Silicon Carbide Market size and Key Trends in terms of volume and value 2017 – 2027

The other name of Silicon carbide is carborundum. The silicon carbide is a semiconductor, which is assist the system in reducing size and power loss by 50 %, owing to which, silicon carbide is expected to replace other silicon based semiconductors and transistors from the market.

Silicon Carbide Market Drivers, Restraints, Segmentation, Regional Trend and Competitive Landscape:

Various factors such as the surge in demand for motor drives, compact system size and the increase in utility of silicon carbide in the cellular base station and radio frequency devices are some factor, which is driving the growth of the silicon carbide market during the forecast period. Silicon carbide reduces the power system loss by 50%, owing to which the adoption of compact size semiconductors is increasing in various application such as Industrial Motor Drive, Power Supply and Inverter, Lighting Control and others. On the other hand, the price of silicon carbide range approximately from $800 to $2,000 per ton that is very high as compared to other alternatives available in the market. Therefore, the high cost of Silicon carbide is the major factor restraining the growth of the market. Also, defects in material and issue related to the package is the other challenge faced by vendors associated with silicon carbide market.                                

Global Silicon Carbide Market can be divided into five segments, based on Product, Wafer size, Application, Vertical application, and Region. The major segments of Silicon Carbide Market on the basis of the Product include: Silicon Carbide bare die, Silicon Carbide discrete devices, Silicon Carbide module, Silicon Carbide diode, Silicon Carbide MOSFET; On the basis of the Wafer size include: 2 Inches, 4 Inches, 6-Inches, More than 6-inches; On the basis of the Application include: Electronic Combat System, RF Device and Cellular Base Station, Solar and Wind Energy, Power Grid Device, Flame Detector, Flexible AC Transmission Systems (FACTS), EV Charging, EV Motor Drive, High-Voltage, Direct Current (HVDC), Industrial Motor Drive, Power Supply and Inverter, Lighting Control, Others; On the basis of Vertical Application include: Power Electronics, Telecommunications, Automotive, Energy & Power, Defense, Renewable Power Generation, Others.

Asia Pacific holds the major market for cellular base station and radio frequency devices, due to which, Asia Pacific region captures largest market share regarding revenue for silicon carbide market. And also, expected to continue its dominance during the forecast period. Further, owing to support government FDI on investment in countries such as India and China are the becoming key attraction for the investor to invest in Asia Pacific region. In addition to above, in China, continuous development in electric vehicles and EV charging are anticipated to cater new avenues for opportunistic growth of silicon carbide market in forth coming years.

Some of the prominent players in the Silicon Carbide Market include Pilegrowth Tech S.R.L, Ascatron AB, United Silicon Carbide, Inc., Basic 3C, Inc., Toshiba Corporation, Bruckewell Technology Corporation, Tankeblue Semiconductor Co. Ltd., Central Semiconductor Corporation, Stmicroelectronics N.V.,  Cree Inc. (Wolfspeed), DOW Corning Corporation, Sanken Electric Co.,Ltd., Fuji Electric Co., Ltd., Saint-Gobain Silicon Carbide, General Electric, Rohm Semiconductor, Genesic Semiconductor Inc., Global Power Technologies Group, Renesas Electronics Corporation, Graphensic AB, On Semiconductor, Infineon Technologies AG, Norstel AB, Microsemi Corporation and Monolith Semiconductor Inc.

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Ankush Nikam

Ankush Nikam is a seasoned digital marketing professional, having worked for numerous online firms in his distinguished career. He believes in continuous learning, considering that the digital marketing sector’s rapidly evolving nature. Ankush is an avid music listener and loves to travel.