Lucintel Forecasts Silicon Carbide in the Global High Voltage Application Market to Grow at a CAGR of 23%-26% from 2022 to 2027

According to the recent study the silicon carbide in the global high voltage application market is projected to grow at a CAGR of 23%-26% from 2022 to 2027. Growth in this market is primarily driven by the growing adoption for hybrid and battery electric vehicle, increasing demand in power electronics, and superior properties of silicon carbide.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in silicon carbide in the global high voltage application market by device type (SiC diode, SIC MOSFET, and SiC module), application (EV motor drives, EV charging stations, and power transmissions (FACTS and HVDC)), wafer size (2 inch, 4 inch, and 6 inch and above), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“EV motor drive market is expected to remain the highest growing segment during the forecast period.”

Based on application, the silicon carbide in the global high voltage application market is segmented into EV motor drives, EV charging stations, and power transmissions (FACTS and HVDC). Lucintel forecasts that the EV motor drives market is expected to remain the highest growing segment due to increasing production of electric vehicles as the rising fuel prices and government initiatives to reduce environmental pollution are driving the demand for silicon carbide in the high voltage application market.

“Asia pacific will dominate the silicon carbide in the global high voltage application market in near future.”

Asia Pacific is expected to be the highest CAGR region over the forecast period due to the present of large semiconductor companies and several government initiatives of countries in APAC to increase the usage of electric vehicles.

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Major players of Silicon carbide in the global high voltage application market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market.  Infineon Technologies, Cree, ROHM, STMicroelectronics, Fuji Electric, ON Semiconductor, General Electric, Toshiba Corporation, Renesas Electronics, and Microchip Technology are among the major silicon carbide in the global high voltage application providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/silicon-carbide-in-the-global-high-voltage-application-market.aspx  or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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