Global Monocrystalline Silicon Wafer Market Size study & Forecast, by Type (4 Inch, 6 Inch, 8 Inch, 12 Inch, Others), by Sales Channel (Direct Channel, Indirect Channel), by Application (Solar Energy, Semiconductor, Others) and Regional Analysis, 2023-203

Global Monocrystalline Silicon Wafer Market Size study & Forecast, by Type (4 Inch, 6 Inch, 8 Inch, 12 Inch, Others), by Sales Channel (Direct Channel, Indirect Channel), by Application (Solar Energy, Semiconductor, Others) and Regional Analysis, 2023-2030

Global Monocrystalline Silicon Wafer Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2023-2030. A monocrystalline silicon wafer refers to a thin, flat disc made of a single crystal of silicon. It is a key component used in the manufacturing of various electronic devices, particularly in the semiconductor industry. The growing demand for solar energy is one of the key factors driving the monocrystalline silicon wafer market. As more people and organizations try to reduce their carbon footprint and convert to more sustainable energy sources, the demand for solar energy is growing significantly. Solar panels frequently employ monocrystalline silicon wafers. These wafers are the most popular choice of material for solar cells because of how well they convert light into power. Concerns about climate change, energy security, and the growing expense of conventional energy sources are among some of the reasons influencing the demand for solar energy. Also, due to the widespread usage of monocrystalline silicon wafers in the manufacturing of electronic components like microchips, LEDs, and sensors, the growing demand for electronics is also fueling the expansion of the monocrystalline silicon wafer sector. With their high purity, great uniformity and superior electrical qualities, monocrystalline silicon wafers are frequently used in the manufacture of electronic devices.

Moreover, the rising demand for solar energy is anticipated to create a lucrative demand for the market during forecast period. According to International European Agency, there has been a rise in electricity generation by solar and wind energy. As in the year 2018, the total energy generated by wind and solar both stood at 1 thousand TWh which increases to 2 thousand TWh and 1.2 thousand TWh respectively in the year 2020 and it is expected to reach 5 thousand TWh by the year 2040. Additionally, adoption of industrial automation is anticipated to create lucrative opportunities for the market during forecast period. However, the high cost of Monocrystalline Silicon Wafer stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Monocrystalline Silicon Wafer Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key market players, and growing demand for solar energy in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as growing investment in solar energy projects, cohesive government initiatives and rising public and private investment in the region.

Major market players included in this report are:
Addison Engineering
Siltronic
SUMCO Corporation
LONGi New Energy
Shin-Etsu Chemical
Ming Hwei Energy
MCL Electronic Materials Co. Ltd.
Pure Wafer
GRINM Semiconductor Materials Co. Ltd
Comtec Solar

Recent Developments in the Market:
 In Jan. 2023, The local government of Shaanxi province and LONGi Green Energy Technology signed an investment agreement for the production of 50 GW and 100 GW monocrystalline cells, accordingly.

Global Monocrystalline Silicon Wafer Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Type, Sales Channel, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
4 Inch
6 Inch
8 Inch
12 Inch
Others
By Sales Channel:
Direct Channel
Indirect Channel
By Application:
Solar Energy
Semiconductor
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Companies Mentioned
Addison Engineering
Siltronic
SUMCO Corporation
LONGi New Energy
Shin-Etsu Chemical
Ming Hwei Energy
MCL Electronic Materials Co. Ltd.
Pure Wafer
GRINM Semiconductor Materials Co. Ltd
Comtec Solar

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.