Europe polysilicon market to garner substantial revenues through 2026: Global Market Insights, Inc

Global Market Insights, Inc., announces an ongoing comprehensive report on the "Polysilicon Market".

This report provides an exhaustive account of the industry including:
o Polysilicon market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026
o Major polysilicon industry trends, technology evolution, economic indicators and business challenges
o Regulatory and geopolitical trends impacting the industry
o Business drivers and pitfalls impacting key regional markets
o Competitive landscape of the industry and detailed profiles on the major companies

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Polysilicon, also called polycrystalline silicon or multi-crystalline silicon, is prominently used as a raw material in solar photovoltaic and electronics applications. It is estimated that semiconductor and solar PV industries consumes more than 80,000 metric tons of polysilicon per year. With the growing popularity of the material across these industries, manufacturers are looking to invest in research and development, innovate processes and cut operating costs in preparation for an imminent wave of new demand. Global polysilicon market size to slated to experience unprecedented growth in the near future.

The electronics industry is a leading end-user for polysilicon products. Polycrystalline silicon has long been used at the component level as the conducting gate material in MOSFET and CMOS circuitries. The product also finds wide application in VLSI manufacturing. Proliferation of smartphones, smart wearables and other portable electronic gadgets has resulted in rapid expansion of the electronics industry. Increased consumer disposable consumer income levels have supported the growth of electronics manufacturing in recent years.

With growing consumer attraction towards advanced electronics, manufacturers are implementing innovative technologies into smartphones and other gadgets. In May 2020, Samsung announced that its Galaxy Note 20+ model will feature a low temperature polysilicon oxide (LTPO) display. The display supports a variable refresh rates of 1 to 120 Hz. 120 Hz panels can directly impact battery life. A variable refresh rate allows the panel to lower the refresh rate when reading photos or viewing images, which is a vital battery saver.

Europe polysilicon industry share is expected to experience consistent growth in the near future. This can be associated with a positive outlook towards environmental sustainability and renewable energy. Stringent regulations to promote the adoption of renewable energy such as solar power will undeniably present ample opportunities to regional polysilicon suppliers. Looking to boost its sustainable energy efforts, Europe's total installed solar PV capacity increased to 121.6 GW in 2018, from just 17.1 GW in 2009, according to the International Renewable Energy Agency (IRENA).

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In response to the ongoing COVID-19 crises, European solar energy association SolarPower Europe announced plans to launch the Solar Manufacturing Accelerator platform in May 2020 to accelerate the deployment of solar PV production projects in Europe. This is also a critical move to reinforce the European Union's leadership in clean energy technologies and take a crucial step towards the reindustrialization of Europe.

Some of the leading polysilicon manufacturers mentioned in the report include DAQO New Energy Corporation, Hemlock Semiconductor Group, Tokuyama Corporation, Rec Silicon, LDK Solar Co. Ltd., SunEdison Inc., GCL-Poly, OIC Chemical, TBEA Co. Ltd, Wacker Chemie AG, Active Solar Energietechnik GmbH, and Woongjin Polysilicon Co. Ltd.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.