIENCY OF MONOCRYSTALLINE SOLAR PANELS T0 DRIVE MARKET 84
7.3 POLYCRYSTALLINE 85
7.3.1 LOWERING INVESTMENT BARRIERS IN POLYSILICON MANUFACTURING TO FUEL MARKET GROWTH 85
8 BIFACIAL SOLAR MARKET, BY FRAME TYPE 86
8.1 INTRODUCTION 87
8.2 FRAMED BIFACIAL SOLAR 88
8.2.1 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR FRAMED BIFACIAL SOLAR 88
8.3 FRAMELESS BIFACIAL SOLAR 89
8.3.1 LOWER MAINTENANCE REQUIREMENTS IN EXTREME WEATHER CONDITIONS TO FUEL MARKET 89
9 BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY 91
9.1 INTRODUCTION 92
9.2 PASSIVATED EMITTER AND REAR CONTACT (PERC) 93
9.2.1 STRENGTHENING GRID STABILITY WITH COMMUNITY SOLAR AND PERC PANELS TO DRIVE MARKET 93
9.3 HETEROJUNCTION (HJT) 94
9.3.1 INNOVATIONS IN LID RESISTANCE WITH HJT SOLAR CELLS TO FUEL MARKET GROWTH 94
9.4 TOPCON 95
9.4.1 OPTIMAL PERFORMANCE OF TOPCON CELLS IN FREEZING CLIMATES TO SUPPORT MARKET GROWTH 95
9.5 OTHER CELL TECHNOLOGIES 96
9.5.1 PASSIVATED EMITTER REAR LOCALLY-DIFFUSED (PERL) 96
9.5.2 INTERDIGITATED BACK CONTACT (IBC) 97
9.5.3 PASSIVATED EMITTER REAR TOTALLY DIFFUSED (PERT) 97
10 BIFACIAL SOLAR MARKET, BY APPLICATION 98
10.1 INTRODUCTION 99
10.2 RESIDENTIAL 100
10.2.1 ASIA PACIFIC TO BE LARGEST MARKET FOR BIFACIAL SOLAR IN RESIDENTIAL SECTOR 100
10.3 COMMERCIAL & INDUSTRIAL 101
10.3.1 RISING ELECTRICITY COSTS AND SHIFT TOWARDS SOLAR POWER TECHNOLOGY TO FUEL MARKET 101
10.4 UTILITIES 102
10.4.1 ENVIRONMENTAL BENEFITS OF SOLAR POWER PLANTS TO SUPPORT MARKET GROWTH 102
11 BIFACIAL SOLAR MARKET, BY REGION 104
11.1 INTRODUCTION 105
11.2 ASIA PACIFIC 107
11.2.1 RECESSION IMPACT: ASIA PACIFIC 108
11.2.2 BY TYPE 109
11.2.3 BY FRAME TYPE 109
11.2.4 BY CELL TECHNOLOGY 110
11.2.5 BY APPLICATION 110
11.2.6 BY COUNTRY 111
11.2.6.1 China 112
11.2.6.1.1 China to remain dominant market in Asia Pacific 112
11.2.6.2 Japan 113
11.2.6.2.1 Government initiatives to drive market growth 113
11.2.6.3 South Korea 114
11.2.6.3.1 Utilities segment to be largest end user of bifacial solar 114
11.2.6.4 Australia 114
11.2.6.4.1 Commercial & industrial application to register highest CAGR during forecast period 114
11.2.6.5 India 115
11.2.6.5.1 Strong government initiatives for renewable energy to drive market 115
11.2.6.6 Rest of Asia Pacific 116
11.3 NORTH AMERICA 117
11.3.1 RECESSION IMPACT: NORTH AMERICA 118
11.3.2 BY TYPE 118
11.3.3 BY FRAME TYPE 119
11.3.4 BY CELL TECHNOLOGY 119
11.3.5 BY APPLICATION 120
11.3.6 BY COUNTRY 121
11.3.6.1 US 122
11.3.6.1.1 Federal policies boosting solar energy integration to support market growth 122
11.3.6.2 Canada 123
11.3.6.2.1 Canada to witness scalable production and innovation in solar modules 123
11.3.6.3 Mexico 124
11.3.6.3.1 Utilities segment to be largest end user of bifacial solar 124
11.4 EUROPE 124
11.4.1 RECESSION IMPACT: EUROPE 125
11.4.2 BY TYPE 125
11.4.3 BY FRAME TYPE 125
11.4.4 BY CELL TECHNOLOGY 126
11.4.5 BY APPLICATION 126
11.4.6 BY COUNTRY 127
11.4.6.1 Germany 128
11.4.6.1.1 Government initiatives to support market growth 128
11.4.6.2 Italy 129
11.4.6.2.1 Utilities to be fastest-growing application of bifacial solar in Italy 129
11.4.6.3 Netherlands 130
11.4.6.3.1 Investments and clean energy initiatives fueling market growth 130
11.4.6.4 Spain 131
11.4.6.4.1 Energy transformation targets to support market growth 131
11.4.6.5 France 132
11.4.6.5.1 Supportive legislation to drive market growth in France 132
11.4.6.6 Rest of Europe 133
11.5 REST OF THE WORLD 134
11.5.1 RECESSION IMPACT: NORTH AMERICA 134
11.5.2 BY TYPE 134
11.5.3 BY FRAME TYPE 135
11.5.4 BY CELL TECHNOLOGY 135
11.5.5 BY APPLICATION 136
11.5.6 BY COUNTRY 137
11.5.6.1 Middle East & Africa 138
11.5.6.1.1 Increased investments in renewable energy to drive market 138
11.5.6.2 South America 138
11.5.6.2.1 Brazil to be major driver of bifacial solar market in South America 138
12 COMPETITIVE LANDSCAPE 139
12.1 OVERVIEW 139
12.2 STRATEGIES ADOPTED BY KEY PLAYERS 139
12.3 MARKET SHARE ANALYSIS 142
12.4 MARKET EVALUATION FRAMEWORK 144
12.5 SEGMENTAL REVENUE ANALYSIS OF TOP MARKET PLAYERS 145
12.6 COMPANY VALUATION AND FINANCIAL METRICS 145
12.7 BRAND/PRODUCT COMPARISON 146
12.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 147
12.8.1 STARS 147
12.8.2 EMERGING LEADERS 147
12.8.3 PERVASIVE PLAYERS 147
12.8.4 PARTICIPANTS 147
12.8.5 COMPANY FOOTPRINT, KEY PLAYERS 149
12.8.5.1 Overall footprint 149
12.8.5.2 Region footprint 151
12.8.5.3 Type footprint 152
12.8.5.4 Frame type footprint 153
12.8.5.5 Cell technology footprint 154
12.8.5.6 Panel type footprint 155
12.8.5.7 Application footprint 156
12.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 157
12.9.1 PROGRESSIVE COMPANIES 157
12.9.2 RESPONSIVE COMPANIES 157
12.9.3 DYNAMIC COMPANIES 157
12.9.4 STARTING BLOCKS 157
12.9.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 159
12.9.5.1 List of key startups/SMEs 159
12.9.5.2 Competitive benchmarking of key startups/SMEs 160
12.10 COMPETITIVE SCENARIO AND TRENDS 161
12.10.1 PRODUCT LAUNCHES 161
12.10.2 DEALS 164
12.10.3 EXPANSIONS 173
12.10.4 OTHERS 174
13 COMPANY PROFILES 176
13.1 KEY PLAYERS 176
13.1.1 LONGI 176
13.1.1.1 Business overview 176
13.1.1.2 Products/Solutions/Services offered 177
13.1.1.3 Recent developments 178
13.1.1.3.1 Product launches 178
13.1.1.3.2 Deals 180
13.1.1.3.3 Others 187
13.1.1.4 MnM View 195
13.1.1.4.1 Right to win 195
13.1.1.4.2 Strategic choices 195
13.1.1.4.3 Weaknesses and competitive threats 195
13.1.2 CANADIAN SOLAR 196
13.1.2.1 Business overview 196
13.1.2.2 Products/Solutions/Services offered 197
13.1.2.3 Recent developments 198
13.1.2.3.1 Product launches 198
13.1.2.3.2 Deals 198
13.1.2.3.3 Expansions 203
13.1.2.3.4 Others 206
13.1.2.4 MnM View 206
13.1.2.4.1 Right to win 206
13.1.2.4.2 Strategic choices 206
13.1.2.4.3 Weaknesses and competitive threats 207
13.1.3 TRINASOLAR 208
13.1.3.1 Business overview 208
13.1.3.2 Products/Solutions/Services offered 209
13.1.3.3 Recent developments 210
13.1.3.3.1 Product launches 210
13.1.3.3.2 Deals 214
13.1.3.3.3 Expansions 216
13.1.3.3.4 Others 218
13.1.3.4 MnM view 220
13.1.3.4.1 Right to win 220
13.1.3.4.2 Strategic choices 221
13.1.3.4.3 Weaknesses and competitive threats 221
13.1.4 SHARP CORPORATION 222
13.1.4.1 Business overview 222
13.1.4.2 Products/Solutions/Services offered 223
13.1.4.3 Recent developments 224
13.1.4.3.1 Product launches 224
13.1.4.3.2 Deals 226
13.1.4.3.3 Others 232
13.1.4.4 MnM view 232
13.1.4.4.1 Right to win 232
13.1.4.4.2 Strategic choices 232
13.1.4.4.3 Weaknesses and competitive threats 232
13.1.5 JA SOLAR TECHNOLOGY CO., LTD. 233
13.1.5.1 Business overview 233
13.1.5.2 Products/Solutions/Services offered 234
13.1.5.3 Recent developments 235
13.1.5.3.1 Product launches 235
13.1.5.3.2 Deals 236
13.1.5.3.3 Others 237
13.1.5.4 MnM View 238
13.1.5.4.1 Right to win 238
13.1.5.4.2 Strategic choices 239
13.1.5.4.3 Weaknesses and competitive threats 239
13.1.6 JINKO SOLAR 240
13.1.6.1 Business overview 240
13.1.6.2 Products/Solutions/Services offered 241
13.1.6.3 Recent developments 242
13.1.6.3.1 Product launches 242
13.1.6.3.2 Deals 243
13.1.6.3.3 Expansions 246
13.1.6.3.4 Others 247
13.1.7 ADANI GROUP 252
13.1.7.1 Business overview 252
13.1.7.2 Products/Solutions/Services offered 253
13.1.7.2.1 Product launches 254
13.1.7.2.2 Deals 254
13.1.8 FIRST SOLAR 257
