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Mar 27, 2023 (The Expresswire) --The "Silicon Carbide (SiC) Power Devices Market" study describes how the technology industry is evolving and how major and emerging players in the industry are responding to long term opportunities and short-term challenges they face. One major attraction about Silicon Carbide (SiC) Power Devices Industry is its growth rate. Many major technology players are [Infineon Technologies, Cree, Mitsubishi Electric, ON Semiconductor, ROHM Semiconductor, STMicroelectronics, Toshiba] have been looking into Silicon Carbide (SiC) Power Devices as a way to increase their market share and reach towards consumers.
Number of Tables and Figures :128
What is the Silicon Carbide (SiC) Power Devices market growth?
Silicon Carbide (SiC) Power Devices Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR during the forecast Period 2023-2028.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 91 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
Client Focus 1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Silicon Carbide (SiC) Power Devices market?
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Silicon Carbide (SiC) Power Devices market?Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and in Chapters, we elaborate at full length on the impact of the pandemic and the war on the Silicon Carbide (SiC) Power Devices Industry
Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Silicon Carbide (SiC) Power Devices Industry.
This research report is the result of an extensive primary and secondary research effort into the Silicon Carbide (SiC) Power Devices market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Silicon Carbide (SiC) Power Devices Market.
Which are the driving factors of the Silicon Carbide (SiC) Power Devices market?
Growing demand for [EV/HEVs, PV Inverters, UPS and PS, Other] around the world has had a direct impact on the growth of the Silicon Carbide (SiC) Power Devices
The Silicon Carbide (SiC) Power Devices segments and sub-section of the market are illuminated below:
Based on Product Types the Market is categorized into [Diodes, Modules, Transistors, Other] that held the largest Silicon Carbide (SiC) Power Devices market share In 2022.
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Silicon Carbide (SiC) Power Devices Market - Competitive and Segmentation Analysis:
2.How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Short Description About Silicon Carbide (SiC) Power Devices Market:
The Global Silicon Carbide (SiC) Power Devices market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
A power device is a semiconductor, which is used as a switch or a rectifier in the power electronic system. SiC is a compound semiconductor comprised of silicon and carbon and has 10 times the dielectric breakdown field strength, bandgap, and thermal conductivity than silicon. The special characteristics of SiC power devices include high-temperature operation stability, high thermal conductivity, high-energy bandgap, and faster switching time. These characteristics of SiC power devices are encouraging original equipment manufacturers (OEMs) to adopt these devices over traditional Si power devices.
Market Analysis and Insights: Global Silicon Carbide (SiC) Power Devices Market
Due to the COVID-19 pandemic, the global Silicon Carbide (SiC) Power Devices market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of Percent during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Diodes accounting for Percent of the Silicon Carbide (SiC) Power Devices global market in 2021, is projected to value USD million by 2028, growing at a revised Percent CAGR from 2022 to 2028. While EV/HEVs segment is altered to an Percent CAGR throughout this forecast period.
The UPS and PS application segment accounted for the largest silicon carbide power devices market share during 2017. The utilization of SiC power devices in UPS and PS applications will increase in the coming years and the segment will account for the major share of this market till 2023.
Global Silicon Carbide (SiC) Power Devices Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the marketâs growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expertâs opinions have been taken to understand the market better.
3.What are your main data sources?Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2017-2027) of the following regions are covered in Chapters:
● North America (United States, Canada and Mexico)
● Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
● South America (Brazil, Argentina, Columbia etc.)
● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Silicon Carbide (SiC) Power Devices Market Research/Analysis Report Contains Answers to your following Questions
● What are the global trends in the Silicon Carbide (SiC) Power Devices market? Would the market witness an increase or decline in the demand in the coming years?
● What is the estimated demand for different types of products in Silicon Carbide (SiC) Power Devices? What are the upcoming industry applications and trends for Silicon Carbide (SiC) Power Devices market?
● What Are Projections of Global Silicon Carbide (SiC) Power Devices Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
● Where will the strategic developments take the industry in the mid to long-term?
● What are the factors contributing to the final price of Silicon Carbide (SiC) Power Devices? What are the raw materials used for Silicon Carbide (SiC) Power Devices manufacturing?
● How big is the opportunity for the Silicon Carbide (SiC) Power Devices market? How will the increasing adoption of Silicon Carbide (SiC) Power Devices for mining impact the growth rate of the overall market?
● How much is the global Silicon Carbide (SiC) Power Devices market worth? What was the value of the market In 2020?
● Who are the major players operating in the Silicon Carbide (SiC) Power Devices market? Which companies are the front runners?
● Which are the recent industry trends that can be implemented to generate additional revenue streams?
● What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Silicon Carbide (SiC) Power Devices Industry?
