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Tellurium Market to Expand by USD 315 Million from 2024-2028, Driven by Rising Demand in Consumer Electronics, AI’s Impact on Market Dynamics – Technavio Report

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NEW YORK, Aug. 27, 2024 /PRNewswire/ — The global tellurium market  size is estimated to grow by USD 315 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.84%  during the forecast period.  Increased demand from consumer electronics industry is driving market growth, with a trend towards green bonds fueling demand for tellurium. However, stringent environmental and safety regulations on tellurium  poses a challenge. Key market players include 5N PLUS Ltd., Aurubis AG, Boliden AB, II VI Inc., Kisan Kinzoku Chemicals Co. Ltd, Pan Pacific Copper Co. Ltd., PJSC MMC Norilsk Nickel, Rio Tinto Ltd., Sino Santech Materials Technology Co. Ltd., Shinko Chemical Co. Ltd., Umicore SA, and UMMC Holding Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Pure tellurium and Telluride), Application (Solar panels, Thermoelectric production, Metallurgy, and Others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

5N PLUS Ltd., Aurubis AG, Boliden AB, II VI Inc., Kisan Kinzoku Chemicals Co. Ltd, Pan Pacific Copper Co. Ltd., PJSC MMC Norilsk Nickel, Rio Tinto Ltd., Sino Santech Materials Technology Co. Ltd., Shinko Chemical Co. Ltd., Umicore SA, and UMMC Holding Corp.

Key Market Trends Fueling Growth

Green bonds, which are used for investments in environmentally-friendly projects and certified as such by issuing authorities, have gained traction among banks. For instance, the Korean Development Bank issued a USD300 million green corporate bond for renewable energy projects in July 2022. These bonds contribute to the demand for tellurium by funding the installation of solar photovoltaic (PV) systems. The liquid nature of green bonds makes them an attractive investment option for companies, enabling entry into the broader investor base and reducing their cost of capital. This trend is expected to fuel the growth of the global tellurium market in the solar energy industry during the forecast period. 

Tellurium, a metalloid element, is gaining attention in the energy and tech industries due to its role in energy-efficient solutions. In solar technology, tellurium is used as an alloying agent in cadmium telluride (CdTe) for manufacturing thin-film solar cells, contributing to sustainable energy production. In next-gen electronics, tellurium-based compounds are utilized in phase-change memory devices and data storage. However, challenges persist. Supply chain disruptions and environmental impacts, including toxic byproducts and worker safety concerns, are pressing issues in tellurium extraction. The metallurgy industry is advancing to address these concerns, exploring more sustainable and efficient methods for sourcing and utilization. Tellurium’s use in alloys, such as steel and copper, also offers benefits in machinability and strength. Overall, tellurium’s role in clean energy technologies and next-gen electronics makes it a crucial component in the shift towards carbon emissions reduction. 

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Market Challenges

Tellurium is a radioactive metalloid with cyanogenic properties that can negatively impact human health and the environment. Exposure to tellurium through air, water, or food can lead to respiratory issues, such as lung impairment and hard metal disease, as well as carcinogenic health concerns. Continuous exposure to tellurium at a concentration of 0.01 mg/m2 can cause tellurium breath, dry mouth, headache, nausea, and drowsiness. Tellurium can also pose fire hazards and emit toxic fumes when heated. To protect public health and the environment, federal regulations limit the permissible levels of tellurium in air, water, and food. Strict environmental and safety regulations will likely restrict demand for tellurium during the forecast period.Tellurium is a metalloid element with significant applications in electronics, metallurgy, and solar technology. In electronics, it is used as an alloying agent in steel and copper for improved machinability and strength. In solar technology, Tellurium is a crucial component of cadmium telluride (CdTe) used in thin-film solar cells. In thermoelectric materials, Tellurium’s unique properties make it ideal for use in phase-change memory devices and data storage with excellent retrieval capabilities. The demand for Tellurium is driven by the renewable energy sector, particularly in solar energy and power generation. The use of Tellurium in CdTe solar cells is essential for converting sunlight into electricity. However, the limited availability of Tellurium poses challenges for the industry. Umicore is one of the leading suppliers of Tellurium and its compounds, but supply chain constraints can impact production. Tellurium’s dominance in semiconductors and photovoltaic solar cells is due to its high efficiency in thermoelectric applications, energy efficiency improvements, and thermoelectric devices. Its use in optoelectronic devices and thin-film solar panels is also increasing. Despite its importance, Tellurium’s limited availability and high production costs remain significant challenges for the industry.

