Currently silicon wafers Market has been growing with the very high CAGR of 8.5% and has been valued at US $333 million in 2016. It is expected that Global silicon wafers Market will reach the market size of US $503 million by the end of forecasted period 2022
Pune, India -- (SBWIRE) -- 09/18/2017 -- Silicon Wafers Market Synopsis & Scenario
The global silicon wafer market size was USD 333 million in 2016 with as high as CAGR of 8.5% and is expected to witness a significant growth of USD 503 million over the forecast period owing to growing demand for the end-use industries including solar cell and consumer electronics. Increasing substitution of the virgin and test silicon wafers with reclaimed silicon wafers owing to low costs associated with the product are anticipated to propel demand.
Silicon Wafers Market Segments:
The Silicon Wafers Market has been segmented in to 3 dynamics for an enhanced understanding;
Segmentation By Size - Comprises - 150 mm, 200mm, 300mm, and 450mm.
Segmentation By Type – Comprises - N-Type and P-Type.
Segmentation By Application - Solar cells, Integrated Circuits, Photoelectric Cells, and Others.
Silicon Wafers Market Players:
Silicon Wafers market is categorized by continuous capacity expansions in order to cater to the increasing end user demand for electronics and solar cell manufacturing industry.
The major players operating in the market of Silicon wafers are –
- Elkem AS (Norway)
- Addison Engineering (CA)
- Renewable Energy Corporation (Norway)
- Shin-Etsu Handotai Co. Ltd. (Japan)
- Siltronic AG (Germany)
- MEMC Electronic Materials Inc.(California)
- LG Siltron Inc.( South Korea)
- Advance Semiconductor Inc.(U.S.)
- SUMCO Corp.(Japan)
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Silicon Wafers Market Overview
Silicon wafer provides the data processing capabilities and are majorly used in integrated circuits. Integrated circuits are used in various devices like computers, smart phones, gaming devices and military weapons among others. In the recent times market has grown immensely and the reason behind it is technological development and the advancement in the silicon wafers technology used in the electronic industry. Moreover, the growing demand for the solar energy will contribute to the growth of the solar panel and solar cells which in turn will boost up the silicon wafer market as the silicon wafers are widely used in the manufacturing of the solar cells.
According to the recent Market Study Report "Global Silicon Wafers Market" published by the Market Research Future; the Silicon wafer market has been growing with the very high CAGR of 8.5% and has been valued at US $333 million in 2016. It is expected that Global silicon wafers Market will reach the market size of US $503 million by the end of forecasted period 2022.
As per the trend, 300mm silicon wafers have captured the market of the silicon wafers as it is widely used by the semiconductor industry however the major players have restricted their investments in new technology i.e. 450mm wafers, due to its high manufacturing costs of processing and lower expected returns on investments. Moreover, silicon wafers also has the growing demand in electronic industry due to its flexible and small size, high reliability, low weight, and low power consumption, states the MRFR team Research Analysts while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 110 pages.
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Silicon Wafers Market Regional Analysis
Asia pacific market is expected to dominate the market of silicon wafers. Emerging countries like China, India and Japan is expected to dominate the region. The rising disposable income of the consumers, funding from government with growing demand for the electronic product by one of the largest population of the region is boosting the silicon wafer market in the region.
North America is expected to show the moderate growth due to the growing market of solar cell in the region.
European region will show the steady growth in the silicon wafers market as the automotive, electronic market which make use of the silicon wafers are already established in the region. The need for safe, reliable, and clean energy source in various countries is likely increase the demand for solar cell, which in turn helping the market of silicon wafers to develop.
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