Market Overview:
The global photovoltaic 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 solar energy across the globe and technological advancements in the field of solar energy. In terms of type, 156 mm wafers are expected to dominate the market during the forecast period, followed by 158 mm, 166 mm and 210 mm wafers. P-type battery is expected to be the largest application segment during the forecast period, followed by N-type battery. North America is expected to lead the global photovoltaic monocrystalline silicon wafer market in terms of revenue during 2018–2030 owing to high adoption rate of solar energy in countries such as U.S.
Product Definition:
A photovoltaic monocrystalline silicon wafer is a thin slice of crystalline silicon that is used to make solar cells. The importance of photovoltaic monocrystalline silicon wafers is that they are the most efficient way to convert sunlight into electrical energy.
156 mm:
The global photovoltaic monocrystalline silicon wafer market size was valued at USD 8.5 billion in 2015 and is expected to witness significant growth over the forecast period on account of growing demand for solar energy coupled with declining prices of crystalline silicon (c-Si). The industry is anticipated to grow at a CAGR exceeding 5% from 2016 to 2024.
158 mm:
The 158 mm is the most commonly used wafer size in photovoltaic monocrystalline silicon wafers market. It has a major share of more than 50% in global photovoltaic monocrystalline silicon (PV) wafer market. The other factors that have contributed to its dominance are cost benefits, ease of handling, and availability across different fabrication facilities.
Application Insights:
The market is segmented based on application into P-type battery, N-type battery and others. The P-type battery was the largest application segment in 2017 and accounted for a share of over 40% in 2018. Growing demand for energy storage owing to increasing renewable power generation has been one of the key factors driving product demand.
PV monocrystalline silicon wafer is used as an active material in n-Type batteries which are majorly used as backup power sources for computers, telecommunication equipment and industrial applications requiring low voltage DC current flow. Increasing penetration of solar photovoltaic systems across countries such as China, India Japan due to government incentives coupled with rising awareness regarding environmental protection has boosted product consumption significantly over the past few years.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness a CAGR of XX% from 2018 to 2030. Increasing government subsidies, rising demand for electricity in emerging economies, such as China and India, are some of the key factors driving industry growth across this region.
The European photovoltaic monocrystalline silicon wafer market was valued at USD X billion in 2017 owing to increasing R&D investments by major solar cell manufacturers coupled with growing adoption of these cells across residential as well as commercial applications due to their high efficiency rating and lightweight nature compared to other alternatives available on grid-based power generation systems.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of renewable energy sources over traditional ones
- Reduction in the cost of solar photovoltaic systems, making them more affordable for consumers
- Advances in technology that have led to an increase in efficiency and a decrease in the size of solar photovoltaic systems
- Growing awareness about the benefits of solar photovoltaics among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic Monocrystalline Silicon Wafer Market Research Report
By Type
156 mm, 158 mm, 166 mm, 210 mm
By Application
P-Type Battery, N-Type Battery
By Companies
GCL-Poly Energy Holdings Limited, Zhonghuan Semiconductor Corporation, Xi'an LONGi Silicon Materials Corp, Sino-American Silicon Products, JA Solar Inc, Jinko Solar, Canadian Solar, Solargiga Energy, HongYuan New Material (Baotou)
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic Monocrystalline Silicon Wafer Market Report Segments:
The global Photovoltaic Monocrystalline Silicon Wafer market is segmented on the basis of:
Types
156 mm, 158 mm, 166 mm, 210 mm
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
P-Type Battery, N-Type Battery
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:
- GCL-Poly Energy Holdings Limited
- Zhonghuan Semiconductor Corporation
- Xi'an LONGi Silicon Materials Corp
- Sino-American Silicon Products
- JA Solar Inc
- Jinko Solar
- Canadian Solar
- Solargiga Energy
- HongYuan New Material (Baotou)
Highlights of The Photovoltaic 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:
- 156 mm
- 158 mm
- 166 mm
- 210 mm
- By Application:
- P-Type Battery
- N-Type Battery
- 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 Photovoltaic 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
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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?
Photovoltaic monocrystalline silicon wafer is a thin-film solar cell made from single crystalline silicon. It has the potential to be more efficient and cheaper than other solar cells, but it also requires special handling and processing.
