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Europe Silicon Carbide Semiconductor Devices Market Report 2023: Sector to Grow at 20% Annually Through 2028
Dublin, March 10, 2023 (GLOBE NEWSWIRE) -- The "Europe Silicon Carbide Semiconductor Devices Market Size, Share & Industry Trends Analysis Report By Product, By End Use, By Wafer Size, By Component, By Country and Growth Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The Europe Silicon Carbide Semiconductor Devices Market would witness market growth of 20.0% CAGR during the forecast period (2022-2028).
Silicon is said to have reached its limits when it comes to functioning at greater temperatures, voltages, and frequencies. Devices made of silicon carbide offer higher frequency, voltage, and temperature thresholds than silicon-based ones. The advancements in materials like gallium nitride (GaN) and silicon carbide (SiC) have drawn more attention.
Many types of converters, inverters, power supplies, battery chargers, and motor control systems use SiC semiconductor devices. Silicon carbide semiconductor devices are highly adapted to meet the rising need for electrification and sustainability because of their material characteristics.
Due to its material characteristics, SiC has been suggested as a silicon alternative, and these benefits promote its use in power electronics. Electric vehicles (EVs) battery chargers, DC-DC converters, on-board chargers, hybrid EV powertrains, wind turbines, photovoltaic inverters, MRI & X-ray power supplies, air conditioning, integrated vehicle systems, and auxiliary power suppliers are some significant applications of SiC semiconductors.
Europe, which includes numerous nations that excel in the automobile sector, is one of the world's top producers of automobiles. Moreover, the automobile industry is one of the region's most significant industries, particularly in Italy. According to the International Trade Government, Italy's industrial turnover in 2019 was $119 billion, or around €106 billion, or 6.2% of Italy's GDP.
However, the industry is changing due to the transition from thermal engines to electromobility (hybrid and electric), which may present opportunities for car parts manufacturers, charging infrastructure, and diagnostic tools. As a result of the region's robust automotive industry, there would be an increase in EV production, which would also drive the growth of silicon carbide semiconductor devices.
The Germany market dominated the Europe Silicon Carbide Semiconductor Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $330.2 Million by 2028.The UK market is anticipated to grow at a CAGR of 19.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 20.9% during (2022 - 2028).
Scope of the Study
Market Segments Covered in the Report:
By Product
Power Semiconductors
Optoelectronic Devices
Frequency Devices
By End Use
Automotive
Energy & Power
Aerospace & Defense
Medical Devices
Data & Communication Devices
Consumer Electronics
Others
By Wafer Size
1 inch to 4 inches
6 inches
8 inches
10 inches & above
By Component
Power Modules
FET/MOSFET Transistors
Schottky Diodes
Integrated Circuits
Rectifiers/Diodes
Others
By Country
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
Allegro Microsystems, Inc. (Sanken Electric Co., Ltd.)
Infineon Technologies AG
ROHM Co., Ltd
STMicroelectronics N.V
ON Semiconductor Corporation
FUJI ELECTRIC CO., LTD
TT Electronics plc
Mitsubishi Electric Corporation
Toshiba Corporation
Wolfspeed, Inc
Unique Offerings
Exhaustive coverage
The highest number of Market tables and figures
Subscription-based model available
Guaranteed best price
Assured post sales research support with 10% customization free
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Europe Silicon Carbide Semiconductor Devices Market by Product
Chapter 5. Europe Silicon Carbide Semiconductor Devices Market by End-use
Chapter 6. Europe Silicon Carbide Semiconductor Devices Market by Wafer Size
Chapter 7. Europe Silicon Carbide Semiconductor Devices Market by Component
Chapter 8. Europe Silicon Carbide Semiconductor Devices Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Allegro Microsystems, Inc. (Sanken Electric Co., Ltd.)
Infineon Technologies AG
ROHM Co., Ltd.
STMicroelectronics N.V.
ON Semiconductor Corporation
FUJI ELECTRIC CO., LTD.
TT Electronics plc.
Mitsubishi Electric Corporation
Toshiba Corporation
Wolfspeed, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/3btpl
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