Silicon Carbide (SiC) Diodes Market: Trends And Opportunities Details Shared In Report 2020

SiC (Silicon Carbide) is a semiconductor material made of a combination of silicon and carbon.
SiC has several characteristics such as higher breakdown electric field strength, lower thermal expansion, wider bandgap, and high resistance to chemical reaction.
Silicon carbide (SiC) diodes find extensive application in power grid devices, flexible AC transmission systems, high-voltage, direct current systems, power supplies and inverters, RF devices & cellular base stations, lighting control systems, electronic combat systems, EV motors, wind turbines, solar power systems, and others.

The electric vehicle segment is likely to be the fastest growing segment and is expected to hold a dominant share of the global silicon carbide (SiC) diodes market during the forecast period.
The increasing use of silicon carbide-based diodes in industrial and commercial motor drives, electro-mechanical computing systems, and its high-temperature capabilities boosts the demand for silicon carbide (SiC) diodes in electric vehicles.
Silicon carbide (SiC) diodes are a rapidly emerging semiconductor material that enables power devices to operate at high switching frequencies with lower losses and temperature. This also propels its demand in electric vehicles.
In February 2020, Infineon Technologies AG launched CoolSiC MOSFETs with 650 V. The company aims to meet the growing demand for energy efficiency, power density, and robustness in a wide range of applications.
Some of the restraints of the silicon carbide (SiC) diodes market are declining demand from end-users, shortage of raw materials, and disruptions in the supply chain due to COVID-19.

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In terms of region, the global silicon carbide (SiC) diodes market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific is expected to witness the fastest growth in the silicon carbide (SiC) diodes market during the forecast period due to increasing demand from countries such as Japan, China, Taiwan, South Korea, and India.
Asia Pacific is the largest producer and consumer of consumer electronics due to which demand for silicon carbide (SiC) diodes is rapidly increasing in the APAC region.
Furthermore, the region is a significant automotive and EV market. China is the largest market for electric vehicles, which also propels the growth of the silicon carbide (SiC) diodes market.
The market in North America and Europe is expected to expand at a substantial rate during the forecast period due to the rising demand for silicon carbide (SiC) diodes due to initiatives taken by several governments in the regions to promote the use of electric vehicles.
On the other hand, the silicon carbide (SiC) diodes market in Middle East & Africa, and South America is estimated to expand at a moderate pace during the forecast period.

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