Solar ingot wafer is a piece of pure material used for solar cells. Generally, ingots are shaped by milling, cutting, and hot or cold working processes. The rapid urbanization, industrialization, and increasing population across the globe demand for sufficient electricity supply. Moreover, the growth is driven by rise in electricity demand and increase in capacity and production of solar cells in the solar energy industry. In addition, technological advancements in the solar ingot wafer industry, cost reduction, and increase in production capacity of solar energy offers opportunities for the market.
MARKET SCOPE
The "Global Solar ingot wafer Market Analysis to 2028" is a specialized and in-depth study of the instrumentation components with a special focus on the testing components and parts market trend analysis. The report aims to provide an overview of the solar ingot wafer market with detailed market segmentation by type, application and geography. The report provides key statistics on the market status of the leading solar ingot wafer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type the market is segmented into Monocrystalline and Polycrystalline
- On the basis application, the market is segmented as Mono Solar Cell and Multi Solar Cell
MARKET DYNAMICS
Drivers:
- -
- Increase in global energy demand drives the market growth
- Growing investment in solar industry is propelling the market growth
- -
- Expensive and precise process used for manufacturing the wafers restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The solar ingot wafer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the solar ingot wafer market in these regions.
IMPACT OF COVID-19 ON SOLAR INGOT WAFER MARKET
The emergence of the COVID-19 has severely impacted the power industries, which resulted decline in the demand for solar ingot wafer in the year 2020. The covid-19 pandemic has slowed down the progress of projects in solar industry which in turn hampered the market growth. The shutdown of manufacturing units and lockdown had hampered the market significantly. However, with reopening of industries from 2021, which had resulted an increase in demand for solar ingot wafer strengthening the market growth. The government should ideally adopt a short-term policy, while mid-term and long-term action plans should be formulated, so as to achieve the renewable energy targets in the future that could help the market to grow in coming years. For instance, the Indian government had introduced the policies in its Union Budget 2022-23, to further strengthen the domestic solar manufacturing ecosystem under its Atmanirbhar Bharat vision. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The solar ingot wafer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the solar ingot wafer market in these regions.
IMPACT OF COVID-19 ON SOLAR INGOT WAFER MARKET
The emergence of the COVID-19 has severely impacted the power industries, which resulted decline in the demand for solar ingot wafer in the year 2020. The covid-19 pandemic has slowed down the progress of projects in solar industry which in turn hampered the market growth. The shutdown of manufacturing units and lockdown had hampered the market significantly. However, with reopening of industries from 2021, which had resulted an increase in demand for solar ingot wafer strengthening the market growth. The government should ideally adopt a short-term policy, while mid-term and long-term action plans should be formulated, so as to achieve the renewable energy targets in the future that could help the market to grow in coming years. For instance, the Indian government had introduced the policies in its Union Budget 2022-23, to further strengthen the domestic solar manufacturing ecosystem under its Atmanirbhar Bharat vision. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period.
MARKET PLAYERS
The report covers key developments in the solar ingot wafer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in solar ingot wafer market are anticipated to get lucrative growth opportunities in the future owing increase in R&D investments.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solar ingot wafer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- CETC Solar Energy Holdings Co. Ltd.
- Targray, LONGI Solar
- Oci Company Ltd.
- SN Materials
- REC Silicon
- Saiwei LDK
- Solar High-Tech Co. Ltd.
- Green Rhino Energy Ltd.
