Sic Power Semiconductor Market Size, Share And Growth Analysis For 2024-2031 | STMicroelectronics NV, Infineon Technologies AG, SemiQ Inc.

DataM Intelligence has published a new research report on "Sic Power Semiconductor Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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The Sic Power Semiconductor market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

The SiC power semiconductor market refers to the industry focused on the development, manufacturing, and application of silicon carbide (SiC) semiconductors. These semiconductors are a type of wide-bandgap material, which means they can operate at higher voltages, frequencies, and temperatures compared to traditional silicon-based semiconductors. SiC power semiconductors are primarily used in power electronics, playing a crucial role in energy-efficient systems such as electric vehicles, renewable energy systems, industrial equipment, and more. The demand for these components is rising due to their ability to improve performance, reduce energy losses, and extend the lifespan of electronic devices.

Key Developments:

On December 1, 2022, STMicroelectronics and Soitec, two industry leaders in semiconductor materials, announced the next phase of their collaboration focused on Silicon Carbide (SiC) substrates. Over the next 18 months, STMicroelectronics will qualify Soitec's SiC substrate technology, with plans to incorporate Soitec's SmartSiC technology into ST's upcoming 200mm substrate production. This partnership aims to support ST's production of devices and modules, with volume production expected in the medium term.

Earlier, on March 16, 2022, GE Aviation introduced Digi-Key Electronics as a new channel partner for the marketing and distribution of Silicon Carbide (SiC) power modules designed for industrial vehicles, aviation, and military applications. These SiC modules, available in 1200V and 1700V options, are designed for high-voltage power generation, DC-DC power converters, and inverter applications requiring high power density, efficiency, and reliability.

On June 9, 2021, Wolfspeed, the silicon carbide technology division of Cree, Inc., announced that its 650V silicon carbide MOSFETs would be used in next-generation Common Redundant Power Supply (CRPS) solutions by Shenzhen Gospower Digital Technology Co., Ltd. (Gospower). As a national high-tech leader in power electronics converters, Gospower's integration of Wolfspeed's SiC technology will enhance power efficiency and support the rapid growth of China's cloud-based digital storage industry.

Forecast Growth Projected:

The Global Sic Power Semiconductor Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Sic Power Semiconductor Market:

STMicroelectronics NV, Infineon Technologies AG, SemiQ Inc., Microchip Technology, GeneSiC Semiconductor Inc., Danfoss A/S, Microsemi Corporation, Toshiba Corporation, Mitsubishi Electric Corporation and Fuji Electric Co. Ltd.

Segment Covered in the Sic Power Semiconductor Market:

By Component: SiC Discrete, SiC Modules, SiC Power Integrated Circuit.

By Application: Power Supplies, Electric Vehicles, Renewable Energy Systems, Industrial Motor Drives, Others.

By End-User: Power Supplies, Energy and Power, Consumer Electronics, Industrial, Telecommunications, Aerospace and Defense, Others.

Regional Analysis:

The global Sic Power Semiconductor Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Sic Power Semiconductor Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Sic Power Semiconductor Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Sic Power Semiconductor manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Sic Power Semiconductor in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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FAQs

How fast is the Sic Power Semiconductor Market growing?

The Sic Power Semiconductor Market will exhibit a CAGR of 33.10% during the forecast period, 2024-2031.

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