Silicon Carbide Market to Observe Strong Growth to Generate Massive Revenue in Coming Years

The latest study released on the global 'Silicon Carbide' market by AMA Research evaluates market size, trend, and forecast to 2030. The 'Silicon Carbide' market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

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Some of the key players profiled in the study are:
Infineon Technologies AG (Germany), Cree Inc. (Wolfspeed) (United States), Rohm Semiconductor (United States), Stmicroelectronics N.V. (Switzerland), Fuji Electric Co., Ltd. (Japan), On Semiconductor (United States), General Electric (United States), United Silicon Carbide, Inc. (United States), Genesic Semiconductor Inc. (United States), Renesas Electronics Corporation (Japan),
A Silicon Carbide (SiC) is the compound of silicon and carbon. This is also known as Carborundum. Silicon Carbide exhibits advantageous properties such as high strength, oxidation resistance, high thermal conductivity, high-temperature strength, high hardness, superior chemical inertness, wear resistance, low thermal expansion, high elastic modulus, low density, and excellent thermal shock resistance. Moreover, it is widely incorporated into applications in various industries, for instance, automotive aerospace and aviation, electronics and semiconductors, medical and healthcare and military and defense, steel and energy. It also holds demand in LEDs and lightening arrest.

On 7 Jan 2019, DURHAM, Cree, Inc. has announced a multi-year agreement to produce and supply its Wolfspeed silicon carbide (SiC) wafers to STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications. The agreement manages the supply of the quarter billion dollars of Cree’s advanced 150 mm silicon carbide bare as well as epitaxial wafers to STMicroelectronics throughout this period of astonishing growth and demand for silicon carbide power devices.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Silicon Carbide Market various segments and emerging territory.

Influencing Market Trend
• Power Inverters for Electric Vehicles
• Increasing Use of Nano Sic Powders
Market Drivers
• The capability of SIC in Semiconductor to Perform at High Temperature and High Voltage & Power
• Robust Demand from Steel Manufacturing and Steel Processing Industry
• Increasing Use of Silicon Carbide (Sic) In Military Applications
Opportunities:
• Growing Utilization of Power Semiconductor Technology in Renewable Energy Generation
• Success of Electromobility
Challenges:
• Defects in Material and Issue Related To the Package

Analysis by Type (Black Silicon Carbide, Green Silicon Carbide), Application (RF Device & Cellular Base Station, Power Grid Device, Flexible Ac Transmission Systems (Facts), High-Voltage, Direct Current (HVCD), Power Supply and Inverter, Lighting Control, Industrial Motor Drive, Flame Detector, EV Motor Drive, EV Charging, Electronic Combat System, Wind Energy, Solar Energy, Others), Wafer Size (2-Inch, 4-Inch, 6-Inch and Above), Vertical (Telecommunication, Energy & Power, Automotive, Renewable Power Generation, Defense, Power Electronics, Others), Device (SIC Discrete Devices, SIC MOSFET, SIC Diode, SIC Module, SIC Bare Die)

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The regional analysis of Global Silicon Carbide Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2030.

On 12 November 2018, Infineon Technologies AG acquired Siltectra GmbH, a start-up based in Dresden. The company has developed innovative technology in order to process crystal material efficiently and with negligible loss of material. Infineon will use the Cold Split technology to split silicon carbide (SiC) wafers, thus expanding the number of chips out of one wafer. A purchase cost of 124 million Euros was settled on with the venture capital investor MIG Fonds, the main shareholder.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/17494-global-silicon-carbide-market?utm_source=OpenPR/utm_medium=Rahul

Highlights of the Report
• The future prospects of the global Silicon Carbide market during the forecast period 2024-2030 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Silicon Carbide market.

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Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
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This release was published on openPR.