Global Silicon Carbide (SiC) Market, By 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 & 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 & Power, Automotive, Renewable Power Generation, Defense, Power Electronics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The silicon carbide (SiC) market is expected to witness market growth at a rate of 15.9% in the forecast period of 2021 to 2028. Data Bridge Market Research report on silicon carbide (SiC) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of silicon carbide (SiC) market.
Silicon carbide, refers to the compound that acts as a steel production deoxidizing agent. Silicon carbide is primarily dissolved in oxygen furnace for generating huge amounts of hot steel together with steel scrap. The low sulfur, nitrogen, silicomanganese or ferrosilicon, and aluminum content of the item leads it to 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.
The increase in demand for SiC devices in power electronics industry across the globe acts as one of the major factors driving the growth of silicon carbide (SiC) market. The surge in investments by government, research institutes, private organizations, and industry players for rising SiC Production, and increasing steel production for meeting the high demand from various end-use industries accelerate the market growth. The increase in utilization of renewable energy sources for power generation, and rise in use of the product as a deoxidizing agent in the steel industry further influence the market. Additionally, rapid industrialization and urbanization, increase in steel production and rise in demand for refractories positively affect the silicon carbide (SiC) market. Furthermore, demand from automotive and power devices industries and increase in demand for electric vehicle (EV) motors extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high material and fabrication cost, and increase in gallium nitride in power modules as gallium nitride transistors are expected to obstruct the market growth. Issues regarding SiC power devices material defects, designing, and packaging are projected to challenge the silicon carbide (SiC) market in the forecast period of 2021-2028.
This silicon carbide (SiC) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on silicon carbide (SiC) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Silicon Carbide (SiC) Market Scope and Market Size
The silicon carbide (SiC) market is segmented on the basis of product, device, wafer size, application, and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the silicon carbide (SiC) market is segmented into black silicon carbide, and green silicon carbide.
- On the basis of device, the silicon carbide (SiC) market is segmented into SIC discrete devices, and SIC bare die.
- On the basis of wafer size, the silicon carbide (SiC) market is segmented into 2 inch, 4 inch, 6-inch and above.
- On the basis of application, the silicon carbide (SiC) market is segmented into RF device & 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 and others.
- On the basis of Vertical, the silicon carbide (SiC) market is segmented into telecommunication, energy & power, automotive, renewable power generation, defense, power electronics and others.
Silicon Carbide (SiC) Market Country Level Analysis
The silicon carbide (SiC) market is analyzed and market size, volume information is provided by country, product, device, wafer size, application, and vertical as referenced above.
The countries covered in the silicon carbide (SiC) market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the silicon carbide (SiC) market due to the high level of increase in investments in infrastructure and growing manufacturing sector in countries such as India and China. Europe is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the growing aerospace and defense industries and established automotive industry in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, 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 competitor. 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 silicon carbide (SiC) market.
The major players covered in the silicon carbide (SiC) market report are Infineon Technologies AG, Cree, Inc., ROHM SEMICONDUCTOR, STMicroelectronics, TOSHIBA CORPORATION, GENERAL ELECTRIC, Saint-Gobain, Fuji Electric Co., Ltd., Microsemi, Central Semiconductor Corp., SANKEN ELECTRIC CO.,LTD., Bruckewell Technology Corp Taiwan, Ascatron AB, Littelfuse, Inc., Graphensic, Norstel AB, United Silicon Carbide Inc. , Renesas Electronics Corporation, Dow, GeneSiC Semiconductor Inc., and Global Power Technologies Group, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Silicon Carbide (SiC) Market
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