Solar Photovoltaics Wafer Market Outlook - 2026

Photovoltaic wafers are used to build photovoltaic cells, which are made of crystalline silicon cells. This photovoltaic wafers withstand high temperatures and are extremely efficient. The electricity generated through these wafers is used for industrial as well as residential purpose. Electric vehicles are in huge demand due to this market, as this photovoltaics helps to charge the vehicles. These wafers also help in reducing the dependency on fossil fuels and conventional sources. Electricity generated by this method is clean, which makes this process green and eco-friendly. Monocrystalline Si and polycrystalline Si are the two types of wafers that are widely used. Monocrystalline have high efficiency and also require less space in comparison with polycrystalline.

Rise in demand for renewable energy drives the market growth. Rapid industrialization and increase in population also boost the market for solar photovoltaic wafer. Meanwhile, solar photovoltaic wafer-based panels are costly, which can restrain the growth of the market. Rise in awareness among people for using renewable process is projected to provide numerous opportunities for the market growth.

The solar photovoltaics wafer market is segmented based on type, application and region. The type segment is divided into monocrystalline Si wafer and multicrystalline Si wafer. Based on application, it is further divided into commercial, residential, and industrial. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major market players operating in the solar photovoltaics wafer market are Targray Technology International Inc, Lanco Solar, LDK Solar, Renewable Energy Corporation (REC), Solarworld, MEMC Electronic Materials, Inc., Nexolon Co., Ltd., Zhonghuan Semiconductor Corporation, and Green Energy Technology. 

KEY BENEFITS FOR STAKEHOLDERS:

• The solar photovoltaics wafer market size has been analyzed across all regions.
• Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
• Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
• The solar photovoltaics wafer market analysis covers in-depth information of major solar photovoltaics wafer industry participants.

Market Segments:

By Type:

• Monocrystalline Si wafer
• Multicrystalline Si wafer

By Application:

• Commercial
• Residential
• Industrial

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia-Pacific 
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific 
• LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Players

• Targray Technology International Inc
• Lanco Solar
• LDK Solar
• Renewable Energy Corporation (REC)
• Solarworld
• MEMC Electronic Materials, Inc.
• Nexolon Co., Ltd.
• Zhonghuan Semiconductor Corporation
• Green Energy Technology
• Sino-American Silicon Products Inc. (SAS)