Cadmium in Semiconductors and Electronics Market is Expected to Gain Popularity Across the Globe

Cadmium is an inorganic compound with red-black solid appearance and it is categorised as semiconductor of n-type. The chemical formula of cadmium is CdSe. Cadmium is used in various applications such as manufacturing of industrial paints and batteries. The growing demand of cadmium in semiconductors and electronics is due to its malleability and ductility properties. Cadmium is also used as protective coating on metals in electronic and semiconductors market owing to its corrosion resistant property. Research and development departments are more focused on its nanoparticles for various new applications.

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Increasing demand of cadmium in semiconductors and electronics for various applications such as Cadmium zinc telluride are used in manufacturing of semiconductor radiation detectors, electro-optic modulators, photorefractive gratings, terahertz generation & detection and solar cells. In addition, cadmium oxide is used in manufacturing of thin films in production of transparent conductors, which are again used in applications such as photodiodes, photovoltaic cells, liquid crystal displays, phototransistors, anti-reflection coatings and IR detectors. Furthermore, rising per capita income and growing demand of electronic products are expected to fuel the growth of global cadmium in semiconductors and electronics market.

Global cadmium in semiconductors and electronics market is hampered by the higher cost of cadmium types and stringent government regulations on production of cadmium. Cadmium may cause certain health issues, excessive cadmium in human body can lead to cancer, kidney failure and lung diseases, which may also result in death. In addition, global cadmium in semiconductors and electronics market is also restrained by the hazardous effects of toxic waste on environment that cause soil, water and air pollution. To overcome such restraints, global manufacturing companies are using safety kits and safety rules. The growing demand of cadmium in display technology such as quantum dots (QD) or semiconductor nano crystals act as opportunities for the global cadmium in semiconductors and electronics market.

The term cadmium in semiconductors and electronics is coined based on the production and consumption of cadmium in electrical and electronics devices. In terms of production, Asia Pacific is expected to dominate the global market, China is estimated to remain a prominent producer of cadmium in Asia Pacific followed by Korea and Japan. In Latin America, Mexico is expected to hold the maximum share followed by Brazil. Canada is expected to dominate the regional market in North America and in Europe, Russia is expected to lead the regional market followed by Germany.

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Whereas, in terms of consumption of semiconductors and electronics, Asia Pacific is expected to dominate the global cadmium in semiconductors and electronics market. China is expected to hold a greater share in the region followed by India. North America is expected to show significant growth in global cadmium in semiconductors and electronics market followed by Western Europe and Japan.

Nano Electronics Market : Global Market Snapshot by 2026

With the current development in technologies such as mobile wireless devices, IOT, cloud computing, and ubiquitous electronics there has been rise in the demand for Nano materials to harvest energy and sensor integration. Moreover, Nano Electronics technology is demanded to manufacture new devices, network architecture, and to design new manufacturing processes with low cost and time. At present, Nano electronics technology is rising at a considerable rate due to its usage for increasing transmission speed between integrated circuits, reducing power consumption.

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Nano electronics works with the usage of nanotechnology for electronic components utilizing technology less than 100 nm in size that will help in reducing the size of computer systems.

With the changing scenario in electronics market, the manufacturers are emphasizing the development of Nano electronics components such as molecular memory, light weight photovoltaic cells and biosensors.

The major factor driving Nano electronics market is the molecular electronics. The development of this technology and the emergence of spin based computing is helping this market to grow significantly. Another factor driving this Nano electronics market is the development of Spintronics with Nano Electronics that will help in the development of spin based computing in coming year.

This his technology is still in its introductory phase therefore there is less awareness among electronics product manufactures that hinders the Nano electronics market growth. Furthermore, it is not easy to use this technology for various components as in some components scaling could be different.

Nano Electronics Market: Segmentation

In this Nano Electronics market companies offer Nano Electronics materials primarily

Segmentation on the basis of material:

  • Aluminum Oxide Nanoparticles
  • Carbon Nanotubes
  • Copper Oxide Nanoparticles
  • Gold Nanoparticles
  • Iron Oxide Nanoparticles
  • Others

Segmentation on the basis of application:

  • Transistors
  • Integrated Circuits
  • Photonics
  • IOT and wearable Devices
  • Electronic textile
  • Others 

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Some of the key players in Nano Electronics market are Everspin Technologies, IBM, IMEC, HP and OD Vision

Marine Propulsion Engine Market size anticipated to grow at 4.3% CAGR from 2016 to 2024.

