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.
This press release features multimedia. View the full release here:
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.
This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing
In this report, Technavio highlights the advent of artificial
intelligence as one of the key emerging trends in the global germanium
Global germanium market: Advent of artificial
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
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.
Looking for more information on this market? Request
a free sample report
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:
Five Forces Analysis
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team
View source version on businesswire.com: https://www.businesswire.com/news/home/20180801005658/en/