Silicon Carbide Power Semiconductor Market 2021 Strategic Assessments - Infineon technologies AG, Texas instruments Inc., ST Microelectronics NV, NXP semiconductor

The Silicon Carbide Power Semiconductor Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Silicon Carbide Power Semiconductor market was valued at USD 592.76 million in 2020, and it is expected to reach a value of USD 3112.61 million by 2026, at a CAGR of 31.40% over 2021-2026.

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Top Leading Companies of Silicon Carbide Power Semiconductor Market are Infineon technologies AG, Texas instruments Inc., ST Microelectronics NV, NXP semiconductor, ON Semiconductor Corporation, Renesas Electronic Corporation, Broadcom Limited, Hitachi Power Semiconductor Device Ltd, Toshiba Corporation, Mitsubishi Electric Corporation, Fuji Electric Co. Ltd, Semikron International and others.

Industry News and Updates

February 2020 -- Infineon Technologies AG expanded its comprehensive silicon carbide (SiC) product portfolio with 650 V devices. With the newly launched CoolSiC MOSFETs, Infineon addresses the growing demand for energy efficiency, power density, and robustness in a wide range of applications. Among them are server, telecom, and industrial SMPS, solar energy systems, energy storage, and battery formation, UPS, motor drives, and EV-charging.

January 2020 -- STMicroelectronics NV announced that it has signed a multi-year silicon carbide (SiC) wafers supply agreement with SiCrystal, a ROHM Group company. Under the agreement, SiCrystal is set to supply over 120 million dollars of silicon carbide wafers to STMicroelectronics. The company aims to leverage the demand ramp-up for silicon carbide power devices across various industries, including industries and automotive markets.

Key Market Trends

Asia-Pacific Will Grow Significantly Over the Forecast Period

- Asia-Pacific is expected to dominate the global SiC power semiconductor market mainly as the region dominates the global semiconductor market, which is further supported by government policies favoring semiconductor growth. The region is also the largest producer and consumer of consumer electronics, and the demand for smart consumer electronic products is exponentially growing here

- Also, the region is one of the significant automotive and EV markets around the world. China is the largest maker of electric vehicles. As of 2018, electric vehicles accounted for approximately 4% of the overall Chinese vehicle market. Approximately 45% of electric cars deployed worldwide were in China, compared to 39% in 2017. With the increasing production of electric vehicles and their infrastructure in the Asia-Pacific region, coupled with favorable industrial regulations in countries like China, India, and South Korea. This is also expected to drive the production of SiC power semiconductors in the region

Regional Outlook of Silicon Carbide Power Semiconductor Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Silicon Carbide Power Semiconductor Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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