openPR Logo
Press release

Silicon Carbide Power Semiconductors Market Worth $1,109 Mn by 2025 | CAGR 18.1%

02-10-2020 07:22 AM CET | Media & Telecommunications

Press release from: Allied Market Research

Silicon Carbide Power Semiconductor

Silicon Carbide Power Semiconductor

Rise in demand for power electronics across various industry verticals including medical, defense, aerospace, and others along with SiC-based photovoltaic cells in emerging economies such as Brazil, China, and India are expected to drive growth in the industry. Moreover, establishment of 5G infrastructure would supplement the growth. On the other hand, huge initial cost and design challenges of SiC MOSFETs would restrain growth in the market. Increase in applications of SiC power devices due to their abilities to offer high efficiency, high voltage, and high temperature operation would create new pathways in the industry.

The global silicon carbide power semiconductors market garnered $302 million in 2017, and is expected to reach $1,109 million by 2025, growing at a CAGR of 18.1% from 2018 to 2025.

Download Sample Report:

Power product to be dominant throughout

Power product segment contributed to nearly two-thirds of the total market share in 2017 and would maintain its dominance throughout the forecast period. Moreover, this segment would be a lucrative segment, registering the fastest CAGR of 19.5% from 2018 to 2025, owing to rise in demand of compact-sized pre-designed module and ability to provide high efficiency. Discrete products segment will have a steady growth over the forecast period.

Fastest upsurge of automotive segment

The automotive segment would register the highest CAGR of 20.5% from 2018 to 2025, owing to increase in penetration of electric vehicles. The IT & Telecom segment accounted for nearly one-fourth of total market share in 2017 due to rise in demand for efficient power distribution systems for IT and telecommunication equipment. However, the industrial segment would overtake this segment in terms of revenue by 2025. Other segments explored in the research include aerospace & defense, energy & power, electronics, and healthcare.

For Purchase Enquiry:

Lucrative Asia-Pacific

Asia-Pacific is the lucrative region, contributing to nearly half of total market share in 2017, and expected to further strengthen its dominance by 2025, registering the fastest CAGR of 19.0% during the forecast period. Factors responsible for the fastest growth rate are rise in number of silicon carbide suppliers and increase in demand of power electronics in emerging economies including China, Japan, and South Korea. Other regions analyzed in the report include North America, Europe, and Latin America, Middle East and Africa (LAMEA).

Leaders of the industry

Key market players analyzed in the research include Infineon Technologies AG, General Electric, Microsemi Corporation, Toshiba Corporation, Power Integrations, STMicroelectronics, Fairchild Semiconductor, Tokyo Electron Limited, NXP Semiconductors, ROHM, Renesas Electronics Corporation, and Cree, Inc. New product launches, expansions, joint ventures, collaborations, partnerships, mergers & acquisitions, and others are some of the strategies adopted by them to achieve a leadership status in the industry.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Silicon Carbide Power Semiconductors Market Worth $1,109 Mn by 2025 | CAGR 18.1% here

News-ID: 1924548 • Views: 236

More Releases from Allied Market Research

Farm Tractors Market with Covid-19 Pandemic Analysis, Growth Rate, Emerging Tren …
Allied Market Research published a new report, titled, "Farm Tractors Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage. The report offers key drivers
Aerospace Electrical Inserts Market Insight and Professional Survey Report 2030 …
According to a new report published by Allied Market Research, titled, "Aerospace Electrical Inserts Market by Product Type (Carbon Steel, Diamond Edged, Multi Hole Saws, Specialty Hole Saws, and Others), by End-user Industry (Commercial and Domestic), and by Application (Wet Drilling and Dry Drilling) - Global Opportunity Analysis and Industry Forecast, 2020-2027." The report has offered an all-inclusive analysis of the global aerospace electrical inserts market taking into consideration all
Rail Infrastructure Market COVID-19 Impact Analysis, Demand, Size and Share Esti …
Rail infrastructure is a foundation which supports the transport system. Rail infrastructure connects ports, railway stations, and airports. At present, new technologies are implemented for rail infrastructure. Railway system drives social as well as economic development. It connects individuals to education, jobs, and health services on a daily basis. It is also used to supply goods and services. Due to rapid globalization, the increase in demand for transportation is observed,
IVD Market in North America Is Expected to See Extensive Worldwide Growth
According to a new report released by Allied Market Research titled North American IVD market by product type, technology, application and end user, global opportunity analysis and industry forecast for 2017-2023. The North American IVD market was worth $20,886 million. It is expected to reach $279 million by 2023 in 2016, and an average annual growth rate of 4.1% from 2017 to 2023. Click Here to Access Free Sample Report:

All 5 Releases

More Releases for Power

Brisbane Power Electricians
Brisbane Power is a family owned business of second generation Electricians. From our humble beginnings in 1978, we boast 28 years of experience in electrical services across Brisbane and surrounds. We provide unparalleled 24 hour emergency electrical services to homes and businesses. Brisbane Power is a family owned business of second generation Electricians. From our humble beginnings in 1978, we boast 28 years of experience in electrical services across Brisbane and
Privacy through solar power
The vertical “Shadeplus” blind is to be operated via a new solar module Awnings are not only available as individual items, but also come in a double pack. One of these awnings protects against UV radiation and heat, and the other against glaring light. They achieve this with the assistance of solar power as a practical and simultaneously environmentally-friendly energy source The “pergola” by markilux has been available for quite some time
Temporary Power Generation/Power Rental Market Analysis by Leading Manufacturers …
A new research study from HTF MI with title Global Temporary Power Generation/Power Rental Market Size, Status and Forecast 2025 provides an in-depth assessment of the Temporary Power Generation/Power Rental including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Temporary Power Generation/Power Rental investments till 2022. Access Sample Copy @: If you are involved in
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Kuwait Power Market to have Surplus Power
Electricity plays a major role in the development of a region, and the electricity generation, transmission and distribution infrastructure serves as a measure of progress in the region. Energy in the form of electricity has become an indispensable part of our everyday lives. Nowadays, power generation uses a variety of sources ranging from fossil fuels like coal and oil, to renewable sources like wind and solar. The energy mix for
Connectivity for power-applications
Halver, 18 June 2015 – At the SPS IPC Drives 2014 in Nuremberg, the connector- and housing specialist ESCHA presented connectivity for power applications. The 4-pole M12x1 connectors are predestinated for power transmission and are available as of now. With the newly developed products identified as ‘Power S‘ or ‘Power T‘, ESCHA offers a consistent- and a qualitatively high-grade M12x1-connectivity portfolio for sensors-, data-, and power supply. The trend moves towards