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Segment Overview 

This tellurium market report extensively covers market segmentation by

Type 1.1 Pure tellurium1.2 TellurideApplication 2.1 Solar panels2.2 Thermoelectric production2.3 Metallurgy2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Pure tellurium-  Tellurium, represented by the chemical symbol Te and having an atomic number of 52, is a fragile, silver-white metalloid. It is naturally found as a dark grey powder with both metallic and non-metallic properties. Tellurium forms numerous compounds similar to those of sulfur and selenium. When burnt in air, it produces tellurium dioxide, resulting in a greenish-blue flame. While water and hydrochloric acid do not affect tellurium, nitric acid causes it to disintegrate. The demand for tellurium is increasing due to its applications in semiconductors and solar cells. As a result, the market for tellurium is projected to expand significantly over the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

Tellurium is a metalloid element with unique properties, making it an essential component in various industries, including electronics, metallurgy, and renewable energy. In metallurgy, Tellurium functions as an alloying agent, enhancing the strength and machinability of steel and copper. In electronics and semiconductors, it plays a crucial role in the production of thermoelectric materials, which convert waste heat into electricity. Tellurium is also a vital ingredient in CdTe solar cells, contributing to the dominance of this technology in solar energy. The demand for Tellurium is driven by the renewable energy sector and the electronics industry, leading to supply chain constraints. Pure Tellurium and its compounds, such as Telluride, are used in chemical processes and the automotive industry. The semi-metal element’s versatility in alloys and semiconductors makes it an indispensable component in data storage and retrieval capabilities. The future of Tellurium lies in its potential to revolutionize power generation and solar energy, offering a sustainable solution to meet the world’s increasing energy demands. Umicore, a leading global materials technology and recycling group, is a significant player in the Tellurium market, contributing to its production and application in various industries.

Market Research Overview

Tellurium is a metalloid element with unique properties, making it an essential component in various industries, including electronics, metallurgy, and solar technology. As a key element in alloying agents for steel and copper, Tellurium enhances machinability and strength. In solar technology, Tellurium is a dominating element in thermoelectric materials, used in the production of cadmium telluride (CdTe) for thin-film solar cells and phase-change memory devices in data storage. Tellurium’s role in solar energy is significant, with CdTe solar cells being a popular choice due to their efficiency and energy efficiency improvements. However, the supply chain for Tellurium is limited, leading to constraints in the renewable energy sector. Pure Tellurium and its compounds, such as Telluride, are used in various applications, including semiconductors, photovoltaic solar cells, and thermoelectric devices. The demand for Tellurium is driven by the renewable energy sector, particularly in solar energy, as well as in next-gen electronics and clean energy technologies. However, the extraction of Tellurium comes with challenges, including environmental impacts, toxic byproducts, and worker safety concerns. Advancements in metal extraction and sourcing are essential to meet the growing demand while minimizing these issues. Tellurium’s role in energy efficiency and sustainable energy solutions is significant, with potential applications in waste heat recovery, automotive power generation, and optoelectronic devices. Despite its importance, the limited availability and supply chain disruptions can pose challenges to its widespread adoption.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypePure TelluriumTellurideApplicationSolar PanelsThermoelectric ProductionMetallurgyOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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UBHOME Collaborates with Qualcomm to Release the Smart Lawn Mower, Co-Creating a New Era of Smart Life

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The 2025 CES in the United States is about to unveil a brand-new chapter in the future intelligent home gardening

LAS VEGAS, Dec. 28, 2024 /PRNewswire/ — UBHOME, a sub-brand of UBTECH Robotics, announced an intelligent service robot in collaboration with Qualcomm Technologies, Inc. The Robotic Mower M10 is a revolutionary smart lawn mower announced at the 2025 International Consumer Electronics Show (CES) in the United States. This product is powered by the Qualcomm® RB1 Robotics Platform, showcases UBHOME’s rich experience in robot research and development, and focuses on solving the pain points of traditional lawn-mowing equipment, providing users with a worry-free and labor-saving smart gardening experience, and creates a new model of gardening intelligence.