13.1.8.1 Business overview 257
13.1.8.2 Products/Solutions/Services offered 258
13.1.8.3 Recent developments 259
13.1.8.3.1 Deals 259
13.1.8.3.2 Expansions 265
13.1.8.3.3 Others 267
13.1.9 RENEWSYS INDIA PVT. LTD. 270
13.1.9.1 Business overview 270
13.1.9.2 Products/Solutions/Services offered 270
13.1.9.3 Recent developments 271
13.1.9.3.1 Product launches 271
13.1.9.3.2 Deals 272
13.1.9.3.3 Expansions 273
13.1.10 HANWHA QCELLS 274
13.1.10.1 Business overview 274
13.1.10.2 Products/Services/Solutions offered 274
13.1.10.3 Recent developments 275
13.1.10.3.1 Deals 275
13.1.10.3.2 Expansions 279
13.1.10.3.3 Others 280
13.1.11 TALESUN SOLAR CO., LTD. 281
13.1.11.1 Business overview 281
13.1.11.2 Products/Solutions/Services offered 281
13.1.11.3 Recent developments 283
13.1.11.3.1 Deals 283
13.1.11.3.2 Expansions 285
13.1.11.3.3 Others 288
13.1.12 HD HYUNDAI ENERGY SOLUTIONS., LTD. 291
13.1.12.1 Business overview 291
13.1.12.2 Products/Solutions/Services offered 291
13.1.12.3 Recent developments 292
13.1.12.3.1 Expansions 292
13.1.13 CHINT GROUP 293
13.1.13.1 Business overview 293
13.1.13.2 Products/Services/Solutions offered 293
13.1.13.3 Recent developments 294
13.1.13.3.1 Deals 294
13.1.13.3.2 Others 295
13.1.14 SOLAREDGE 296
13.1.14.1 Business overview 296
13.1.14.2 Products/Services/Solutions offered 297
13.1.15 TATA POWER SOLAR SYSTEMS LTD. 298
13.1.15.1 Business overview 298
13.1.15.2 Products/Services/Solutions offered 298
13.1.15.3 Recent developments 299
13.1.15.3.1 Product launches 299
13.1.15.3.2 Deals 299
13.1.15.3.3 Expansions 305
13.1.15.3.4 Others 306
13.2 OTHER PLAYERS 307
13.2.1 ZNSHINE PV-TECH CO., LTD. 307
13.2.2 YINGLI SOLAR 308
13.2.3 WUXI SUNTECH POWER CO., LTD. 309
13.2.4 CROSSROADS SOLAR 310
13.2.5 SEG SOLAR 311
13.2.6 NEOSUN INC. 312
13.2.7 AUXIN SOLAR INC. 312
13.2.8 SOLITEK 313
13.2.9 SAATVIK SOLAR 314
13.2.10 SILFAB SOLAR INC. 315
14 APPENDIX 316
14.1 INSIGHTS FROM INDUSTRY EXPERTS 316
14.2 DISCUSSION GUIDE 317
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 322
14.4 CUSTOMIZATION OPTIONS 324
14.5 RELATED REPORTS 324
14.6 AUTHOR DETAILS 325
LIST OF TABLES
TABLE 1 BIFACIAL SOLAR MARKET SNAPSHOT 39
TABLE 2 AVERAGE PRICE TREND OF BIFACIAL SOLAR, BY REGION, 2023–2029 (USD/WP) 53
TABLE 3 INDICATIVE PRICE TREND OF BIFACIAL SOLAR, BY CELL TECHNOLOGY,
2023–2029 (USD/WP) 54
TABLE 4 BIFACIAL SOLAR MARKET: COMPANIES AND THEIR ROLES IN ECOSYSTEM 56
TABLE 5 BIFACIAL SOLAR MARKET: INNOVATIONS AND PATENT REGISTRATIONS,
2019–2023 63
TABLE 6 EXPORT DATA FOR HS CODE 854143, BY COUNTRY,
2022–2023 (USD THOUSAND) 64
TABLE 7 IMPORT SCENARIO FOR HS CODE 854143, BY COUNTRY,
2022–2023 (USD THOUSAND) 65
TABLE 8 EXPORT DATA FOR HS CODE 854142, BY COUNTRY,
2022–2023 (USD THOUSAND) 66
TABLE 9 IMPORT SCENARIO FOR HS CODE 854142, BY COUNTRY,
2022–2023 (USD THOUSAND) 67
TABLE 10 BIFACIAL SOLAR MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2023–2024 68
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 69
TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 70
TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 70
TABLE 14 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 71
TABLE 15 BIFACIAL SOLAR MARKET: REGULATIONS 72
TABLE 16 BIFACIAL SOLAR MARKET: PORTER’S FIVE FORCES ANALYSIS 73
TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TYPE 75
TABLE 18 KEY BUYING CRITERIA IN TOP 3 APPLICATIONS 76
TABLE 19 COMPANIES OFFERING BIFACIAL MODULES UP TO 200 WP 77
TABLE 20 COMPANIES OFFERING 200−400 WP BIFACIAL MODULES 78
TABLE 21 COMPANIES OFFERING ABOVE 400 WP BIFACIAL MODULES 79
TABLE 22 BIFACIAL SOLAR MARKET, BY FRAME TYPE, 2019–2023 (USD MILLION) 87
