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Silicon Wafer Reclaim Market Forecasts to 2027
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A recent report by Market Research Future on the global silicon wafer reclaim market 2020 came up as an in-depth assessment of the current landscape. The study includes the latest coverage of the impact of COVID-19 on the circuit breaker industry and sheds growth potential that will expect at 16.55% CAGR over the forecast period (2016-2023). At this growth rate, the market will gather a value of USD 1,254.04 million in the same timeframe.
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The report by MRFRF includes the latest coverage of the impact of COVID-19 on the silicon wafer reclaim industry.
Top Impacting Drivers
The companies in the silicon wafer reclaim market are vying suggestive steps to tackle the challenges resulting from the COVID-19 (Coronavirus) pandemic. Exhaustive research about COVID-19 is providing present-day techniques and alternative methods to mitigate the impact on Coronavirus on the revenue of the silicon wafer reclaim the market.
As per the market report suggested by Market Research Future, the global silicon wafer reclaim market is witnessing robust growth in support of many rising factors and drivers. Significant technological developments have been leading to the cloning efficiency of reclaimed products. The rising substitution of the high-cost virgin and test wafers with the low cost reclaimed ones due to cost-cutting measures adopted by the semiconductor industry is also expected to drive the market growth over the forecast period.
The global market is further characterized by varying yearly growth rates in support of alterations in the reclaiming technology along with volatility in the economies of silicon wafer reclaim service providers such as countries of Japan and China. Besides, the market is characterized by continuous capacity expansions and a drive towards reclaiming wafers with the higher surface area.
At the same time, the rising demand for consumer electronic goods such as Smartphones, tablets, and laptops is likely to drive the demand for reclaimed and virgin products, which form an intrinsic module of the integrated circuits used in these devices. The industry is likely to benefit from the momentous increase in solar panel installations, especially in Mexico, the U.S., and China, which is anticipated to account for the escalating demand for the product in the regions.
Segmentation of Market
The global silicon wafer reclaim market is also further segmented on wafer diameter and application segments.
Depending on the wafer diameter segment, the market included 200 MM, 150 MM, 300 MM, and more. The 300mm segment is anticipated to lead the market during the forecast period in support of the mounting demand for products from the solar industry. Though, the 200mm segment is anticipated to record the peak CAGR. In the precedent five years, the 200mm segment products witnessed wide adoption in optoelectronic devices and MEMS circuits.Depending on the application segment, the market included solar cells, integrated circuits, photoelectric cells, and more. The solar cells segment is proposed to lead the market during the forecasted period. The drift towards in high generation of solar energy motivated the adoption of silicon wafer reclaims globally, especially North America and Europe. The integrated circuit segment is likely to record the highest CAGR during the assessment period.
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Regional Front
The geographical analysis of the silicon wafer reclaims market has been conducted among the main regions of Europe, Asia-Pacific, North America, and the entire world.Asia-Pacific is likely to hold the largest market share and record the premier CAGR in the silicon wafer reclaim market in support of the rapidly developing electronic industries in Thailand, China, South Korea, India, and Taiwan. Furthermore, the mounting demand for consumer electronics and the shift towards alternative renewable sources of energy drive the demand for silicon wafer reclaims.
The market in North America is also assessed to expand at a significant rate during the assessment period. The high concentration of market players, rise in the number of solar panel installations, and easy availability of proficient technical expertise in the region are the key drivers for market growth.Top Market Players
The outstanding players in the global silicon wafer reclaim market are Global Silicon Technologies, Inc. (US), DSK Technologies Pte Ltd (Singapore), NanoSILICON, Inc. (US), MicroTech Systems, Inc. (US), Optim Wafer Services (France), Noel Technologies, Inc. (US), Shinryo Corporation (Japan), Phoenix Silicon International Corporation (Taiwan), Silicon Valley Microelectronics, Inc. (US), Silicon Materials, Inc. (US), Kemi Silicon Inc. (US), Silicon Quest International (US), and WRS Materials.
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