China is the largest consumer and manufacturing hub for solar silicon wafers. Many of the major players operating in the solar silicon market are based in China. This has seen Asia Pacific region dominate the global solar silicon wafer market with increased installations and with government initiatives to support the growth.
The global solar silicon wafer market has now been spread into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. China is the largest consumer and manufacturing hub for solar silicon wafers. Many of the major players operating in the solar silicon market are based in China.
The major market driver for the global solar silicon wafer market is the increasing demand for clean energy around the world, which has seen a rise in the number of solar installations. Also, the support from governments of various countries for the installation of solar has boosted the global solar silicon wafer market.
Similarly, the steps to reduce carbon footprints have seen the USA dominate the solar silicon wafer market in the North America region. The Middle East & Africa and Latin America regions will also have a lucrative growth rate in the solar silicon wafer market with energy trend shifting towards renewables.
On the type of manufacturing process of the solar silicon wafer, the global market can be segmented into a single-crystal silicon wafer and the polycrystalline silicon wafer. The higher efficiency of the single crystal silicon wafer is the primary factor which will see single crystal silicon wafer hold a more significant market share.
Silicon wafers are the key component of solar panels. Fraunhofer ISE is finding ways of making them faster and cheaper.