Global Silicon Carbide Market Production, Size and Future Demand 2025 | Ozone Market Reports

The Global Silicon Carbide Market was valued at USD 235.82 million in 2016 and is projected to reach USD 1008.30 million by 2025, growing at a CAGR of 17.52% from 2017 to 2025. 

Silicon carbide (SiC) is a semiconductor containing silicon and carbon with chemical formula SiC. It is a very hard, insoluble, crystalline compound used as an abrasive and heat-refractory material and in single crystals as semiconductors, especially in high-temperature applications. Benefits of Silicon carbide include - High hardness, Low thermal expansion, High thermal consistency, Good resistance at high temperatures, Electrical conductivity, and Non linear electrical resistance.

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Market Dynamics:
1. Market Drivers
1.1 High utilization of power semiconductor technology in renewable energy generation
1.2 Ability of SIC in semiconductor to perform at high temperature and high voltage & power
1.3 System size reduction by using SIC power devices
1.4 Application of SIC devices in RF and cellular base station
1.5 Growing demand for motor drives is lining SIC-based devices in positive growth trajectory
2. Market Restraints
2.1 Issues related with SIC power devices packaging
2.2 Gan is competing with SIC

Market Segmentation:
The Global Silicon Carbide Market is segmented on the basis of by wafer size, device, application, vertical, and region.

1. Wafer Size:
1.1 2 Inch
1.2 4 Inch
1.3 6-Inch and above 

2. By Device:
2.1 SiC bare die
2.2 SIC discrete devices 

3. By Application:
3.1 EV Motor Drive
3.2 EV Charging
3.3 Flexible AC Transmission Systems
3.4 High-Voltage
3.5 Direct Current
3.6 Electronic Combat System
3.7 Wind Energy
3.8 Solar Energy
3.9 RF Device and Cellular Base Station
3.10 Power Grid Device
3.11 Power Supply and Inverter
3.12 Lighting Control
3.13 Industrial Motor Drive
3.14 Flame Detector
3.15 Others

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4. By Vertical:
4.1 Power Electronics
4.2 Telecommunications
4.3 Energy & Power
4.4 Renewable Power Generation
4.5 Defense
4.6 Automotive
4.7 Others

5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America) 
5.5 Middle East & Africa

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