Market Size of Solar Photovoltaic Wafer Industry
| Study Period | 2019-2027 |
| Base Year For Estimation | 2021 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Solar Photovoltaic Wafer Market Analysis
The solar photovoltaic (PV) wafers market is expected to register a CAGR of more than 4% in the forecast period (2022–2027).
The market was negatively impacted by COVID-19 in 2020. Currently. The market has reached pre-pandemic levels.
- Over the long term, high durability and the ability to withstand high temperatures make photovoltaic wafers favorable for solar photovoltaic panels.
- On the other hand, photovoltaic wafers are costly compared to alternatives like thin films available in the market, which are expected to restrain growth in the forecast period.
- During the forecast period, however, the market is likely to grow a lot if new ways are found to improve several steps of the process of making silicon solar cells in order to lower costs and increase production capacities.
