Jul 8, 2022   SOURCE: BusinessWire

Outlook on the Silicon Carbide Global Market to 2027 - Increasing Application from the Power Electronics and Semiconductor Industry is Driving Growth - ResearchAndMarkets.com

The "Global Silicon Carbide Market (2022-2027) by Product, Application, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Silicon Carbide Market is estimated to be USD 766.32 Bn in 2022 and is projected to reach USD 1395.11 Bn by 2027, growing at a CAGR of 12.73%.

Market dynamics are forces that impact the prices and behaviors of the Global Silicon Carbide Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Silicon Carbide Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The report analyses the Global Silicon Carbide Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Silicon Carbide Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

  • Increasing Application from the Power Electronics and Semiconductor Industry
  • Growing Demand for Small Devices to Enable Size Reduction
  • Rising Demand from the Steel Industry for Various Applications

Restraints

  • Relatively High Cost Attributed to Low Manufacturing Yield and Volume

Opportunities

  • Emerging Demand for Electric Vehicle Across the World

Challenges

  • Availability of Other Substitutes Such as Gallium Nitride

Market Segmentations

The Global Silicon Carbide Market is segmented based on Product, Application, and Geography.

  • By Product, the market is classified into Black Silicon Carbide and Green Silicon Carbide.
  • By Application, the market is classified into Aerospace & Aviation, Chemical, Consumer Electronic, Medical & Healthcare, Military & Defense, and Steel & Energy.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Companies Mentioned

  • Agsco
  • CUMI EMD
  • EETech Media
  • Entegris
  • Fuji Electric
  • General Electric Company
  • GeneSiC Semiconductor
  • II-VI
  • Infineon Technologies AG
  • Microchip Technology
  • Renesas Electronics
  • ROHM
  • Saint-Gobain Ceramic Materials
  • SEMIKRON International
  • STMicroelectronics
  • The Dow Chemical Company
  • Toshiba
  • Versum Materials
  • Wolfspeed
  • Xiamen Powerway Advanced Material

For more information about this report visit https://www.researchandmarkets.com/r/5ilv0y