This Solar Photovoltaic Wafer market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Solar Photovoltaic Wafer market.
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
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
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.
Global solar photovoltaic wafer: Market Segmentation
The global solar photovoltaic wafer market can be segmented on the basis of material type and region
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.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.
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On the basis of material type, the global solar photovoltaic wafer market can be segmented into the following categories:
- Monocrystalline wafer
- Multicrystalline wafer/Polycrystalline wafer
The report covers exhaust analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
Frequently Asked Questions
What research methodology is used to develop the Solar Photovoltaic Wafer Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Solar Photovoltaic Wafer Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Solar Photovoltaic Wafer Market report?
In addition to up-to-date market figures and customized of the Solar Photovoltaic Wafer Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.