Dublin, July 13, 2023 (GLOBE NEWSWIRE) -- The "Silicon Carbide: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Silicon Carbide estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$4.4 Billion by 2030, growing at a CAGR of 18.9% over the analysis period 2022-2030.
Black SiC, one of the segments analyzed in the report, is projected to record a 16.8% CAGR and reach US$2.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Green Sic segment is readjusted to a revised 22.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $167.3 Million, While China is Forecast to Grow at 21.9% CAGR
The Silicon Carbide market in the U.S. is estimated at US$167.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 21.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 15.5% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 15.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2030.
Select Competitors (Total 107 Featured) -
- AGSCO Corporation
- Carborundum Universal Limited
- Entegris, Inc.
- ESK-SIC GmbH
- Fuji Electric Co., Ltd.
- Grindwell Norton Limited
- Infineon Technologies AG
- Microchip Technology Inc.
- Renesas Electronics Corporation
- ROHM Co., Ltd.
- Saint Gobain Ceramic Materials GmbH
- Semiconductor Components Industries, LLC
- STMicroelectronics AG
- The General Electric Company
- Toshiba Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 482 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.1 Billion |
| Forecasted Market Value (USD) by 2030 | $4.4 Billion |
| Compound Annual Growth Rate | 18.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Silicon Carbide - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- 2020: A Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Impact on Silicon Carbide Market
- Impact of COVID-19 on the Semiconductor Industry Exposes the Risk of Value Chain Modularity
- Silicon Carbide: A Prelude
- Silicon Carbide Emerges as Go-To Solution for Demanding Industrial Applications
- Market Outlook
- Asia-Pacific Continues to Dominate Production and Consumption
- Recent Industry Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Focus on Power Electronics Drives Uptake of SiC
- Rising Demand for Wide-Bandgap Materials Bodes Well
- Automotive Industry: A Major Market for SiC
- Incessant Drift Towards E-Mobility Drives Uptake
- SiC MOSFETs Gaining Traction in Automotive Sector
- Select Automotive Models & Platforms with SiC MOSFET Inverter Technology
- EVs and Opportunities: Past, Present and Future
- Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018 and 2021
- Global Chip Shortage Mars the Expected Recovery of the Auto Industry in 2021 & 2022. EVs to Also Feel the Pain
- Rising Chip Lead Times Hurt Auto OEMs: Global Auto Chip Lead Times (In Weeks) for Years 2017 Through 2021
- Growth in 5G Adoption and Prospects Ahead
- Global 5G Subscriptions (In Million) for Years 2020, 2022, 2024 and 2026
- Percentage 5G Adoption by Region in 2025
- SiC Low Costs Drive Application as Abrasives
- Knoop Hardness of Tooling Materials such as Diamond, Cubic Boron Nitride, Vanadium Carbide, Silicon Carbide, Aluminum Oxide, Tungsten Carbide, Hard Steel HRC 65 and Soft Steel HRB 85 - (in x 103)
- SiC to Experience Improved Demand as Material Engineering Gains Traction in Aerospace
- Composites Make Up for About Half of Total Weight of Modern Aircraft: Percentage Breakdown of Structural Weight Composition by Material for Airbus 350XWB and Boeing 787
- Aerospace Industry Limps Back Onto a Long Road to Recovery, Brightening the Outlook for Aerospace Materials
- Aerospace Industry Recovery to Strengthen by 2022
- Global Air Traffic Passenger Traffic Estimates and Forecasts in Billion for the Period 2015-2025
- Global Aircraft Fleet by Aircraft Type for the Years 2018 and 2038
- Steel: An Important End-Use Market for SiC
- Recovery in Steel Demand Sends Good Vibes for Silicon Carbide Market
- Global Steel Demand (2021): Percentage Breakdown of Consumption by Product Shape
- Global Crude Steel Production in Million Tonnes: 2010-2020
- Global Steel Consumption in Million Tonnes: 2016, 2018, 2020, 2022, 2024 and 2026
- SiC as a Refractory Material
- Rising Interest in Graphene Drives Prospects
- SiC Gains as Solar Power Becomes Indispensable to Global Energy Mix
- Robust Demand for Solar Power Provides a Fertile Environment for the Growth of Solar Lighting Systems: Global Demand for Solar Photovoltaic Power (In Gigawatts) for Years 2020, 2022, 2024 & 2026
- Growing Investments in Microgrid Systems Drive SiC Components
- Global MicroGrids Market in US$ Billion for Years 2020, 2022, 2024, and 2026
- SiC Seeks Role in Military & Defense Applications
- R&D Developments to Widen Market Prospects
- Nanoscale SiC Powder in Demand
- Silicon Carbide Offers Promise to Avoid False Negatives in COVID-19 Tests
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/vd53tb
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