Market Overview
The Silicon Carbide market has been thoroughly examined by Maximize Market Research. This research has identified all of the leading companies and factors in the market based on several metrics such as volume, share, growth, strategies, and so on. The research goes on to look at the elements that influence market growth. The paper also identifies and states the trends affecting growth. Other considerations discussed in the research include risks and problems faced by numerous players.
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Report Scope
MMR's research is a thorough examination of the Silicon Carbide market; it also identifies all of the top companies in the global market based on variables such as volume, share, strategies, and growth. The research also includes tactics for both existing industry participants and those looking to enter the market. The summarization is predicted to aid and boost their market standing.
Segmentation:
Based on product, the silicon carbide market is segmented into black and green. The black segment will have the largest market share at 57% in 2021. Growth in this segment is due to increased steel consumption and growth in the automotive and construction industries worldwide. Black silicon carbide is crystalline in nature and is produced from quartz sand and coke in furnaces at temperatures above 2300°C. In addition, black SiC is cheaper than green SiC. These factors are anticipated to propel the growth of the SiC market during the forecast period for this segment.
Based on application, the silicon carbide market is segmented into steel, automotive, aerospace, electrical and electronic, military and defense. The electrical and electronics segment held the largest market share at 29% in 2021. The growth of this segment is due to increasing demand for semiconductor power modules. SiC semiconductors exhibit high thermal conductivity, larger critical electric field, and wider bandgap, facilitating the use of SiC semiconductors in electrical and electronic applications. According to India's Ministry of Electronics and Information Technology, it manufactures more than 2,000 semiconductors each year and is expected to increase during the forecast period. An increase in semiconductor production is expected to spur growth in the He SiC market during the forecast period for this segment
Asia-Pacific held the largest market share in 2021 with her 61%. The growth in this region is attributed to the increasing use of his SiC in manufacturing across the region. Increasing infrastructure investment in countries such as China, Japan and India is expected to drive demand for crude steel and boost the growth of the SiC market during the forecast period. For example, according to the Make in India initiative, India plans to invest her US$650,000 million in urban infrastructure over the next 20 years. North America region is expected to grow significantly at a CAGR of xx% during the forecast period. The growing demand for electric vehicles (EVs) in the United States should increase the need for his SiC for EV manufacturing.
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Questions Answered In The Report:
- What is the market size and forecast of the Global Silicon Carbide market?
- What are the factors affecting the market?
- Impact of COVID-19 on the global market?
- What are the market trends and strategies?
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Global Silicon Carbide Market Key Players
• Agsco Corporation
• Carborundum Universal Limited
• Cree, Inc.
• Entegris, Inc.
• Fuji Electric Co., Ltd.
• General Electric Company
• GeneSiC Semiconductor Inc.
• Grindwell Norton Ltd.
• II-VI Incorporated
• Infineon Technologies AG
• Microchip Technology Incorporated
• Powerex Inc.
• Renesas Electronics Corporation
• ROHM CO., LTD
• SEMIKRON International GmbH
• Snam Abrasives Pvt. Ltd.
• STMicroelectronics N.V.
• The Dow Chemical Company
• Toshiba Corporation
• United Silicon Carbide, Inc.
• Versum Materials, Inc.
Silicon Carbide Market Regional Analysis
The global level report for Silicon Carbide market provides the detailed region wise share distribution along with the demand growth factors in that particular region.
The following is the basic structure that how and what regions are explained in the report.
Based on the regions the market is studied across
- Europe(France, Italy, Russia, UK, Turkey and Germany etc.).
- Asia-Pacific (Vietnam, Malaysia, Korea, Philippines, Thailand, , China, Australia, Indonesia, and India, Japan).
- Africa and the Middle East (Egypt and GCC Countries.).
- North America(Canada, the United States, and Mexico.).
- South America(Brazil etc.).
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