1 / 6

Solar Silicon Wafer Market is projected to witness a rapid boost by 2027

Solar Silicon Wafer Market is projected to witness a rapid boost by 2027

vinayakshinde
Download Presentation

Solar Silicon Wafer Market is projected to witness a rapid boost by 2027

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Solar Silicon Wafer Market – Growth Potential and Regional Outlook to 2027 • The solar silicon wafer market is anticipated to record expansive growth as to intensifying government concerns on tackling the negative impacts of greenhouse gas emissions. Regulations imposed by various governments organizations worldwide to lower global carbon footprint have instigated the adoption of renewable energy infrastructure, majorly solar energy, for electricity generation and energy conversion. • According to a report published by Global Market Insights, the market for solar silicon wafer is projected to surpass USD 20 billion by 2027. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Although, the COVID-19 pandemic has severely affected the growth of the solar silicon wafer industry. The pandemic has disturbed supply chains of polysilicon raw material for solar silicon wafer manufacturers globally. Businesses operating in this arena are highly dependent on China for procuring raw materials and components for manufacturing solar energy systems. • Highlighting an instance, in November 2019, the German federal government passed the new Climate Protection Law, which aims to reduce greenhouse gas emissions by 38% by 2030, compared to 2005 levels. This determined goal is projected to rise the penetration of solar power plants and solar farms in the European Union, driving the solar silicon wafers market growth over the forecast period. • Strict lockdowns imposed all over the world have impacted the import and export of such raw materials. As a solution, companies are establishing new production facilities in their countries and other regions for fixing the supply chain issues, creating new prospects for regional raw material suppliers over the forecast period. • In line with this, regional manufacturers are focusing on securing funding, investment, as well as are commencing expansion activities. For instance, Leading Edge Equipment Technologies, a single-crystal silicon wafer manufacturer, announced securing USD 7.6 million funding in a Series-A financing round. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/4966 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • The North America solar silicon wafer market is anticipated to clock a CAGR of 9% by 2027 owing to rising solar power plants being established in the U.S. According to Solar Energy Industries Association, U.S. solar energy producers installed 3.8 GW of solar capacity in the third quarter of 2020. With this, the total installed capacity in the U.S. reached around 88.9 GW in the third quarter of 2020. • Competitive Analysis • Some other key players functioning in the global solar silicon wafer market include JinkoSolar Holding Co., Ltd., Huantai Group, LONGi Green Energy Technology Co., Ltd., Jiangxi LDK Solar High-Tech Co., Ltd. GCL-Poly Energy Holdings Limited, Solargiga Energy Holdings Limited, and CETC Solar Energy Holdings Co., Ltd., among others. These companies are focusing on investing in R&D activities and developing innovative products for maintaining a competitive edge in the market. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Solar Silicon Wafer Market @ https://www.gminsights.com/industry-analysis/solar-silicon-wafer-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4966 Request for customization: https://www.gminsights.com/roc/4966 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

More Related