Silicon Carbide Market Size:
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The Silicon Carbide Market Size was valued at USD 3.34 Billion in 2023 and is expected to reach USD 7.64 Billion by 2032 and grow at a CAGR of 9.68% over the forecast period 2024-2032.
The Silicon Carbides (SiC) market demand is increasing at a rapid rate due to its diversified applications in multiple industries. This property along with its natural properties like high thermal conductivity earned SiC its place in power electronics, automotive parts, and industrial machinery due to the hardness and electrical conduction characteristics of SiC. The automotive market is the biggest immediate driver of SiC demand as they are already being deployed to enhance EV powertrain efficiency offering a boost to transient charging while also enhancing battery life and energy density for an overall system-level improvement. SiC technology, used by major EV manufacturers like Tesla in its Model 3, improves drivetrain efficiency, boosting driving range by 10%. SiC MOSFETs and diodes cut energy losses by up to 50% compared to silicon devices, significantly benefiting high-power applications like industrial drives and renewable energy. In EVs, SiC-based inverters and chargers reduce charging times by about 50% compared to traditional silicon systems. With the race for electric mobility reaching new levels, there have been increasing demands on power devices, such as inverters and chargers for SiC components.
SiC is mainly used in industrial applications that require high temperature, high voltage, and high power such as energy components and manufacturing equipment. Moreover, as it improves the performance of semiconductor devices, higher usage in consumer electronics, communications, and renewable energy systems is boosting its demand. Moreover, the widespread adoption of SiC is facilitated by continuous developments in manufacturing technologies that permit the production of cost-competitive SiC-based components. Consequently, different industries are gradually adopting this material to address the growing need for efficiency, sustainability, and performance in contemporary technology. SiC-based power electronics in industrial motors achieve up to 98% efficiency, outperforming traditional silicon devices (95%). In renewable energy, SiC inverters boost efficiency by up to 30%, with solar inverters benefiting from higher power density, resulting in smaller, lighter systems. In manufacturing, SiC-based grinding wheels increase tool lifespan by 40%, reducing operational costs and downtime in industries like automotive and aerospace
MARKET DYNAMICS
KEY DRIVERS:
Rising Demand for Energy Efficient Solutions Drives Growth of Silicon Carbide in Renewable Energy Systems
The rising demand for clean and energy-efficient solutions across various sectors plays an important role in driving the growth of the silicon carbide (SiC) market. A semiconductor can play an important role by enabling devices with high efficiency due to the various advantages it has over conventional silicon as industries are working towards decreasing their carbon footprint and improving operational efficiency. SiC, in contrast to standard silicon-based semiconductors, can survive elevated temperatures and voltages along with lower energy losses making it a perfect choice for renewable energy systems like wind and solar. The need for energy-efficient technologies will continue to increase due to government and organizational sustainability goals, which will accelerate SiC adoption in applications that reduce energy consumption and greenhouse gas emissions. The U.S. Department of Energy’s "Better Buildings Challenge" aims to improve energy efficiency in commercial buildings by 20% over 10 years, driving demand for energy-efficient technologies like SiC-based solutions. SiC adoption in power grids can reduce energy losses by up to 10%, contributing to lower carbon emissions in energy generation and distribution. Backed by regulatory frameworks and incentives promoting green technologies, the trend will further create a bigger demand for SiC-based solutions in power electronics and energy systems.
Growing Demand for Silicon Carbide in Advanced Manufacturing Boosts Efficiency and Durability in Industries
The major factor fueling this growth is the growing demand for advanced manufacturing processes established on SiC. Silicon carbide being one of the hardest materials, withstands extreme wear and is extensively used in abrasive applications in manufacturing and machining sectors. Diamond is primarily used in cutting tools, grinding wheels, and wear-resistant coatings to enhance the equipment's durability and economic efficiency. Moreover, the continual developments of SiC growing processes allow mass production of bigger size and better-quality wafers for reducing cost and extending its applications on the progress. With industries investing more in automation and precision manufacturing technologies, SiC is going to play a pivotal role in optimization. This modular structure, combined with the alloy's resistance to high-stress environments and greater mechanical properties, makes steel a material that we can count on for industrial manufacturing long into the future. SiC coatings on industrial components like pumps and valves can extend lifespan by up to 50%, reducing replacements and downtime. In high-precision machining, SiC-based components lower maintenance costs by up to 20%. In the automotive sector, SiC devices in robotics and automation reduce energy consumption by up to 15%, boosting efficiency and cost-effectiveness.
