Global Single Crystal Silicon Wafers Market

Global Single Crystal Silicon Wafers Market Size, Share, Growth Analysis, By Type(CZ Method, FZ Method), By Application(Consumer Electronics, Portable Computing Devices) - Industry Forecast 2023-2030


Report ID: SQMIG45N2088 | Region: Global | Published Date: February, 2024
Pages: 239 | Tables: 63 | Figures: 65

Global Single Crystal Silicon Wafers Market Insights

Single Crystal Silicon Wafers Market size was valued at USD 10.58 billion in 2021 and is poised to grow from USD 11.16 billion in 2022 to USD 17.63 billion by 2030, growing at a CAGR of 5.5% in the forecast period (2023-2030).

Semiconductor silicon wafers are an important component of integrated circuits used in computers, cell phones, and a wide range of other devices. A single crystal silicon wafer has a very high semiconductor quality, making it ideal for the production of such circuits. Solar-powered photovoltaic (PV) installations are seeing a lot of attention in countries across North America and Asia Pacific, various new projects of solar farming are coming into picture. The growing demand of single crystal silicon wafers in PVs to provide more output per construction area, will rise the demand of single crystal silicon wafers market globally.

US Single Crystal Silicon Wafers Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 10.58 billion

Largest Segment

CZ Method

Fastest Growth

CZ Method

Growth Rate

5.5% CAGR

Global Single Crystal Silicon Wafers Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Single Crystal Silicon Wafers Market By Type ($ Bn)
Global Single Crystal Silicon Wafers Market By Type (%)

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Global Single Crystal Silicon Wafers Market Segmental Analysis

Single Crystal Silicon Wafers Market is segmented based on the type, application, and region. Based on the type, Single Crystal Silicon Wafers Market is bifurcated into CZ method, and FZ method. Based on application, Single Crystal Silicon Wafers Market is segmented into consumer electronics, portable computing devices, automotive, and others. Based on region Single Crystal Silicon Wafers Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Single Crystal Silicon Wafers Market Analysis by Application

The global single crystal silicon wafers market is segmented based on application into consumer electronics, portable computing devices, automotive, and others. The portable computing devices is anticipated to hold the largest share in the market. While companies like Intel manufacture a lot of their own chips, they and others, including computing giants AMD and Nvidia often rely on contract manufacturers like Taiwan Semiconductor Manufacturing Company (TSMC) for chip production. As per Semiconductor Equipment and Materials International, silicon wafer shipments edge higher in the first quarter of 2021, increased by 4% to 3,337 million square inches. Moreover, when compared to year-to-date shipments, silicon wafer shipments increased by 14% from Q1 of 2020, attributing to the growing demand from vital components of electronics goods, including computers, telecommunications products, and consumer electronics.

Global Single Crystal Silicon Wafers Market By Type, 2021 (%)

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Global Single Crystal Silicon Wafers Market Regional Insights

The global single crystal silicon wafers market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia Pacific region is expected to account for the largest market with more than 70% share in 2021. Taiwan, followed by South Korea, Japan, and China have highest wafer installation capacities of 4,126 kw/m, 4,033 kw/m, 3,168 kw/m, and 2,361 kw/m respectively in 2018. TSMC in Taiwan, and Samsung & SK Hynix in South Korea accounted for the vast share of wafer capacity in each country and these were the top three capacity leaders worldwide. TSMC held 68% of Taiwan’s capacity while Samsung and SK Hynix represented 93% of the installed IC wafer capacity in South Korea at the end of 2020. Furthermore, the availability of low labour costs is expected to increase demand for single crystal silicon wafers market. Moreover, the market is being driven by a significant increase in demand for consumer electrons in this region. North America came in second to Asia Pacific in the single crystal silicon wafer market. The North American single crystal silicon wafer market is being driven by rising demand for low-cost wafers used in the production of solar cells. The increased presence of key solar cell manufacturers in North America is expected to drive demand for single crystal silicon wafers.

Global Single Crystal Silicon Wafers Market By Region, 2023-2030
  • Largest
  • Fastest

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Global Single Crystal Silicon Wafers Market Dynamics

Single Crystal Silicon Wafers Market Driver

Rise In Demand for Consumer Electronics, Portable Computing Devices, And Solar Cells

  • The rise in demand for consumer electronics, portable computing devices, and solar cells has resulted in a significant increase in demand for single crystal silicon wafers market. Renewing demand from the automobile industry and consumer electronics are two factors behind the increase in demand for solar powdered products, which tends to increase the consumption of market studied. In addition, due to the low labour cost, and other benefits, specifically in APAC region, the investors are planning to expand the production facility of single crystal silicon wafers in order to meet the current demand.
  • Solar-powered photovoltaic (PV) installations are seeing a lot of attention in countries across North America and Asia Pacific, various new projects of solar farming are coming into picture. The growing demand of single crystal silicon wafers in PVs to provide more output per construction area, will rise the demand of single crystal silicon wafers market globally.

Single Crystal Silicon Wafers Market Challenges

High prices and hazardous by-product

  • High prices and a lack of awareness of single crystal silicon wafers are two major factors limiting market development. New producers, on the other hand, are moving forward with modern manufacturing in order to reduce product development and other costs, and this aspect would help to restore the growth rate. Another major factor, limiting the demand is the hazardous by-product that is released during the manufacturing of single crystal silicon wafers. As a result of the emissions of such toxic by-products, the governments in many countries have imposed stringent regulations, which further limits the single crystal silicon wafers market expansion.

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Global Single Crystal Silicon Wafers Market Competitive Landscape

The single crystal silicon wafers market is highly competitive market. The market is share hold by some of the leading industry players. With the growing demand of single crystal silicon wafers in solar panels, many companies and organizations are looking into enter this space. The growing research and advancements in production method leads to increase the investment and funding activities in the market. Currently, several unconventional wafer approaches were piloted or commercialized in industry, but none has yet sustained widespread market adoption. Due to this reason, the new manufacturers are stepping up with higher investments in order to produce new advanced wafers, which will be more improved with lesser cost as compared to conventional wafers.

Single Crystal Silicon Wafers Market Top Players Company Profiles

Single Crystal Silicon Wafers Market Recent Developments

  • In March 2021, Shuangliang Eco-Energy, the energy-saving and environmental protection equipment manufacturing industry, planned to build silicon ingot & large size monocrystalline silicon wafer production lines.
  • In February 2021, NexWafe GmbH, announced completion of a €10 million capital raise with participation from both existing and new shareholders. This raise is going to be more helpful in the production of high-efficiency monocrystalline silicon wafers. With this, the company is aiming to cut solar production cost by 30%, and Co2 emissions by 70%.

Global Single Crystal Silicon Wafers Key Market Trends

  • The use of single crystal silicon wafer in hybrid cars that also operate on solar energy is a key trend for the single crystal silicon wafer industry.
  • Solar-powered photovoltaic (PV) installations are seeing a lot of attention in countries across North America and Asia Pacific, various new projects of solar farming are coming into picture. The growing demand of single crystal silicon wafers in PVs to provide more output per construction area, will rise the demand of single crystal silicon wafers globally.

Global Single Crystal Silicon Wafers Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global single crystal silicon wafers market analysis, the oversupply of single crystal silicon wafers in the industry had therefore resulted in a price decline, on an YTD price from 2020 to 2021. However, the weekly prices are in a rising trend since Q1 of 2021, and prices have seen a ripple effect of previous surge, having increased rapidly every week. On the other hand, the rising photonic projects all around the globe, have also increased the demand of single crystal silicon wafer at a rapid pace. In April 2020, the Group announced to expand its monocrystalline wafer capacity to 75 GW by the end of 2020, from 42 GW in 2019, accelerating and boosting its earlier plan for 65 GW by the end of 2021.

Report Metric Details
Market size value in 2021 USD 10.58 billion
Market size value in 2030 USD 17.63 billion
Growth Rate 5.5%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • CZ Method, FZ Method
  • Application
    • Consumer Electronics, Portable Computing Devices, Automotive, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
Customization scope

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  • Segments by type, application, etc
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Single Crystal Silicon Wafers Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Single Crystal Silicon Wafers Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Single Crystal Silicon Wafers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Single Crystal Silicon Wafers Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Single Crystal Silicon Wafers Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Single Crystal Silicon Wafers Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Single Crystal Silicon Wafers Market size was valued at USD 10.58 billion in 2021 and is poised to grow from USD 11.16 billion in 2022 to USD 17.63 billion by 2030, growing at a CAGR of 5.5% in the forecast period (2023-2030).

The single crystal silicon wafers market is highly competitive market. The market is share hold by some of the leading industry players. With the growing demand of single crystal silicon wafers in solar panels, many companies and organizations are looking into enter this space. The growing research and advancements in production method leads to increase the investment and funding activities in the market. Currently, several unconventional wafer approaches were piloted or commercialized in industry, but none has yet sustained widespread market adoption. Due to this reason, the new manufacturers are stepping up with higher investments in order to produce new advanced wafers, which will be more improved with lesser cost as compared to conventional wafers. 'Shin-Etsu Chemical Co., Ltd.', 'Sumco Corporation', 'Siltronic AG', 'MEMC Electronic Materials Inc.', 'Okmetic Oyj', 'GlobalWafers Co., Ltd.', 'Wafer Works Corporation', 'SK Siltron Co., Ltd.', 'SunEdison Semiconductor Limited', 'PV Crystalox Solar plc.'

The rise in demand for consumer electronics, portable computing devices, and solar cells has resulted in a significant increase in demand for single crystal silicon wafers market. Renewing demand from the automobile industry and consumer electronics are two factors behind the increase in demand for solar powdered products, which tends to increase the consumption of market studied. In addition, due to the low labour cost, and other benefits, specifically in APAC region, the investors are planning to expand the production facility of single crystal silicon wafers in order to meet the current demand.

The use of single crystal silicon wafer in hybrid cars that also operate on solar energy is a key trend for the single crystal silicon wafer industry.

The global single crystal silicon wafers market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia Pacific region is expected to account for the largest market with more than 70% share in 2021. Taiwan, followed by South Korea, Japan, and China have highest wafer installation capacities of 4,126 kw/m, 4,033 kw/m, 3,168 kw/m, and 2,361 kw/m respectively in 2018. TSMC in Taiwan, and Samsung & SK Hynix in South Korea accounted for the vast share of wafer capacity in each country and these were the top three capacity leaders worldwide. TSMC held 68% of Taiwan’s capacity while Samsung and SK Hynix represented 93% of the installed IC wafer capacity in South Korea at the end of 2020. Furthermore, the availability of low labour costs is expected to increase demand for single crystal silicon wafers market. Moreover, the market is being driven by a significant increase in demand for consumer electrons in this region. North America came in second to Asia Pacific in the single crystal silicon wafer market. The North American single crystal silicon wafer market is being driven by rising demand for low-cost wafers used in the production of solar cells. The increased presence of key solar cell manufacturers in North America is expected to drive demand for single crystal silicon wafers.

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Global Single Crystal Silicon Wafers Market

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