Market Overview:
The global solar cell drying furnace market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for solar cells across the globe. Additionally, the growing awareness about renewable energy sources is also propelling the growth of this market. The global solar cell drying furnace market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into hot-air solar cell drying furnace and infrared solar cell drying furnace. On the basis of application, it can be classified into monocrystalline silicon cell drying, polycrystalline silicon cell drying and amorphous silicon cell drying. Regionally, it can be segmented into North America, Latin America, Europe Asia Pacific and Middle East & Africa (MEA).
Product Definition:
Solar Cell Drying Furnace is a device that uses solar energy to dry Solar Cells. The importance of Solar Cell Drying Furnace is that it helps to improve the efficiency of Solar Cells, thus reducing the cost of electricity generation.
Hot-air Solar Cell Drying Furnace:
The solar cell drying furnace is a device used to remove water from the solar cells. It works by using convective heat transfer from the surface of the liquid to the air above it. The hot air coming out of this system is usually directed towards the front face of each solar cell, which then warms its internal temperature and increases its output power (in case of crystalline silicon).
Infrared Solar Cell Drying Furnace:
Infrared solar cell drying furnace is used in the industry to remove water from the solar cells. The working principle of this device is based on infrared radiation, which is absorbed by water molecules and heat them up to very high temperatures (around 150-200OC). As a result, the moisture content in the solar cell decreases and it can be used for a longer duration than other devices.
Application Insights:
The market is segmented by application into monocrystalline silicon cell drying, polycrystalline silicon cell drying, and amorphous silicon cell drying. In 2017, the monocrystalline silicon solar cell dried process dominated the global industry with a revenue share of over 60%. The dominance is attributed to factors such as an increase in demand for high-quality crystalline products that are used in numerous end-use industries.
Polycrystalline Silicon Cell Drying Process (PCSD) was the second largest application segment in 2017 owing to its rising demand from various end-use industries including semiconductors and telecommunication devices. PCSD has been gaining traction due to its low cost compared to other processes thus making it more economical than others across the globe.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government funding for R&D in solar energy, rising installation of solar farms, and growing awareness about renewable energy among consumers. In addition, favorable government policies such as tax benefits on solar panels are anticipated to boost industry growth in this region. For instance, under section 80C of Income Tax Act (I-T act) 1961 by India Government has provided a benefit on purchase of Solar Photovoltaic System up to 20 kilowatts capacity which will create huge opportunities for industry expansion over the next eight years.
North America accounted for 21% share in 2016 owing to high demand from U.S.
Growth Factors:
- Increasing demand for solar cells due to rising awareness about the benefits of solar energy
- Growing investments in renewable energy sources
- Favorable government policies and regulations supporting the adoption of solar energy
- Technological advancements making solar cells more efficient and affordable
- Rising demand from developing countries with high potential for solar energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Cell Drying Furnace Market Research Report
By Type
Hot-air Solar Cell Drying Furnace, Infrared Solar Cell Drying Furnace
By Application
Monocrystalline Silicon Cell Drying, Polycrystalline Silicon Cell Drying, Amorphous Silicon Cell Drying
By Companies
S.C New Energy Technology, China Electronics Technology Group Corporation No.48 Institute, Greatcell Energy, Noritake, Rehm Thermal Systems, YS-Thermtech, Torrey Hills Technologies, Smit Thermal Solutions, Hanwha TechM, HD-Standard Oven, Luo Yuan PV, Huaguang Kilns and Furnances Equipment
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Solar Cell Drying Furnace Market Report Segments:
The global Solar Cell Drying Furnace market is segmented on the basis of:
Types
Hot-air Solar Cell Drying Furnace, Infrared Solar Cell Drying Furnace
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
Monocrystalline Silicon Cell Drying, Polycrystalline Silicon Cell Drying, Amorphous Silicon Cell Drying
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:
- S.C New Energy Technology
