"Actionable Insights to Fuel Your Growth"

Solar Silicon Wafer Market Size, Share and Global Trend By Type (Single Crystal Silicon Wafer, Polycrystalline Silicon Wafer), By End-User (Residential, Commercial, Industrial, Utility) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI101303 | Status : Ongoing

 

KEY MARKET INSIGHTS

The silicon wafers are used as a base for the manufacturing of solar panels. The reflectivity and absorptivity of the solar rays falling on the solar panels depend on the characteristics of the silicon wafer used. The use of silicon wafers in the solar panels increases the efficiency of the solar panels.

At present, the silicon wafers are being utilized in most of the solar installations taking place around the globe. Therefore, the growth of the solar photovoltaic market goes hand in hand with the growth of the solar silicon wafers market.

The application of the silicon wafers in the upcoming electric vehicles to store more amount of energy and increase the efficiency of the vehicle will also help the growth of the global solar silicon wafer market, as the automobile industry is growing in every region at a good pace.

To gain extensive insights into the market, Request for Customization

The increasing demand for energy, rural electrification, and demand shift towards clean energy are the other factors which will augment the growth of the global solar silicon wafer market over the forecast period.

On the type of manufacturing process of the solar silicon wafer, the global market can be segmented into a single-crystal silicon wafer and the polycrystalline silicon wafer. The higher efficiency of the single crystal silicon wafer is the primary factor which will see single crystal silicon wafer hold a more significant market share.

Based on the end-user the global solar silicon wafer market can be segmented into residential, commercial, industrial, and utilities. The installation for solar panels has been adopted in every sector owing to its advantages.

The utility segment will dominate the global solar silicon wafer market during the forecast period. The higher market share of the utility segment will be attributed to the ongoing large scale installations by governments to increase power output and decrease the dependency of conventional sources.

The major market driver for the global solar silicon wafer market is the increasing demand for clean energy around the world, which has seen a rise in the number of solar installations. Also, the support from governments of various countries for the installation of solar has boosted the global solar silicon wafer market.

The application of solar wafers in the electric vehicles in the automobile industry which is growing at a reasonable rate is also the factor driving the growth of the global solar silicon wafer market.

The key market restraint for global solar silicon wafer market is the high cost of manufacturing and installation associated with silicon wafer panels as compared to the thin-film photovoltaic panels. The high capital cost indulged in production will see small players being kept away from entering the market which minimizes the opportunity for the market to be fragmented.

Key Players Covered


Some of the major companies that are present in the global solar silicon wafer market are GCL Solar Energy, Inc., LDK Solar Energy Europe, Yingli Solar, ReneSola Ltd., LONGi Solar, Green Energy Technology, Trina Solar, Comtec Solar Systems Group Ltd, Targray, UniversityWafer, CETC Solar Energy Holdings Co., Ltd., ENF Solar, Wuxi Suntech Power Co., Ltd., Jinko Solar Co., Ltd., JA Solar and others.

SEGMENTATION 






















SEGMENTATION 


 DETAILS


By Type


·      Single Crystal Silicon Wafer

·      Polycrystalline Silicon Wafer


By End-User


·      Residential

·      Commercial

·      Industrial

·      Utility


By Geography


·      North America (The USA and Canada)

·      Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

·      Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

·      Latin America (Brazil, Mexico, and Rest of Latin America)

·      Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)


 

Regional Analysis


In recent years the developed and the developing countries have drifted towards the use of solar energy, which has increased the deployment of the solar panels and therefore, the solar silicon wafer market has also gained pace. The global solar silicon wafer market has now been spread into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. China is the largest consumer and manufacturing hub for solar silicon wafers. Many of the major players operating in the solar silicon market are based in China. This has seen Asia Pacific region dominate the global solar silicon wafer market with increased installations and with government initiatives to support the growth. After the Asia Pacific, Europe is the dominant region for the global solar silicon wafer market with many countries in Europe shifting towards clean energy, and solar energy stands as the most preferred replacement of conventional sources. Similarly, the steps to reduce carbon footprints have seen the USA dominate the solar silicon wafer market in the North America region. The Middle East & Africa and Latin America regions will also have a lucrative growth rate in the solar silicon wafer market with energy trend shifting towards renewables.    

Key Industry Developments



  • In July 2019, LONGI green energy which is a leading monocrystalline wafer producer signed a long term supply contract Vietnam based PV manufacturer Vina Solar. Total supply of around 254 million pieces would be done with the total time ranging from July 2019 to December 2021. The total deal is valued at around $540 million.
  • In August 2019, GlobalWafers and GT advanced technologies signed a long term agreement wherein the expertise of bot the companies will combine to form a new source of supply for silicon carbide wafers. The objective of the collaboration is to increase supply and reduce costs for the high demand substrate material.

  • Ongoing
  • 2023
  • 2019-2022

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

UL
Itic
Abb
Hitachi
Schlumberger

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X