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HIT (HJT) Solar Cell-Global Market Insights and Sales Trends 2025

HIT (HJT) Solar Cell-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1882771

No of Pages : 109

Synopsis
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%.
The global HIT (HJT) Solar Cell market size is expected to reach US$ 1937 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of HIT (HJT) Solar Cell in various end use industries. The expanding demands from the Commercial, Residential and Others,, are propelling HIT (HJT) Solar Cell market. Battery Conversion Rate 23%-24%, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Battery Conversion Rate 24%-25% segment is estimated at % CAGR for the next seven-year period.
China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.370 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for HIT (HJT) Solar Cell, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global HIT (HJT) Solar Cell market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global HIT (HJT) Solar Cell market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HIT (HJT) Solar Cell sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of HIT (HJT) Solar Cell covered in this report include Panasonic, Sanyo, EAS Batteries GmbH, Suzhou Maxwell, Tongwei Co.Ltd, Risen Energy, China Petroleum Jilin Chemical Eng & Con, Jiangsu Akcome and Jinchen Machinery, etc.
The global HIT (HJT) Solar Cell market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global HIT (HJT) Solar Cell market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global HIT (HJT) Solar Cell market, Segment by Type:
Battery Conversion Rate 23%-24%
Battery Conversion Rate 24%-25%
Battery Conversion Rate 25%-26%
Others
Global HIT (HJT) Solar Cell market, by Application
Commercial
Residential
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of HIT (HJT) Solar Cell manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of HIT (HJT) Solar Cell in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 HIT (HJT) Solar Cell Market Overview
1.1 HIT (HJT) Solar Cell Product Overview
1.2 HIT (HJT) Solar Cell Market Segment by Type
1.2.1 Battery Conversion Rate 23%-24%
1.2.2 Battery Conversion Rate 24%-25%
1.2.3 Battery Conversion Rate 25%-26%
1.2.4 Others
1.3 Global HIT (HJT) Solar Cell Market Size by Type
1.3.1 Global HIT (HJT) Solar Cell Market Size Overview by Type (2018-2029)
1.3.2 Global HIT (HJT) Solar Cell Historic Market Size Review by Type (2018-2023)
1.3.3 Global HIT (HJT) Solar Cell Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America HIT (HJT) Solar Cell Sales Breakdown by Type (2018-2023)
1.4.2 Europe HIT (HJT) Solar Cell Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific HIT (HJT) Solar Cell Sales Breakdown by Type (2018-2023)
1.4.4 Latin America HIT (HJT) Solar Cell Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa HIT (HJT) Solar Cell Sales Breakdown by Type (2018-2023)
2 Global HIT (HJT) Solar Cell Market Competition by Company
2.1 Global Top Players by HIT (HJT) Solar Cell Sales (2018-2023)
2.2 Global Top Players by HIT (HJT) Solar Cell Revenue (2018-2023)
2.3 Global Top Players by HIT (HJT) Solar Cell Price (2018-2023)
2.4 Global Top Manufacturers HIT (HJT) Solar Cell Manufacturing Base Distribution, Sales Area, Product Type
2.5 HIT (HJT) Solar Cell Market Competitive Situation and Trends
2.5.1 HIT (HJT) Solar Cell Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by HIT (HJT) Solar Cell Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in HIT (HJT) Solar Cell as of 2022)
2.7 Date of Key Manufacturers Enter into HIT (HJT) Solar Cell Market
2.8 Key Manufacturers HIT (HJT) Solar Cell Product Offered
2.9 Mergers & Acquisitions, Expansion
3 HIT (HJT) Solar Cell Status and Outlook by Region
3.1 Global HIT (HJT) Solar Cell Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global HIT (HJT) Solar Cell Historic Market Size by Region
3.2.1 Global HIT (HJT) Solar Cell Sales in Volume by Region (2018-2023)
3.2.2 Global HIT (HJT) Solar Cell Sales in Value by Region (2018-2023)
3.2.3 Global HIT (HJT) Solar Cell Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global HIT (HJT) Solar Cell Forecasted Market Size by Region
