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SiC Wafer Reclaim Services Market Size By Diameter (Below 5 Inches, 5-10 Inches, above 10 Inches), By Application (Optoelectronics, Power Devices, High Temperature Devices, High Frequency Devices), COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI5315
  • Published Date: Aug 2022
  • Report Format: PDF

SiC Wafer Reclaim Services Industry Trends

SiC Wafer Reclaim Services Market size surpassed USD 650 million in 2021 and is expected to grow at more than 9% CAGR of during 2022 to 2030.
 

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Growing higher-power requirements and a concurrent emphasis on efficiency is expected to boost the industry growth. Many semiconductor companies are looking to silicon carbide as the semiconductor material of the future due to its advantageous physical properties and its application in a wide range of semiconductors.
 

The accelerating adoption of advanced technologies such as AI, IoT, and ML across different sectors is opening up new prospects for SiC wafer reclamation service providers. Along with its application in industrial power supplies and photovoltaic converters, the advantages of SiC are most noticeably leveraged in the field of e-mobility. The growing product demand from the automotive industry in addition to increasing government support and initiatives is also driving the global SiC wafer reclaim services market share.
 

Booming SiC wafer reclaim services demand for consumer electronics

The growing need for silicon wafers from the consumer electronics sector is creating new business prospects for companies that provide SiC wafer reclaim services. In the expanding semiconductor industry, SiC wafers are increasingly used in electrical devices that operate at high voltages and high temperatures or both – like 5G communication systems and power electronics for electric vehicles (EVs).  It is extensively used in light-emitting diodes (LEDs) and detectors in electronics. Mass wafer production is one of the main factors contributing to an increase in SiC yield loss. Reclaim service providers have been encouraged to develop innovative technologies and re-manufacture SiC wafers to fulfill rising consumer demands.
 

Increasing adaptability to substitutes may emerge as a major growth restraint

Escalating efforts to discover a substitute for silicon carbide in wafer manufacturing may constrain the long-term growth of the SiC wafer reclaim services market. Major automakers are attempting to replace SiC wafers with GaN (Gallium Nitride) based wafers for EV applications. The easy adaptability of GaN over SiC is swelling owing to its capacity to offer high power density and quick switching frequency.
 

High demand for above 10 inches SiC wafer

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The increasing use of electronic components in consumer electronics, 5G technology, industrial automation, and automotive systems, is anticipated to help expand the above 10 inches SiC wafer reclaim services industry statistics. Manufacturers of electronic goods are more likely to incline towards adapting above 10 inches SiC wafers due to the benefits including high performance, energy efficiency, and low-cost integration. The above 10-inch segment is predicted to rise at around 10% growth rate through 2030.
 

Power devices segment has high potential

The power devices segment is predicted to cross USD 700 million revenue by 2030. Rising demand for power devices in applications that operate on a wide range of frequencies and power levels has led to SiC wafer reclaim services market expansion.
 

APAC to emerge as a lucrative marketplace

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The growth of the Asia Pacific SiC wafer reclaim services market is mostly attributed to the region’s rising population. The usage of technology and electronic goods has increased dramatically in rapidly urbanized economies like China, India, and Japan. In 2021, the Asia Pacific region dominated the market share of nearly 60%. The industry is depicting a high demand for SiC wafers from diverse verticals such as energy, automation telecommunications, consumer electronics and healthcare. .
 

Product development investments to define the competitive landscape

The key players in the SiC wafer reclaim services market are Mimasu, Kinik Company, TOPCO Scientific, Semiconductor Industry Co.,Ltd., RS Technologies Co., Ltd., and Scientech Corporation. The competitive landscape also includes innovative players such as Phoenix Silicon International Corporation, Pure Wafer, and NOVA Electronic Materials, LLC. These companies are concentrating on inorganic growth techniques and launching websites to sell their products.
 

Impact of COVID-19 on the global industry

The onset and aftermath of the COVID-19 pandemic had a negative impact on the market for SiC wafer reclaim services at every stage of the industry's value chain. Loss of manpower, inconsistent material supply, a lack of trade and logistic support, and ambiguous consumption patterns resulted in the industry witnessing a major setback for a major part of 2020. Post the pandemic, however, the resurgence of economies worldwide led to the sector experiencing positive evolution prospects.
 

This SiC wafer reclaim services market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2030 for the following segments:

Market, By Diameter

  • Below 5 inches
  • 5-10 inches
  • Above 10 inches

Market, By Application

  • Optoelectronics
  • Power devices
  • Hight temperature devices
  • High frequency devices

The above information is provided on a regional and country basis for the following:

North America

  • U.S.
  • France

Europe

  • UK
  • Germany
  • France
  • Italy

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Taiwan

LAMEA

  • Brazil
  • Mexico
  • GCC

 

Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

The market size of SiC wafer reclaim services valued over USD 650 million in 2021 and will expand at a CAGR of more than 9% during 2022-2030.
The above 10 inches SiC wafer reclaim services industry is expected to attain 10% gains through 2030, driven by the increasing use of electronic components in consumer electronics, 5G technology, industrial automation, and automotive systems.
The power devices application industry may cross USD 700 million by 2030 owing to the rising SiC wafer integration in these components.
Due to the rising use of technology and electronic products in rapidly urbanizing economies such as China, India, and Japan, the Asia Pacific region registered a massive share of about 60% in 2021.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 22
  • Tables & Figures: 181
  • Countries covered: 14
  • Pages: 225
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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