Middle East & Africa Bifacial Solar Market Size & Outlook
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MEA bifacial solar market highlights
- The MEA bifacial solar market generated a revenue of USD 396.3 million in 2024.
- The market is expected to grow at a CAGR of 13.6% from 2025 to 2030.
- In terms of segment, heterojunction (hjt) was the largest revenue generating technology in 2024.
- Passivated emitter rear contact (PERC) is the most lucrative technology segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2024 | USD 396.3 million |
| Market revenue in 2030 | USD 851.5 million |
| Growth rate | 13.6% (CAGR from 2025 to 2030) |
| Largest segment | Heterojunction (hjt) |
| Fastest growing segment | Passivated emitter rear contact (PERC) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | TOPCon, Passivated emitter rear contact (PERC), Heterojunction (HJT) |
| Key market players worldwide | TRINA SOLAR LTD, LG Electronics Inc ADR, Panasonic Holdings Corp, Yingli Green Energy Holding, LONGi Solar, Lumos Diagnostics Holdings Ltd Ordinary Shares |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.1% of the global bifacial solar market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 5,562.3 million by 2030.
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Bifacial Solar Market Scope
Bifacial Solar Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Yingli Green Energy Holding | View profile | 10001+ | Baoding, Hebei, China, Asia | http://www.yinglisolar.com/en/ |
| LONGi Solar | View profile | 1001-5000 | Xian Shi, Shaanxi, China, Asia | https://en.longi-solar.com/ |
| TRINA SOLAR LTD | View profile | 10001+ | Changzhou, Zhejiang, China, Asia | http://www.trinasolar.com/ |
| Lumos Diagnostics Holdings Ltd Ordinary Shares | View profile | - | 2724 Loker Ave West, Carlsbad, CA, United States, 92010 | https://www.lumosdiagnostics.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
Middle East & Africa bifacial solar market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bifacial solar market will help companies and investors design strategic landscapes.
Heterojunction (hjt) was the largest segment with a revenue share of 46.3% in 2024. Horizon Databook has segmented the Middle East & Africa bifacial solar market based on topcon, passivated emitter rear contact (perc), heterojunction (hjt) covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of bifacial solar market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa bifacial solar market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa bifacial solar market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Bifacial Solar Market Outlook Share, 2024 & 2030 (US$M)
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