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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1389203

PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1389203

Global Solar Ingot Wafer Market Size study & Forecast, by Type by Application, by Manufacturing Process, by Wafer Size by End-User and Regional Analysis, 2023-2030

PUBLISHED: October 30, 2023

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Global Solar Ingot Wafer Market is valued approximately USD 33.22 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13.1% over the forecast period 2023-2030. A solar ingot wafer, also known as a photovoltaic (PV) wafer, is a key component used in the manufacturing of solar cells and solar panels. It is a thin, flat piece of crystalline silicon material that serves as the substrate for the construction of solar cells. A solar ingot wafer is a key component in the production of solar cells and photovoltaic modules. It is a thin, disc-shaped slice of silicon that serves as the building block for solar cells. The Solar Ingot Wafer market is expanding because of factors such as rising demand for clean energy worldwide, rising installation of solar panels across the world.

Global energy demand is growing worldwide owing to increasing population and economic growth. As per IEA, global electricity demand reached 24,700 TWh in 2021, a 6% year-on-year increase, according to the International Energy Agency (IEA) Renewable 2021 Market Report, it is anticipated that renewables would contribute nearly 95% of the growth in global power capacity by 2026, with solar PV accounting for more than half of capacity. Furthermore, according to International Energy Agency, Power generation from solar PV increased by a record 270 TWh in 2022, up by 26% on 2021. Solar PV accounted for 4.5% of total global electricity generation, thus rising demand and adoption of clean energy is driving the market growth. In addition, Rise in Focus on developing kerfless wafers and government incentives and policies is creating new opportunities to the market growth. However, the high cost of solar ingot wafer and complex manufacturing process stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Solar Ingot Wafer Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors such as such is increasing investment and acceptance of renewable energy sources for the generation of power in the area, as well as rising government support for solar renewable energy projects. Asia Pacific is anticipated to have considerable growth over the course of the forecast period due to factors like expanding residential and industrial sectors, growing demand for green energy sources, regional expansion of major players, and active participation of nonprofit and governmental organizations in the market.

Major market player included in this report are:

Shin-Etsu Chemical Co., Ltd
CETC Solar Energy Holdings Co., Ltd.
DCH Group
KONKA SOLAR Cell Co., Ltd
Sumco Corporation
Siltronic AG
GlobalWafers
JA SOLAR Technology Co., Ltd
Okmetic
LDK Solar Technology Co., Ltd

Recent Developments in the Market:

In December 2022, Adani Solar released the nation's first sizable monocrystalline silicon ingot. The monocrystalline ingots will boost indigenization by increasing the efficiency of silicon-based PV modules from 21% to 24%. Although early manufacturing has already begun, the company intends to boost its ingot and wafer capacity by 2 GW by the end of 2023.
In December 2022, CubicPV announced the building of 10-GW wafer facility, which it claims would be the biggest of its kind in the United States. According to CubicPV, the design is in progress, and a construction manager is on board. A firm representative declined to provide the team members' names or the price.

Global Solar Ingot 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, Application, Manufacturing Process, Wafer Size, End-User, 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:

Monocrystalline
Polycrystalline

By Application:

Mono Solar Cell
Multi Solar Cell
BIPV
Others

By Manufacturing Process:

Czochralski
Float Zone
Bridgman

By Wafer Size:

125mm x 125mm
156mm x 156mm
210mm x 210mm
Others

By End-user:

Residential
Commercial
Industrial
Utilities

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Solar Ingot Wafer Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Solar Ingot Wafer Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Solar Ingot Wafer Market, by Application, 2020-2030 (USD Billion)
- 1.2.4. Solar Ingot Wafer Market, by Manufacturing Process, 2020-2030 (USD Billion)
- 1.2.5. Solar Ingot Wafer Market, by Wafer Size, 2020-2030 (USD Billion)
- 1.2.6. Solar Ingot Wafer Market, by End-User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Solar Ingot 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 Solar Ingot Wafer Market Dynamics

3.1. Solar Ingot Wafer Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising demand for clean energy worldwide
  - 3.1.1.2. Rising installation of solar panels across the world.
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Solar Ingot Wafer
  - 3.1.2.2. Complexity in manufacturing process
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rise in Focus on developing kerfless wafers
  - 3.1.3.2. Government incentives and policies for renewable energy projects

Chapter 4. Global Solar Ingot 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 Solar Ingot Wafer Market, by Type

5.1. Market Snapshot
5.2. Global Solar Ingot Wafer Market by Type, Performance - Potential Analysis
5.3. Global Solar Ingot Wafer Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Solar Ingot Wafer Market, Sub Segment Analysis
- 5.4.1. Monocrystalline
- 5.4.2. Polycrystalline

Chapter 6. Global Solar Ingot Wafer Market, by Application

6.1. Market Snapshot
6.2. Global Solar Ingot Wafer Market by Application, Performance - Potential Analysis
6.3. Global Solar Ingot Wafer Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Solar Ingot Wafer Market, Sub Segment Analysis
- 6.4.1. Mono Solar Cell
- 6.4.2. Multi Solar Cell
- 6.4.3. BIPV
- 6.4.4. Others

Chapter 7. Global Solar Ingot Wafer Market, by Manufacturing Process

7.1. Market Snapshot
7.2. Global Solar Ingot Wafer Market by Manufacturing Process, Performance - Potential Analysis
7.3. Global Solar Ingot Wafer Market Estimates & Forecasts by Manufacturing Process 2020-2030 (USD Billion)
7.4. Solar Ingot Wafer Market, Sub Segment Analysis
- 7.4.1. Czochralski
- 7.4.2. Float Zone
- 7.4.3. Bridgman

Chapter 8. Global Solar Ingot Wafer Market, by Wafer Size

8.1. Market Snapshot
8.2. Global Solar Ingot Wafer Market by Wafer Size, Performance - Potential Analysis
8.3. Global Solar Ingot Wafer Market Estimates & Forecasts by Wafer Size 2020-2030 (USD Billion)
8.4. Solar Ingot Wafer Market, Sub Segment Analysis
- 8.4.1. 125mm x 125mm
- 8.4.2. 156mm x 156mm
- 8.4.3. 210mm x 210mm
- 8.4.4. Others

Chapter 9. Global Solar Ingot Wafer Market, by End-User

9.1. Market Snapshot
9.2. Global Solar Ingot Wafer Market by End-User, Performance - Potential Analysis
9.3. Global Solar Ingot Wafer Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
9.4. Solar Ingot Wafer Market, Sub Segment Analysis
- 9.4.1. Residential
- 9.4.2. Commercial
- 9.4.3. Industrial
- 9.4.4. Utilities

Chapter 10. Global Solar Ingot Wafer Market, Regional Analysis

10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Solar Ingot Wafer Market, Regional Market Snapshot
10.4. North America Solar Ingot Wafer Market
- 10.4.1. U.S. Solar Ingot Wafer Market
  - 10.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 10.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  - 10.4.1.3. Manufacturing Process breakdown estimates & forecasts, 2020-2030
  - 10.4.1.4. Wafer Size breakdown estimates & forecasts, 2020-2030
  - 10.4.1.5. End-User breakdown estimates & forecasts, 2020-2030
- 10.4.2. Canada Solar Ingot Wafer Market
10.5. Europe Solar Ingot Wafer Market Snapshot
- 10.5.1. U.K. Solar Ingot Wafer Market
- 10.5.2. Germany Solar Ingot Wafer Market
- 10.5.3. France Solar Ingot Wafer Market
- 10.5.4. Spain Solar Ingot Wafer Market
- 10.5.5. Italy Solar Ingot Wafer Market
- 10.5.6. Rest of Europe Solar Ingot Wafer Market
10.6. Asia-Pacific Solar Ingot Wafer Market Snapshot
- 10.6.1. China Solar Ingot Wafer Market
- 10.6.2. India Solar Ingot Wafer Market
- 10.6.3. Japan Solar Ingot Wafer Market
- 10.6.4. Australia Solar Ingot Wafer Market
- 10.6.5. South Korea Solar Ingot Wafer Market
- 10.6.6. Rest of Asia Pacific Solar Ingot Wafer Market
10.7. Latin America Solar Ingot Wafer Market Snapshot
- 10.7.1. Brazil Solar Ingot Wafer Market
- 10.7.2. Mexico Solar Ingot Wafer Market
10.8. Middle East & Africa Solar Ingot Wafer Market
- 10.8.1. Saudi Arabia Solar Ingot Wafer Market
- 10.8.2. South Africa Solar Ingot Wafer Market
- 10.8.3. Rest of Middle East & Africa Solar Ingot Wafer Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Company 1
- 11.1.2. Company 2
- 11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Shin-Etsu Chemical Co., Ltd
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Recent Developments
- 11.3.2. CETC Solar Energy Holdings Co., Ltd.
- 11.3.3. DCH Group
- 11.3.4. KONKA SOLAR Cell Co., Ltd
- 11.3.5. Sumco Corporation
- 11.3.6. Siltronic AG
- 11.3.7. GlobalWafers
- 11.3.8. JA SOLAR Technology Co., Ltd
- 11.3.9. Okmetic
- 11.3.10. LDK Solar Technology Co., Ltd

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Solar Ingot Wafer Market, report scope
TABLE 2. Global Solar Ingot Wafer Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Solar Ingot Wafer Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Solar Ingot Wafer Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Solar Ingot Wafer Market estimates & forecasts by Manufacturing Process 2020-2030 (USD Billion)
TABLE 6. Global Solar Ingot Wafer Market estimates & forecasts by Wafer Size 2020-2030 (USD Billion)
TABLE 7. Global Solar Ingot Wafer Market estimates & forecasts by End-User 2020-2030 (USD Billion)
TABLE 8. Global Solar Ingot Wafer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Solar Ingot Wafer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Solar Ingot Wafer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Solar Ingot Wafer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Solar Ingot Wafer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Solar Ingot Wafer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Solar Ingot Wafer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Solar Ingot Wafer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Solar Ingot Wafer Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. Global Solar Ingot Wafer Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. U.S. Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. U.S. Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. Canada Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. Canada Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. UK Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. UK Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. Germany Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. Germany Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. France Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. France Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Italy Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Italy Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. Spain Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. Spain Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. RoE Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. RoE Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. China Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. China Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. India Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. India Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. Japan Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. Japan Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. South Korea Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. South Korea Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. Australia Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. Australia Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. RoAPAC Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. RoAPAC Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Brazil Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Brazil Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. Mexico Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. Mexico Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. RoLA Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoLA Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. Saudi Arabia Solar Ingot Wafer Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 70. South Africa Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. RoMEA Solar Ingot Wafer Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 72. List of secondary sources, used in the study of global Solar Ingot Wafer Market
TABLE 73. List of primary sources, used in the study of global Solar Ingot Wafer Market
TABLE 74. Years considered for the study
TABLE 75. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Solar Ingot Wafer Market, research methodology
FIG 2. Global Solar Ingot Wafer Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Solar Ingot Wafer Market, key trends 2022
FIG 5. Global Solar Ingot Wafer Market, growth prospects 2023-2030
FIG 6. Global Solar Ingot Wafer Market, porters 5 force model
FIG 7. Global Solar Ingot Wafer Market, pest analysis
FIG 8. Global Solar Ingot Wafer Market, value chain analysis
FIG 9. Global Solar Ingot Wafer Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Solar Ingot Wafer Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Solar Ingot Wafer Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Solar Ingot Wafer Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Solar Ingot Wafer Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Solar Ingot Wafer Market, regional snapshot 2020 & 2030
FIG 15. North America Solar Ingot Wafer Market 2020 & 2030 (USD Billion)
FIG 16. Europe Solar Ingot Wafer Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Solar Ingot Wafer Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Solar Ingot Wafer Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Solar Ingot Wafer Market 2020 & 2030 (USD Billion)