HIT (HJT) Solar Cell, China Market Size Forecast, Top 7 Players Rank and Market Share (Internet Services - Other Internet Services)
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HIT (HJT) Solar Cell, China Market Size Forecast, Top 7 Players Rank and Market Share | |
Heterojunction solar cells (HJT), variously known as Silicon heterojunctions (SHJ) or Heterojunction with Intrinsic Thin Layer (HIT), are a family of photovoltaic cell technologies based on a heterojunction formed between semiconductors with dissimilar band gaps. They are a hybrid technology, combining aspects of conventional crystalline solar cells with thin-film solar cells. According to the new market research report “China HIT (HJT) Solar Cell Market Report 2023-2029”, published by QYResearch, the China HIT (HJT) Solar Cell market size is projected to reach USD 6620.2 million by 2029, at a CAGR of 49.8% during the forecast period. The China key manufacturers of HIT (HJT) Solar Cell include Huasun, TW Solar, GS-Solar, Jinneng, Risen Energy, Akcome, Canadian Solar, etc. In 2022, the China top five players had a share approximately 82.0% in terms of revenue. Market Drivers: 1.Increasing demand for renewable energy: The global shift towards renewable energy sources to reduce greenhouse gas emissions and address climate change is driving the demand for solar energy. Heterojunction solar cells are highly efficient, which makes them an attractive option for meeting this demand. 2.Growing need for high-efficiency solar cells: Heterojunction solar cells have a higher efficiency compared to conventional solar cells, making them an ideal choice for various applications where high efficiency is crucial. This includes residential and commercial applications, as well as utility-scale solar projects. 3.Advancements in technology: Technological advancements have led to improvements in the efficiency and performance of heterojunction solar cells. This includes improvements in the manufacturing processes, design, and materials used, which have resulted in more cost-effective and reliable heterojunction solar cells. 4.Government policies and incentives: Governments around the world are implementing policies and incentives to promote the adoption of renewable energy sources, including solar energy. This has created a favorable environment for the growth of the heterojunction solar cell market. 5.Decreasing cost of solar energy: The cost of solar energy has been decreasing in recent years, making it more accessible and affordable. This trend is expected to continue, which will further drive the adoption of heterojunction solar cells. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
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2024-05-05 (0.222 sec)