Global HIT (Heterojunction) Solar Cell Market Growth 2025-2031

The global HIT (Heterojunction) Solar Cell market size is predicted to grow from US$ 3778 million in 2025 to US$ 53320 million in 2031; it is expected to grow at a CAGR of 55.5% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “HIT (Heterojunction) Solar Cell Industry Forecast” looks at past sales and reviews total world HIT (Heterojunction) Solar Cell sales in 2024, providing a comprehensive analysis by region and market sector of projected HIT (Heterojunction) Solar Cell sales for 2025 through 2031. With HIT (Heterojunction) Solar Cell sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world HIT (Heterojunction) Solar Cell industry.

This Insight Report provides a comprehensive analysis of the global HIT (Heterojunction) Solar Cell landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on HIT (Heterojunction) Solar Cell portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global HIT (Heterojunction) Solar Cell market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for HIT (Heterojunction) Solar Cell and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global HIT (Heterojunction) Solar Cell.

This report presents a comprehensive overview, market shares, and growth opportunities of HIT (Heterojunction) Solar Cell market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Silver-based
Copper-based
Others

Segmentation by Application:
PV Power Station
Commercial
Residential

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Panasonic
GS-Solar
REC
Jinneng
Huasun
Akcome
TW Solar
Canadian Solar
Risen Energy
Enel (3SUN)
Meyer Burger
Hevel
EcoSolifer
Heliene

Key Questions Addressed in this Report

What is the 10-year outlook for the global HIT (Heterojunction) Solar Cell market?

What factors are driving HIT (Heterojunction) Solar Cell market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do HIT (Heterojunction) Solar Cell market opportunities vary by end market size?

How does HIT (Heterojunction) Solar Cell break out by Type, by Application?

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