User-Oriented: The All-New Convenience Brought by the Smart Lawn Mower to Life

The Robotic Mower M10 is not only a high performance tool but also an upgrade of the smart lifestyle. In response to the pain points of users when using traditional lawn-mowing equipment, this product offers a series of practical functions, bringing brand-new convenience to home gardening:

Wireless and Borderless Mowing: There is no need for cumbersome boundary wire installation anymore. The device relies on accurate environmental perception and navigation technology to independently plan the work area, allowing users to use it right out of the box, saving installation time and energy.

Automatic Mowing, Saving Time and Effort: The device can automatically complete the lawn mowing work according to the preset schedule or real-time instructions, enabling users to manage the lawn care through delegation to the mower.

Wide Coverage and Stable Signal: It supports a large-scale signal connection of up to 130,000 square meters. Even for extremely large courtyards, stable operation can be ensured, and there is no need to worry about signal loss.

Real-time Online, in-control Anytime: Through APP remote control and real-time monitoring, users can adjust the mowing plan or check the device status at any time, managing the courtyard work as they like.

The combination of these functions not only greatly simplifies the complexity of mowing work but also liberates users from repetitive physical labor, allowing them to focus on enjoying the wonderful moments of life.

UBHOME: In-depth Layout in Smart Home

UBHOME is a brand under UBTECH Robotics that focuses on providing smart solutions for families. As a world-leading robot enterprise, UBTECH, with its strong R&D strength and technological accumulation, has successfully launched Walker, China’s first commercial bipedal human-sized humanoid robot. The launch of the Robotic Mower M10 by UBHOME this time is an important step in its layout in the smart home field.

Relying on UBTECH’s technological accumulation in robots and its in-depth understanding of user needs, the Robotic Mower M10 achieves the best mowing effect through environmental recognition and dynamic adjustment. Whether it is complex terrain, steep slopes, or high requirements for fine mowing, it can perform perfectly, demonstrating its excellent technical capabilities and brand commitment.

Powered by Qualcomm Technologies, Facilitating Intelligent Upgrading

As a global leader in wireless technology and edge intelligence, Qualcomm Technologies provides cutting-edge technical support for the Robotic Mower M10, including intelligent edge computing platforms, dynamic path planning, and environmental perception technologies. These technologies ensure that the device can operate efficiently in various environments, providing users with a precise and efficient smart experience. The Robotic Mower M10 utilizes the Qualcomm RB1 Robotics Platform to ensure the superior operation of the Robotic Mower M10 in large-scale courtyards, laying a solid foundation for realizing smart life.

Industry Significance and Trend: Promoting the Development of Gardening Intelligence

With the continuous increase in the demand for home intelligence, the market for smart gardening equipment is in a period of rapid development. As a typical representative of this trend, the smart lawn mower not only meets consumers’ pursuit of a convenient lifestyle but also provides a direction for the transformation of the gardening industry from tool manufacturing to smart services.

The product released by UBHOME not only fills the gap in the high-performance lawn-mowing equipment market but also sets a new industry benchmark. Through the multiple advantages of wireless, real-time connection, and fully automated operation, it endows home gardening with new value, making users no longer regard mowing as a burden but feel the convenience and fun brought by technology.

Innovation Hand in Hand, Co-creating Smart Life

The collaboration between UBHOME and Qualcomm Technologies showcases a strong collaboration of technology and innovation. Both parties are committed to bringing more convenient and efficient life experiences to consumers through technological innovation.

At the 2025 CES, UBHOME and Qualcomm Technologies will showcase the innovative functions and application scenarios of this Robotic Mower M10.

About UBHOME 

UBHOME is a brand under UBTECH Robotics, focusing on providing smart solutions for families. UBTECH is a world-leading robot enterprise dedicated to the research and development and application of artificial intelligence and robot technology and has successfully served more than 900 enterprise-level customers in more than 50 countries around the world.

