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SiC Wafer Reclaim Services Market Size

Report ID: GMI5315
Published Date: Aug 2022
Report Format: PDF

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SiC Wafer Reclaim Services Market Size

SiC Wafer Reclaim Services Market size surpassed USD 650 million in 2021 and is expected to grow at more than 9% CAGR of during 2022 to 2030.

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Growing higher-power requirements and a concurrent emphasis on efficiency is expected to boost the industry growth. Many semiconductor companies are looking to silicon carbide as the semiconductor material of the future due to its advantageous physical properties and its application in a wide range of semiconductors.

The accelerating adoption of advanced technologies such as AI, IoT, and ML across different sectors is opening up new prospects for SiC wafer reclamation service providers. Along with its application in industrial power supplies and photovoltaic converters, the advantages of SiC are most noticeably leveraged in the field of e-mobility. The growing product demand from the automotive industry in addition to increasing government support and initiatives is also driving the global SiC wafer reclaim services market share.

SiC Wafer Reclaim Services Market Report Attributes
Report Attribute	Details
Base Year:	2021
SiC Wafer Reclaim Services Market Size in 2021:	650 million (USD)
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	9%
2030 Value Projection:	1.3 billion (USD)
Historical Data for:	2018 to 2021
No. of Pages:	225
Tables, Charts & Figures:	181
Segments covered:	Diameter, Application
Growth Drivers:	Rising demand of SiC wafers in consumer electronics Increasing adoption of semiconductors in solar energy Growing penetration of SiC wafers for 5G and IoT devices The increasing adoption of Electric Vehicles (EV) Rising government initiative to increase semiconductor manufacturing
Pitfalls & Challenges:	High maintenance cost of manufacturing facilities

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Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of SiC wafer reclaim services valued over USD 650 million in 2021 and will expand at a CAGR of more than 9% during 2022-2030.

The above 10 inches SiC wafer reclaim services industry is expected to attain 10% gains through 2030, driven by the increasing use of electronic components in consumer electronics, 5G technology, industrial automation, and automotive systems.

The power devices application industry may cross USD 700 million by 2030 owing to the rising SiC wafer integration in these components.

Due to the rising use of technology and electronic products in rapidly urbanizing economies such as China, India, and Japan, the Asia Pacific region registered a massive share of about 60% in 2021.