Silicon Carbide Market Worth $1,812 Million by 2025 - Exclusive Report by MarketsandMarkets - Seite 2

Browse in-depth TOC on "Silicon Carbide Market"

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"APAC is expected to grow at highest CAGR during the forecast period"

APAC is expected to grow at the highest CAGR during the forecast period. The growth of the silicon carbide market in APAC is attributed to the presence of regional vendors in China, Japan, and South Korea, offering low-cost solutions, which in turn causes a decline in prices of silicon carbide devices. Additionally, the increase in the mass production of electric vehicles in the aforementioned countries supports the growth of the market.

Infineon Technologies AG (Munich, Germany), CREE, INC. (North Carolina, US), ROHM Co., Ltd. (Kyoto, Japan), STMicroelectronics N.V. (Geneva, Switzerland), and Fuji Electric Co., Ltd. (Tokyo, Japan), are the key players in the silicon carbide market. These players are increasingly undertaking strategies such as product launches & developments, expansions, partnerships, agreements, contracts, collaborations, and acquisitions to increase their market share.

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