Growth Opportunities in Tungsten Ribbon Market

Growth Opportunities in tungsten Ribbon Market

Absolute Markets Insights has released an informative report titled "Tungsten Ribbon market". This research report sheds light on the current state of the market and aims to provide an understanding of the diverse up-down phases of the organizations.

Compared to other metals such as titanium, platinum and lead, tungsten as a metal has a very high melting point of 3422 degrees Celsius. As a result, tungsten has been the metal of choice for manufacturing incandescent filaments since the 20th century. As technology has advanced, many companies have focused on manufacturing ribbon tungsten filament lamps for applications in scenarios above 800 degrees Celsius.

For example, Pyro offers tungsten ribbon filament strip lamps for calibrating optical pyrometers. The integration of the sapphire window spectral range in the lamp allows it to eliminate light reflection and create a good source of thermal radiation. Similarly, Nippon Tungsten Co. offers a range of strip tungsten filaments used in the manufacture of light bulbs, lamps and other lighting devices.

The company is committed to offering tungsten metal in the form of strips, which are lighter in weight compared to other forms of tungsten, such as rods and filaments. The shape of the tungsten strip has better resistance to deformation and, therefore, influences its use in the manufacture of lighting equipment worldwide.

Ribbon tungsten lamps are also increasingly being used as calibration standards in vacuum environments such as space. For example, according to the NASA Technical Reports Server, strip tungsten lamps filled with argon gas from sapphire windows are used for photomultiplier quantum efficiency calibrations in vacuum ultraviolet light.

In terms of revenue, the global ribbon tungsten wire market is valued at USD 119.95 in 2020 and is expected to grow at a CAGR of 4.2% during the forecast period. The study analyzes the market in terms of revenue from all major regions, which are segmented by country.

The power and utilities industry accounts for the highest share of the global tungsten strip market. This is attributed to the high melting point of this metal, which is effective in generating electricity and, therefore, influencing the usage across the industry. While indirect sales channels such as agencies, wholesalers, and online B2B sales platforms such as Indian marketplace, Amazon, and Alibaba are facilitating the distribution of the global tungsten ribbon market. This is providing more opportunities for market players to reach out to their target customers in remote areas.

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