Cadmium telluride (CdTe) is compound formed from tellurium and cadmium. It is used in solar cells and infrared optical material in lenses and optical windows. CdTe is used in photovoltaic cells and converts sunlight into electricity. The cost of CdTe based solar cells is relatively cheaper as compared to other products. In addition, the manufacturing is simplified as compared to other materials. Cadmium telluride is the first material used in thin film solar cells. CdTe is applied on electro-optic modulators due to its higher electro-optic coefficient than other compounds.
The market for cadmium telluride was mainly driven by increasing demand for photovoltaic solar cells. Increasing demand for solar energy due to depletion of conventional energy sources and huge demand for renewable energy sources is expected to drive the market growth. CdTe has major application in solar cells and the demand is anticipated to grow in the near future. The major opportunity for CdTe market is growing investments and initiatives from various governments in solar energy sector. However, regulatory governing polices, tellurium supply shortage and lower efficiency levels associated with cadmium telluride can be major restraint for the market in the near future.
In terms of demand, Europe was the leading region for cadmium telluride market in 2012. The demand for CdTe is huge especially, from thin film solar cells. However, instability in European market can be major challenge for the market. Europe was followed by North America. The demand in this region is growing for thin film solar panels. However, the demand is huge for CdTe as an infrared optical material. Asia Pacific had third-largest share for cadmium tellurium market. The Rest of the World market is likely to exhibit stable demand for cadmium telluride market in near future.
Some of the key manufacturers in the cadmium telluride market are First Solar Inc., Advanced Solar Power., Calyxo GmbH and Lucintech among others.
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