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The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the most prominent global Silicon Carbide market, with a 62.39% market revenue share in 2023.
Asia Pacific, particularly economies like Taiwan, Japan, China, and South Korea, serves as a global manufacturing hub for semiconductor materials and devices. These countries have well-established semiconductor industries with advanced fabrication facilities capable of producing SiC wafers and devices at scale. Most importantly, Asian countries have invested significantly in research and development (R&D) initiatives focused on SiC technology. Government support, academic collaborations, and partnerships between industry players have facilitated the development of cutting-edge SiC materials, processes, and devices. Furthermore, Asian companies possess extensive semiconductor manufacturing and materials science expertise, enabling them to develop and commercialize innovative SiC products. They have access to skilled engineers, scientists, and technicians with specialized knowledge in SiC technology, contributing to the region's dominance in the market. Additionally, Asia Pacific is home to key industries driving the demand for SiC devices, including automotive, consumer electronics, telecommunications, and industrial automation. The region's rapid industrialization, urbanization, and growing middle-class population have fueled demand for energy-efficient and high-performance electronic systems, boosting the adoption of SiC technology.
Asia Pacific Region Silicon Carbide Market Share in 2023 - 62.39%
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The product segment is divided into black silicon carbide and green silicon carbide. The black silicon carbide segment dominated the market, with a share of around 56.19% in 2023. Black SiC is the most commonly produced form of SiC due to its abundance and cost-effectiveness. It is created by the carbothermal reduction of petroleum coke and silica sand in electric resistance furnaces. The availability of raw materials and relatively simple manufacturing process contribute to its dominance in the market. Furthermore, black SiC typically exhibits high purity levels and consistent quality, making it suitable for various industrial applications. It is available in various particle sizes and shapes, allowing manufacturers to tailor its properties to meet specific application requirements. Moreover, black SiC finds widespread use in abrasive and refractory applications due to its excellent hardness, abrasion resistance, and thermal conductivity. It is used in abrasive blasting, grinding wheels, cutting tools, and refractory materials for furnaces and kilns. The versatility of black SiC makes it a preferred choice across diverse industries such as automotive, aerospace, metallurgy, and ceramics.
The device segment is classified into SiC discrete, SiC bare die and SiC module. The SiC discrete segment dominated the market, with a share of around 45.83% in 2023. SiC discrete devices offer superior performance compared to traditional silicon-based devices. They have higher breakdown voltages, lower on-resistance, faster switching speeds, and better thermal conductivity. These characteristics make SiC discrete devices highly suitable for high-power and high-frequency applications in automotive, power electronics, and renewable energy industries. In addition, SiC discrete devices have lower switching losses and reduced conduction losses compared to silicon-based devices. As a result, they offer more energy efficiency and contribute to energy savings in various applications such as electric vehicles, solar inverters, and industrial motor drives. Operating at higher temperatures without performance degradation further enhances their efficiency. Besides, SiC discrete devices enable the design of more compact and lightweight electronic systems due to their higher power density and efficiency. This miniaturization is particularly beneficial for applications where space constraints are a concern, such as automotive powertrains, renewable energy inverters, and portable electronics.
