“Silicon Carbide Power Semiconductor Market” report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Silicon Carbide Power Semiconductor Market by region.
Global Silicon Carbide Power Semiconductor Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2030.
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Silicon Carbide Power Semiconductor is developed with the composition of silicon and carbide. It offers various advantages over silicon such as enabling a wide range of n-type and p-type control for device construction, 10x the breakdown electric field strength,3x band gap, etc. This silicon carbide power semiconductor has major advantages across satellite communications, microwave links, mobile phones, radar systems, etc. The Silicon Carbide Power Semiconductor market is expanding because of factors such as the rising demand for consumer electronics and the growing demand for energy-efficient battery-powered portable devices in the forecast period
According to Statista in 2022, China is deemed as the leading region in electronic devices in terms of highest revenue generation with a worth of around USD 250,911 million. By 2026, the consumer electronic market is anticipated to account for a value of around USD 1,056,693 million. Also, the electronic devices market is expected to grow rapidly in coming years across the globe
It includes smartphones, TV sets, game consoles computers, laptops, and so on. Whereas rising installation of solar photovoltaic panels and growing demand for plug-in electric vehicles and hybrid electric vehicles create lucrative opportunities for the market. However, the shortage of silicon wafers and variables driving requirements hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Silicon Carbide Power Semiconductor Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the increasing demand from end-use industries, and rising adoption of electronic vehicles and smart technologies. Whereas the Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising consumer spending electronic devices and rising penetration of market players, and growing awareness of smart devices
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Major market players included in this report are:
- Infineon technologies AG
- UnitedSiC
- ST Microelectronics NV
- ON Semiconductor Corporation
- GeneSiC Semiconductor Inc.
- Danfoss A/S
- Microsemi Corporation
- Toshiba Corporation
- Mitsubishi Electric Corporation
- Fuji Electric Co. Ltd
Recent Developments in the Market:
- In June 2021, the Japanese electronics company Hitachi expanded its presence in Hillsboro. The company is building a big semiconductor research lab to cooperate with manufacturing clients across the United States. It will help the company to create new technologies
- In April 2021, Infineon technologies has enhanced its 1200 Product line by launching EasyPACK 2B module. This new module offers a three-level Active NPC (ANPC) topology, including, NTC temperature sensor, PressFIT contact technology pins, CoolSiC MOSFETs, and TRENCHSTOP IGBT7 devices
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By End-User Industry:
Automotive
IT and Telecommunication
Power
Industrial
Other End-user Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market:The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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