Data Bridge Market Research analyses that the Silicon Carbide (Sic) Market, which was USD 1,035.65 million in 2022, would rocket up to USD 3,212.42 million by 2030, and is expected to undergo a CAGR of 15.20% during the forecast period of 2023 to 2030.
Industry Analysis
Silicon Carbide (SiC) can work at high temperatures, high voltages, or both, and its small form factor, silicon carbide, is widely used in semiconductor manufacturing. Furthermore, global demand for smart consumer electronics is increasing exponentially, creating opportunities for expanding the silicon carbide market. These factors have further increased the overall growth of the market. With its wide band-gap properties, Silicon carbide is gaining prominence as a mainstream technology for efficient power electronics.
“Power electronics” dominates the vertical segment of the silicon carbide (SiC) market owing to their significant advantages over traditional silicon-based devices, including higher efficiency, faster switching speeds, and better thermal conductivity. These characteristics make silicon carbide ideal for power electronics applications, such as power grid devices, flexible AC transmission systems, high-voltage direct current, power supplies, inverters, industrial motor drives, EV motor drives, and more. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
Silicon carbide is a compound that acts as a steel production deoxidizing agent. Silicon carbide is primarily dissolved in an oxygen furnace to generate huge amounts of hot steel and scrap. The item’s low sulfur, nitrogen, silicomanganese or ferrosilicon, and aluminum content make it a cost-effective material. The compound possesses three times the band gap, ten times the critical strength of the electric field, and three times the thermal conductivity compared to silicon.
Global Silicon Carbide (SiC) Market Scope
The silicon carbide (SiC) market is segmented based on product, device, wafer size, application, and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
· Black Silicon Carbide
· Green Silicon Carbide
Device
· SIC Discrete Devices
· SIC Bare Die
Wafer Size
· 2 Inch
· 4 Inch
· 6-Inch and above
Application
· RF Device and Cellular Base Station
· Power Grid Device
· Flexible AC Transmission Systems
· High-Voltage
· Direct Current
· Power Supply and Inverter
· Lighting Control
· Industrial Motor Drive
· Flame Detector
· EV Motor Drive
· EV Charging
· Electronic Combat System
· Wind Energy
· Solar Energy
· Others
Vertical
· Telecommunication
· Energy and Power
· Automotive
· Renewable Power Generation
· Defense
· Power Electronics
· Others
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-silicon-carbide-market
Silicon Carbide (SiC) Market Regional Analysis/Insights
The silicon carbide (SiC) market is analysed and market size insights and trends are provided by product, device, wafer size, application, and vertical, are referenced above.
The countries covered in the silicon carbide (SiC) market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and the rest of the Middle East and Africa.
Asia-Pacific dominates the silicon carbide (SiC) market owing to the high level of investment in infrastructure investments and the growing manufacturing sector in countries such as India and China within the region.
North America is expected to be the fastest-growing market from 2023 to 2030, owing to the growing adoption of electric vehicles (EVs) in the region and supportive government initiatives and funding.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Silicon Carbide (SiC) Market Share Analysis
The silicon carbide (SiC) market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the market.
Some of the major players operating in the silicon carbide (SiC) market are:
· Infineon Technologies AG (Germany)
· Cree, Inc. (U.S.)
· ROHM Co., Ltd. (Japan)
· Microsemi (U.S.)
· STMelectronics (Switzerland)
· Fuji Electric Co., Ltd. (Japan)
· Semiconductor Components Industries, LLC (U.S.)
· General Electric (U.S.)
· Toshiba Corporation (Japan)
· Renesas Electronics Corporation (Japan)
· Microchip Technology Inc.,(U.S.)
· Grindwell Norton Limited (India)
· Dow (U.S.)
· CUMI (India)
· Entegris (U.S.)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Global Silicon Carbide (SiC) Market by Product & Procedure type
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