TABLE 23 BIFACIAL SOLAR MARKET, BY FRAME TYPE, 2024–2029 (USD MILLION) 88
TABLE 24 FRAMED BIFACIAL SOLAR MARKET, BY REGION, 2019–2023 (USD MILLION) 88
TABLE 25 FRAMED BIFACIAL SOLAR MARKET, BY REGION, 2024–2029 (USD MILLION) 89
TABLE 26 FRAMELESS BIFACIAL SOLAR MARKET, BY REGION, 2019–2023 (USD MILLION) 90
TABLE 27 FRAMELESS BIFACIAL SOLAR MARKET, BY REGION, 2024–2029 (USD MILLION) 90
TABLE 28 BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY, 2019–2023 (USD MILLION) 92
TABLE 29 BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY, 2024–2029 (USD MILLION) 93
TABLE 30 PASSIVATED EMITTER AND REAR CELL (PERC): BIFACIAL SOLAR MARKET,
BY REGION, 2019–2023 (USD MILLION) 93
TABLE 31 PASSIVATED EMITTER AND REAR CELL (PERC): BIFACIAL SOLAR MARKET,
BY REGION, 2024–2029 (USD MILLION) 94
TABLE 32 HETEROJUNCTION (HJT): BIFACIAL SOLAR MARKET, BY REGION,
2019–2023 (USD MILLION) 95
TABLE 33 HETEROJUNCTION (HJT): BIFACIAL SOLAR MARKET, BY REGION,
2024–2029 (USD MILLION) 95
TABLE 34 TOPCON: BIFACIAL SOLAR MARKET, BY REGION, 2019–2023 (USD MILLION) 96
TABLE 35 TOPCON: BIFACIAL SOLAR MARKET, BY REGION, 2024–2029 (USD MILLION) 96
TABLE 36 BIFACIAL SOLAR MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 99
TABLE 37 BIFACIAL SOLAR MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 100
TABLE 38 RESIDENTIAL: BIFACIAL SOLAR MARKET, BY REGION, 2019–2023 (USD MILLION) 100
TABLE 39 RESIDENTIAL: BIFACIAL SOLAR MARKET, BY REGION, 2024–2029 (USD MILLION) 101
TABLE 40 COMMERCIAL & INDUSTRIAL: BIFACIAL SOLAR MARKET, BY REGION,
2019–2023 (USD MILLION) 101
TABLE 41 COMMERCIAL & INDUSTRIAL: BIFACIAL SOLAR MARKET, BY REGION,
2024–2029 (USD MILLION) 102
TABLE 42 UTILITIES: BIFACIAL SOLAR MARKET, BY REGION, 2019–2023 (USD MILLION) 102
TABLE 43 UTILITIES: BIFACIAL SOLAR MARKET, BY REGION, 2024–2029 (USD MILLION) 103
TABLE 44 BIFACIAL SOLAR MARKET, BY REGION, 2019–2023 (USD MILLION) 106
TABLE 45 BIFACIAL SOLAR MARKET, BY REGION, 2024–2029 (USD MILLION) 106
TABLE 46 BIFACIAL SOLAR MARKET, BY REGION, 2019–2023 (MW) 107
TABLE 47 BIFACIAL SOLAR MARKET, BY REGION, 2024–2029 (MW) 107
TABLE 48 ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY TYPE, 2019–2023 (USD MILLION) 109
TABLE 49 ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY TYPE, 2024–2029 (USD MILLION) 109
TABLE 50 ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY FRAME TYPE,
2019–2023 (USD MILLION) 109
TABLE 51 ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY FRAME TYPE,
2024–2029 (USD MILLION) 109
TABLE 52 ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY,
2019–2023 (USD MILLION) 110
TABLE 53 ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY,
2024–2029 (USD MILLION) 110
TABLE 54 ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY APPLICATION,
2019–2023 (USD MILLION) 110
TABLE 55 ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 110
TABLE 56 ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 111
TABLE 57 ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 111
TABLE 58 ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY COUNTRY, 2019–2023 (MW) 111
TABLE 59 ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY COUNTRY, 2024–2029 (MW) 112
TABLE 60 CHINA: BIFACIAL SOLAR MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 112
TABLE 61 CHINA: BIFACIAL SOLAR MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 113
TABLE 62 JAPAN: BIFACIAL SOLAR MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 113
TABLE 63 JAPAN: BIFACIAL SOLAR MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 113
TABLE 64 SOUTH KOREA: BIFACIAL SOLAR MARKET, BY APPLICATION,
2019–2023 (USD MILLION) 114
