India Silicon Carbide (SiC) Market Landscape: Scope, Valuation, Trends, Outlook, and Sector Overview

Executive Summary India Silicon Carbide (SiC) Market :

Data Bridge Market Research analyses that the India silicon carbide (SiC) market which was USD 41,356.70 thousand in 2023, is expected to reach USD 93,942.90 thousand by 2031, growing at a CAGR of 10.8% during the forecast period of 2024 to 2031.

This India Silicon Carbide (SiC) Market report is designed with the scrupulous market analysis carried out by a team of industry experts, dynamic analysts, skilful forecasters and well-informed researchers. And not to mention, the report is amazingly characterized by using several charts, graphs and tables depending on the extent of data and information involved. What is more, influencing factors such as market drivers, market restraints and competitive analysis is studied with the SWOT analysis which is the most established tool when it comes to generate market research report. Businesses can achieve complete knowhow of general market conditions and tendencies with the information and data covered in this India Silicon Carbide (SiC) Market report.

India Silicon Carbide (SiC) Market report comprises of all the crucial market parameters and hence it can be used for your business. Furthermore, complete company profiles covered in this report also explains what recent developments, product launches, joint ventures, mergers and acquisitions are taking place by the numerous key players and brands in the market. The India Silicon Carbide (SiC) Market report is provided with the transparent research studies which have taken place by a team work of experts in their own domain. This market report also endows with company profiles and contact information of the key market players in the manufacturer’s section.

Discover the latest trends, growth opportunities, and strategic insights in our comprehensive India Silicon Carbide (SiC) Market report. Download Full Report: https://www.databridgemarketresearch.com/reports/india-silicon-carbide-market

India Silicon Carbide (SiC) Market Overview

• Segments*
• By Device: Based on the device, the India Silicon Carbide (SiC) market can be segmented into SIC discrete devices and SiC bare die.
• By Wafer Size: The market can be categorized into 4-inch, 6-inch, and 2-inch wafers.
• By Application: On the basis of application, the market can be divided into RF devices & cellular base station, power grid devices, flexible AC transmission systems (FACTS), high-voltage direct current (HVDC) transmission systems, power supply & inverter, lighting control systems and industrial motor drive.

The India Silicon Carbide (SiC) market is primarily driven by the increasing demand for SiC devices in power supply applications due to their high efficiency and low power consumption. The growing adoption of SiC in renewable energy applications such as solar and wind power generation is also fueling market growth. Moreover, the rising focus on electric vehicles and the development of charging infrastructure is further boosting the demand for SiC devices. Additionally, the superior properties of SiC such as high thermal conductivity, high breakdown voltage, and low power loss make it an ideal choice for various industrial applications.

• Market Players*
• Infineon Technologies AG: Infineon Technologies is a leading player in the India Silicon Carbide (SiC) market with a strong focus on providing innovative SiC solutions for various applications.
• ON Semiconductor: ON Semiconductor is another key player offering a wide range of SiC products including SiC MOSFETs and diodes catering to the growing demand in the Indian market.
• STMicroelectronics: STMicroelectronics is a prominent player known for its high-quality SiC devices used in power electronics applications.
• ROHM Semiconductor: ROHM Semiconductor is a well-established player offering a diverse portfolio of SiC power modules and devices for different industrial sectors.
• Cree, Inc.: Cree is a global leader in SiC technology, known for its advanced SiC materials and devices that are widely used in automotive and industrial applications.

In conclusion, the India Silicon Carbide (SiC) market is witnessing significant growth fueled by the increasing demand for SiC devices in power supply, renewable energy, and electric vehicle applications. With key players such as Infineon Technologies AG, ON Semiconductor, and STMicroelectronics leading the market with innovative SiC solutions, the future looks promising for the SiC market in India.