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Description
Silicon Carbide Market size valued at US$ 3.65 billion in 2021 and expected to reach USD 12.12 billion by 2028, at a CAGR of 16.2% during the forecast period 2022-2028. Growing demand for energy-efficient battery-powered portable devices, rising application of SIC devices in RF and cellular base station, increasing demand for motor drives is lining SIC-based devices and upsurge in the demand for consumer electronics & wireless communications are some key factors fueling the market growth. However, factors such as availability of the substitute products like gallium nitride (GaN) and high costs are hampering the market growth. Silicon carbide is employed in white gap semiconductor materials that are widely used at high temperatures or voltages in semiconductor electronic devices. The two conditions are sometimes mixed. Silicon Carbide Market is also known as carborundum. The chemical is made composed of silica and carbon. It is one of the hardest materials since it has a lower switching frequency and a significantly greater power rating than silicon. Silicon carbide has the potential to be utilised in high-power switching applications when the environmental conditions are harsh. Silicon carbide producers have only a few causes and properties that have pushed it to be utilised, despite the fact that it is a highly acceptable and difficult compound.
