Research Nester’s recent market research analysis on “SiC Wafer Reclaim Services Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global SiC Wafer Reclaim Services market in terms of market segmentation by diameter, application, and by region.
Growing Use in Electric Vehicles to Promote Global Market Share of SiC Wafer Reclaim Services
Silicon photonics makes extensive use of SiC wafers. The primary inverter, which is the circuit that transforms the high DC voltage from batteries into the AC voltage needed to power the traction electric motor, is one of the primaries uses of SiC in EVs. Consequently, the market's growth is being accelerated by the increasing demand for electric vehicles, or EVs. Based on estimations, the new sales record indicates that electronic device industry’s share is expected to rise from approximately 8.7% in 2021 to over 14% by 2022. Such rapid market expansion is fueled by ongoing EV technology innovation, which is supported by rising investments in this field. Government spending on electric vehicles is predicted to reach approximately 45 billion dollars by 2022.
Some of the major growth factors and challenges that are associated with the growth of the global SiC Wafer Reclaim Services market are:
Growth Drivers:
· Increasing Adoption of Semiconductors in the Production of Solar Energy
· Growing Initiatives By the Government for the Increased Production of Semiconductors
Challenges:
Increased efforts to discover a silicon carbide substitute for wafer manufacturing could hinder the SiC wafer reclaim services market's explosive growth. Major automakers are switching out SiC wafers for GaNGaN-based wafers to replace SiC wafers for EV applications. GaN is becoming more flexible than SiC because of its high-power density and Qick changing frequency.
High maintenance cost of manufacturing facilities and supply chain issues are some of the other factors that may hamper the growth of SiC wafer reclaim services market.
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By diameter, the global SiC Wafer Reclaim Services market is segmented into below 5 inches, 5-10 inches, and above 10 inches. The above 10 inches segment is anticipated to hold the largest share of 50% during the projected period. SiC wafers larger than 10 inches have the potential to be used by electronic product manufacturers because of their low cost, great performance, and energy efficiency. Additionally, since larger wafers have more surface area, chip makers can fit more surface area into their designs. Thus, in the upcoming years, the above 10-inch segment will increase at a faster rate due to the growing demand for semiconductors and electronic goods. The consumer electronics sector generated USD 987 billion in revenue in 2022. Moreover, a number of well-known and reputable companies that dominate the consumer electronics industry are Apple, Samsung, Huawei, and Sony.
By region, the Asia Pacific SiC Wafer Reclaim Services market is expected to hold a significant share of 37% by the end of 2036. The growth can be attributed to the growing population in the region. Countries such as China, India and Japan have also experienced an incredible increase in use of technology and electronic goods. Various sectors such as energy, automation, telecommunications, consumer electronics and healthcare are represented in the sector by a high demand for SiC wafers. Moreover, the growing adoption of IoT devices and the increasing demand for renewable energy sources like solar panels are also contributing to the growth of the market.
This report also provides the existing competitive scenario of some of the key players of the global SiC Wafer Reclaim Services market which includes company profiling of Wolfspeed Inc.; Semiconductor Components Industries, LLC; Infineon Technologies AG; AIXTRON SE; Okmetic; Showa Denko K.K.; Sumitomo Electric Industries, Ltd.; Mitsubishi Electric Corporation; Renesas Electronics Corporation; Fujitsu Semiconductor Ltd. and others.
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