Press release
Silicon Carbide Market: Driving the Future of High-Performance Materials
Silicon carbide (SiC), a compound semiconductor material composed of silicon and carbide atoms, is transforming the way electricity is converted, managed, and distributed. While silicon has long been the dominant material in power electronic devices due to its abundance and low cost, the increasing demand for higher efficiency, power density, and reliability has brought SiC into the spotlight as a superior alternative.Download free sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5965
Superior Properties of Silicon Carbide
SiC offers several advantageous properties over traditional silicon, including higher breakdown voltage and superior thermal conductivity. These characteristics enable the design of smaller and lighter power electronic systems, allowing manufacturers to achieve higher power densities. This means more energy can be delivered using smaller and lighter components, driving the adoption of SiC in power electronics and, consequently, market growth.
Investment Surge in SiC Production
As the demand for SiC continues to rise, particularly driven by applications in new energy vehicles, 5G, solar energy, and photovoltaics, significant investments are being made to enhance production capabilities. The production of SiC is complex and requires substantial investment, but the promising market prospects have led major companies to ramp up their strategic deployments and investments.
Recent Developments in SiC Production:
• Onsemi (U.S.) announced in June 2024 plans to develop a vertically integrated SiC manufacturing facility in the Czech Republic, with a multi-year investment of up to USD 2 billion.
• Mitsubishi Electric Corporation (Japan) declared in March 2023 an increase in their investment plan to roughly 260 billion Yen (USD 1.61 billion) to boost SiC power semiconductor production.
• Microchip Technology Inc. (U.S.) stated in February 2023 an investment of USD 880 million to expand SiC production capacity at their Colorado Springs facility.
• Fuji Electric Co., Ltd. (Japan) made a capital investment in Fuji Electric Tsugaru Semiconductor Co., Ltd. in January 2022 to accelerate SiC power semiconductor production.
Browse in depth: https://www.meticulousresearch.com/product/silicon-carbide-market-5965
Opportunities for SiC Market Growth
SiC in the Oil & Gas Industry
SiC is increasingly used in downhole oil and gas applications due to its durability and heat resistance. Applications include:
• Drill Bits: SiC drill bits are more durable and withstand high temperatures and pressures in deep wells.
• Downhole Tools: Used to measure pressure, temperature, and flow rate, and to perform tasks such as cutting and sealing.
• Casing and Liners: SiC casing and liners protect wellbores from corrosion, erosion, and collapse.
The growing use of SiC in these applications is expected to enhance the efficiency and safety of oil and gas production, driving market growth.
SiC in Electric Vehicles (EVs)
SiC technology is pivotal in the advancement of EVs, providing more efficient and compact power systems capable of handling high-voltage applications. SiC inverters, for instance, offer an efficiency boost of 6-10% compared to traditional silicon-based inverters. As the automotive industry shifts towards 800V and higher systems, SiC is essential for enabling more efficient drivetrains, superior performance, longer ranges, and faster charging times.
Strategic Initiatives by EV Manufacturers:
• STMicroelectronics (Switzerland) collaborated with BorgWarner Inc. (U.S.) in August 2023 to supply third-generation 750V SiC power MOSFETs for Volvo Cars' electric vehicles.
• Jaguar Land Rover (U.K.) partnered with Wolfspeed, Inc. (U.S.) in October 2022 to integrate SiC semiconductors into their next-generation EVs, enhancing powertrain efficiency and driving range.
Download request sample report here: https://www.meticulousresearch.com/request-sample-report/cp_id=5965
Silicon Carbide Market Analysis: Key Findings
By Type:
• Black Silicon Carbide: Expected to dominate the market with a 72% share in 2024, driven by its toughness and wide use in processing materials like glass, ceramics, and non-ferrous metals.
• Green Silicon Carbide: Predicted to register the highest CAGR, used in refractory materials and abrasive tool manufacturing due to its superior hardness and purity.
By End-Use Industry:
• Electronics & Semiconductor: Expected to dominate with a 23% share in 2024, driven by the high voltage resistance of SiC in semiconductor devices.
• Automotive: Forecasted to achieve the highest CAGR, driven by the demand for efficient and high-performance EVs, utilizing SiC to improve vehicle performance and efficiency.
Geographical Analysis
In 2024, Asia-Pacific is expected to account for the largest share of 55% of the SiC market, driven by the rising adoption of advanced ceramics, ongoing R&D, and significant investments in SiC manufacturing. The region is also projected to register the highest CAGR of 18.4%, fueled by the growing automotive industry and increasing demand for EVs.
Example of Investment in Asia-Pacific:
• Silicon Power Group (US) announced in July 2023 a 10-billion-rupee (USD 121.73 million) investment to establish a SiC manufacturing facility in Odisha, India.
Key Players in the Silicon Carbide Market
The competitive landscape includes major players such as: AGSCO Corporation (U.S.), Carborundum Universal Limited (India), Washington Mills Electro Minerals Limited (U.S.), CoorsTek Inc. (U.S.), Entegris, Inc. (U.S.), ESD-SIC bv (Netherlands), Snam Abrasives Pvt. Ltd. (India), Morgan Advanced Materials (U.K.), Saint-Gobain (France), Schunk Group (Germany), Blasch Precision Ceramics, Inc. (U.S.), and Christy Refractories (U.S.).
Latest Industry Developments
• Mitsubishi Electric Corporation (Japan) collaborated with Nexperia B.V. (Netherlands) in November 2023 to develop SiC power semiconductors for the power electronics market.
• STMicroelectronics (Switzerland) and Sanan Optoelectronics (China) established a joint venture in June 2023 to manufacture SiC in Chongqing, with an estimated investment of over $3.2 billion.
Buy now: https://www.meticulousresearch.com/Checkout/40730330
Silicon carbide is undoubtedly revolutionizing the power electronics landscape, offering superior efficiency, power density, and reliability, and its market is poised for substantial growth driven by continuous investments and increasing applications across various industries.
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Silicon Carbide Market: Driving the Future of High-Performance Materials here
News-ID: 3632222 • Views: …
More Releases from Meticulous Research®

RWE Solutions Market to Reach $6.37 Billion by 2031, Growing at 11.7% CAGR
Meticulous Research®-a leading global market research company, published a research report titled,'Real-world Evidence Solutions Market Size, Share, Forecast, & Trends Analysis by Component (Datasets [Clinical, Claims, Pharmacy], Services) Application (Market Access, Drug Development & Approvals, PMS) End User - Global Forecast to 2031'.
The global RWE solutions market was valued at $2.62 billion in 2023. This market is expected to reach $6.37 billion by 2031 from an estimated $2.94 billion in…

Global Corrugated Packaging Market to Hit $206.3 Billion by 2032, Growing at 4.4 …
Meticulous Research®-a leading global market research company, published a research report titled, 'Corrugated Packaging Market by Type (Single Wall, Double Wall, Triple Wall), Packaging Type (Slotted, Telescope, Fold Type & Tray), End Use Industry (Food & Beverages, Consumer Products, Pharmaceutical), and Geography - Global Forecast to 2032.'
According to this latest publication from Meticulous Research®, the global corrugated packaging market is projected to reach $206.3 billion by 2032, at a CAGR…

Regenerative Agriculture Market - Global Opportunity Analysis and Industry Forec …
As the global agricultural sector faces mounting pressure from climate change, soil degradation, and biodiversity loss, regenerative agriculture is emerging as a transformative solution. Unlike conventional farming, regenerative agriculture goes beyond sustainability-it aims to restore ecosystems, improve soil health, and increase biodiversity while also providing economic resilience to farmers. From multinational agribusinesses to smallholder farms, stakeholders are turning to regenerative practices to future-proof food systems.
According to industry estimates, the global…

Organic Farming Market - Global Opportunity Analysis and Industry Forecast (2025 …
Organic farming is no longer just a trend-it's becoming a critical part of the global food production system. With growing concerns about food safety, environmental degradation, and the health impact of chemical-based agriculture, consumers and producers alike are shifting toward sustainable, organic alternatives. As this movement gains momentum, the organic farming market is poised for significant growth over the coming years.
Market Overview
The global organic farming market was valued at approximately…
More Releases for SiC
Global SiC MOSFETs Market
SiC MOSFETs Market Overview
Silicon carbide MOSFETs have the characteristics of low on-resistance and small switching losses, which can reduce device losses and improve system efficiency, and are more suitable for high-frequency circuits. It is widely used in the fields of new energy vehicle motor controller, vehicle power supply, solar inverter, charging pile, UPS, PFC power supply and other fields. This report provides a deep insight into the global SiC MOSFETs…
SIC Discrete Device Market
The "SIC Discrete Device Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global SIC Discrete Device Market, 2024-2031
Verified Market Research's most recent report, "SIC Discrete Device Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides…
SiC MOSFET and SiC SBD Market Analysis,Demand,Trends and Forecast 2029
Global Info Research announces the release of the report "Global SiC MOSFET and SiC SBD Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across…
Global High Purity SiC Powder for SiC Single Crystal Market Insights, Forecast …
Global Info Research announces the release of the report "Global High Purity SiC Powder for SiC Single Crystal Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company…
Latest Ceramic Matrix Composites Market by Matrix Type (C/C, C/Sic, Oxide/Oxide, …
The Ceramic Matrix Composites research report is valuable for every market enthusiast, stakeholder, policymaker, and market player. It offers vital information about the industry, including crucial facts, figures, expert opinions, and the latest developments across the globe. In addition, the Ceramic Matrix Composites research report provides data on the patterns and outcomes, target business sectors and materials, limits, and advancements.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=319907
The ceramic matrix composites market…
Black SiC Market Report 2018 Companies included Saint-Gobain, Cumi Murugappa, El …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the basis…