[FURL=https://www.industryarc.com/Research/Silicon-Carbide-Power-Semiconductors-Market-Research-505744?utm_source=Briefingwire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Silicon Carbide Power Semiconductors Market[/FURL] is forecast to reach $2.6 billion by 2026, growing at a CAGR 27.1% from 2021 to 2026. Silicon carbide is a semiconductor formed by a combination of silicon and carbon. It has a hardness level that is roughly equal to that of a diamond, which allows SiC semiconductors to work under intense conditions. SiC (silicon carbide) is used for high-powered applications due to the wide bandgap semiconductor provided. Semiconductors also use SiC for reduced energy losses and longer life solar and wind power converters. Photovoltaic energy mainly requires high power, low-loss, faster switching and reliable semiconductor devices to improve performance, power density and reliability.Key Takeaways
The growing adoption of the SiC power semiconductor in plug-in hybrid (PHEV) and all-electric vehicles (xEV) is one of the main factors driving the growth in the automotive industry.
Asia-Pacific is expected to dominate the global SiC semiconductor market primarily as the region dominates the global semiconductor market, further supported by government policies that favor semiconductor production.
The outbreak of COVID-19 impacted the overall semiconductor industry on the demand side and the supply side. The nationwide shutdowns and closure of semiconductor plants further fuelled the supply shortage trend, which mainly emerged in 2019. These effects were also reflected in the demand for SiC power semiconductors.
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Silicon Carbide Power Semiconductors Market Segment Analysis - By Geography
APAC is expected to dominate the global Silicon Carbide Power Semiconductors market with a share of more than 34.5% in the forecast period. Asia-Pacific is expected to dominate the global SiC semiconductor market mainly as the region dominates the global semiconductor market, further supported by government policies that favor semiconductor development. The area is also the largest producer and consumer of consumer electronics, and there is an exponential growth in demand for smart consumer electronics.
Silicon Carbide Power Semiconductors Market Drivers
Advantages of Compound Semiconductors (SiC) Over Silicon-based Technology
Increase in demand for power electronics modules across various industry verticals
Silicon Carbide Power Semiconductors Market top 10 companies are Infineon Technologies AG, Microsemi Corporation, General Electric, Power Integrations, Toshiba Corporation, Fairchild Semiconductor, STMicroelectronics, NXP Semiconductors, Tokyo Electron Limited, Renesas Electronics Corporation, ROHM, Cree, Inc, Others.
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