Press release
How Solar Ingot Wafer Market Will Dominate In Coming Years? Key Players: GCL Solar Energy, Inc., NorSun, Lanco Solar International Ltd, LDK Solar Energy Europe, Yingli Solar, ReneSola Ltd., LONGi Solar, Green Energy Technology, Trina Solar, Comtec Solar S
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As per the current solar ingot wafer market trends, the monocrystalline wafer segment based on type is prognosticated to witness high solar ingot wafer market share. This is owing to the rising adoption of monocrystalline, further attributed to their high efficiency.
Some of the key solar ingot wafer market manufacturers include:
• UniversityWafer
• Green Energy Technology
• Lanco Solar International Ltd
• NorSun
• CETC Solar Energy Holdings Co. Ltd.
• Comtec Solar Systems Group Ltd
• JA Solar
• Yingli Solar
• ENF Solar
• Jinko Solar Co., Ltd.
• ReneSola Ltd.
• Wuxi Suntech Power Co., Ltd.
• LDK Solar Energy Europe
• Targray
• LONGi Solar
• Trina Solar
• GCL Solar Energy, Inc.
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Highlights of the Report:
• A 360-degree overview of the solar ingot wafer market
• Important factors propelling, obstructing, and challenging the market.
• Key insights and future opportunities of the future market
• Major industrial developments till date and their impacts
• List of significant market players and the strategies adopted by them
• Other solar ingot wafer market trends
Increasing Demand from Automobile Sector to Promote Market Growth
An important factor boosting the solar ingot wafer market growth is the increasing demand for green energy on a worldwide basis. The rise in the level of pollution and steps taken by various governments to control greenhouse gases have promoted the use of clean and green energy for consumption. This has further boosted the demand for solar power. The rise in the adoption of solar power is further anticipated to help increase the overall solar ingot wafer market size in the forecast period.
On the contrary, since solar ingot wafers have minimal thickness, therefore, it required special techniques to safeguard quality manufacturing. Thus, the installation and precise process used for manufacturing solar ingot wafers become rather expensive. This may negatively impact the overall solar ingot wafer market revenue in the coming years.
Nevertheless, the demand for solar ingot wafers is increasing from the automobile sector. This is because solar ingot wafers are used in solar-powered cars these days. Thus, the demand for solar ingot wafers from the automobile sector is also anticipated to create lucrative solar ingot wafer market growth opportunities in the near future.
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Some of the key industry developments in the solar ingot wafer market include:
August 2020 – A three-year contract was signed between Longi Green Energy Technology and Polyingot producer Daqo for supplying 112,800 tonnes of ultra-high-purity polyingot. This three-year supply will be bifurcated into 38,400 tonnes in 2020 and 2021 and 36,000 tonnes in 2020.
August 2020 – A deal with Pocatello Development Authority for the former Hoku site was closed by Solargise in August this year. The Hoku site is likely to create an opportunity for Solargise to produce ingots and wafers in Pocatello. This will help to complete the construction of solar panels in Canada.
Asia Pacific to Emerge Dominant on Account of Rapidly Developing Automobile Industry
Geographically, the global solar ingot wafer market is categorized into five major regions namely North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Among these, the highest solar ingot wafer market share is bagged by Asia Pacific on account of the surging demand for energy and the rapid development of solar-powered automobile industries in the developing nations. China emerges as the dominant country in this region along with other nations. On the other hand, the Europe market is likely to witness significant growth owing to the rapid switching of energy sources towards solar power. Spain, Italy and Germany are major contributors to this region. Besides this, the North America solar ingot wafer market share will mostly be contributed from its dominating nation namely the U.S.
Collaborative Efforts and Contracts Will Help Players Gain Competitive Edge
Major solar ingot wafer market manufacturers are emphasizing on producing more solar ingots for constructing solar panels. Besides this, players are also focusing on getting into company collaborations, contracts, and mergers and acquisitions. This will help the vendors multiply the solar ingot wafer market revenues on the one hand and compete with other players for the top position on the other.
Key Segmental Overview:
• By Type
• By Geography
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Regional Analysis:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Major Table of Content For Solar Ingot Wafer Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Solar Ingot Wafer Market Analysis, Insights and Forecast, 2026
6. North America Solar Ingot Wafer Market Analysis, Insights and Forecast, 2026
7. Europe Solar Ingot Wafer Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Solar Ingot Wafer Market Analysis, Insights and Forecast, 2026
9. Middle East and Africa Solar Ingot Wafer Market Analysis, Insights and Forecast, 2026
10. Latin America Solar Ingot Wafer Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion
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