- Yingli Solar
- Comtec Solar Systems Group Limited.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Solar Ingot Wafer Market - By Type
1.3.2Solar Ingot Wafer Market - By Application
1.3.3Solar Ingot Wafer Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.SOLAR INGOT WAFER MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.SOLAR INGOT WAFER MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.SOLAR INGOT WAFER MARKET - GLOBAL MARKET ANALYSIS
6.1.SOLAR INGOT WAFER - GLOBAL MARKET OVERVIEW
6.2.SOLAR INGOT WAFER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.SOLAR INGOT WAFER MARKET - REVENUE AND FORECASTS TO 2028 â" TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.MONOCRYSTALLINE
7.3.1.Overview
7.3.2.Monocrystalline Market Forecast and Analysis
7.4.POLYCRYSTALLINE
7.4.1.Overview
7.4.2.Polycrystalline Market Forecast and Analysis
8.SOLAR INGOT WAFER MARKET - REVENUE AND FORECASTS TO 2028 â" APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.MONO SOLAR CELL
8.3.1.Overview
8.3.2.Mono Solar Cell Market Forecast and Analysis
8.4.MULTI SOLAR CELL
8.4.1.Overview
8.4.2.Multi Solar Cell Market Forecast and Analysis
9.SOLAR INGOT WAFER MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Solar Ingot Wafer Market Overview
9.1.2North America Solar Ingot Wafer Market Forecasts and Analysis
9.1.3North America Solar Ingot Wafer Market Forecasts and Analysis - By Type
9.1.4North America Solar Ingot Wafer Market Forecasts and Analysis - By Application
9.1.5North America Solar Ingot Wafer Market Forecasts and Analysis - By Countries
9.1.5.1United States Solar Ingot Wafer Market
9.1.5.1.1United States Solar Ingot Wafer Market by Type
9.1.5.1.2United States Solar Ingot Wafer Market by Application
9.1.5.2Canada Solar Ingot Wafer Market
9.1.5.2.1Canada Solar Ingot Wafer Market by Type
9.1.5.2.2Canada Solar Ingot Wafer Market by Application
9.1.5.3Mexico Solar Ingot Wafer Market
9.1.5.3.1Mexico Solar Ingot Wafer Market by Type
9.1.5.3.2Mexico Solar Ingot Wafer Market by Application
9.2.EUROPE
9.2.1Europe Solar Ingot Wafer Market Overview
9.2.2Europe Solar Ingot Wafer Market Forecasts and Analysis
9.2.3Europe Solar Ingot Wafer Market Forecasts and Analysis - By Type
9.2.4Europe Solar Ingot Wafer Market Forecasts and Analysis - By Application
9.2.5Europe Solar Ingot Wafer Market Forecasts and Analysis - By Countries
9.2.5.1Germany Solar Ingot Wafer Market
9.2.5.1.1Germany Solar Ingot Wafer Market by Type
9.2.5.1.2Germany Solar Ingot Wafer Market by Application
9.2.5.2France Solar Ingot Wafer Market
9.2.5.2.1France Solar Ingot Wafer Market by Type
9.2.5.2.2France Solar Ingot Wafer Market by Application
9.2.5.3Italy Solar Ingot Wafer Market
9.2.5.3.1Italy Solar Ingot Wafer Market by Type
9.2.5.3.2Italy Solar Ingot Wafer Market by Application
9.2.5.4United Kingdom Solar Ingot Wafer Market
9.2.5.4.1United Kingdom Solar Ingot Wafer Market by Type
9.2.5.4.2United Kingdom Solar Ingot Wafer Market by Application
9.2.5.5Russia Solar Ingot Wafer Market
9.2.5.5.1Russia Solar Ingot Wafer Market by Type
9.2.5.5.2Russia Solar Ingot Wafer Market by Application
9.2.5.6Rest of Europe Solar Ingot Wafer Market
9.2.5.6.1Rest of Europe Solar Ingot Wafer Market by Type
9.2.5.6.2Rest of Europe Solar Ingot Wafer Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Solar Ingot Wafer Market Overview
9.3.2Asia-Pacific Solar Ingot Wafer Market Forecasts and Analysis
9.3.3Asia-Pacific Solar Ingot Wafer Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Solar Ingot Wafer Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Solar Ingot Wafer Market Forecasts and Analysis - By Countries
9.3.5.1Australia Solar Ingot Wafer Market
9.3.5.1.1Australia Solar Ingot Wafer Market by Type
9.3.5.1.2Australia Solar Ingot Wafer Market by Application
9.3.5.2China Solar Ingot Wafer Market
9.3.5.2.1China Solar Ingot Wafer Market by Type
