Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Solar Ingot Wafer Market by Type (Monocrystalline, Polycrystalline), By Application (Aerospace & Defense, Automotive, Electronic Equipment, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Solar Ingot Wafer Market by Type (Monocrystalline, Polycrystalline), By Application (Aerospace & Defense, Automotive, Electronic Equipment, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130465 3300 Chemical & Material 377 245 Pages 4.8 (42)

Market Overview:

The global solar ingot 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. Solar ingot wafers are used in the manufacture of solar cells and modules, which are used in various applications such as aerospace & defense, automotive, electronic equipment, and others. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to rising investments in renewable energy sources by countries such as China and India.

Global Solar Ingot Wafer Industry Outlook

Product Definition:

Solar Ingot Wafer is a thin sheet of semiconductor material, made by slicing a thick block of semiconductor material, such as silicon, into very thin wafers. Solar ingot wafers are typically used to make solar cells and solar panels. The importance of solar ingot wafer is that it is the foundation for manufacturing most photovoltaic devices.


Monocrystalline wafers are made from pure silicon and possess a single crystal structure. These crystals have a thickness of around 0.5-1mm, depending on the application. The production process involves melting of solid material at a very high temperature to produce liquid, which is then cast into an mold to obtain the desired shape and size for further processing in semiconductor devices or solar ingot wafers market.


Polycrystalline is a type of material that consists of many small crystals aligned in a single direction. It has high thermal conductivity and specific heat, which makes it very useful for solar ingot wafer production. The growing demand for renewable energy is expected to be the key driver for this market over the forecast period.

The global polycrystalline market size was valued at USD 2,867 million in 2015.

Application Insights:

The solar ingot wafer market is segmented on the basis of application into aerospace & defense, automotive, electronics and other applications. The other applications include energy, construction and industrial machinery. The automotive sector accounted for a share of over 30% in 2017 owing to increasing demand for electric vehicles (EVs). Moreover, growing emphasis towards reducing carbon emissions coupled with rising awareness regarding renewable energy sources such as solar is expected to drive the global solar ingot wafer market over the forecast period.

The use of photovoltaic cells in building design has increased significantly since 2010 due to declining prices of PV modules and an increase in consumer interest toward sustainable development.

Regional Analysis:

Asia Pacific dominated the global solar ingot wafer market in 2017 and is expected to continue its dominance over the forecast period. The presence of major players, availability of cheap labor, high growth rate in key markets such as China and India are some factors driving regional growth. In addition, growing awareness about renewable energy generation is anticipated to further drive demand for solar cells from countries such as Japan and South Korea.

The European region accounted for a significant share owing to the presence of major aircraft manufacturers including Airbus S.A., Rolls-Royce Group Plc., Dassault Aviation SA, Safran Group; prominent defense equipment manufacturers including BAE Systems Plc.; automotive giants including BMW AG; Siemens AG along with other small & medium enterprises (SMEs). These companies are focusing on manufacturing products using sustainable materials which will propel product demand 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 solar ingot wafer market.
  • Declining prices of solar panels: The prices of solar panels are declining due to advancements in technology and increased production capacity. This is making it more affordable for consumers to install rooftop photovoltaic systems, which is driving the growth of the solar ingot wafer market.
  • Government incentives and subsidies: Governments around the world are providing incentives and subsidies for installing rooftop photovoltaic systems, which is promoting wider adoption of solar energy and driving growth in the Solar Ingot Wafer market . For example, in India, there are a number government schemes that provide financial assistance for installing rooftop PV systems such as Pradhan Mantri Sahaj Bijli Har Ghar Yojana (PMSBHY) scheme launched by Indian Prime Minister Narendra Modi in 2018 under which households with annual income up to Rs 12 lakh can get interest-free loans up to Rs 2 lakhs to install a rooftop PV system .

Scope Of The Report

Report Attributes

Report Details

Report Title

Solar Ingot Wafer Market Research Report

By Type

Monocrystalline, Polycrystalline

By Application

Aerospace & Defense, Automotive, Electronic Equipment, Others

By Companies

GCL(CN), LDK(CN), China Jinglong(CN), Yingli Solar(CN), ReneSola(CN), Green Energy Technology(TW), Sornid Hi-Tech(CN), Jinko Solar(CN), Nexolon(KR), Solargiga Energy Holdings, Trinasolar(CN), Targray, Dahai New Energy(CN), SAS(TW), Comtec Solar, Pillar, Huantai GROUP, Crystalox, Eversol, Topoint(CN), Maharishi Solar, Photowatt, Shaanxi Hermaion Solar, CNPV

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Solar Ingot Wafer Market Report Segments:

The global Solar Ingot Wafer market is segmented on the basis of:


Monocrystalline, Polycrystalline

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.


