Global HIT (Heterojunction) Solar Cell Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global HIT (Heterojunction) Solar Cell Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Heterojunction is one of the two advanced cell architectures the solar industry has been banking upon to improve the performance of today’s PV device. The current cell technology incumbent, PERC has hit its efficiency threshold, and even the large wafer trick that allowed it to generate more power is not exclusive to PERC anymore. Consequently, cell/module manufacturers have once again started focusing on high efficiency, and this is where HJT makes its presence felt. HJT, now on the radar of many PV manufacturers, has made significant progress in recent times. As a technology, HJT is a variant of passivated contacts, so is TOPCon. Both the technologies address the primary shortcoming of most of the cell technologies, i.e., recombination due to metallic contacts. This is achieved by electronically separating contacts from the absorber by inserting a wider band-gap layer. Where HJT differs from TOPCon, which is single sided, is that the said layer is inserted on both sides and the process itself is accomplished at a low temperature. HJT comes with a few more advantages such as a short production process with fewer steps, high bifaciality, better low-light performance and low degradation. Besides, HJT is anything but new, as the technology has been in production for over two decades.

According to our (Global Info Research) latest study, the global HIT (Heterojunction) Solar Cell market size was valued at US$ 2683 million in 2023 and is forecast to a readjusted size of USD 49400 million by 2030 with a CAGR of 52.2% during review period.

Global key players of HIT (heterojunction) solar cell include Huasun, TW Solar, Canadian Solar, REC, Jinneng, etc. The top five players hold a share about 58%. North America is the largest market, has a share about 54%, followed by Europe and Asia, with share 25% and 16%, separately. In terms of product type, silver is the largest segment, accounting for approximately 97% of the market share. At the same time, in terms of downstream, residential use is the largest downstream sector, accounting for 85% of the market share.

This report is a detailed and comprehensive analysis for global HIT (Heterojunction) Solar Cell market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global HIT (Heterojunction) Solar Cell market size and forecasts, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/W), 2019-2030

Global HIT (Heterojunction) Solar Cell market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/W), 2019-2030

Global HIT (Heterojunction) Solar Cell market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MW), and average selling prices (US$/W), 2019-2030

Global HIT (Heterojunction) Solar Cell market shares of main players, shipments in revenue ($ Million), sales quantity (MW), and ASP (US$/W), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for HIT (Heterojunction) Solar Cell

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global HIT (Heterojunction) Solar Cell market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Panasonic, GS-Solar, REC, Jinneng, Huasun, Akcome, TW Solar, Canadian Solar, Risen Energy, Enel (3SUN), etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

HIT (Heterojunction) Solar Cell market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Silver-based
Copper-based
Others

Market segment by Application
PV Power Station
Commercial
Residential

Major players covered
Panasonic
GS-Solar
REC
Jinneng
Huasun
Akcome
TW Solar
Canadian Solar
Risen Energy
Enel (3SUN)
Meyer Burger
Hevel
EcoSolifer
Heliene

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe HIT (Heterojunction) Solar Cell product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of HIT (Heterojunction) Solar Cell, with price, sales quantity, revenue, and global market share of HIT (Heterojunction) Solar Cell from 2019 to 2024.

Chapter 3, the HIT (Heterojunction) Solar Cell competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the HIT (Heterojunction) Solar Cell breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and HIT (Heterojunction) Solar Cell market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of HIT (Heterojunction) Solar Cell.

Chapter 14 and 15, to describe HIT (Heterojunction) Solar Cell sales channel, distributors, customers, research findings and conclusion.