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At a projected CAGR of 36% from 2023 to 2030, the global SiC-based power electronics and inverter market is anticipated to reach USD 5800 million.
Additionally, the global SiC-based power electronics and inverter manufacturing industry has been significantly impacted by the COVID-19 epidemic. Aside from labour issues, the drop in the production and exports of SiC-based power electronics and inverters in nations like China, Germany, the United States, Japan, and South Korea has severely reduced global market revenues in 2020.
SiC-based power electronics and inverter converters are more compact, lighter, and efficient than Si IGBT-based counterparts and are capable of converting DC current from the battery side into AC required from the motor side. Power electronics and inverters based on SiC are mostly used in wireless communications and connected technologies like the Internet of Things (IoT). The market for end-use applications such as SiC super junction (SJ) MOSFET, IGBT (Insulated Gate Bipolar Transistor), BJT (Bipolar Junction Transistor), and thyristor, among others, has grown as a result of the increasing adoption of artificial intelligence (AI), automation, and machine learning (ML) throughout the world. Additionally, SiC-based power electronics and inverter-based products have increased connectivity for automation, security, transportation, energy management, and other applications in industries such as automotive, consumer electronics, industrial, telecom, and aerospace & defence. As a result, it is projected that these applications will enhance chances for global market growth.
This study classifies the global SiC-based power electronics and inverter market into a number of geographies and market segments, projects revenue growth, and examines market trends for each submarket. The research examines the major market trends, growth prospects, and obstacles affecting SiC-based power electronics and inverters. The competitive landscape in the market has been depicted by including recent market developments and competitive tactics including growth, product launch and development, partnerships, mergers, and acquisitions. The SiC-based power electronics and inverter market's top players are strategically identified, profiled, and their core capabilities are examined in the report.
Driving Factors
Size, weight, and affordability are always the three key "driving factors" for the development of SiC-based power electronics and inverters. Due to the push towards electrification, more extensive transport applications, such as those for trucks and buses, maritime and shipping, further electrification of trains, and even aeroplanes, will soon be in view. The significant changes made in the creation and implementation of rules as well as general governmental authorities are projected to have a positive impact on this expansion.
Restraining Factors
SiC-based power electronics and inverters need sophisticated architecture, manufacture, and application because they are used in several applications. Additionally, depending on the level of customization, manufacturers may run into issues with standard installation and software procedures. This significantly limits the market for SiC-based power electronics and inverters.
Report Coverage
Global SiC Based Power Electronics and Inverter research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global SiC Based Power Electronics and Inverter report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and SiC Based Power Electronics and Inverter competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key SiC Based Power Electronics and Inverter market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global SiC Based Power Electronics and Inverter market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, SiC Based Power Electronics and Inverter market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ON Semiconductor, Intel Corporation, ON Semiconductor, Panasonic Corporation, Methode Electronics Inc., Fuji Electric Co. Ltd., ELAN Electronics, TE Connectivity Ltd., Samsung Semiconductors, Seiko Epson Corporation, Cree, Texas Instruments Incorporated, Semikron Electronics GmbH and Co. Inc., Zhengzhou Yutong Group Co., Ltd., Renesas Electronics Corporation, ROHM Co., Ltd., ABB Group, Infineon Technologies AG, STMicroelectronics, Nuvoton Technology Corporation, Maxim Integrated Products Inc., StarPower Semiconductor
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global SiC Based Power Electronics and Inverter market based on the below-mentioned segments:
Global SiC Based Power Electronics and Inverter Market, By Type
Global SiC Based Power Electronics and Inverter Market, By End User
Global SiC Based Power Electronics and Inverter market, Regional Analysis
Additionally, the global SiC-based power electronics and inverter manufacturing industry has been significantly impacted by the COVID-19 epidemic. Aside from labour issues, the drop in the production and exports of SiC-based power electronics and inverters in nations like China, Germany, the United States, Japan, and South Korea has severely reduced global market revenues in 2020.
