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US Bifacial Solar Market

ID: MRFR/EnP/14174-HCR
100 Pages
Garvit Vyas
October 2025

US Bifacial Solar Market Research Report By Application (Utility Scale, Commercial, Residential, Agricultural), By Technology (Solar Photovoltaic Modules, Tracking Systems, Inverters), By Material Type (Silicon, Cadmium Telluride, Copper Indium Gallium Selenide, Organic Photovoltaics) and By Installation Type (Ground Mounted, Rooftop, Building Integrated) - Forecast to 2035

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US Bifacial Solar Market Summary

As per Market Research Future analysis, the US bifacial solar market size was estimated at 1123.19 USD Million in 2024. The US bifacial solar market is projected to grow from 1307.95 USD Million in 2025 to 6000.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 16.4% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The US bifacial solar market is experiencing robust growth driven by technological advancements and increasing demand for renewable energy.

  • Technological advancements in bifacial solar panels are enhancing energy efficiency and performance.
  • Government incentives are playing a crucial role in promoting the adoption of bifacial solar technology.
  • The utility segment remains the largest in the US bifacial solar market, while the commercial segment is the fastest-growing.
  • Enhanced energy efficiency and favorable regulatory frameworks are key drivers propelling market growth.

Market Size & Forecast

2024 Market Size 1123.19 (USD Million)
2035 Market Size 6000.0 (USD Million)
CAGR (2025 - 2035) 16.45%

Major Players

LONGi Green Energy Technology Co. (CN), JA Solar Technology Co. (CN), Trina Solar Limited (CN), Canadian Solar Inc. (CA), First Solar Inc. (US), JinkoSolar Holding Co. (CN), Hanwha Q CELLS (KR), Risen Energy Co. (CN), GCL-Poly Energy Holdings Limited (CN)

US Bifacial Solar Market Trends

The bifacial solar market is experiencing notable growth, driven by advancements in technology and increasing demand for renewable energy solutions. Bifacial solar panels, which capture sunlight from both sides, offer enhanced efficiency compared to traditional panels. This dual-sided capability allows for greater energy generation, particularly in areas with reflective surfaces. As the focus on sustainability intensifies, stakeholders are increasingly investing in this innovative technology, which appears to provide a viable path toward achieving energy independence and reducing carbon footprints. In addition, supportive government policies and incentives are fostering a favorable environment for the bifacial solar market. Initiatives aimed at promoting clean energy adoption are likely to encourage further investments in solar infrastructure. The integration of bifacial technology into existing solar projects may also enhance overall system performance, making it an attractive option for both residential and commercial applications. As the market evolves, it seems poised to play a crucial role in the transition to a more sustainable energy landscape.

Technological Advancements

Recent innovations in bifacial solar technology are enhancing efficiency and performance. Improved materials and designs are enabling higher energy capture rates, which may lead to increased adoption across various sectors.

Government Incentives

Supportive policies and financial incentives from government entities are promoting the adoption of bifacial solar solutions. These initiatives are likely to stimulate investment and drive market growth.

Increased Demand for Renewable Energy

The growing emphasis on sustainability and clean energy is fueling interest in bifacial solar technology. As consumers and businesses seek greener alternatives, the market is expected to expand significantly.

US Bifacial Solar Market Drivers

Enhanced Energy Efficiency

The bifacial solar market is experiencing a notable shift towards enhanced energy efficiency, driven by the technology's ability to capture sunlight from both sides of the panel. This dual-sided functionality can increase energy generation by up to 30% compared to traditional monofacial panels. As energy efficiency becomes a critical factor in solar installations, the bifacial solar market is likely to see increased adoption among commercial and utility-scale projects. The growing emphasis on reducing the levelized cost of electricity (LCOE) further supports this trend, as operators seek to maximize output while minimizing costs. Consequently, the bifacial solar market is positioned to benefit from this heightened focus on efficiency, potentially leading to a more competitive landscape in the renewable energy sector.

Favorable Regulatory Frameworks

The bifacial solar market is significantly influenced by favorable regulatory frameworks that promote renewable energy adoption. Various state-level policies and incentives, such as renewable portfolio standards (RPS) and tax credits, are designed to encourage the deployment of solar technologies. For instance, the Investment Tax Credit (ITC) allows for a 26% tax credit on solar investments, which can be particularly advantageous for bifacial solar projects. These supportive regulations not only enhance the financial viability of bifacial solar installations but also stimulate market growth. As more states implement policies aimed at reducing greenhouse gas emissions, the bifacial solar market is likely to see an uptick in project approvals and installations, further solidifying its role in the energy transition.

