Global Solar Silicon Wafer Market exploring future growth and trends by 2021-2027

Global Solar Silicon Wafer Market exploring future growth and trends by 2021-2027

The solar silicon wafer market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

The solar silicon wafer market is estimated to rise at a steady pace by 2027 owing to government regulations regarding greenhouse gas emissions. These regulations are fueling the adoption of renewable energy resources, mainly solar energy for energy conversion and electricity generation. Wide penetration of solar power plants in developing countries such as Malaysia, Turkey, India, and Thailand are expected to present new opportunities for solar cells.

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Monocrystalline wafers with superior electronic properties are proven to be a good fit for optoelectronic and electronic applications. These wafers provide superior energy conversion efficiency, ranging from 15% to 21%. This is higher than that of polycrystalline wafers. Monocrystalline wafers also offer sleeker aesthetics. Increase in demand for this material could incite manufacturers to increase their production capacity. In 2021, Tianjin Zhonghuan Semiconductor (TZS) hinted plans on increasing its 210mm monocrystalline wafer capacity by 150% by the end of the year.

Use in inverters held a 3.5% market share in 2020 and is anticipated to register a CAGR of 8.5% over the forecast timeframe. Growing consumption of solar power in the commercial and residential sectors around the world is likely to propel the requirement of inverters in the solar industry. Large solar silicon wafer, like the 210mm size wafer, provides high environmental and technological benefits as well as a high-power output of over 600 watts.

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The solar silicon wafer market of North America is projected to record a 9% CAGR over the forecast period owing to increasing number of solar power plant establishments in the region. Exponential rise in the number of solar power plant installations could offer promising options for solar silicon wafer manufacturers, who are focused on expansion activities as well as on securing funding and investments. In 2020, Sunova Solar introduced its new series of solar PV module that is based on a big wafer size of 182 mm and has a total module power output of 590W.

Major Key Points from Table of Content:

Chapter 5    Solar Silicon Wafer Market, By Type

5.1    Key trends by type

5.2    Monocrystalline wafer

5.2.1    Solar silicon wafer market estimates and forecasts, 2016 – 2027

5.3    Polycrystalline wafer

5.3.1    Market estimates and forecasts, 2016 – 2027

Chapter 6    Solar Silicon Wafer Market, By Application

6.1    Key trends by application

6.2    PV modules

6.2.1    Market estimates and forecasts, 2016 – 2027

6.3    Inverter

6.3.1    Market estimates and forecasts, 2016 – 2027

6.4    Solar cell

6.4.1    Market estimates and forecasts, 2016 – 2027

6.5    Solar racking systems

6.5.1    Market estimates and forecasts, 2016 – 2027

6.6    Solar battery

6.6.1    Market estimates and forecasts, 2016 – 2027

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