SiC Wafer Reclaim Market Trends

Growth Drivers

Growing use in electronic vehicles (EVs) - One of the main applications of SiC in EVs is the main inverter, which is the circuit that converts the high DC voltage coming from batteries into the AC voltage required to power the traction electric motor.

As per the estimation, a new sales record means that the SiC wafer reclaim market share of electronic vehicles increased from about 8.7 % in 2021 to more than 14 % by 2022 across the globe.
Growing use of semiconductors in the production of solar energy - In the area of clean energy, semiconductor technologies have proved to be a game changer. It plays a major role in the manufacture of photovoltaic modules, which have become more and more widely used as an alternate energy source, thus resulting in driving the wafter reclaim market demand in the upcoming years.

Rising government initiative to increase semiconductor manufacturing - Reclaim service providers have been encouraged to develop innovative technologies and re-manufacture SiC wafers to fulfill rising consumer demands.

For instance, the government of India has approved a comprehensive program for the development of the semiconductors and display manufacturing ecosystem in India with an expenditure of USD 10 billion, in line with the vision of Aatmanirbhar Bharat and the positioning of India as the global ESDM hub. Furthermore, the CHIPS Act of 2022 aimed at strengthening domestic chip production, design and research, increasing the economy's prosperity and security as well as reinforcing America's supply chain for chips was adopted by Congress in July 2022.

Challenges

Increasing adoption of substitutes - The rapid rise of the SiC wafer reclaim market can be hampered by intensified efforts to find a substitute silicon carbide in wafer manufacturing.

To replace SiC wafers for EV applications, major car manufacturers are replacing SiC wafers with GaNGaN-based wafers. Due to its ability to have high power density and quick-change frequency, GaN is becoming increasingly flexible over SiC.
High maintenance costs of manufacturing facilities.
Supply chain issues may hamper the growth of the SiC wafer reclaim market .

SiC Wafer Reclaim Market: Key Insights

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	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

Ans: Growing use in electronic vehicles (EVs), increasing use of semiconductor in the production of solar energy, and rising government initiatives to increase semiconductor manufacturing are the major factors driving the growth of the SiC Wafer Reclaim Services market.

Ans: The market size of SiC wafer reclaim services is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2024-2036.

Ans: The major players in the market are Wolfspeed Inc., Semiconductor Components Industries, LLC, Infineon Technologies AG, AIXTRON SE, Okmetic, Showa Denko K.K., Sumitomo Electric Industries, Ltd., Mitsubishi Electric Corporation, Renesas Electronics Corporation, Fujitsu Semiconductor Ltd. and others.

Ans: The above 10 inches segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

Ans: The market in the Asia Pacific region is projected to hold the largest market share of 37% by the end of 2036 and provide more business opportunities in the future.

SiC Wafer Reclaim Market Trends