Rising Demand for Energy Storage Solutions

The bifacial solar market is increasingly intertwined with the rising demand for energy storage solutions. As solar energy generation becomes more prevalent, the need for effective storage systems to manage intermittent supply is critical. Bifacial solar installations, with their enhanced energy output, can play a vital role in charging energy storage systems, thereby ensuring a reliable energy supply. The growth of battery storage technologies, such as lithium-ion batteries, complements the bifacial solar market by providing a means to store excess energy generated during peak sunlight hours. This synergy between solar generation and energy storage is likely to drive further investments in bifacial solar projects, as stakeholders seek to create a more resilient and sustainable energy infrastructure.

Technological Innovations in Solar Tracking

Technological innovations in solar tracking systems are playing a pivotal role in the bifacial solar market. Advanced tracking technologies allow bifacial panels to follow the sun's trajectory, maximizing exposure to sunlight throughout the day. This capability can enhance energy production by an additional 20-40%, making bifacial solar installations even more attractive to investors and developers. As the market for solar tracking systems continues to evolve, the bifacial solar market is expected to benefit from increased efficiency and reduced costs. The integration of smart technologies and data analytics into tracking systems may further optimize performance, leading to a more robust and competitive market landscape.

Growing Corporate Sustainability Initiatives

The bifacial solar market is benefiting from the increasing number of corporations committing to sustainability initiatives. Many companies are setting ambitious renewable energy targets, aiming for 100% renewable energy usage in their operations. This trend is particularly evident in sectors such as technology and manufacturing, where firms are investing in solar energy to reduce their carbon footprints. The bifacial solar market stands to gain as these corporations seek efficient and effective solar solutions. With the potential for higher energy yields, bifacial solar installations are becoming an attractive option for businesses looking to meet their sustainability goals while also achieving cost savings. This alignment of corporate responsibility with renewable energy adoption is likely to drive further growth in the bifacial solar market.

Market Segment Insights

By Application: Utility Scale (Largest) vs. Commercial (Fastest-Growing)

In the US bifacial solar market, the application segment is dominated by utility-scale installations. This segment captures a significant share of the market, attributed to the increasing demand for renewable energy sources and large-scale solar projects by utility companies. Conversely, commercial applications are witnessing rapid growth, driven by businesses seeking sustainable energy solutions and reducing operational costs through solar adoption. The commercial segment's growth is propelled by various factors, including government incentives for businesses to install solar systems, falling installation costs, and a shift toward environmentally-friendly practices. Additionally, the rise in corporate social responsibility initiatives plays a critical role in boosting the adoption of solar energy among commercial entities, thereby making it the fastest-growing segment in terms of deployment and investment.

Utility Scale: Dominant vs. Commercial: Emerging

Utility scale applications represent the backbone of the US bifacial solar market, characterized by vast solar farms that significantly contribute to the grid's energy supply. This segment is supported by significant investments and government policies favoring large-scale renewable energy production. On the other hand, the commercial segment, while emerging, is gaining substantial traction among businesses large and small, thanks to its ability to generate savings on energy costs and meet sustainability goals. The bifacial technology is particularly advantageous here, as it enhances efficiency by utilizing reflected sunlight, leading to increased power generation within smaller land areas. As businesses increasingly turn to solar solutions, this segment shows considerable growth potential.

By Technology: Solar Photovoltaic Modules (Largest) vs. Inverters (Fastest-Growing)

In the US bifacial solar market, the distribution of market share among the technology segment values reveals that solar photovoltaic modules constitute the largest portion, driven by their essential role in energy conversion. Tracking systems are also significant but occupy a smaller share, providing critical support for maximizing energy capture throughout the day. Inverters follow closely, representing a vital component in solar systems that facilitate the conversion of direct current to alternating current.

Technology: Solar Photovoltaic Modules (Dominant) vs. Inverters (Emerging)

Solar photovoltaic modules dominate the technology segment, favored for their efficiency and reliability in converting sunlight into electricity. In the competitive landscape, these modules face pressure to innovate, focusing on increasing efficiency and reducing costs. In contrast, inverters are emerging as a rapidly growing segment, driven by advancements in technology such as smart inverters that enhance grid management and storage solutions. The demand for more compatible and efficient inverters is on the rise, fueled by increased installations of solar systems across various residential and commercial sectors.

By Material Type: Silicon (Largest) vs. Cadmium Telluride (Fastest-Growing)

In the material type segment of the US bifacial solar market, Silicon dominates the market share, accounting for the largest proportion of installations due to its established technology and efficiency. In contrast, Cadmium Telluride is rapidly gaining traction, presenting a compelling alternative with its lower manufacturing costs and significant advancements in efficiency. The growth trends observed within this segment are driven by increasing demand for high-efficiency solar panels and the push for renewable energy sources. Silicon continues to benefit from economies of scale, while Cadmium Telluride's emergence is fueled by innovations in production techniques and government incentives for solar adoption. This combination of factors contributes to a dynamic landscape within the material types utilized in bifacial solar technology.