RESTRAIN:
Challenges in Silicon Carbide Processing and Integration Slow Market Growth and Adoption in Industries
The processing of silicon carbide (SiC) represents a significant barrier to its continued development, which is one of the main restraints for the SiC market. Silicon carbide (SiC) has many advantages but is significantly harder to fabricate than common semiconductors like silicon. SiC is a particularly hard and brittle material which makes it very difficult to cut and shape, demanding special equipment as well as technical procedures. In SiC wafer production, for instance, the level of precision needed to avoid defects and maintain a high-quality end product translates into a lot of complexities in manufacturing, which drives down production rate and yield. A further issue is the embedding of SiC elements into traditional systems. Silicon carbide is being deployed more and more in power electronics but there are numerous companies still using legacy silicon systems that may not be easy to upgrade. This means for example, in the automotive sector moving from silicon to SiC in EV powertrains would necessitate a change of all system-wide design processes, a time-consuming and expensive undertaking for OEMs.
KEY MARKET SEGMENTS
BY PRODUCT
In 2023, the black Silicon Carbide (SiC) product segment accounted for over 61.8% of the total revenue share, due to its high demand in industrial applications such as abrasive materials and steel production. A good balance in quality and price is known as Black SiC which is obtained by applying a high-temperature reaction process using silica sand and carbon. Silicon carbide is widely used for grinding wheels, cutting tools, and other abrasive products as well as refractory materials and ceramics. Black SiC is sufficiently hard and heat resistant, making its application market reach wider, such as automotive, construction, and electronics.
The green SiC product segment is expected to achieve the fastest CAGR from 2024 to 2032 because of its excellent purity and performance in high-end applications. Green SiC has similar properties to black SiC but is manufactured using a more refined process, results in higher purity SiC crystals, and is well-suited for application into advanced power electronics including high-efficiency semiconductor devices and high-performance power device applications. Therefore, due to this property, green SiC is an ideal material for next-generation technologies like e.g., electric vehicles (EVs) and renewable energy systems. Green SiC applications are proliferating, especially in power systems and electric mobility due to global energy-personnel device demand migration from conventional to more dynamic energy-efficient and high-performance electronic devices.
BY APPLICATION
In 2023, the SiC market was dominated by the electrical and electronics segment, which accounted for more than 27.5% of total revenue due to the high adoption of the material in power electronic systems resulting from its excellent electrical conductivity associated with low on-state resistance as well as high thermal stability and performance capability when compared to other silicon-based devices. Silicon carbide (SiC) is projected to be the next-generation semiconductor widely employed for high-power applications, especially in power devices, inverters, and converters. A heat-resistant and high-voltage-tolerant portion of this characteristic makes it perfect for electric grids, renewable energy, and consumer electronics
The automotive sector is poised to experience an impressive CAGR across the 2024-2032 timeframe, attributed to a growing transition toward electric vehicles (EVs) and an increasing need for energy-efficient parts in automobiles. SiC also plays a vital role in the efficiency of powertrains such as inverters, battery management systems, and electric motor drives when used in EVs. Highly scalable allows the use of higher voltages and at higher temperatures for EVs, therefore e.g. this is critical for next-gen EVs which target a longer driving range, faster charging time, and better cycle life This segment is likely to grow rapidly due to the reduction of energy losses and the improvement of overall efficiency that SiC devices bring to EV systems as the global automotive industry undergoes electrification.
REGIONAL ANALYSIS
In 2023, Asia Pacific dominated the silicon carbide (SiC) market with a share of 56% and also projected to register the highest growth rate during 2024-2032. The region accounts for a large share of revenue primarily due to strong manufacturing and industry in China, Japan, South Korea, and India. Such nations are the world's largest producers of electronics, cars, and energy systems that require SiC-based components. One such development has been the growth in demand for SiC from automotive applications, as China has embraced electric vehicles (EVs). Similarly, Japan's automotive titans such as Toyota and Nissan have been looking to incorporate SiC into their EV powertrains to enhance performance and add efficiency to it. Moreover, the readiness for huge manufacturing of SiC wafers as well as devices in advanced semiconductor fabrication nations, such as South Korea, makes the Asia Pacific a center for such items. The drive toward renewable energy and the subsequent electrification of transportation and industrial systems are boosting SiC adoption in solar inverters, EV charging infrastructure, and energy storage systems. Example: India has aggressive plans to expand the amount of solar power generation it has in place, and also gain traction with electric mobility initiatives driven by the Indian government which should grow SiC demand significantly.
