Solar Photovoltaic Wafer Market Size & Share, Analysis, Business Development Trends, High Growth and Forecast-2027
Recently published “Solar Photovoltaic Wafer Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027” provides analysis of factors pertinent to market growth and its a premium research report that is relevant across all worldwide.
The objectives of this study are as follows:
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To define, describe, and forecast the " Solar Photovoltaic Wafer " market by type, application, component, delivery model, end user, and region
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To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
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To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
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To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
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To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
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To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Solar modules made from wafers of crystalline silicon have been the dominant technology in terrestrial photovoltaic. A slab or solar photovoltaic wafer is used to create a photovoltaic cell. More than 85% of solar cells currently made worldwide consist of wafer-based silicon cells. The wafer is subjected to high temperature in the presence of phosphorous oxychloride to induce into it the physical properties required to produce electricity. The top of the solar photovoltaic wafer is coated with an anti-reflective material like silicon nitride to increase the light absorption capacity by minimizing the reflection. The solar photovoltaic wafer industry is anticipated to grow at a significant CAGR over the forecast period.
Global solar photovoltaic wafer market: Market Dynamics
Global solar photovoltaic wafer: Market Drivers
The global solar photovoltaic wafer market is being driven by the increasing usage of solar power in various applications like electric vehicles, etc. The demand for highly efficient solar photovoltaic wafers needed to recharge electric vehicle battery can prove to be a major factor responsible for the growth of the global solar photovoltaic wafer market. Moreover, technological developments taking place in the electrical and electronics sector have led to an increase in demand for solar based energy.
Another important factor driving the global solar photovoltaic wafer market are the numerous advantages offered by solar photovoltaic wafers. For instance, solar photovoltaic wafers offer better durability and longevity. The solar photovoltaic wafers are also more efficient in comparison to the other alternatives available in the market. All of these factors, combined together, will continue to affect the market positively during the forecast period.
Global solar photovoltaic wafer: Market Restraints
Solar photovoltaic wafer based photovoltaic panels are costlier than thin film photovoltaic panels. This factor, in particular, might restrain the growth of the market in near future.
Global solar photovoltaic wafer: Market Trends
These days, manufacturers are focusing on decreasing the overall thickness of the wafer used in solar cell manufacturing. Using thinner wafers would reduce the overall cost of the raw material used as manufacturers will be able to cut higher number of wafers from a single brick. The major focus of manufacturers is reducing the production cost, which they are trying to achieve by reducing waste production during polysilicon crystallization, recycling saw dust and improving material handling during the production process.
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Global solar photovoltaic wafer: Market Segmentation
The global solar photovoltaic wafer market can be segmented on the basis of material type and region
On the basis of material type, the global solar photovoltaic wafer market can be segmented into the following categories:
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Monocrystalline wafer
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Multicrystalline wafer/Polycrystalline wafer
Global solar photovoltaic wafer: Market Regional Outlook
The global market for solar photovoltaic wafers is being dominated by the Asia Pacific region. China is the largest manufacturer of solar photovoltaic wafers. A number of big manufacturers across the value chain of the global photovoltaic wafer market are essentially China-based players. It is most likely that North America, Europe and Japan will continue to hold a significant share in the global solar photovoltaic wafer market over the forecast period. Middle East and Africa is expected to show steady growth over the forecast period. The overall global solar photovoltaic wafer market is projected to expand at a moderate CAGR over the forecast period.
Global solar photovoltaic wafer: Market Participants
Some of the market participants identified across the value chain of the global solar photovoltaic wafer market are:
Targray Technology International Inc, Lanco Solar, , LDK Solar, Renewable Energy Corporation (REC), Solarworld, MEMC Electronic Materials, Inc. and Nexolon Co., Ltd.
Some of the manufacturers identified across the value chain of the Chinese solar photovoltaic wafer market are:
GCL-Poly Energy Holdings Limited , Zhonghuan Semiconductor Corporation, Renesola, Comtec Solar, Green Energy Technology, Sino-American Silicon Products Inc. (SAS), JA Solar, Wuxi Suntech Power Co., Ltd., Jinko Solar, Yingli Green Energy Holding Company Limited (Yingli Solar) and Xi'an LONGi Silicon Materials Corp.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
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Tailwinds and headwinds molding the market’s trajectory
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Market segments based on products, technology, and applications
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Prospects of each segment
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Overall current and possible future size of the market
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Growth pace of the market
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Competitive landscape and key players’ strategies
The main aim of the report is to:
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Enable key stakeholder’s in the market bet right on it
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Understand the opportunities and pitfalls awaiting them
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Assess the overall growth scope in the near term
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Strategize effectively with respect to production and distribution
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