Silicon Carbide Market to Register Steady Growth During 2017-2027

Posted by harshada on November 7th, 2017

The other name of Silicon carbide is carborundum. The silicon carbide is a semiconductor, which is assist the system in reducing size and power loss by 50 %, owing to which, silicon carbide is expected to replace other silicon based semiconductors and transistors from the market.

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Silicon Carbide Market: Drivers and Restraints

Various factors such as the surge in demand for motor drives, compact system size and the increase in utility of silicon carbide in the cellular base station and radio frequency devices are some factor, which is driving the growth of the silicon carbide market during the forecast period.

Silicon carbide reduces the power system loss by 50%, owing to which the adoption of compact size semiconductors is increasing in various application such as Industrial Motor Drive, Power Supply and Inverter, Lighting Control and others.

On the other hand, the price of silicon carbide range approximately from 0 to ,000 per ton that is very high as compared to other alternatives available in the market. Therefore, the high cost of Silicon carbide is the major factor restraining the growth of the market. Also, defects in material and issue related to the package is the other challenge faced by vendors associated with silicon carbide market.

Global Silicon Carbide Market: Regional Trend

Asia Pacific holds the major market for cellular base station and radio frequency devices, due to which, Asia Pacific region captures largest market share regarding revenue for silicon carbide market. And also, expected to continue its dominance during the forecast period. Further, owing to support government FDI on investment in countries such as India and China are the becoming key attraction for the investor to invest in Asia Pacific region.

In addition to above, in China, continuous development in electric vehicles and EV charging are anticipated to cater new avenues for opportunistic growth of silicon carbide market in forth coming years.