Marine Propulsion Engine Market share is dominated by companies such as MAN Diesel, Rolls Royce, Mitsubishi, and Wärtsilä. The industry is characterized by long term contracts and frequent mergers & acquisitions to achieve competitive advantage.

Marine Propulsion Engine Market size is expected to reach USD 13.31 billion by 2024; according to a new research report by Global Market Insights, Inc.

 

Europe Marine Propulsion Engine Market size, by product, 2013-2024 (USD Million)

Europe Marine Propulsion Engine Market size, by product, 2013-2024 (USD Million)

High demand for operationally dependable and fuel efficient ships will drive the marine propulsion engine market share over the forecast timeline. Rapid innovation has led to the development of new energy efficient and high performance products. Industry participants such as Rolls-Royce and Wärtsilä have continuously innovated and extended their product offerings to cater to growing demand for capacity handling.

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With decreasing demand for fuel bunkers, nuclear propulsion delivers more cargo space without refueling. Growing trend towards the development of the powerful engines in the shipping industry has been supplemented by the introduction of supertankers. Shift towards unconventional energy sources will fuel the marine propulsion market size over the forecast timeframe.

Power derived from wind is free from exhaust pollutants. Solar power is also utilized as an auxiliary power source with the help of photovoltaic cells to generate electricity, thus driving the future of propulsion systems.

Growing efforts toward enhancing engine capacities and introduction of larger cargo holding capacity containers has led to rapid innovation and development initiatives. Depleting shale and conventional gas reserves has increased demand for LNG (Liquefied Natural Gas) as marine fuel. It is used in reciprocating engines owing to its effective combustion capabilities.

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Fuel cells will witness substantial growth opportunities due to high performance characteristics in auxiliary propulsion and low-power machinery. The shipping industry has diverted its focus on reducing consumption of fossil fuel by developing electric motors, thereby contributing to energy efficiency.

Stringent emission regulations by International Convention for Prevention of Pollution (MARPOL) may hinder the marine propulsion engine market size over the forecast timeline. MARPOL regulations are principally applied for marine environment protection. Violations caused due to chemical spills, exhaust gases leading to air pollution, and contamination of oil and sewage waste may lead to severe penalties.

 

Key insights from the report include:

  • Diesel propulsion engine market size was upwards of USD 6 billion in 2015, it will grow at 4.2% CAGR estimation over the next eight years. This can be attributed to significant improvements in various technologies such as firing pressures, fuel injection technology, turbo-charging efficiency and brake mean effective pressure.
  • Rising adoption of electric transmission will augment fuel cell usage in the long term. Generation of green hydrogen using renewable energy is also anticipated to trigger technology adoption in the coming years.
  • Solar and wind segment accounted for more than 3% of the 2015 industry revenue with 6% CAGR forecast. Favorable government initiatives and investments in the development of renewable energy sources-powered products will drive demand.
  • Significant investments by China and South Korea will drive Asia Pacific marine propulsion engine market share. The regional industry was valued at more than USD 4.5 billion in 2015 and will grow at 4.8% CAGR. 

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Thin Film Photovoltaic Cells Market Estimated to Grow Strongly by 2024

PMR

Photovoltaic method is used for the generation of electrical power. Solar radiation is converted into direct electricity with the help of semiconductors. Photovoltaic cells are also known as solar cells which are used to generate the voltage when radiant energy falls on the boundary between dissimilar substances.

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Semiconductors are been differentiated via energy band gap and the type of band gap. Band gap energy is the energy needed to allow an electron in an atom’s shell to break away from the atom and flow freely in the material.  The higher the band gap energy the higher would be the energy of light required to release an electron to conduct current. Higher band gap results in low power and low current because of less number of electrons and vice versa.

The major drivers of this market includes low cost and able to automate numerous manufacturing process. The main factor that is restraining the growth of this market is it provides very low efficiency.

The market could be segmented on the basis of materials used which includes Silicon (Si), Germanium (Ge), Cadmium Telluride (CdTe), Gallium Arsenide (GaAs), Copper Indium Diselenide (CIS) and Copper Indium Gallium Selenide (CIGS) among others. In addition, the market could be segmented on the basis of geography which includes North America, Europe, Asia-Pacific and RoW.

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Some of the key players dominating this market are First Solar, Sharp, Trony Solar, NextPower, Solar Frontier, Kaneka Solartech Co. Ltd., Inventux Tech. AG, Sungen International, Bosch, Greenshine New Energy, Canadian Solar, China Sunergy and Evergreen solar among others.