Norway Polysilicon Market Size & Outlook, 2023-2030
Norway polysilicon market, 2018-2030 (US$M)
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Norway polysilicon market highlights
- The Norway polysilicon market generated a revenue of USD 232.1 million in 2023 and is expected to reach USD 527.3 million by 2030.
- The Norway market is expected to grow at a CAGR of 12.4% 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 232.1 million |
| Market revenue in 2030 | USD 527.3 million |
| Growth rate | 12.4% (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, Norway accounted for 0.6% 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 |
|---|
Norway 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 73.72% in 2023. Horizon Databook has segmented the Norway polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
The polysilicon market in Norway is committed to sustainability, which extends to the electric mobility and electric vehicle (EV) industry, which, in turn, relies on semiconductors where polysilicon is essential.
The growth of EV and semiconductor industries is expected to indirectly impact the polysilicon market as Norway seeks to boost its clean energy infrastructure and technology development.
Norway's strategic location and dedication to environmental responsibility position it as a nation with the potential to contribute to the broader polysilicon supply chain, supporting both its domestic renewable energy goals and the global transition toward cleaner energy sources.
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Target buyers of Norway 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 Norway polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into Norway polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway polysilicon market size, by application, 2018-2030 (US$M)
Norway Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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