UK Polysilicon Market Size & Outlook, 2023-2030
UK polysilicon market, 2018-2030 (US$M)
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UK polysilicon market highlights
- The UK polysilicon market generated a revenue of USD 1,656.6 million in 2023 and is expected to reach USD 4,153.3 million by 2030.
- The UK market is expected to grow at a CAGR of 14% 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 1,656.6 million |
| Market revenue in 2030 | USD 4,153.3 million |
| Growth rate | 14% (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, UK accounted for 4.4% 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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UK 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 76.23% in 2023. Horizon Databook has segmented the UK polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
The polysilicon market is a major part of UK’s evolving energy landscape and its transition to renewable and sustainable energy sources. While the UK may not be a significant producer of polysilicon itself, it is a key consumer of the product for its solar energy sector.
The growth of solar power generation in the UK has been notable in recent years, with increasing installations of solar panels across residential, commercial, and industrial sectors. Polysilicon is a fundamental component used in the manufacturing of photovoltaic (PV) cells, making it indispensable for solar panel production.
As the government continues to implement policies and initiatives to promote clean energy adoption, including solar power, the demand for polysilicon remains robust. Incentives, subsidies, and feed-in tariffs have been key drivers of solar installations, further bolstering the polysilicon market as per the country's renewable energy objectives.
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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 UK polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into UK polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK polysilicon market size, by application, 2018-2030 (US$M)
UK Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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