- China Electronics Technology Group Corporation No.48 Institute
- Greatcell Energy
- Noritake
- Rehm Thermal Systems
- YS-Thermtech
- Torrey Hills Technologies
- Smit Thermal Solutions
- Hanwha TechM
- HD-Standard Oven
- Luo Yuan PV
- Huaguang Kilns and Furnances Equipment
Highlights of The Solar Cell Drying Furnace 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:
- Hot-air Solar Cell Drying Furnace
- Infrared Solar Cell Drying Furnace
- By Application:
- Monocrystalline Silicon Cell Drying
- Polycrystalline Silicon Cell Drying
- Amorphous Silicon Cell Drying
- 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 Solar Cell Drying Furnace 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 solar cell drying furnace is a type of industrial furnace used to dry solar cells. Solar cells are made up of small, thin sheets of silicon that are covered in a layer of material that helps capture the sun's energy and turn it into electricity. The layers need to be dried quickly so they can be packaged for sale or use in devices like smartphones and laptops. A solar cell drying furnace is designed to heat the air around the cells until they reach a temperature high enough to break down water molecules into hydrogen and oxygen gas. This process leaves behind solid materials called "solar wafers" which can then be sold or used in other devices
Some of the key players operating in the solar cell drying furnace market are S.C New Energy Technology, China Electronics Technology Group Corporation No.48 Institute, Greatcell Energy, Noritake, Rehm Thermal Systems, YS-Thermtech, Torrey Hills Technologies, Smit Thermal Solutions, Hanwha TechM, HD-Standard Oven, Luo Yuan PV, Huaguang Kilns and Furnances Equipment.
The solar cell drying furnace market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solar Cell Drying Furnace 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 Solar Cell Drying Furnace Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Cell Drying Furnace 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 Solar Cell Drying Furnace 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 Solar Cell Drying Furnace Market Size & Forecast, 2020-2028
4.5.1 Solar Cell Drying Furnace Market Size and Y-o-Y Growth
4.5.2 Solar Cell Drying Furnace 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 Hot-air Solar Cell Drying Furnace
5.2.2 Infrared Solar Cell Drying Furnace
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 Monocrystalline Silicon Cell Drying
6.2.2 Polycrystalline Silicon Cell Drying
6.2.3 Amorphous Silicon Cell Drying
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Cell Drying Furnace 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 Solar Cell Drying Furnace 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 Hot-air Solar Cell Drying Furnace
9.6.2 Infrared Solar Cell Drying Furnace
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 Monocrystalline Silicon Cell Drying
9.10.2 Polycrystalline Silicon Cell Drying
9.10.3 Amorphous Silicon Cell Drying
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 Hot-air Solar Cell Drying Furnace
10.6.2 Infrared Solar Cell Drying Furnace
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 Monocrystalline Silicon Cell Drying
10.10.2 Polycrystalline Silicon Cell Drying
10.10.3 Amorphous Silicon Cell Drying
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 Hot-air Solar Cell Drying Furnace
11.6.2 Infrared Solar Cell Drying Furnace
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 Monocrystalline Silicon Cell Drying
11.10.2 Polycrystalline Silicon Cell Drying
11.10.3 Amorphous Silicon Cell Drying
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 Hot-air Solar Cell Drying Furnace
12.6.2 Infrared Solar Cell Drying Furnace
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 Monocrystalline Silicon Cell Drying
12.10.2 Polycrystalline Silicon Cell Drying
12.10.3 Amorphous Silicon Cell Drying
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 Hot-air Solar Cell Drying Furnace
13.6.2 Infrared Solar Cell Drying Furnace
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 Monocrystalline Silicon Cell Drying
13.10.2 Polycrystalline Silicon Cell Drying
13.10.3 Amorphous Silicon Cell Drying
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 Solar Cell Drying Furnace Market: Competitive Dashboard
14.2 Global Solar Cell Drying Furnace Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 S.C New Energy Technology
14.3.2 China Electronics Technology Group Corporation No.48 Institute
14.3.3 Greatcell Energy
14.3.4 Noritake
14.3.5 Rehm Thermal Systems
14.3.6 YS-Thermtech
14.3.7 Torrey Hills Technologies
14.3.8 Smit Thermal Solutions
14.3.9 Hanwha TechM
14.3.10 HD-Standard Oven
14.3.11 Luo Yuan PV
14.3.12 Huaguang Kilns and Furnances Equipment
