Global Tellurium Market 2020-2024| Increased Demand from the Consumer Electronic

Posted by Loise Williams on March 13th, 2020

Tellurium Market

The tellurium market is expected to grow by 60.03 MT during 2020-2024 according to the latest market research report by Technavio

The increased demand from the consumer electronics industry is expected to drive the growth of the market. Tellurium alloys are commercially used in various consumer electronics products such as mobile phones, LED displays and projector, wearable electronic devices, gaskets and lighting, and rollers. Factors such as increasing urban population, rise in disposable income, strong supply chain, and high internet penetration are driving the growth of the global consumer electronics market. The increase in demand for consumer electronics will in turn drive the demand for tellurium over the forecast period.

As per Technavio, the increase in demand for nanostructured tellurium semiconductor will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Tellurium Market : Increase in Demand for Nanostructured Tellurium Semiconductor

Advances in semiconductors and the shift toward ICs are urging manufacturers to produce smaller electro-mechanical components. Moreover, the need for miniaturization of electronic components is further triggered by industries such as aerospace that require smaller and lighter components for increased functionality and low material costs. Thus, the increasing need for miniaturization of electronic components has led to an increase in the use of advanced materials such as tellurium for the manufacture of nanostructured semiconductors. These are used in applications such as PV cells, LEDs, sensors, and solar energy converters with tunable optical and electronic properties. The above-mentioned factors are expected to have a positive impact on the global tellurium market during the forecast period.

“Factors such as the advent of artificial intelligence (AI), rise in demand for tellurium in APAC and the growth of the solar installation market will have a positive impact on the growth of the tellurium market value during the forecast period,” says a senior analyst at Technavio.

  Download the free sample report @ http://bit.ly/2PqahGt

Tellurium Market: Segmentation Analysis

This market research report segments the tellurium market by application (solar panels, thermoelectric production, metallurgy and others), and geography (APAC, Europe, MEA, North America and South America).

The APAC region led the tellurium market in 2019, followed by North America, Europe, South America and MEA. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the significant economic growth and the rise in investments in the renewable energy integration program.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. 

Some of the key topics covered in the report include:

Application

  • Solar panels
  • Thermoelectric production
  • Metallurgy
  • Others

Geographic segmentation

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

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Loise Williams

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Loise Williams
Joined: August 7th, 2019
Articles Posted: 266

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