Global Monocrystalline Silicon Market 2018-2022

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Overview of the global monocrystalline silicon market

The adoption of renewable energy sources is resulting in reduced dependence on imported crude oil for countries that have few or no petroleum reserves, reduced application of petroleum-based fuels, and expansion of energy mix. Solar energy does not cause emissions, which in turn, propels the demand for photovoltaic panels that convert sunlight to electricity. As a result, the demand for monocrystalline silicon is also rising as it is widely used in the manufacturing of photovoltaic panels. Research analysis on the global monocrystalline silicon market identifies that the increasing demand for solar energy will be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that the market will grow at a CAGR of close to 9% by 2022.

Manufacturers are focusing on the development of thin films made of monocrystalline silicon materials. The application of these thin films in solar panels boosts its productivity and results in the production of cost-effective and efficient solar panels. They are also used in large-scale electricity production. The development of thin-film monocrystalline silicon materials is identified as one of the key trends that will stimulate growth in the monocrystalline silicon market in the forthcoming years.

Companies covered

The monocrystalline silicon market is characterized by the presence of a large number of vendors and is moderately fragmented. The market research report provides analysis of key companies of the monocrystalline silicon cell market and the strategies they follow to sustain in the competitive environment of the market. The report also offers information about various research and developmental activities the players focus on to come up with innovative solutions.  

This research report provides an analysis of various companies in the market including

• JA SOLAR
• Jinko Solar
• LONGi Solar
• Shin-Etsu Chemical
• SUMCO CORPORATION

Segmentation by application and analysis of the monocrystalline silicon market

• Photovoltaics
• Electronics

The photovoltaics segment accounted for the majority of shares of the monocrystalline silicon market during 2017. The segment is expected to lead the monocrystalline silicon cell market throughout the estimated period.

Segmentation by geography and analysis of the monocrystalline silicon market

• Americas
• APAC
• EMEA

In terms of geography, the monocrystalline silicon cell market is witnessing growth in the APAC region and will continue to grow in the region during the forecasted period due to the rising government support and subsidies for the installation and use of solar power.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global monocrystalline silicon market?
• What are the key market trends impacting the growth of the global monocrystalline silicon market?
• What are the challenges to market growth?
• Who are the key vendors in the global monocrystalline silicon market?
• What are the market opportunities and threats faced by the vendors in the global monocrystalline silicon market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global monocrystalline silicon market?

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