Home Electronic production The electronic specialty gases market will exhibit strong demand in the period...

The electronic specialty gases market will exhibit strong demand in the period to 2029 – KSU

20
0

Amid growing concerns about the adverse environmental effects of fossil-fueled energy production, governments around the world are emphasizing the adoption of renewable energy production technologies. Among the various renewable energy generation technologies available, such as solar cells, wind turbines, hydroelectric power plants, etc., solar panels have become the fastest growing renewable energy option. Solar power installations doubled in capacity between 2016 and 2018 according to the International Energy Association, and accounted for 50% of all new renewable energy capacity additions in 2018.

The low cost per kilowatt of power generation, the abundant availability of equipment such as solar panels, and the highly decentralized nature of individual PV solar panel installations are the key factors driving this technology. Electronic specialty gases are commonly used in the manufacture of solar cells, which are the key building blocks of a solar panel and the backbone of technology. Extremely thin semiconductor layers as well as insulating films are applied to panels and wafers in a process chamber during the fabrication of solar cells.

CLICK HERE FOR A SAMPLE REPORT (INCLUDING FULL TOC, TABLE AND NUMBERS) – https://www.persistencemarketresearch.com/samples/19678

Special electronic gases are used to clean these treatment chambers of any residue left by these films or layers and allow them to operate efficiently, playing a vital role in the entire process. The rapid growth of the solar energy sector over the next decade is expected to drive the continued production of solar panels and thus influence the market demand for electronic specialty gases.

The global electronic specialty gases market was valued at around 11,000 million US $ in 2018 and is expected to exceed around 15,000 million US $ by the end of 2029. The global electronic specialty gases market is expected to grow at a CAGR of d ‘about 3%. over the period 2019-2029, and is expected to reach an aggregate value of approximately US $ 15,000 million by the end of 2029.

China Becomes the Leader in Electronic Specialty Gases Amid Profitable Workforce and Tax Exemptions

According to PMR, the Chinese market is expected to be the most dominant market for electronic specialty gases in the world due to the growing number of semiconductor and electronics manufacturing units in the region. An increasing number of multinational companies active in the electronics industry are setting up production units in China due to the cheaper labor costs and additional benefits offered by the government in the form of tax cuts and exemptions on additional overheads.

In addition, the stable political scenario and the rapid growth of the Chinese economy are also leading to the relocation of many companies from Western countries to China. In terms of value, Nitrogen Trifluoride, Hydrogen Chloride, Sulfur Hexafluoride and Disilane are the products that account for a significant share of the market demand. The strong presence of semiconductor manufacturing units along with the huge demand for electrical equipment such as transformers are expected to drive the demand for the electronic specialty gases market in China.

GET A PERSONALIZED SCOPE TO MEET YOUR NEEDS ASK AN EXPERT – https://www.persistencemarketresearch.com/ask-an-expert/19678

Growing adoption of LED lighting technology is expected to drive the growth of the electronic specialty gases market

The ongoing miniaturization of electronic devices and the influx of state-of-the-art electronic devices such as portable devices and handheld computers are one of the key factors contributing to the growth of the semiconductor industry. conductors. The development of liquid crystal and LED display devices is also contributing to the growth of the market. The need for energy efficient electrical equipment for lighting, such as LED lamps, will continue to drive the growth of the electronic specialty gases market. Electronic specialty gases such as nitrogen trifluoride are increasingly used in the manufacture of semiconductor industry products such as flat panels and thin film solar cells.

Adoption of environmentally friendly products is a key trend in the electronic specialty gases market

Manufacturers of electronic and semiconductor devices use products such as perfluorinated compounds for their industrial processes. These compounds are toxic in nature and responsible for significant greenhouse gas emissions. However, with a growing awareness of the need to reduce greenhouse gas emissions to mitigate the impact of global warming, they began to adopt much more environmentally friendly products with lower emission rates. weaker.

For example, the use of nitrogen trifluoride instead of a perfluorinated compound results in a 15-20% reduction in greenhouse gas emissions from semiconductor industries. Thus, various end users wish to adopt more environmentally friendly and sustainable products for their industrial end use.

On-site generation: a key requirement in the global electronic specialty gas market

The main players in the production and supply of electronic specialty gases offer on-site generation or separation plants to ensure a continuous supply of high purity gas in order to work closely with their customers, ensuring long-term partnerships. For example, Linde announced in May 2019 that it had set up a new plant at the Samsung Display Complex in Korea to supply 700 tonnes of ultra-pure nitrogen gas for cooling and purging at the production plant. from Samsung.

GET FULL ACCESS TO THE REPORT – https://www.persistencemarketresearch.com/checkout/19678

Likewise, in June 2019, Air Products and Chemicals Inc announced that it had won a contract for the supply of high purity nitrogen, on-site production and associated systems, liquid argon and operating services. and maintenance at MEMC Korea’s new 300mm silicon wafer manufacturing plant. in Cheonan, South Korea.

About Us:
Persistence Market Research is here to provide businesses with a one stop solution to improve customer experience. It is committed to gathering the appropriate feedback after going through personalized interactions with customers to add value to the customer experience by acting as the “missing” link between “customer relationships” and “business results”. “. The best possible returns are guaranteed there.

Contact us:
Persistence market research
305 Broadway, 7th Floor,
New York, New York 10007
United States
US Phone – + 1-646-568-7751
United States-Canada Toll Free – +1 800-961-0353
Sales – [email protected]
The Web- https://www.persistencemarketresearch.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here