Dublin, March 10, 2023 (GLOBE NEWSWIRE) -- The "Europe Silicon Carbide Semiconductor Devices Market Size, Share & Industry Trends Analysis Report By Product, By End Use, By Wafer Size, By Component, By Country and Growth Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The Europe Silicon Carbide Semiconductor Devices Market would witness market growth of 20.0% CAGR during the forecast period (2022-2028).
Silicon is said to have reached its limits when it comes to functioning at greater temperatures, voltages, and frequencies. Devices made of silicon carbide offer higher frequency, voltage, and temperature thresholds than silicon-based ones. The advancements in materials like gallium nitride (GaN) and silicon carbide (SiC) have drawn more attention.
Many types of converters, inverters, power supplies, battery chargers, and motor control systems use SiC semiconductor devices. Silicon carbide semiconductor devices are highly adapted to meet the rising need for electrification and sustainability because of their material characteristics.
Due to its material characteristics, SiC has been suggested as a silicon alternative, and these benefits promote its use in power electronics. Electric vehicles (EVs) battery chargers, DC-DC converters, on-board chargers, hybrid EV powertrains, wind turbines, photovoltaic inverters, MRI & X-ray power supplies, air conditioning, integrated vehicle systems, and auxiliary power suppliers are some significant applications of SiC semiconductors.
Europe, which includes numerous nations that excel in the automobile sector, is one of the world's top producers of automobiles. Moreover, the automobile industry is one of the region's most significant industries, particularly in Italy. According to the International Trade Government, Italy's industrial turnover in 2019 was $119 billion, or around €106 billion, or 6.2% of Italy's GDP.
However, the industry is changing due to the transition from thermal engines to electromobility (hybrid and electric), which may present opportunities for car parts manufacturers, charging infrastructure, and diagnostic tools. As a result of the region's robust automotive industry, there would be an increase in EV production, which would also drive the growth of silicon carbide semiconductor devices.
The Germany market dominated the Europe Silicon Carbide Semiconductor Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $330.2 Million by 2028.The UK market is anticipated to grow at a CAGR of 19.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 20.9% during (2022 - 2028).
Scope of the Study
Market Segments Covered in the Report:
By Product
- Power Semiconductors
- Optoelectronic Devices
- Frequency Devices
By End Use
- Automotive
- Energy & Power
- Aerospace & Defense
- Medical Devices
- Data & Communication Devices
- Consumer Electronics
- Others
By Wafer Size
- 1 inch to 4 inches
- 6 inches
- 8 inches
- 10 inches & above
By Component
- Power Modules
- FET/MOSFET Transistors
- Schottky Diodes
- Integrated Circuits
- Rectifiers/Diodes
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Allegro Microsystems, Inc. (Sanken Electric Co., Ltd.)
- Infineon Technologies AG
- ROHM Co., Ltd
- STMicroelectronics N.V
- ON Semiconductor Corporation
- FUJI ELECTRIC CO., LTD
- TT Electronics plc
- Mitsubishi Electric Corporation
- Toshiba Corporation
- Wolfspeed, Inc
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Europe Silicon Carbide Semiconductor Devices Market by Product
Chapter 5. Europe Silicon Carbide Semiconductor Devices Market by End-use
Chapter 6. Europe Silicon Carbide Semiconductor Devices Market by Wafer Size
Chapter 7. Europe Silicon Carbide Semiconductor Devices Market by Component
Chapter 8. Europe Silicon Carbide Semiconductor Devices Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Allegro Microsystems, Inc. (Sanken Electric Co., Ltd.)
- Infineon Technologies AG
- ROHM Co., Ltd.
- STMicroelectronics N.V.
- ON Semiconductor Corporation
- FUJI ELECTRIC CO., LTD.
- TT Electronics plc.
- Mitsubishi Electric Corporation
- Toshiba Corporation
- Wolfspeed, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/3btpl
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
