SiC Wafer Reclaim Market Size

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.