Silicon Carbide (SiC) Market to Grow at a Surprising CAGR of 15.20% by 2030, Size, Share, Trends, Strategies, Competitive Analysis and Regional Overview

Data Bridge Market Research analyses that the silicon carbide (SiC) market, which was USD 1,035.65 million in 2022, would rocket up to USD 3,212.42 million by 2030, and is expected to undergo a CAGR of 15.20% during the forecast period of 2023 to 2030.  

"Power electronics" dominates the vertical segment of the silicon carbide (SiC) market owing to their significant advantages over traditional silicon-based devices, including higher efficiency, faster switching speeds, and better thermal conductivity. These characteristics make silicon carbide ideal for power electronics applications, such as power grid devices, flexible AC transmission systems, high-voltage direct current, power supplies, inverters, industrial motor drives, EV motor drives, and more. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand

Explore Further Details about This Research Report @ https://www.databridgemarketresearch.com/reports/global-silicon-carbide-market

Some of the major players operating in the silicon carbide (SiC) market are:
Infineon Technologies AG (Germany)
Cree, Inc. (U.S.)
ROHM Co., Ltd. (Japan)
Microsemi (U.S.)
STMelectronics (Switzerland)
Fuji Electric Co., Ltd.  (Japan)
Semiconductor Components Industries, LLC (U.S.)
General Electric (U.S.)
Toshiba Corporation (Japan)
Renesas Electronics Corporation (Japan)
Microchip Technology Inc.,(U.S.)
Grindwell Norton Limited (India)
Dow (U.S.)
CUMI (India)
Entegris (U.S.)

Global Silicon Carbide (SiC) Market Scope
Product
Black Silicon Carbide
Green Silicon Carbide

Device
SIC Discrete Devices
SIC Bare Die

Wafer Size
2 Inch
4 Inch
6-Inch and above

Application
RF Device and Cellular Base Station
Power Grid Device
Flexible AC Transmission Systems
High-Voltage
Direct Current
Power Supply and Inverter
Lighting Control
Industrial Motor Drive
Flame Detector
EV Motor Drive
EV Charging
Electronic Combat System
Wind Energy
Solar Energy
Others

Vertical
Telecommunication
Energy and Power
Automotive
Renewable Power Generation
Defense
Power Electronics
Others

Silicon Carbide (SiC) market Market Regional Analysis/Insights
The Silicon Carbide (SiC) market market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.

The countries covered in the Silicon Carbide (SiC) market market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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