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
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
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:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Monocrystalline Silicon Wafer Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Monocrystalline Silicon Wafer Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Monocrystalline Silicon Wafer Market, by Sales Channel, 2020-2030 (USD Billion)
- 1.2.4. Monocrystalline Silicon Wafer Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Monocrystalline Silicon Wafer Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Monocrystalline Silicon Wafer Market Dynamics
- 3.1. Monocrystalline Silicon Wafer Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growth in demand for solar energy
- 3.1.1.2. Increase in demand for electronics
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Monocrystalline Silicon Wafer
- 3.1.3. Market Opportunities
- 3.1.3.1. Adoption of industrial automation
Chapter 4. Global Monocrystalline Silicon Wafer Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Monocrystalline Silicon Wafer Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Monocrystalline Silicon Wafer Market by Type, Performance - Potential Analysis
- 5.3. Global Monocrystalline Silicon Wafer Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Monocrystalline Silicon Wafer Market, Sub Segment Analysis
- 5.4.1. 4 Inch
- 5.4.2. 6 Inch
- 5.4.3. 8 Inch
- 5.4.4. 12 Inch
- 5.4.5. Others
Chapter 6. Global Monocrystalline Silicon Wafer Market, by Sales Channel
- 6.1. Market Snapshot
- 6.2. Global Monocrystalline Silicon Wafer Market by Sales Channel, Performance - Potential Analysis
- 6.3. Global Monocrystalline Silicon Wafer Market Estimates & Forecasts by Sales Channel 2020-2030 (USD Billion)
- 6.4. Monocrystalline Silicon Wafer Market, Sub Segment Analysis
- 6.4.1. Direct Channel
- 6.4.2. Indirect Channel
Chapter 7. Global Monocrystalline Silicon Wafer Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Monocrystalline Silicon Wafer Market by Application, Performance - Potential Analysis
- 7.3. Global Monocrystalline Silicon Wafer Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Monocrystalline Silicon Wafer Market, Sub Segment Analysis
- 7.4.1. Solar Energy
- 7.4.2. Semiconductor
- 7.4.3. Others
Chapter 8. Global Monocrystalline Silicon Wafer Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Monocrystalline Silicon Wafer Market, Regional Market Snapshot
- 8.4. North America Monocrystalline Silicon Wafer Market
- 8.4.1. U.S. Monocrystalline Silicon Wafer Market
- 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Sales Channel breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Monocrystalline Silicon Wafer Market
- 8.5. Europe Monocrystalline Silicon Wafer Market Snapshot
- 8.5.1. U.K. Monocrystalline Silicon Wafer Market
- 8.5.2. Germany Monocrystalline Silicon Wafer Market
- 8.5.3. France Monocrystalline Silicon Wafer Market
- 8.5.4. Spain Monocrystalline Silicon Wafer Market
- 8.5.5. Italy Monocrystalline Silicon Wafer Market
- 8.5.6. Rest of Europe Monocrystalline Silicon Wafer Market
- 8.6. Asia-Pacific Monocrystalline Silicon Wafer Market Snapshot
- 8.6.1. China Monocrystalline Silicon Wafer Market
- 8.6.2. India Monocrystalline Silicon Wafer Market
- 8.6.3. Japan Monocrystalline Silicon Wafer Market
- 8.6.4. Australia Monocrystalline Silicon Wafer Market
- 8.6.5. South Korea Monocrystalline Silicon Wafer Market
- 8.6.6. Rest of Asia Pacific Monocrystalline Silicon Wafer Market
- 8.7. Latin America Monocrystalline Silicon Wafer Market Snapshot
- 8.7.1. Brazil Monocrystalline Silicon Wafer Market
- 8.7.2. Mexico Monocrystalline Silicon Wafer Market
- 8.8. Middle East & Africa Monocrystalline Silicon Wafer Market
- 8.8.1. Saudi Arabia Monocrystalline Silicon Wafer Market
- 8.8.2. South Africa Monocrystalline Silicon Wafer Market
- 8.8.3. Rest of Middle East & Africa Monocrystalline Silicon Wafer Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Addison Engineering
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Siltronic
- 9.3.3. SUMCO Corporation
- 9.3.4. LONGi New Energy
- 9.3.5. Shin-Etsu Chemical
- 9.3.6. Ming Hwei Energy
- 9.3.7. MCL Electronic Materials Co. Ltd.
- 9.3.8. Pure Wafer
- 9.3.9. GRINM Semiconductor Materials Co. Ltd
- 9.3.10. Comtec Solar
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption