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Silicon Carbide Market Trends

  • Report ID: GMI6019
  • Published Date: Aug 2024
  • Report Format: PDF

Silicon Carbide Market Trends

The expansion of telecommunication infrastructure is driving several key trends in the Silicon Carbide (SiC) market, particularly as the industry moves towards more advanced and efficient technologies to support the growing demand for high-speed connectivity, 5G networks, and beyond. As 5G networks continue to be deployed globally, there is a rising need for high-performance, energy-efficient power electronics in base stations. SiC technology is increasingly being adopted in these applications due to its superior efficiency, higher voltage operation, and reduced heat generation compared to traditional silicon-based components. This allows for more compact and reliable power systems that can handle the higher power demands of 5G infrastructure. The growing demand for high-power telecommunications equipment, such as data centers and network infrastructure, is another trend fueling the adoption of SiC technology. SiC power semiconductors enable the development of high-power converters and inverters that are more efficient and compact, which is essential for supporting the large-scale power requirements of modern telecom networks
 

The increased adoption of SiC in power electronics is a notable trend driven by the need for higher efficiency and performance in various applications. SiC devices, such as MOSFETs and diodes, are increasingly used in power converters, inverters, and other high-power applications due to their ability to operate at higher temperatures and voltages compared to traditional silicon devices. For instance, in November 2023, Mitsubishi Electric Corporation announced a strategic partnership with Nexperia B.V. to collaboratively develop Silicon Carbide (SiC) power semiconductors for the power electronics market. Mitsubishi Electric will harness its wide-bandgap semiconductor technologies to develop and supply SiC MOSFET chips, which Nexperia will then use to create SiC discrete devices.

Authors: Suraj Gujar , Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

Market size for silicon carbide was worth USD 3.1 billion in 2023 and will expand at 30% CAGR between 2024 and 2032, owing to its superior thermal conductivity, high breakdown voltage, and efficiency in power electronics.

The black silicon carbide industry will reach over USD 15 billion by 2032, fueled by its widespread use in abrasives and refractory applications.

North America industry size achieved USD 10 billion in 2023 due to its advanced technological infrastructure and significant investments in semiconductor and power electronics sectors.

Key companies operating in the market are ROHM Co., Ltd., STMicroelectronics N.V., Infineon Technologies AG, ON Semiconductor Corporation, GeneSiC Semiconductor Inc., Microsemi Corporation, and General Electric Company (GE Aviation), among others.

Silicon Carbide Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 514
  • Countries covered: 21
  • Pages: 220
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