Market Overview:
The global monocrystalline silicon wafer market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for semiconductor devices and solar batteries across the globe. In terms of type, the high purity single crystal silicon segment is expected to hold a major share of the global monocrystalline silicon wafer market during the forecast period. This can be attributed to its growing demand from semiconductor device manufacturers across different regions.
Product Definition:
A monocrystalline silicon wafer is a thin slice of silicon that has been grown from a single crystal. These wafers are used in the manufacture of semiconductor devices, such as solar cells and microchips.
High Purity Single Crystal Silicon:
High purity single crystal silicon is a special grade of crystalline silicon characterized by high quality and purity. It has the ability to improve the performance of semiconductor devices by reducing noise, improving uniformity, and increasing signal strength in Monocrystalline Silicon Wafers (MSW).
Low Purity Single Crystal Silicon:
Low Purity Single Crystal Silicon (LPSC) is a type of monocrystalline silicon that has been processed to remove most of the impurities present in its manufacturing process. The end product is used as an alternative to polycrystalline silicon in various applications such as solar photovoltaic modules, MEMS devices, and image sensors.
Application Insights:
The semiconductor device application segment accounted for the largest revenue share of over 60% in 2017. The demand for monocrystalline silicon wafers is expected to increase at a significant rate owing to their usage in the production of integrated circuits and other electronic devices. Semiconductor device includes computers, mobile phones, networking equipment, etc., which are manufactured using various materials such as polycrystalline silicon, monocrystalline silicon and others.
The solar battery application segment is projected to witness considerable growth over the forecast period owing to increasing utilization of mono-Si wafer in photovoltaic cells and solar panels. Solar batteries are considered as one of the promising renewable energy sources due to their self-sufficiency & clean source of energy generation coupled with low operational costs & no fuel cost associated with them.
Regional Analysis:
Asia Pacific dominated the global monocrystalline silicon wafer market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from major application sectors such as electronics, solar energy, and others. China is one of the largest consumers of monocrystalline silicon owing to easy availability of raw materials coupled with cheap labor costs.
The country has witnessed significant growth in manufacturing semiconductor devices on account of low production cost coupled with high availability of skilled workforce and proper infrastructure facilities for manufacturing semiconductors at a large scale. In addition, favorable government policies encouraging domestic production are anticipated to drive industry expansion over the next eight years.
Growth Factors:
- Increasing demand for solar energy: The global demand for solar energy is increasing rapidly due to the growing awareness of the benefits of renewable energy sources and concerns about climate change. This is driving the growth of the monocrystalline silicon wafer market as monocrystalline silicon wafers are used in solar cells.
- Rising investment in renewable energy: Governments and private investors are increasingly investing in renewable energy projects due to concerns about climate change and rising electricity costs. This is fueling the growth of the monocrystalline silicon wafer market as monocrystalline silicon wafers are used in solar panels and other renewable energy devices.
- Technological advances: Monocrystalline silicon technology is constantly evolving, with new processes being developed that improve efficiency and reduce costs. This is helping to drive down prices, making it more affordable for consumers, which is boosting demand for moncrystalline silicon products, including wafers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Monocrystalline Silicon Wafer Market Research Report
By Type
High Purity Single Crystal Silicon, Low Purity Single Crystal Silicon
By Application
Semiconductor Device, Solar Battery, Others
By Companies
LONGi Green Energy Technology, JinkoSolar, Trina Solar, JA Solar, Canadian Solar, Zhonghuan Semiconductor, Risen Energy, SUNPOWER, SHANGJI AUTOMATION, JYT Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Monocrystalline Silicon Wafer Market Report Segments:
The global Monocrystalline Silicon Wafer market is segmented on the basis of:
Types
High Purity Single Crystal Silicon, Low Purity Single Crystal Silicon
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Semiconductor Device, Solar Battery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LONGi Green Energy Technology
- JinkoSolar
- Trina Solar
- JA Solar
- Canadian Solar
- Zhonghuan Semiconductor
- Risen Energy
- SUNPOWER
- SHANGJI AUTOMATION
- JYT Corporation
Highlights of The Monocrystalline Silicon Wafer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Purity Single Crystal Silicon
- Low Purity Single Crystal Silicon
- By Application:
- Semiconductor Device
- Solar Battery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Monocrystalline Silicon Wafer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A monocrystalline silicon wafer is a single crystal of silicon.
Some of the major companies in the monocrystalline silicon wafer market are LONGi Green Energy Technology, JinkoSolar, Trina Solar, JA Solar, Canadian Solar, Zhonghuan Semiconductor, Risen Energy, SUNPOWER, SHANGJI AUTOMATION, JYT Corporation.
The monocrystalline silicon wafer market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Monocrystalline Silicon Wafer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Monocrystalline Silicon Wafer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Monocrystalline Silicon Wafer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Monocrystalline Silicon Wafer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Monocrystalline Silicon Wafer Market Size & Forecast, 2020-2028
4.5.1 Monocrystalline Silicon Wafer Market Size and Y-o-Y Growth
4.5.2 Monocrystalline Silicon Wafer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 High Purity Single Crystal Silicon
5.2.2 Low Purity Single Crystal Silicon
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Semiconductor Device
6.2.2 Solar Battery
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Monocrystalline Silicon Wafer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Monocrystalline Silicon Wafer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 High Purity Single Crystal Silicon
9.6.2 Low Purity Single Crystal Silicon
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Semiconductor Device
9.10.2 Solar Battery
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 High Purity Single Crystal Silicon
10.6.2 Low Purity Single Crystal Silicon
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Semiconductor Device
10.10.2 Solar Battery
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 High Purity Single Crystal Silicon
11.6.2 Low Purity Single Crystal Silicon
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Semiconductor Device
11.10.2 Solar Battery
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 High Purity Single Crystal Silicon
12.6.2 Low Purity Single Crystal Silicon
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Semiconductor Device
12.10.2 Solar Battery
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 High Purity Single Crystal Silicon
13.6.2 Low Purity Single Crystal Silicon
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Semiconductor Device
13.10.2 Solar Battery
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Monocrystalline Silicon Wafer Market: Competitive Dashboard
14.2 Global Monocrystalline Silicon Wafer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LONGi Green Energy Technology
14.3.2 JinkoSolar
14.3.3 Trina Solar
14.3.4 JA Solar
14.3.5 Canadian Solar
14.3.6 Zhonghuan Semiconductor
14.3.7 Risen Energy
14.3.8 SUNPOWER
14.3.9 SHANGJI AUTOMATION
14.3.10 JYT Corporation
