Cadmium Telluride Global Market Report 2025

Description

Cadmium telluride is a stable crystalline compound formed from cadmium and tellurium, exhibiting a high melting point of 1041°C and a vapor pressure of zero at ambient temperatures. Its primary application lies in thin-film solar cell technology, providing an efficient and cost-effective means of converting sunlight into electricity.

The main types of cadmium telluride products include powder, crystal, and others. In this context, powder refers to a finely ground or pulverized substance consisting of small, individual particles. Powdered cadmium telluride finds use in the fabrication of thin-film solar cells, contributing to the production of efficient and lightweight photovoltaic devices. These applications span across solar batteries, semiconductors, laboratory equipment, and others, catering to various end-users such as residential, commercial, industrial, and utility sectors.

The cadmium telluride market research report is one of a series of new reports from The Business Research Company that provides cadmium telluride market statistics, including cadmium telluride industry global market size, regional shares, competitors with a cadmium telluride market share, detailed cadmium telluride market segments, market trends and opportunities, and any further data you may need to thrive in the cadmium telluride industry. This cadmium telluride market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cadmium telluride market size has grown rapidly in recent years. It will grow from $5.41 billion in 2024 to $6.08 billion in 2025 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to early adoption in solar technology, renewable energy policies, cost-effective manufacturing, industrial automation needs, energy efficiency focus.

The cadmium telluride market size is expected to see rapid growth in the next few years. It will grow to $9.11 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to increased focus on sustainable energy, growing demand for electronic devices, emergence of smart cities, increasing solar power installations, expanding applications in medical devices. Major trends in the forecast period include shift towards sustainable energy solutions, increasing focus on recycling technologies, integration in next-generation electronics, growing role in energy storage, increased collaboration in the industry.

The escalating adoption of renewable energy sources is set to drive the expansion of the cadmium telluride market in the foreseeable future. Renewable energy, derived from naturally replenishing sources such as sunlight, wind, and water, represents a sustainable and environmentally friendly alternative to traditional energy sources. Cadmium telluride plays a pivotal role in advancing renewable energy utilization as a cost-effective and efficient material utilized in the production of photovoltaic solar cells. These cells have the capability to convert absorbed sunlight into electricity, thereby contributing to the growth of renewable energy generation. For instance, data from reports published by the Department for Energy Security and Net Zero in December 2023 revealed a substantial increase in renewable electricity generation, reaching 30.1 TWh in Quarter 3rd of 2023. This surge, representing a 6.8% uptick compared to the same period in 2022, was fueled by the addition of 2.9 GW of new renewable capacity, particularly in solar PV and wind installations. As renewables' share of total electricity generation reached 44.5%, the increasing utilization of renewable energy sources emerges as a primary driver propelling the growth of the cadmium telluride market.

Prominent entities in the cadmium telluride market are strategically forging partnerships to bolster their competitive positioning and capitalize on market opportunities. These strategic partnerships entail collaborative agreements or alliances between entities involved in the development, manufacturing, or deployment of solar panels leveraging cadmium telluride technology. For example, in July 2022, Toledo Solar, a leading nanotechnology company based in the United States, entered into a partnership with SEDC Solar, a renowned US-based company specializing in cadmium-telluride solar panels. This collaborative venture aims to address the surging market demand for solar panels and deliver high-quality, ethically manufactured solar products to local residences, churches, and businesses across the United States. By leveraging synergies through strategic partnerships, companies endeavor to enhance their market presence and drive the proliferation of cadmium telluride-based solar solutions, thereby contributing to the broader adoption of renewable energy.

In April 2024, ZSW, a German research center specializing in solar energy and hydrogen, partnered with First Solar to advance thin-film tandem solar technology on a gigawatt scale, focusing on performance and efficiency improvements. The collaboration will center on optimizing thin-film materials to enhance solar spectrum interaction, thus boosting efficiency. ZSW will contribute its expertise in CIGS (Copper Indium Gallium Selenide) thin-film technology, while First Solar will bring its eco-efficient, low-carbon cadmium telluride-based solar modules. First Solar, Inc. is a U.S.-based solar company known for manufacturing cadmium telluride thin-film solar modules.

Major companies operating in the cadmium telluride market report are General Electric Company, China National Building Materials Co. Ltd, Jinko Solar, Hanwha Q CELLS Co. Ltd., Amptek Inc., First Solar Inc., National Renewable Energy Laboratory (NREL), China Sunergy Co. Ltd., Abound Solar (United Power), 5N Plus, RenewSys, Astronergy Solar, Green-tech, Kurt J. Lesker Company, AVANCIS GmbH, Janos Technology LLC, Global Solar Energy Inc., Antec Solar Energy AG, Calyxo GmbH, Lucintech Inc., Advanced Solar Power (Hangzhou) Co. Ltd., Dmsolar LLC, PrimeStar Solar, D2 Solar LLC, MaTecK GmbH, Reel Solar, Xunlight Corporation, Shanghai Chaori Solar Energy Science & Technology Co. Ltd

