Rising demand of low power consumption and energy efficient devices will boost the Silicon Carbide Wafer Market
Published Date | 2019 February 25
Need of improved energy- efficiency power devices, LED lighting, and telecommunications will boost the global silicon carbide market in upcoming year. Moreover, Silicon carbide wafer characteristics in electrical devices such as polishing materials include a petroleum base to help the long-lasting lubricant break down into small pieces with sharp edges will play a major in growth of silicon carbide wafer market. Further, government initiatives for renewables power light and awareness among people for more using of LED lights and solar lights and electrification in rural areas will increase Silicon Carbide wafer market. According to BlueWeave Consulting, The global Silicon Carbide Wafer market is expected to grow with a significant rate during the forecast period 2018-2025 owing to increasing demand of low power consumption devices.
4 inch product type of Silicon Carbide Wafer market is projected to be the leading segment of the overall market during the forecast period
On the basis of product type, the Silicon Carbide Wafer Market has been segmented into 2 Inch, 4 Inch 6 Inch and others. 4 Inch wafer dominates the global Silicon Carbide Wafer owing to the increment in demand of LED chips and other renewables power devices. 6 Inch wafer will be the fastest growing product type in silicon wafer market owing to government initiatives for renewables power light and awareness among people about the benefits of uses of LED lights. 6 inch Silicon Carbide wafer market will also shoot up due to increase its uses in Solar lights panels.
Wireless Infrastructure is projected to leading industry for utilizing applications of the Silicon Carbide (SIC) wafer during forecast period
On the basis of application, the global silicon carbide market has been segmental into Power Device, Electronics & Optoelectronics, and wireless Infrastructure. By application type, wireless Infrastructure will lead the market in perspectives of features of silicon carbide wafer like High band gap means to control high temperature power, significantly high thermal conductivity which make telecom towers to run without any transmission fault. Electronics & Optoelectronics industry will grow due to huge demand from across globe for LED lights, increment in demand of solar devices. Moreover, demand of electronics accessories, smartphones etc. all electronics devices will play major role in growth of SIC wafer market. Power devices market will drive by electrification and improvement in power infrastructure across the globe.
North America accounts for lion share of the global Silicon Carbide Wafer market during the anticipated period.
On the basis of region, the Silicon Carbide Wafer market has been segmental into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the world Silicon Carbide Wafer market over the forecast period owing to major demand from electronics durables, improvement in communication and wireless technology. Asia is projected to be the fastest growing market throughout the forecast period due to the increasing penetration in electronics devices in Asian countries especially by South Korea and China.
Global Silicon Carbide Wafer Market Competitive Landscape
Companies, such Cree, Dow Corning, SiCrystal, II-VI Advanced Materials, Nippon Steel & Sumitomo Metal, Norstel, Aymont Technology, TankeBlue, SICC, Hebei Synlight Crystal, CETC are the key players in manufacturing silicon carbide wafer. In terms of product offerings, Cree and Dow Corning are the major players in the market.
The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Global Silicon Carbide Wafer Market size & forecast. The report promises to provide state-of-the-art technology of Silicon Carbide Wafer production and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
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