North America Bifacial Mono PERC Double Glass Module Market size was valued at USD 1.2 Billion in 2022 and is projected to reach USD 3.0 Billion by 2030, growing at a CAGR of 12.5% from 2024 to 2030.
The North America bifacial Mono PERC double glass module market is experiencing rapid growth due to its increasing application in various sectors such as ground and floating PV power plants, industrial and commercial rooftops, and residential rooftops. The bifacial modules, known for their ability to capture sunlight from both the front and rear sides, offer enhanced energy generation and higher efficiency compared to traditional monofacial panels. As a result, these modules are being widely adopted across the region, especially in applications where maximizing energy output is a key concern. The key benefit of bifacial modules is their ability to generate more energy from diffuse light, reflected radiation from the ground, and albedo effects, thus making them an ideal solution for large-scale power plants, rooftops, and decentralized installations.The application of bifacial Mono PERC double glass modules in ground and floating PV power plants stands out due to their ability to boost the energy yield by harnessing sunlight reflected off the ground or water. In large-scale solar farms and floating solar installations, the ability to capture both direct and reflected sunlight significantly improves the overall system performance. Ground-mounted bifacial modules benefit from optimized installation angles, while floating solar systems exploit the reflective nature of water bodies to increase energy capture. This technology not only enhances efficiency but also helps reduce the levelized cost of energy (LCOE), making it an attractive choice for power plant operators and utility companies looking to optimize their renewable energy portfolios in North America.
In the context of industrial and commercial rooftop applications, bifacial Mono PERC double glass modules are gaining momentum due to their high efficiency, durability, and cost-effectiveness. The growing demand for on-site renewable energy generation, driven by sustainability goals and government incentives, is pushing businesses to adopt advanced solar technologies. Bifacial modules are particularly advantageous in commercial rooftops where there is sufficient space to install solar systems that benefit from both direct and reflected sunlight. These modules help maximize power generation, reducing electricity bills and contributing to a greener, more sustainable energy mix for industries. Additionally, the double glass design improves module lifespan, making them a long-term investment for businesses seeking to lower their carbon footprint and energy costs.
For residential rooftops, bifacial Mono PERC double glass modules offer homeowners an innovative and efficient solution for solar energy generation. With the increasing adoption of solar energy systems for residential use, these modules stand out for their enhanced efficiency compared to conventional monofacial panels. The ability of bifacial modules to utilize reflected sunlight from surrounding surfaces, such as roofs or driveways, adds extra power production without requiring additional space. Furthermore, the durability provided by the double-glass construction improves resistance to environmental factors like hail or storms, which is a crucial consideration for residential applications. The increasing availability of government incentives, alongside rising energy prices, makes bifacial Mono PERC double glass modules a compelling option for residential solar installations across North America.
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The top companies in the Bifacial Mono PERC Double Glass Module market are leaders in innovation, growth, and operational excellence. These industry giants have built strong reputations by offering cutting-edge products and services, establishing a global presence, and maintaining a competitive edge through strategic investments in technology, research, and development. They excel in delivering high-quality solutions tailored to meet the ever-evolving needs of their customers, often setting industry standards. These companies are recognized for their ability to adapt to market trends, leverage data insights, and cultivate strong customer relationships. Through consistent performance, they have earned a solid market share, positioning themselves as key players in the sector. Moreover, their commitment to sustainability, ethical business practices, and social responsibility further enhances their appeal to investors, consumers, and employees alike. As the market continues to evolve, these top companies are expected to maintain their dominance through continued innovation and expansion into new markets.
