Market Overview:
The global SiC crystal growth furnace systems market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for semiconductor and LED applications. Additionally, the growing demand for high-temperature materials is also contributing to the market growth. However, fluctuations in raw material prices may hamper the market growth in some regions. The global SiC crystal growth furnace systems market can be segmented on the basis of type into induction heating furnace and resistance heating furnace. On the basis of application, it can be segmented into semiconductor and LED applications. The semiconductor application dominates this market owing to its wide usage across various end-use industries such as automotive, aerospace & defense, consumer electronics, telecommunications etc.
Product Definition:
SiC crystal growth furnace systems are used to produce semiconductor-grade silicon carbide crystals. These systems are important because they allow manufacturers to produce high-quality SiC crystals that can be used in a variety of applications, including power electronics, LED lighting, and telecommunications.
Induction Heating Furnace:
Induction heating furnace is a type of heat exchanger used to provide thermal energy for the process of melting and cooling in various industries. The main components of an induction heating furnace are a coil, a magnetron or power supply, control equipment, and the base material.
Induction Heating Furnace Market Size By Application (Steel & Aluminum), By Region (North America) And Segment Forecasts To 2020 -> Increasing demand for steel from construction.
Resistance Heating Furnace:
Resistance heating furnace is used in the growth of silicon carbide crystals. It utilizes thermal energy generated from a heat exchanger to generate the required temperature for growing crystals. The resistance heating furnace has an advantage over other methods as it does not rely on chemical reactions or diffusion for crystal growth and can produce large, high-quality single-crystal pieces with controlled surfaces and angles.
Application Insights:
The semiconductor application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for integrated circuits from various end-use industries such as telecommunication, automotive and medical among others. Moreover, technological advancements coupled with high product quality are anticipated to augment SiC crystal growth furnace systems demand in the forthcoming years.
The LED application segment is expected to witness significant growth over the forecast period owing to rising R&D activities pertaining integrated photonics along with LED manufacturing in several East Asian countries including China, Japan and South Korea among others. Technological advancements have resulted in cost-reduction of LEDs by more than 50% since 2010 which has boosted their adoption across different end-use applications such as backlighting for LCD displays, lighting products used on roads or railway tracks etcetera.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising investments by foreign players for setting up manufacturing facilities in China, Japan, South Korea, and India. In addition, increasing demand for electronic devices such as smartphones and laptops is also anticipated to drive product demand over the forecast period.
Growth Factors:
- Increasing demand for SiC crystals from the semiconductor and LED industries
- Growing popularity of SiC-based power devices
- Rising investments in R&D for developing new applications of SiC crystals
- Proliferation of advanced crystal growth technologies
- Emergence of China as a leading producer and consumer of SiC crystals
Scope Of The Report
Report Attributes
Report Details
Report Title
SiC Crystal Growth Furnace Systems Market Research Report
By Type
Induction Heating Furnace, Resistance Heating Furnace
By Application
Semiconductor, LED
By Companies
China Electronics Technology Group, Beijing Tianke Heda Semiconductor, Shenyang Keyou Vacuum, Materials Research Furnaces, Sumitomo Electric, China Electronics Technology Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global SiC Crystal Growth Furnace Systems Market Report Segments:
The global SiC Crystal Growth Furnace Systems market is segmented on the basis of:
Types
Induction Heating Furnace, Resistance Heating Furnace
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Semiconductor, LED
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- China Electronics Technology Group
- Beijing Tianke Heda Semiconductor
- Shenyang Keyou Vacuum
- Materials Research Furnaces
- Sumitomo Electric
- China Electronics Technology Group
Highlights of The SiC Crystal Growth Furnace Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Induction Heating Furnace
- Resistance Heating Furnace
- By Application:
- Semiconductor
- LED
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the SiC Crystal Growth Furnace Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
SiC crystal growth furnaces are used to grow high-quality silicon crystals. The furnace is heated by a gas or electric furnace and uses a controlled atmosphere to produce the best quality crystals.
Some of the major companies in the sic crystal growth furnace systems market are China Electronics Technology Group, Beijing Tianke Heda Semiconductor, Shenyang Keyou Vacuum, Materials Research Furnaces, Sumitomo Electric, China Electronics Technology Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SiC Crystal Growth Furnace Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 SiC Crystal Growth Furnace Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SiC Crystal Growth Furnace Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the SiC Crystal Growth Furnace Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global SiC Crystal Growth Furnace Systems Market Size & Forecast, 2018-2028
4.5.1 SiC Crystal Growth Furnace Systems Market Size and Y-o-Y Growth
4.5.2 SiC Crystal Growth Furnace Systems Market Absolute $ Opportunity
Chapter 5 Global SiC Crystal Growth Furnace Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 SiC Crystal Growth Furnace Systems Market Size Forecast by Type
5.2.1 Induction Heating Furnace
5.2.2 Resistance Heating Furnace
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global SiC Crystal Growth Furnace Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 SiC Crystal Growth Furnace Systems Market Size Forecast by Applications
6.2.1 Semiconductor
6.2.2 LED
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SiC Crystal Growth Furnace Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 SiC Crystal Growth Furnace Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America SiC Crystal Growth Furnace Systems Analysis and Forecast
9.1 Introduction
9.2 North America SiC Crystal Growth Furnace Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America SiC Crystal Growth Furnace Systems Market Size Forecast by Type
9.6.1 Induction Heating Furnace
9.6.2 Resistance Heating Furnace
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America SiC Crystal Growth Furnace Systems Market Size Forecast by Applications
9.10.1 Semiconductor
9.10.2 LED
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe SiC Crystal Growth Furnace Systems Analysis and Forecast
10.1 Introduction
10.2 Europe SiC Crystal Growth Furnace Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe SiC Crystal Growth Furnace Systems Market Size Forecast by Type
10.6.1 Induction Heating Furnace
10.6.2 Resistance Heating Furnace
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe SiC Crystal Growth Furnace Systems Market Size Forecast by Applications
10.10.1 Semiconductor
10.10.2 LED
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific SiC Crystal Growth Furnace Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SiC Crystal Growth Furnace Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific SiC Crystal Growth Furnace Systems Market Size Forecast by Type
11.6.1 Induction Heating Furnace
11.6.2 Resistance Heating Furnace
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific SiC Crystal Growth Furnace Systems Market Size Forecast by Applications
11.10.1 Semiconductor
11.10.2 LED
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America SiC Crystal Growth Furnace Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America SiC Crystal Growth Furnace Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America SiC Crystal Growth Furnace Systems Market Size Forecast by Type
12.6.1 Induction Heating Furnace
12.6.2 Resistance Heating Furnace
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America SiC Crystal Growth Furnace Systems Market Size Forecast by Applications
12.10.1 Semiconductor
12.10.2 LED
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) SiC Crystal Growth Furnace Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SiC Crystal Growth Furnace Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) SiC Crystal Growth Furnace Systems Market Size Forecast by Type
13.6.1 Induction Heating Furnace
13.6.2 Resistance Heating Furnace
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) SiC Crystal Growth Furnace Systems Market Size Forecast by Applications
13.10.1 Semiconductor
13.10.2 LED
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 SiC Crystal Growth Furnace Systems Market: Competitive Dashboard
14.2 Global SiC Crystal Growth Furnace Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 China Electronics Technology Group
14.3.2 Beijing Tianke Heda Semiconductor
14.3.3 Shenyang Keyou Vacuum
14.3.4 Materials Research Furnaces
14.3.5 Sumitomo Electric
14.3.6 China Electronics Technology Group
