Global Silicon Carbide Market Size, Share, Growth Analysis, By Product(Black Silicon Carbide and Green Silicon Carbide), By Application(Steel, Automotive) - Industry Forecast 2024-2031

Global Silicon Carbide Market Drivers

Demand for SiC Devices to Bolster Market Growth

• A crucial part of the world's electrical infrastructure is power electronics. The power electronics sector offers a wide range of power devices that convert alternating current to direct current (or vice versa) in systems. They are also designed to lessen energy loss and boost system effectiveness. SiC devices are silicon-carbide compound semiconductors, including SiC diodes and modules. They may operate at greater current densities and temperatures and feature wide band gaps, fast drift velocities, high breakdown voltages, large critical electric fields, and high thermal conductivities.

• Silicon carbide is increasingly being used in power electronics due to its high efficiency and low losses. This includes applications such as solar inverters, wind turbines, and electric vehicle chargers. The growth of the renewable energy sector is also driving the demand for silicon carbide.

Global Silicon Carbide Market Restraints

Inadequacy of Materials to Pose as a Threat

• SiC materials, especially crystals, include tiny holes called micropipes all around the crystals. During the production of larger wafers, SiC devices are prone to flaws such as dislocations, prototype inclusions, and stacking faults. These flaws develop as a result of a poor balance between the precursors of silicon and carbon as well as local pressure or temperature instability. These faults deteriorate electrical properties and decrease gadget efficiency. The market growth rate for silicon carbide (SiC) would be hampered by this factor.