Silicon Carbide Market Deep Research Report with Forecast by 2032 | STMicroelectronics N.V., Infineon Technologies AG

The Silicon Carbide Market is Valued USD 2.03 billion in 2024 and projected to reach USD 10.3 billion by 2030, growing at a CAGR of 31.7 % During the Forecast period of 2024-2032. The improved use of the product to manufacture refractory materials for the steel industry is projected to aid the market growth during the forecast period. Silicon carbide is used as a raw material for refractory on account of its high-temperature resistance. The refractory products are widely used in the linings of kilns, furnaces, and reactors in various industries, such as cast iron, steel, aluminum, and metal. The production growth in the aforementioned ferrous and non-ferrous industries is expected to drive the market for refractory materials.

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The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.

Top companies covered in this report: STMicroelectronics N.V., Infineon Technologies AG, WOLFSPEED, INC., ON Semiconductor Corporation, ROHM Co., Ltd., Fuji Electric Co., Ltd., Toshiba Corporation, Hitachi Ltd., Microchip Technology Inc., TT Electronics, Vishay Intertechnology, Inc., WeEn Semiconductors, Coherent Corp. (II-VI Incorporated), and Semikron Danfoss. and others.

Industry News:

January 2022: Toshiba Electronic Devices & Storage Corporation introduced two silicon carbide (SiC) MOSFET Dual Modules: "MG600Q2YMS3," with a voltage rating of 1200V and drained current rating of 600A, and "MG400V2YMS3," with a voltage rating of 1700V and drain current rating of 400A. This launch is anticipated to create growth opportunities for the Silicon Carbide industry.

January 2023: onsemi introduced its silicon carbide (SiC) family, "EliteSiC". At the Consumer Electronics Show (CES) in Las Vegas, the company unveiled three new members of the family: a 1700 V EliteSiC MOSFET and two 1700 V avalanche-rated EliteSiC Schottky diodes.

Silicon Carbide Market Segmentation:

Device:
SiC Discrete Device
SiC Diode
SIC MOSFET
SiC Module

Wafer Size:
Up to 150 MM
>150 MM

End-use Application:

Automotive
Energy & Power
Industrial
Transportation
Telecommunications
Others

Regional Analysis

North America (USA and Canada)
Europe (UK, Germany, France and rest of Europe)
Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)

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Important Features of the reports:

- Detailed analysis of the Silicon Carbide Market
- Fluctuating market dynamics of the industry
- Detailed market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Silicon Carbide Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Silicon Carbide Market performance.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Silicon Carbide Market.

Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Silicon Carbide Market

How big will the market and growth rate be in 2032?

What are the key drivers for the global Silicon Carbide Market?
What are the major market trends influencing the growth of the global Silicon Carbide Market?
What are the challenges for market growth?
Who are the key vendors in the global Silicon Carbide Market?
What market opportunities and threats are vendors facing in the global Silicon Carbide Market?
What are the main findings of the five forces analysis of the global Silicon Carbide Market?

Conclusion: At the end of the Silicon Carbide Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segmental analysis is also provided in terms of type and application.

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