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 ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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