Monocrystalline Silicon Wafer Market Worth $20.1 Billion by 2032 | LONGi Green Energy Technology, Siltronic AG, Pure Wafer, SUMCO Corp, and Shin-Etsu Chemical

Drivers, Restraints, and Opportunities-

The market for monocrystalline silicon wafers is driven by the global increase in demand for electronics and solar energy. On the other hand, trade disputes, tariffs, and restrictions on the export of specific materials are a few factors that have an impact on the monocrystalline silicon wafer market. These factors have disrupted supply chains and increased costs for producers, restraining growth to some extent. Moreover, the upsurge in the adoption of industrial automation creates lucrative opportunities for the monocrystalline silicon wafer market.

According to the report, the global monocrystalline silicon wafer industry generated $10.9 billion in 2022 and is anticipated to generate $20.1 billion by 2032, witnessing a CAGR of 6.4% from 2023 to 2032. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario.

Get Research Sample with Latest Industry Insights: https://www.alliedmarketresearch.com/request-sample/75040

The 6-inch segment to maintain its dominance by 2032-

By type, the 6-inch segment held the largest share in 2022, garnering nearly one-third of the global monocrystalline silicon wafer market revenue, and is projected to maintain its dominance by 2032. This is due to the fact that a 6-inch wafer is a thin slice of semiconductor material, usually silicon, with a diameter of 150 mm (5.9 inches) and a thickness of 675 µm. These wafers are widely used in the semiconductor industry as substrates for the fabrication of electronic devices, such as integrated circuits, microprocessors, and memory chips.

The direct channel segment to maintain its leadership status throughout the forecast period-

By sales channel, the direct channel segment contributed to more than 90% of the global monocrystalline silicon wafer market share in 2022 and is estimated to maintain its leadership status throughout the forecast period. The growth is attributed to direct channel sales, which are those sold by monocrystalline silicon wafer manufacturers directly to consumers without the assistance of distributors, online sales platforms, etc. These initiatives have paid off, and their success is a key factor in the prosperity of businesses operating in the monocrystalline silicon wafer market.

Want to Access the Statistical Data & Graphs, and Key Players' Strategies: https://www.alliedmarketresearch.com/monocrystalline-silicon-wafer-market/purchase-options

Asia-Pacific to garner the major share by 2032-

By region, Asia-Pacific held the major share in 2022, garnering more than two-fifths of the global monocrystalline silicon wafer market revenue, and is expected to dominate by 2032. Simultaneously, the same segment would also portray the fastest CAGR of 7.44% from 2023 to 2032. This is because the countries in the region are trying to become major manufacturing centers. Furthermore, the expanding electronic sector and rising demand for renewable energy sources contribute to the growth in the region.

Leading Market Players-

Addison Engineering
LONGi New Energy
GRINM Semiconductor Materials Co. Ltd.
Comtec Solar
Siltronic
Shin-Etsu Chemical
Pure Wafer
MCL Electronic Materials Co. Ltd.
Ming Hwei Energy
SUMCO Corporation

The report provides a detailed analysis of these key players in the global monocrystalline silicon wafer market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others, to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting the business performance, operating segments, product portfolio, and strategic moves of the market players.

Source: https://www.alliedmarketresearch.com/monocrystalline-silicon-wafer-market-A74556

Contact:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.