Research Nester published a report titled “Bifacial Solar Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global bifacial solar market in terms of market segmentation by type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.
The global bifacial solar market is anticipated to attain ~15% CAGR over the forecast period, i.e., 2022-2030. The market is segmented on the basis of end-user into residential, industrial, commercial, and others, out of which, the commercial segment is anticipated to hold the notable share over the forecast period on account of higher capacity of bifacials to generate power, which is advantageous for the commercial sector, where greater amount of energy is required. Moreover, increasing investment in renewable energy sources by government and private-sector companies, is estimated to boost the market growth.
The global bifacial solar market is foreseen to grow on the back of increasing adoption of solar energy, backed by higher awareness regarding energy conservation. The governments across the globe are intending to promote solar energy, as prices of fossil fuels fluctuate from time to time, pollution and global warming at increasing at alarming rate, and the demand for power is rising. The growth in the solar energy generation is projected to boost the market growth. According to the data by the International Energy Agency (IEA), solar power generation has increased by 22% in 2019. The growing investment in this direction is further anticipated to boost the market growth.
On the basis of geographical analysis, the global bifacial solar market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to garner the largest share over the forecast period owing to the growing solar energy industry in the APAC region, backed by the abundance of sunlight all around year. Moreover, growing government investment in renewable energy sources, in countries such as China, India, Japan, and Thailand, is further expected to boost the market growth.
Access our detailed report at:
https://www.researchnester.com/reports/bifacial-solar-market/3690
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Adoption of Solar Energy to Fuel the Market Growth
Bifacial solar panels can generate greater amount of solar energy, as they receive sunlight from both the faces. This is one of the major growth drivers for the market. The growing adoption of solar energy is projected to boost the demand for bifacial solar.
However, lack of proper infrastructure, and high competition from monofacial solar expected to operate as key restraint to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global bifacial solar market which includes company profiling of Trina Solar Co., Ltd, First Solar, Inc., TATA Power Solar Systems Limited, JA Solar Technology Co., Ltd., ISOVOLTAIC AG, Canadian Solar Inc, S.A., Shanghai Aiko Solar Energy Co., Ltd.UAB Soli Tek Cells, and Yingli Solar. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global bifacial solar market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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