Market Overview:
The global HIT (HJT) solar cell market is expected to grow at a CAGR of over 9% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing demand for energy-efficient and environment-friendly technologies, rising concerns about climate change, and growing investments in renewable energy sources. In terms of type, the battery conversion rate 23%-24% segment is expected to account for the largest share of the global HIT (HJT) solar cell market during the forecast period. This can be attributed to increasing demand for high efficiency solar cells from commercial and residential users.
 Solar Cell Industry Outlook.svg)
Product Definition:
A HIT(HJT) solar cell is a type of solar cell that uses a heterojunction with intrinsic thin-film transistors (HITs). It is made by sandwiching a layer of amorphous silicon (a-Si) between two layers of crystalline silicon. The resulting device can achieve higher efficiencies than traditional solar cells because the light is better absorbed and converted into electrical energy.
Battery Conversion Rate 23%-24%:
Battery conversion rate 23%-24% is used in Hitachi High-Technologies Solar Cell (HIT) products. It's a battery technology that uses organic electrolyte and has no liquid metal or mercury. The key feature of this technology is the ability to convert more than 90% of the solar energy into electricity, which is then stored in rechargeable batteries for use later on.
Battery Conversion Rate 24%-25%:
Battery conversion rate 24%-25% is the percentage of battery capacity to charge a fully drained cell of 100 amperes for at least two cycles. The higher the battery conversion rate, the more efficient and effective a solar panel will be in charging batteries.
Application Insights:
The commercial application segment dominated the global market in 2017. This is attributed to the growing adoption of solar cells across government and non-government buildings, educational institutions, hospitals and hotels among other commercial structures. The residential sector is expected to witness significant growth over the forecast period owing to increasing number of installations at homes and small scale photovoltaic power plants on account of rising awareness regarding clean energy sources among consumers.
The others segment includes transportation equipment such as electric vehicles (EV), hybrid vehicles (HEV), buses, trucks etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of solar panel manufacturing units, which have resulted in high production of HIT solar cells. China accounted for approximately 80% of total HIT cell production worldwide owing to easy availability of raw materials and low-cost labor.
The European market was valued at USD X billion in 2017 and is anticipated to grow at a significant rate over the forecast period owing to increasing adoption by residential as well as commercial customers due to government subsidies on installation of these systems coupled with rising awareness about environment friendly energy sources among consumers across Europe countries such as Germany, France, Italy, Spain etc.; U.K.; Andorra; San Marino; Switzerland; Croatia; Norway; Sweden etc.; Countries With High Solar irradiance (top 10) and Countries With Low Solar irradiance (bottom 10).
Growth Factors:
- Increasing demand from the electrical and electronics industry for solar cells to be used in a wide range of products and applications.
- Government initiatives and subsidies for the installation of solar panels, which is expected to drive market growth over the forecast period.
- Rising awareness about the benefits of using solar energy as an alternative source of power generation, which is expected to boost market growth over the next few years.
- Technological advancements that have led to higher efficiency rates for HIT solar cells, making them more competitive in terms of price and performance as compared to other types of solar cells available in the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
HIT(HJT) Solar Cell Market Research Report
By Type
Battery Conversion Rate 23%-24%, Battery Conversion Rate 24%-25%, Battery Conversion Rate 25%-26%, Others
By Application
Commercial, Residential, Others
By Companies
Panasonic, Sanyo, EAS Batteries GmbH, Suzhou Maxwell, Tongwei Co.Ltd, Risen Energy, China Petroleum Jilin Chemical Eng & Con, Jiangsu Akcome, Jinchen Machinery, Meyer Burger, Panasonic, Kaneka Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global HIT(HJT) Solar Cell Market Report Segments:
The global HIT(HJT) Solar Cell market is segmented on the basis of:
Types
Battery Conversion Rate 23%-24%, Battery Conversion Rate 24%-25%, Battery Conversion Rate 25%-26%, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic
- Sanyo
- EAS Batteries GmbH
- Suzhou Maxwell
- Tongwei Co.Ltd
- Risen Energy
- China Petroleum Jilin Chemical Eng & Con
- Jiangsu Akcome
- Jinchen Machinery
- Meyer Burger
- Panasonic
- Kaneka Corporation
 Solar Cell Market Overview.svg)
Highlights of The HIT(HJT) Solar Cell Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Battery Conversion Rate 23%-24%
- Battery Conversion Rate 24%-25%
- Battery Conversion Rate 25%-26%
- Others
- By Application:
- Commercial
- Residential
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HIT(HJT) Solar Cell Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Solar Cell Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A HIT(HJT) solar cell is a type of photovoltaic cell that uses the principle of hot-junction tandem cells. The two electrodes are placed so that their heat can transfer more easily, and this allows for a higher conversion efficiency than other types of solar cells.
