Data Bridge Market Research offers comprehensive insights and detailed research on the Silicon Carbide Wafers Market – Industry Trends and Forecast to 2029
PUNE, MAHARASHTRA, INDIA, June 16, 2022 /EINPresswire.com/ — According to Data Bridge Market Research analyses the Global Silicon Carbide Wafers Market is growing with a CAGR of 22.3% in the forecast period of 2022 to 2029 and is expected to reach USD 4,385,550.41 Thousand by 2029.
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Market Scenario of Silicon Carbide Wafers Market:
The major factors that are expected to drive the growth of the silicon carbide wafers market are increasing usage of power electronics and shifting towards renewable energy generation, fuelling demand for silicon carbide wafers products. On the other hand, the release of poisonous gases during production may act as a major restraint for the silicon carbide wafers market. Increasing demand for silicon carbide for EV power electronics is expected to create opportunities for the growth of the market. However, a shift towards gallium nitride wafers in semiconductor applications may act as a major challenge for the growth of the market.
This silicon carbide wafers market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
Top Leading Key Players of Silicon Carbide Wafers Market:
Some of the major players operating in the silicon carbide wafers market are WOLFSPEED, INC., II-VI Incorporated, MTI Corporation, CETC Solar Energy Holdings Co., Ltd., American Elements, STMicroelectronics, TankeBlue CO., LTD., Synlight, SICC, PI-KEM Limited, Entegris, SHOWA DENKO K.K., Atecom Technology Co., Ltd, Latent Technologies, ROHM CO., LTD., Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Texas Instruments Incorporated, Infineon Technologies AG, SEMIKRON, SK siltron Co., Ltd. (A Subsidiary of SK HOLDINGS CO., LTD.), Xiamen Powerway Advanced Material Co., Ltd., Homeray Material Technology, Renesas Electronics Corporation, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, WeEn Semiconductors, Microchip Technology Inc., Robert Bosch GmbH, Semiconductor Components Industries, LLC, Ferrotec Holdings Corporation, Alpha Power Solutions Ltd, SiCrystal GmbH, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
In January 2021, WOLFSPEED, INC. announced the launch of Wolfspeed WolfPACK power modules. With this new product, the company provided increased efficiency to electric vehicle fast charging and solar markets. The new modules delivered maximum efficiency in easy-to-use packages that allowed designers to significantly increase efficiency and performance with smaller, more scalable power systems
In July 2021, American Elements sponsored an event, “An Advanced Material Show,” in the U.K, in which all the industry leaders of battery cells, vehicle electrification, and systems expo participated to generate leads and build new business relationships. This event by the company helped them to create brand awareness and increase business by generating new leads and business relationships
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Global Silicon Carbide Wafers Market Scope and Market Size
On the basis of wafer size, the silicon carbide wafers market is segmented into 2 inch, 4 inch, and 6-inch and above. In 2022, 4 inch segment is expected to dominate the market as it is highly used for the fabrication of very high-voltage and high-power devices such as diodes, power transistors, and high power microwave devices. Moreover, silicon carbide is being widely used for high-power MMIC applications.
On the basis of device, the silicon carbide wafers market is segmented into SiC discrete devices and SiC bare die. In 2022, SiC discrete devices segment is expected to dominate the market as SiC-based power devices have faster-switching speed, higher voltages, lower parasitic resistances, smaller size, and less cooling is required due to high-temperature capability. Moreover, silicon carbide-based devices have been used for short-wavelength optoelectronic, high temperature, radiation resistant applications.
On the basis of application, the silicon carbide wafers market is segmented into power grid device, industrial motor drive, EV motor drive, RF device & cellular base station, solar energy, wind energy, flexible AC transmission systems, high-voltage, direct current, electronic combat system, lighting control, EV charging, power supply and inverter, flame detector, and others. In 2022, the power grid device segment is expected to dominate the market as power grids use smart grid technology, including control systems and automation that help new technologies work together, supporting a power grid that can respond digitally to quickly changing electricity demand.
On the basis of industry, the silicon carbide wafers market is segmented into telecommunication, energy & power, renewable power generation, automotive, power electronics, defense, and others. In 2022, the telecommunication segment is expected to dominate the market as the industry has become an indispensable infrastructure for entertainment, news, social connectivity, and e-commerce. Telecom networks have to be scalable enough to accommodate future growth. Growth implies more end devices running more applications that require greater bandwidth, predictable response times, and low latency which is being offered by SiC-based devices.
Silicon Carbide Wafers Market Country Level Analysis
The countries covered in the global silicon carbide wafers market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Turkey, Belgium, rest of Europe, China, Japan, South Korea, India, Taiwan, Australia and New Zealand, Indonesia, Malaysia, Singapore, Thailand, Philippines, Hong Kong, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, rest of the Middle East and Africa, Brazil, Argentina, rest of South America. In 2022, Asia-Pacific is expected to dominate the market as it is the biggest market for the semiconductor industry and holds the largest share. Countries such as China, Japan, and Taiwan dominate the semiconductor industry both in manufacturing and consumption of semiconductors leading to high adoption of SiC wafers in the region.
The country section of the global silicon carbide wafers market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Table of Content: Global Silicon Carbide Wafers Market
Part 01: Executive Summary
Part 02: Scope of the Silicon Carbide Wafers Market Report
Part 03: Global Silicon Carbide Wafers Market Landscape
Part 04: Global Silicon Carbide Wafers Market Sizing
Part 05: Global Silicon Carbide Wafers Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-silicon-carbide-wafers-market
Key Benefits of the report:
This study presents the analytical depiction of the Silicon Carbide Wafers industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Silicon Carbide Wafers market share.
The current market is quantitatively analyzed to highlight the Silicon Carbide Wafers market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed Silicon Carbide Wafers market analysis based on competitive intensity and how the competition will take shape in the coming years.
The report answers questions such as:
How much revenue will the Silicon Carbide Wafers market generate by the end of the forecast period?
Which market segment is expected to have the maximum market share?
What are the influencing factors and their impact on the Silicon Carbide Wafers market?
Which regions are currently contributing the maximum share of the overall Silicon Carbide Wafers market?
What indicators are likely to stimulate the Silicon Carbide Wafers market?
What are the main strategies of the major players in the Silicon Carbide Wafers market to expand their geographic presence?
What are the main advances in the Silicon Carbide Wafers market?
How do regulatory standards affect the Silicon Carbide Wafers market?
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Browse Related Reports:
Asia-Pacific Silicon Carbide Wafers Market – Industry Trends and Forecast to 2029: https://www.databridgemarketresearch.com/reports/asia-pacific-silicon-carbide-wafers-market
Middle East and Africa Silicon Carbide Wafers Market – Industry Trends and Forecast to 2029: https://www.databridgemarketresearch.com/reports/middle-east-and-africa-silicon-carbide-wafers-market
Europe Silicon Carbide Wafers Market – Industry Trends and Forecast to 2029: https://www.databridgemarketresearch.com/reports/europe-silicon-carbide-wafers-market
North America Silicon Carbide Wafers Market – Industry Trends and Forecast to 2029: https://www.databridgemarketresearch.com/reports/north-america-silicon-carbide-wafers-market
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