Solar Photovoltaic Wafer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Solar Photovoltaic (PV) Wafer Companies and the Market is Segmented by Type (Monocrystalline Wafer and Polycrystalline Wafer) and Geography (North America, Europe, Asia-pacific, South America, And Middle-East and Africa). For Each Segment, The Market Size and Forecasts Have Been Done Based On Revenue (USD).

Solar Photovoltaic Wafer Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Solar Photovoltaic Wafer Market Size

Solar Photovoltaic Wafer-Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 16.61 Billion
Market Size (2030) USD 31.83 Billion
CAGR (2025 - 2030) 13.90 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Solar Photovoltaic Wafer Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Solar Photovoltaic Wafer Market Analysis

The Solar Photovoltaic Wafer Market size is estimated at USD 16.61 billion in 2025, and is expected to reach USD 31.83 billion by 2030, at a CAGR of 13.9% during the forecast period (2025-2030).

  • Over the medium term, the growing global demand for renewable energy and supportive government policies are expected to be the primary growth driver for the market during the forecast period.
  • On the other hand, photovoltaic wafers are costly compared to alternatives like thin films available in the market, which are expected to restrain growth in the forecast period.
  • Nevertheless, the tecchnological advancement in wafer technology is expected to create several opportunities for the market during the forecast period.
  • Asia pacific is expected to dominate the market owing to upcoming solar projects and supportive government policies.

Solar Photovoltaic Wafer Industry Overview

The solar photovoltaic wafer market is fragmented. Some of the major companies (in no particular order) include Jinko Solar Holding Co., GCL-Poly Energy Holdings Limited Ltd, LONGi Green Energy Technology Co Ltd, CETC Solar Energy Holdings Co, and Sino-American Silicon Products Inc.

Solar Photovoltaic Wafer Market Leaders

  1. Jinko Solar Holding Co., Ltd

  2. GCL-Poly Energy Holdings Limited

  3. LONGi Green Energy Technology Co Ltd

  4. CETC Solar Energy Holdings Co

  5. Sino-American Silicon Products Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Solar Photovoltaic Wafer Market Concentration
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Solar Photovoltaic Wafer Market News

  • In June 2023, Solar Wafer manufacturer NexdWafe GmbH secured USD 32 million contract from a group of investors including Reliance New Energy to accelerate the construction of its first commercial scla green solar wafers production facility in Germany Bitterfield.
  • In June 2023, the United States solar manufacturer CubicPV has received USD 103 million in equity financing to support its plans to develop a United States silicon wafer production base.

Solar Photovoltaic Wafer Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of Study
  • 1.2 Market Definiton
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing Demand for Renewable Energy
    • 4.5.1.2 Supportive Government Policies
    • 4.5.2 Restraints
    • 4.5.2.1 High Cost Compared to Alternatives like Thin Films
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Monocrystalline Wafer
    • 5.1.2 Polycrystalline Wafer
  • 5.2 Geogrpahy
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.1.3 Rest of North America
    • 5.2.2 Europe
    • 5.2.2.1 Germany
    • 5.2.2.2 France
    • 5.2.2.3 United Kingdom
    • 5.2.2.4 Italy
    • 5.2.2.5 Spain
    • 5.2.2.6 NORDIC
    • 5.2.2.7 Turkey
    • 5.2.2.8 Russia
    • 5.2.2.9 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 India
    • 5.2.3.3 Australia
    • 5.2.3.4 Japan
    • 5.2.3.5 Malaysia
    • 5.2.3.6 Vietnam
    • 5.2.3.7 Thailand
    • 5.2.3.8 Indonesia
    • 5.2.3.9 Rest of Asia-Pacific
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Chile
    • 5.2.4.4 Colombia
    • 5.2.4.5 Rest of South America
    • 5.2.5 Middle-East and Africa
    • 5.2.5.1 United Arab Emirates
    • 5.2.5.2 Saudi Arabia
    • 5.2.5.3 South Africa
    • 5.2.5.4 Qatar
    • 5.2.5.5 Nigeria
    • 5.2.5.6 Qatar
    • 5.2.5.7 Egypt
  • 5.3 Market Player Ranking

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Jinko Solar Holding Co., Ltd.
    • 6.3.2 GCL-Poly Energy Holdings Limited
    • 6.3.3 LONGi Green Energy Technology Co Ltd
    • 6.3.4 CETC Solar Energy Holdings Co
    • 6.3.5 Sino-American Silicon Products Inc
    • 6.3.6 Targray Technology International Inc
    • 6.3.7 Renewable Energy Corporation
    • 6.3.8 JA Solar Holdings, Co., Ltd.
  • *List Not Exhaustive
  • 6.4 Market Player Ranking

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Technological Advancement in Wafer technology
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Solar Photovoltaic Wafer Industry Segmentation

A solar wafer is a thin slice of crystalline silicon (semiconductor) that works as a substrate for microeconomic devices for fabricating integrated circuits in photovoltaics (PVs) to manufacture solar cells.

The solar photovoltaic wafer market is segmented by type and geography. By type, the market is segmented into monocrystalline wafers and polycrystalline wafers. The report also covers market size and forecasts for the solar photovoltaic wafer market across major countries. For each segment, the market sizing and forecasts have been done based on revenue (USD).

Type Monocrystalline Wafer
Polycrystalline Wafer
Geogrpahy North America United States
Canada
Rest of North America
Europe Germany
France
United Kingdom
Italy
Spain
NORDIC
Turkey
Russia
Rest of Europe
Asia-Pacific China
India
Australia
Japan
Malaysia
Vietnam
Thailand
Indonesia
Rest of Asia-Pacific
South America Brazil
Argentina
Chile
Colombia
Rest of South America
Middle-East and Africa United Arab Emirates
Saudi Arabia
South Africa
Qatar
Nigeria
Qatar
Egypt
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Solar Photovoltaic Wafer Market Research FAQs

How big is the Solar Photovoltaic Wafer Market?

The Solar Photovoltaic Wafer Market size is expected to reach USD 16.61 billion in 2025 and grow at a CAGR of 13.90% to reach USD 31.83 billion by 2030.

What is the current Solar Photovoltaic Wafer Market size?

In 2025, the Solar Photovoltaic Wafer Market size is expected to reach USD 16.61 billion.

Who are the key players in Solar Photovoltaic Wafer Market?

Jinko Solar Holding Co., Ltd, GCL-Poly Energy Holdings Limited, LONGi Green Energy Technology Co Ltd, CETC Solar Energy Holdings Co and Sino-American Silicon Products Inc. are the major companies operating in the Solar Photovoltaic Wafer Market.

Which is the fastest growing region in Solar Photovoltaic Wafer Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Solar Photovoltaic Wafer Market?

In 2025, the Asia-Pacific accounts for the largest market share in Solar Photovoltaic Wafer Market.

What years does this Solar Photovoltaic Wafer Market cover, and what was the market size in 2024?

In 2024, the Solar Photovoltaic Wafer Market size was estimated at USD 14.30 billion. The report covers the Solar Photovoltaic Wafer Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Solar Photovoltaic Wafer Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Solar Photovoltaic Wafers Industry Report

Statistics for the 2025 Solar Photovoltaic Wafer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Solar Photovoltaic Wafer analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.