Some of the major players in the hit(hjt) solar cell market are Panasonic, Sanyo, EAS Batteries GmbH, Suzhou Maxwell, Tongwei Co.Ltd, Risen Energy, China Petroleum Jilin Chemical Eng & Con, Jiangsu Akcome, Jinchen Machinery, Meyer Burger, Panasonic, Kaneka Corporation.
The hit(hjt) solar cell market is expected to grow at a compound annual growth rate of 9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HIT(HJT) Solar Cell Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HIT(HJT) Solar Cell Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HIT(HJT) Solar Cell Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HIT(HJT) Solar Cell Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HIT(HJT) Solar Cell Market Size & Forecast, 2018-2028
4.5.1 HIT(HJT) Solar Cell Market Size and Y-o-Y Growth
4.5.2 HIT(HJT) Solar Cell Market Absolute $ Opportunity
Chapter 5 Global HIT(HJT) Solar Cell Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 HIT(HJT) Solar Cell Market Size Forecast by Type
5.2.1 Battery Conversion Rate 23%-24%
5.2.2 Battery Conversion Rate 24%-25%
5.2.3 Battery Conversion Rate 25%-26%
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global HIT(HJT) Solar Cell Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 HIT(HJT) Solar Cell Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HIT(HJT) Solar Cell Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HIT(HJT) Solar Cell Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America HIT(HJT) Solar Cell Analysis and Forecast
9.1 Introduction
9.2 North America HIT(HJT) Solar Cell Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America HIT(HJT) Solar Cell Market Size Forecast by Type
9.6.1 Battery Conversion Rate 23%-24%
9.6.2 Battery Conversion Rate 24%-25%
9.6.3 Battery Conversion Rate 25%-26%
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America HIT(HJT) Solar Cell Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe HIT(HJT) Solar Cell Analysis and Forecast
10.1 Introduction
10.2 Europe HIT(HJT) Solar Cell Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe HIT(HJT) Solar Cell Market Size Forecast by Type
10.6.1 Battery Conversion Rate 23%-24%
10.6.2 Battery Conversion Rate 24%-25%
10.6.3 Battery Conversion Rate 25%-26%
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe HIT(HJT) Solar Cell Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific HIT(HJT) Solar Cell Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific HIT(HJT) Solar Cell Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific HIT(HJT) Solar Cell Market Size Forecast by Type
11.6.1 Battery Conversion Rate 23%-24%
11.6.2 Battery Conversion Rate 24%-25%
11.6.3 Battery Conversion Rate 25%-26%
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific HIT(HJT) Solar Cell Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America HIT(HJT) Solar Cell Analysis and Forecast
12.1 Introduction
12.2 Latin America HIT(HJT) Solar Cell Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America HIT(HJT) Solar Cell Market Size Forecast by Type
12.6.1 Battery Conversion Rate 23%-24%
12.6.2 Battery Conversion Rate 24%-25%
12.6.3 Battery Conversion Rate 25%-26%
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America HIT(HJT) Solar Cell Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) HIT(HJT) Solar Cell Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) HIT(HJT) Solar Cell Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) HIT(HJT) Solar Cell Market Size Forecast by Type
13.6.1 Battery Conversion Rate 23%-24%
13.6.2 Battery Conversion Rate 24%-25%
13.6.3 Battery Conversion Rate 25%-26%
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) HIT(HJT) Solar Cell Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HIT(HJT) Solar Cell Market: Competitive Dashboard
14.2 Global HIT(HJT) Solar Cell Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 Sanyo
14.3.3 EAS Batteries GmbH
14.3.4 Suzhou Maxwell
14.3.5 Tongwei Co.Ltd
14.3.6 Risen Energy
14.3.7 China Petroleum Jilin Chemical Eng & Con
14.3.8 Jiangsu Akcome
14.3.9 Jinchen Machinery
14.3.10 Meyer Burger
14.3.11 Panasonic
14.3.12 Kaneka Corporation