9.3.5.2.2China Solar Ingot Wafer Market by Application
9.3.5.3India Solar Ingot Wafer Market
9.3.5.3.1India Solar Ingot Wafer Market by Type
9.3.5.3.2India Solar Ingot Wafer Market by Application
9.3.5.4Japan Solar Ingot Wafer Market
9.3.5.4.1Japan Solar Ingot Wafer Market by Type
9.3.5.4.2Japan Solar Ingot Wafer Market by Application
9.3.5.5South Korea Solar Ingot Wafer Market
9.3.5.5.1South Korea Solar Ingot Wafer Market by Type
9.3.5.5.2South Korea Solar Ingot Wafer Market by Application
9.3.5.6Rest of Asia-Pacific Solar Ingot Wafer Market
9.3.5.6.1Rest of Asia-Pacific Solar Ingot Wafer Market by Type
9.3.5.6.2Rest of Asia-Pacific Solar Ingot Wafer Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Solar Ingot Wafer Market Overview
9.4.2Middle East and Africa Solar Ingot Wafer Market Forecasts and Analysis
9.4.3Middle East and Africa Solar Ingot Wafer Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Solar Ingot Wafer Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Solar Ingot Wafer Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Solar Ingot Wafer Market
9.4.5.1.1South Africa Solar Ingot Wafer Market by Type
9.4.5.1.2South Africa Solar Ingot Wafer Market by Application
9.4.5.2Saudi Arabia Solar Ingot Wafer Market
9.4.5.2.1Saudi Arabia Solar Ingot Wafer Market by Type
9.4.5.2.2Saudi Arabia Solar Ingot Wafer Market by Application
9.4.5.3U.A.E Solar Ingot Wafer Market
9.4.5.3.1U.A.E Solar Ingot Wafer Market by Type
9.4.5.3.2U.A.E Solar Ingot Wafer Market by Application
9.4.5.4Rest of Middle East and Africa Solar Ingot Wafer Market
9.4.5.4.1Rest of Middle East and Africa Solar Ingot Wafer Market by Type
9.4.5.4.2Rest of Middle East and Africa Solar Ingot Wafer Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Solar Ingot Wafer Market Overview
9.5.2South and Central America Solar Ingot Wafer Market Forecasts and Analysis
9.5.3South and Central America Solar Ingot Wafer Market Forecasts and Analysis - By Type
9.5.4South and Central America Solar Ingot Wafer Market Forecasts and Analysis - By Application
9.5.5South and Central America Solar Ingot Wafer Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Solar Ingot Wafer Market
9.5.5.1.1Brazil Solar Ingot Wafer Market by Type
9.5.5.1.2Brazil Solar Ingot Wafer Market by Application
9.5.5.2Argentina Solar Ingot Wafer Market
9.5.5.2.1Argentina Solar Ingot Wafer Market by Type
9.5.5.2.2Argentina Solar Ingot Wafer Market by Application
9.5.5.3Rest of South and Central America Solar Ingot Wafer Market
9.5.5.3.1Rest of South and Central America Solar Ingot Wafer Market by Type
9.5.5.3.2Rest of South and Central America Solar Ingot Wafer Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.SOLAR INGOT WAFER MARKET, KEY COMPANY PROFILES
11.1.CETC SOLAR ENERGY HOLDINGS CO. LTD.
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.TARGRAY LONGI SOLAR
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.OCI COMPANY LTD.
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.SN MATERIALS
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.REC SILICON
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.SAIWEI LDK
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.SOLAR HIGH-TECH CO. LTD.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.GREEN RHINO ENERGY LTD.
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.YINGLI SOLAR
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.COMTEC SOLAR SYSTEMS GROUP LIMITED.
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1.CETC Solar Energy Holdings Co. Ltd.
2.Targray LONGI Solar
3.Oci Company Ltd.
4.SN Materials
5.REC Silicon
6.Saiwei LDK
7.Solar High-Tech Co. Ltd.
8.Green Rhino Energy Ltd.
9.Yingli Solar
10.Comtec Solar Systems Group Limited.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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