Silicon (Dominant) vs. Cadmium Telluride (Emerging)

Silicon remains the dominant material in the US bifacial solar market, celebrated for its efficiency and reliability, making it the go-to choice for many large-scale solar projects. Its robust performance and availability contribute to its strong market presence. Conversely, Cadmium Telluride is an emerging player, characterized by its cost-effectiveness and lower environmental impact compared to traditional options. Its growing adoption can be attributed to technological advancements that enhance panel efficiency, making it an attractive choice for both consumers and manufacturers looking to meet sustainable energy goals. The competition between these materials reflects a broader trend towards diversifying solar technology solutions in an evolving energy landscape.

By Installation Type: Ground Mounted (Largest) vs. Rooftop (Fastest-Growing)

In the US bifacial solar market, the installation type segment shows a distinct distribution of market share among ground mounted, rooftop, and building integrated installations. Ground mounted systems dominate the market due to their scalability and higher energy generation efficiency compared to other types. Rooftop installations, while currently smaller in market share, are rapidly gaining traction, driven by the increasing adoption of solar technology in urban areas where space is limited. Building Integrated installations also play a role but account for a lesser portion of the overall market share. The growth trends in the installation type segment are influenced by several factors, including advancements in technology, cost reductions, and increased awareness of renewable energy benefits. Rooftop installations are particularly benefiting from incentives and rebates that encourage homeowners and businesses to adopt solar solutions. Furthermore, as the construction industry increasingly incorporates sustainability into building practices, building integrated solutions are also anticipated to see growth. Overall, the ground mounted segment remains the powerhouse, but the rooftop segment presents a dynamic shift in consumer preferences towards more localized energy generation.

Ground Mounted (Dominant) vs. Rooftop (Emerging)

Ground mounted installations represent the dominant segment in the US bifacial solar market, largely attributed to their higher capacity for energy generation and efficiency. These systems are typically installed in open land and can accommodate large solar arrays, making them ideal for utility-scale projects. Conversely, rooftop installations are emerging as a significant player in the market, particularly as urbanization increases and land availability decreases. They leverage existing structures, which minimizes additional land use and capitalizes on available space. Rooftop systems are often installed on residential and commercial buildings, enabling users to generate solar power on-site. Both segments have their unique advantages and challenges, shaping the competitive landscape of the market.

Get more detailed insights about US Bifacial Solar Market

Key Players and Competitive Insights

The bifacial solar market is currently characterized by a dynamic competitive landscape, driven by technological advancements and increasing demand for renewable energy solutions. Key players such as LONGi Green Energy Technology Co. (CN), JA Solar Technology Co. (CN), and First Solar Inc. (US) are strategically positioning themselves through innovation and regional expansion. LONGi Green Energy, for instance, focuses on enhancing its bifacial module efficiency, which appears to be a critical factor in maintaining its market leadership. Meanwhile, JA Solar Technology is actively pursuing partnerships to bolster its supply chain resilience, thereby enhancing its operational capabilities. Collectively, these strategies indicate a trend towards heightened competition, where technological prowess and strategic collaborations are paramount.

In terms of business tactics, companies are increasingly localizing manufacturing to mitigate supply chain disruptions and optimize logistics. The market structure is moderately fragmented, with several players vying for market share, yet the influence of major companies remains substantial. This competitive environment fosters innovation, as firms strive to differentiate their offerings through advanced technologies and improved product performance.

In October 2025, First Solar Inc. (US) announced a significant investment in a new manufacturing facility in Ohio, aimed at increasing its production capacity for bifacial solar modules. This strategic move is likely to enhance First Solar's ability to meet the growing demand for renewable energy solutions in the U.S. market, while also creating local jobs and contributing to regional economic development. The investment underscores the company's commitment to sustainability and its proactive approach to scaling operations in response to market needs.

In September 2025, JA Solar Technology Co. (CN) entered into a strategic partnership with a leading U.S. energy provider to co-develop large-scale solar projects utilizing bifacial technology. This collaboration is expected to leverage JA Solar's advanced module technology and the energy provider's extensive market reach, potentially accelerating the deployment of solar energy solutions across the U.S. The partnership reflects a broader trend of companies seeking synergies to enhance their competitive positioning in the rapidly evolving solar landscape.

In November 2025, LONGi Green Energy Technology Co. (CN) launched a new line of bifacial solar modules designed specifically for utility-scale applications. This product introduction is anticipated to strengthen LONGi's market presence and cater to the increasing demand for high-efficiency solar solutions. The launch signifies the company's ongoing commitment to innovation and its strategic focus on meeting the diverse needs of its customer base.

