The market for SiC power semiconductor is projected to cross the USD 1,359 Mn and expand at a noteworthy CAGR of 26.3% over the forecast period of 2017-2023, reveals Market Research Future (MRFR) in a detailed study. The global SiC power semiconductor market was valued at USD 345.2 Mn in 2017.
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Desirable features of SiC power devices such as higher critical electrical field, higher thermal conductivity, higher operating temperature, and higher current density allows SiC power devices to handle much power density as compared to traditional silicon counterparts. Major semiconductor companies have turned to the use of SiC as an ideal alternative which has spurred the growth of the global SiC power semiconductor market.
Rise in a number of energy efficiency projects to cater to the augmenting energy problems across the globe has induced high demand for SiC power semiconductors. The governments in multiple countries, especially in developing countries where energy crisis is an area of huge concern. SiC power devices exhibit advanced properties as compared to silicon and are utilized in solar power generation. SiC power semiconductors eliminate various issues associated with material limitations of silicon.
Enhanced power handling capacity, high thermal conductivity, and lower conduction loss properties of SiC power semiconductors have led to the expansion of the application range of these devices across various industry verticals which incites substantial growth in the global SiC power semiconductor market.
Being a relatively new technology, SiC power semiconductor market is met by certain challenges which are yet to be addressed. High cost of fabrication, expensive and bulky packaging, and complexities associated with the design and lack of expertise for the same are few impediments to the growth of the global SiC power semiconductor market.
Availability of gallium-nitride (GaN)-based power semiconductors as a substitute to SiC power semiconductors is expected to limit the growth of the global SiC power semiconductor market over the forecast period. Meanwhile, the introduction of 5G mobile communications is expected to create ample growth opportunities over the forecast period.
Segmentation
The global SiC power semiconductor market has been segmented based on device, wafer size, application, and end user.
By device, the global SiC power semiconductor market has been segmented into SiC discrete devices and SiC bare die devices. The SiC discrete devices segment has been further segmented into MOSFET, diode, and module.
By wafer size, the global SiC power semiconductor market has been segmented into 2-inch, 4-inch, and 6-inch and above.
By application, the global SiC power semiconductor market has been segmented into RF devices & cellular base stations, power supply & inverter, power grids, EV motors, industrial motor drives, railway traction, and others.
By end user, the global SiC power semiconductor market has been segmented into telecommunication, energy & power, automotive, industrial, electronics, and others.
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Regional Outlook
North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW) are the key markets for SiC power semiconductor.
APAC is the largest market for SiC power and is expected to dominate the global market throughout the forecast period. Expansion of 4G and LTE network has resulted in the proliferation of RF and cellular base station in the region. The rise in a number of energy efficiency projects coupled with government initiatives to develop solar power in the region acts as a plus for the growth of the market. In addition, the region has attracted massive investments from major players which fosters market growth.
Europe is a significant market driven by a thriving automotive industry in the region. The automotive industry generates substantial demand for SiC semiconductors since they allow for overall cost reduction.
North America market accounts for a 25% share of the global market. Presence of significant silicon carbide manufacturers and high investment on R&D activities drives the market in North America.
Competitive Analysis
Mitsubishi Electric Corporation, STMicroelectronics NV, Cree Inc., ON Semiconductor, Infineon Technologies AG, and others are the eminent players in the global SiC power semiconductor market. The global SiC power semiconductor market is highly competitive where the growth of the vendors majorly depends on conditions such as government support, and industry development. In a bid to gain a competitive edge over the market, the market participants are focusing on R&D and expansion of product line to provide energy efficient and cost-effective components.
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Integrated Systems Market AnalysisThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Integrated Systems Market Analysis.
Also, the rise in applications that require combining the communication between hardware and software which is pre-installed, is estimated to boost the growth of the integrated systems market in the upcoming period.Segmental AnalysisThe segmental overview of the integrated systems market can be conducted on the basis of service, product, end-use, and region.
