Bifacial Solar Panel
Market: Overview
Solar energy has become one of the major sources of energy.
Solar photovoltaic (PV) is an important source of renewable energy in the
world. The cost of photovoltaic module has dropped significantly since the last
few years. Governments are providing subsidies and encouraging the
implementation of solar energy on a large scale. The current levelized cost of
electricity (LCOE) of large-scale photovoltaic is lower than that of fossil
fuel in some cases. New technological innovations, such as bifacial solar
panel, can further reduce the levelized cost of electricity.
Bifacial Solar Panel
Market: Trends
Bifacial solar panel absorbs light from the rear and front
sides, allowing it to better use albedo light and diffused light. Albedo light
is the part of light that hits a surface and reflects without being
absorbed. The scattered light that comes from any direction is known as
diffused light. Increase in efficiency up to 30% is predicted, depending on
aspects such as height above ground, tilt angle, and reflectivity of the ground
surface. Bifacial solar panel can absorb direct radiations from the sun,
indirect diffused radiation caused by air particles or clouds, and also from
the reflected radiation from surfaces close to the solar module. Furthermore,
the glass-to-glass structure of bifacial module enhances long term durability vis-à-vis
traditional glass-to-backsheet monofacial module. Various current thin-film
photovoltaic technologies such as CIGS and dye-sensitized can be easily
converted into bifacial solar panels.
Bifacial solar panel consists of bifacial solar cells and rear
cover glass. The photon that does not get absorbed in the front layer can be
absorbed when rebound from any adjacent surface. This increases the efficiency
of the cell. The dual glass mounting provides various advantages such as
reduction in delamination, micro cracking, and moisture corrosion. They have
low degradation rate & cell temperature also have, high flameproof rating,
mechanical strength and less flexing.
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Bifacial Solar Panel
Market: Key Segmentations
The global
bifacial solar panel market can be segmented based on type, cell, and
region. Based on cell, the bifacial solar panel market can be bifurcated into
heterojunction cell and passivated emitter rear cell. Passivated emitter rear
cell is available in poly and monocrystalline silicon versions, while
heterojunction cells use monocrystalline silicon. In terms of type, the
bifacial solar panel market can be divided into framed bifacial module and
frameless bifacial module. Framed bifacial module is easy to install than the
frameless module.
Bifacial Solar Panel
Market: Regional Outlook
Based on region, the global bifacial solar panel market can be
classified into North America, Europe, Latin America, Middle East & Africa,
and Asia Pacific. Asia Pacific is projected to lead the global bifacial solar panel
market during the forecast period, followed by North America and Europe. The
bifacial solar panel market in Asia Pacific is likely to expand at a rapid pace
during the forecast period, as countries such as Japan, China, and India are
investing significantly in the field of solar energy. These countries also
possess the largest installed base of solar panels in the world. Latin America
and Middle East & Africa are anticipated to account for moderate shares of
the global bifacial solar panel market by the end of the forecast period.
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Bifacial Solar Panel
Market: Key Players
Key players operating in the global bifacial solar panel market
include bSolar, LG Electronics, MegaCell, Neo Solar Power, Panasonic, Prism
Solar, PVG Solutions, SolarWorld, Yingli Green Energy, LONGi, Lumos
Solar, Silfab, Sunpreme, and Trina Solar.
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