TABLE 65 SOUTH KOREA: BIFACIAL SOLAR MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 114
TABLE 66 AUSTRALIA: BIFACIAL SOLAR MARKET, BY APPLICATION,
2019–2023 (USD MILLION) 115
TABLE 67 AUSTRALIA: BIFACIAL SOLAR MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 115
TABLE 68 INDIA: BIFACIAL SOLAR MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 116
TABLE 69 INDIA: BIFACIAL SOLAR MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 116
TABLE 70 REST OF ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY APPLICATION,
2019–2023 (USD MILLION) 116
TABLE 71 REST OF ASIA PACIFIC: BIFACIAL SOLAR MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 117
TABLE 72 NORTH AMERICA: BIFACIAL SOLAR MARKET, BY TYPE, 2019–2023 (USD MILLION) 118
TABLE 73 NORTH AMERICA: BIFACIAL SOLAR MARKET, BY TYPE, 2024–2029 (USD MILLION) 119
TABLE 74 NORTH AMERICA: BIFACIAL SOLAR MARKET, BY FRAME TYPE,
2019–2023 (USD MILLION) 119
TABLE 75 NORTH AMERICA: BIFACIAL SOLAR MARKET, BY FRAME TYPE,
2024–2029 (USD MILLION) 119
TABLE 76 NORTH AMERICA: BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY,
2019–2023 (USD MILLION) 119
TABLE 77 NORTH AMERICA: BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY,
2024–2029 (USD MILLION) 120
TABLE 78 NORTH AMERICA: BIFACIAL SOLAR MARKET, BY APPLICATION,
2019–2023 (USD MILLION) 120
TABLE 79 NORTH AMERICA: BIFACIAL SOLAR MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 120
TABLE 80 NORTH AMERICA: BIFACIAL SOLAR MARKET, BY COUNTRY,
2019–2023 (USD MILLION) 121
TABLE 81 NORTH AMERICA: BIFACIAL SOLAR MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 121
TABLE 82 NORTH AMERICA: BIFACIAL SOLAR MARKET, BY COUNTRY, 2019–2023 (MW) 121
TABLE 83 NORTH AMERICA: BIFACIAL SOLAR MARKET, BY COUNTRY, 2024–2029 (MW) 121
TABLE 84 US: BIFACIAL SOLAR MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 122
TABLE 85 US: BIFACIAL SOLAR MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 122
TABLE 86 CANADA: BIFACIAL SOLAR MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 123
TABLE 87 CANADA: BIFACIAL SOLAR MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 123
TABLE 88 MEXICO: BIFACIAL SOLAR MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 124
TABLE 89 MEXICO: BIFACIAL SOLAR MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 124
TABLE 90 EUROPE: BIFACIAL SOLAR MARKET, BY TYPE, 2019–2023 (USD MILLION) 125
TABLE 91 EUROPE: BIFACIAL SOLAR MARKET, BY TYPE, 2024–2029 (USD MILLION) 125
TABLE 92 EUROPE: BIFACIAL SOLAR MARKET, BY FRAME TYPE, 2019–2023 (USD MILLION) 125
TABLE 93 EUROPE: BIFACIAL SOLAR MARKET, BY FRAME TYPE, 2024–2029 (USD MILLION) 126
TABLE 94 EUROPE: BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY,
2019–2023 (USD MILLION) 126
TABLE 95 EUROPE: BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY,
2024–2029 (USD MILLION) 126
TABLE 96 EUROPE: BIFACIAL SOLAR MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 126
TABLE 97 EUROPE: BIFACIAL SOLAR MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 127
TABLE 98 EUROPE: BIFACIAL SOLAR MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 127
TABLE 99 EUROPE: BIFACIAL SOLAR MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 127
TABLE 100 EUROPE: BIFACIAL SOLAR MARKET, BY COUNTRY, 2019–2023 (MW) 128
TABLE 101 EUROPE: BIFACIAL SOLAR MARKET, BY COUNTRY, 2024–2029 (MW) 128
TABLE 102 GERMANY: BIFACIAL SOLAR MARKET, BY APPLICATION,
2019–2023 (USD MILLION) 129
TABLE 103 GERMANY: BIFACIAL SOLAR MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 129
TABLE 104 ITALY: BIFACIAL SOLAR MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 130
TABLE 105 ITALY: BIFACIAL SOLAR MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 130
