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Emerging Innovations and Future Growth Opportunities in Bifacial Solar Cells
Emerging Innovations and Future Growth Opportunities in Bifacial Solar Cells
Maximizes Solar Energy Potential in Low-light Environments
12-Jan-2024
Global
Description
Solar energy constituted 65% of the total 295 GW installed renewable capacity in 2022. About 70% of the deployed solar panels were monofacial panels that generate electricity from only the top side of the panel. Despite their popularity, these monofacial panels have encountered challenges related to space efficiency, energy yield, and dependence on direct sunlight.
Through its dual-side energy production feature, bifacial solar technology offers solutions to these challenges and significant improvements over traditional monofacial panels. As a result, bifacial solar panels will likely dominate the market by 2030. The compatibility of this technology with advanced solar technologies such as passivated emitter and rear contact (PERC), passivated emitter rear totally diffused cells (PERT), heterojunction technology (HJT), and tunnel oxide passivated contact (TOPCon) also indicate their future value. Their aesthetic appearance also enables the integration of efficient solar panels in diverse structural applications like building-integrated photovoltaics (BIPV) and agrivoltaics.
In this study, Frost & Sullivan offers a comparative analysis of various bifacial solar cells, their strengths and limitations, and cost analysis. The study also includes the advantages of bifacial over monofacial solar technology. We explore the latest trends, technological breakthroughs, and the patent landscape shaping this industry, providing insights into the market's driving forces, challenges, and potential growth areas. In addition, the study discusses leading global players steering the bifacial solar technology industry.
Table of Contents
Why Is It Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Bifacial Solar Cell Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Methodology
Scope of Analysis
Segmentation
Growth Drivers
Growth Restraints
Introduction to Bifacial Solar Panels
The Impact of Bifacial Design Parameters
Advanced Bifacial Modules
Advanced Bifacial Modules (continued)
A Comparison of Advanced Bifacial Modules
Cost Analysis for Advanced Bifacial Solar Cells
Comparison of Popular Monofacial and Bifacial Solar Panels
Large-scale Manufacturing and Distribution of High Efficiency HPDC Bifacial Modules—LONGi, China
Busbar-less Aesthetic Bifacial Solar Panels for BIPV—LG Electronics Inc., South Korea
Dominant Players in the Bifacial Solar Sector
The United States Leads in the Patent Landscape
Developed and Developing Markets Deploy Bifacial Technology at a Large Scale
Growth Opportunity 1: Enhanced Solar Energy Generation Efficiency in Temperate Regions Through Bifacial Solar
Growth Opportunity 1: Enhanced Solar Energy Generation Efficiency in Temperate Regions Through Bifacial Solar (continued)
Growth Opportunity 2: The Utilization of Bifacial in Perovskite-based Tandem Cells Offers High Solar Efficiencies in Third-generation Solar Power
Growth Opportunity 2: The Utilization of Bifacial in Perovskite-based Tandem Cells Offers High Solar Efficiencies in Third-generation Solar Power (continued)
Growth Opportunity 3: Bifacial Solar Panels Enable Innovative Applications in Infrastructure-integrated Power Generation
Growth Opportunity 3: Bifacial Solar Panels Enable Innovative Applications in Infrastructure-integrated Power Generation (continued)
Technology Readiness Levels (TRL): Explanation
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| Author | Rithima Warrier |
|---|---|
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Renewable Energy Trends |
| Keyword 2 | Bifacial Solar Cell Technology Trends |
| Keyword 3 | Solar Cell Industry Insights |
| Podcast | No |
| WIP Number | DAE3-01-00-00-00 |