HIT (Heterojunction) Solar Cell market was valued at US$ 1532.7 million in 2022 and is anticipated to reach US$ 16300 million by 2029, witnessing a CAGR of 39.7% - Valuates Reports

HIT (Heterojunction) Solar Cell market was valued at US$ 1532.7 million in 2022 and is anticipated to reach US$ 16300 million by 2029, witnessing a CAGR of 39.7% during the forecast period 2023-2029.

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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 influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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%.

This report aims to provide a comprehensive presentation of the global market for HIT (Heterojunction) 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 (Heterojunction) Solar Cell.
The HIT (Heterojunction) Solar Cell market size, estimations, and forecasts are provided in terms of output/shipments (M W) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global HIT (Heterojunction) Solar Cell market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the HIT (Heterojunction) Solar Cell manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
Monofacial Cell
Bifacial Cell

Segment by Application
PV Power Station
Commercial
Residential

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