{"id":9405,"date":"2020-05-05T23:30:00","date_gmt":"2020-05-05T23:30:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2540479"},"modified":"2020-05-05T23:30:00","modified_gmt":"2020-05-05T23:30:00","slug":"key-developments-in-silicon-carbide-market","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/05\/05\/key-developments-in-silicon-carbide-market\/","title":{"rendered":"Key Developments in Silicon Carbide Market"},"content":{"rendered":"

According to the new market research report“<\/strong>Silicon Carbide Market by Device (SiC Discrete Device and Bare Die), Wafer Size (4 Inch, 6 Inch and Above, and 2 Inch), Application (Power Supplies and Inverters and Industrial Motor Drives), Vertical, and Region – Global Forecast to 2025″<\/strong>, published by MarketsandMarkets\"™\",the Silicon Carbide Marketsize is estimated to grow fromUSD 749 million<\/span>in 2020 toUSD 1,812 million<\/span>by 2025, at a CAGR of 19.3%. The size-reduction feature facilitated by SiC-based devices is one of the primary factors fueling the growth of this market.<\/p>\n

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Ask for PDF Brochure:<\/strong><\/p>\n

https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=439<\/a><\/p>\n

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“The SiC discrete device segment accounted for a larger share of silicon carbide market in 2019”<\/strong><\/p>\n

SiC discrete device accounted for a larger share of the silicon carbide industry in 2019. The growth of this segment is attributed to the increasing demand for SiC discrete devices for use in numerous applications, including power grid devices, high-voltage direct current systems (HVDC), power supplies and inverters, and RF & cellular base station applications.<\/p>\n

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“Demand for 6 Inch and above is expected to grow at the highest CAGR during the forecast period”<\/strong><\/p>\n

The 6 inch and above segment is projected to lead the silicon carbide market between 2020 to 2025 exhibiting the fastest CAGR. Its ability to produce a large number of devices in a single batch is expected to drive the growth of the segment. Moreover, they are much superior compared to 2- and 4-inch silicon carbide wafer sizes.<\/p>\n

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“Power supplies and inverters application accounted for the largest share of silicon carbide industry in 2019”<\/strong><\/p>\n

The power supplies and inverters application held the largest share of the silicon carbide market in 2019. The growth is attributed to the increasing demand for highly efficient and stable power supplies such as power modules, uninterruptible power supply (UPS), and wireless charging devices in automotive, power electronics, renewable power generation, and telecommunication sectors.<\/p>\n

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“The demand for silicon carbide is expected to witness the highest gains from the automotive vertical during the forecast period”<\/strong><\/p>\n

The automotive vertical is expected to grow at the highest CAGR during the forecast period. The growth is attributed to the increasing investments by business giants such as Tesla, Mercedes-Benz, and Mitsubishi in the manufacturing and development of on-board chargers (OBCs) and inverters for EV and plug-in hybrid EV (PHEV).<\/p>\n

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Browsein-depth TOC on<\/em>“<\/strong>Silicon Carbide Market<\/a>“<\/strong><\/p>\n

67 – Tables
<\/strong>45 – Figures
<\/strong>145 – Pages<\/strong><\/p>\n

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Inquiry Before Buying:<\/strong><\/p>\n

https:\/\/www.marketsandmarkets.com\/Enquiry_Before_BuyingNew.asp?id=439<\/a><\/p>\n

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“APAC is expected to grow at highest CAGR during the forecast period”<\/strong><\/p>\n

APAC is expected to grow at the highest CAGR during the forecast period. The growth of the silicon carbide market in APAC is attributed to the presence of regional vendors inChina<\/span>,Japan<\/span>, andSouth Korea<\/span>, offering low-cost solutions, which in turn causes a decline in prices of silicon carbide devices. Additionally, the increase in the mass production of electric vehicles in the aforementioned countries supports the growth of the market.<\/p>\n

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Infineon Technologies AG (Munich, Germany<\/span>), CREE, INC. (North Carolina<\/span>, US), ROHM Co., Ltd. (Kyoto, Japan<\/span>), STMicroelectronics N.V. (Geneva, Switzerland<\/span>), and Fuji Electric Co., Ltd. (Tokyo, Japan<\/span>), are the key players in the silicon carbide market. These players are increasingly undertaking strategies such as product launches & developments, expansions, partnerships, agreements, contracts, collaborations, and acquisitions to increase their market share.<\/p>\n

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Related Reports :<\/strong><\/p>\n

GaN Power Device Market<\/a><\/strong>by Device Type (Power, RF Power), Voltage Range, Application (Power Drives, Supply & Inverter, and RF), Vertical (Telecommunications, Consumer, Automotive, Military, Defense, Aerospace), and Geography – Global Forecast to 2023<\/p>\n

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Compound Semiconductor Market<\/a><\/strong>by Type (GaN, GaAs, InP, SiGe, SiC, GaP), Product (LED, RF, Optoelectronics, Power Electronics), Application (Telecommunications, General Lighting, Military & Defense, Datacom, Automotive), Geography – Global Forecast to 2024<\/p>\n

Tags: Silicon Carbide Market<\/a><\/p>\n

See Campaign: <\/strong>https:\/\/www.marketsandmarkets.com\/Market-Reports\/silicon-carbide-electronics-market-439.html<\/a>
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\nUSA : 1-888-600-6441<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

According to the new market research report “Silicon Carbide Market by Device (SiC Discrete Device and Bare Die), Wafer Size (4 Inch, 6 Inch and Above, and 2 Inch), Application (Power Supplies and Inverters and Industrial Motor Drives), Vertical, and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Silicon Carbide Market size is estimated to grow … Continue reading Key Developments in Silicon Carbide Market<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,5,4,54],"tags":[],"class_list":["post-9405","post","type-post","status-publish","format-standard","hentry","category-english","category-extended-distribution","category-research-newswire","category-wire"],"yoast_head":"\nKey Developments in Silicon Carbide Market - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/05\/05\/key-developments-in-silicon-carbide-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key Developments in Silicon Carbide Market - 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