Global Silicon Carbide Power Semiconductor Market size, share, top key player 2021, business opportunities, industry demand, sales analysis, future development strategy, forecast 2024
Posted on May 17 2021 3:04 PM
"The Global Silicon Carbide Power Semiconductor Market is highly research-intensive, powered by high R&D investment, and it possesses a strong product pipeline to maintain growth and ensure long-term revenue generation. The perks of successful innovation are high, and without successful innovation companies would see a long decline in their growth. A particular focus of this report is placed on analysis of the development of innovative drugs, specifically first-in-class innovation."
"Final Report will add the analysis of the impact of COVID-19 on this industry."
Global ""Global Silicon Carbide Power Semiconductor Market"" (2021-2024) report identifies Sales of Market by regional analysis by product type and product applications from 2019. Global Silicon Carbide Power Semiconductor Market research report gives analysis on products sales, price, margin, growth (regionally volume). Market research report gives analysis on Historical and Current scenario on Global Silicon Carbide Power Semiconductor Market. Research provides potential market opportunities and strong industry focus on Global Silicon Carbide Power Semiconductor market forecast from 2019 till 2024. Research report provides CAGR value in percent during 2021 to 2024.
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List of TOP KEY PLAYERS in Global Silicon Carbide Power Semiconductor Market Report are -
● Infineon technologies AG, Texas instruments Inc., STMicroelectronics N.V., Hitachi Power Semiconductor Device Ltd., NXP Semiconductor, Fuji Electric Co. Ltd., Semikron International GmbH, Cree Inc., ON Semiconductor Corporation, Renesas Electronic Corporation, Broadcom Limited, Toshiba Corporation, Mitsubishi Electric Corporation
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub, with the presence of and the largest raw material suppliers. The overall market break down due to COVID-19 is also affecting the growth of the bacon market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
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About Global Silicon Carbide Power Semiconductor Market:
Global Global Silicon Carbide Power Semiconductor market is analyses and market size information is provided by regions (countries). Segment by Application, the Global Silicon Carbide Power Semiconductor market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report includes region-wise market size for the period 2019-2024. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2019-2024.
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Global Global Silicon Carbide Power Semiconductor Market Segmentation by Types, By Applications and by Region:
The Silicon Carbide (SiC) Power Semiconductor market is expected to register a CAGR of over 27.5% during the forecast period 2018 - 2023. The report profiles the application of Silicon Carbide Power Semiconductors for various industries.
The silicon carbide (SiC) power semiconductor market is growing significantly due to its characteristics like enhanced features of power efficiency, low input and switching loss and high speed, enhanced portability are the other drivers guiding the growth of the SiC power semiconductor market in the future. The increasing demand for SiC-based photovoltaic cells and rising government investments, especially in growing economies, and the expanding application of solar energy are expected to propel market growth further. Apart from technological advantages, Silicon carbide power semiconductors are trending these days, due to increasing consumer interest towards electric vehicles and growing advancement in next-generation transistors. The growing advancement in SiC MOSFETs are impacting the future growth of SiC power semiconductor market.
However, with growth of consumer demand exceeding the factory capacity and global shortage of Silicon Wafer due to limited number of vendors could be some of the factors hindering the growth of the Silicon Carbide (SiC) power semiconductors market over the forecast period.
Power Integrated Circuits is expected to grow at a Significant Rate
The key features of a Silicon Carbide power integrated circuits like handling high voltage, high current over conventional Silicon based semiconductor technologies is a significant factor driving the growth of silicon carbide power integrated circuits over the forecast period. Their benefits of working in harsh environments has also increased their application in oil & gas drilling, industrial motors drives, space exploration, aviation and nuclear energy. Their rising adoption in the automotive industry, for an electric vehicle or multiplexed bus system with distributed power integrated circuits for control of lights, motors and air conditioning are also transforming the automotive sector. Due to their power efficiency characteristics, their applications are also growing in the power industry. The global power management integrated circuits market is expected to register a CAGR of 8.94% over the forecast period. Therefore, with so much of scope, Silicon carbide power integrated circuit market will grow significantly over the forecast period.
