Silicon Carbide (SiC)
Power Devices Market
Silicon Carbide (SiC) Power Devices Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Silicon Carbide (SiC) Power Devices Market Size and Growth
The Silicon Carbide (SiC) Power Devices market is experiencing significant growth due to increasing demand in electric vehicles, renewable energy, and industrial applications. Currently valued at approximately $3.2 billion, the market is projected to expand at a CAGR of around 20% through 2028, driven by superior performance and efficiency characteristics.
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Companies Covered
(Covid 19 Impact Covered)
◍ Infineon Technologies
◍ Cree
◍ Mitsubishi Electric
◍ ON Semiconductor
◍ ROHM Semiconductor
◍ STMicroelectronics
◍ Toshiba
The Silicon Carbide (SiC) Power Devices Market features key players like Infineon Technologies, Cree, Mitsubishi Electric, ON Semiconductor, ROHM Semiconductor, STMicroelectronics, and Toshiba. These companies enhance market growth through innovative SiC solutions, fostering efficiency and performance in applications such as electric vehicles and renewable energy. Revenue figures include:
- Infineon: €11 billion (2022)
- Cree: $1.5 billion (2022)
- STMicroelectronics: $12.8 billion (2022)
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Market Segmentation
By Application
EV/HEVs
PV Inverters
UPS & PS
Other
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By Product
Diodes
Modules
Transistors
Other
Market Growth
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$ X Billion USD
