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Thursday, February 10, 2022

Lucintel Forecasts Silicon Carbide (SiC) Power Devices Market to Grow at a CAGR of 18%-20%

According to the recent study the silicon carbide (SiC) power devices market is projected to grow at a CAGR of 18%-20% from 2020 to 2025. Growth in this market is primarily driven by increasing focus on adopting renewable energy sources, and the development of smart grids.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in silicon carbide (SiC) power devices market by product type (diodes, modules, and transistors), application (UPS and PS, PV inverters, IMDS, EV/HEVs, and others), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW)).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/silicon-carbide-power-devices-market.aspx

“Electric vehicle market is expected to remain the highest segment during the forecast period.”     

Based on application, the silicon carbide (SiC) power devices market is segmented into UPS and PS, PV inverters, IMDS, EV/HEVs, and others. Lucintel forecasts that the electric vehicle market is expected to remain the highest segment during the forecast period due to an increasing production of electric vehicles.    

“Asia Pacific will dominate the silicon carbide (SiC) power devices market in near future.”

Asia Pacific is expected to be the largest region over the forecast period due to the increasing sales of electric and hybrid electric vehicles in China, Japan, South Korea, and India.

Download Brochure of this report by clicking on https://www.lucintel.com/silicon-carbide-power-devices-market.aspx

Major players of silicon carbide (SiC) power devices 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. Cree Inc., Fuji Electric Co. Ltd., Infineon Technologies AG, Littelfuse Inc., Mitsubishi Electric Corp., ON Semiconductor, Renesas Electronics Corp., and ROHM Co. Ltd are among the major silicon carbide (SiC) power devices 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-power-devices-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email:
brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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