Covid-19 Impact on Silicon Wafers market

Covid-19 Impact on Silicon Wafers market
Research Report By Forecast 2022
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2022
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)

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Covid-19 Impact on Silicon Wafers market Forecast To 2022
Covid-19 Impact on Silicon Wafers market Forecast To 2022
At present, the market for silicon wafers is growing at a stable rate of 8.5%, and in 2016, its value was USD 333
million, asserts Market Research Future (MRFR). MRFR also expects the Covid-19 Impact on Silicon Wafers market to
reach a valuation of USD 503 million during the forecast period (2016-2022).
Primary Drivers and Key Challenges
The global Covid-19 Impact on Silicon Wafers market is set to progress at a striking rate in the near future, given the
strong demand for high-performance electronic gadgets. Surge in the number of businesses coupled with the
increasing standards of living is leading to rising demand for laptops, gadgets, and smartphones. Silicon wafers are
used to manufacture semiconductors, which are considered the base of advanced electronic devices. These wafers
are used to produce microchips & chips and to build ICs that find use in a broad range of electronic devices.

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Covid-19 Impact on Silicon Wafers market Forecast To 2022
“Taste the market data and market information presented through more than 50 market data tables
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TOC & market synopsis on Internet of Covid-19 Impact on Silicon Wafers market Forecast To 2022”
• Mounting the importance of renewable energy sources has given way to a high demand for solar energy. A surge
in the number of solar panel installations has been noted in recent years, given the surging awareness regarding
the benefits offered by solar energy. Solar panels and cells are made with the use of silicon wafers owing to their
semiconducting properties. Its solar band efficiency is 1.1 eV, which makes it the perfect option for solar panels.
High availability of silicon, non-toxicity and stable cell efficiencies render it the ideal choice for photovoltaics,
which augments the demand for the silicon wafer market. Silicon’s high-performance efficiency also benefits the
market across the globe.

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Covid-19 Impact on Silicon Wafers market Forecast To 2022
Global Covid-19 Impact on Silicon Wafers market Segmented on the basis of
Developments in Internet of Things
Advances in the IoT is giving rise to a broad spectrum for semiconductors as they are used in the devices
that are interconnected via a mobile application. This is expected to usher in a favorable marketplace for
sustainable silicon wafers in the coming years.
Market Segmentation
The worldwide Covid-19 Impact on Silicon Wafers market has been segmented with respect to size, type,
and application.
With regard to size, the market includes 150 mm, 200mm, 300mm, and 450mm.
The types of silicon wafers are N-Type and P-Type.
Application-wise segments mention in the report are solar cells, integrated circuits, photoelectric cells and
others.

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Covid-19 Impact on Silicon Wafers market Forecast To 2022
Global Covid-19 Impact on Silicon Wafers market - Geographical Analysis
Asia Pacific (APAC), Middle East & Africa (MEA), North America and Europe have been identified as the primary
markets for silicon wafers.
APAC is expected to be the highest gaining market for silicon wafer, thanks to the booming automotive sector. A
number of government initiatives, especially in India, is prompting foreign investments within the automotive
sector, which is leading to business growth in the region. Additionally, the thriving electronics industry in China is
also working in favor of the silicon wafer market. With the growth in Industry 4.0 and technologies like AI and IoT
in the automotive sector, the demand for silicon wafers for smooth operation and high performance of the vehicle
is expected to mount in the next couple of years.
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Covid-19 Impact on Silicon Wafers market Forecast To 2022
Global Covid-19 Impact on Silicon Wafers market - Competitive Analysis
• Some of the leading players shaping the Covid-19 Impact on Silicon Wafers market include LG Siltron Inc. (South
Korea), Renewable Energy Corporation (Norway), Shin-Etsu Handotai Co. Ltd. (Japan), Siltronic AG (Germany),
Advance Semiconductor Inc.(U.S.), SUMCO Corp.(Japan), Elkem AS (Norway), Addison Engineering (CA), MEMC
Electronic Materials Inc.(California), among others.
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