Silicon Carbide Market Comprehensive Research, Trends, Industry Size, Global Growth Insights And Forecast Report 2032: Infineon Technologies, Wolfspeed Inc., Rohm, ESK-SiC GmbH, ESD-SIC BV, Grindwell Norton Ltd., Entegris Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.

As per the silicon carbide market report by The Business Research Company, the emerging demand for electric vehicles is significantly driving the growth of the silicon carbide market. Electric vehicles (EVs) use rechargeable batteries that produce very little noise and no exhaust, making them environmentally friendly. SiC is a semiconductor material used in electric vehicles because it has a higher thermal conductivity, can handle high voltages up to 1200 volts, and increases efficiency while lowering the vehicle's weight and cost.

The global silicon carbide market size grew from $1.95 billion in 2022 to $2.31 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The silicon carbide market size is expected to grow to $4.14 billion in 2027 at a CAGR of 15.6%.

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Major competitors in the silicon carbide market include Infineon Technologies, Wolfspeed Inc., Rohm, ESK-SiC GmbH, ESD-SIC BV, Grindwell Norton Ltd., Entegris Inc., Saint Gobain Ceramic Materials GmbH, AGSCO Corporation, Carborundum Universal Limited, The Dow Chemical Company, Fuji Electric Co. Ltd.

The silicon carbide market is segmented -

• By Product: Black Silicon Carbide, Green Silicon Carbide

• By Device Type: SiC Discrete Device, SiC Bare Die

• By Application: Steel, Automotive, Aerospace, Military and Defense, Electrical and Electronics, Healthcare, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the silicon carbide market.

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The silicon carbide market consists of sales of silicon carbide in different forms, including nitride-bonded silicon carbide, sintered silicon carbide, and reaction-bonded silicon carbide. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The Table Of Content For The Silicon Carbide Market Include:
1. Executive Summary
2. Silicon Carbide Market Characteristics
3. Silicon Carbide Market Trends And Strategies
4. Silicon Carbide Market - Macro Economic Scenario
5. Silicon Carbide Market Size And Growth
6. Silicon Carbide Market Segmentation
.........................
27. Silicon Carbide Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Silicon Carbide Market
29. Silicon Carbide Market Future Outlook And Potential Analysis
30. Appendix

The "Global Silicon Carbide Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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