South Africa Polysilicon Market Size & Outlook, 2023-2030
South Africa polysilicon market, 2018-2030 (US$M)
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South Africa polysilicon market highlights
- The South Africa polysilicon market generated a revenue of USD 164.3 million in 2023 and is expected to reach USD 393.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 13.3% 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 164.3 million |
| Market revenue in 2030 | USD 393.9 million |
| Growth rate | 13.3% (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, South Africa accounted for 0.4% of the global polysilicon market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa polysilicon market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 393.9 million by 2030.
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 75.72% in 2023. Horizon Databook has segmented the South Africa polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
The country’s inclination toward the utilization of renewable energy sources has led to the adoption and installation of solar infrastructure, and ultimately generation of electricity using solar energy. In 2022, according to the Energy Institute Statistical Review of World Energy, South Africa generated 6.21 TWh of electricity from solar energy.
According to the Observatory of Economic Complexity, in 2021, the country imported semiconductor devices worth USD 307.0 million. This outlook has driven the polysilicon market due to its extensive use in the manufacturing of various electronic components, such as transistors, diodes, and integrated circuits (IC).
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Our clientele includes a mix of polysilicon market companies, investment firms, advisory firms & academic institutions.
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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 South Africa polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into South Africa polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa polysilicon market size, by application, 2018-2030 (US$M)
South Africa Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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