Epitaxial Wafer Market Forecast 2018-2026, Latest Trends And Opportunitie.Posted by rohit on February 19th, 2020 Market Overview Epitaxial Wafer, also known as Epi-wafer is placed over other silicon wafer through epitaxial process. Epitaxy is a process in which a monocrystalline silicon layer is deposited over the polished crystal surface of a silicon wafer. This wafer acts as semiconducting substrate for applications such as microelectronics, photovoltaic, and photonics. There are two types of epitaxial wafer named; Homoepitaxy and Heteroepitaxy. Major factor driving growth of the epitaxial wafer market is increasing use of LED lighting across the globe and this is fueling demand for epitaxial wafer. For instance, according to Coherent Market Insights’ analysis, the rate of LED lighting penetration in 2015 was 15% and it has increased to 27% in 2016, globally. The factor attributed to growth of LED lighting is increasing demand for energy efficient lighting products that help in reducing consumption of electricity and this is a major factor for replacing conventional lighting products with LED lighting across residential, commercial, and industrial sectors. LED lights are mainly incorporated with number of Ics. This report provides in-depth analysis of epitaxial wafer market size (US$ Mn), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year Request Sample Copy of this Report @https://www.coherentmarketinsights.com/insight/request-sample/2277 Market Dynamics Increasing installation of solar panel across the globe is one of the factors driving growth of the market. This is owing to growing awareness among consumers about the advantages of using solar energy. For instance, according to Coherent Market Insights’ analysis, number of solar panel installed in 2015 was 50.7 gigawatt and it has reached up to 76.7 gigawatt in 2016, globally. These solar panels are equipped with cells that are created from silicon wafers as silicon wafer have semiconducting properties. The usage of silicon wafer in solar cells has led to increasing efficiency of solar panel, which means it generates more power per unit compared to conventional material that used in solar cells. Thus, advantages offered by silicon wafer will positively increase the usage of silicon wafer for manufacturing of solar cells. Thus, increasing demand for silicon wafer will drive wafer manufacturers to coat that silicon wafer with epitaxial layer in order to increase the efficiency of the panel. The coating of epitaxial wafer further contributes in increasing performance of solar panels. Hence, all these factors are expected to propel demand for epitaxial wafer over the forecasted period. Detailed Segmentation:
Major players operating in the global epitaxial wafer market include EpiWorks Inc., Global Wafers Japan Co. Ltd., Nichia Corporation, SHOWA DENKO K.K., Siltronic AG, Desert Silicon Inc., Electronics and Materials Corporation Ltd. Intelligent Epitaxy Technology Inc.IQE plc. , Jenoptic AG, MOSPEC Semiconductor Corporation, Norstel AB, Ommic S.A., Silicon Valley Microelectronics Inc. ,SVT Associates Inc. Universal Wafer Inc., Wafer Works Corporation, Xiamen Powerway Advanced Materials Co. Ltd., and Visual Photonics Epitaxy Co. Ltd. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Like it? Share it! More by this author |