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Silicon Carbide - Global Market Outlook (2018-2027)

Silicon Carbide - Global Market Outlook (2018-2027)

4.5 (55 reviews)
Published: March 2020 ID: SMRC19015
4.5 (55 reviews)
Published: March 2020 ID: SMRC19015

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Silicon Carbide Market is accounted for $526.03 million in 2018 and is expected to reach $2968.48 million by 2027 growing at a CAGR of 21.2% during the forecast period. Surging preference for motor drives in lining SIC-based devices and high demand for SiC Devices in power electronics industry are the major factors propelling the market growth. However, high material and fabrication cost are hampering the market growth.

Silicon carbide is a compound of silica and carbon. SIC is one of the hard material, which has extraordinary performance when compared to silicon. Additionally, it can possibly to offer high power switching application in extreme environment. Silicon carbide is wide gap semiconductor material which is utilized in semiconductor electronics devices that work at high temperature or high voltage or both. This property has made silicon carbide to highly ideal in end-use applications.

Based on the end user, the power electronics segment is going to have a lucrative growth during the forecast period because of the ability of SiC to diminish energy loss and rise life and also the efficiency of power electronics. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to increasing sales of electric and hybrid electric vehicles and initiatives taken by several governments to promote the use of these vehicles in this region.

Some of the key players profiled in the Silicon Carbide Market include Infineon Technologies AG, CREE, Inc., ROHM Co., Ltd., STMicroelectronics N.V., Fuji Electric Co., Ltd., ON Semiconductor, General Electric Company, Toshiba Corporation, Renesas Electronics Corporation, Microchip Technology Incorporated, UnitedSiC, SEMIKRON, Ascatron, GeneSiC Semiconductor Inc. and Powerex Inc.   

Products Covered:
• Green silicon carbide
• Black silicon carbide

Devices Covered:
• SiC Discrete Device
• SiC Bare Die  

Wafer Sizes Covered:
• 2 Inch
• 4 Inch
• 6 Inch and Above

Technologies Covered:
• Refractory Grade
• Metallurgical Grade

Crystal Structures Covered:
• Zinc Blende (3C-SiC)
• Wurtzite (6H-SiC)
• Wurtzite (4H-SiC)
• Rhombohedral (15R-SiC)

Applications Covered:
• Wind Turbines
• Solar Power Systems
• RF Devices & Cellular Base Stations
• Power Supplies and Inverters
• Power Grid Devices
• Lighting Control Systems
• Industrial Motor Drives
• High-Voltage Direct Current Systems (HVCD)
• Flexible AC Transmission Systems (FACTs)
• Flame Detectors
• EV Motor Drives
• EV Charging Stations
• Electronic Combat Systems

End Users Covered:
• Telecommunication
• Steel
• Semiconductors
• Renewable Power Generation
• Refractory Industry
• Power Electronics
• Military &Defense
• Metallurgical Industry
• Healthcare & Medical
• Energy & Power
• Electrical & Electronics
• Consumer Electronics
• Chemical
• Ceramic Industry
• Automotive
• Aerospace & Aviation
• Abrasive Industry 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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