Monocrystalline Silicon Furnace Market Report

The global Monocrystalline Silicon Furnace market is anticipated to benefit from the extensive usage of Monocrystalline Silicon as a substrate material for manufacturing microelectronic components. Application of Monocrystalline Silicon in the photovoltaic and semiconductor industry as well as in the power electronics industry is increasing rapidly, which is having a positive impact on the overall Monocrystalline Silicon Furnace market growth.

A number of product launches has taken place in the Monocrystalline Silicon Furnace market. One such instance is PVT crystal growing systems by a prominent company, PVA TePla AG. These systems enable the production of silicon carbide crystals. Key applications of these systems lie in high-performance electronics as well as in research fields. Such product introductions are opening novel avenues for the market players.

Surge in the Penetration of Various Electronics to Drive the Monocrystalline Silicon Furnace Market

Growing penetration of various electronics and devices such as smartphones, TV, computers, and laptops is significantly contributing to the Monocrystalline Silicon Furnace market growth. In addition, demand for diodes, capacitors, inductors, resistors, and other microelectronic components is on the rise, which is increasing the need for Monocrystalline Silicon Furnace.

Adoption of Monocrystalline Silicon Furnace is increasing in photovoltaic paneling and solar. Moreover, environmental concerns are on the rise and government is taking initiatives to promote usage of solar devices, which is propelling the Monocrystalline Silicon Furnace market growth to a great extent.

Production of Monocrystalline Silicon Using Chokhralsky Method

New Product launch – a Key Strategy among the Players

Some of the key manufacturers operating in the Monocrystalline Silicon Furnace market are Ferrotec, Cyberstar, Kayex-Lintoncrystal, Gigamat, Mitsubishi, PVA TePla AG, MTI, Sevenstar, Jinyuntong, Tanlong, Huaying, Jinglong Sun Equipment, NTC Solar, Chenhua, Hanhong, Qike Machine, and Wanquan Jingyi.

Leading manufacturers are taking advantage of mergers and acquisitions and new product launches to strengthen their presence in the Monocrystalline Silicon Furnace market. For instance, one of the leading companies, Kayex-Lintoncrystal has lately launched its new KX360PV Czochralski (CZ) process crystal grower. The system is designed and optimized for ingot length of more than 4 meters. The machine meets the demand of the solar customers for a machine that can pull more than 4 meter, and reaching five, six and seven-meter crystals. The machine consumes low power, resulting in increased productivity and efficiency.

By Product Type

●  Czochralski(CZ) Method Furnace

●  Floating Zone(FZ) Method Furnace

By Application

●  Semiconductor

●  Solar Cell

●  Others

The global Monocrystalline Silicon Furnace market has been bifurcated on the basis of product type as Czochralski(CZ) Method Furnace and Floating Zone(FZ) Method Furnace. Demand for Czochralski(CZ) Method Furnace is expected to be greater as compared to the other product types as it offers pure silicone with high production speed and exceptional thermal resistance at a low cost. According to the researchers, monocrystalline silicon furnace is expected to witness a surge in the demand from the semiconductors industry. The reason being surge in the demand for smartphones, laptop, consumer appliances, and other electronics.

By Region  

The Monocrystalline Silicon Furnace market is expected to witness significant growth in Asia Pacific as the electronics industries are rapidly growing in this region, particularly in countries including China, Korea, India, Taiwan, and Japan. Moreover, government has implemented favorable policies on the reduction of carbon footprints and promotion of the usage of solar panels. The Monocrystalline Silicon Furnace market in North America and Europe may witness considerable growth in the years to come.  The regional analysis will give a clear cut understanding to the readers regarding the current and future situations of the global Monocrystalline Silicon Furnace market.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.