As of November 2025, the competitive trends in the bifacial solar market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence in manufacturing processes. Strategic alliances are playing a crucial role in shaping the current landscape, enabling companies to pool resources and expertise. Looking ahead, it is likely that competitive differentiation will evolve, with a shift from price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This transition may redefine how companies position themselves in the market, emphasizing the importance of sustainable practices and cutting-edge technology.

Key Companies in the US Bifacial Solar Market market include

Industry Developments

The US Bifacial Solar Market has seen significant developments recently, with a continued push for renewable energy solutions. For instance, in September 2023, Enphase Energy announced advancements in its energy management technology to enhance bifacial panel efficiency, promoting sustainability. In August 2023, JinkoSolar unveiled a new line of bifacial solar modules, expected to boost their market presence in the US. Investment trends show that companies like First Solar and Canadian Solar are ramping up production capacities, indicating positive momentum in market valuation.

There have also been reports regarding recent acquisitions; in July 2023, Seraphim Solar announced a strategic partnership with a US-based energy firm to expand its footprint. The growth prospects for the market are also bolstered by government incentives aimed at promoting solar technology usage, aligning with the Biden administration's goal for a carbon-free power sector by 2035. Furthermore, major players like Trina Solar and Hanwha Q CELLS are investing heavily in Research and Development to enhance bifacial technology, indicating a robust trajectory for future innovations.

Overall, the US Bifacial Solar Market is pacing towards accelerating adoption driven by improvements in technology and supportive regulatory frameworks.

Future Outlook

US Bifacial Solar Market Future Outlook

The Bifacial Solar Market is projected to grow at a 16.45% CAGR from 2024 to 2035, driven by technological advancements, increasing demand for renewable energy, and supportive government policies.

New opportunities lie in:

  • Development of integrated energy storage solutions for bifacial systems.
  • Expansion into emerging markets with tailored financing options.
  • Partnerships with utility companies for large-scale bifacial installations.

By 2035, the bifacial solar market is expected to achieve substantial growth and market penetration.

Market Segmentation

US Bifacial Solar Market Technology Outlook

  • Solar Photovoltaic Modules
  • Tracking Systems
  • Inverters

US Bifacial Solar Market Application Outlook

  • Utility Scale
  • Commercial
  • Residential
  • Agricultural

US Bifacial Solar Market Material Type Outlook

  • Silicon
  • Cadmium Telluride
  • Copper Indium Gallium Selenide
  • Organic Photovoltaics

US Bifacial Solar Market Installation Type Outlook

  • Ground Mounted
  • Rooftop
  • Building Integrated

Report Scope

MARKET SIZE 2024 1123.19(USD Million)
MARKET SIZE 2025 1307.95(USD Million)
MARKET SIZE 2035 6000.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 16.45% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled LONGi Green Energy Technology Co. (CN), JA Solar Technology Co. (CN), Trina Solar Limited (CN), Canadian Solar Inc. (CA), First Solar Inc. (US), JinkoSolar Holding Co. (CN), Hanwha Q CELLS (KR), Risen Energy Co. (CN), GCL-Poly Energy Holdings Limited (CN)
Segments Covered Application, Technology, Material Type, Installation Type
Key Market Opportunities Growing demand for renewable energy solutions drives innovation in the bifacial solar market.
Key Market Dynamics Rising demand for renewable energy drives innovation and competition in the bifacial solar market.
Countries Covered US

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FAQs

What is the projected market size of the US Bifacial Solar Market by 2035?

The US Bifacial Solar Market is projected to reach a valuation of 1640.0 million USD by 2035.

What is the expected CAGR for the US Bifacial Solar Market from 2025 to 2035?

The expected CAGR for the US Bifacial Solar Market from 2025 to 2035 is 13.948%.

Which application segment is forecasted to have the largest market share by 2035?

The Utility Scale application segment is forecasted to have the largest market share, valued at 676.0 million USD by 2035.

How much is the Residential application segment expected to be valued in 2035?

The Residential application segment is expected to be valued at 325.0 million USD by 2035.

What is the market size of the Commercial application segment in 2024?

The Commercial application segment is valued at 102.0 million USD in 2024.

Who are the key players in the US Bifacial Solar Market?

Major players in the US Bifacial Solar Market include Enphase Energy, Trina Solar, JinkoSolar, and First Solar.

What will be the market value for the Agricultural application segment by 2035?

The Agricultural application segment is expected to reach a market value of 209.0 million USD by 2035.

What is the anticipated market size for the Utility Scale segment in 2024?

The Utility Scale segment is anticipated to be valued at 156.0 million USD in 2024.

What challenges might the US Bifacial Solar Market face in the coming years?

The market may face challenges such as regulatory changes and supply chain disruptions.

What growth drivers are influencing the US Bifacial Solar Market?

Growth drivers include increasing demand for renewable energy and advancements in solar technology.

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