3.3.1 Global HIT (HJT) Solar Cell Sales in Volume by Region (2024-2029)
3.3.2 Global HIT (HJT) Solar Cell Sales in Value by Region (2024-2029)
3.3.3 Global HIT (HJT) Solar Cell Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global HIT (HJT) Solar Cell by Application
4.1 HIT (HJT) Solar Cell Market Segment by Application
4.1.1 Commercial
4.1.2 Residential
4.1.3 Others
4.2 Global HIT (HJT) Solar Cell Market Size by Application
4.2.1 Global HIT (HJT) Solar Cell Market Size Overview by Application (2018-2029)
4.2.2 Global HIT (HJT) Solar Cell Historic Market Size Review by Application (2018-2023)
4.2.3 Global HIT (HJT) Solar Cell Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America HIT (HJT) Solar Cell Sales Breakdown by Application (2018-2023)
4.3.2 Europe HIT (HJT) Solar Cell Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific HIT (HJT) Solar Cell Sales Breakdown by Application (2018-2023)
4.3.4 Latin America HIT (HJT) Solar Cell Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa HIT (HJT) Solar Cell Sales Breakdown by Application (2018-2023)
5 North America HIT (HJT) Solar Cell by Country
5.1 North America HIT (HJT) Solar Cell Historic Market Size by Country
5.1.1 North America HIT (HJT) Solar Cell Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America HIT (HJT) Solar Cell Sales in Volume by Country (2018-2023)
5.1.3 North America HIT (HJT) Solar Cell Sales in Value by Country (2018-2023)
5.2 North America HIT (HJT) Solar Cell Forecasted Market Size by Country
5.2.1 North America HIT (HJT) Solar Cell Sales in Volume by Country (2024-2029)
5.2.2 North America HIT (HJT) Solar Cell Sales in Value by Country (2024-2029)
6 Europe HIT (HJT) Solar Cell by Country
6.1 Europe HIT (HJT) Solar Cell Historic Market Size by Country
6.1.1 Europe HIT (HJT) Solar Cell Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe HIT (HJT) Solar Cell Sales in Volume by Country (2018-2023)
6.1.3 Europe HIT (HJT) Solar Cell Sales in Value by Country (2018-2023)
6.2 Europe HIT (HJT) Solar Cell Forecasted Market Size by Country
6.2.1 Europe HIT (HJT) Solar Cell Sales in Volume by Country (2024-2029)
6.2.2 Europe HIT (HJT) Solar Cell Sales in Value by Country (2024-2029)
7 Asia-Pacific HIT (HJT) Solar Cell by Region
7.1 Asia-Pacific HIT (HJT) Solar Cell Historic Market Size by Region
7.1.1 Asia-Pacific HIT (HJT) Solar Cell Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific HIT (HJT) Solar Cell Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific HIT (HJT) Solar Cell Sales in Value by Region (2018-2023)
7.2 Asia-Pacific HIT (HJT) Solar Cell Forecasted Market Size by Region
7.2.1 Asia-Pacific HIT (HJT) Solar Cell Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific HIT (HJT) Solar Cell Sales in Value by Region (2024-2029)
8 Latin America HIT (HJT) Solar Cell by Country
8.1 Latin America HIT (HJT) Solar Cell Historic Market Size by Country
8.1.1 Latin America HIT (HJT) Solar Cell Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America HIT (HJT) Solar Cell Sales in Volume by Country (2018-2023)
8.1.3 Latin America HIT (HJT) Solar Cell Sales in Value by Country (2018-2023)
8.2 Latin America HIT (HJT) Solar Cell Forecasted Market Size by Country
8.2.1 Latin America HIT (HJT) Solar Cell Sales in Volume by Country (2024-2029)
8.2.2 Latin America HIT (HJT) Solar Cell Sales in Value by Country (2024-2029)
9 Middle East and Africa HIT (HJT) Solar Cell by Country
9.1 Middle East and Africa HIT (HJT) Solar Cell Historic Market Size by Country
9.1.1 Middle East and Africa HIT (HJT) Solar Cell Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa HIT (HJT) Solar Cell Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa HIT (HJT) Solar Cell Sales in Value by Country (2018-2023)
9.2 Middle East and Africa HIT (HJT) Solar Cell Forecasted Market Size by Country
9.2.1 Middle East and Africa HIT (HJT) Solar Cell Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa HIT (HJT) Solar Cell Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Panasonic
10.1.1 Panasonic Company Information
10.1.2 Panasonic Introduction and Business Overview
10.1.3 Panasonic HIT (HJT) Solar Cell Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Panasonic HIT (HJT) Solar Cell Products Offered
