Covid-19 Impact on Silicon Wafers market

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Covid-19 Impact on Silicon Wafers market by Size (150 mm, 200mm, 300mm, and 450mm), by Type (N-type and P-type), by Application (Solar cells, Integrated Circuits, Photoelectric Cells, and Others) - Forecast 2016-2022

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

and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content

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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