Market Overview:
The global solar photovoltaics wafer market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the rising awareness about the benefits of solar energy among consumers. In terms of type, monocrystalline wafers are expected to account for a larger share of the market than multicrystalline/polycrystalline wafers during the forecast period. This can be attributed to their higher efficiency levels as compared with multicrystalline/polycrystalline wafers. In terms of application, commercial applications are expected to account for a larger share of the market than residential applications during the forecast period. This can be attributed to increasing investments in renewable energy by commercial entities across regions.
Product Definition:
Solar Photovoltaics Wafer is a thin slice of semiconductor material, such as silicon, that is used to make solar cells. Solar cells are made from wafers by cutting them into small pieces and then depositing the appropriate electrical circuitry on top. The importance of Solar Photovoltaics Wafer is that it is the base material for making solar cells which can be used to convert sunlight into electrical energy.
Monocrystalline wafer:
Monocrystalline wafer is a type of semiconductor material made from crystalline silicon. It has high purity and uniformity, which makes it suitable for solar photovoltaic (PV) wafers market. The growth factor in the global monocrystalline wafer market is expected to drive on account of growing demand for low-cost PV modules coupled with technological advancements in manufacturing processes.
Multicrystalline wafer/Polycrystalline wafer:
Multicrystalline wafer/Polycrystalline wafer is a type of semiconductor material made from crystallization process. The term multicrystalline refers to the method of producing more than one crystal from a single ingot, which is produced by Czochralski technique or press-sinter method.
Application Insights:
The commercial application segment accounted for the largest share of more than 50% in 2017. The growing need for renewable energy has led to an increased focus on solar power generation across commercial buildings, which is expected to propel demand over the forecast period.
The residential sector is projected to witness significant growth owing to increasing government support and initiatives coupled with rising awareness about cost-effectiveness and clean energy sources. In addition, declining prices have made solar PV systems affordable even in small installations, thereby spurring demand over the forecast period.
Other applications include industrial facilities as well as speciality applications such as space heating or cooling or water heating at industrial facilities that require large electricity bills but produce low carbon emissions due to their usage of clean energy sources such as sunlight (solar rays).
Regional Analysis:
Asia Pacific region accounted for the largest share of global solar photovoltaics wafer market in 2017. The growth is attributed to rising investments by Chinese companies in this sector. For instance, China National Nuclear Corporation (CNNC) invested USD X million in 2017 alone for a joint venture with JinkoSolar Holding Co., Ltd. This partnership will focus on manufacturing large-scale CIGS thin film solar modules at the Tianjin facility of Jinko Solar. Such investments are anticipated to boost demand over the forecast period, thereby driving industry growth across countries such as Japan and India that have adopted a feed-in tariff program for promoting renewable energy based electricity generation from renewable energy sources including solar power plants and wind farms.
North America region is projected to witness significant growth over the next eight years owing to increasing awareness about climate change.
Growth Factors:
- Increasing demand for solar energy due to global warming and climate change
- Government initiatives and subsidies for solar energy in developed and developing countries
- Reduction in cost of solar photovoltaic systems due to technological advancements
- Rising awareness about the benefits of using solar energy among consumers and businesses
- Growing demand from emerging markets such as China, India, Brazil, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Photovoltaics Wafer Market Research Report
By Type
Monocrystalline wafer, Multicrystalline wafer/Polycrystalline wafer
By Application
Commercial, Industrial, Residential, Energy, Others
By Companies
GCL-Poly Energy, LDK Solar Hi-Tech, ReneSola, SolarWorld, Yingli Green Energy
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Solar Photovoltaics Wafer Market Report Segments:
The global Solar Photovoltaics Wafer market is segmented on the basis of:
Types
Monocrystalline wafer, Multicrystalline wafer/Polycrystalline wafer
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
Commercial, Industrial, Residential, Energy, 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:
- GCL-Poly Energy
- LDK Solar Hi-Tech
- ReneSola
- SolarWorld
- Yingli Green Energy
Highlights of The Solar Photovoltaics 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:
- Monocrystalline wafer
- Multicrystalline wafer/Polycrystalline wafer
- By Application:
- Commercial
- Industrial
- Residential
- Energy
- 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 Solar Photovoltaics 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 solar panel is a device that converts sunlight into electricity. Solar panels are made up of many small, thin wafers of silicon. These wafers are arranged in a grid and covered with a layer of glass or plastic. When light hits the solar panel, it causes electrons to flow through the wires connecting each wafer. This flow of electrons creates an electric current, which can be used to power things like lights and electronics
Some of the major players in the solar photovoltaics wafer market are GCL-Poly Energy, LDK Solar Hi-Tech, ReneSola, SolarWorld, Yingli Green Energy.
