Bifacial Solar Market - Global Opportunity Analysis and Industry Forecast (2024-2031)
Meticulous Research ® —a leading global market research company, published a research report titled, ‘Bifacial Solar Market by Type (Glass-glass Bifacial Solar Panels, Backsheet Bifacial Solar Panels), Cell Type, End User (Commercial, Industrial, Residential, Power Plants), and Geography - Global Forecast to 2031. ’ According to this latest publication from Meticulous Research ® , the bifacial solar market is projected to reach $28.4 billion by 2031 , at a CAGR of 13.7% from 2024 to 2031. The growth of the bifacial solar market is driven by the increasing adoption of bifacial solar panels in the commercial and industrial sectors, the increasing demand for solar-based electricity, and rising investments in green energy resources. However, the high initial investment requirements and cost of manufacturing restrain the growth of the bifacial solar market. Furthermore, the increasing number of bifacial solar installations, favorable government policies and incentiv...