openPR Logo
Press release

The Electronic Specialty Gases Market to witness rectified growth out of innovation between 2019 to 2029

The Electronic Specialty Gases Market to witness rectified

Amid growing concerns around the harmful environmental effects of fossil fuel powered, energy generation, governments around the world are emphasizing the adoption of renewable power generation technologies. Out of the various renewable power generation technologies available, such as solar cells, wind turbines, hydro stations etc., solar panels have emerged as the fastest growing renewable power 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 power capacity additions in 2018.

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

To remain 'ahead' of your competitors, request for a samples@

Electronic specialty gases are used to clean these process chambers of any residue left by these films or layers and allow them to operate efficiently, playing a critical role in the overall process. Rapid growth in the solar power sector in the coming decade is projected to drive continuing production of solar panels and thus influence the market demand for electronic specialty gases.

The Global electronic specialty gases market was valued to be ~US$ 11,000 Mn in 2018 and is expected to exceed ~US$ 15,000 Mn by the end of 2029. The global electronic specialty gases market is projected to grow at a CAGR of ~3% during 2019-2029, and is estimated to reach a global value of ~US$ 15,000 Mn by the end of 2029.

China is Emerging as the Frontrunner in Electronic Specialty Gases on the Backdrop of Cost-Effective Labor and Tax Waivers

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

Furthermore, the stable political scenario and the rapidly growing economy of China is also resulting in many companies moving to China from the western countries. In terms of value, nitrogen trifluoride, hydrogen chloride, sulfur hexafluoride and disilane are the products that account for a substantial portion of the market demand. The large presence of semiconductor fabrication units as well the huge demand for electrical equipment such as transformers is projected to drive demand for the electronic specialty gases market in China.

For critical insights, request for methodology @

The Growing Adoption of LED Lighting Technology Is Projected to Aid the Growth of the Electronic Specialty Gases Market

The ongoing miniaturization of electronic devices and the influx of technologically advanced electronic devices such as wearables and palmtops is one of the key factors which is helping the growth of the semiconductor industry. The development of Liquid Crystal Display and LED display devices is also helping in the growth of the market. The need for energy efficient electrical equipment for illumination such as LED lamps will continue to propel the growth of the electronic specialty gases market. Electronic specialty gases such as nitrogen trifluoride find increasing use in the manufacture of semiconductor industry products such as flat-panel displays and thin film solar cells.

Adoption of Environmental Friendly Products Is a Key Trend of the Electronic Specialty Gases Market

Electronics and semiconductor device manufacturers have been using products such as perfluorinated compounds for their industrial processes. These compounds are toxic in nature as well as responsible for substantial greenhouse gas emissions. However, with growing awareness of the need to reduce greenhouse emissions to mitigate the impact of global warming, they have begun adopting much more environmentally friendly products with lower emission rates. For example, the usage of nitrogen trifluoride in place of a perfluorinated compound results in 15% to 20% reduction in greenhouse gas emissions from semiconductor industries. Thus, various end users are keen on the adoption of greener and sustainable products for their industrial end use purposes.

On-Site Generation: A Key Winning Imperative in the Global Electronic Specialty Gases Market

The leading players in the production and supply of electronic specialty gases are offering on-site generation or separation plants to ensure continuous supply of high purity gases in order closely collaborate with their clients, ensuring long term partnerships. For example, Linde announced in May 2019 that it had set up a new plant at Samsung Display Complex in Korea to supply 700 tons of ultra-pure gaseous nitrogen for cooling and purging purposes at Samsung's Production facility. Similarly, in June 2019, Air Products and Chemicals Inc announced that it had been awarded a contract to supply high purity nitrogen, on-site generation and associated systems, liquid argon, and operation and maintenance services to MEMC Korea's new 300mm silicon wafer fabrication facility in Cheonan, South Korea.

