Press release
Silicon Wafer Market Growth, Size, Latest Trends And Forecast To 2033
Silicon Wafer Market Growth
As per the report, the silicon wafer market size has grown strongly in recent years. It will grow from $17.03 billion in 2023 to $18.25 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The silicon wafer market size is expected to see strong growth in the next few years. It will grow to $24.20 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
Download Free Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16191&type=smp
Solar Panel Installation Surge Fuels Silicon Wafer Market Growth
A significant rise in the installation of solar panels is expected to propel the growth of the silicon wafer market going forward. Solar panels, also known as photovoltaic (PV) panels, refer to devices composed of multiple solar cells that convert sunlight directly into electricity. Solar panels produce renewable and sustainable energy sources, making them an attractive alternative to fossil fuels, which are finite and contribute to environmental pollution and climate change. Solar panels harness energy from sunlight using silicon wafers, efficiently converting solar radiation into electricity while contributing to sustainable energy practices and reducing dependence on fossil fuels. For instance, in April 2023, according to a report published by the National Renewable Energy Laboratory (NREL), a US-based research institution dedicated to advancing renewable energy and energy efficiency technologies, global photovoltaic (PV) installations reached 231 gigawatts of direct current (GWdc), totaling 1.2 terawatts of direct current (TWdc) cumulatively in 2022. China's annual PV installations surged by 57%, accounting for 42% of global demand, primarily driven by distributed PV, while annual installations are forecast to exceed 300 GW by 2023 and surpass 400 GW by 2025. Therefore, a significant rise in the installation of solar panels is driving the silicon wafer market.
Advancements In Silicon Wafer Technologies Drive Efficiency And Downsizing In Power Modules
Major companies operating in the silicon wafer market focus on developing more high-performance wafer technologies, such as silicon carbide single-crystal wafers, to meet the increasing demand for advanced semiconductor applications. Silicon carbide single-crystal wafers help improve the efficiency and compactness of power modules, contributing to advancements in energy efficiency and the downsizing of electronic devices. For instance, in March 2022, The Showa Denko Group, a Japan-based company that produces chemical products and industrial materials, launched mass production of 6-inch silicon carbide single crystal wafers (SiC wafers). These wafers are crucial for SiC epitaxial wafers and essential for SiC-based power semiconductors. SiC power semiconductors are renowned for their superior heat resistance and voltage endurance compared to their conventional silicon-based counterparts. They meet the escalating demand in diverse sectors such as EVs, railcars, and industrial machinery.
The silicon wafer market covered in this report is segmented -
1) By Type: N-Type, P-Type
2) By Wafer Size: 0-100 mm, 100-200 mm, 200- 300 mm, More Than 300 mm
3) By End User: Consumer Electronics, Automotive, Industrial, Telecommunications, Other End Users
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=16191&type=discount
Major companies operating in the silicon wafer market are International Business Machines Corporation (IBM), The Dow Chemical Company , Sumitomo Electric Industries Ltd., Applied Materials Inc., Komatsu Electronic Metals Co. Ltd., Shin-Etsu Chemical Co. Ltd., Texas Instruments Incorporated, Mitsubishi Materials Corporation, United Microelectronics Corporation (UMC), SUMCO Corporation, GlobalWafers Co. Ltd., Siltronic AG, SunEdison Inc., SOITEC SA, SunEdison Semiconductor Limited, Wafer Works Corporation, EV Group (EVG), Shinryo Corporation, Okmetic Oy, Topsil Semiconductor Materials A/S, MTI Corporation, NexWafe GmbH, MEMC Electronic Materials Inc., SK Siltron Co. Ltd., Silicon Materials Inc., Ultrasil Corporation
Contents of the report:
1. Executive Summary
2. Silicon Wafer Market Report Structure
3. Silicon Wafer Market Trends And Strategies
4. Silicon Wafer Market - Macro Economic Scenario
5. Silicon Wafer Market Size And Growth
…..
27. Silicon Wafer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @
https://www.thebusinessresearchcompany.com/report/silicon-wafer-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Silicon Wafer Market Growth, Size, Latest Trends And Forecast To 2033 here
News-ID: 3586010 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Wafer
Semiconductor Silicon Wafer Market Is Going to Boom |• Silicon Wafer • Globa …
Worldwide Market Reports has released a new in-depth research study on the "Semiconductor Silicon Wafer Market," highlighting strong growth potential in the coming years. The report delivers a structured and data-driven analysis of the market landscape, combining robust research methodology, market sizing, validated data modeling, and insights sourced from reliable primary and secondary channels.
The study thoroughly examines key market aspects, including growth drivers, restraints, challenges, emerging opportunities, technological advancements, innovation…
Semiconductor Wafer Electrostatic Chucks for 300mm Wafer Market Size, Trends & F …
Semiconductor Wafer Electrostatic Chucks for 300mm Wafer Market Size
The global Semiconductor Wafer Electrostatic Chucks for 300mm Wafer market is projected to grow from US$ 1227 million in 2024 to US$ 1672.7 million by 2030, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-38F13137/Global_Semiconductor_Wafer_Electrostatic_Chucks_for_300mm_Wafer_Market_Research_Report_2023?utm_source=openpr&utm_medium=referral
The US & Canada market for Semiconductor Wafer Electrostatic Chucks for 300mm Wafer is estimated to increase from $ million in…
Wafer Hybrid Bonding Equipment Market Share Driven by Wafer-to-Wafer Technology …
Wafer Hybrid Bonding Equipment Market Size
The global market for Wafer Hybrid Bonding Equipment was valued at US$ 164 million in the year 2024 and is projected to reach a revised size of US$ 756 million by 2031, growing at a CAGR of 24.7% during the forecast period.
View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-31W14822/Global_Wafer_Hybrid_Bonding_Equipment_Market_Insights_Forecast_to_2029
The Wafer Hybrid Bonding Equipment market is experiencing accelerated growth, driven by increasing demand for advanced semiconductor packaging technologies that enable higher…
Semiconductor Wafer Electrostatic Chucks for 300mm Wafer Market
Semiconductor Wafer Electrostatic Chucks for 300mm Wafer Market
The global Semiconductor Wafer Electrostatic Chucks for 300mm Wafer market was valued at US$ 1165 million in 2023 and is anticipated to reach US$ 1672.7 million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.
View Sample Report
https://reports.valuates.com/request/sample/QYRE-Auto-38F13137/Global_Semiconductor_Wafer_Electrostatic_Chucks_for_300mm_Wafer_Market_Research_Report_2023
Report Scope
The Semiconductor Wafer Electrostatic Chucks for 300mm Wafer market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue…
Automatic Mounter Wafer Equipment Market Report 2018: Segmentation by Type (100 …
Global Automatic Mounter Wafer Equipment market research report provides company profile for Lintec Corporation, Nitto Denko, Tokyo Electron, Technovision, Takatori, Ultron Systems, DISCO Corp., Syagrus Systems, Advanced Dicing Technologies, Longhill Industries and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for…
EMEA Solar Wafer Cutting Fluid PEG Market For Semiconductor, Solar Wafer, Crysta …
Latest industry research report on: EMEA (Europe, Middle East and Africa) Solar Wafer Cutting Fluid PEG Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Request For Sample Report @ https://www.marketresearchreports.biz/sample/sample/1194694
Geographically, this report split EMEA into Europe, the Middle East and Africa, With sales (K MT), revenue (Million USD), market share and growth rate of Solar Wafer Cutting Fluid PEG for these regions, from 2012 to…
