Cadmium Telluride Market by Application (Solar Cell, Semiconductor, Laboratory Equipments, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Cadmium Telluride Market size was valued at USD 7.6 Billion in 2023 and is projected to reach USD 15.11 Billion by 2032, exhibiting a CAGR of 10.32 % during the forecast period. Cadmium Telluride or CdTe is a certain type of semiconductor compound that is popular specifically in photovoltaic solar cells. It can be in single crystal as well as polycrystalline films and layers and in addition, it is transparent. Again, important characteristics of CdTe include the capacity to absorb substantial sunlight intensity, a suitable band gap for conversion of solar energy, and a relatively low cost of manufacturing compared to silicon for the fabrication of the cells. Furthermore, this material has beneficial properties for thin-film use, which is perfect for many utility-scale solar production applications. Areas of use of CdTe It’s mostly used in renewable energy bases where it’s used to manufacture affordable yet efficient solar modules suitable for residential, commercial, and utility.
Application
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 10.32% from 2019-2033 |
Segmentation |
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 10.32% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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