SiC Wafer Reclaim Market Share

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.