Silicon wafer energy storage profit analysis

How big is the solar silicon wafer market?

Solar Silicon Wafer Market size exceeded USD 9.5 billion in 2020 and is estimated to grow at a CAGR of over 11% from 2021 to 2027. The solar silicon wafer market growth is due to continuous development of large-sized solar silicon wafer, to deliver high energy efficiency, low pricing, and stable heat absorption capabilities.

What are the benefits of thin silicon wafers?

Thinning the silicon wafer well below the industry-standard 160 μm, in principle reduces both manufacturing cost and capex, and accelerates economically-sustainable expansion of PV manufacturing. In this analysis piece, we explore two questions surrounding adoption of thin silicon wafers: (a) What are the market benefits of thin wafers?

Does thinning a silicon wafer reduce cost and capital expenditure?

To sustain this growth trajectory, continued cost and capital expenditure (capex) reductions are needed. Thinning the silicon wafer well below the industry-standard 160 μm, in principle reduces both manufacturing cost and capex, and accelerates economically-sustainable expansion of PV manufacturing.

What is the growth rate of monocrystalline solar silicon wafer market?

The monocrystalline wafer segment in the solar silicon wafer market was valued at USD 8 billion in 2020 and is projected to witness around 13% growth rate till 2027 led by several intuitive features offered by the monocrystalline solar silicon wafer such as sleeker aesthetics, higher performance, and better energy conversion efficiency.

How much electricity does a silicon wafer generate?

When the four kinds of silicon wafers were used to generate the same amount of electricity for photovoltaic modules, the ECER-135 of S-P-Si wafer, S-S-Si wafer and M-S-Si wafer were 3.3, 4.5 and 2.8 times of that of M-P-Si wafer respectively.

Who are the leading solar silicon wafer manufacturers in China?

Adding to this, the presence of several solar silicon wafer manufacturers in the region including LONGi Solar, CETC Solar Energy Holdings Co., Ltd, Jiangxi LDK Solar High-Tech Co., Ltd., and Comtec Solar Systems Group Limited is further accelerating the market growth in China.