Lucintel Forecasts the Global SiC Based Power Electronics & Inverter Market to Reach $3.5 billion by 2030
Lucintel Forecasts the Global SiC Based Power Electronics & Inverter Market to Reach $3.5 billion by 2030
Blog Article
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.
Download sample by clicking on SiC based power electronics & inverter market
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 helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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