Epitaxial Wafer Market Analysis And Growth Rate to 2026 With Market Players

This report provides in-depth analysis of epitaxial wafer market size (US$ Mn), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year

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Epitaxy wafer acts as an interface between a thin film and a substrate. The growth of epitaxy wafer means the crystal growth being conducted on crystal of substrate and disposed in accordance with foundation of substrate crystal phase. The epitaxial layer can be deposited over another substrate in two ways: Homoepitaxy and Heteroepitaxy. Homoepitaxy is when a crystalline film is grown with the same material as the substrate. Heteroepitaxy is more common, and grows a crystalline film made of a different material than the substrate.

Market Dynamics

Increasing installation of solar panel across the globe is one of the factors driving growth of the market. This is owing to growing awareness among consumers about the advantages of using solar energy. For instance, according to Coherent Market Insights’ analysis, number of solar panel installed in 2015 was 50.7 gigawatt and it has reached up to 76.7 gigawatt in 2016, globally. These solar panels are equipped with cells that are created from silicon wafers as silicon wafer have semiconducting properties. The usage of silicon wafer in solar cells has led to increasing efficiency of solar panel, which means it generates more power per unit compared to conventional material that used in solar cells.

Market Driver:

Major factor driving growth of the epitaxial wafer market is increasing use of LED lighting across the globe and this is fueling demand for epitaxial wafer. For instance, according to Coherent Market Insights’ analysis, the rate of LED lighting penetration in 2015 was 15% and it has increased to 27% in 2016, globally. The factor attributed to growth of LED lighting is increasing demand for energy efficient lighting products that help in reducing consumption of electricity and this is a major factor for replacing conventional lighting products with LED lighting across residential, commercial, and industrial sectors. LED lights are mainly incorporated with number of ICs.

Key companies

Major players operating in the global epitaxial wafer market include EpiWorks Inc., Global Wafers Japan Co. Ltd., Nichia Corporation, SHOWA DENKO K.K., Siltronic AG, Desert Silicon Inc., Electronics and Materials Corporation Ltd. Intelligent Epitaxy Technology Inc.IQE plc. , Jenoptic AG, MOSPEC Semiconductor Corporation, Norstel AB, Ommic S.A., Silicon Valley Microelectronics Inc. ,SVT Associates Inc. Universal Wafer Inc., Wafer Works Corporation, Xiamen Powerway Advanced Materials Co. Ltd., and Visual Photonics Epitaxy Co. Ltd.

Detailed Segmentation:

Global Epitaxial Wafer Market, By Deposition Type:
◦ Heteroepitaxy
◦ Homeoepitaxy

Global Epitaxial Wafer Market, By Wafer Size:
◦ 50mm to 100mm
◦ 100mm to 150mm
◦ Above 150mm

Global Epitaxial Wafer Market, By Application:
◦ LED Semiconductor
◦ Power Semiconductor
◦ MEMS-based devices

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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.