Canada Polysilicon Market Size & Outlook, 2023-2030
Canada polysilicon market, 2018-2030 (US$M)
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Canada polysilicon market highlights
- The Canada polysilicon market generated a revenue of USD 1,058.5 million in 2023 and is expected to reach USD 2,680.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.2% 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 1,058.5 million |
| Market revenue in 2030 | USD 2,680.3 million |
| Growth rate | 14.2% (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, Canada accounted for 2.8% of the global polysilicon market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polysilicon market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 13,553.7 million by 2030.
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 76.73% in 2023. Horizon Databook has segmented the Canada polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
Canada's inclination toward renewable energy sources, government incentives promoting solar power generation, and the growth of the semiconductor sector, particularly in British Columbia and Ontario are some of the major factors expected to escalate the demand for polysilicon in the region.
HPQ Silicon Inc., Canadian Solar Inc., and Strategic Metal Investments Ltd. are some prominent companies operating in the Canadian polysilicon market. These manufacturing facilities are distributed across regions, with concentrations in provinces such as Quebec, Ontario, and British Columbia.
These provinces benefit from access to well-established infrastructure and skilled labor. According to Statistics Canada, the country consists of 2,000 electronics manufacturing companies.
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Target buyers of Canada 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into Canada polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada polysilicon market size, by application, 2018-2030 (US$M)
Canada Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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