The Silicon Carbide (SiC) market size is expected to reach USD 7.79 Billion in 2030 and register revenue CAGR of 11.4% over the forecast period, according to the latest report by Reports and Data. Increasing demand for Silicon Carbide Power Semiconductor devices in power electronics and reduction in the size of Silicon Carbide Power Semiconductor-enabled devices are the key factors driving market revenue growth over the forecast period.

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