HIT (HJT) Solar Cell Market, Global Outlook and Forecast 2023-2032
The global HIT (HJT) Solar Cell market was valued at US$ 1577.1 million in 2022 and is projected to reach US$ 1964.4 million by 2029, at a CAGR of 3.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global HIT (HJT) Solar Cell market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global HIT (HJT) Solar Cell market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global HIT (HJT) Solar Cell market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
Heterojunctions are commonly formed through the interface of a crystalline silicon substrate and an amorphous Silicon passivation layer in solar cells. The Heterojunction with Intrinsic Thin-Layer (HIT) solar cell structure was first developed in 1983 and commercialised by Sanyo/Panasonic. HIT solar cells now hold the record for the most efficient single-junction silicon solar cell, with a conversion efficiency of 26.7%.
This report aims to provide a comprehensive presentation of the global market for HIT (HJT) Solar Cell, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HIT (HJT) Solar Cell. This report contains market size and forecasts of HIT (HJT) Solar Cell in global, including the following market information:
- Global HIT (HJT) Solar Cell Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global HIT (HJT) Solar Cell Market Sales, 2018-2023, 2024-2032, (KW)
- Global top five HIT (HJT) Solar Cell companies in 2022 (%)
Global key players of HIT (Heterojunction) Solar Cell include Panasonic, REC, etc. Global top 3 companies hold a share over 50%. Asia is the largest market, with a share about 80%, followed by Europe with the share about 10%. In terms of product, Monofacial Cell is the largest segment, with a share over 50%. And in terms of application, the largest application is PV Power Station, with a share over 70%.
We surveyed the HIT (HJT) Solar Cell manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global HIT (HJT) Solar Cell Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (KW)
Global HIT (HJT) Solar Cell Market Segment Percentages, by Type, 2022 (%)
- Battery Conversion Rate 23%-24%
- Battery Conversion Rate 24%-25%
- Battery Conversion Rate 25%-26%
- Others
Global HIT (HJT) Solar Cell Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (KW)
Global HIT (HJT) Solar Cell Market Segment Percentages, by Application, 2022 (%)
- Commercial
- Residential
- Others
Global HIT (HJT) Solar Cell Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (KW)
Global HIT (HJT) Solar Cell Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies HIT (HJT) Solar Cell revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies HIT (HJT) Solar Cell revenues share in global market, 2022 (%)
- Key companies HIT (HJT) Solar Cell sales in global market, 2018-2023 (Estimated), (KW)
- Key companies HIT (HJT) Solar Cell sales share in global market, 2022 (%)
key players include:
- Panasonic
- Sanyo
- EAS Batteries GmbH
- Suzhou Maxwell
- Tongwei Co.Ltd
- Risen Energy
- China Petroleum Jilin Chemical Eng & Con
- Jiangsu Akcome
- Jinchen Machinery
- Meyer Burger
- Sunpreme Inc.
- Kaneka Corporation
Outline of Major Chapters:
Chapter 1: Introduces the definition of HIT (HJT) Solar Cell, market overview.
Chapter 2: Global HIT (HJT) Solar Cell market size in revenue and volume.
Chapter 3: Detailed analysis of HIT (HJT) Solar Cell manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of HIT (HJT) Solar Cell in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global HIT (HJT) Solar Cell capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
