Spain Polysilicon Market Size & Outlook, 2023-2030
Spain polysilicon market, 2018-2030 (US$M)
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Spain polysilicon market highlights
- The Spain polysilicon market generated a revenue of USD 487.6 million in 2023 and is expected to reach USD 1,164.9 million by 2030.
- The Spain market is expected to grow at a CAGR of 13.2% 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 487.6 million |
| Market revenue in 2030 | USD 1,164.9 million |
| Growth rate | 13.2% (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, Spain accounted for 1.3% 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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Spain 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 74.73% in 2023. Horizon Databook has segmented the Spain polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
The polysilicon market in Spain is experiencing notable growth and transformation as the country continues to make significant strides in the adoption of renewable energy, particularly solar power generation.
The country has been a global leader in solar energy, propelled by supportive government policies, and programs such as Feed-in Tariff (FIT) schemes that incentivize investments in non-conventional energy sources.
The removal of the "sun tax" and Spain's promise to transition completely to solar and renewable electricity by 2050 has created the conditions for a significant rise in solar power production. This positive trend is expected to persist in the coming years, further boosting the demand for polysilicon.
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Target buyers of Spain 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 Spain polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into Spain polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain polysilicon market size, by application, 2018-2030 (US$M)
Spain Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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