North America Silicon Carbide Wafers Market, By 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), Country (U.S, Canada, and Mexico), Market Trends and Forecast to 2029.
Market Analysis and Insights: North America Silicon Carbide Wafers Market
North America silicon carbide wafers market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 22.2% in the forecast period of 2022 to 2029 and is expected to reach USD 1,061,978.67 thousand by 2029.
Silicon carbide wafers refer to the type of semiconductor that contains carbon and silicon, which operates at very high voltage and temperature. Silicon carbide wafers can be used in producing a strong as well as a very hard material. Silicon carbide wafers can be implemented in various sectors such as telecommunication, energy & power, automotive, renewable power generation, and in different other areas. They are basically considered due to higher maximum thermal conductive properties that have widened the area of application. Silicon carbide wafers are the devices that are considered being high-frequency power devices that are majorly applicable in wireless communications.
The major factors that are expected to drive the growth of the silicon carbide wafers market are increasing usage of power electronics and shifting towards renewable energy generation, fuelling demand for silicon carbide wafers products. On the other hand, the release of poisonous gases during production may act as a major restraint for the silicon carbide wafers market. Increasing demand for silicon carbide for EV power electronics is expected to create opportunities for the growth of the market. However, a shift towards gallium nitride wafers in semiconductor applications may act as a major challenge for the growth of the market.
This North America silicon carbide wafers market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
North America Silicon Carbide Wafers Market Scope and Market Size
North America silicon carbide wafers market is segmented on the basis of are wafer size, device, application and industry. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of wafer size, the North America silicon carbide wafers market is segmented into 2 inch, 4 inch, and 6-inch and above. In 2022, the 4 inch segment is expected to dominate the market as it is highly used for the fabrication of very high-voltage and high-power devices such as diodes, power transistors, and high-power microwave devices. Moreover, silicon carbide is being widely used for high-power MMIC applications.
- On the basis of device, the North America silicon carbide wafers market is segmented into SiC discrete devices and SiC bare die. In 2022, SiC discrete devices segment is expected to dominate the market as SiC-based power devices have faster-switching speed, higher voltages, lower parasitic resistances, smaller size, less cooling required due to high-temperature capability. Moreover, silicon carbide-based devices have been used for short-wavelength optoelectronic, high temperature, radiation resistant applications.
- On the basis of application, the North America silicon carbide wafers market is segmented into power grid device, industrial motor drive, EV motor drive, RF device & cellular base station, solar energy, wind energy, flexible AC transmission systems, high-voltage, direct current, electronic combat system, lighting control, EV charging, power supply and inverter, flame detector, and others. In 2022, the power grid device segment is expected to dominate the market power grids are using smart grid technology, including control systems and automation that help new technologies work together, supporting a power grid that can respond digitally to quickly changing electricity demand.
- On the basis of industry, the North America silicon carbide wafers market is segmented into telecommunication, energy & power, renewable power generation, automotive, power electronics, defense, and others. In 2022, the telecommunication segment is expected to dominate the market as the industry has become an indispensable infrastructure for entertainment, news, social connectivity, and e-commerce. Telecom networks have to be scalable enough to accommodate future growth. Growth implies more end devices running more applications that require greater bandwidth, predictable response times, and low latency which is being offered by SiC-based devices.
North America Silicon Carbide Wafers Market Country Level Analysis
North America silicon carbide wafers market is analyzed, and market size information is provided by the country, wafer size, device, application and industry.
The countries covered in North America silicon carbide wafers market report are the U.S., Canada and Mexico.
The U.S. is expected to account for the maximum share in the North America silicon carbide wafers market owing to factors such as the presence of a large number of companies providing silicon carbide wafers.
The country section of the North America silicon carbide wafers market 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 such as new sales, replacement sales, country demographics, regulatory acts, and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Increasing Adoption of Silicon Carbide Wafers
The North America silicon carbide wafers market also provides you with detailed market analysis for every country growth in the installed base of different kinds of products for North America silicon carbide wafers market, the impact of technology using lifeline curves, and changes in requirement of abrasives products, regulatory scenarios and their impact on the silicon carbide wafers market. The data is available for the historical period 2011 to 2020.
Competitive Landscape and North America Silicon carbide wafers Market Share Analysis
The North America silicon carbide wafers market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the North America silicon carbide wafers market.
Some of the major players operating in the report are silicon carbide wafers market are WOLFSPEED, INC., II-VI Incorporated, MTI Corporation, CETC Solar Energy Holdings Co., Ltd., American Elements, STMicroelectronics, TankeBlue CO., LTD., Synlight, SICC, PI-KEM Limited, Entegris, SHOWA DENKO K.K., Atecom Technology Co., Ltd, Latent Technologies, ROHM CO., LTD., Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Texas Instruments Incorporated, Infineon Technologies AG, SEMIKRON, SK siltron Co., Ltd. (A Subsidiary of SK HOLDINGS CO., LTD.), Xiamen Powerway Advanced Material Co., Ltd., Homeray Material Technology, Renesas Electronics Corporation, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, WeEn Semiconductors, Microchip Technology Inc., Robert Bosch GmbH, Semiconductor Components Industries, LLC, Ferrotec Holdings Corporation, Alpha Power Solutions Ltd, SiCrystal GmbH among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In December 2021, Entegris announced the expansion of the company by investing in its new, state-of-the-art manufacturing facility in Taiwan to approximately USD 500 million over the next three years. As the company's commitment to Taiwan, the new facility, when operational, will generate USD 500 million in revenue
- In 2021, MTI Corporation moved into a new facility which was 30,000 square ft., in the area in Richmond, California, U.S., for increasing their business. This relocation into a bigger facility has helped the companies to expand their business and achieve record sales
Partnership, joint ventures, and other strategies enhance the company's market share with increased coverage and presence. It also provides the benefit for an organization to improve their offering for the silicon carbide wafers market through the expanded product range.
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