New report published by QY Research which offers insights on the global Silicon Carbide Power Semiconductors market. The Silicon Carbide Power Semiconductors market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Silicon Carbide Power Semiconductors is expected to reflect a 3.7x increase in the revenue growth. In 2017 the global Silicon Carbide Power Semiconductors market was valued at US$ 316 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 1,164 Mn growing at a value CAGR of 17.68% throughout the period of forecast.
In 2017, the Asia-Pacific region constituted the highest share in the global silicon carbide power semiconductors market. This region is expected to grow at the fastest rate during the forecast period.