North America was the largest region in the cadmium telluride market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cadmium telluride market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the cadmium telluride market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The cadmium telluride market consists of sales of flexible solar panels, diodes, memory chips, transistors, and thin-film solar modules. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Cadmium Telluride Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cadmium telluride market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for cadmium telluride ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cadmium telluride market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Product: Powder; Crystal; Other Products
2) By Application: Solar Battery; Semiconductor; Laboratory Equipment; Other Applications
3) By End User: Residential; Commercial; Industrial; Utility
Companies Mentioned: General Electric Company; China National Building Materials Co. Ltd; Jinko Solar; Hanwha Q CELLS Co. Ltd.; Amptek Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r27605

1. Executive Summary

2. Cadmium Telluride Market Characteristics

3. Cadmium Telluride Market Trends And Strategies

4. Cadmium Telluride Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Cadmium Telluride Growth Analysis And Strategic Analysis Framework

5.1. Global Cadmium Telluride PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Cadmium Telluride Market Growth Rate Analysis
5.4. Global Cadmium Telluride Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Cadmium Telluride Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Cadmium Telluride Total Addressable Market (TAM)

6. Cadmium Telluride Market Segmentation

6.1. Global Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Powder
Crystal
Other Products
6.2. Global Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Solar Battery
Semiconductor
Laboratory Equipment
Other Applications
6.3. Global Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Residential
Commercial
Industrial
Utility

7. Cadmium Telluride Market Regional And Country Analysis

7.1. Global Cadmium Telluride Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Cadmium Telluride Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Cadmium Telluride Market

8.1. Asia-Pacific Cadmium Telluride Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Cadmium Telluride Market

9.1. China Cadmium Telluride Market Overview
9.2. China Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Cadmium Telluride Market

10.1. India Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Cadmium Telluride Market

11.1. Japan Cadmium Telluride Market Overview
11.2. Japan Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Cadmium Telluride Market

12.1. Australia Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Cadmium Telluride Market

13.1. Indonesia Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Cadmium Telluride Market

14.1. South Korea Cadmium Telluride Market Overview
14.2. South Korea Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Cadmium Telluride Market

15.1. Western Europe Cadmium Telluride Market Overview
15.2. Western Europe Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Cadmium Telluride Market

16.1. UK Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Cadmium Telluride Market

17.1. Germany Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Cadmium Telluride Market

18.1. France Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Cadmium Telluride Market

19.1. Italy Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Cadmium Telluride Market

20.1. Spain Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Cadmium Telluride Market

21.1. Eastern Europe Cadmium Telluride Market Overview
21.2. Eastern Europe Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Cadmium Telluride Market

22.1. Russia Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Cadmium Telluride Market

23.1. North America Cadmium Telluride Market Overview
23.2. North America Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Cadmium Telluride Market

24.1. USA Cadmium Telluride Market Overview
24.2. USA Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Cadmium Telluride Market

25.1. Canada Cadmium Telluride Market Overview
25.2. Canada Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Cadmium Telluride Market

26.1. South America Cadmium Telluride Market Overview
26.2. South America Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Cadmium Telluride Market

27.1. Brazil Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Cadmium Telluride Market

28.1. Middle East Cadmium Telluride Market Overview
28.2. Middle East Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Cadmium Telluride Market

29.1. Africa Cadmium Telluride Market Overview
29.2. Africa Cadmium Telluride Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Cadmium Telluride Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Cadmium Telluride Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Cadmium Telluride Market Competitive Landscape And Company Profiles

30.1. Cadmium Telluride Market Competitive Landscape
30.2. Cadmium Telluride Market Company Profiles
- 30.2.1. General Electric Company Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. China National Building Materials Co. Ltd Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. Jinko Solar Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Hanwha Q CELLS Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Amptek Inc. Overview, Products and Services, Strategy and Financial Analysis

31. Cadmium Telluride Market Other Major And Innovative Companies

31.1. First Solar Inc.
31.2. National Renewable Energy Laboratory (NREL)
31.3. China Sunergy Co. Ltd.
31.4. Abound Solar (United Power)
31.5. 5N Plus
31.6. RenewSys
31.7. Astronergy Solar
31.8. Green-tech
31.9. Kurt J. Lesker Company
31.10. AVANCIS GmbH
31.11. Janos Technology LLC
31.12. Global Solar Energy Inc.
31.13. Antec Solar Energy AG
31.14. Calyxo GmbH
31.15. Lucintech Inc.

32. Global Cadmium Telluride Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Cadmium Telluride Market

34. Recent Developments In The Cadmium Telluride Market

35. Cadmium Telluride Market High Potential Countries, Segments and Strategies

35.1 Cadmium Telluride Market In 2029 - Countries Offering Most New Opportunities
35.2 Cadmium Telluride Market In 2029 - Segments Offering Most New Opportunities
35.3 Cadmium Telluride Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer