Press release
Silicon Carbide Market size was valued at USD 4.8 Bn. in 2023 and the total Silicon Carbide revenue is expected to grow by 29.3% from 2024 to 2030, reaching nearly USD 29 Bn.
Silicon Carbide Market
Over the forecast period, Silicon Carbide Market is expected to grow from USD 4.8 Bn. to USD 29 Bn. by 2030, at a CAGR of 29.3 per cent.
Asia Pacific region dominated the Silicon Carbide Market in 2023, with the largest market share. The Asia-Pacific region is a significant player in the global SiC semiconductors industry, including these countries as main manufacturing centers for SiC wafers, devices and components.
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China is the largest Silicon Carbide exporter whereas Japan and South Korea are becoming major powers in the worldwide semiconductor industry.
In Europe, countries such as Germany, Norway, and the United Kingdom, have an important presence in this industry. Norway is the largest exporter of the Silicon Carbide Market in the Europe region.
In January 2024, Infineon Technologies AG. announced expanding the wafer supply agreement, which is valued at USD 20 billion, with Wolfspeed, Inc. The plan is for Infineon to provide SiC 150 mm wafers to Wolfspeed for making SiC devices.
In December 2023, STMicroelectronics N.V., announced the agreement they signed with Li Auto. This is a China-based company that manufactures smart premium electric vehicles. As per this agreement, STMicroelectronics will provide SiC MOSFET devices to support and strengthen Li Auto's plans concerning high-voltage battery electric vehicles (BEVs) for different market divisions.
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Global Silicon Carbide Market segmentation:
by Product Type
• Black Silicon Carbide
• Green Silicon Carbide
• Others
by Application
• Steel
• Automotive
• Aerospace
• Military & Defense
• Electrical & Electronics
• Healthcare
• Others
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Global Silicon Carbide Market Key Players are:
1. Wolfspeed - [United States]
2. ON Semiconductor Corporation - [United States]
3. United Silicon Carbide Inc. - [United States]
4. GeneSiC Semiconductor Inc. - [United States]
5. Alpha and Omega Semiconductor - [United States]
6. Littelfuse Inc. - [United States]
7. Microsemi Corporation (Microchip Technology) - [United States]
8. General Electric Company - [United States]
9. AGSCO Corporation - [United States]
𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-silicon-carbide-market/16023/
Key questions answered in Global Silicon Carbide Market are:
1] What segments are covered in the Silicon Carbide Market report?
2] Which region is expected to hold the highest share in the global Silicon Carbide Market?
3] What is the market size of the global Silicon Carbide Market by 2030?
4] Who are the top key players in the global Silicon Carbide Market?
5] What was the market size of the global Silicon Carbide Market in 2023?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Regional analysis, Segment Analysis, Competitive landscape
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Maximize Market Research has also published reports related to Global Silicon Carbide Market are:
• Silicon Carbide Fiber Market is expected to reach US$ 4482.64 Mn. in 2030, with a CAGR of 27.8% for the period 2024-2030, because of the increasing use of lightweight silicon carbide (SiC) fibres.
https://www.maximizemarketresearch.com/market-report/global-silicon-carbide-fiber-market/44732/
• Porous Silicon Substrates Market is projected to grow at a CAGR of 7.1% during the forecast period, from 2024 to 2030, to reach a market size of USD 8.86 billion by 2030, up from USD 5.48 billion in 2023
https://www.maximizemarketresearch.com/market-report/porous-silicon-substrates-market/198649/
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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