LONDON--(BUSINESS WIRE)--TechNavio, a tech-focused research firm, has published a new report on the Global Carbon Nanotubes (CNTs) Market, which is expected to grow at a CAGR of 14.84 percent from 2014-2019.
According to the latest report by TechNavio, some research centers have developed carbon nanotubes that can be utilized in solar cells as an alternative to silicon.
“The use of carbon nanotubes instead of silicon will result in increased conversion efficiency of modern solar cells,” says Faisal Ghaus, Vice President of TechNavio.
CNTs also have the potential to replace fragile and expensive indium tin-coated films, which are currently being used in applications like liquid crystal displays, solar cells, touch screens and organic light-emitting diodes.
Additionally, the report highlights increased production capacity as a strong driver of market growth. With the increased demand for carbon nanotubes in different applications like consumer goods, electronics, energy and healthcare, many vendors are investing heavily in new production facilities to capitalize on this surge.
“Vendors are increasingly adopting new production technologies, which can help them diversify their production capabilities from traditional markets to new, emerging markets,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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