Silicon Carbide Market: A Breakdown of the Industry by Technology, Application, and Geography

 The global silicon carbide market size was USD 3.10 Billion in 2022 and is expected to register a revenue CAGR of 11.6% during the forecast period. Rising demand for silicon carbide semiconductor components, growing adoption of energy-efficient solutions such as electric vehicles, increasing investments, and advancements in infrastructure processes are some of the major factors expected to drive the market revenue growth.

Some of the key factors driving the growth of the global Silicon Carbide market include expanding R&D efforts to develop novel Silicon Carbide products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.

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Effect of COVID-19 on the global market for Silicon Carbide

The COVID-19 pandemic had a significant negative influence on the market for Silicon Carbide in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Silicon Carbide were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Silicon Carbide in 2020. Additionally, demand for Silicon Carbide decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Silicon Carbide market : Competitive Landscape

The prominent players operating in the Silicon Carbide market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Silicon Carbide market .

Some of the prominent players operating in the market are:

ADSCO Corp., CUMI, IMERYS S.A., Coorstek Inc., Enterrgris Inc., ESD SIC b.v., Gaddis Enginnered Materials, Grindwell Norton Ltd., Norstel AB, Snam Abrasives Pvt. Ltd., Reneas Electronics Corporation, ROHM Co. Ltd, Microsemi, Toshiba Corporation, Infineon Technologies, Fuji Electric Co. Ltd., Solitron Devices Inc., Coherent Corp., Sk Siltron Co. Ltd and Tokai Carbon Co. Ltd

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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

Key questions answered in the report:

What will be the development pace of Silicon Carbide market ?

What are the key factors driving the Global Silicon Carbide market ?

Who are the key manufacturers in the market space?

What are the openings, hazards, and outline of the market?

What is sales, revenue, and price analysis of top manufacturers of Silicon Carbide market ?

Who are the distributors, traders, and dealers of Silicon Carbide market ?

What are the Silicon Carbide market opportunities and threats faced by the vendors in the Global Silicon Carbide industries?

What are deals, incomes, and value examinations by types and utilizations of the market?

What are deals, income, and value examinations by areas of enterprises?

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Segments Covered in this report are:

  • Type Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)

    • Black Silicon Carbide
    • Green Silicon Carbide

  • Wafer Size Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)

    • Up to 150 MM
    •  > 150 MM

  • Application Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)

    • Energy and vehicles
    • Transportation
    • Consumer Appliances
    • Medicines
    • Led Lights and Transistors
    • Others

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Regional Bifurcation of the Silicon Carbide market Includes:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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