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%.
Market Analysis and Insights: Global HIT (Heterojunction) Solar Cell Market
Due to the COVID-19 pandemic, the global HIT (Heterojunction) Solar Cell market size is estimated to be worth US$ 1532.7 million in 2022 and is forecast to a readjusted size of US$ 11390 million by 2028 with a CAGR of 39.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Screen Printing Low Temperature Silver Paste accounting for % of the HIT (Heterojunction) Solar Cell global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While PV Power Station segment is altered to an % CAGR throughout this forecast period.
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%.
Global HIT (Heterojunction) Solar Cell Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global HIT (Heterojunction) Solar Cell Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Metallization and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Metallization
Screen Printing Low Temperature Silver Paste
Smart-wire
Copper Plating
Segment by Application
PV Power Station
Commercial
Residential
By Company
Panasonic
REC
GS-Solar
Jinergy
HuaSun
Akcome
TW Solar
Canadian Solar
Risen Energy
Enel (3SUN)
Meyer Burger
Hevel Solar
EcoSolifer
SolarTech Universal
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia