Report Description Table of Contents The solar silicon wafers market was worth USD 12.4 billion in 2023 and will be worth USD 22.32 billion by 2030, expanding at a CAGR of 7.63% during the forecast period. The global solar silicon wafers market growth is largely attributed to the increase in solar energy and the global efforts to minimize carbon emissions. Current global solar capacity has exceeded 1TW in 2022, and with countries setting their sights on achieving net zero by 2050, there is a demand for high-efficiency solar wafers. Solar cells are made from silicon wafers, important in changing light into electricity. For example, China, which held more than 30% of new solar installations across the globe in 2022, is focused on large-scale solar farms that demand more silicon wafers. Newer trends include the shift from polycrystalline silicon to monocrystalline silicon wafers, which are more efficient than the former. In 2023, LONGi Solar and JinkoSolar led the development of ultra-thin wafers to minimize materials and expenses while increasing effectiveness. This innovation is significant since the industry wants to reduce solar energy production costs at the same time, increase production capacity. There are great opportunities for the solar silicon wafer market due to a shift to renewable energy sources and decarbonization initiatives globally. The solar capacity is anticipated to exceed 600GW by 2030, with Europe and the Asia-Pacific driving the change to sustainable energy. This increased interest will open an enormous market for high-efficiency silicon wafers that play a crucial role in enhancing the efficiency of photovoltaic cells. One of the recent trends is the higher wafers and thinner designs in an attempt to lower the material costs and improve the efficiency in converting energy. Some manufacturers, including LONGi Green Energy Technology, have begun manufacturing 210mm silicon wafers to produce higher-efficiency solar panels. This move is consistent with market goals towards maximizing energy and minimizing the carbon footprint of processes involved in production. Market Segmentation By Type: Monocrystalline Silicon Wafers Polycrystalline Silicon Wafers Thin-film Wafers By Wafer Size: 125mm Wafers 156mm Wafers 210mm Wafers Other Sizes By Application: Photovoltaic Cells (Solar Panels) Consumer Electronics Energy Storage Devices By End-Use: Residential Solar Power Systems Commercial Solar Power Systems Industrial Solar Power Systems Utility-Scale Power Plants By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA Currently, Asia-Pacific region is the most prominent market for solar silicon wafers, and China is the leading manufacturer globally. As of 2022, China dominated the production of solar wafers at about 80% due to its gigantic investment in solar energy production and highly developed production machinery. For instance, LONGi Green Energy Technology Co., Ltd, which operates from China, is the worlds largest producer of monocrystalline silicon wafers that provide high performance wafers to the booming photovoltaic market. One of the emerging trends is the shift to bigger wafers; for example, 210mm wafers, which boosts the efficiency and economics of the production process. This innovation is consistent with China’s 2030 vision to install over 100GW of solar energy per year, which outlines the country’s solar capacity expansion strategy. The region has continued to be defined by government policies supporting renewable energy and incremental changes in the production of wafer thickness, maintaining the Asia-Pacific as a market leader. Key Players LONGi Green Energy Technology Co., Ltd. JinkoSolar Holding Co., Ltd. Trina Solar Limited Canadian Solar Inc. JA Solar Technology Co., Ltd. Wacker Chemie AG Shin-Etsu Chemical Co., Ltd. Tongwei Co., Ltd. Hanwha Q CELLS REC Silicon ASA Frequently Asked Question About This Report . Table of Contents 1. SOLAR SILICON WAFER MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. SOLAR SILICON WAFER MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – SOLAR SILICON WAFER MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Type and End Use Outlook Analysis 4. HISTORIC TRENDS IN SOLAR SILICON WAFER MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA SOLAR SILICON WAFER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Solar Silicon Wafer Historical Market ($MILLION), (2017 – 2023) 6.2. North America Solar Silicon Wafer Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 6.3.1. Monocrystalline Silicon Wafers 6.3.2. Polycrystalline Silicon Wafers 6.3.3. Thin-film Wafers 6.4. North America Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.4.1. Photovoltaic Cells (Solar Panels) 6.4.2. Consumer Electronics 6.4.3. Energy Storage Devices 6.5. North America Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Wafer Size 6.5.1. 125mm Wafers 6.5.2. 156mm Wafers 6.5.3. 210mm Wafers 6.5.4. Other Sizes 6.6. North America Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use 6.6.1. Residential Solar Power Systems 6.6.2. Commercial Solar Power Systems 6.6.3. Industrial Solar Power Systems 6.6.4. Utility-Scale Power Plants 6.7. North America Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA SOLAR SILICON WAFER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE SOLAR SILICON WAFER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Solar Silicon Wafer Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Solar Silicon Wafer Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 8.4. Europe Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.5. Europe Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Wafer Size 8.6. Europe Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use 8.7. Europe Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC SOLAR SILICON WAFER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Solar Silicon Wafer Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Solar Silicon Wafer Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 9.4. APAC Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.5. APAC Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Wafer Size 9.6. APAC Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use 9.7. APAC Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA SOLAR SILICON WAFER MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Solar Silicon Wafer Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Solar Silicon Wafer Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 10.4. Latin America Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.5. Latin America Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Wafer Size 10.6. Latin America Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use 10.7. Latin America Solar Silicon Wafer Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. LONGi Green Energy Technology Co., Ltd. 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. JinkoSolar Holding Co., Ltd. 11.3. Trina Solar Limited 11.4. CANADIAN SOLAR INC. 11.5. JA Solar Technology Co., Ltd. 11.6. Wacker Chemie AG 11.7. OTHER MARKET PLAYERS