EVs represent a primary market for silicon carbide. The electrical solid state battery energy industry will reshape the future. The integrated business model of storage is becoming an application for energy consumption.
Silicon Carbide represents next generation automation of EVs and home and campus electricity storage, a market in line for significant growth. It is expected to grow at a compound annual growth rate (CAGR) of 147.8% from 2021 to 2028.
Power Electronics — especially MOSFETs — must be able to handle extremely high voltages. Silicon carbide outperforms silicon: the thermal conductivity is superior. The thermal conductivity of silicon carbide is 1490 W/m-K compared to 150 W/m-K for silicon. Silicon carbide SiC power electronics markets are forecast to have a CAGR of 37.56 %. Market growth is the result of rapid adoption of EV electric vehicles in response to an effort to decrease carbon emission worldwide. The SiC is harder, more durable, and permits more efficient implementation of power electronics in a variety of EV applications.
SiC is useful in the implementation of 5G communications systems.
Next generation car companies will sell energy storage systems alongside vehicles. Rising demand for solid-state batteries among end-use sectors along with the rising research and development activities are focused on commercializing the battery via use of silicon carbide for power electronics in the EV. Lower costs for solid state batteries are expected to propel market growth.
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