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Consumer Electronics Leading Growth in Single Crystal Germanium Market

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Published on : Apr 01, 2020

ResearchMoz.us has announced the addition of a report, titled “Global Single Crystal Germanium Market Insights, Forecast to 2025”. The report on the global Single Crystal Germanium market offers an elaborate assessment of key growth trends and drivers, recent developments in the market, the competitive ecosystem, and opportunity and challenges analysis. Segments in the report are created by product type and application.

The report segmentation includes by type, by application, by region and also has a breakdown of regional consumption of single crystal germanium. By type, the divisions are solar grade, infrared grade, and detector grade. And, by application, divisions include semiconductor device, infrared imager and solar device.

The global single crystal germanium market is set to take the high trajectory, between 2019 and 2025, owing to a stead CAGR (Compound Annual Growth Rate. The factors supporting this growth are multiple and varied. And, one of the most significant in the list is the rise in demand of electronics that the coming decade is all set to witness. Used as a semi-conductor in electronics, this will drive market for single crystal germanium notably.

It is also worth pointing out here that as more and more people are adopting technology in their everyday life for a variety of chores and use, the demand for single crystal germanium market will see and increase. In fact, as per a recent research market for consumer electronics is set to witness growth of about 15% CAGR.

This demand is a result of an aspirational middle class’s rise in disposable income. There is also a generational aspect to the growth of consumer electronics – need for convenience. And, thus one can note demand for smart electronics see no end.

Also, as governments all over the globe, and particularly in the developing nations, are pushing for digitization across verticals and domains. And, owing to high usage of internet, this does is not a distant dream. This boost leads to growth in demand for electronics, which ultimately leads to growth in single crystal germanium market.

It is noteworthy here that use in solar cells is also a considerable factor, driving its demand over the forecast period.

Its use in other industries such as optical, thin film and so on makes the markets coextensive, growth in one, generate growth in the other. It is also a good allowing agent and is also used as catalysts in certain processes. Besides, it acts as a phosphor in lamps that are fluorescent.

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Some of the most prominent players in the market include China Germanium, PS (Jenoptik), Yunnan Germanium, AXT, Yunnan Germanium, Umicore, PPM, Chihong Zn and Ge, and Baoding Sanjing, among others. These are profiled in the report, along with insights on market share, strategies and development plans. Most of these players opt for varied strategies, often an eclectic mix of mergers, acquisitions, keen focus on product development, partnerships and collaborations, and so on. 

The regional breakdown of data is segregated into regions of United States, Europe, China, Japan, and other regions. It is predicted that over the forecast period, Asia Pacific Excluding Japan (APEJ) will lead to significant growth in the market, charting a notable growth rate, owing to rising disposable income. It is worthy of noting here that rising disposable income is a natural outcome of great economic performance by nations in the region. That leads to better standard of living. And, in turn, it brings boosts market for consumer electronics, a major propeller of the global single crystal germanium.