Silicon EPI Wafer Market is expected to reach US$ 4,997.32 Million by 2028 - Latest Analysis by The Insight Partners

According to our latest market study on "Silicon EPI Wafer Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Wafer Size (6 Inch, 8 Inch, 12 Inch, and Others), Application (LED, Power Semiconductor, and MEMS-based Device), End User (Consumer Electronics, Automotive, Healthcare, Aerospace and Defense, and Others), and Type (Heteroepitaxy and Homoepitaxy)," the market is expected to grow from US$ 3,008.57 million in 2022 to US$ 4,997.32 million by 2028; it is estimated to grow at a CAGR of 8.8% from 2022 to 2028.

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The silicon EPI wafer is an extraordinary semiconductor material combined with the epitaxial development that is a testimony of a crystalline layer over a semiconductor substrate based on crystalline, known as silicon EPI wafer. The EPI wafers are utilized to develop thick dopes as a high purity layer. An EPI wafer is used for microelectronics, photonics, photovoltaics, or spintronics in various applications such as LED, smartphones, laptops, gyroscopes, gaming consoles, and tablets.

The silicon EPI wafer advancements convey reliable and highly efficient electrical interconnect solutions for electronics. The silicon EPI wafer market holds extraordinary potential in the consumer electronics and telecommunication sectors. The rising usage of advanced wafer innovation in compact electronics drives the silicon EPI wafer market growth.

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According to reports by the US Energy Information Administration (EIA), despite supply chain bottlenecks, higher shipping costs, and rising critical commodity prices, the need for renewable energy installations reached new highs. In the first eight months of 2021, wind and solar capacity additions totaled 13.8 GW, up by 28% over the same period in 2020. Many cities, states, and utilities in the US have set high energy targets by raising renewable portfolio standards and mandating energy storage purchases. Simultaneously, governments' goal of fully decarbonizing North American economies is encouraging activities in the renewable energy industry, and most governments are launching new solar energy-based mega projects. Solar cells, made from silicon EPI wafers, are employed to convert solar energy into electric energy. Thus, new government programs and advancements in the energy sector are driving the demand for silicon EPI wafers in North American countries.

The List of Companies - Silicon EPI Wafer Market

1. Applied Materials, Inc.
2. II-VI Incorporated
3. Shin-Etsu Chemical Co., Ltd.
4. SUMCO Corporation
5. Wafer World Inc.
6. Siltronic AG
7. Nichia Corporation
8. GlobalWafers Japan Co., Ltd.
9. EpiGaN nv (Soitec Belgium N.V.)
10. SK Siltron Co., Ltd.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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