Press release
Silicon Carbide (SiC) Market Size 2022 with 7% CAGR : Recent Innovations & Technological Advancements in Report, Value Chain Analysis Till 2029
The Global Silicon Carbide (SiC) Market is forecast to reach above USD 787.44 million by 2029 by rising at a compound annual growth rate (CAGR) of 7% throughout the forecast period from 2022 To 2029Silicon Carbide (SiC) Market Overview
Silicon carbide is employed in white gap semiconductor materials, which are widely used at high temperatures or high voltages, in semiconductor electronic devices. The two disorders can occasionally coexist. Another term for silicon carbide is carborundum. The chemical is composed of silica and carbon. One of the toughest materials, it has a lower switching frequency and a far higher power rating than silicon. Silicon carbide has the potential to be utilised in high-power switching applications where the environmental conditions are harsh. Manufacturers of silicon carbide have only a few causes and properties that have encouraged it despite being a very acceptable and demanding compound to be employed.
The global Silicon Carbide (SiC) market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
Infineon adds GT advanced technology to its silicon carbide supply base in November 2020. The original period of the contract for the supply of SiC boules is 5 years.
A new silicon carbide power module for electric vehicles was introduced by Infineon in June 2020. High power density, performance, and efficiency characterise the item.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Silicon Carbide (SiC) market manufacturers. The revenue created from the sales of Silicon Carbide (SiC) Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are COI Ceramics, Washington Mills, SGL Group, Specialty Material, Advanced Ceramic Fibers, Toyo Tanso, GE Aviation, Haydale, Saint Gobain, American Elements, Kyocera SGS, Sandvik and Others.
The Silicon Carbide (SiC) Market has been segmented as below:
Global Silicon Carbide Market By Type, 2020-2029, (USD Million), (Kilotons)
SIC Fiber
SIC Cutting Tools
Global Silicon Carbide Market By Application, 2020-2029, (USD Million), (Kilotons)
Ceramic Composite Material
Polymer Matrix Composites
Metal Composites Material
Non-Composite Material
Global Silicon Carbide Market By End User, 2020-2029, (USD Million), (Kilotons)
Aerospace
Energy & Power
Automotive Healthcare
Electrical & Electronics
Others
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Silicon Carbide (SiC) Market: Regional Analysis
The worldwide silicon carbide market is divided into discrete SiC devices and SiC bare die based on device. The power grid devices, flexible ac transmission system, high-voltage, direct current system, power supplies and inverter, rf devices & cellular base station, lighting control system, ev charging station, and other applications categories make up the market's application-based segmentation.
The market is divided into five regions based on where it is geographically located: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Silicon Carbide (SiC) Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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