The application segment includes automotive, aerospace, electrical & electronics, healthcare, military & defense, steel and others. The electrical & electronics segment dominated the market, with a share of around 27.61% in 2023. SiC offers significant advantages over traditional silicon-based semiconductors in power electronics applications. SiC-based devices, such as MOSFETs, Schottky diodes, and JFETs, exhibit lower conduction and switching losses, higher breakdown voltages, and faster switching speeds. These attributes make them ideal for high-efficiency power conversion and control in various electrical and electronic applications. Most importantly, the automotive industry is experiencing a rapid transition towards electrification to lower emissions and improve fuel efficiency. SiC-based power electronics play a crucial role in electric and hybrid vehicles by enabling higher efficiency, longer driving ranges, and faster charging times. As the demand for EVs and HEVs continues to grow globally, the adoption of SiC technology in automotive powertrain systems is expected to surge, driving market growth. SiC devices are also extensively used in renewable energy systems such as solar inverters, wind turbines, and grid-tied energy storage systems. SiC-based inverters and converters offer higher efficiency and reliability than conventional silicon-based solutions, making them well-suited for converting and managing power from renewable energy sources. The increasing implementation of wind and solar power projects worldwide drives the demand for SiC devices in the renewable energy sector.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Device
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Demand from power electronics industry
5.3. Restraints
5.3.1. High manufacturing cost
5.4. Opportunities
5.4.1. Expansion of renewable energy infrastructure
5.5. Challenges
5.5.1. Yield Rates and Process Consistency
6. Global Silicon Carbide Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Black Silicon Carbide
6.3. Green Silicon Carbide
7. Global Silicon Carbide Market Analysis and Forecast, By Device
7.1. Segment Overview
7.2. SiC Discrete
7.3. SiC Bare Die
7.4. SiC Module
8. Global Silicon Carbide Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Automotive
8.3. Aerospace
8.4. Electrical & Electronics
8.5. Healthcare
8.6. Military & Defense
8.7. Steel
8.8. Others
9. Global Silicon Carbide Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Silicon Carbide Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Silicon Carbide Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. AGSCO Corporation
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Blasch Percision Ceramics Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Carborundum Universal Limited
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Coorstek
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Christy Refractories
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Entegris, Inc.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. ESD-SIC b.v.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. ESK-SIC GmbH
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Fuji Electric Co., Ltd.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. General Electric Company
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Gaddis Engineered Materials
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Grindwell Norton Ltd.
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. GeneSiC Semiconductor, Inc.