Aerospace & Defense, Automotive, Electronic Equipment, 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:

  1. GCL(CN)
  2. LDK(CN)
  3. China Jinglong(CN)
  4. Yingli Solar(CN)
  5. ReneSola(CN)
  6. Green Energy Technology(TW)
  7. Sornid Hi-Tech(CN)
  8. Jinko Solar(CN)
  9. Nexolon(KR)
  10. Solargiga Energy Holdings
  11. Trinasolar(CN)
  12. Targray
  13. Dahai New Energy(CN)
  14. SAS(TW)
  15. Comtec Solar
  16. Pillar
  17. Huantai GROUP
  18. Crystalox
  19. Eversol
  20. Topoint(CN)
  21. Maharishi Solar
  22. Photowatt
  23. Shaanxi Hermaion Solar
  24. CNPV

Global Solar Ingot Wafer Market Overview

Highlights of The Solar Ingot Wafer Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Monocrystalline
    2. Polycrystalline
  1. By Application:

    1. Aerospace & Defense
    2. Automotive
    3. Electronic Equipment
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Solar Ingot 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

Global Solar Ingot Wafer Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Solar Ingot Wafer Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Solar Ingot Wafer Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Solar Ingot Wafer Market - Supply Chain
   4.5. Global Solar Ingot Wafer Market Forecast
      4.5.1. Solar Ingot Wafer Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Solar Ingot Wafer Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Solar Ingot Wafer Market Absolute $ Opportunity

5. Global Solar Ingot Wafer Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Solar Ingot Wafer Market Size and Volume Forecast by Type
      5.3.1. Monocrystalline
      5.3.2. Polycrystalline
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Solar Ingot Wafer Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Solar Ingot Wafer Market Size and Volume Forecast by Application
      6.3.1. Aerospace & Defense
      6.3.2. Automotive
      6.3.3. Electronic Equipment
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Solar Ingot Wafer Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Solar Ingot Wafer Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Solar Ingot Wafer Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Solar Ingot Wafer Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Solar Ingot Wafer Demand Share Forecast, 2019-2029

9. North America Solar Ingot Wafer Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Solar Ingot Wafer Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Solar Ingot Wafer Market Size and Volume Forecast by Application
      9.4.1. Aerospace & Defense
      9.4.2. Automotive
      9.4.3. Electronic Equipment
      9.4.4. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Solar Ingot Wafer Market Size and Volume Forecast by Type
      9.7.1. Monocrystalline
      9.7.2. Polycrystalline
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Solar Ingot Wafer Demand Share Forecast, 2019-2029

10. Latin America Solar Ingot Wafer Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Solar Ingot Wafer Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Solar Ingot Wafer Market Size and Volume Forecast by Application
      10.4.1. Aerospace & Defense
      10.4.2. Automotive
      10.4.3. Electronic Equipment
      10.4.4. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Solar Ingot Wafer Market Size and Volume Forecast by Type
      10.7.1. Monocrystalline
      10.7.2. Polycrystalline
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Solar Ingot Wafer Demand Share Forecast, 2019-2029

11. Europe Solar Ingot Wafer Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Solar Ingot Wafer Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Solar Ingot Wafer Market Size and Volume Forecast by Application
      11.4.1. Aerospace & Defense
      11.4.2. Automotive
      11.4.3. Electronic Equipment
      11.4.4. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Solar Ingot Wafer Market Size and Volume Forecast by Type
      11.7.1. Monocrystalline
      11.7.2. Polycrystalline
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Solar Ingot Wafer Demand Share, 2019-2029

12. Asia Pacific Solar Ingot Wafer Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Solar Ingot Wafer Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Solar Ingot Wafer Market Size and Volume Forecast by Application
      12.4.1. Aerospace & Defense
      12.4.2. Automotive
      12.4.3. Electronic Equipment
      12.4.4. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Solar Ingot Wafer Market Size and Volume Forecast by Type
      12.7.1. Monocrystalline
      12.7.2. Polycrystalline
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Solar Ingot Wafer Demand Share, 2019-2029

13. Middle East & Africa Solar Ingot Wafer Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Solar Ingot Wafer Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Solar Ingot Wafer Market Size and Volume Forecast by Application
      13.4.1. Aerospace & Defense
      13.4.2. Automotive
      13.4.3. Electronic Equipment
      13.4.4. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Solar Ingot Wafer Market Size and Volume Forecast by Type
      13.7.1. Monocrystalline
      13.7.2. Polycrystalline
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Solar Ingot Wafer Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Solar Ingot Wafer Market: Market Share Analysis
   14.2. Solar Ingot Wafer Distributors and Customers
   14.3. Solar Ingot Wafer Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. GCL(CN) Overview Financials Developments Strategic Outlook
      14.4.2. LDK(CN) Overview Financials Developments Strategic Outlook
      14.4.3. China Jinglong(CN) Overview Financials Developments Strategic Outlook
      14.4.4. Yingli Solar(CN) Overview Financials Developments Strategic Outlook
      14.4.5. ReneSola(CN) Overview Financials Developments Strategic Outlook
      14.4.6. Green Energy Technology(TW) Overview Financials Developments Strategic Outlook
      14.4.7. Sornid Hi-Tech(CN) Overview Financials Developments Strategic Outlook
      14.4.8. Jinko Solar(CN) Overview Financials Developments Strategic Outlook
      14.4.9. Nexolon(KR) Overview Financials Developments Strategic Outlook
      14.4.10. Solargiga Energy Holdings Overview Financials Developments Strategic Outlook
      14.4.11. Trinasolar(CN) Overview Financials Developments Strategic Outlook
      14.4.12. Targray Overview Financials Developments Strategic Outlook
      14.4.13. Dahai New Energy(CN) Overview Financials Developments Strategic Outlook
      14.4.14. SAS(TW) Overview Financials Developments Strategic Outlook
      14.4.15. Comtec Solar Overview Financials Developments Strategic Outlook
      14.4.16. Pillar Overview Financials Developments Strategic Outlook
      14.4.17. Huantai GROUP Overview Financials Developments Strategic Outlook
      14.4.18. Crystalox Overview Financials Developments Strategic Outlook
      14.4.19. Eversol Overview Financials Developments Strategic Outlook
      14.4.20. Topoint(CN) Overview Financials Developments Strategic Outlook

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