Trina Solar
JA Solar
Jinko Solar
TW Solar
EGing Photovoltaic Technology
Changzhou Almaden
Yingli Energy Technology
Risen Energy
Suzhou Talesun Solar Technologies
Jiaxing Longyin Photovoltaic Material
Seraphim
Gcl System Integration Technology
SUNRISE ENERGY
LONGi
Solargiga Energy Holdings
Jolywood (Suzhou) Sunwatt
Sharp
NEOSUN Energy
Canadian Solar
Hanwha Q CELLS
The North American Bifacial Mono PERC Double Glass Module market is a dynamic and rapidly evolving sector, driven by strong demand, technological advancements, and increasing consumer preferences. The region boasts a well-established infrastructure, making it a key hub for innovation and market growth. The U.S. and Canada lead the market, with major players investing in research, development, and strategic partnerships to stay competitive. Factors such as favorable government policies, growing consumer awareness, and rising disposable incomes contribute to the market's expansion. The region also benefits from a robust supply chain, advanced logistics, and access to cutting-edge technology. However, challenges like market saturation and evolving regulatory frameworks may impact growth. Overall, North America remains a dominant force, offering significant opportunities for companies to innovate and capture market share.
North America (United States, Canada, and Mexico, etc.)
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One of the key trends driving the North American bifacial Mono PERC double glass module market is the ongoing shift towards cleaner and more sustainable energy solutions. As governments and businesses aim to meet their renewable energy goals, the demand for high-efficiency solar modules has increased. Bifacial technology, with its ability to increase energy output and reduce LCOE, is rapidly gaining traction. Furthermore, as technological advancements in module design continue to emerge, the cost of bifacial modules has decreased, making them more affordable for a wider range of applications, including both large-scale power plants and residential installations. This trend is expected to further accelerate with the expansion of green energy initiatives and rising concerns about climate change.
Another trend is the increasing focus on energy storage and hybrid solar systems that combine bifacial Mono PERC double glass modules with energy storage solutions. This integration allows for more efficient energy usage, as excess energy generated during the day can be stored and used during periods of low sunlight. The combination of bifacial technology with advanced battery storage is enabling greater energy independence for both commercial and residential users. The availability of subsidies and tax incentives for solar installations, particularly in the U.S. and Canada, is another important trend that is expected to further boost the adoption of bifacial modules in various applications. As the market matures, manufacturers are also focusing on improving the overall performance and reliability of bifacial modules to meet the growing demand for sustainable energy solutions.
The bifacial Mono PERC double glass module market in North America presents significant investment opportunities across various segments. For investors, large-scale PV power plants, including both ground-mounted and floating systems, are prime targets due to their high energy output potential and the demand for clean energy. Solar farms using bifacial modules can benefit from higher energy yields and lower operational costs, making them an attractive investment. Moreover, with the increasing deployment of floating solar farms in bodies of water, such as lakes and reservoirs, opportunities for investment in this niche market are also growing. Floating solar technology is gaining attention for its ability to address space limitations and reduce the environmental footprint of solar installations.
In addition to utility-scale projects, there are significant opportunities in the residential and commercial rooftop sectors, driven by the growing demand for solar adoption among homeowners and businesses. Investors can focus on companies that provide solar solutions incorporating bifacial Mono PERC double glass modules, as these systems promise higher efficiency and faster returns on investment. The incentives and rebates offered by North American governments for renewable energy installations further enhance the attractiveness of investments in solar technologies. With energy storage solutions becoming more integrated into solar projects, investors can also explore opportunities in the hybrid solar-storage systems market, where bifacial modules combined with storage technologies can offer enhanced energy independence and cost savings.
What is the main advantage of bifacial Mono PERC double glass modules?
Bifacial Mono PERC double glass modules capture sunlight from both sides, increasing energy output and efficiency compared to traditional monofacial panels.
How does the bifacial technology work in solar power plants?
Bifacial modules generate additional energy from reflected sunlight off the ground or water, making them ideal for ground-mounted and floating solar power plants.
Are bifacial Mono PERC double glass modules more durable than regular panels?
Yes, the double-glass construction of bifacial modules improves durability and resistance to environmental factors, extending their lifespan.
Can bifacial modules be used in residential solar installations?
Yes, bifacial modules are suitable for residential rooftops, offering enhanced efficiency and power generation by utilizing reflected sunlight from surrounding surfaces.
What are the key benefits of using bifacial modules in commercial and industrial rooftops?
Bifacial modules help maximize energy generation in commercial rooftops, reducing electricity costs and supporting sustainability goals for businesses.