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The future of the solar silicon wafer market looks promising with opportunities in PV modules, inverters, solar cells, solar racking systems, and solar batteries. The global solar silicon wafer market is expected to grow with a CAGR of 10% to 12% from 2022 to 2027. The major drivers for this market are increasing capacity of solar power generation across the globe, stringent government regulations towards carbon emission, and growing development of large sized silicon wafers.
Siltronic AG, SK Siltron Co. Ltd., Shin-Etsu Handotai, SUMCO Corporation, and GlobalWafers Co. Ltd. are among the major solar silicon wafer manufacturers.
 
A more than 150 page report has been developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched, and other details of solar silicon wafer market report, download the report brochure.
 
Solar silicon wafer market trends and forecast by type, and application

solar silicon wafer market by segments
 
 
The study includes trends and forecast for the global solar silicon wafer market by type, application, and region as follows:
 
By Type [$M shipment analysis for 2016 – 2027]:
  • Monocrystalline Wafers
  • Polycrystalline Wafers 
By Application [$M shipment analysis for 2016 – 2027]:
  • PV Modules
  • Inverters
  • Solar Cells
  • Solar Racking Systems
  • Solar Batteries 
By Region [$M shipment analysis for 2016 – 2027]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
Lucintel forecasts that monocrystalline will remain the largest segment due to numerous features offered by monocrystalline solar silicon wafers, including higher performance, better energy conversion efficiency, and more. 
 
APAC will remain the largest region in the forecast period due to increasing government initiatives regarding acceleration of solar power generation in countries, such as India, China, and Japan. 
 
 
Features of Solar Silicon Wafer Market
 
  • Market Size Estimates: Solar silicon wafer market size estimation in terms of value ($M)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by type and application
  • Regional Analysis: Solar silicon wafer market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different types and applications, and regions for solar silicon wafer market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape in the solar silicon wafer market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
 
 
This report answers following 11 key questions
 
Q.1 What are some of the most promising potential, high-growth opportunities for the global solar silicon wafer market by type (monocrystalline wafers and polycrystalline wafers), application (PV modules, inverters, solar cells, solar racking systems, and solar batteries), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the solar silicon wafer market?
Q.5 What are the business risks and threats to the solar silicon wafer market?
Q.6 What are emerging trends in this solar silicon wafer market and the reasons behind them?
Q.7 What are some changing demands of customers in the solar silicon wafer market?
Q.8 What are the new developments in the solar silicon wafer market? Which companies are leading these developments?
Q.9 Who are the major players in the solar silicon wafer market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the solar silicon wafer market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the solar silicon wafer market?

Table of Contents
 
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
3.2: Global Solar Silicon Wafer Market Trends (2016-2021) and Forecast (2022-2027)
3.3: Global Solar Silicon Wafer Market by Type
3.3.1: Monocrystalline Wafers 
3.3.2: Polycrystalline Wafers 
3.4: Global Solar Silicon Wafer Market by Application
3.4.1: PV Modules
3.4.2: Inverters
3.4.3:  Solar Cells
3.4.4: Solar Racking Systems
3.4.5: Solar Batteries 
 
4. Market Trends and Forecast Analysis by Region from 2016 to 2027
4.1: Global Solar Silicon Wafer Market by Region
4.2: North American Solar Silicon Wafer Market
4.2.1: Market by Type
4.2.2: Market by Application 
4.3: European Solar Silicon Wafer Market
4.3.1: Market by Type
4.3.2: Market by Application 
4.3.3: German Solar Silicon Wafer Market
4.4: APAC Solar Silicon Wafer Market
4.4.1: Market by Type
4.4.2: Market by Application 
4.5: ROW Solar Silicon Wafer Market
4.5.1: Market by Type
4.5.2: Market by Application 
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Solar Silicon Wafer Market by Type
6.1.2: Growth Opportunities for the Global Solar Silicon Wafer Market by Application
6.1.3: Growth Opportunities for the Global Solar Silicon Wafer Market by Region 
6.2: Emerging Trends in the Global Solar Silicon Wafer Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Solar Silicon Wafer Market
6.3.3: Technology Development
6.3.4: Mergers and Acquisitions in the Global Solar Silicon Wafer Industry
 
7. Company Profiles of Leading Players
7.1: Siltronic AG
7.2: SK Siltron Co. Ltd
7.3: Shin-Etsu Handotai
7.4: SUMCO Corporation
7.5: GlobalWafers Co. Ltd
 
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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