TABLE 106 NETHERLANDS: BIFACIAL SOLAR MARKET, BY APPLICATION,
2019–2023 (USD MILLION) 130
TABLE 107 NETHERLANDS: BIFACIAL SOLAR MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 131
TABLE 108 SPAIN: BIFACIAL SOLAR MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 131
TABLE 109 SPAIN: BIFACIAL SOLAR MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 132
TABLE 110 FRANCE: BIFACIAL SOLAR MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 132
TABLE 111 FRANCE: BIFACIAL SOLAR MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 133
TABLE 112 REST OF EUROPE: BIFACIAL SOLAR MARKET, BY APPLICATION,
2019–2023 (USD MILLION) 133
TABLE 113 REST OF EUROPE: BIFACIAL SOLAR MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 134
TABLE 114 REST OF THE WORLD: BIFACIAL SOLAR MARKET, BY TYPE,
2019–2023 (USD MILLION) 134
TABLE 115 REST OF THE WORLD: BIFACIAL SOLAR MARKET, BY TYPE,
2024–2029 (USD MILLION) 135
TABLE 116 REST OF THE WORLD: BIFACIAL SOLAR MARKET, BY FRAME TYPE,
2019–2023 (USD MILLION) 135
TABLE 117 REST OF THE WORLD: BIFACIAL SOLAR MARKET, BY FRAME TYPE,
2024–2029 (USD MILLION) 135
TABLE 118 REST OF THE WORLD: BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY,
2019–2023 (USD MILLION) 135
TABLE 119 REST OF THE WORLD: BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY,
2024–2029 (USD MILLION) 136
TABLE 120 REST OF THE WORLD: BIFACIAL SOLAR MARKET, BY APPLICATION,
2019–2023 (USD MILLION) 136
TABLE 121 REST OF THE WORLD: BIFACIAL SOLAR MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 136
TABLE 122 REST OF THE WORLD: BIFACIAL SOLAR MARKET, BY COUNTRY,
2019–2023 (USD MILLION) 137
TABLE 123 REST OF THE WORLD: BIFACIAL SOLAR MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 137
TABLE 124 REST OF THE WORLD: BIFACIAL SOLAR MARKET, BY COUNTRY, 2019–2023 (MW) 137
TABLE 125 REST OF THE WORLD: BIFACIAL SOLAR MARKET, BY COUNTRY, 2024–2029 (MW) 137
TABLE 126 BIFACIAL SOLAR MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2024 139
TABLE 127 BIFACIAL SOLAR MARKET: DEGREE OF COMPETITION, 2023 142
TABLE 128 MARKET EVALUATION FRAMEWORK, 2019–2023 144
TABLE 129 BIFACIAL SOLAR MARKET: REGIONAL FOOTPRINT, 2023 151
TABLE 130 BIFACIAL SOLAR MARKET: TYPE FOOTPRINT, 2023 152
TABLE 131 BIFACIAL SOLAR MARKET: FRAME TYPE FOOTPRINT, 2023 153
TABLE 132 BIFACIAL SOLAR MARKET: CELL TECHNOLOGY FOOTPRINT 154
TABLE 133 BIFACIAL SOLAR MARKET: PANEL TYPE FOOTPRINT 155
TABLE 134 BIFACIAL SOLAR MARKET: APPLICATION FOOTPRINT 156
TABLE 135 BIFACIAL SOLAR MARKET: LIST OF KEY STARTUPS/SMES 159
TABLE 136 BIFACIAL SOLAR MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 160
TABLE 137 BIFACIAL SOLAR MARKET: PRODUCT LAUNCHES, JANUARY 2019–MARCH 2024 161
TABLE 138 BIFACIAL SOLAR MARKET: DEALS, JANUARY 2019–MARCH 2024 164
TABLE 139 BIFACIAL SOLAR MARKET: EXPANSIONS, JANUARY 2019–MARCH 2024 173
TABLE 140 BIFACIAL SOLAR MARKET: OTHERS, JANUARY 2019–MARCH 2024 174
TABLE 141 LONGI: COMPANY OVERVIEW 176
TABLE 142 LONGI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 177
TABLE 143 LONGI: PRODUCT LAUNCHES 178
TABLE 144 LONGI: DEALS 180
TABLE 145 LONGI: OTHERS 187
TABLE 146 CANADIAN SOLAR: COMPANY OVERVIEW 196
TABLE 147 CANADIAN SOLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 197
TABLE 148 CANADIAN SOLAR: PRODUCT LAUNCHES 198
TABLE 149 CANADIAN SOLAR: DEALS 198
TABLE 150 CANADIAN SOLAR: EXPANSIONS 203
TABLE 151 CANADIAN SOLAR: OTHERS 206
TABLE 152 TRINASOLAR: COMPANY OVERVIEW 208
TABLE 153 TRINASOLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209
TABLE 154 TRINASOLAR: PRODUCT LAUNCHES 210
TABLE 155 TRINASOLAR: DEALS 214
