Silicon Carbide Market 2021: Global Industry Analysis Report to 2027

The global silicon carbide market size was valued at $2.52 billion in 2019 and is expected to record a CAGR of nearly 16% from 2021 to 2027. The growing steel industry is expected to drive growth as silicon carbide (SiC) is used as: It is a deoxidizer in the steel industry and a major raw material for the production of refractories. Refractories made from silicon carbide have a thermal conductivity ten times higher than that of refractory clay refractories. Global crude steel production increased by 4.5% from 2017 to 2018. Accordingly, the increase in steel production is expected to boost demand for refractory materials, which is expected to spur the market growth soon.

A full report of Silicon Carbide Market available at: https://www.orionmarketreports.com/silicon-carbide-market/7359/

Key Market Players

Infineon Technologies AG (Munich, Germany), CREE, INC. (North Carolina, US), ROHM Co., Ltd. (Kyoto, Japan), STMicroelectronics N.V. (Geneva, Switzerland), and Fuji Electric Co., Ltd. (Tokyo, Japan) are a few major companies operating in the silicon carbide market. These companies have adopted both organic and inorganic growth strategies such as product launches and developments, expansions, partnerships, agreements, contracts, collaborations, and acquisitions to strengthen their position in the market.

Silicon Carbide Market- Segmentation

By Device

• SIC Discrete Device
• SIC Bare Die

By Wafer Size

• 2 Inch
• 4 Inch
• 6 Inch and Above

By Application

• Power Grid Devices
• Flexible AC Transmission Systems (FACTs)
• High-Voltage, Direct Current Systems (HVCDs)
• Power Supplies and Inverters
• RF Devices & Cellular Base Stations
• Lighting Control Systems
• Industrial Motor Drives
• Flame Detectors
• EV Motor Drives
• EV Charging Stations
• Electronic Combat Systems
• Wind Turbine
• Solar Power Systems
• Others

By Vertical:

• Energy & Power
• Automotive
• Renewable Power Generation
• Defense
• Power Electronics
• Telecommunication
• Others

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

The report covers the following objectives:

• Proliferation and maturation of trade in the Silicon Carbide Market.
• The market share of the Silicon Carbide Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Silicon Carbide Market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Silicon Carbide Market.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Silicon Carbide Market Report

• What was the Silicon Carbide Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Silicon Carbide Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Silicon Carbide Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.