Global Solar Photovoltaic (PV) Wafer Market Size, Share, Trends, Technology, Growth Opportunity And Forecast 2018-2027

The solar photovoltaic cells are devices used to convert electrical energy into light energy by the photovoltaic effect. The solar photovoltaic wafer is primarily used to create photovoltaic cells. These wafers are made of crystalline silicon cells. The wafer is exposed to high temperature and contains phosphorous oxychloride. The wafer at the top of the solar cells is coated with anti-reflective coatings made of silicon nitride which is used to increase the light absorption capacity by decreasing the reflection. The solar photovoltaic wafer offers durability in comparison to other substitutes accessible in the market.

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Market Size and Forecast

The global solar photovoltaic wafer market is anticipated to expand at a significant CAGR during 2018-2027. It is projected to reach significant market size by 2027. The increasing demand for the electricity coupled with the rising demand for the renewable energy sources worldwide is anticipated to increase the market growth of the solar photovoltaic wafer market globally throughout the forecast period. The global solar photovoltaic wafer market can be segmented on the basis of material type and region. On the basis of material type, it is sub-segmented into monocrystalline wafer and multicrystalline wafer. Multicrystalline wafer is anticipated to be the fastest growing sub-segment on the account of increasing usage in producing high quantity of electricity. Additionally, the increasing demand for the electricity across the globe is another factor for the rising demand for the multicrystalline solar wafer during the forecast period.

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By region, global solar photovoltaic wafer market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is expected to lead the global solar photovoltaic wafer market on the account of availability of highly developed technology to produce electricity and energy. Europe is anticipated to follow North America in terms of energy generation. The rapid industrialization in the region is increasing the demand for the clean energy methods for energy generation. Asia-Pacific is anticipated to be the fastest developing region for the global solar photovoltaic wafer market over the forecast period. This is attributed to the fact of high presence of companies offering the solar photovoltaic wafer in the region.

Leading Players

Renewable Energy Corporation (REC)
Targray Technology International Inc
Lanco Solar
LDK Solar
MEMC Electronic Materials, Inc.
Solarworld,
Nexolon Co., Ltd.
Green Energy Technology
Sino-American Silicon Products Inc. (SAS)
GCL-Poly Energy Holdings Limited
Zhonghuan Semiconductor Corporation
Renesola
Comtec Solar

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The major highlights of the market study include:

The growth opportunities as well as challenges faced by the industry players are discussed in detail in the report.

A number of visually appealing graphs and tables are used in the report which make it easy to comprehend and assess the data and statistics.
Financials of the key players in the industry are analyzed including the overall revenue, profit margins, sales and production cost. The analytical tools such as Porter’s five forces analysis and value chain analysis are used as well in order to give the clients an idea of the various business strategies adopted by the market leaders.

The segmentation of the market is done on the basis of Product Type, Regions, Top Key Players, and Applications. The Solar Photovoltaic Wafer Market study offers the market size, share and growth rate of each segment accompanied by a detailed analysis of the segment holding the largest market share.

The data collection for this report is done through both primary and secondary research methodologies in order to ensure accurate statistics.

For the geographical analysis, this report covers various regions which consist of:
North America (U.S. & Canada)
Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa)
The exhaustive study of Solar Photovoltaic Wafer Market in the stated regions evaluates the present status of the industry along with consumption ratios and the target consumer base. Further, the Y-o-Y growth (%) and revenue (in USD Million) are mentioned for each segment in the report along with the factors driving the market growth.

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Original Source:
https://www.marketwatch.com/press-release/global-solar-photovoltaic-pv-wafer-market-size-share-trends-technology-growth-opportunity-and-forecast-2018-2027-2019-11-01

This release was published on openPR.