TABLE 156 TRINASOLAR: EXPANSIONS 216
TABLE 157 TRINASOLAR: OTHERS 218
TABLE 158 SHARP CORPORATION: COMPANY OVERVIEW 222
TABLE 159 SHARP CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 223
TABLE 160 SHARP CORPORATION: PRODUCT LAUNCHES 224
TABLE 161 SHARP CORPORATION: DEALS 226
TABLE 162 SHARP CORPORATION: OTHERS 232
TABLE 163 JA SOLAR TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 233
TABLE 164 JA SOLAR TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234
TABLE 165 JA SOLAR TECHNOLOGY CO., LTD.: PRODUCT LAUNCHES 235
TABLE 166 JA SOLAR TECHNOLOGY CO., LTD.: DEALS 236
TABLE 167 JA SOLAR TECHNOLOGY CO., LTD.: OTHERS 237
TABLE 168 JINKO SOLAR: COMPANY OVERVIEW 240
TABLE 169 JINKO SOLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 241
TABLE 170 JINKO SOLAR: PRODUCT LAUNCHES 242
TABLE 171 JINKO SOLAR: DEALS 243
TABLE 172 JINKO SOLAR: EXPANSIONS 246
TABLE 173 JINKO SOLAR: OTHERS 247
TABLE 174 ADANI GROUP: COMPANY OVERVIEW 252
TABLE 175 ADANI GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 253
TABLE 176 ADANI GROUP: PRODUCT LAUNCHES 254
TABLE 177 ADANI GROUP: DEALS 254
TABLE 178 FIRST SOLAR: COMPANY OVERVIEW 257
TABLE 179 FIRST SOLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 258
TABLE 180 FIRST SOLAR: DEALS 259
TABLE 181 FIRST SOLAR: EXPANSIONS 265
TABLE 182 FIRST SOLAR: OTHERS 267
TABLE 183 RENEWSYS INDIA PVT. LTD.: BUSINESS OVERVIEW 270
TABLE 184 RENEWSYS INDIA PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 270
TABLE 185 RENEWSYS INDIA PVT. LTD.: PRODUCT LAUNCHES 271
TABLE 186 RENEWSYS INDIA PVT. LTD.: DEALS 272
TABLE 187 RENEWSYS INDIA PVT. LTD.: EXPANSIONS 273
TABLE 188 HANWHA QCELLS: COMPANY OVERVIEW 274
TABLE 189 HANWHA QCELLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 274
TABLE 190 HANWHA QCELLS: DEALS 275
TABLE 191 HANWHA QCELLS: EXPANSIONS 279
TABLE 192 HANWHA QCELLS: OTHERS 280
TABLE 193 TALESUN SOLAR CO., LTD.: COMPANY OVERVIEW 281
TABLE 194 TALESUN SOLAR CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 281
TABLE 195 TALESUN SOLAR CO., LTD.: DEALS 283
TABLE 196 TALESUN SOLAR CO., LTD.: EXPANSIONS 285
TABLE 197 TALESUN SOLAR CO., LTD.: OTHERS 288
TABLE 198 HD HYUNDAI ENERGY SOLUTIONS., LTD.: COMPANY OVERVIEW 291
TABLE 199 HYUNDAI ENERGY SOLUTIONS., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 291
TABLE 200 HD HYUNDAI ENERGY SSOLUTIONS., LTD.: EXPANSIONS 292
TABLE 201 CHINT GROUP: COMPANY OVERVIEW 293
TABLE 202 CHINT GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 293
TABLE 203 CHINT GROUP: DEALS 294
TABLE 204 CHINT GROUP: OTHERS 295
TABLE 205 SOLAREDGE: COMPANY OVERVIEW 296
TABLE 206 SOLAREDGE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 297
TABLE 207 TATA POWER SOLAR SYSTEMS LTD.: COMPANY OVERVIEW 298
TABLE 208 TATA POWER SOLAR SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 298
TABLE 209 TATA POWER SOLAR SYSTEMS LTD.: PRODUCT LAUNCHES 299
TABLE 210 TATA POWER SOLAR SYSTEMS LTD.: DEALS 299
TABLE 211 TATA POWER SOLAR SYSTEMS LTD.: EXPANSIONS 305
TABLE 212 TATA POWER SOLAR SYSTEMS LTD.: OTHERS 306
LIST OF FIGURES
FIGURE 1 BIFACIAL SOLAR MARKET: RESEARCH DESIGN 27
FIGURE 2 BIFACIAL SOLAR MARKET: DATA TRIANGULATION 31
FIGURE 3 BIFACIAL SOLAR MARKET: BOTTOM-UP APPROACH 32
FIGURE 4 BIFACIAL SOLAR MARKET: TOP-DOWN APPROACH 33
FIGURE 5 BIFACIAL SOLAR MARKET: DEMAND-SIDE ANALYSIS 34
FIGURE 6 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF BIFACIAL SOLAR PANELS 35
FIGURE 7 BIFACIAL SOLAR MARKET: SUPPLY-SIDE ANALYSIS 36
FIGURE 8 MARKET SHARE ANALYSIS OF BIFACIAL SOLAR MARKET, 2023 37
FIGURE 9 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE IN BIFACIAL SOLAR
MARKET IN 2023 40
