Germany Polysilicon Market Size & Outlook, 2023-2030
Germany polysilicon market, 2018-2030 (US$M)
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Germany polysilicon market highlights
- The Germany polysilicon market generated a revenue of USD 2,430.2 million in 2023 and is expected to reach USD 6,205.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 14.3% 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 2,430.2 million |
| Market revenue in 2030 | USD 6,205.6 million |
| Growth rate | 14.3% (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, Germany accounted for 6.4% of the global polysilicon market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany polysilicon market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 6,205.6 million by 2030.
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 76.74% in 2023. Horizon Databook has segmented the Germany polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
The polysilicon market in Germany is intricately linked with its strong commitment to renewable energy and the rapid growth of its solar power sector. As one of the leading economies in Europe, Germany's pursuit of unconventional power generation technologies has led to a surge in the demand for polysilicon, a critical material in solar photovoltaic (PV) cells used for solar panel production.
Through a variety of incentives and regulatory adjustments, such as modifications to the Renewable Energy Sources Act (EEG) in October 2022, the German government is actively encouraging solar power, which has had a direct impact on the polysilicon market.
The mandate for 80% of Germany's electricity to come from renewable resources, coupled with increased Feed-in-Tariff rates, has created a favorable environment for the expansion of residential and industrial solar installations, thereby driving the demand for polysilicon and solidifying its role as a critical component of Germany's sustainable energy transition.
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Our clientele includes a mix of polysilicon market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into Germany polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany polysilicon market size, by application, 2018-2030 (US$M)
Germany Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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