Japan Bifacial Solar Market Assessment, By Product Type, By Frame Type, By Module Type, By Installation Type, By Application, By Region, Opportunities and Forecast, FY2018-FY2032F

Japan bifacial solar market is projected to witness a CAGR of 10.23% during the forecast period FY2025- FY2032, growing from USD 621.24 million in FY2024 to USD 1354.11 million in FY2032.

Bifacial panels are designed with a transparent back sheet or a dual-glass design, allowing sunlight to reach the photovoltaic cells on both sides. Various factors behind Japan's bifacial solar market growth, such as new renewable energy goals set by the country, space constraints, and various advantages offered bifacial solar in terms of efficiency and energy yield. Moreover, bifacial solar panels could generate 5-30% more energy than mono-facial panels, boosting the bifacial solar market share. Bifacial solar could be combined with solar tracking systems, which are becoming more common in Japan's solar projects, especially for large-scale ground-mounted installations. Integrating bifacial panels and tracking systems helps further optimize renewable energy production.

In addition, Japanese corporations are highly focused on sustainability and CSR goals, which include transitioning to renewable energy sources. For the proper transition to renewable sources, the country requires high-efficiency solar energy conversion solutions that could maximize power generation within the space available. Bifacial solar panels are highly durable and perform well in harsh climates by capturing light reflected off surfaces, which could significantly boost energy output. Furthermore, with ongoing technological advancements and a supportive policy environment, bifacial solar panels are positioned to become a critical component of Japan's solar energy landscape in the coming years.

For instance, in May 2024, the Japanese government stated in policies to target an increase in the share of renewable generation sources, including solar, wind, hydropower, geothermal, and biomass, from 26% in 2022 to 36%-38% by 2030 in the power generation sector. To achieve the set goals, the demand for bifacial solar will increase in the country.

Adoption of Highly Efficient Solar Energy Conversion Solutions to Drive Market Growth

The bifacial solar panels come up with significant advantages in terms of improvement regarding energy yield and overall efficiency of energy production, which drive demand in the market. With the adoption of efficient solar energy conversion solutions, Japan could increase its energy yield and overcome the challenges of space constraints. Bifacial solar panel solutions are highly efficient as products generate power from the front and rear sides, which drives its demand in large-scale solar power plants.

In the country, industrial parks, commercial, and residential sectors are adopting bifacial solar panels to generate clean energy on-site, which will reduce the dependency on the grid and achieve cost savings over time. Bifacial solar technology is known for the high efficiency of solar energy conversion, which makes the technology ideal for such applications. Moreover, bifacial solar panels can adapt to the environmental conditions of Japan, which ensures that energy generation remains consistent and efficient.

Thus, bifacial panels are becoming valuable solutions for achieving lower levelized cost of energy (LCOE) and higher energy yield, which will foster the bifacial solar market trends in the coming years.

For instance, in April 2024, the Japanese government came up with the Sixth Strategic Energy Plan, which aims for carbon neutrality by 2050 with an interim goal of 36-38% of energy from renewables by 2030. Solar energy in Japan is emerging as a cornerstone of Japan's strategy to meet its ambitious long-term sustainability goals. This development will increase the demand for bifacial solar in the market in the coming years.

Focus on Technological Innovation and Manufacturing Capabilities to Augment Market Growth

Japanese companies and research institutions are involved in developing cell design, transparent back sheet materials, and anti-reflective coatings, which could enhance the ability of bifacial panels to capture light. The ongoing development in design and technological improvements results in higher energy conversion rates of energy, which make bifacial panels an attractive option for developers in the market.

Moreover, solar panel manufacturing associations are emphasizing domestic production of products, which allows for better supply chain control and faster deployment of the bifacial solar panels market. Japan will be able to reduce import costs, ensure supply stability, and adapt production trends to meet specific market needs. Manufacturing locally will assist developers in adopting bifacial technology in new solar installations, which will increase the bifacial solar market share.

Moreover, manufacturers are looking for more ways to get well-positioned in customizing bifacial solar solutions for the specific requirements of different regions within the country. The tailored feature of bifacial panels makes the technology well-suited for the diverse climatic conditions in Japan, becoming the preferred choice for new solar installations in different sectors. Furthermore, manufacturers are integrating bifacial panels with advanced solar tracking systems, smart inverters, and energy management systems to drive the demand for bifacial solar panels in the market. The high efficiency solar panels and technology are integrated with solar power systems' overall performance, enabling better monitoring, control, and optimization of energy output.

For instance, in October 2024, the Japan Ministry of Economy, Trade, and Industry plans to seek USD 1.66 billion in the upcoming FY2025 budget estimate to build a domestic supply network for perovskite solar cells and other innovative solar products contributing to decarbonization. This development will help the bifacial solar industry to increase revenue in the coming years.

