"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Silicon carbide also called as carborundum, is a semiconductor that consists of silicon and carbon. Naturally, it occurs as a very rare mineral moissanite and synthetically it is produced as SiC powder. Grains of silicon carbide can be bonded together by sintering process to form hard ceramics. Silicon carbide has wide range of applications that include car brakes, car clutches, LEDs, detectors, and ceramic plates in bulletproof jackets and vests.
Increasing demand for SiC semiconductors in electronic devices like LEDs, detectors and sensors shall drive the market. the growing adoption of renewable energy sources for power generation is expected to positively impact the market. Additionally, the increasing steel production is one of the major factor boosting the market.
However, there are cost-effective alternatives in market for silicon carbide. Gallium nitride is one of the substitute which is used in power modules as transistors. This is expected to hinder the market growth.
Key Market Driver -
Growing demand for SiC devices in electronics.
Key Market Restraint -
Availability of cost-effective alternatives.
Based on device, the global silicon carbide market is segmented into SiC discrete device and SiC bare die. Based on application, market is segmented into power grid devices, flexible ac transmission system, high-voltage, direct current system, power supplies and inverter, rf devices & cellular base station, lighting control system, ev charging station, and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global Silicon Carbide market consists of global & regional players operating. Some of the key players in the market include
Infineon Technologies AG, CREE, INC, ST Microelectronics N.V, Fuji Electric Co., Ltd, General Electric, GeneSiC Semiconductor Inc., Toshiba Corporation, Powerex Inc., and others. .
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia pacific is accounted for the largest market in 2018 attributed to the high consumption of silicon carbide for electric components. Additionally, government initiatives to support use of clean energy for vehicles shall support regional growth. North America and Europe is expected to show substantial growth attributed to large manufacturing base of semiconductor devices and substantial demand for EV hybrids. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
To gain extensive insights into the market, Request for Customization
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry