The global solar silicon wafer market is set to register lucrative gains attributing to the growing government initiative to accelerate establishment of solar capacities, rising demand for large silicon wafer among the providers of solar racking system, and increasing product use across other application avenues such as solar battery, solar cell, PV modules, and inverter among others. Silicon is known as the second most common element present on Earth and it is also the seventh-most common element in the entire world.

There are normally different silicon fabrication methods such as the Czochralski pulling method, the vertical gradient freeze, the horizontal bridgeman method, and the vertical bridgeman method. Silicon wafers are materials that are efficiently used for producing semiconductors, that are known to be found in all kinds of electronic devices that enhance the lives of people.

Silicon wafer for use in solar application is basically a circular disk made of high purity silicon material. It is also referred as solar wafer and is essential to photovoltaic power generation as well as production, thus requiring extremely high technology. The respective photovoltaic power generation system changes sunlight energy directly into electrical energy.

The solar battery comprises of organic compound, compound semiconductor, and silicon semiconductor group. Each of these groups further includes non-crystal type battery like 3 elements compound battery, 2 elements compound battery, complex type battery, and amorphous solar battery. Crystal type battery includes multi-crystal solar battery and mono-crystal solar battery.

The solar silicon wafer market is segmented in terms of type, application, and regional landscape.

In terms of application, the overall solar silicon wafer market is categorized into solar battery, solar racking systems, solar cell, inverter, and PV modules. Among these, solar racking systems segment will witness market growth of over 5.0% by the end of 2027. The segmental growth is attributed to rapidly rising demand for large silicon wafer among the providers of solar racking system.

From a regional frame of reference, in 2020, LAMEA recorded a market growth of around 7.5% and is expected to showcase a promising growth rate during the study period. The growing government initiative to accelerate establishment of solar project in the region will further contributes towards regional growth. Moreover, solar is majorly contributing in the utility sector, with the Emirates Water and Electricity Co. heading a 2 GW solar project in Al Dhafra which is expected to be completed by 2022.

Adding further, Saudi Arabia has also established itself as one of the evolving solar contenders. The government of Saudi Arabia also reportedly launched the Saudi Industrial Development Fund worth $28 billion to boost upcoming renewable energy projects.