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.
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.
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
- GeneSiC Semiconductor Inc.
- Panasonic Corporation
- Microchip Technology Incorporated
- TT Electronics Plc
- Toshiba Corporation
Global Silicon Carbide (SiC) Diodes Market: Research Scope
Global Silicon Carbide (SiC) Diodes Market, by Type
Global Silicon Carbide (SiC) Diodes Market, by Application
- Solar Inverters
- Motor Drives
- Uninterruptible Power Supplies (UPS)
- Electric Vehicle (EV)
Global Silicon Carbide (SiC) Diodes Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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