SiC-based power electronics and inverter converters are more compact, lighter, and efficient than Si IGBT-based counterparts and are capable of converting DC current from the battery side into AC required from the motor side. Power electronics and inverters based on SiC are mostly used in wireless communications and connected technologies like the Internet of Things (IoT). The market for end-use applications such as SiC super junction (SJ) MOSFET, IGBT (Insulated Gate Bipolar Transistor), BJT (Bipolar Junction Transistor), and thyristor, among others, has grown as a result of the increasing adoption of artificial intelligence (AI), automation, and machine learning (ML) throughout the world. Additionally, SiC-based power electronics and inverter-based products have increased connectivity for automation, security, transportation, energy management, and other applications in industries such as automotive, consumer electronics, industrial, telecom, and aerospace & defence. As a result, it is projected that these applications will enhance chances for global market growth.
This study classifies the global SiC-based power electronics and inverter market into a number of geographies and market segments, projects revenue growth, and examines market trends for each submarket. The research examines the major market trends, growth prospects, and obstacles affecting SiC-based power electronics and inverters. The competitive landscape in the market has been depicted by including recent market developments and competitive tactics including growth, product launch and development, partnerships, mergers, and acquisitions. The SiC-based power electronics and inverter market's top players are strategically identified, profiled, and their core capabilities are examined in the report.
Driving Factors
Size, weight, and affordability are always the three key "driving factors" for the development of SiC-based power electronics and inverters. Due to the push towards electrification, more extensive transport applications, such as those for trucks and buses, maritime and shipping, further electrification of trains, and even aeroplanes, will soon be in view. The significant changes made in the creation and implementation of rules as well as general governmental authorities are projected to have a positive impact on this expansion.
Restraining Factors
SiC-based power electronics and inverters need sophisticated architecture, manufacture, and application because they are used in several applications. Additionally, depending on the level of customization, manufacturers may run into issues with standard installation and software procedures. This significantly limits the market for SiC-based power electronics and inverters.
Report Coverage
Global SiC Based Power Electronics and Inverter research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global SiC Based Power Electronics and Inverter report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and SiC Based Power Electronics and Inverter competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key SiC Based Power Electronics and Inverter market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ON Semiconductor, Intel Corporation, ON Semiconductor, Panasonic Corporation, Methode Electronics Inc., Fuji Electric Co. Ltd., ELAN Electronics, TE Connectivity Ltd., Samsung Semiconductors, Seiko Epson Corporation, Cree, Texas Instruments Incorporated, Semikron Electronics GmbH and Co. Inc., Zhengzhou Yutong Group Co., Ltd., Renesas Electronics Corporation, ROHM Co., Ltd., ABB Group, Infineon Technologies AG, STMicroelectronics, Nuvoton Technology Corporation, Maxim Integrated Products Inc., StarPower Semiconductor |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of SiC Based Power Electronics and Inverter Market from 2021 to 2030.
- Market Forecast for SiC Based Power Electronics and Inverter Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, SiC Based Power Electronics and Inverter competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on SiC Based Power Electronics and Inverter
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global SiC Based Power Electronics and Inverter market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, SiC Based Power Electronics and Inverter market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ON Semiconductor, Intel Corporation, ON Semiconductor, Panasonic Corporation, Methode Electronics Inc., Fuji Electric Co. Ltd., ELAN Electronics, TE Connectivity Ltd., Samsung Semiconductors, Seiko Epson Corporation, Cree, Texas Instruments Incorporated, Semikron Electronics GmbH and Co. Inc., Zhengzhou Yutong Group Co., Ltd., Renesas Electronics Corporation, ROHM Co., Ltd., ABB Group, Infineon Technologies AG, STMicroelectronics, Nuvoton Technology Corporation, Maxim Integrated Products Inc., StarPower Semiconductor
Primary Target Market
- Market Players of SiC Based Power Electronics and Inverter
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global SiC Based Power Electronics and Inverter market based on the below-mentioned segments:
Global SiC Based Power Electronics and Inverter Market, By Type
- Power Electronics
- Inverter
Global SiC Based Power Electronics and Inverter Market, By End User
- Automotive
- Consumer Electronics
- Industrial
- Healthcare
- Telecom
- Aerospace & Defence
Global SiC Based Power Electronics and Inverter market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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