According to a market report by Lucintel, the future of the global SiC based power electronics & inverter market looks promising with opportunities in the automotive, consumer electronic, IT & telecommunication, and aerospace & defense markets. The global SiC based power electronics & inverter market is expected to reach an estimated $3.5 billion by 2030 from $0.7 billion in 2024, at a CAGR of 31.2% from 2024 to 2030. The major drivers for this market are increasing demand for energy efficiency, growing adoption of connected technologies, and rising application of SiC based products in industrial and consumer electronic manufacturing industries.
A more than 150-page report to understand trends, opportunity and forecast in SiC based power electronics & inverter market to 2030 by type (power electronics and inverter), end use (automotive, consumer electronics, IT & telecommunication, aerospace & defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that power electronic will remain the larger segment over the forecast period due to their capacity to lower energy loss.
Within this market, automotive is expected to witness the highest growth due to growing number of electric vehicles from different automakers.
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APAC is expected to witness highest growth over the forecast period due to rapid industralization and the strong economic expansion of nations like China, Japan, and India.
STMicroelectronics, Cree, ON Semiconductor, ROHM, Infineon Technologies, NXP Semiconductor, ABB, Renesas Electronics, Fuji Electric, Mitsubishi Electric are the major suppliers in the SiC based power electronics & inverter market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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