The Bifacial Solar Panel Market was valued at USD 7.13 billion in 2024, expected to reach USD 17.30 billion by 2032 with a CAGR of 11.75%. The U.S. IoT in Retail Market was valued at USD 15.15 billion in 2024, projected to reach USD 89.37 billion by 2032, growing at a CAGR of 24.83%. Key players in the market include LONGi Solar, Trina Solar, and JinkoSolar.

The growth of the bifurcated solar panel market is driven by the need for clean and renewable energy as nations strive for decarbonization and carbon-neutral goals. In the U.S., market growth is attributed to increased utility-scale project adoption, federal incentives, and improved energy efficiency. Monocrystalline technology led the market in 2024, while thin-film is the fastest-growing segment.

In 2024, the Bifacial Solar Panel Market for Monocrystalline segment led due to higher efficiency and durability, while the Thin-film segment is expected to grow rapidly from 2025 to 2032. The Residential segment dominated the market in 2024, with the Commercial segment projected to grow fastest from 2025 to 2032.

The Bifacial Solar Panel Market is segmented by cell structure, with the Half-cut segment leading in 2024 due to higher efficiency and durability. The Shingled segment is expected to show the highest growth from 2025 to 2032. Regional insights show that North America and Asia Pacific are key markets for bifacial solar panels.

Recent developments in the market include LONGi’s Ice-Shield bifacial module and Trina Solar’s perovskite-silicon tandem solar module prototype. SNS Insider offers full research reports on the Bifacial Solar Panel Market for in-depth analysis and insights.

Read more at GlobeNewswire: Bifacial Solar Panel Market to Surpass USD 17.30 Billion by