PUBLISHER: Value Market Research | PRODUCT CODE: 1547458
PUBLISHER: Value Market Research | PRODUCT CODE: 1547458
The global demand for Solar Silicon Wafer Market is presumed to reach the market size of nearly USD 36.85 Billion by 2032 from USD 13.85 Billion in 2023 with a CAGR of 11.49% under the study period 2024-2032.
Solar silicon wafers are thin circular sheets made up of highly pure crystalline silicon ((c-Si)) or solar grade silicon. It forms the basis of photovoltaic power generation, as it helps to convert solar energy directly into electrical energy. Solar silicon wafer is used for producing solar cells because it enhances the effectiveness of solar cells. The wafers contain phosphorous oxychloride and are kept in open to expose them to high temperature. The topmost wafer of the solar cells is coated with silicon nitride as it has antireflective properties and this aids in better light absorption. Silicon wafers are more durable when compared to other alternatives available in the market.
The global solar silicon wafer market is expected to witness significant growth owing to increasing adoption of electrical energy produced from renewable energy sources. Rapid population growth, rapid industrialization in developing countries and leading market players concentrating on manufacturing eco-friendly devices are other key factors driving solar silicon wafer market. Manufacturing of large (M12) solar silicon wafers for improving energy conversion efficiency of mono-Si and reducing associated cost will contribute to market growth. Furthermore, strict government measures to reduce greenhouse emissions will increase the demand for solar silicon wafers. However, inadequate supply of raw material (polysilicon) due to Covid-19 will hinder solar silicon wafer market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Solar Silicon Wafer. The growth and trends of Solar Silicon Wafer industry provide a holistic approach to this study.
This section of the Solar Silicon Wafer market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Solar Silicon Wafer market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Solar Silicon Wafer market include LONGi Green Energy Technology Co. Ltd, JinkoSolar Holding Co. Ltd., GCL-Poly Energy Holdings Limited, Solargiga Energy Holdings Limited, Huantai Group, CETC Solar Energy Holdings Co. Ltd., Jiangxi LDK Solar High-Tech Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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