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Detailed TOC of Global Silicon Carbide (SiC) Power Devices Market Insights and Forecast to 2028
Major Points from Table of Contents
Global Silicon Carbide (SiC) Power Devices Market Research Report 2023-2028, by Manufacturers, Regions, Types and Applications
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2015-2028)
1.5 Currency Considered (U.S. Dollar)
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Silicon Carbide (SiC) Power Devices Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Silicon Carbide (SiC) Power Devices Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Silicon Carbide (SiC) Power Devices Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.5 Downstream Major Customer Analysis (by Region)
5 Global Silicon Carbide (SiC) Power Devices Market-Segmentation by Type
6 Global Silicon Carbide (SiC) Power Devices Market-Segmentation by Application
7 Global Silicon Carbide (SiC) Power Devices Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel
8 Competitive Intelligence Company Profiles
9 Global Silicon Carbide (SiC) Power Devices Market-Segmentation by Geography
9.1 North America
9.4 Latin America
9.5 Middle East and Africa
10 Future Forecast of the Global Silicon Carbide (SiC) Power Devices Market from 2023-2028
10.1 Future Forecast of the Global Silicon Carbide (SiC) Power Devices Market from 2023-2028 Segment by Region
10.2 Global Silicon Carbide (SiC) Power Devices Production and Growth Rate Forecast by Type (2023-2028)
10.3 Global Silicon Carbide (SiC) Power Devices Consumption and Growth Rate Forecast by Application (2023-2028)
12.2 Research Data Source
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The main challenge for the production of SiC involves the characteristics of the material. Due to its hardness (almost diamond-like), SiC requires higher temperatures, more energy, and more time for crystal growth and processing.What are SiC power devices? ›
Silicon Carbide (SiC) devices have emerged as the most viable candidate for next-generation, low-loss semiconductors due to its low ON resistance and superior high-temperature, high-frequency, and high-voltage performance when compared to silicon.What are the uses of silicon carbide? ›
Uses of Silicon Carbide – SiC
Used in the manufacture of fast, high temperature and high voltage devices. Used in lining work for its uniformity abrasion resistance and dimensional stability. Used in the manufacture of electronic appliances such as light emitting diodes (LEDs) and detectors.
Silicon carbide (SiC) is a non-oxide ceramic engineering material that has gathered a considerable amount of interest. The SiC particles pose a relatively low thermal expansion, high thermal conductivity, high hardness, and resistance to abrasion and corrosion.What are the disadvantages of SiC SiC composite? ›
The major disadvantage in performance of SiC as a monolithic ceramic material is its sensitivity to thermal and mechanical shock . For some applications (i.e., structural, nuclear, aerospace), the brittle nature of monolithic SiC can be the cause of unacceptable safety risks.What are the benefits and advantages of using SiC? ›
SiC will soon overtake Si as the dominant semiconductor material for power devices with voltage rating higher than 600V. Its key benefits include delivering higher voltage operation, wider temperature ranges and increased switching frequencies when compared to existing Si technology.What are the advantages of SiC in electric vehicles? ›
Power electronics based on SiC enable EVs to achieve longer driving ranges, faster charging, and lower total system-level cost of ownership. These benefits are achieved by leveraging the highly differentiated set of material properties of SiC to design powertrain systems that are more efficient, robust, and compact.Does Tesla use silicon carbide? ›
For the last five years, the growth of the silicon carbide (SiC) market has relied heavily on Tesla, the first OEM to implement the material in an electric vehicle and the largest purchaser today.Is SiC a good conductor of electricity? ›
In its pure form, silicon carbide behaves like an electrical insulator.What are the disadvantages of silicon carbide? ›
Drawbacks or disadvantages of Silicon Carbide (SiC)
➨There is difficulty in doping in SiC fabrication due to its chemical inertness, physical strength and low diffusion coefficient of other impurities. ➨Different types of material defects are produced in SiC substrates with the present manufacturing processes.
The main advantage of a SiC MOSFET is the low drain-to-source ON-resistance (RDS-ON) — about 300–400 times lower than that of silicon devices with a comparable breakdown voltage — presenting a key desirable feature for designing extraordinarily efficient power electronics equipment and related systems.Is silicon carbide good or bad? ›
* Silicon Carbide can irritate the eyes and nose on contact. * Repeated high exposure to Silicon Carbide may result in Pneumoconiosis (chronic disease of the lungs) with chest x-ray changes, and a decrease in lung function with shortness of breath, wheezing and cough.Why is silicon carbide so expensive? ›
The higher costs of silicon carbide devices is embedded from substrate because of those higher energy costs that are required to produce the substrates. You have got a great manual manufacturing process to deal with to pay for as Peter said. Also, silicon carbide's substrate today is not perfect.Is silicon carbide expensive? ›
Silicon carbide wafers are extremely expensive — anywhere from 20 to 50 times pricier than silicon.Is silicon carbide stronger than steel? ›
Extreme Hardness Surpassing that of Metals
The hardness of alumina ceramics is nearly three times that of stainless steel; silicon carbide is more than four times harder than stainless steel. This extreme hardness is one of many unique properties that makes Fine Ceramics "super materials" for modern technology.
