2026 Global: Bifacial Solar Market -Competitive Review (2032) report
Description
The 2026 Global: Bifacial Solar Market -Competitive Review (2031) report features the global market size and projected growth/decline data for the period 2021 through 2032. The report primarily provides an examination of the business strategies for the ten largest global companies in the market and how their strategies differ.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for bifacial solar market by geography and historical trend. The scope of the report extends to sizing of the bifacial solar market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
LONGi, JinkoSolar, Trina Solar, JA Solar, Canadian Solar, Q CELLS, First Solar, Hanwha Q CELLS, Risen Energy, and SunPower are among the ten major companies dominating the bifacial solar market, each offering bifacial modules or bifacial-capable product lines that target utility-scale, commercial, and increasingly residential applications. LONGi has pushed high-efficiency monocrystalline bifacial modules (Hi-MO series) leveraging large-scale manufacturing and PERC/TOPCon developments to boost rear-side yields and reduce levelized cost of energy. JinkoSolar’s Tiger and Tiger Neo bifacial variants pair large-format cells and N-type TOPCon technology to deliver high wattage and module efficiencies that are popular at utility scale. Trina Solar fields Vertex and Duomax bifacial designs with dual-glass and half-cell layouts, emphasizing high-power 210 mm platforms and project-level system integration for enhanced bifacial energy gain.
Canadian Solar, JA Solar, and Risen Energy deploy bifacial modules that blend double-glass construction, mono PERC and TOPCon cells, and optimized frame and glass choices to increase durability and backside irradiance capture in diverse site conditions. Canadian Solar’s BiHiKu/BiKu bifacial families are marketed for increased rear-side yield and robust field performance across ground-mount and agrivoltaic installations. JA Solar and Risen emphasize high-watt, half-cut and large-format bifacial modules that scale well for utility deployments while maintaining competitive manufacturing footprints and global distribution networks. SunPower and First Solar represent complementary approaches within the bifacial space: SunPower’s high-efficiency back-contact and premium residential offerings translate into bifacial-capable solutions for niche markets, while First Solar’s thin‑film technology, though monofacial historically, is influential in utility-scale design choices and hybrid project architectures that consider bifacial gains where applicable.
Hanwha Q CELLS and several emerging Chinese manufacturers (including Tongwei, TCL Zhonghuan and others now producing N‑type/TOPCon and bifacial modules) round out the market leadership by combining vertically integrated supply chains, aggressive R&D, and global sales footprints to lower costs and expand bifacial adoption. Q CELLS positions bifacial Q.Peak and commercial-scale Duo series toward durable, warranty-backed solutions for both C&I and utility markets, while Tongwei and TCL Zhonghuan leverage upstream polysilicon and wafer capacity to push large-volume bifacial module production and competitive pricing. Collectively these ten firms shape module form factors, cell technologies (PERC, N-type TOPCon, back-contact), and mounting/installation practices that determine real-world bifacial energy gains, with ongoing product iterations focused on higher module efficiencies, larger formats, and reliability improvements that support broader deployment of bifacial systems across climates and project types.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for bifacial solar market by geography and historical trend. The scope of the report extends to sizing of the bifacial solar market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
LONGi, JinkoSolar, Trina Solar, JA Solar, Canadian Solar, Q CELLS, First Solar, Hanwha Q CELLS, Risen Energy, and SunPower are among the ten major companies dominating the bifacial solar market, each offering bifacial modules or bifacial-capable product lines that target utility-scale, commercial, and increasingly residential applications. LONGi has pushed high-efficiency monocrystalline bifacial modules (Hi-MO series) leveraging large-scale manufacturing and PERC/TOPCon developments to boost rear-side yields and reduce levelized cost of energy. JinkoSolar’s Tiger and Tiger Neo bifacial variants pair large-format cells and N-type TOPCon technology to deliver high wattage and module efficiencies that are popular at utility scale. Trina Solar fields Vertex and Duomax bifacial designs with dual-glass and half-cell layouts, emphasizing high-power 210 mm platforms and project-level system integration for enhanced bifacial energy gain.
Canadian Solar, JA Solar, and Risen Energy deploy bifacial modules that blend double-glass construction, mono PERC and TOPCon cells, and optimized frame and glass choices to increase durability and backside irradiance capture in diverse site conditions. Canadian Solar’s BiHiKu/BiKu bifacial families are marketed for increased rear-side yield and robust field performance across ground-mount and agrivoltaic installations. JA Solar and Risen emphasize high-watt, half-cut and large-format bifacial modules that scale well for utility deployments while maintaining competitive manufacturing footprints and global distribution networks. SunPower and First Solar represent complementary approaches within the bifacial space: SunPower’s high-efficiency back-contact and premium residential offerings translate into bifacial-capable solutions for niche markets, while First Solar’s thin‑film technology, though monofacial historically, is influential in utility-scale design choices and hybrid project architectures that consider bifacial gains where applicable.
Hanwha Q CELLS and several emerging Chinese manufacturers (including Tongwei, TCL Zhonghuan and others now producing N‑type/TOPCon and bifacial modules) round out the market leadership by combining vertically integrated supply chains, aggressive R&D, and global sales footprints to lower costs and expand bifacial adoption. Q CELLS positions bifacial Q.Peak and commercial-scale Duo series toward durable, warranty-backed solutions for both C&I and utility markets, while Tongwei and TCL Zhonghuan leverage upstream polysilicon and wafer capacity to push large-volume bifacial module production and competitive pricing. Collectively these ten firms shape module form factors, cell technologies (PERC, N-type TOPCon, back-contact), and mounting/installation practices that determine real-world bifacial energy gains, with ongoing product iterations focused on higher module efficiencies, larger formats, and reliability improvements that support broader deployment of bifacial systems across climates and project types.
Table of Contents
32 Pages
- 1.0 Scope of Report and Methodology
- 2.0 Market SWOT Analysis and Players
- 2.1 Market Definition
- 2.2 Market Segments
- 2.3 Market Strengths
- 2.4 Market Weaknesses
- 2.5 Market Threats
- 2.6 Market Opportunities
- 2.7 Major Players
- 3.0 Competitive Analysis
- 3.1 Market Player 1
- 3.2 Market Player 2
- 3.3 Market Player 3
- 3.4 Market Player 4
- 3.5 Market Player 5
- 3.6 Market Player 6
- 3.7 Market Player 7
- 3.8 Market Player 8
- 3.9 Market Player 9
- 3.10 Market Player 10
- 4.0 Comparative Business Strategies
- 4.1 Comparative Business Strategies of Player 1 and 2
- 4.2 Comparative Business Strategies of Player 1 and 3
- 4.3 Comparative Business Strategies of Player 1 and 4
- 4.4 Comparative Business Strategies of Player 2 and 3
- 4.5 Comparative Business Strategies of Player 2 and 4
- 4.6 Comparative Business Strategies of Player 3 and 4
- 5.0 Appendix
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
