Pune, India, Dec. 13, 2022 (GLOBE NEWSWIRE) — The global bifacial solar panel market is likely to gain momentum on increasing demand for industrial and commercial electricity. According to an upcoming Fortune Business Insights report titled “Bifacial Solar Modules Market Size, share and global trend by type (monocrystalline solar panel, polycrystalline solar panel, thin film solar panel), by application (residential, commercial) and by geographical forecast to 2029”, various small, medium and large companies are entering the market with solar panels that equipped with the latest technology. They aim to increase the global bifacial solar panel market revenue by focusing on the design, cost and efficiency of the solar panels.

The report categorizes the global bifacial solar panel market based on type, application, and geography. Typically, the market is segmented into polycrystalline solar panel, monocrystalline solar panel and thin film solar panel. Among these, the monocrystalline module offers higher energy efficiency than the other two solar modules. This, combined with the high cost, makes it preferable for use in commercial projects. Polycrystalline solar modules, on the other hand, are inexpensive and are therefore more likely to be used in residential projects.

Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/bifacial-solar-panels-market-100291

Increasing number of planned solar projects to support growth in Asia Pacific

The global bifacial solar module market is geographically segmented into Europe, Middle East & Africa, Asia Pacific, North America & Latin America. Among these areas, North America and Europe are expected to lead the bifacial solar module market. The reason for this is the increasing investment by numerous companies in solar projects in these regions. They will conquer a significant market share in the coming years.

In Asia…