Silicon Carbide Power Semiconductors Market
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Silicon Carbide Power Semiconductors Market is forecast to reach $2.6 billion by 2026, growing at a CAGR 27.1% from 2021 to 2026. Silicon carbide is a semiconductor formed by a combination of silicon and carbon. It has a hardness level that is roughly equal to that of a diamond, which allows SiC semiconductors to work under intense conditions. SiC (silicon carbide) is used for high-powered applications due to the wide bandgap semiconductor provided. Semiconductors also use SiC for reduced energy losses and longer life solar and wind power converters. Photovoltaic energy mainly requires high power, low-loss, faster switching and reliable semiconductor devices to improve performance, power density and reliability. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • The growing adoption of the SiC power semiconductor in plug-in hybrid (PHEV) and all-electric vehicles (xEV) is one of the main factors driving the growth in the automotive industry. • Asia-Pacific is expected to dominate the global SiC semiconductor market primarily as the region dominates the global semiconductor market, further supported by government policies that favor semiconductor production. • The outbreak of COVID-19 impacted the overall semiconductor industry on the demand side and the supply side. The nationwide shutdowns and closure of semiconductor plants further fuelled the supply shortage trend, which mainly emerged in 2019. These effects were also reflected in the demand for SiC power semiconductors. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis The 4 inch segment is expected to grow at a higher CAGR 46.5% during the forecast period. 4-inch silicon wafers are commonly used in the research field due to their improved reactivity compared to standard nano/micron-sized particles. They are expected to grow with good rate during the forecast period. Growth is due to the growing use of 4-inch silicon carbide wafers in a range of products, such as optoelectronics, high-power devices, high-temperature devices and high-frequency power devices. IGBTs, MOSFETs and other semiconductor components utilize wide bandgap SiC material which is set to drive the market.
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Server Microprocessor Market Industry Outlook • • • • • • • • • •
Baikal Electronics OJSC Hisilicon Technologies Co., Ltd. IBM Corporation Intel Corporation Mediatek Inc. NVIDIA Corporation Qualcomm Technologies, Inc. Texas Instruments Incorporated Toshiba Corporation
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Silicon Carbide Power Semiconductors Market Learn More About the Report
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