Silicon Carbide (Sic) Market Valued At US $993.50 Billion Is To Reach A Value Of US $3441.12 Billion In 2030, Growing At A CAGR Of 16.80%
silicon carbide (SiC), is a silicon and carbon chemical combination. SiC is anticipated to have a significant revenue share since it has the ability to replace other silicon-based transistors and semiconductors. SiC’s ability to reduce semiconductor size and cut power system loss by half is one of the main elements fueling the market’s expansion.
Notwithstanding, SiC material is somewhat costly contrasted with different materials used to make semiconductors, costing somewhere in the range of $800 and $2,000 per ton. Subsequently, a critical obstruction to the market’s development is the exorbitant cost of these chips. Different deterrents to the development of the business incorporate material defects and bundling issues. The examination being finished to handle these troubles has moved gradually. To upgrade interests in SiC-based electronic products, significant firms are searching for joint efforts.
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Segmental Analysis of Global Silicon (SiC) Market:
Based on Device Type:
• SIC Discrete Device
• SIC Diode
• SIC MOSFET
• SIC Bare Die
• SIC Module
SIC Discrete Device is further segmented into SIC Diode, SIC MOSFET and SIC Module. SIC Discrete Device is expected to dominate the market, during the analysis period.
Based on Wafer Size:
• 2 Inch
• 4 Inch
• 6 Inch and above
The 6 inches above segment is expected to dominate the market owing to its growing demand in the application segment of power supplies and inverters industry.
Based on Application:
• Power Grid Devices
• Flexible AC Transmission Systems (FACTs)
• High-Voltage, Direct Current Systems (HVCDs)
• Power Supplies and Inverters
• RF Devices & Cellular Base Stations
• Lighting Control Systems
• Industrial Motor Drives
• Flame Detectors
• EV Motor Drives
• EV Charging Stations
• Electronic Combat Systems
• Wind Turbine
• Solar Power Systems
• Nuclear, and
• Atomic Sciences
Based on Vertical:
• Energy & Power
• Renewable Power Generation
• Power Electronics
Infineon Technologies AG, CREE, INC., ROHM Co. Ltd., STMicroelectronics N.V., Fuji Electric Co. Ltd., ON Semiconductor, General Electric Company, Toshiba Corporation, Renesas Electronics Corporation and Microchip Technology Incorporated.
• North America- (US, Canada)
• Europe- (UK, Germany, France, Russia, Spain, Italy)
• Asia-pacific- (China, India, South Korea, Japan, Australia)
• South America (Mexico, Brazil, Argentina)
• Middle East and Africa (UAE, Saudi Arabia, South Africa)
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Frequently Asked Questions (FAQ):
- Which are the major applications of silicon carbide? How huge is the opportunity for their growth in the next five years?
- Which are the major companies in the silicon carbide market? What are their major strategies to strengthen their market presence?
- Which region is expected to witness significant demand for silicon carbide market in the coming years?
- What are the drivers and opportunities for the silicon carbide market?
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