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Infineon Technologies AG
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Imerys
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. Keith Company
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Microsemi
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
11.18. Microchip Technology Inc.
11.18.1. Business Overview
11.18.2. Company Snapshot
11.18.3. Company Market Share Analysis
11.18.4. Company Product Portfolio
11.18.5. Recent Developments
11.18.6. SWOT Analysis
11.19. Morgan Technical Ceramics
11.19.1. Business Overview
11.19.2. Company Snapshot
11.19.3. Company Market Share Analysis
11.19.4. Company Product Portfolio
11.19.5. Recent Developments
11.19.6. SWOT Analysis
11.20. Navarro SiC
11.20.1. Business Overview
11.20.2. Company Snapshot
11.20.3. Company Market Share Analysis
11.20.4. Company Product Portfolio
11.20.5. Recent Developments
11.20.6. SWOT Analysis
11.21. Onsemi
11.21.1. Business Overview
11.21.2. Company Snapshot
11.21.3. Company Market Share Analysis
11.21.4. Company Product Portfolio
11.21.5. Recent Developments
11.21.6. SWOT Analysis
11.22. Renesas Electronics Corporation
11.22.1. Business Overview
11.22.2. Company Snapshot
11.22.3. Company Market Share Analysis
11.22.4. Company Product Portfolio
11.22.5. Recent Developments
11.22.6. SWOT Analysis
11.23. ROHM Co., Ltd.
11.23.1. Business Overview
11.23.2. Company Snapshot
11.23.3. Company Market Share Analysis
11.23.4. Company Product Portfolio
11.23.5. Recent Developments
11.23.6. SWOT Analysis
11.24. SNAM Abrasives Pvt. Ltd.
11.24.1. Business Overview
11.24.2. Company Snapshot
11.24.3. Company Market Share Analysis
11.24.4. Company Product Portfolio
11.24.5. Recent Developments
11.24.6. SWOT Analysis
11.25. SK Siltron Co., Ltd.
11.25.1. Business Overview
11.25.2. Company Snapshot
11.25.3. Company Market Share Analysis
11.25.4. Company Product Portfolio
11.25.5. Recent Developments
11.25.6. SWOT Analysis
11.26. STMelectronics
11.26.1. Business Overview
11.26.2. Company Snapshot
11.26.3. Company Market Share Analysis
11.26.4. Company Product Portfolio
11.26.5. Recent Developments
11.26.6. SWOT Analysis
11.27. Saint Gobain
11.27.1. Business Overview
11.27.2. Company Snapshot
11.27.3. Company Market Share Analysis
11.27.4. Company Product Portfolio
11.27.5. Recent Developments
11.27.6. SWOT Analysis
11.28. Toshiba Corporation
11.28.1. Business Overview
11.28.2. Company Snapshot
11.28.3. Company Market Share Analysis
11.28.4. Company Product Portfolio
11.28.5. Recent Developments
11.28.6. SWOT Analysis
11.29. Washington Mills
11.29.1. Business Overview
11.29.2. Company Snapshot
11.29.3. Company Market Share Analysis
11.29.4. Company Product Portfolio
11.29.5. Recent Developments
11.29.6. SWOT Analysis
11.30. Wolfspeed, Inc.
11.30.1. Business Overview
11.30.2. Company Snapshot
11.30.3. Company Market Share Analysis
11.30.4. Company Product Portfolio
11.30.5. Recent Developments
11.30.6. SWOT Analysis
List of Table
1. Global Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
2. Global Black Silicon Carbide, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
3. Global Green Silicon Carbide, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
4. Global Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
5. Global SiC Discrete, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
6. Global SiC Bare Die, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
7. Global SiC Module, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
8. Global Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
9. Global Automotive, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
10. Global Aerospace, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
11. Global Electrical & Electronics, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
12. Global Healthcare, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
13. Global Military & Defense, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
14. Global Steel, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
15. Global Others, Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
16. Global Silicon Carbide Market, By Region, 2020-2033 (USD Billion) (Tons)
17. North America Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
18. North America Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
19. North America Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
20. U.S. Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
21. U.S. Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
22. U.S. Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
23. Canada Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
24. Canada Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
25. Canada Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
26. Mexico Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
27. Mexico Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
28. Mexico Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
29. Europe Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
30. Europe Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
31. Europe Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
32. Germany Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
33. Germany Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
34. Germany Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
35. France Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
36. France Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
37. France Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
38. U.K. Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
39. U.K. Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
40. U.K. Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
41. Italy Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
42. Italy Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
43. Italy Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
44. Spain Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
45. Spain Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
46. Spain Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
47. Asia Pacific Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
48. Asia Pacific Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
49. Asia Pacific Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
50. Japan Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
51. Japan Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
52. Japan Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
53. China Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
54. China Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
55. China Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
56. India Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
57. India Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
58. India Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
59. South America Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
60. South America Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
61. South America Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
62. Brazil Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
63. Brazil Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
64. Brazil Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
65. Middle East and Africa Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
66. Middle East and Africa Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
67. Middle East and Africa Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
68. UAE Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
69. UAE Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
70. UAE Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
71. South Africa Silicon Carbide Market, By Product, 2020-2033 (USD Billion) (Tons)
72. South Africa Silicon Carbide Market, By Device, 2020-2033 (USD Billion) (Tons)
73. South Africa Silicon Carbide Market, By Application, 2020-2033 (USD Billion) (Tons)
List of Figures
1. Global Silicon Carbide Market Segmentation
2. Silicon Carbide Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Silicon Carbide Market Attractiveness Analysis By Product
9. Global Silicon Carbide Market Attractiveness Analysis By Device
10. Global Silicon Carbide Market Attractiveness Analysis By Application
11. Global Silicon Carbide Market Attractiveness Analysis by Region
12. Global Silicon Carbide Market: Dynamics
13. Global Silicon Carbide Market Share By Product (2024 & 2033)
14. Global Silicon Carbide Market Share By Device (2024 & 2033)
15. Global Silicon Carbide Market Share By Application (2024 & 2033)
16. Global Silicon Carbide Market Share by Regions (2024 & 2033)
17. Global Silicon Carbide Market Share by Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global Silicon Carbide market based on below-mentioned segments:
Global Silicon Carbide Market by Product:
Global Silicon Carbide Market by Device:
Global Silicon Carbide Market by Application:
Global Silicon Carbide Market by Region:
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In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
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