Global Monocrystalline Silicon Market Overview:
Monocrystalline Silicon is made of pure silicon in an ordered and continuous single crystal structure. It is also called as single-crystal silicon. It is generally used as a light-absorbing material in photovoltaic applications. This silicon is also a photovoltaic and light-absorbing material in the manufacture of solar cells. The major shift of the manufacturers towards the use of monocrystalline silicon is due to the improvement in reliability and throughput of production tools that consequently improved the passivation quality of the films a large number of manufacturers now active in the passivated emitter and rear cell/contact (PERC) production. This is expected to drive the market in the upcoming years.
- Increasing Demand for Solar Energy
- Increasing Use in Production of Discrete Components and Integrated Circuits
- Reducing Price of Monocrystalline Silicon has Driven its Demand in Asia Pacific Region
- Performance Levels Tend to Suffer from an Increase in Temperature
- Development of Thin-Film Monocrystalline Silicon Materials
- High Efficiency Advantage
In Monocrystalline Silicon Market, it has been observed that most of the companies rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Some of the key players profiled in the report are JA Solar Holdings (China), Jinko Solar (China), LONGi Solar (China), Shin-Etsu Chemical (Japan), SUMCO CORPORATION (Japan), NorSun AS (Norway), HHV Solar Technologies (India), Ferrotec Holdings (Japan), Mitsubishi (Japan), Solaicx (United States) and Tongwei Co.Ltd (China). Analyst at AdvanceMarketAnalytics see Asia Pacific Vendors to retain maximum share of Global Monocrystalline Silicon market by 2025. Considering Market by Method, the sub-segment i.e. Czochralski (CZ) Method will boost the Monocrystalline Silicon market.
In June 2019, LONGi Green Energy Technology and Tongwei Co., Ltd. have inked a strategic cooperation agreement under which both Chinese companies have decided to own 30% share each in one of each otherís manufacturing fabs
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Monocrystalline Silicon market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Monocrystalline Silicon market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes In Monocrystalline Silicon Market, it has been observed that most of the companies rely on strategies such as mergers & acquisition, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share..
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.