Global Monocrystalline Silicon Furnace Market Projected to Reach USD 313.13 Million by 2026

24-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Monocrystalline Silicon Furnace Market By Product Type (Czochralski(CZ) Method Furnace, and Floating Zone(FZ) Method Furnace), and By Application (Semiconductor, Solar cell, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global monocrystalline silicon furnace market in 2019 was approximately USD 218.87 Million. The market is expected to grow at a CAGR of 5.2% and is anticipated to reach around USD 313.13 Million by 2026.

Monocrystalline Silicon is a raw material for integrated circuits and silicon-based discrete components used in electronic equipment. It serves as a light-absorbing material, photovoltaic in the manufacture of solar cells.

Browse the full “Monocrystalline Silicon Furnace Market By Product Type (Czochralski(CZ) Method Furnace, and Floating Zone(FZ) Method Furnace), and By Application (Semiconductor, Solar cell, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/monocrystalline-silicon-furnace-market-by-product-type-czochralskicz-911

Rapid development in technology is indirectly leading the monocrystalline silicon furnace market. It has scaled-up the demand for smartphones, tablets, PCs, TV and other electronic devices. Moreover, the rise in stringent regulations of governments towards the use of renewable energy sources is increasing the production of solar products. Hence, the rise in solar panels and cells are rapidly accelerating the monocrystalline silicon furnace market. Furthermore, the introduction of IoT things in industry 4.0 is also raising the global market of monocrystalline silicon furnace. However, the newly developed quasi-mono silicon, which researchers from the solar world can produce more cost-effectively using a new, crucible free crystal rising process. This replaces the ingot casting method customarily used for microcrystalline silicon cells in which the crucible and its coating offer a source for impurities and disruptive foreign nucleating agents. The new development is unable them to produce a monocrystalline, dislocation free and low oxygen silicon.

On the basis of product type, the monocrystalline silicon furnace market has been classified into Czochralski (CZ) method furnace and floating zone (FZ) method furnace. Czochralski (CZ) method furnace dominated the product segment in the year 2019 as it offers pure silicone and it is highly thermal resistive and produced at a low cost. Moreover, increasing demand for tablets, smartphones, TV, computers, laptops, and other electronic and semiconductor devices are driving the global monocrystalline silicon furnace market growth. In terms of the application segment, the market has been fragmented into the semiconductor, and solar cell among others. In 2019, the semiconductor segment holds the major market share. The rise in increased penetration has raised the demand for a handheld devices such as smartphones, notepads, and tablets. Moreover, the rapid integration of IoT based services is further fueling up the demand for semiconductors. Thereby, certain factors are boosting the global monocrystalline silicon furnace market.

The global monocrystalline silicon furnace market has been analyzed in the following regions including, North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific is dominating the regional market in 2019 due to the high demand for electronics industries in emerging economies such as India, China, Japan, Taiwan, Korea, and. Moreover, regulatory policies towards limiting carbon footprints and to promote the adoption of solar panels are boosting the sales of monocrystalline silicon furnace. North America and Europe are the second leading segment on the basis of geography. Further, the major regions are analyzed into major countries in this research report are the U.S., Mexico, Germany, UK, Canada, France, China, India, South Korea, Japan, Brazil, UAE, Egypt, and South Africa among others.

Some of the essential players operating in the monocrystalline silicon furnace market are Cyberstar, Ferrotec, Kayex-Lintoncrystal, Mitsubishi electric, MTI Corp, PVA TePla AG, Scientific Materials Corp, GlobalWafers Japan Co., Ltd., Wafer World Inc., and Gigamat among others.

Report Scope

This report segments the monocrystalline silicon furnace market as follows:

Global Monocrystalline Silicon Furnace Market: By Product Type Segmentation Analysis

• Czochralski(CZ) Method Furnace
• Floating Zone(FZ) Method Furnace

Global Monocrystalline Silicon Furnace Market: By Application Segmentation Analysis

• Semiconductor
• Solar cell
• Others

Global Monocrystalline Silicon Furnace Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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