The power electronics refers to the type of the devices under which electrical energy is processed in substantial amounts unlike the devices used in transmission as well as processing of the signals or data. The major application of the power electronics is in the solid-state electronics that helps in converting and controlling the electric power. The major function of the power electronics high speed along with frequent control of the voltage impedance, currents, and the another one is power conditioning for the removal of harmonics, overvoltage, distortion and many other things. The power electronics are used to enhance the role and value of the electricity.
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Global silicon carbide wafers market is expected to reach 406,948 units by 2027 from 78,111 units in 2019 growing with the substantial CAGR of 23.9% of in the forecast period of 2020 to 2027. Several advantages are associated with the silicon carbide wafers products, and that is their usage is highly increasing in power electronics, especially in the developed nations. Hence, the products are being launched by the companies to fulfill the rising demand of their customers. To complete the growing request for silicon carbide wafers products, some companies expand their production capacities in different regions to grow their market for silicon carbide wafers products.
Rising applications of silicon carbide wafers in the semiconductor industry across the world will drive the market's growth rate
The growing demand for semiconductors in the global industry may increase the demand for silicon carbide wafers among the manufacturers. The growing demand for semiconductors in the electronic devices, automobiles, and industrial activities leads to the adoption of silicon carbide wafers and the consumption of the silicon carbide wafers in the market. Though, the rise in applications of silicon carbide wafers in semiconductor industry can be the driver for the market.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2020 to 2027
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Base Year
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2019
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Historic Years
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2018 (Customizable to 2013 - 2018)
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Quantitative Units
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Volumes in Units, Pricing in USD
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Segments Covered
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Wafer Size (2 Inch, 4 Inch, 6-Inch and Above), Device (SiC Discrete Devices, SiC Bare Die), Application (Power Grid Device, RF Device & Cellular Base Station, Flexible AC Transmission Systems, High-Voltage, Direct Current, Electronic Combat System, Lighting Control, Power Supply and Inverter, Industrial Motor Drive, EV Charging, EV Motor Drive, Solar Energy, Wind Energy, Flame Detector, Others), Industry (Telecommunication, Energy & Power, Power Electronics, Automotive, Renewable Power Generation, Defense, Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Market Players Covered
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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.) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, 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.
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Segment Analysis:
Global silicon carbide wafers market is categorized into four notable segments which are wafer size, device, application and industry.
The power grid device segment will dominate the application segment of the silicon carbide wafers market
The power grid device segment will emerge as the dominating segment under application. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the food and beverages industry all around the globe will further bolster the growth of this segment.
The telecommunication segment will dominate the industry segment of the silicon carbide wafers market
The telecommunication segment will emerge as the dominating segment industry segment. This is because of the growing number of distribution channels in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in market: 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.).
Market Development
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in silicon carbide wafers market during the forecast period 2020 - 2027
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. The market growth over this region is attributed to the high level of increase in investments in infrastructure and growing manufacturing sector in countries such as India and China within the region.
North America is estimated to be the fastest growing region in silicon carbide wafers market the forecast period 2020 - 2027
North America on the other hand, is estimated to show lucrative growth over the forecast period, due to the growing aerospace and defense industries and established automotive industry in the region.
COVID-19 Impact
The recent outbreak of coronavirus had a significant impact on the silicon carbide (SiC) market. In the midst of COVID-19, the growing implementation of SiC devices in automotive and power device applications, as well as the increasing demand for hybrid and electric vehicles, creates a strong demand for silicon carbide for efficient industrial operations. Key market players are implementing new strategies to mitigate the impact of the Covid-19 pandemic. Mining industries in China resumed normal operations in the third quarter of 2020, with enterprises indicating that workers would return soon. Furthermore, iron ore producers are thought to be the least affected. The steel and iron ore industries have recovered globally, which is expected to lessen the impact of the COVID-19 pandemic on the silicon carbide industry.
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Global Silicon Carbide Wafers Market – Industry Trends and Forecast to 2029
Asia-Pacific Silicon Carbide Wafers Market – Industry Trends and Forecast to 2029
Middle East and Africa Silicon Carbide Wafers Market – Industry Trends and Forecast to 2029
Europe Silicon Carbide Wafers Market – Industry Trends and Forecast to 2029
North America Silicon Carbide Wafers Market – Industry Trends and Forecast to 2029