Supportive Government Policies and Incentives to Create Opportunities

Japan is coming up with renewable energy policies that focus on high-efficiency technologies that help achieve emission reduction targets. The Japanese government supports technological innovation through funding programs and tax incentives aimed at renewable energy technologies, including bifacial solar panels.

Furthermore, governments have streamlined permitting and approval processes for solar projects, which makes it easier to deploy solar installations quickly. The rise of investment in large-scale solar projects boosts the demand for bifacial solar panels in the market. The Japanese government is encouraging the commercial sector to adopt renewable energy targets as part of sustainability frameworks, which creates demand for on-site solar installations using bifacial high-efficiency solar panels to maximize output.

Moreover, the bifacial panels can produce more power with less land for different end-users aligns perfectly with policy goals. The support from the government encourages solar developers, utilities, and companies to invest in new technologies and production capabilities that improve the performance and affordability of bifacial panels.

For instance, in March 2024, the Japanese government introduced the Feed-in Tariff (FiT) program for solar power, which supported the adoption of high-quality solar modules for the power generation sector. The support provided by the government drives demand for highly efficient solar modules in the market, which will drive bifacial panels market growth in the coming years.

Glass-Back Sheets to Dominate the Japanese Market Share

Glass-back sheets of bifacial solar panels are expected to experience a high adoption rate in the forecast period, which will lead the segment to dominate the Japanese market. The glass-back sheet bifacial panels are known for key features such as increased durability and more resistant to moisture, corrosion, and physical impacts compared to traditional polymer back sheets. The product is well-suited for diverse and harsh climates, which reduces the risk of damage and ensure longer operational lifespans. The transparent glass back sheet allows sunlight to pass through and reach the back side of the bifacial cells, which significantly boosts the energy yield.

Moreover, the glass-back sheet bifacial panels are often paired with solar tracking systems that follow the sun's movement throughout the day, resulting in more power production. The all-glass design of glass-back sheet bifacial panels is often considered more aesthetically appealing than traditional panels with polymer back sheets, which drives the demand for glass-back sheets in the bifacial solar market. Furthermore, Japan is committed to increasing its share of renewable energy, which drives the demand for glass-back sheets in the bifacial solar market.

Central Region to Dominate the Japan Bifacial Solar Market Share

The central region dominated the bifacial solar market and is expected to continue during the forecast period. The region aims to diversify the energy mix, emphasizing solar power as a sustainable solution. The higher authority's emphasis on renewable energy development creates opportunities for bifacial solar technology to grow in the region. Moreover, the region has a high adoption rate of solar production technology in residential sectors and is involved in developing large-scale solar projects. Moreover, the Japanese government supports the adoption of highly efficient solar technology in the commercial sector, fostering the demand for bifacial solar market in the coming years.

Furthermore, expanding large-scale solar utility projects will create a strong demand for technologies that optimize energy output. Bifacial solar panels are becoming well-suited technology for several projects, helping utility companies achieve higher returns on investment (ROI) and meet renewable energy targets. In the region, large-scale solar installations incorporate solar tracking systems with bifacial solar panels, which drive the demand for highly efficient bifocal solar technology in the region.

Future Market Scenario (FY2025 - FY2032F)

Japan is expected to implement policies that favor the adoption of high-efficiency solar technologies for different end-users, which will foster the demand for bifacial solar energy in the coming years.

Japan aims to increase the share of renewable energy to 36-38% of its energy mix by 2030, boosting the demand for the bifacial solar market in the coming years.

Continuous research and development (R&D) in bifacial solar technology will improve panel efficiency and durability, driving the demand for bifacial solar technology in several government projects.

Japanese companies are committing to sustainability goals and carbon reduction targets, which drive demand for on-site renewable energy solutions.

Key Players Landscape and Outlook

In Japan bifacial solar market, companies compete to outperform one another based on the production of power and distribution of bifacial solar products. Key players are investing heavily in research and development (R&D) to improve the efficiency and performance of bifacial solar panels. Manufacturers focus on creating more durable and robust designs that provide enhanced protection against harsh weather conditions. Bifacial solar manufacturers are concerned with supply chain resilience, energy efficiency, and environmental practices, which will define the industry's future. Production expansion, collaborations, agreements, and developing technologies are projected to increase competition in this fast-paced market.

For instance, in June 2024, JA Solar Japan Limited is looking to expand its business in different geographies and increase the manufacturing capacity of panels for different technologies to fulfill customer requirements. This development will help the company to increase revenue and customer base in the coming years.