Dublin, Nov. 04, 2024 (GLOBE NEWSWIRE) -- The "SiC Ingots Market: Market Size, Trends, Opportunities and Forecast by Application, Wafer Size, Product Type, Region, By Country: 2020-2030" report has been added to ResearchAndMarkets.com's offering.
Global SiC Ingots Market is expected to grow at a CAGR of 19.3% during 2025-2030.
The SiC (Silicon Carbide) Ingots market is expanding rapidly due to the increasing demand for high-performance semiconductor materials in power electronics, automotive, and telecommunications industries. SiC ingots, used to produce SiC wafers, offer superior thermal conductivity, high voltage resistance, and energy efficiency compared to traditional silicon wafers, making them ideal for applications in electric vehicles (EVs), power supplies, and high-frequency devices. The growing adoption of SiC technology, advancements in semiconductor manufacturing, and the rising demand for energy-efficient solutions drive the market for SiC ingots.
Key drivers of the SiC Ingots market include the increasing demand for electric vehicles, which require efficient power electronics to enhance battery performance and reduce energy consumption. The expanding renewable energy sector, where SiC-based inverters and converters are used for efficient power conversion, also contributes to market growth.
Technological advancements, such as the development of larger diameter SiC ingots, improved crystal growth techniques, and higher wafer quality, have enhanced the performance and adoption of SiC-based devices. Manufacturers are focusing on expanding their production capacities to meet the growing demand for SiC wafers in various applications.
Segment Insights
By application, the electronics segment holds the largest market share, accounting for approximately 60% of the SiC Ingots market in 2023. The demand for SiC-based power devices in electric vehicles, renewable energy systems, and industrial power supplies drives this segment. The telecommunications segment is also significant, supported by the increasing use of SiC technology in high-frequency and RF devices.
Geographical Insights
Asia Pacific leads the SiC Ingots market, driven by a strong semiconductor industry, high demand for electric vehicles, and the presence of key market players. The Asia-Pacific region is expected to witness the highest growth rate due to rapid industrialization, increasing production of electric vehicles, and growing investments in semiconductor manufacturing. Countries like China, Japan, and South Korea are key markets, supported by their strong electronics industry and focus on energy-efficient solutions.
Reasons to buy this report:
- In-Depth Comparative Assessment of Top 20 Markets in the SiC Ingots Market Wafer Size: Comparative assessment of 20 leading countries highlighting the total addressable market, opportunities, lucrative segments and competitive positioning of leading companies.
- Comprehensive Historical, Present, and Future Analytics of the SiC Ingots Market: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) market analytics of SiC Ingots Market.
- Detailed Analysis of SiC Ingots Market By Application, Wafer Size, and Product Type Across 20 Countries
- Beyond the Purchase: 90 Days of Support
- Direct Access to Analysts: Have questions after reading the report? Our expert analysts are just a call or email away.
- Customized Assistance: Whether you're integrating insights into your strategy or have questions about market dynamics, our team provides tailored support to meet your specific business needs.
- Data Customization Requests: During the support period, you have the flexibility to request additional data cuts or deeper dives into specific areas of interest.
- Gain insights specific to new entrants or new market areas to tap: The study provides detailed market entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and product positioning using the Opportunity Portfolio Matrix (OPM)
- Strategic Wafer Size Movements: Tracking Competitive Developments and Key Players in the Market
Competitive Landscape
The report assesses the competitive developments, strategies, mergers and acquisitions and new product development and market share portfolio of top 15 companies.
Key companies in the Global SiC Ingots include:
- Fujimi Corporation
- Carborundum Universal Limited
- Norstel AB
- 3M Company
- Gaddis Engineered Materials
- Dow Chemical Company
- Grindwell Norton Limited
- AGSCO Corporation
- ESD-SIC b.v.
Key Topics Covered:
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Analyst Recommendations
3. Global SiC Ingots: Historic and Forecast
3.1 Impact Analysis of Macro Economic Factors on Global SiC Ingots Market
3.2 SiC Ingots Market Type Matrix
3.3 Global SiC Ingots Market: Dashboard
3.4 Global SiC Ingots Market: Market Size and CAGR, By Value, 2020-2030 (USD Million & CAGR)
3.5 Global SiC Ingots Market: Market Value Assessment
3.6 Assessment Degree of Impact of COVID-19 on Global SiC Ingots Market
3.7 Global SiC Ingots Market Segmentation: By Application
3.7.1 Global SiC Ingots Market, By Application Overview
3.7.2 Global SiC Ingots Market Attractiveness Index, By Application (2025-2030)
3.7.3 Electronics, By Value, 2020H-2030F (USD Million & CAGR)
3.7.4 Automotive , By Value, 2020H-2030F (USD Million & CAGR)
3.7.5 Renewable Energy, By Value, 2020H-2030F (USD Million & CAGR)
3.7.6 Aerospace & Defense , By Value, 2020H-2030F (USD Million & CAGR)
3.7.7 Other Applications, By Value, 2020H-2030F (USD Million & CAGR)
3.8 Global SiC Ingots Market Segmentation: By Wafer Size
3.8.1 Global SiC Ingots Market, By Wafer Size Overview
3.8.2 Global SiC Ingots Market Attractiveness Index, By Wafer Size (2025-2030)
3.8.3 2-inch , By Value, 2020H-2030F (USD Million & CAGR)
3.8.4 4-inch, By Value, 2020H-2030F (USD Million & CAGR)
3.8.5 6-inch, By Value, 2020H-2030F (USD Million & CAGR)
3.8.6 More than 6-inch, By Value, 2020H-2030F (USD Million & CAGR)
3.9 Global SiC Ingots Market Segmentation: By Product Type
3.9.1 Global SiC Ingots Market, By Product Type Overview
3.9.2 Global SiC Ingots Market Attractiveness Index, By Product Type (2025-2030)
3.9.3 N-type SiC Ingots , By Value, 2020H-2030F (USD Million & CAGR)
3.9.4 Semi Insulating SiC Ingots, By Value, 2020H-2030F (USD Million & CAGR)
4. SiC Ingots, Region Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
For more information about this report visit https://www.researchandmarkets.com/r/y24vxu
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