Japan Sputtering Target for Solar Battery Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 1.0 Billion by 2030, growing at a CAGR of 13.0% from 2024 to 2030.
Japan's commitment to renewable energy has significantly bolstered the demand for sputtering targets used in solar battery production. Sputtering targets are essential materials in the manufacturing of thin-film solar cells, which are pivotal for efficient solar energy conversion. The surge in solar installations has led to an increased requirement for high-quality sputtering targets, particularly aluminum, copper, molybdenum, chromium, ITO, and AZO targets, all with purity levels exceeding 99.99%. These targets are integral to various layers of solar cells, including conductive, barrier, and transparent conductive layers. citeturn0search0
Several Japanese companies have risen to meet this demand by offering a diverse range of sputtering targets tailored for solar applications. For instance, Kojundo Chemical Laboratory provides targets made from various materials, purities, and shapes, utilizing advanced technologies in melting, sintering, synthesis, and mechanical processing. This customization ensures that the targets align with specific requirements of solar cell manufacturers, enhancing the efficiency and performance of the final products. citeturn0search4
Japan's strategic initiatives, such as mandating solar panels on new homes from 2025 and promoting virtual power plants (VPPs), are expected to further escalate the demand for solar energy solutions. VPPs integrate home batteries through cloud platforms, allowing surplus energy sales and optimizing grid stability. These developments not only support the nation's energy goals but also stimulate the sputtering target market, as more solar installations require advanced thin-film technologies. citeturn0news6
In parallel, Japan's focus on energy storage solutions complements the growth of the sputtering target market. The government's target of achieving 3 to 4 gigawatts of battery storage capacity by 2030 underscores the importance of efficient energy storage systems. Sputtering targets play a crucial role in manufacturing components for these storage systems, thereby supporting the nation's renewable energy infrastructure. citeturn0search3
The interplay between Japan's renewable energy policies and the sputtering target market exemplifies a symbiotic relationship that drives technological advancement and supports the global transition to sustainable energy sources. As industries continue to innovate and adopt thin-film technologies, the demand for specialized sputtering targets is poised for sustained growth, reinforcing Japan's position as a leader in renewable energy solutions.
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Saint-Gobain
Hitachi Metals Ltd
Mitsubishi Materials Corporation
Advanced Nano Products Co Ltd
Umicore
Tosoh Specialty Metals Division
Moltun International
ThinTech Materials Technology Co.
Ltd.
Admat Inc
ULVAC Technologies
Inc.
Soleras Advanced Coatings
Nanografi Nano Technology
Solar Applied Materials Technology Co.
Ltd.
Kobelco Research Institute Inc
UV Tech Material Ltd
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Sputtering Target for Solar Battery Market
Crystalline Silicon Solar Cells
Thin-Film Solar Cells
Concentrated Photovoltaics (CPV)
BIPV (Building-Integrated Photovoltaics)
Metal-Based Sputtering Targets
Indium
Tin
Gallium
Non-Metallic Sputtering Targets
Carbon
Silicon Dioxide (SiO2)
Oxides and Nitrides
Planar Targets
Rotatable Targets
Circular Targets
Custom Shapes
Consumer Electronics
Renewable Energy Solutions
Aerospace
Telecommunications
Manufacturers
Research Institutions
Solar Farms
Solar Panel Installers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Sputtering Target for Solar Battery Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Sputtering Target for Solar Battery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Sputtering Target for Solar Battery Market, By Type
6. Japan Sputtering Target for Solar Battery Market, By Application
7. Japan Sputtering Target for Solar Battery Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Sputtering Target for Solar Battery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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