Some of the key players operating in the photovoltaic monocrystalline silicon wafer market are GCL-Poly Energy Holdings Limited, Zhonghuan Semiconductor Corporation, Xi'an LONGi Silicon Materials Corp, Sino-American Silicon Products, JA Solar Inc, Jinko Solar, Canadian Solar, Solargiga Energy, HongYuan New Material (Baotou).
The photovoltaic 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 Photovoltaic 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 Photovoltaic Monocrystalline Silicon Wafer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photovoltaic 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 Photovoltaic 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 Photovoltaic Monocrystalline Silicon Wafer Market Size & Forecast, 2018-2028
4.5.1 Photovoltaic Monocrystalline Silicon Wafer Market Size and Y-o-Y Growth
4.5.2 Photovoltaic Monocrystalline Silicon Wafer Market Absolute $ Opportunity
Chapter 5 Global Photovoltaic Monocrystalline Silicon Wafer 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 Photovoltaic Monocrystalline Silicon Wafer Market Size Forecast by Type
5.2.1 156 mm
5.2.2 158 mm
5.2.3 166 mm
5.2.4 210 mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Photovoltaic Monocrystalline Silicon Wafer 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 Photovoltaic Monocrystalline Silicon Wafer Market Size Forecast by Applications
6.2.1 P-Type Battery
6.2.2 N-Type Battery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photovoltaic 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 Photovoltaic 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 Photovoltaic Monocrystalline Silicon Wafer Analysis and Forecast
9.1 Introduction
9.2 North America Photovoltaic Monocrystalline Silicon Wafer 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 Photovoltaic Monocrystalline Silicon Wafer Market Size Forecast by Type
9.6.1 156 mm
9.6.2 158 mm
9.6.3 166 mm
9.6.4 210 mm
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 Photovoltaic Monocrystalline Silicon Wafer Market Size Forecast by Applications
9.10.1 P-Type Battery
9.10.2 N-Type Battery
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 Photovoltaic Monocrystalline Silicon Wafer Analysis and Forecast
10.1 Introduction
10.2 Europe Photovoltaic Monocrystalline Silicon Wafer 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 Photovoltaic Monocrystalline Silicon Wafer Market Size Forecast by Type
10.6.1 156 mm
10.6.2 158 mm
10.6.3 166 mm
10.6.4 210 mm
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 Photovoltaic Monocrystalline Silicon Wafer Market Size Forecast by Applications
10.10.1 P-Type Battery
10.10.2 N-Type Battery
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 Photovoltaic Monocrystalline Silicon Wafer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photovoltaic Monocrystalline Silicon Wafer 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 Photovoltaic Monocrystalline Silicon Wafer Market Size Forecast by Type
11.6.1 156 mm
11.6.2 158 mm
11.6.3 166 mm
11.6.4 210 mm
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 Photovoltaic Monocrystalline Silicon Wafer Market Size Forecast by Applications
11.10.1 P-Type Battery
11.10.2 N-Type Battery
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 Photovoltaic Monocrystalline Silicon Wafer Analysis and Forecast
12.1 Introduction
12.2 Latin America Photovoltaic Monocrystalline Silicon Wafer 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 Photovoltaic Monocrystalline Silicon Wafer Market Size Forecast by Type
12.6.1 156 mm
12.6.2 158 mm
12.6.3 166 mm
12.6.4 210 mm
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 Photovoltaic Monocrystalline Silicon Wafer Market Size Forecast by Applications
12.10.1 P-Type Battery
12.10.2 N-Type Battery
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) Photovoltaic Monocrystalline Silicon Wafer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photovoltaic Monocrystalline Silicon Wafer 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) Photovoltaic Monocrystalline Silicon Wafer Market Size Forecast by Type
13.6.1 156 mm
13.6.2 158 mm
13.6.3 166 mm
13.6.4 210 mm
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) Photovoltaic Monocrystalline Silicon Wafer Market Size Forecast by Applications
13.10.1 P-Type Battery
13.10.2 N-Type Battery
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 Photovoltaic Monocrystalline Silicon Wafer Market: Competitive Dashboard
14.2 Global Photovoltaic Monocrystalline Silicon Wafer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GCL-Poly Energy Holdings Limited
14.3.2 Zhonghuan Semiconductor Corporation
14.3.3 Xi'an LONGi Silicon Materials Corp
14.3.4 Sino-American Silicon Products
14.3.5 JA Solar Inc
14.3.6 Jinko Solar
14.3.7 Canadian Solar
14.3.8 Solargiga Energy
14.3.9 HongYuan New Material (Baotou)
