SiC Based Power Electronics and Inverter Market Size, Forecast 2030
The Global SiC Based Power Electronics and Inverter Market is expected to reach USD 5800 million by 2030, at a CAGR of 35% during the forecast period 2022 to 2030. The COVID-19 pandemic also has had a major impact on the global SiC based power electronics and inverter manufacturing sector. In addition to labour difficulties, the decline in SiC based power electronics and inverter production and exports in countries including China, Germany, the United States, Japan, and South Korea has significantly decreased global market revenues in 2020.