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Silicon carbide is a very hard dark crystalline compound of silicon and carbon which is used as an abrasive and in electric resistors. Augmenting demand for SiC devices in power supply and inverter applications, owing to the variety of application provided by SiC increasing the growth.
Asia Pacific Silicon Carbide Semiconductor Market Segments Size & Growth:
Asia Pacific Silicon Carbide Semiconductor Market is estimated to increase by an $XX million by 2024 at a CAGR of XX%. The ability of SIC to work in high temperature and high growth is one of the major factors for the growth of silicon carbide market. Reduction in size of semiconductor with the help of silicon carbide is projected to have market growth. Increasing demand for silicon carbide-based photovoltaic cells in developing and emerging economies is expected to create numerous opportunities for growth. Moreover, increasing government investment and rising applications of solar power in different fields is estimated to accelerate the market growth.
Asia Pacific Silicon Carbide Semiconductor Market Segments Share:
Silicon carbide market is segmented into devices which includes SIC discrete devices and SIC bare die. SIC discrete devices had the largest share in 2017 and estimated to have the growth during the forecast period. Usage of these devices in RF and cellular base station applications accounted for the growth. Moreover, SIC modules are projected to grow at the moderate CAGR attributed to increasing application of SiC MOSFETs and SiC diodes in various applications. Based on the technology, Asia Pacific silicon carbide market is subdivided into III-V SIC semiconductors, SiC & GaN semiconductors, SiC & AIN semiconductors, 3C-SIC growth on Si substrates, IV-IV silicon carbide semiconductors, 6h-SIC semiconductors, 4H-SIC semiconductors, 2H-SIC semiconductors,
As above 6-inch SIC helps the manufacturing of many numbers of devices when compared to other silicon carbide wafers. Application segment includes electronic combat system, flexible Ac transmission systems (Facts), power grid device, industrial motor drive, solar energy, lighting control, high-voltage, direct Current (HVCD), flame detector, RF device & cellular base station, EV charging, EV motor drive, wind energy, power supply and inverter and others.
RF device and cellular base station are estimated to grow at a fair pace during the forecasting period. As these semiconductors are mostly used in these applications followed by power supply applications. Based on end-user, silicon carbide market end-user segment is further divided into telecommunication, power electronics, automotive, defence, renewable power generation, energy & power and Others. Power electronics held the largest share in 2017 and estimated to grow at a moderate CAGR during the forecast period. The key factor for the growth of Power electronics is major growth in usage of SIC devices in inverter and power supply applications.
APAC region will continue to grow with the highest CAGR during the forecasting period. As new expansions and capacity expansions will occur in the countries like India, Japan, and China. Of this development in the industrial sector and power and smart grid, the project will accelerate the market growth in APAC region. Increasing usage of silicon carbide in RF and cellular base device stations coupled with the expansion of 4G
Asia Pacific Silicon Carbide Semiconductor Market Trends:
Asia Pacific Silicon Carbide Semiconductor Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Along with these companies, there were many other companies considered/cited in the report while analysing the Asia Pacific Silicon Carbide Semiconductor market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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