Latest industry research report on Silicon Carbide Power Semiconductors Market . Silicon carbide (SiC) is an advance material used for power semiconductors, formed by combining silicon and carbide. Silicon carbide semiconductors are used for various power electronic components such as diodes, transistors, switches, and rectifiers.
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The SiC power semiconductors market is driven by the increasing demand for advanced ICs operating at high temperature and voltage, and the booming electronics industry. Developing countries such as China, Taiwan, and India fuel the market growth owing to the growing electronics industry, power sector, and automotive industry.
One of the major restraints associated with this market is the huge initial capital investment required for the setup of manufacturing facilities. However, increasing demand of SiC-based photovoltaic cells in developing countries, such as China, Brazil, and India, is expected to create numerous opportunities for growth. In addition, rise in government investment and increase in application of solar power in various fields is expected to propel the market growth further.
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SILICON CARBIDE POWER SEMICONDUCTORS SEGMENTATION
By Power Module
By Industry Vertical
Key Market Players
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