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Key players
Some of the major players in the Silicon Carbide Market are:
Cree, Inc. (SiC Power Devices, SiC Wafer Substrates)
Infineon Technologies AG (SiC Power MOSFETs, SiC Diodes)
STMicroelectronics (SiC MOSFETs, SiC Schottky Diodes)
ROHM Co., Ltd. (SiC Discrete Devices, SiC Modules)
Wolfspeed (formerly Cree) (SiC Power Devices, SiC Wafer Materials)
Onsemi (SiC Diodes, SiC MOSFETs)
Microsemi (A subsidiary of Microchip Technology) (SiC Power Devices, SiC Modules)
Siccast GmbH (SIC Castings, High-Performance Silicon Carbide)
Carborundum Universal Limited (CUMI) (SiC Abrasives, SiC Refractories)
Washington Mills (SiC Abrasives, SiC Powder)
Grindwell Norton Ltd. (SiC Abrasives, Industrial Products)
Entegris, Inc. (SiC Wafer Handling, SiC Material Supply)
Coorstek (SiC Ceramics, SiC Components)
SK Siltron Co., Ltd. (SiC Wafers, SiC Substrates)
TankeBlue (Shenzhen TankeBlue) (SiC Power Devices, SiC Wafers)
Norstel AB (SiC Substrates, SiC Epitaxial Wafers)
Rohm Semiconductor (SiC Power Modules, SiC MOSFETs)
Tungsten Heavy Powder & Parts (SiC Components, Advanced Ceramics)
Saint-Gobain (SiC Grinding Wheels, SiC Refractories)
ESD-SIC B.V. (SiC Substrates, SiC Powder)
Some of the Raw Material Suppliers for Silicon Carbide Companies:
Advanced Abrasives Corporation
Entegris Inc.
Washington Mills
CoorsTek
Saint-Gobain
CUMI (Carborundum Universal Ltd.)
Snam Abrasives Pvt. Ltd.
Gaddis Engineered Materials
Grindwell Norton
ESD-SIC B.V.
RECENT TRENDS
In September 2024, RIR Power Electronics Limited commenced construction of India's first Silicon Carbide (SiC) manufacturing facility in Bhubaneswar, Odisha, with an investment of Rs 620 crore.
In September 2024, STMicroelectronics launched the fourth generation of its STPower Silicon Carbide (SiC) MOSFET technology. The company claims that the new MOSFETs deliver enhanced performance, offering improved efficiency, greater power density, and increased robustness, setting a new standard for advanced power applications.
In September 2024, Wolfspeed, Inc. introduced a 2300V baseplate-less silicon carbide power module designed for 1500V DC Bus applications. Developed using Wolfspeed’s 200mm silicon carbide wafers, the module aims to enhance efficiency, durability, and scalability in renewable energy, energy storage, and high-capacity fast-charging sectors.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 3.34 Billion |
| Market Size by 2032 | USD 7.64 Billion |
| CAGR | CAGR of 9.68% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Black Silicon Carbide, Green Silicon Carbide) • By Application (Steel, Automotive, Aerospace, Military & Defense, Electrical & electronics, Healthcare, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Cree, Inc., Infineon Technologies AG, STMicroelectronics, ROHM Co., Ltd., Wolfspeed, Onsemi, Microsemi, Siccast GmbH, Carborundum Universal Limited (CUMI), Washington Mills, Grindwell Norton Ltd., Entegris, Inc., Coorstek, SK Siltron Co., Ltd., TankeBlue (Shenzhen TankeBlue), Norstel AB, Rohm Semiconductor, Tungsten Heavy Powder & Parts, Saint-Gobain, ESD-SIC B.V |
| Key Drivers | • Rising Demand for Energy Efficient Solutions Drives Growth of Silicon Carbide in Renewable Energy Systems • Growing Demand for Silicon Carbide in Advanced Manufacturing Boosts Efficiency and Durability in Industries |
| RESTRAINTS | • Challenges in Silicon Carbide Processing and Integration Slow Market Growth and Adoption in Industries |
Ans: The Silicon Carbide Market is expected to grow at a CAGR of 9.68% during 2024-2032.
