Silicon Wafers Market Players 2017: Elkem AS, Addison Engineering, Renewable Energy Corp., Shin-Etsu Handotai, Siltronic, MEMC Electronic Materials, LG Siltron, Advance Semiconductor, SUMCO Corp

Elkem AS (Norway), Addison Engineering (CA), Renewable Energy Corporation (Norway), Shin-Etsu Handotai Co. Ltd. (Japan), Siltronic AG (Germany) MEMC Electronic Materials Inc.(California), LG Siltron Inc. (South Korea), Advance Semiconductor Inc.(U.S.), and SUMCO Corp.(Japan) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Silicon Wafers Market.

Silicon Wafers Global Market – Overview
The Global Silicon Wafers Market is growing with the rapid pace; mainly due to the booming electronic industry. According to a recent study report published by the Market Research Future, the global market of Silicon Wafers is booming and expected to gain prominence over the forecast period. The global Silicon Wafers market is expected to grow at CAGR of 8.5% and estimated to reach at market size of US ~$503 million by the end of forecast period.

Silicon wafer provides the data processing capabilities and are majorly used in integrated circuits. Integrated circuits are used in various devices like computers, smart phones, gaming devices and military weapons among others. The market has grown immensely attributed to the technological development and the advancement in the silicon wafers technology used in the electronic industry. Moreover, the growing demand for the solar energy will contribute to the growth of the solar panel and solar cells which in turn will upsurge the silicon wafer market as the silicon wafers are widely used in the manufacturing of the solar cells.

The global silicon wafer market size was USD 333 million in 2016 with as high as CAGR of 8.5% owing to the growing demand for the end-use industries including solar cell and consumer electronics. Increasing substitution of the virgin and test silicon wafers with reclaimed silicon wafers owing to low costs associated with the product are anticipated to propel demand. Moreover, the growing demand for the solar energy will contribute to the growth of the solar panel and solar cells which in turn will boost up the silicon wafer market as the silicon wafers are widely used in the manufacturing of the solar cells.

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Silicon Wafers Market – Overview – Segments
The Silicon wafers market has been segmented in to 3 dynamics for an enhanced understanding;
Segmentation by Size – Comprises - 150 mm, 200mm, 300mm, and 450mm.
Segmentation by Type – Comprises - N-Type and P-Type.
Segmentation by Application – Solar cells, Integrated Circuits, Photoelectric Cells, and Others.

Silicon Wafers Market – Synopsis
Silicon wafer provides the data processing capabilities and are majorly used in integrated circuits. Presently, 300mm diameter wafers are widely used by the semiconductor industry. It is also expected that over the next couple of years, the market will show some progress towards the 450mm diameter wafers. But major manufacturers present in the market are restraining to invest in the new technology. The main reason behind it is high manufacturing costs of semiconductor processing tools. In spite of the above challenges, major companies in the market are still working on 450mm wafers. Due to high cost of manufacturing process of the 450mm will restrict the small companies to implement this technology. In 2015, the 300mm silicon wafers segment dominated the market and accounting for about 60-65% of the market revenue due to high demand in the solar industry.

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Silicon Wafers Market – Regional Analysis
The Global Silicon Wafers market is estimated to grow at a promising rate in upcoming years. EMEA is the leading region among North America, and Asia-Pacific region. Asia-Pacific is the fastest growing region which is estimated to show high growth during forecast period. Increasing demand of advanced technological gadgets such as computers, laptops, and smartphones is the major growth drivers for silicon wafers market in Asia-Pacific region.

Countries such as China, U.S and Japan are some of the major leading countries in this market. China is said to have the one of the largest market for the electronics. Semiconductor makers of the china are still behind the international rivals. To support the market, china government is making the effort to promote its domestic technology market by funding to support the industry players. There are also some companies such as Lenovo and Huawei technologies are the largest manufacturer and supplier of the technology.

North America is expected to demonstrate the moderate growth due to the growing market of solar cell in the region.

European region will show the steady growth in the silicon wafers market as the automotive, electronic market which make use of the silicon wafers are already established in the region. The need for safe, reliable, and clean energy source in various countries is likely increase the demand for solar cell, which in turn helping the market of silicon wafers to develop.

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This release was published on openPR.