Silicon Carbide Market Overview:
The report provides an analysis of the market's present status and forecasts about its future performance. A thorough analysis of the Silicon Carbide market reveals the essential components to help you make better business decisions. The analysis provides a thorough overview of the Silicon Carbide market, highlighting prevalent trends. The main constraints, opportunities, and risks facing the market that is predicted to have an impact on its growth during the forecast period are being analyzed by MMR analysts (2022-2029).
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Scope of the Silicon Carbide Market:
The latest report by Maximize Market Research on the Global Silicon Carbide Market is conducted covering various organizations of the industry from different regions and countries to come up with a 200+ page report. The study is a perfect mixture of qualitative and quantitative information highlighting key Silicon Carbide market developments, challenges that industry and competition are facing along with gap analysis and new opportunities available and trends in the Global Silicon Carbide Market. The objective is to provide an analysis of significant market players and determine how they affect the broader Silicon Carbide market. The report aims to present the analysis of the Global Silicon Carbide Market by Segmentation, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. Besides, the Silicon Carbide market report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.
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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 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, more than 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.
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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.
Key Reasons to Purchase
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- Learn about the Silicon Carbide market strategies used by the most successful companies in their fields.
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