Australia Polysilicon Market Size & Outlook, 2023-2030
Australia polysilicon market, 2018-2030 (US$M)
Related Markets
Australia polysilicon market highlights
- The Australia polysilicon market generated a revenue of USD 2,086.8 million in 2023 and is expected to reach USD 5,918.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
- In terms of segment, solar pv was the largest revenue generating application in 2023.
- Solar PV is the most lucrative application segment registering the fastest growth during the forecast period.
Polysilicon market data book summary
| Market revenue in 2023 | USD 2,086.8 million |
| Market revenue in 2030 | USD 5,918.9 million |
| Growth rate | 16.1% (CAGR from 2023 to 2030) |
| Largest segment | Solar pv |
| Fastest growing segment | Solar PV |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solar PV, Electronics (Semiconductors) |
| Key market players worldwide | OCI NV, REC Silicon ASA, Tokuyama Corp, Wacker Chemie AG, Daqo New Energy Corp ADR, GCL Technology Holdings Ltd, Tongwei Group, Xinte Energy, Qatar Solar Technologies, Hemlock Semiconductor Operations |
Other key industry trends
- In terms of revenue, Australia accounted for 5.5% of the global polysilicon market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China polysilicon market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 26,129.4 million by 2030.
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia polysilicon market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polysilicon market will help companies and investors design strategic landscapes.
Solar pv was the largest segment with a revenue share of 75.24% in 2023. Horizon Databook has segmented the Australia polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
The polysilicon market in Australia has witnessed substantial growth in recent years, driven primarily by the country's increasing adoption of renewable energy sources, particularly solar power. Australia's vast landmass and abundant sunlight make it an ideal location for solar energy projects.
Consequently, the polysilicon market has become an integral part of Australia's efforts to capitalize on solar energy for electricity generation and reduce its carbon footprint.
The Australian government has introduced various initiatives to incentivize solar energy adoption, including feed-in tariffs (FiTs) and incentives for homeowners and businesses to invest in solar panel installations.
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Target buyers of Australia polysilicon market databook
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Our clientele includes a mix of polysilicon market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into Australia polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia polysilicon market size, by application, 2018-2030 (US$M)
Australia Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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