SiC Semiconductor Market is Thriving Worldwide By Size, Revenue, Emerging Trends and Top Growing Companies 2027 | FUJI Electric Co., Ltd., General Electric, Infineon Technologies AG, Powerex, Inc.

SiC semiconductor market was valued at US$ 29.0 million in 2019 and is projected to reach US$ 138.5 million by 2027; it is expected to grow at a CAGR of 22.6% from 2020 to 2027.

SiC semiconductor devices are used in inverters and power electronic devices to offer energy from photovoltaic arrays to the electric grid and other applications such as heat exchangers in concentrating solar power plants and EVs. Earlier, silicon-based devices were the preferred choices as semiconductors; however, according to research, SiC-based semiconductor devices are faster, smaller, tougher, more efficient, and more cost-effective. They can withstand higher temperatures and voltages than silicon semiconductors, which makes them a reliable and versatile inverter component.

Get Sample Copy of this Report at - https://bit.ly/2SCkssK

Top Key Players:- FUJI Electric Co., Ltd., General Electric, Infineon Technologies AG, Powerex, Inc., Renesas Electronics Corporation, Rohm Co. Ltd., Semiconductor Components Industries, LLC (ON Semiconductor), Semikron, STMicroelectronics NV, and Toshiba Corporation

Various researchers are planning to expand the use of SiC semiconductor devices with the help of power electronic devices that link distribution lines to transmission lines; this could potentially save energy. To surge the demand for SiC devices in solar photovoltaic, the government is looking forward in investing heavily in the energy industry. For instance, the renewable energy sector in Country is the fourth most attractive market in the world. In 2018, the country ranked fourth in terms of wind power and fifth in terms of solar power and renewable power installed capacity. The installed renewable power generation capacity has increased at a swift pace from the last few years. With the growing support of the government of the country, the energy sector has become attractive from an investor perspective.

The report highlights key growth strategies adopted by these players of the SiC Semiconductor industry, including details such as financial overview, product/ services offered, notable developments, and SWOT analysis.

Market Segmentation:

SiC Semiconductor Market - By Device

o SiC Discrete Device
1. SiC Diode
2. SiC MOSFET
3. SiC Module
o SiC Bare Die

SiC Semiconductor Market - By Vertical

o Telecommunications
o Energy & Power
1. Renewable Energy & Photovoltaic
o Automotive
1. EV
2. HEV
o Military & Defense

The report analyzes factors affecting SiC Semiconductor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the SiC Semiconductor market in these regions.

Purchase This Report at - https://bit.ly/3fgisQV

Reason to Buy

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global SiC Semiconductor Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the SiC Semiconductor Market, thereby allowing players to develop effective long term strategies.

Contact Us:

The Insight Partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Electronics and Semiconductor s, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.

This release was published on openPR.