Ans: Silicon Carbide Market size was USD 3.34 billion in 2023 and is expected to Reach USD 7.64 billion by 2032.
Ans: The major growth factor of the Silicon Carbide market is the increasing demand for energy-efficient power electronics in electric vehicles (EVs), renewable energy systems, and industrial applications.
Ans: The Black Silicon Carbide segment dominated the Silicon Carbide Market in 2023.
Ans: Asia Pacific dominated the Silicon Carbide Market in 2023.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Silicon Carbide Production Capacity and Utilization Rates, by Region, (2020-2023)
5.2 Silicon Carbide Technology Advancements, by Region, (2020- 2023)
5.3 Silicon Carbide Energy Efficiency Improvements, by Region
5.4 Silicon Carbide Supply Chain Metrics, by Region (2023)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Silicon Carbide Market Segmentation, By Product
7.1 Chapter Overview
7.2 Black Silicon Carbide
7.2.1 Black Silicon Carbide Market Trends Analysis (2020-2032)
7.2.2 Black Silicon Carbide Market Size Estimates and Forecasts to 2032 (USD Million)
7.3 Green Silicon Carbide
7.3.1 Green Silicon Carbide Market Trends Analysis (2020-2032)
7.3.2 Green Silicon Carbide Market Size Estimates and Forecasts to 2032 (USD Million)
8. Silicon Carbide Market Segmentation, by Application
8.1 Chapter Overview
8.2 Steel
8.2.1 Steel Market Trends Analysis (2020-2032)
8.2.2 Steel Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Automotive
8.3.1 Automotive Market Trends Analysis (2020-2032)
8.3.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Aerospace
8.4.1 Aerospace Market Trends Analysis (2020-2032)
8.4.2 Aerospace Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Military & defense
8.5.1 Military & defense Market Trends Analysis (2020-2032)
8.5.2 Military & defense Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Electrical & electronics
8.6.1 Electrical & electronics Market Trends Analysis (2020-2032)
8.6.2 Electrical & electronics Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 Healthcare
8.7.1 Healthcare Market Trends Analysis (2020-2032)
8.7.2 Healthcare Market Size Estimates and Forecasts to 2032 (USD Billion)
8.8 Others
8.8.1 Other Market Trends Analysis (2020-2032)
8.8.2 Other Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Silicon Carbide Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.4 North America Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.5.2 USA Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.6.2 Canada Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.7.2 Mexico Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Silicon Carbide Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.5.2 Poland Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.6.2 Romania Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Silicon Carbide Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.4 Western Europe Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.5.2 Germany Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.6.2 France Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.7.2 UK Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.8.2 Italy Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.9.2 Spain Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.12.2 Austria Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Silicon Carbide Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.4 Asia Pacific Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.5.2 China Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.5.2 India Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.5.2 Japan Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.6.2 South Korea Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.2.7.2 Vietnam Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.8.2 Singapore Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.9.2 Australia Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Silicon Carbide Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.4 Middle East Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.5.2 UAE Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Silicon Carbide Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.2.4 Africa Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.7 Rest of Africa
9.5.2.7.1 Rest of Africa Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.5.2.7.2 Rest of Africa Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Silicon Carbide Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.4 Latin America Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.5.2 Brazil Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.6.2 Argentina Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.7.2 Colombia Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Silicon Carbide Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Silicon Carbide Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10. Company Profiles
10.1 Cree, Inc.
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
110.1.4 SWOT Analysis
10.2 Infineon Technologies AG
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 STMicroelectronics
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 ROHM Co., Ltd.
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 Wolfspeed (formerly Cree)
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 Onsemi
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 Microsemi (A subsidiary of Microchip Technology)
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 Siccast GmbH
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 Carborundum Universal Limited (CUMI)
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 Washington Mills
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Product
Black Silicon Carbide
Green Silicon Carbide
By Application
Steel
Automotive
Aerospace
Military & Defense
Electrical & electronics
Healthcare
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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