- The number of companies offering HJT modules commercially has significantly increased, growing from 4 in 2022 to 9 in 2023
- With an increase in the number of products in other technologies, the market share of HJT dipped from 20% to 15% by 2023
- Huasun takes top honors among the HJT modules with 23.02% efficiency and the highest power of 715 W.
After our detailed overview on IBC technology in the previous article Top Ranking For IBC Modules, we move on to HJT. This section was represented by 4 products in the beginning of 2022, increasing to 6 over the course of 2022. However, the relative share of HJT products decreased from 20% to 18% during this period. 4 companies – REC, Meyer Burger, Huasun, and Jinergy – were the initial players offering HJT modules commercially.
In May 2022, Canadian Solar entered the market with its HJT product, followed by Akcome in July 2022. Although these companies continued to offer their products, the product count dipped to 5 in November due to Akcome’s website being inaccessible at the time of our research. It reappeared in December 2022, taking the count back up to 6.
The module count and participating companies remained constant until May 2023. In June, Risen commercialized its HJT module, elevating the count to 7, and contributing to an 18% share of HJT products. In August 2023, URECO entered the list, further expanding the count to 8. Then in December, the number of products increased to 9 with Tongwei; however, the share of HJT products fell 2 percentage points to 16% by the end of 2023.
Crossing the 23% barrier: One of the most prominent changes in the HJT segment was Huasun commercializing a module with 23.02% efficiency in September 2023, earning it a place in the top 3 on our list. (Source: TaiyangNews)
Among the 9 listed modules in heterojunction technology, Huasun’s Himalaya module stands 1st among the HJT modules with an efficiency of 23.02%. This module also has the highest module power of 715 W.
For more details, download The TaiyangNews TOP MODULES 2023 Report for free here.