Media Contact Information
For more information, please contact:
UBHOME Brand Team: mbu-sales@ubtrobot.com 

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.  

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SOURCE UBTECH ROBOTICS CORP LTD

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Global Launch of JETOUR T2 i-DM: Reshaping the Hybrid SUV Market

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DOHA, Qatar, Dec. 28, 2024 /PRNewswire/ — On December 25, 2024, the First JETOUR Fan’s Festival and the Launch of T2 i-DM was held in Qatar, themed “Think Future”. During the event, JETOUR launched its user brand “Traveler” in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR’s commitment to exploring sustainable travel modes and ambition to become the “The World’s Leading Brand in Hybrid Off-road Vehicles” under the “Travel+” strategy.

JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel.

Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology’s role in producing world-class products. The launch also introduced “Traveler”, enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan’s Festival invited user representatives from across the Middle East to witness the unveiling of “Traveler”, experiencing “Travel+” culture through city tours and co-creation workshops.

JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through “Traveler,” JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the “Travel+” culture worldwide. Mr. Alex Tan, Vice President of JETOUR International, said, “Serving ‘JETOUR users’ and being ‘a user-oriented JETOUR’ are JETOUR’s development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users.”

JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East, embodying JETOUR Speed and the brand’s image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers’ needs and reshape the hybrid SUV market.

The launch of T2 i-DM marks JETOUR’s new journey towards “the World’s Leading Brand in Hybrid Off-road Vehicles.” JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future.

SOURCE JETOUR AUTO

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My Date with Rural China—-VOC.com.cn Unveils Season Two of I Am in Rural China

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CHANGSHA, China, Dec. 28, 2024 /PRNewswire/ — Modern China’s rural revitalization strategy is crafting a remarkable narrative of transformation across the countryside, while progressive opening-up policies encourage foreign visitors to delve deeper into the nation’s heartland. On December 26th, VOC.com.cn premiered the second season of its acclaimed series, I Am in Rural China. The show follows Teona Kvartskhava, an international guest, as she explores the villages of Hunan Province, offering viewers a firsthand look at the dynamic implementation of comprehensive rural revitalization. This captivating series invites a global audience to witness the dawn of a new era in China’s rural landscapes, showcasing the country’s evolving countryside to viewers worldwide.

Rice field came as the first surprise. Hunan is the largest rice grower and producer in China. Hunan provides the high-quality and tasty rice. Teona Kvartskhava, a foreigner hardly feeding on rice, was tempted to have plenty of it. In Qunle Village, Lixian County, Changde, she also experienced “Double Rush”, which is a time-honored agricultural event in China. An event that used to call for the joint efforts of all family members, has now become much easier thanks to technology.

Departing from Lixian County for the moment, Teona Kvartskhava embarked on an exciting trip of tastes in Rucheng, Chenzhou, Southern Hunan. Hunan people are keen and expert on peppery food and spicy taste dominates the Hunan cuisine. Hunan is also rich in varieties of peppers. Jingpo town, a well-known town where spicy food prevails. It is a producer of red cluster pepper, officially one of the hottest peppers in China. From the crowded market, to the red and yellow pepper planting base, and then to the modern processing pepper workshop, the small cluster pepper strung up all corners of the town, so that the original ordinary mountain town has become extraordinarily lively and affluent.

Of course, the “star” of the countryside here is not only agriculture, but also culture, which has also blossomed in this ancient land. As the birthplace of papermaking, China has preserved a unique handmade papermaking technique, which is used to make some “special” papers. In Shanghong Village, Liuyang, Teona Kvartskhava was lucky to meet two Chinese masters, who showed her hands-on experiences of “Gushan Tribute Paper” and “Floral Paper”. As the process progresses, the paper took shape in her hands, as if history and culture were meeting in front of her eyes, and became the “first paper” in Teona Kvartskhava’s life.

So,What’s rural China like? It’s about hospitable peasants, about various agricultural produce, about profound history and culture, about colorful intangible cultural heritage. It’s like a book telling numerous absorbing stories. Hopefully Teona Kvartskhava’ll be luckier to visit more villages for their unique interest and charm.

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SOURCE voc.com.cn

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