- Expensive material.
- Specialised manufacturing process required.
- High-quality mould needed.
- CARBON FIBRE.
- Very expensive material.
- Only available in black.
- Highly specialised manufacturing processes required.
SiC fibres can be produced by pyrolysis of melt-spun polycarbosilane fibres. These fibres are used extensively to reinforce ceramics. The main disadvantage of this type of fibre is non-stoichiometry and presence of considerable amounts of free carbon and oxygen.What are the weaknesses of composite? ›
When compared to wrought materials, composites are more brittle and more easily damaged. There are some issues with their repair. For instance, materials need refrigerated transport and storage. Similarly, special equipment is required for hot curing in many cases.Why is SiC better than silicon? ›
A key differentiator of SiC over silicon is its higher system-level efficiency, owing to the greater power density, lower power loss, higher operating frequency, and increased temperature operation.What are the advantages of silicon? ›
Durable and reliable: Silicone is highly durable and retains its shape and flexibility in extreme conditions, making it a particularly reliable material for use in critical applications.
Advantages are low initial cost, high reliability, and ease of motor control. Varying the voltage regulates the motor's speed, while changing the current controls its torque. Disadvantages include a lower lifespan and the cost of maintaining the brushes and contacts.Why are SiC semiconductor devices preferred over traditional Si semiconductor devices? ›
SiC (silicon carbide) is a compound semiconductor composed of silicon and carbide. SiC provides a number of advantages over silicon, including 10x the breakdown electric field strength, 3x the band gap, and enabling a wider range of p- and n-type control required for device construction.What is the efficiency of a silicon carbide inverter? ›
State-of-the-art silicon inverters operate at 98% efficiency, whereas SiC inverters can operate at about 99% over wide-ranging power levels and can produce optimal quality frequency.Is Tesla moving away from silicon carbide? ›
Recently, Tesla announced that a new powertrain being developed for lower-end Electric Vehicles (EVs) will reduce the use of Silicon Carbide (SiC) by 75%, raising concerns surrounding the future of SiC in the EV market.How big is the silicon carbide semiconductor market? ›
The global silicon carbide semiconductor devices market size was estimated at USD 1.52 billion in 2021 and is expected to reach USD 1.89 billion in 2022.Who supplies Tesla with SiC? ›
US SiC processing equipment maker Aehr Tes Systems in California was particularly hard hit by the response to the Tesla announcement, while ST Microelectronics, the current SiC supplier to Tesla took less of a hit.What are the top 3 electric conductors? ›
- Silver. The best conductor of electricity is pure silver, but to no surprise, it is not one of the most commonly used metals to conduct electricity. ...
- Copper. One of the most commonly used metals to conduct electricity is copper. ...
Among the metals given above, Tungsten evidently has the highest resistance and therefore is the poorest conductor of electricity. It can be inferred from the fact that due to its high resistance it gets heated up and thus is used as filament in incandescent bulbs.What is the most excellent conductor of electricity? ›
Silver: The single most conductive metal, silver conducts heat and electricity efficiently thanks to its unique crystal structure and single valence electron.What is an alternative to silicon carbide? ›
A popular alternative to silicon carbide batts are extruded cordierite batts.
Its spall strength increases from 0.8 GPa at an impact stress of 1.6 GPa to 1.8 GPa at an impact stress of 11.7 GPa. In terms of spall strength, the French sintered and hot-pressed materials show the least scatter and largest increase with an increase in the impact stress.What is an interesting fact about silicon carbide? ›
Its high thermal conductivity, together with its high-temperature strength, low thermal expansion, and resistance to chemical reaction, makes silicon carbide valuable in the manufacture of high-temperature bricks and other refractories.What are three properties of silicon carbide? ›
- Low density.
- High strength.
- Good high temperature strength (reaction bonded)
- Oxidation resistance (reaction bonded)
- Excellent thermal shock resistance.
- High hardness and wear resistance.
- Excellent chemical resistance.
- Low thermal expansion and high thermal conductivity.
