Press release
Solar Silicon Wafer Market 2027 – Drivers, Restraint & Future Growth | LONGi Green Energy Technology, JinkoSolar Holding, CETC Solar Energy Holdings
solar silicon wafer market is demanding for solar silicon wafers will observe significant inclination in the coming years with the rise in the number of government regulations to curb greenhouse gas emissions. This has led to the increasing adoption of renewable energy resources, particularly solar energy to achieve electricity generation and energy conversion.
Citing the same with an instance, the Federal Government of Germany passed the new Climate Protection Law in 2019 in a bid to mitigate emissions of greenhouse gas by 38% through 2030, compared to the discharge levels in 2005. This will result in higher penetration of solar power plants and farms across the European Union.
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Top Key Players Are : LONGi Green Energy Technology Co., Ltd., JinkoSolar Holding Co., Ltd., GCL-Poly Energy Holdings Limited, Solargiga Energy Holdings Limited, Huantai Group, CETC Solar Energy Holdings Co., Ltd., Jiangxi LDK Solar High-Tech Co., Ltd., among others
Although, the COVID-19 pandemic has severely affected the growth of the solar silicon wafer market. The pandemic has disturbed supply chains of polysilicon raw material for solar silicon wafer manufacturers globally. Businesses operating in this arena are highly dependent on China for procuring raw materials and components for manufacturing solar energy systems.
Strict lockdowns imposed all over the world have impacted the import and export of such raw materials. As a solution, companies are establishing new production facilities in their countries and other regions for fixing the supply chain issues, creating new prospects for regional raw material suppliers over the forecast period.
The North America solar silicon wafer market is anticipated to clock a CAGR of 9% by 2027 owing to rising solar power plants being established in the U.S. According to Solar Energy Industries Association, U.S. solar energy producers installed 3.8 GW of solar capacity in the third quarter of 2020. With this, the total installed capacity in the U.S. reached around 88.9 GW in the third quarter of 2020.
In line with this, regional manufacturers are focusing on securing funding, investment, as well as are commencing expansion activities. For instance, Leading Edge Equipment Technologies, a single-crystal silicon wafer manufacturer, announced securing USD 7.6 million funding in a Series-A financing round.
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Table Of Content:
Chapter 5 Solar Silicon Wafer Market, By Type
5.1 Key trends by type
5.2 Monocrystalline wafer
5.2.1 Market estimates and forecasts, 2016 – 2027
5.3 Polycrystalline wafer
5.3.1 Market estimates and forecasts, 2016 – 2027
Chapter 6 Solar Silicon Wafer Market, By Application
6.1 Key trends by application
6.2 PV modules
6.2.1 Market estimates and forecasts, 2016 – 2027
6.3 Inverter
6.3.1 Market estimates and forecasts, 2016 – 2027
6.4 Solar cell
6.4.1 Market estimates and forecasts, 2016 – 2027
6.5 Solar racking systems
6.5.1 Market estimates and forecasts, 2016 – 2027
6.6 Solar battery
6.6.1 Market estimates and forecasts, 2016 – 2027
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/solar-silicon-wafer-market
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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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.
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