Silicon Carbide Market

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Silicon Carbide Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Silicon Carbide Market Segments
The Business Research Company segments its
Silicon Carbide market report as
Black Silicon Carbide, Green Silicon Carbide
By Product
By Device Type
SiC Discrete Device, SiC Bare Die
Steel, Automotive, Aerospace, Military and
Defense, Electrical and Electronics, Healthcare,
Other Applications
By Application
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Silicon Carbide Market Statistics
The global silicon carbide market size grew from
1.95 billion in 2022 to 2.31 billion in 2023 at
a compound annual growth rate (CAGR) of 18.6.
The silicon carbide market size is expected to
grow to 4.14 billion in 2027 at a CAGR of 15.6.
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Key Market Drivers And Trends
Drivers
Emerging demand for electric vehicles is
significantly driving the growth of the silicon
carbide market.
Trends
Strategic partnerships and collaboration are
shaping the silicon carbide market.
Region
Asia-Pacific was the largest region in the
control valve market. The regions covered in the
global control valve market report are
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East and
Africa.
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Key Market Players

• Major players in the Silicon Carbide market are
• Infineon Technologies
• Wolfspeed Inc.
• Rohm
• ESK-SiC GmbH
• ESD-SIC BV
• And more.

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