► Calcium Carbide can irritate the skin causing a rash, redness and burning feeling on contact. permanent damage (corneal opacities). exposures may cause a build-up of fluid in the lungs (pulmonary edema), a medical emergency.Is silicon carbide flammable? ›
SILICON CARBIDE is non-combustible. Generally unreactive. Soluble in molten alkalis (NaOH, KOH) and in molten iron.Why is carbide so expensive? ›
Compared with other metals, carbide is very expensive because it contains cobalt, which is severely short and has very high demand in various fields such as batteries for smartphones, or other electrical appliances. That is why the price of cobalt is increasing, which also makes carbide price increase.What is stronger than silicon carbide? ›
Graphene. At last: a hexagonal carbon lattice that's only a single atom thick.Is silicon carbide eco friendly? ›
In addition to its other uses, silicon carbide is used as fuel. It is used as a fuel in steel manufacture and produces purer steel than most other fuels. It is also a cheaper and more environmentally-friendly fuel.Is silicon carbide bulletproof? ›
Ceramic materials, such as silicon carbide (SiC), are considered to be ideal for stopping rifle bullets due to their impressive strength and hardiness.What is the demand for silicon carbide? ›
The Silicon Carbide Market to USD 2.1 billion by 2026 from USD 1.9 billion in 2022 at a CAGR of 22.8% during the forecast period. It was observed that the growth rate was 22.8% from 2021 to 2022. SiC bare die segment is expected to witness highest CAGR of 28.4%.
Boron nitride and Silicon carbide are the two other synthesized materials which are approx. 18% harder than the diamond but these are made up of different atoms.Is silicon carbide better than ceramic? ›
Silicon carbide ceramics stand out as the most superior option among other new types of ceramics due to their excellent properties.What is the weakest material on earth? ›
According to the Mohs scale, talc, also known as soapstone, is the softest mineral; it is composed of a stack of weakly connected sheets that tend to slip apart under pressure. When it comes to metals, scientists try to measure hardness in absolute terms.What is the toughest material known to man? ›
Diamond is the hardest known material to date, with a Vickers hardness in the range of 70–150 GPa. Diamond demonstrates both high thermal conductivity and electrically insulating properties, and much attention has been put into finding practical applications of this material.What's the strongest metal on earth? ›
Tungsten, which is Swedish for "heavy stone," is the strongest metal in the world. It was identified as a new element in 1781. It is commonly used to make bullets and missiles, metal evaporation work, manufacturing of paints, creating electron and Television tubes, and making glass to metal seals.Why is NAICS better than SiC? ›
What is the difference between a SIC and a NAICS code? NAICS codes provide a greater level of detail about a firm's activity than SIC codes. NAICS includes 1,170 industries and SIC includes 1,004 industries. There are 358 new industries recognized in NAICS, 250 of which are services producing industries.Are SIC codes no longer used in the US? ›
In the United States, the SIC system was last revised in 1987 and was last used by the Census Bureau for the 1992 Economic Census, and has been replaced by the North American Industry Classification System (NAICS code), which was released in 1997.Are SIC codes outdated? ›
SIC Codes have changed many time since their initial creation in 1937, however, the US Government discontinued use of the Standard Industrial Classification System in 1997 and replaced it with the North American Industrial Classification System (NAICS). As such, the codes have not been updated in that time.What is better than SIC? ›
While SiC has higher electron mobility than Si, GaN's electron mobility is higher than SiC meaning that GaN should ultimately be the best device for very high frequencies. Higher thermal conductivity means that the material is superior in conducting heat more efficiently.What are the advantages of NAICS? ›
Other advantages of NAICS are its international comparability, consistency, and adaptability. NAICS was developed in cooperation with Canada and Mexico. NAICS provides for comparable statistics among the three North American Free Trade Agreement (NAFTA) trading partners.
NAICS: The North American Industry Classification System (NAICS) was established in 1997 to replace the no longer sufficient SIC system.Which SIC codes are high risk? ›
- Agriculture or forest products.
- Auto, recreational vehicle or boat sales.
- Courier services.
- Computer and software related services.
- Dry cleaners.
- Entertainment (adult entertainment is to be considered restricted).
- General contractors.
|Data base developers||7379|
|Data processing consultants||7379|
Refer to the Occupational Safety & Health Administration (OSHA) website for full descriptions of each SIC code.What is SIC code 2050? ›
SIC Code 2050 - BAKERY PRODUCTS.When was SIC last updated? ›
The SIC system was last revised in 1987 and while it was last used by the Census Bureau for the 1992 Economic Census, many databases still include it as part of their indexing. In some cases, particularly when it comes to retail, using SIC codes is better or more efficient than using NAICS codes.Does OSHA use SIC codes? ›
The Standard Industrial Classification has been replaced by the North American Industry Classification System (NAICS), but several OSHA data sets are still available with SIC-based data.