Global Silicon Carbide (SiC) Power Devices Market Growth 2023-2029

Global Silicon Carbide (SiC) Power Devices Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Silicon Carbide (SiC) Power Devices Industry Forecast” looks at past sales and reviews total world Silicon Carbide (SiC) Power Devices sales in 2022, providing a comprehensive analysis by region and market sector of projected Silicon Carbide (SiC) Power Devices sales for 2023 through 2029. With Silicon Carbide (SiC) Power Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Silicon Carbide (SiC) Power Devices industry.

This Insight Report provides a comprehensive analysis of the global Silicon Carbide (SiC) Power Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Silicon Carbide (SiC) Power Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Silicon Carbide (SiC) Power Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Silicon Carbide (SiC) Power Devices and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Silicon Carbide (SiC) Power Devices.

The global Silicon Carbide (SiC) Power Devices market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The UPS & PS application segment accounted for the largest silicon carbide power devices market share during 2017. The utilization of SiC power devices in UPS & PS applications will increase in the coming years and the segment will account for the major share of this market till 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Silicon Carbide (SiC) Power Devices market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Diodes
Modules
Transistors
Other

Segmentation by application
EV/HEVs
PV Inverters
UPS & PS
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Infineon Technologies
Cree
Mitsubishi Electric
ON Semiconductor
ROHM Semiconductor
STMicroelectronics
Toshiba

Key Questions Addressed in this Report

What is the 10-year outlook for the global Silicon Carbide (SiC) Power Devices market?

What factors are driving Silicon Carbide (SiC) Power Devices market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Silicon Carbide (SiC) Power Devices market opportunities vary by end market size?

How does Silicon Carbide (SiC) Power Devices break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.