Global Cadmium Telluride Photovoltaic Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Cadmium Telluride Photovoltaic Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global cadmium telluride photovoltaic market report has been segmented on the basis of application and region.
Global Cadmium Telluride Photovoltaic: Overview
Cadmium telluride solar cell, also called cadmium telluride photovoltaic or cadmium telluride thin film – a photovoltaic device that produces electricity from light by using thin film of cadmium telluride. Cadmium Telluride solar cells are less efficient than crystalline silicon devices, but are cheaper to produce and technology has potential to surpass silicon in terms of cost per kilowatt of installed capacity.
Global Cadmium Telluride Photovoltaic: Dynamics
Increasing consumer awareness coupled with rising government investment in renewable energy, especially solar energy is a major factor expected to drive growth of the global cadmium telluride photovoltaic market. In addition, introduction of Feed-in Tariff (FIT) by developing countries such as China and India is resulting in increasing demand for cadmium telluride in solar cells which is another factor expected to boost growth of the global market over the forecast period.
Moreover, rising adoption of cadmium telluride in electro-optic modulator, owing to high electro-optic coefficient is another factor expected to further support growth of the target market over the forecast period. In addition, increasing construction and reconstruction activities across the globe and growing demand for piezoelectric semiconductors and electroluminescent diodes are some among other factors expected to further support growth of the market to certain extent.
Furthermore, increasing demand from various end use industries, owing to wide applicability of cadmium telluride in solar PV, optical lenses & windows, electro-optic modulator and nuclear spectroscopy is another factor expected to propel growth of the market over the forecast period.
However, stringent government regulations related to harmfulness of cadmium and lower productivity of cadmium telluride solar cells are some major factors expected to hamper growth of the global market over the forecast period. In addition, high cost of mining for tellurium is another factor expected to limit growth of the global market to certain extent.
Increasing investment by major players for R&D activities and increasing productivity of cadmium telluride are factors expected to create potential revenue opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, increasing expansion activities by major players through strategic agreements is expected to further support growth of the market to certain extent.
Global Cadmium Telluride Photovoltaic Market: Region Analysis
The market in Asia Pacific is expected to witness faster growth, owing to increasing government initiatives towards use renewable energy sources, increasing construction activities, rising adoption of solar PV, and presence of major players operating in emerging economies in this region.
The markets in North America and Europe are expected to contribute significant revenue shares in the global market. This can be attributed to well-developed infrastructure and increasing government initiatives towards adoption of renewable energy sources. In addition, growing merger and acquisition activities among regional and international players is expected to further support growth of the market in this region over the forecast period.
Global Cadmium Telluride Photovoltaic Market Segmentation
Segmentation by application:
- Industrial and Utility
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- First Solar, Inc.
- Advanced Solar Power (Hangzhou) Inc.
- Antec Solar GmbH
- Calyxo GmbH
- CNBM(Chengdu) Optoelectronic Materials Co,Ltd.
- CTF Solar GmbH
- D2Solar LLC
- Dmsolar LLC
- Willard & Kelsey Solar Group, LLC
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