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.
The Global Silicon Carbide Market Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Silicon Carbide Market market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.
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Effect of COVID-19 on the global market for Silicon Carbide Market
The COVID-19 pandemic had a significant negative influence on the market for Silicon Carbide Market in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Silicon Carbide Market 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 Market in 2020. Additionally, demand for Silicon Carbide Market 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 market : Competitive Landscape
The prominent players operating in the Silicon Carbide Market 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 market .
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 Global Silicon Carbide Market Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.
Based on types, the market is segmented into
-
Type Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
- Black Silicon Carbide
- Green Silicon Carbide
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Wafer Size Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
- Up to 150 MM
- > 150 MM
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Application Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
- Energy and vehicles
- Transportation
- Consumer Appliances
- Medicines
- Led Lights and Transistors
- Others
Regional Outlook :
The growth of the Silicon Carbide Market Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.
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