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(Wireless-NewsWire.Com, October 31, 2018 ) 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.
What is Silicon Carbide Semiconductor?
With 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 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. Increasing demand for power electronics boosts the growth of silicon carbide semiconductor market.
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Global Silicon Carbide Semiconductor Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Growing demand in 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 at a global status.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Silicon Carbide Semiconductor Market” is mainly bifurcated into sub-segments which can provide a classified data regarding the latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Silicon Carbide Semiconductor Market Competitive Landscape
The “Global Silicon Carbide Semiconductor Market” study report will provide a valuable insight with an emphasis on 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 for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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