The solar photovoltaics wafer market is expected to grow at a compound annual growth rate of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Photovoltaics 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 Photovoltaics 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 Photovoltaics Wafer Market - Supply Chain
4.5. Global Solar Photovoltaics Wafer Market Forecast
4.5.1. Solar Photovoltaics Wafer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Photovoltaics Wafer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Photovoltaics Wafer Market Absolute $ Opportunity
5. Global Solar Photovoltaics 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 Photovoltaics Wafer Market Size and Volume Forecast by Type
5.3.1. Monocrystalline wafer
5.3.2. Multicrystalline wafer/Polycrystalline wafer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Photovoltaics 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 Photovoltaics Wafer Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Industrial
6.3.3. Residential
6.3.4. Energy
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Photovoltaics 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 Photovoltaics 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 Photovoltaics 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 Photovoltaics 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 Photovoltaics Wafer Demand Share Forecast, 2019-2026
9. North America Solar Photovoltaics 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 Photovoltaics 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 Photovoltaics Wafer Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Industrial
9.4.3. Residential
9.4.4. Energy
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Photovoltaics Wafer Market Size and Volume Forecast by Type
9.7.1. Monocrystalline wafer
9.7.2. Multicrystalline wafer/Polycrystalline wafer
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 Photovoltaics Wafer Demand Share Forecast, 2019-2026
10. Latin America Solar Photovoltaics 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 Photovoltaics 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 Photovoltaics Wafer Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Industrial
10.4.3. Residential
10.4.4. Energy
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Photovoltaics Wafer Market Size and Volume Forecast by Type
10.7.1. Monocrystalline wafer
10.7.2. Multicrystalline wafer/Polycrystalline wafer
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 Photovoltaics Wafer Demand Share Forecast, 2019-2026
11. Europe Solar Photovoltaics 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 Photovoltaics 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 Photovoltaics Wafer Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Industrial
11.4.3. Residential
11.4.4. Energy
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Photovoltaics Wafer Market Size and Volume Forecast by Type
11.7.1. Monocrystalline wafer
11.7.2. Multicrystalline wafer/Polycrytalline wafer
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 Photovoltaics Wafer Demand Share, 2019-2026
12. Asia Pacific Solar Photovoltaics 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 Photovoltaics 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 Photovoltaics Wafer Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Industrial
12.4.3. Residential
12.4.4. Energy
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Photovoltaics Wafer Market Size and Volume Forecast by Type
12.7.1. Monocrystalline wafer
12.7.2. Multicrystalline wafer/Polycrystalline wafer
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 Photovoltaics Wafer Demand Share, 2019-2026
13. Middle East & Africa Solar Photovoltaics 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 Photovoltaics 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 Photovoltaics Wafer Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Industrial
13.4.3. Residential
13.4.4. Energy
13.4.5. 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 Photovoltaics Wafer Market Size and Volume Forecast by Type
13.7.1. Monocrystalline wafer
13.7.2. Multicrystalline wafer/Polycrystalline wafer
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 Photovoltaics Wafer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Photovoltaics Wafer Market: Market Share Analysis
14.2. Solar Photovoltaics Wafer Distributors and Customers
14.3. Solar Photovoltaics Wafer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GCL-Poly Energy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. LDK Solar Hi-Tech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ReneSola
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SolarWorld
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yingli Green Energy
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
