Report Feature
The future of silicon carbide in the global high voltage application market looks promising with opportunities in EV motor drives, EV charging stations, and power transmissions. The global high voltage application market in terms of silicon carbide use is expected to grow with a CAGR of 23% to 26% from 2022 to 2027. The major drivers for this market are growing adoption for hybrid and battery electric vehicle, increasing demand in power electronics, and superior properties of silicon carbide.
A more than 150 page report has been developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched, and other details of silicon carbide for the high voltage application market report, download the report brochure.
The study includes trends and forecast for silicon carbide in the global high voltage application market by device type, application, wafer size, and region as follows:
By Device Type [$M shipment analysis for 2016 – 2027]:
- SiC Diode
- SIC MOSFET
- SiC Module
By Application [$M shipment analysis for 2016 – 2027]:
- EV Motor Drives
- EV Charging Stations
- Power Transmissions (FACTS and HVDC)
By Wafer Size [$M shipment analysis for 2016 – 2027]:
- 2 Inch
- 4 Inch
- 6 Inch and Above
By Region [$M shipment analysis for 2016 – 2027]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
Lucintel forecasts that silicon carbide for the EV motor drive market is expected to witness the highest growth over the forecast period. Increasing production of electric vehicles due to rising fuel prices and government initiatives to reduce environmental pollution are driving the demand for silicon carbide in the high voltage application market.
Asia Pacific is expected to grow with the highest CAGR in the forecast period due to the present of large semiconductor companies and several government initiatives of countries in APAC to increase the usage of electric vehicles.
Infineon Technologies, Cree, ROHM, STMicroelectronics, Fuji Electric, ON Semiconductor, General Electric, Toshiba Corporation, Renesas Electronics, and Microchip Technology are among the major silicon carbide manufacturers for high voltage application.
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Features of Silicon Carbide for High Voltage Application Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for silicon carbide in the global high voltage application market by device type (SiC diode, SIC MOSFET, and SiC module), application (EV motor drives, EV charging stations, and power transmissions (FACTS and HVDC)), wafer size (2 inch, 4 inch, and 6 inch and above), and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which regions will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of silicon carbide in the high voltage application market? Q.5 What are the business risks and threats to silicon carbide in the high voltage application market? Q.6 What are emerging trends in silicon carbide for the high voltage application market and the reasons behind them? Q.7 What are some changing demands of customers of silicon carbide in the high voltage application market? Q.8 What are the new developments in silicon carbide in the high voltage application market? Which companies are leading these developments? Q.9 Who are the major players of silicon carbide in the high voltage application market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes of silicon carbide in the high voltage application market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the high voltage application market in terms of silicon carbide use? |
Table of Contents
1. Executive Summary
6.2 Emerging Trends in Silicon Carbide in the Global High Voltage Application Market
6.1.1 Growth Opportunities for Silicon Carbide in the Global High Voltage Application Market by Device Type
6.1.2 Growth Opportunities for Silicon Carbide in the Global High Voltage Application Market by Application
6.1.3 Growth Opportunities for Silicon Carbide in the Global High Voltage Application Market by Wafer Size
6.1.4 Growth Opportunities for Silicon Carbide in the Global High Voltage Application Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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