Silicon Carbide Global Market to Reach $7.7 Billion by 2027 at a 6.42% CAGR
Wednesday, October 26, 2022
DUBLIN, Oct. 18, 2022 /PRNewswire/ -- The "Silicon Carbide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
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The global silicon carbide market size reached US$ 5.3 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 7.7 Billion by 2027, exhibiting a CAGR of 6.42% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Significant growth in the steel industry across the globe is one of the key factors creating a positive outlook for the market. SiC is extensively used in the production of stainless steel as it enhances the yield rate and purifies molten steel. Moreover, widespread product adoption for the manufacturing of various semiconductors and other electronic components is providing a thrust to the market growth.
It can function in high voltage and temperature conditions and is thereby also used to manufacture electronic vehicles (EVs). It aids in reducing the weight of the automobiles and improving overall efficiency. Other factors, including the increasing utilization of SiC devices in cellular base stations and radio-frequency operations, along with the implementation of favorable government policies promoting the use of renewable energy resources for power generation, are anticipated to drive the market toward growth.
Key Market Segmentation
Breakup by Product:
-- Black Silicon Carbide
-- Green Silicon Carbide
-- Others
Breakup by Application:
-- Steel
-- Automotive
-- Aerospace
-- Military and Defense
-- Electrical and Electronics
-- Healthcare
-- Others
Breakup by Region:
-- North America
-- United States
-- Canada
-- Asia-Pacific
-- China
-- Japan
-- India
-- South Korea
-- Australia
-- Indonesia
-- Others
-- Europe
-- Germany
-- France
-- United Kingdom
-- Italy
-- Spain
-- Russia
-- Others
-- Latin America
-- Brazil
-- Mexico
-- Others
-- Middle East and Africa
Key Questions Answered in This Report:
-- How has the global silicon carbide market performed so far and how will
it perform in the coming years?
-- What has been the impact of COVID-19 on the global silicon carbide
market?
-- What are the key regional markets?
-- What is the breakup of the market based on the product?
-- What is the breakup of the market based on the application?
-- What are the various stages in the value chain of the industry?
-- What are the key driving factors and challenges in the industry?
-- What is the structure of the global silicon carbide market and who are
the key players?
-- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Silicon Carbide Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by Region
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
Companies Mentioned
-- AGSCO Corp
-- Carborundum Universal Limited (Murugappa Group)
-- Compagnie de Saint-Gobain S.A.
-- Cree Inc.
-- Entegris Inc.
-- ESK-SIC GmbH
-- Fuji Electric Co. Ltd.
-- General Electric Company
-- Genesic Semiconductor Inc.
-- Infineon Technologies AG
-- Renesas Electronics Corporation
-- SNAM Abrasives Pvt Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/cml32a
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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SOURCE Research and Markets
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