The global germanium market is expected to post a CAGR of close to 7%
during the period 2018-2022, according to the latest market research
report by Technavio.
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Technavio has published a new market research report on the global germanium market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the growth in the solar
installation market. The use of germanium substrates in solar energy
production has increased over the last few years, due to properties such
as low cost and increased efficiency. Germanium substrate material is
used for manufacturing gallium arsenide solar cells. These cells are
used for producing concentrated solar power. CSP technology produces
efficient, sustainable, and diverse energy. Germanium and germanium
materials offer benefits such as improved efficiency of plants, thermal
energy storage, and power cycles operating at high temperature.
This market research report on the global
germanium market 2018-2022 also provides an analysis of the most
important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.
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In this report, Technavio highlights the advent of artificial
intelligence as one of the key emerging trends in the global germanium
market:
Global germanium market: Advent of artificial
intelligence
Artificial intelligence refers to stimulation and working of
machine/robots similar to humans. Hardware used by the artificial
intelligence sector requires semiconductors and other microelectronic
components. These are fabricated using materials such as germanium
alloys, silicon, electronic gases, and photoresist ancillaries. The
demand for materials required for producing artificial intelligence
hardware will increase during the forecast period.
“Microprocessors are extensively used in electronic devices and are
the most expensive semiconductor components. Only a few selected
manufacturers produce and sell microprocessors in the market. The
graphics processing unit, central processing unit, programmable field
gate, and application-specific IC manufacturing companies are investing
heavily in the artificial intelligence sector and focus on introducing
new products. Artificial intelligence chipsets will help provide
intelligence in conjunction with microprocessors,” says a senior
analyst at Technavio for research on metals and minerals.
Global germanium market: Segmentation analysis
This market research report segments the global germanium market by
application (fiber optics, infrared optics, polymerization catalysts,
and electronic and solar) and geographical regions (APAC, EMEA, and the
Americas).
The fiber optics segment held the largest market share in 2017,
accounting for nearly 33% of the market. This application segment is
expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 49% of the
market share. The market share occupied by this region is anticipated to
increase during 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation
Geographical Segmentation
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
About Technavio
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180801005658/en/