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May 21, 2020 6:20 AM ET

What are sales, revenue, and price analysis by types and applications of Bifacial Solar Panels Market?

iCrowd Newswire - May 21, 2020

Bifacial Solar Panels Market Size, Share and Global Trend By Type (Monocrystalline Solar Panels, Polycrystalline Solar Panels, Thin-film Solar Panels), By Application (Residential, Commercial) and By Geography Forecast till 2026

The global bifacial solar panels market is likely to gain momentum from a rise in the demand for electricity from industrial and commercial sectors. According to an upcoming report by Fortune Business Insights, titled, “Bifacial Solar Panels“Market Size, Share and Global Trend by Type (Monocrystalline Solar Panels, Polycrystalline Solar Panels, Thin-film Solar Panels), by Application (Residential, Commercial) and by Geography Forecast till 2026,” various small, medium, and big enterprises are coming up with solar modules that are infused with the latest technology. They are aiming to increase the global bifacial solar panels market sales by focusing on design, cost, and efficiency of the solar panels.

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The report classifies the global bifacial solar panels market on the basis of type, application, and geography. In terms of type, the market is segmented into polycrystalline solar panels, monocrystalline solar panels, and thin-film solar panels. Amongst these, the monocrystalline panel offers more energy-efficiency than the other two solar panels. This, combined with the high cost, makes it preferable for usage in commercial projects. Polycrystalline solar panels, on the other hand, are cost-effective and hence, are used more in residential projects.

Top Players

Important Features that are under Offering and Key Highlights of the Market Report:

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Increasing Number of Planned Solar Projects to Favor Growth in Asia Pacific

The global bifacial solar panels market is geographically segmented into Europe, the Middle East and Africa, Asia Pacific, North America, and Latin America. Amongst these areas, North America and Europe are anticipated to lead the bifacial solar panels market. This is because of a rise in the investment by numerous enterprises in solar projects in these regions. They will acquire a notable share of the market in the forthcoming years. In Asia Pacific, countries, such as Indonesia, Australia, and China will have a huge potential to gain the largest market opportunity during the forecast period. This will occur due to the planned solar projects that are likely to begin during the forthcoming years. Asia Pacific will be followed by the Middle East and Africa as well as Latin America.

Market Landscape and Market Scenario Includes:

Key Industry Developments

Suntech Power, LONGi Solar, and Other Key Players to Focus on Strategic Collaboration and Contract Acquirement to Gain Competitive Edge

Suntech Power, a producer of solar panels, headquartered in China, announced that it has signed a strategic cooperation agreement with Jolywood Solar Technology, a prominent producer of PV, bifacial solar cell, solar module, and more, based in Taizhou, in January 2017. The agreement was signed with the aim to bring high-efficiency N-type bifacial in the global market. According to Suntech, there has been a rapid rise in the homogenization of PV market. This has further resulted in the product and technological innovations which are necessary for sustainable development. N-type bifacial solar cells have several advantages, namely, low LID, double side power generation, impressive weak light performance, and high efficiency.

Sunpreme, Inc., solar PV manufacturer, announced that it has completed the commercial rooftop and carport solar system installation at a shopping center in California with the assistance of Tigo Energy, Inc. in January 2019. The system includes Tigo TS4-L (Long Strings) Optimizers integrated with Sunpreme’s award winning GxB380 SM Bifacial PV Panels.

Queries Addressed In Market Report:

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LONGi Solar, a manufacturer of high-efficiency mono-crystalline solar cells and modules, headquartered in China, acquired a contract in February 2019. According to the contract, the company will supply 224MW bifacial PERC modules for the largest solar project that will be built in Mitchell County. The entire project is anticipated to be completed by 2019. It will aid in providing electricity to more than 30,000 households.

Key Market Driver Increasing demand of electricity

Key Market Restraint High installation cost

Key Segmental Overview:

1. By Type

2. By Application

3. By Geography

Key Features of Market Research Report:

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

For more information in the analysis of this report, visit

Major Table of Content ForBifacial Solar PanelsMarket:

  • Introduction
  • Executive Summary
  • Market Dynamics
  • Key Insights
  • Global Bifacial Solar Panels Market Analysis, Insights and Forecast, 2026
  • North America Bifacial Solar Panels Market Analysis, Insights and Forecast, 2026
  • Europe Bifacial Solar Panels Market Analysis, Insights and Forecast, 2026
  • Asia Pacific Bifacial Solar Panels Market Analysis, Insights and Forecast, 2026
  • The Middle East and Africa Bifacial Solar Panels Market Analysis, Insights and Forecast, 2026
  • Latin America Bifacial Solar Panels Market Analysis, Insights and Forecast, 2026
  • Competitive Landscape
  • Company Profile
  • Conclusion
  • An Overview of the Impact of COVID-19 on this Market:

    The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

    We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

    Click here to get the short-term and long-term impact of COVID-19 on this Market.

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