North America Silicon Carbide Wafers Market Poised to Achieve Exponential CAGR of 22.2% by 2029, Size, Share, Trends and Opportunitiy Analysis

PRESS RELEASE
Published August 21, 2023

Market research analysis and estimations carried out in the consistent North America Silicon Carbide Wafers Market report aids businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to be followed for outdoing the rivals. With the comprehensive analysis of the market, it puts forth overview of the market regarding type and applications, featuring the key business resources and key players. Further, manufacturer can adjust production according to the conditions of demand which are analysed here. An excellent this market report underlines this key manufacturers to define, describe and analyze the market competition landscape with the help of SWOT analysis.

North America Silicon Carbide Wafers Market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 22.2% in the forecast period of 2022 to 2029 and is expected to reach USD 1,061,978.67 thousand by 2029.

The major factors that are expected to drive the growth of the silicon carbide wafers market are increasing usage of power electronics and shifting towards renewable energy generation, fuelling demand for silicon carbide wafers products. On the other hand, the release of poisonous gases during production may act as a major restraint for the silicon carbide wafers market. Increasing demand for silicon carbide for EV power electronics is expected to create opportunities for the growth of the market. However, a shift towards gallium nitride wafers in semiconductor applications may act as a major challenge for the growth of the market.

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North America Silicon Carbide Wafers Market Analysis:

This North America Silicon Carbide Wafers Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the North America Silicon Carbide Wafers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Key players operating in the North America Silicon Carbide Wafers market include:

  • WOLFSPEED, INC.
  • II-VI Incorporated
  • MTI Corporation
  • CETC Solar Energy Holdings Co., Ltd.
  • American Elements
  • STMicroelectronics
  • TankeBlue CO., LTD.
  • Synlight
  • SICC Materials Co., Ltd
  • PI-KEM Limited
  • Entegris
  • SHOWA DENKO K.K.
  • Atecom Technology Co., Ltd
  • Latent Technologies
  • ROHM CO., LTD.
  • Fuji Electric Co., Ltd.
  • Mitsubishi Electric Corporation
  • Texas Instruments Incorporated
  • Infineon Technologies AG
  • SEMIKRON

Recent Development

  • In December 2021, Entegris announced the expansion of the company by investing in its new, state-of-the-art manufacturing facility in Taiwan to approximately USD 500 million over the next three years. As the company’s commitment to Taiwan, the new facility, when operational, will generate USD 500 million in revenue
  • In 2021, MTI Corporation moved into a new facility which was 30,000 square ft., in the area in Richmond, California, U.S., for increasing their business. This relocation into a bigger facility has helped the companies to expand their business and achieve record sales

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North America Silicon Carbide Wafers Market Segmentations:

  • On the basis of wafer size, the North America silicon carbide wafers market is segmented into 2 inch, 4 inch, and 6-inch and above. In 2022, the 4 inch segment is expected to dominate the market as it is highly used for the fabrication of very high-voltage and high-power devices such as diodes, power transistors, and high-power microwave devices. Moreover, silicon carbide is being widely used for high-power MMIC applications.
  • On the basis of device, the North America silicon carbide wafers market is segmented into SiC discrete devices and SiC bare die. In 2022, SiC discrete devices segment is expected to dominate the market as SiC-based power devices have faster-switching speed, higher voltages, lower parasitic resistances, smaller size, less cooling required due to high-temperature capability. Moreover, silicon carbide-based devices have been used for short-wavelength optoelectronic, high temperature, radiation resistant applications.
  • On the basis of application, the North America silicon carbide wafers market is segmented into power grid device, industrial motor drive, EV motor drive, RF device & cellular base station, solar energy, wind energy, flexible AC transmission systems, high-voltage, direct current, electronic combat system, lighting control, EV charging, power supply and inverter, flame detector, and others. In 2022, the power grid device segment is expected to dominate the market power grids are using smart grid technology, including control systems and automation that help new technologies work together, supporting a power grid that can respond digitally to quickly changing electricity demand.
  • On the basis of industry, the North America silicon carbide wafers market is segmented into telecommunication, energy & power, renewable power generation, automotive, power electronics, defense, and others. In 2022, the telecommunication segment is expected to dominate the market as the industry has become an indispensable infrastructure for entertainment, news, social connectivity, and e-commerce. Telecom networks have to be scalable enough to accommodate future growth. Growth implies more end devices running more applications that require greater bandwidth, predictable response times, and low latency which is being offered by SiC-based devices.

North America Silicon Carbide Wafers Market Country Level Analysis

The countries covered in North America silicon carbide wafers market report are the U.S., Canada and Mexico.

The U.S. is expected to account for the maximum share in the North America silicon carbide wafers market owing to factors such as the presence of a large number of companies providing silicon carbide wafers.

The country section of the North America silicon carbide wafers market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.

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The report encompasses a wide range of insightful pointers, providing you with a comprehensive understanding of this market. Here is a more informative breakdown of the key areas covered:

  • Market Penetration Analysis: Gain a comprehensive understanding of the top players in this market by exploring their product portfolios in detail. This analysis provides valuable insights into the range of products offered by these industry leaders, enabling you to assess their market presence and competitive advantages.
  • Product Development and Innovation Insights: Stay abreast of the latest advancements in this market through detailed insights on upcoming technologies, research and development (R&D) activities, and product launches. This information allows you to identify innovative solutions, assess market trends, and anticipate the direction of the industry.
  • Competitive Assessment: Delve deep into the strategies employed by the leading players in this market, evaluating their geographic presence and business segments. This assessment offers a comprehensive understanding of the competitive landscape, enabling you to benchmark your own strategies against industry leaders and identify areas for improvement.
  • Market Development Analysis: Explore the potential of emerging markets with comprehensive information and analysis. This report analyzes various market segments across different geographies, providing you with valuable insights into the growth opportunities available in specific regions and helping you tailor your expansion strategies accordingly.
  • Market Diversification Opportunities: Uncover untapped geographies, new product offerings, recent developments, and investments in this market. This exhaustive information enables you to identify potential areas of diversification, strategically expand your market reach, and seize new opportunities for growth.

By leveraging the insights provided in this report, you will be equipped with a comprehensive understanding of this market landscape, empowering you to make informed decisions, drive innovation, assess competitors, identify market gaps, and strategically position your business for success.

Table of Content: North America Silicon Carbide Wafers Market

  1. Introduction
  2. Market Segmentation
  3. Executive Summary
  4. Premium Insights
  5. Market Overview
  6. North America Silicon Carbide Wafers Market, By Types
  7. North America Silicon Carbide Wafers Market, By Application
  8. North America Silicon Carbide Wafers Market, By End User
  9. North America Silicon Carbide Wafers Market, Company Landscape
  10. SWOT Analysis
  11. Company Profile
  12. Questionnaire
  13. Related Reports

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=north-america-silicon-carbide-wafers-market

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