Press release
Navigating the Future: Cadmium Telluride Market Trends and Forecast Insights, 2025 Edition
Cadmium Telluride
Cadmium Telluride Market Size Growth Forecast: What to Expect by 2025?
The market of cadmium telluride has witnessed swift expansion in recent times. Projected to rise from a $5.41 billion valuation in 2024 to $6.08 billion in 2025, it is set to achieve a compound annual growth rate (CAGR) of 12.5%. Factors such as early integration into solar technology, the implementation of renewable energy policies, affordable production methods, requirements for industrial automation, and concentration on energy efficiency have contributed to the growth in the past years.
How Will the Cadmium Telluride Market Size Evolve and Grow by 2029?
Cadmium telluride market growth is anticipated to accelerate in the coming years with a projected value of $9.11 billion by 2029 and a compound annual growth rate (CAGR) of 10.6%. The expansion over the prediction period is attributable to the heightened emphasis on sustainable energy, escalating demand for electronics, the development of smart cities, increased installations of solar power, and wider use in medical devices. The upcoming years could also witness a drift towards sustainable energy solutions, enhanced focus on recycling technologies, involvement in next-generation electronics, greater function in energy storage, and more collaborative efforts in the industry.
View the full report here:
https://www.thebusinessresearchcompany.com/report/cadmium-telluride-global-market-report
What Drivers Are Propelling the Growth of Cadmium Telluride Market Forward?
The cadmium telluride market is predicted to expand as a result of the growing adoption of renewable energy. Renewable energy is energy that is harvested from perpetually renewing resources like sun, wind, and water, making it a sustainable and eco-friendly energy source. Cadmium telluride is instrumental in amplifying the usage of renewable energy as it is a cost-effective and high-performing material in the creation of photovoltaic solar cells, which transform the collected sunlight into electricity. For example, as revealed by the Department for Energy Security and Net Zero in the United Kingdom in December 2023, the production of renewable electricity landed at 30.1 TWh in the third quarter of 2023, indicating a 6.8% rise in comparison to the equivalent quarter in 2022. This increase was due to the installation of 2.9 GW of fresh renewable capacity, particularly in solar PV and wind installations, which caused renewables to account for 44.5% of overall electricity production. Consequently, the escalating consumption of renewable energy is fueling the expansion of the cadmium telluride market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13817&type=smp
Which Emerging Trends Are Transforming the Cadmium Telluride Market in 2025?
Key players in the cadmium telluride market are establishing strategic alliances to enhance their market position. Such alliances are typically between organizations involved in the production, creation, or implementation of solar panels utilizing cadmium telluride technology. In July 2022, for example, Toledo Solar, an American nanotechnology firm, joined forces with SEDC Solar, a company specializing in the provision of cadmium-telluride solar panels. The objective behind this collaboration is to cater to the increasing market demand for solar panels and to deliver high-value, responsibly produced solar items to residential houses, churches, and businesses across the United States.
What Are the Key Segments in the Cadmium Telluride Market?
The cadmium telluride market covered in this report is segmented -
1) By Product: Powder, Crystal, Other Products
2) By Application: Solar Battery, Semiconductor, Laboratory Equipment, Other Applications
3) By End User: Residential, Commercial, Industrial, Utility
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=13817&type=smp
Who Are the Key Players Shaping the Cadmium Telluride Market's Competitive Landscape?
Major companies operating in the cadmium telluride market report are General Electric Company, China National Building Materials Co. Ltd, Jinko Solar, Hanwha Q CELLS Co. Ltd., Amptek Inc., First Solar Inc., National Renewable Energy Laboratory (NREL), China Sunergy Co. Ltd., Abound Solar (United Power), 5N Plus, RenewSys, Astronergy Solar, Green-tech, Kurt J. Lesker Company, AVANCIS GmbH, Janos Technology LLC, Global Solar Energy Inc., Antec Solar Energy AG, Calyxo GmbH, Lucintech Inc., Advanced Solar Power (Hangzhou) Co. Ltd., Dmsolar LLC, PrimeStar Solar, D2 Solar LLC, MaTecK GmbH, Reel Solar, Xunlight Corporation, Shanghai Chaori Solar Energy Science & Technology Co. Ltd
What Geographic Markets Are Powering Growth in the Cadmium Telluride Market?
North America was the largest region in the cadmium telluride market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cadmium telluride market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13817
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Navigating the Future: Cadmium Telluride Market Trends and Forecast Insights, 2025 Edition here
News-ID: 4119697 • Views: …
More Releases from The Business Research Company
Metalized Films Market Growth Accelerates: Strategic Forecast Predicts $3.59 Bil …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Metalized Films Industry Market Size Be by 2025?
There has been a robust growth in the market size of metalized films in the past years. The market size is projected to increase from $2.65 billion in 2024 to $2.8 billion in 2025, with a compound annual…
Emerging Trends to Reshape the Furan Resin For Casting Market: Technological Adv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Furan Resin For Casting Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size for furan resin for casting has seen robust growth. An increase from $41.17 billion in 2024 to $43.96 billion in 2025 is anticipated, representing a compound annual…
Forged And Stamped Goods Market Landscape to 2034: Key Forces Shaping the Next D …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Forged And Stamped Goods Market Size By 2025?
The market size for forged and stamped goods has seen a stable growth over the past few years. Its projected size will increase from $279.43 billion in 2024 to $290.3 billion in 2025, showing a compound annual…
Soaring Demand Set to Propel Alloy Steel Market to $166.66 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Alloy Steel Market Through 2025?
In the past few years, there has been a slight increase in the size of the alloy steel market. The market, which is projected to expand from $148.14 billion in 2024 to $150.13 billion in 2025, expects…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report
The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermal…
