SiC Wafer Reclaim Market size is anticipated to reach USD 2 Billion by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of SiC wafer reclaim was over USD 772 Million. For businesses that offer SiC wafer reclaim, the growing need for silicon wafers from the consumer electronics industry is opening up new economic opportunities.
SiC wafers are being utilized more frequently in the developing semiconductor industry in electrical devices that can withstand high temperatures, high voltages, or both, for instance, 5G communication systems. As per a recent report, from the end of 2021 to the end of 2022, there was a 76% increase in global 5G wireless connections, reaching 1.05 billion.
The increasing integration of cutting-edge technologies like artificial intelligence, the Internet of Things, and machine learning is creating new opportunities for SiC wafer reclamation service providers. SiC is widely used in industrial power supplies and photovoltaic converters, but its benefits are best utilized in the e-mobility space.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
9% |
|
Base Year Market Size (2023) |
USD 772 Million |
|
Forecast Year Market Size (2036) |
USD 2 Billion |
|
Regional Scope |
|
Diameter (Below 5 Inches, 5-10 Inches, Above 10 Inches)
In SiC wafer reclaim market, 10 inches segment is estimated to hold more than 50% revenue share by 2036. Manufacturers of electronic goods are more likely to incline towards adapting above 10-inch SiC wafers due to the benefits including high performance, energy efficiency, and low-cost integration.
Also, the larger wafers provide more surface area; manufacturers can fit more surface area for the fabrication of chips. Therefore, the growing demand for electronic goods and semiconductors will propel the growth of the above 10 inches segment in the coming years. In 2022, the consumer electronics industry brought in a total of USD 987 billion. Also, Apple, Samsung, Huawei, and Sony are just a few of the well-known and established corporations that control the consumer electronics sector.
Application (Optoelectronics, Power Devices, High Temperature Devices, High Frequency Devices)
By 2036, power devices segment is expected to hold more than 43% SiC wafer reclaim market share. The segment is growing because power devices play a crucial role in various industries such as automotive, renewable energy, and consumer electronics.
For instance, the supply of renewable energy from the sun, wind, hydropower, geothermal, and ocean increased by over 8% in 2022. Also, the rising demand for power devices in applications that operate on a wide range of frequencies and power levels has led to market expansion. The market caters to the recycling and refurbishment of used silicon wafers, making them suitable for reuse in the manufacturing process. This is important because power devices often require specific wafer specifications and characteristics to meet their performance requirements.
Our in-depth analysis of the global SiC wafer reclaim market includes the following segments:
|
Diameter |
|
|
Application |
|
APAC Market Forecast
SiC wafer reclaim market in Asia Pacific is expected to hold the largest share of 37% during the foreseen period. The growth can be attributed to the growing population in the region such as China, India, and Japan have also experienced an incredible increase in the 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 market revenue. For instance, the Asia-Pacific region's installed solar capacity reached 485.84 GW in 2021, up almost 19% from the previous year.
North American Market Statistics
North America in the SiC wafer reclaim market is anticipated to hold a share of 25% during the predicted period. The growth can be accredited to the growing need for inexpensive silicon wafers in the semiconductor sector.
With the continuous advancements in technology, the demand for these devices is skyrocketing which in turn, is driving the demand for silicon wafers.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?