HJT Module Trends And Developments

• HJT modules increased from 4 products at the beginning of 2022 to 9 by the end of 2023, with new entrants such as Canadian Solar, Akcome, Risen, URECO, and Tongwei joining the market.

• Despite the increase in product count, the relative market share of HJT modules decreased from 20% in early 2022 to 16% by the end of 2023

• Akcome’s product count fluctuated in late 2022 due to website inaccessibility, and Canadian Solar’s HJT module was delisted in early 2024 due to unavailable data sheets.

Following a brief overview of the latest updates on Share Of IBC Technology, we move on to the representation of HJT modules in our TaiyangNews Top Solar Module Analysis for H1-2024. HJT, represented by 4 products at the beginning of 2022, the number increased 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 graph shows a dip in the product count to 5 in November, which was due to Akcome's website being inaccessible during the time of our research. It reappeared in December 2022, taking the countback 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 increasing HJT's share to 18%. In August2023, URECO entered the list, further expanding the count to 8. Then in December, the product number increased to 9 with Tongwei; however, the share of HJT products fell 2 percentage points to 16% by the end of 2023. While there was no change in the first 2 months of 2024, the count reduced to 8 due to the delisting of CSI’s HJT module, due to the data sheet being unavailable on the company’s website.

TaiyangNews latest July edition of Top solar Module Listing, features major update from REC. REC’s Alpha Pure-R series, listed unchanged since May 2022, has been replaced with the new bifacial Alpha Pure-RX. This HJT module boasts an efficiency of up to 22.6% and 470 W power, compared to its predecessor listed with 22.3% efficiency and 430 W power (see TOP SOLAR MODULES Listing – July 2024) .

The TaiyangNews TOP MODULES H1-2024 Report summarizes the key findings from over 30 editions published during 2022 and H1-2024. Download the free report here.