Asia Pacific Will Grow Significantly Over the Forecast Period in Silicon Carbide Power Semiconductor Market
Asia Pacific is estimated to dominate the market for SiC power semiconductor over the forecast period owing to increasing adoption of energy efficient projects and growing advancement in energy distribution system & Electric Vehicle (EV) infrastructure. The region is also dominating the global semiconductor market. The growing number of power projects coupled with the implementation of solar projects in the region is creating enormous demands for SiC power semiconductors. Feed-in tariff (FiT) schemes have been instrumental to solar PV growth, hence for SiC power semiconductor too, in Southeast Asia. In Thailand, which is by far the largest producer of solar energy in Southeast Asia due to strong government support, solar capacity has jumped in the past three years. Also, the growing governmentâs solar energy initiative in Japan, India and China has led to an increasing need for solar power panels in the region. The region is also having the highest adoption EV models, as China is also the largest maker of electric vehicles. In 2016, it sold 507,000, including buses and commercial vehicles, according to the China Association of Automobile Manufacturers. Hence, the region will grow significantly over the forecast period.
Key Developments in The Market
â¢Mar 2018: Cree, Inc. has acquired assets of Infineon Technologies AG Radio Frequency (RF) Power Business for approximately EUR 345 million. The transaction expands the Cree Wolfspeed business unitâs wireless market opportunity. This business holds a leading market position offering transistors and MMICs (Monolithic Microwave Integrated Circuits) for wireless infrastructure radio frequency power amplifiers based on both LDMOS and Gallium Nitride on Silicon Carbide (GaN-on-SiC) technologies.
â¢Jan 2018: Mitsubishi Electric Corporation announced that it has developed a 6.5 kV full silicon carbide (SiC) power semiconductor module that is believed to offer the world's highest power density (calculated from rated voltage and current) among power semiconductor modules rated from 1.7 kV to 6.5 kV.
Major Players: INFINEON TECHNOLOGIES AG, TEXAS INSTRUMENTS INC., STMICROELECTRONICS N.V., HITACHI POWER SEMICONDUCTOR DEVICE LTD., NXP SEMICONDUCTOR, FUJI ELECTRIC CO. LTD., SEMIKRON INTERNATIONAL GMBH, CREE INC., ON SEMICONDUCTOR CORPORATION, RENESAS ELECTRONIC CORPORATION, BROADCOM LIMITED, TOSHIBA CORPORATION, and MITSUBISHI ELECTRIC CORPORATION, among others.
Reasons to Purchase The Report
â¢Impact of growth of silicon carbide power semiconductor on the market
â¢Analysis of various perspectives of the market with the help of Porterâs five forces analysis
â¢The segments that are expected to dominate the market
â¢Regional analysis of the market during the forecast period
â¢Latest developments, market shares and strategies employed by the major market players and key innovators
â¢3 months analyst support along with the Market Estimate sheet (in Excel)
Customization of the Report
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Global Silicon Carbide Power Semiconductor Market Segment by Region:● United States
● Southeast Asia
● Rest of World
Reasons to Purchase this Report:● To know how the need for rapid data processing is expected to affect the growth of the global Global Silicon Carbide Power Semiconductor
● To analyze various perspectives of the market with the help of Porters five forces analysis
● To know how SME’s are dominating the market.
● To know about the regions that are expected to witness the fastest growth during the forecast period.
● To identify the latest developments, market shares, and strategies employed by major market players.
● Three months analyst support, along with the Market Estimate Sheet (in excel).
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Major Points from Table of Contents:
1 Industry Overview
1.1 Keyword Industry
1.2 Products & Services Overview Scope
1.3 Keyword in the Industry Chain
1.4 Industry Dynamics & Regulations
1.5 Global Market Overview
2 Upstream & Manufacturing
2.1 Procurement Methods & Channels
2.2 Cost Structure & Manufacturing
2.3 Industry Capacity Overview
2.4 Production Distribution by Geography
3 Product Segment
3.1 Product Segmentation Market (2017 to 2021E)
3.2 Market Status
4 Application / End-Use Segment
4.1 Application Segmentation Market (2016 to 2021E)
4.2 Market Status
5 Keyword Market Segmentation (Countries)
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, U.K., France, Italy, Russia, Spain etc.
5.3 Asia-Pacific (China, India, Japan, Southeast Asia etc.)
5.4 South America, Middle East & Africa.
6 Market Forecast
6.1 Global Market Forecast Overview
6.2 Global Market Forecast by Type
6.3 Global Market Forecast by Application / End-Use
6.4 Global Market Forecast by Region
7 Competition of Major Players
7.1 Company Profile, Products Overview, Sales Data, Latest Developments.
8 Company Competition
8.1 Global Sales by Company
8.2 Price & Gross Margin
8.3 Landscape of Major Companies in the Market
8.4 Competitive Environment for New Entrants
9 Environment Overview
9.1 Impact of COVID-19
9.2 Geopolitics Overview
9.3 Economic Overview of Major Countries
10 Research Conclusion
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