11-14-2017 06:58 PM CET - Business, Economy, Finances, Banking & Insurance

Silicon Wafers Market Is Expected To Grow At A CAGR Of 8.5% By 2022

Press release from: Market Research Future
Silicon Wafers Market
Silicon Wafers Market

Market Highlights:
Silicon wafer provides the data processing capabilities and are majorly used in integrated circuits. The silicon wafers market is segmented into 150mm, 200mm, 300mm, and 450mm on the basis of size of the silicon wafers. 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 is dominating the market and accounting for about 60-65% of the market revenue due to high demand in the solar industry.

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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.

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.

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.

Key Players:
The major players operating in the market of SILICON WAFERS are- 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) among others.

Market Research Future 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. 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.

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Brief TOC:
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure:
1.3.1 Global Silicon Wafers Market: By Size
1.3.2 Global Silicon Wafers Market: By Type
1.3.3 Global Silicon Wafers Market: By Application
1.3.5 Global Silicon Wafers Market: By Region
2 Research Methodology
2.1 Research Type
2.2 Primary Researchpt
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
2.4.3 Market Crackdown & Data Triangulation

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Type, size, application and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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