Global Cadmium Telluride Solar Panel Market, By End Use (Residential, Commercial, Industrial, Utility), By Application (Cell Efficiency, Process Optimization, Ambient Temperature, Solar Tracking), By Material (Cadmium, Telluride), By Region, Competition Forecast and Opportunities, 2017-2027
New York, April 14, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Cadmium Telluride Solar Panel Market, By End Use, By Application, By Material, By Region, Competition Forecast and Opportunities, 2017-2027" - https://www.reportlinker.com/p06267895/?utm_source=GNW
The global cadmium telluride solar panel market is expected to grow at a significant rate during the forecast period. The market growth can be attributed to the growing usage of cadmium telluride based solar panels in various end use applications such as automotive industries, residential complexes, etc., and increasing demand for renewable energy on account of the rapid depletion of natural resources. Rising environmental awareness and increasing need for energy are fueling the growth of the cadmium telluride solar panel market. Cadmium telluride solar panels are photovoltaic devices with a thin layer of CdTe film, which helps produce electricity from sunlight. Cadmium telluride solar panels are less expensive to produce, and they can surpass silicon in terms of cost per kilowatt of installed capacity. Moreover, the rising adoption of CdTe in electro-optic modulators owing to their high electro-optic coefficient and advancing technology in solar panels are driving the growth of the global cadmium telluride solar panel market. Growing awareness among consumers coupled with increased financial investments from government bodies and private investment are further contributing to the growth of the global cadmium telluride solar panel market. The rising global population is creating a need for more energy sources with a low carbon footprint, which is anticipated to propel the growth of the global cadmium telluride solar panel market in the coming years. However, stringent government regulations related to the negative impact of cadmium on the environment and lower productivity of the CdTe solar cells compared to other alternatives might hinder the growth of the global cadmium telluride solar panel market during the forecast period.
The global cadmium telluride solar panel market is segmented based on end use, application, material, regional distribution, and competitive landscape.Based on end-use, the market is divided into residential, commercial, industrial, and utility.
The residential segment is projected to register the highest growth in the global cadmium telluride solar panel market because of growing construction activities to accommodate the needs of the expanding urban population.Based on application, the market is sub-segmented into cell efficiency, process optimization, ambient temperature, and solar tracking.
The cell efficiency segment is expected to dominate the global cadmium telluride solar panel market owing to the higher efficiency and affordability of solar panels.
Major players operating in the global cadmium telluride solar panel market are First Solar, Toledo Solar, Calyxo GmbH, Advanced Solar Power, Antec Solar GmbH, Dmsolar LLC, Nexcis, Reel Solar, Lucintech Inc., etc.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
• To analyze the historical growth in the market size of the global cadmium telluride solar panel market from 2017 to 2021.
• To estimate and forecast the market size of global cadmium telluride solar panel market from 2022 to 2027 and growth rate until 2027.
• To classify and forecast the global cadmium telluride solar panel market based on product type, application, fuel type, region, and competitive landscape.
• To identify dominant region or segment in the global cadmium telluride solar panel market.
• To identify drivers and challenges for global cadmium telluride solar panel market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global cadmium telluride solar panel market.
• To identify and analyze the profile of leading players operating in the global cadmium telluride solar panel market.
• To identify key sustainable strategies adopted by market players in the global cadmium telluride solar panel market.
Report Scope:
In this report, global cadmium telluride solar panel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Cadmium Telluride Solar Panel Market, By End Use:
o Residential
o Commercial
o Industrial
o Utility
• Cadmium Telluride Solar Panel Market, By Application:
o Cell Efficiency
o Process Optimization
o Ambient Temperature
o Solar Tracking
• Cadmium Telluride Solar Panel Market, By Material:
o Cadmium
o Telluride
• Cadmium Telluride Solar Panel Market, By Region:
o North America
United States
Mexico
Canada
o Europe
France
Germany
United Kingdom
Italy
Spain
Poland
Denmark
o Asia-Pacific
China
India
Japan
South Korea
Australia
Singapore
Malaysia
o Middle East & Africa
South Africa
Saudi Arabia
UAE
Iraq
Turkey
o South America
Brazil
Argentina
Colombia
Peru
Chile
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the country.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers who could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the country.
The analyst calculated the market size of global cadmium telluride solar panel market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Cadmium telluride solar panel manufacturing companies/partners
• Suppliers/Distributers
• End-Users
• Government bodies such as regulating authorities and policy makers
• Organizations, industry associations, forums and alliances related to global cadmium telluride solar panel market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global cadmium telluride solar panel market.
Available Customizations:
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06267895/?utm_source=GNW
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