FIGURE 10 DUAL-GLASS SEGMENT TO LEAD BIFACIAL SOLAR MARKET DURING
FORECAST PERIOD 40
FIGURE 11 FRAMED SEGMENT TO REGISTER HIGHER GROWTH IN BIFACIAL SOLAR MARKET DURING FORECAST PERIOD 41
FIGURE 12 PASSIVATED EMITTER REAR CONTACT (PERC) SEGMENT TO DOMINATE BIFACIAL SOLAR MARKET 41
FIGURE 13 UTILITIES SEGMENT TO BE LARGEST APPLICATION OF BIFACIAL SOLAR DURING FORECAST PERIOD 42
FIGURE 14 DECREASING COST OF SOLAR SYSTEMS TO BOOST MARKET GROWTH BETWEEN 2023 AND 2029 43
FIGURE 15 ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 44
FIGURE 16 DUAL-GLASS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE 44
FIGURE 17 FRAMED SEGMENT TO ACCOUNT FOR DOMINANT SHARE DURING
FORECAST PERIOD 45
FIGURE 18 PASSIVATED EMITTER REAR CONTACT (PERC) SEGMENT TO ACCOUNT
FOR LARGEST SHARE IN BIFACIAL SOLAR MARKET 45
FIGURE 19 UTILITIES SEGMENT TO BE LARGEST APPLICATION OF BIFACIAL SOLAR 46
FIGURE 20 BIFACIAL SOLAR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 48
FIGURE 21 REMUNERATION SETTINGS FOR UTILITY-SCALE RENEWABLE PROJECTS 50
FIGURE 22 RENEWABLE ELECTRICITY CAPACITY ADDITION 52
FIGURE 23 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 52
FIGURE 24 AVERAGE PRICE TREND OF BIFACIAL SOLAR, BY REGION, 2023–2029 (USD/WP) 53
FIGURE 25 INDICATIVE PRICE TREND OF BIFACIAL SOLAR, BY CELL TECHNOLOGY, 2023–2029 (USD/WP) 54
FIGURE 26 BIFACIAL SOLAR MARKET: SUPPLY CHAIN ANALYSIS 55
FIGURE 27 ECOSYSTEM MAP 57
FIGURE 28 BIFACIAL SOLAR MARKET: INNOVATIONS AND PATENT REGISTRATIONS,
2013–2023 62
FIGURE 29 EXPORT DATA FOR HS CODE 854143 FOR TOP FIVE COUNTRIES,
2022–2023 (USD THOUSAND) 65
FIGURE 30 IMPORT DATA FOR HS CODE 854143 FOR TOP FIVE COUNTRIES,
2022–2023 (USD THOUSAND) 66
FIGURE 31 EXPORT DATA FOR HS CODE 854142 FOR TOP FIVE COUNTRIES,
2022–2023 (USD THOUSAND) 67
FIGURE 32 IMPORT DATA FOR HS CODE 854142 FOR TOP FIVE COUNTRIES,
2022–2023 (USD THOUSAND) 68
FIGURE 33 BIFACIAL SOLAR MARKET: PORTER’S FIVE FORCES ANALYSIS 73
FIGURE 34 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY TYPE 75
FIGURE 35 KEY BUYING CRITERIA FOR BIFACIAL SOLAR 75
FIGURE 36 INVESTMENT AND FUNDING SCENARIO (USD MILLION) 76
FIGURE 37 BIFACIAL SOLAR MARKET, BY FRAME TYPE (2023) 87
FIGURE 38 BIFACIAL SOLAR MARKET, BY CELL TECHNOLOGY (2023) 92
FIGURE 39 BIFACIAL SOLAR MARKET, BY APPLICATION (2023) 99
FIGURE 40 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN BIFACIAL SOLAR MARKET
DURING FORECAST PERIOD 105
FIGURE 41 BIFACIAL SOLAR MARKET SHARE, BY REGION (2023) 106
FIGURE 42 ASIA PACIFIC: BIFACIAL SOLAR MARKET SNAPSHOT 108
FIGURE 43 NORTH AMERICA: BIFACIAL SOLAR MARKET SNAPSHOT 118
FIGURE 44 BIFACIAL SOLAR MARKET SHARE ANALYSIS, 2023 142
FIGURE 45 BIFACIAL SOLAR MARKET: SEGMENTAL REVENUE ANALYSIS, 2019–2023 145
FIGURE 46 BIFACIAL SOLAR MARKET: COMPANY VALUATION, 2024 145
FIGURE 47 BIFACIAL SOLAR MARKET: FINANCIAL METRICS, 2024 146
FIGURE 48 BIFACIAL SOLAR MARKET: COMPARATIVE ANALYSIS OF BRAND/PRODUCT 146
FIGURE 49 BIFACIAL SOLAR MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 148
FIGURE 50 BIFACIAL SOLAR MARKET: PRODUCT FOOTPRINT, 2023 149
FIGURE 51 BIFACIAL SOLAR MARKET: MARKET FOOTPRINT, 2023 150
FIGURE 52 BIFACIAL SOLAR MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2023 158
FIGURE 53 LONGI: COMPANY SNAPSHOT 177
FIGURE 54 CANDIAN SOLAR: COMPANY SNAPSHOT 197
FIGURE 55 TRINASOLAR: COMPANY SNAPSHOT 208
FIGURE 56 SHARP CORPORATION: COMPANY SNAPSHOT 223
FIGURE 57 JA SOLAR TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT 233
FIGURE 58 JINKO SOLAR: COMPANY SNAPSHOT 241
FIGURE 59 ADANI GROUP: COMPANY SNAPSHOT 253
FIGURE 60 FIRST SOLAR: COMPANY SNAPSHOT 258
FIGURE 61 SOLAR EDGE: COMPANY SNAPSHOT 297
