

Silicon Wafers Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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The silicon wafers market is experiencing significant growth, driven by increasing demand in electronics and renewable energy sectors. The market size was valued at approximately USD 14 billion in 2022 and is projected to reach around USD 20 billion by 2028, reflecting a compound annual growth rate (CAGR) of over 6%.
◍ Elkem AS (Norway)
◍ Addison Engineering (CA)
The Silicon Wafers Market features key players like Elkem AS, Shin-Etsu Handotai, and Siltronic AG, producing high-quality wafers for semiconductors and solar cells. These companies innovate in manufacturing processes, enhancing product efficiency, and growing market demand. Sales revenues include:
◍ Renewable Energy Corporation (Norway)
◍ Shin-Etsu Handotai Co. Ltd. (Japan)
◍ Siltronic AG (Germany)
- Shin-Etsu Handotai: ~$4 billion
- Siltronic AG: ~$1.2 billion
◍ MEMC Electronic Materials Inc. (California)
◍ LG Siltron Inc. (South Korea)
◍ Advance Semiconductor Inc. (U.S.)
◍ SUMCO Corp. (Japan)
- MEMC Electronic Materials: ~$1 billion
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◍ Solar Cells
◍ Integrated Circuits
◍ Photoelectric Cells
◍ Others
◍ N-type ◍ P-type
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$ X Billion USD