Global SiC Module In-Depth Monitoring and Development Analysis Report 2023

Length- 111 Pages | Published Date - 2023-04-19 | Report Id- 1792
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In terms of market side, this report researches the SiC Module revenue, growth rate, market share by manufacturers, by type, by application and by region (region level and country level), from 2018 to 2023, and forecast to 2029.

This report aims to provide a comprehensive presentation of the global market for SiC Module, with and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding SiC Module.

Within the research scope of this report, it shows that the global SiC Module market had a market size of about 312.18 Million USD in 2022, growing at a CAGR of 32.31% during 2023-2029 to 2216.23 Million USD in 2029.

MARKET COMPETITIVE LANDSCAPE:
Major players in this market include STMicroelectronics, Infineon Technologies AG, Cree Inc (Wolfspeed), Rohm Semiconductor & more, On Semiconductor, and etc.
---The combined market share of the Top 3 players in the global SiC Module market is about 57.78%.

REGION SHARE:
The report covers the market size information of major Regions/Countries around the world, including NA/United States, EU/Germany, APAC/China, LA/SA, MEA and etc.
---In the geographical distribution of SiC Module market in 2022, the China has the largest market size and its market share is about 38.92%, followed by North America and its market share is about 26.91%.

SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Full SiC Module, Hybrid SiC Module, etc. Application segment includes Industrial Drives, Consumer Electronic, etc.
---Hybrid SiC Module contributes approximately 87.33% share to the market in 2022.
---Automotive contributes approximately 58.78% share to the market in 2022.

Report Includes:
This report presents an overview of global market for SiC Module. Analyses of the global market trends, with historic market revenue data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.
This report researches the key players of SiC Module, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for SiC Module, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the SiC Module market share and industry ranking of main players, data from 2018 to 2023. Identification of the major stakeholders in the global SiC Module market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, from 2018 to 2029. Evaluation and forecast the market size for SiC Module sales, projected growth trends, technology, application and end-user industry.
Increasing Demand: The demand for SiC modules was rising across various industries such as automotive, industrial, power electronics, and renewable energy. This growth was primarily driven by the need for more efficient and high-performance power electronic devices.

Automotive Sector: SiC modules were gaining traction in the automotive industry due to their ability to handle high-temperature and high-voltage applications. They were being adopted in electric vehicles (EVs) and hybrid electric vehicles (HEVs) to enhance powertrain efficiency, increase driving range, and reduce charging times.

Power Electronics and Industrial Applications: SiC modules were being widely used in power electronics applications such as motor drives, renewable energy systems (solar and wind), and grid infrastructure. The ability of SiC modules to operate at higher temperatures and voltages compared to traditional silicon-based devices made them ideal for demanding industrial environments.

Efficiency and Performance Improvements: SiC modules offered lower switching losses, faster switching speeds, and reduced power dissipation compared to silicon-based devices. These characteristics led to increased system efficiency, improved power density, and reduced cooling requirements, making them attractive to various industries.

Cost Reduction: While SiC modules have historically been more expensive than traditional silicon-based devices, the prices have been gradually decreasing as manufacturing processes improve and economies of scale are achieved. This cost reduction has been instrumental in driving wider adoption across different sectors.

Highlights-Regions
North America
United States
Canada

Asia Pacific
China
Japan
Korea
Southeast Asia
India
Australia

Europe
Germany
France
UK
Italy
Russia
Spain
Nordic

South America
Brazil
Argentina
Colombia
Mexico

Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Player list
STMicroelectronics
Infineon Technologies AG
Cree Inc (Wolfspeed)
Rohm Semiconductor & more
On Semiconductor
Mitsubishi Electric
Littelfuse
Fuji Electric Co Ltd
Renesas Electronics Corporation
Genesic Semiconductor Inc
General Electric
Microsemi Corporation
Central Semiconductor Corporation
Powerex
Global Power Technologies Group
Others

Types list
Full SiC Module
Hybrid SiC Module

Application list
Industrial Drives
Consumer Electronic
Automotive
Renewable
Traction
Others

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