For in-depth competitive analysis, buy now@

Complete Report Details@

Read More Trending "PMR Exclusive Article"-

Gcc Industrial Gases Market@

Gcc Activated Carbon Market@

Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales -
Website -

About us-
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on "micros" by Persistence Market Research helps companies overcome their "macro" business challenges.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Electronic Specialty Gases Market to witness rectified growth out of innovation between 2019 to 2029 here

News-ID: 2633368 • Views: 108

More Releases from Persistence Market Research

Ophthalmic Imaging Equipment Market to witness a CAGR of around 5% over the fore …
The Ophthalmic Imaging Equipment Market is bound to grow on a gracious note in the next 10 years. The healthcare vertical is shifting to "value" from "production". This shift concerning collaboration (in place of competition) is expected to set new benchmarks in the Ophthalmic Imaging Equipment Market. This fast-moving environment is expected to take the healthcare vertical by storm in the next decade. The global ophthalmic imaging equipment market was valued
Industrial Engine Market is Expected to Increase at Around 6% CAGR by 2021-2031
Global industrial engines sales are set to be valued at over US$ 158 Bn in 2021, with stable long-term projections, according to latest insights by Persistence Market Research. The report estimates the market to expand at over 6% CAGR from 2021 to 2031. Growing need for agriculture equipment and agriculture produce has led to heightened demand for industrial engines from sectors such as agriculture, oil & gas, power generation, and
Glycobiology Market to expand at an impressive CAGR of nearly 13% from 2022 to 2 …
The Glycobiology Market is slated to grow at a gracious rate of 13%, reaching US$ 3.5 Bn by the year 2030. With value-oriented approach being the need of the hour, the healthcare vertical is likely to go the technologically advanced way in the next 10 years. With Big Data, AI comprising these advancements, the healthcare vertical is bound to create greater strides going forward. Extensive research related to carbohydrate molecules in
Air Intake System Market: Top Companies, Trends and Growth Factors Details for B …
The air intake system market is estimated to increase at a value CAGR of 3.6% over the forecast period of 2022-2032 to reach a valuation of nearly US$ 17.8 Bn by the end of 2032. This report provides in depth study of "Air Intake System Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Air Intake System Market report also provides an in-depth survey of key

All 5 Releases

More Releases for Electronic

Electronic Logging Device Canada
There are some trucking companies that have what is known as an electronic logging device. This logger is actually a computer software program that keeps track of everything that goes on with the trucks. It can track the route, the fuel consumption and the maintenance on the vehicle. The trucking electronic logging devices in the truck can be hooked up to the company computer system and all of this can
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
This report titled as Electronic Voting Machine Market gives a brief about the comprehensive research and an outline of its growth in the market globally. Electronic voting is voting that uses electronic means to either aid or take care of casting and counting votes. Depending on the particular implementation, e-voting may use standalone electronic voting machines or computers connected to the Internet. It may encompass a range of Internet services,
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
The Electronic Voting Machine Market requires the prevailing regions in the market during the forecast period. Evidence on the region leading the market are some of the facets that are highlighted under this section of the report. A voting machine is a machine used to register and tabulate votes. The first voting machines were mechanical but it is increasingly more common to use electronic voting machines. Traditionally, a voting machine
Electronic Recycling Market - Increasing Consumption of Electronic Devices
In a report published recently, Transparency Market Research (TMR) provides insights into the growth drivers and restraints impacting the global electronic recycling market. The report is titled “Electronic Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019” and is available on the company website for sale. Based on the findings of the survey conducted, the report pegs the global market for electronic recycling market
Electronic Security Market
Electronic security consists of all the systems that use electronic devices and embedded technology to enhance safety measures and protect human life and physical assets. Electronic security systems are also used in business operations to protect confidential business data and to track unauthorised access to business related information and assets. Rise in urbanisation has led to development of smart cities, which has resulted in adoption of security systems as they
Global Electronic Pipettes Market 2015, Electronic Pipettes Market Growth, Elect …
9D Research Group has recently announced the addition of new report "Electronic Pipettes Market 2016 - Global Industry Size, Trends, Growth, Share, Opportunities and Forecast by 2020" to their offering. Global Electronic Pipettes Industry 2016 Market Research Report was a professional and depth research report on Global Electronic Pipettes industry that you would know the world's major regional market conditions of Electronic Pipettes industry, the main region including North American, Europe