Silicon carbide is a black crystalline substance produced by silicon and carbon which have the high tensile strength and used in composites and semiconductors. Increasing demand for silicon carbide-based photovoltaic cells in developing and emerging economies is estimated to create numerous opportunities for growth.
North America Silicon Carbide Semiconductor Market Segments Size & Growth:
North America 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.
North America Silicon Carbide Semiconductor Market Segments Share:
North America 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 forecasting 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, North America silicon carbide market is subdivided into III-V SIC semiconductors, SiC & GaN semiconductors,
As above 6-inch SIC helps the manufacturing of any number 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 the cellular base station is 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. Americas held second largest share as the usage of these silicon carbides in telecommunications and electronic applications.
North America Silicon Carbide Semiconductor Market Trends:
North America 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 North America 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.
Starting from $2700
Starting from $2700
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