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(Wireless-NewsWire.Com, September 25, 2018 ) The “Global Silicon Carbide Semiconductor Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as STMicroelectronics, Infineon Technologies, Microsemi, ROHM Semiconductor, Fuji Electric, Mitsubishi Electric Corporation, Hitachi Power Semiconductor Device Ltd, GeneSiC Semiconductor Inc, Semikron, Wolfspeed, Global Power Technologies Group and TT Electronics. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
At Verified Market Intelligence, we provide a market study that encompasses both qualitative and quantitative assessments of the latest trends for the market segmentations classified by our analysts. According to Verified Market Intelligence, the Global Silicon Carbide Semiconductor Market was valued at USD 290.2 million in 2017 and is projected to reach USD 1,015.4 million by 2025, growing at a CAGR of 16.9% from 2018 to 2025.
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With the growing semiconductor industry, the introduction of silicone carbide semiconductors is booming the consumer electronics market. It has a set of wide variety of applications in industrial, medical, defense & aerospace and communication industries. Silicon carbide semiconductors also are known as carborundum is an extremely rare mineral moissanite. On the basis of product, the Global Silicon Carbide Semiconductor Market is segmented into SiC MOSFET, SIC Schottky Diode, and SiC Hybrid Modules.
Growing demand for renewable energy applications and its uses in hybrid vehicles has been driving the global silicon carbide semiconductor market. Apart from this, issues in packaging silicon carbide semiconductor devices might hamper the overall growth rate of the market in a global status.
As a part of market estimation, the study also comprises a list of tables and figures for the “Global Silicon Carbide Semiconductor Market” which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of type, industry application and geography.
On the basis of type, the Global Silicon Carbide Semiconductor Market can be categorized into two sections; product and application. This market study analyses the industry Global Silicon Carbide Semiconductor Market based on these divisions. The Silicon Carbide Semiconductor products are divided into SiC MOSFET, SiC Schottky Diode, SiC Hybrid Modules and others. The industry is then sectioned by an application which includes industrial, medical, aerospace and defense, communication and others. In terms of geography, Asia Pacific accounts for the fastest growing market due to the presence of numerous developing countries in this region along with their emerging markets. The Chinese market has a major share in this region.
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