Silicon Carbide Market is expected to reach US$ 3519.14 Mn. by 2029, at a CAGR of 18.60% during the forecast period.

Silicon Carbide Market Overview

The market overview of the Silicon Carbide industry focuses on the detailed dynamics of the market, including aspects such as industry rivalry. The report provides comprehensive market revenue forecasts at the global, regional, segment, and national levels.

Silicon Carbide Market Report Scope and Research Methodology

The research methodology employed in the report on the Silicon Carbide market incorporates both primary and secondary research methods. Primary research involves data collection directly from the market via surveys, interviews, and observations. In contrast, secondary research entails gathering data from published sources, such as industry reports, company websites, and news articles.

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The analysis provided in the report serves as a guide for stakeholders, investors, market players, and followers, as well as new entrants, by providing them with an overall view of the Silicon Carbide market for formulating investment approaches and marketing tactics. The report utilizes a bottom-up approach to estimate the size of the Silicon Carbide market, which involves aggregating data from individual segments to arrive at a total market size estimate.

Silicon Carbide Market Regional Insights

The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one.

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Silicon Carbide Market 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 sector is due to rising steel consumption and growth in the automotive and construction industries worldwide. Black Silicon Carbide is crystalline in nature and is produced from silica sand and coke in furnaces at temperatures above 2300°C. Also, black SiC is cheaper than green SiC. These factors are anticipated to drive 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/electronics, and military/defense. The electrical engineering and electronics sector held the largest market share at 29% in 2021. The growth of this segment is due to growing demand for power modules in semiconductors. SiC semiconductors exhibit high thermal conductivity, a larger critical electric field and a larger bandgap, which facilitate his use of SiC semiconductors in electrical and electronic applications. According to the Ministry of Electronics and Information Technology of India, over 2,000 semiconductors are manufactured each year and this number is expected to grow further during the forecast period. Increasing production of semiconductors is expected to drive the growth of the SiC market during the forecast period for this segment.

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.

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Key questions answered in the Silicon Carbide Market are:

• What is Silicon Carbide ?
• What are the factors driving the Silicon Carbide Market growth?
• What are the factors are limiting the Silicon Carbide Market growth?
• What was the Silicon Carbide market size in 2021?
• Which trends are expected to generate additional revenue for the Silicon Carbide market growth?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Silicon Carbide Market?
• What growth strategies are the players considering to increase their foothold in the Silicon Carbide Market?
• Who held the largest market share in the Silicon Carbide Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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