Lucintel Forecasts the Global Germanium Market to Reach $208 Million by 2030
Lucintel Forecasts the Global Germanium Market to Reach $208 Million by 2030
Blog Article
According to a market report by Lucintel, the future of the global germanium market looks promising with opportunities in the solar industry. The global germanium market is expected to reach an estimated $208 million by 2030 from $149 million in 2023 at a CAGR of 5% from 2023 to 2030. The major drivers for this market are the growing demand of fiber in optics communication networks and the miniaturization of electronic components.
A more than 150–page report is developed to understand Trends, opportunity and forecast in germanium market to 2030 by application (catalyst, solar panels, consumer electronics, others), end use industry (electronics, aerospace, renewable energy, chemical, others), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW)
Lucintel forecasts that optical fibers will remain the largest segment over the forecast period.
Within this market, consumer electronics and solar PV are the largest end use industries.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growth of solar PV and consumer electronics industries.
Yunnan Chihong Zinc & Germanium Co., Ltd., Shaoguan Smelting Plant, and China Germanium Co., Ltd. are the major suppliers in the germanium market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056