Silicon Carbide (SiC) Diodes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

Silicon Carbide (SiC) Diodes: Introduction

• SiC (Silicon Carbide) is a semiconductor material made of a combination of silicon and carbon.
• SiC has several characteristics such as higher breakdown electric field strength, lower thermal expansion, wider bandgap, and high resistance to chemical reaction.
• Silicon carbide (SiC) diodes find extensive application in power grid devices, flexible AC transmission systems, high-voltage, direct current systems, power supplies and inverters, RF devices & cellular base stations, lighting control systems, electronic combat systems, EV motors, wind turbines, solar power systems, and others.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Rise in Demand from Electric Vehicles

• The electric vehicle segment is likely to be the fastest growing segment and is expected to hold a dominant share of the global silicon carbide (SiC) diodes market during the forecast period.
• The increasing use of silicon carbide-based diodes in industrial and commercial motor drives, electro-mechanical computing systems, and its high-temperature capabilities boosts the demand for silicon carbide (SiC) diodes in electric vehicles.
• Silicon carbide (SiC) diodes are a rapidly emerging semiconductor material that enables power devices to operate at high switching frequencies with lower losses and temperature. This also propels its demand in electric vehicles.
• In February 2020, Infineon Technologies AG launched CoolSiC MOSFETs with 650 V. The company aims to meet the growing demand for energy efficiency, power density, and robustness in a wide range of applications.
• Some of the restraints of the silicon carbide (SiC) diodes market are declining demand from end-users, shortage of raw materials, and disruptions in the supply chain due to COVID-19.

For Right Perspective & Competitive Insights on this report, Request for a Sample

Asia Pacific to Lead the Silicon Carbide (SiC) Diodes Market

• In terms of region, the global silicon carbide (SiC) diodes market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• Asia Pacific is expected to witness the fastest growth in the silicon carbide (SiC) diodes market during the forecast period due to increasing demand from countries such as Japan, China, Taiwan, South Korea, and India.
• Asia Pacific is the largest producer and consumer of consumer electronics due to which demand for silicon carbide (SiC) diodes is rapidly increasing in the APAC region.
• Furthermore, the region is a significant automotive and EV market. China is the largest market for electric vehicles, which also propels the growth of the silicon carbide (SiC) diodes market.
• The market in North America and Europe is expected to expand at a substantial rate during the forecast period due to the rising demand for silicon carbide (SiC) diodes due to initiatives taken by several governments in the regions to promote the use of electric vehicles.
• On the other hand, the silicon carbide (SiC) diodes market in Middle East & Africa, and South America is estimated to expand at a moderate pace during the forecast period.

Key Players Operating in the Global Silicon Carbide (SiC) Diodes Market

Key players operating in the global silicon carbide (SiC) diodes market are focusing on technological advancements and expansion to meet the rising demand for silicon carbide (SiC) diodes. Moreover, key market players are emphasizing on strategic initiatives to enhance business and establish their manufacturing facilities.

Key players operating in the global silicon carbide (SiC) diodes market include:

• Infineon Technologies AG
• CREE, INC.
• ROHM Co., Ltd.
• STMicroelectronics N.V.
• Fuji Electric Co., Ltd.
• ON Semiconductor Corporation
• Renesas Electronics Corporation
• UnitedSiC
• GeneSiC Semiconductor Inc.
• Ascatron
• Panasonic Corporation
• SEMIKRON
• Microchip Technology Incorporated
• TT Electronics Plc
• Toshiba Corporation

Global Silicon Carbide (SiC) Diodes Market: Research Scope

Global Silicon Carbide (SiC) Diodes Market, by Type

• Single Diode
• Dual Diode

Global Silicon Carbide (SiC) Diodes Market, by Application

• Solar Inverters
• Motor Drives
• Uninterruptible Power Supplies (UPS)
• Electric Vehicle (EV)
• Others

Global Silicon Carbide (SiC) Diodes Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Mexico
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

• North America
• Asia Pacific
• Europe
• Latin America
• The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.