On the basis of the services, the integrated systems market is segmented into managed and professional services.
On the basis of the end-users, the integrated systems market is segmented into telecom, healthcare, retail, BFSI, manufacturing, and many more.
The North American region controls a key market segment for the integrated systems market and is expected to develop at a momentous rate over the forecast period.
The incidence of key market companies and the highly developed nature of the region is driving the market in the region.
Mar 08, 2021: Market Slingshot:The global Personal and Entry Level Storage (PELS) Market is expected to grow by leaps and bounds in the years to come.
This factor is expected to keep the cash registers ringing.Market Scope:It is a known fact that digital era calls for storing and managing information.
An increasing usage of online gaming, and internet media has created an unparalleled demand for storage architectures across the globe.
The mid- and small-sized organizations are into adoption of diverse types of data storage architectures like cloud-based storage, NAS (network attached storage), and DAS (direct attached storage).
However, cloud storage is expected to take the market by storm in the next 5-7 years as it proves to be cost-effective in terms of equipment.Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/personal-entry-level-storage-pels-market/request-sampleMarket Segmentation:The personal and entry level storage market is segmented based on product/service, data storage technology, industry verticals, and geography.
By product/service, the personal & entry level storage market spans cloud-based storage and non-cloud based storage (SSD (Solid State Drives), HDD (Hard Disk Drives), flash drives, and recordable discs).
The global Personal and Entry Level Storage (PELS) Market is expected to grow by leaps and bounds in the years to come.
This factor is expected to keep the cash registers ringing.
The mid- and small-sized organizations are into adoption of diverse types of data storage architectures like cloud-based storage, NAS (network attached storage), and DAS (direct attached storage).
However, cloud storage is expected to take the market by storm in the next 5-7 years as it proves to be cost-effective in terms of equipment.
Market Segmentation: The personal and entry level storage market is segmented based on product/service, data storage technology, industry verticals, and geography.
By product/service, the personal & entry level storage market spans cloud-based storage and non-cloud based storage (SSD (Solid State Drives), HDD (Hard Disk Drives), flash drives, and recordable discs).
Market SynopsisThe global coffee market size is projected to garner USD 102,279.2 million during the forecast period (2018-2023).
A beverage with widespread consumption in the world, coffee has been through several changes and innovation over the past years.
Coffee is prepared by brewing processed or roasted coffee seeds.
Asia Pacific is considered to account for the maximum proportion in this segment.
Among these, the ground form is expected to demonstrate 4.45% CAGR and is likely to garner USD 63,644.5 million during the review period.
The whole form, on the other hand is likely to project 4.12% CAGR and is estimated to touch USD 38,634.7 million by 2023.Regional InsightsGeographically, the coffee market size span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World.Among all the regions, the North American region is predicted to demonstrate 23.88% CAGR during the review period and is likely to garner USD 24,277.8 million.
Market SynopsisThe global coffee market is projected to garner USD 102,279.2 million during the forecast period (2018-2023).
A beverage with widespread consumption in the world, coffee has been through several changes and innovation over the past years.
Coffee is prepared by brewing processed or roasted coffee seeds.
Regions like North America holds a huge market share where around 71% of the total population consumes coffee on a daily basis.On the flip side, fluctuating prices of coffee beans are likely to impact the market growth adversely.
The climatic change affects the productivity can also act as a growth deterrent.Competitive DashboardThe major players operating the global coffee market are Tchibo Coffee International Ltd. (U.K.), Tata Global Beverages Ltd. (India), Nestlé S.A. (Switzerland), The Coca Cola Company (U.S.), Strauss Group Ltd. (Israel), The Kraft Heinz Company (U.S.), Jacobs Douwe Egberts (The Netherlands), Starbucks Corporation (U.S.), The J.M.
Asia Pacific is considered to account for the maximum proportion in this segment.