10.1.5 Panasonic Recent Development
10.2 Sanyo
10.2.1 Sanyo Company Information
10.2.2 Sanyo Introduction and Business Overview
10.2.3 Sanyo HIT (HJT) Solar Cell Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Sanyo HIT (HJT) Solar Cell Products Offered
10.2.5 Sanyo Recent Development
10.3 EAS Batteries GmbH
10.3.1 EAS Batteries GmbH Company Information
10.3.2 EAS Batteries GmbH Introduction and Business Overview
10.3.3 EAS Batteries GmbH HIT (HJT) Solar Cell Sales, Revenue and Gross Margin (2018-2023)
10.3.4 EAS Batteries GmbH HIT (HJT) Solar Cell Products Offered
10.3.5 EAS Batteries GmbH Recent Development
10.4 Suzhou Maxwell
10.4.1 Suzhou Maxwell Company Information
10.4.2 Suzhou Maxwell Introduction and Business Overview
10.4.3 Suzhou Maxwell HIT (HJT) Solar Cell Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Suzhou Maxwell HIT (HJT) Solar Cell Products Offered
10.4.5 Suzhou Maxwell Recent Development
10.5 Tongwei Co.Ltd
10.5.1 Tongwei Co.Ltd Company Information
10.5.2 Tongwei Co.Ltd Introduction and Business Overview
10.5.3 Tongwei Co.Ltd HIT (HJT) Solar Cell Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Tongwei Co.Ltd HIT (HJT) Solar Cell Products Offered
10.5.5 Tongwei Co.Ltd Recent Development
10.6 Risen Energy
10.6.1 Risen Energy Company Information
10.6.2 Risen Energy Introduction and Business Overview
10.6.3 Risen Energy HIT (HJT) Solar Cell Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Risen Energy HIT (HJT) Solar Cell Products Offered
10.6.5 Risen Energy Recent Development
10.7 China Petroleum Jilin Chemical Eng & Con
10.7.1 China Petroleum Jilin Chemical Eng & Con Company Information
10.7.2 China Petroleum Jilin Chemical Eng & Con Introduction and Business Overview
10.7.3 China Petroleum Jilin Chemical Eng & Con HIT (HJT) Solar Cell Sales, Revenue and Gross Margin (2018-2023)
10.7.4 China Petroleum Jilin Chemical Eng & Con HIT (HJT) Solar Cell Products Offered
10.7.5 China Petroleum Jilin Chemical Eng & Con Recent Development
10.8 Jiangsu Akcome
10.8.1 Jiangsu Akcome Company Information
10.8.2 Jiangsu Akcome Introduction and Business Overview
10.8.3 Jiangsu Akcome HIT (HJT) Solar Cell Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Jiangsu Akcome HIT (HJT) Solar Cell Products Offered
10.8.5 Jiangsu Akcome Recent Development
10.9 Jinchen Machinery
10.9.1 Jinchen Machinery Company Information
10.9.2 Jinchen Machinery Introduction and Business Overview
10.9.3 Jinchen Machinery HIT (HJT) Solar Cell Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Jinchen Machinery HIT (HJT) Solar Cell Products Offered
10.9.5 Jinchen Machinery Recent Development
10.10 Meyer Burger
10.10.1 Meyer Burger Company Information
10.10.2 Meyer Burger Introduction and Business Overview
10.10.3 Meyer Burger HIT (HJT) Solar Cell Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Meyer Burger HIT (HJT) Solar Cell Products Offered
10.10.5 Meyer Burger Recent Development
10.11 Sunpreme Inc.
10.11.1 Sunpreme Inc. Company Information
10.11.2 Sunpreme Inc. Introduction and Business Overview
10.11.3 Sunpreme Inc. HIT (HJT) Solar Cell Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Sunpreme Inc. HIT (HJT) Solar Cell Products Offered
10.11.5 Sunpreme Inc. Recent Development
10.12 Kaneka Corporation
10.12.1 Kaneka Corporation Company Information
10.12.2 Kaneka Corporation Introduction and Business Overview
10.12.3 Kaneka Corporation HIT (HJT) Solar Cell Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Kaneka Corporation HIT (HJT) Solar Cell Products Offered
10.12.5 Kaneka Corporation Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 HIT (HJT) Solar Cell Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 HIT (HJT) Solar Cell Industrial Chain Analysis
11.4 HIT (HJT) Solar Cell Market Dynamics
11.4.1 HIT (HJT) Solar Cell Industry Trends
11.4.2 HIT (HJT) Solar Cell Market Drivers
11.4.3 HIT (HJT) Solar Cell Market Challenges
11.4.4 HIT (HJT) Solar Cell Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 HIT (HJT) Solar Cell Distributors
12.3 HIT (HJT) Solar Cell Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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