Silicon Carbide Market is Projected to reach USD 2,967 Million by 2028, growing at 18.5% CAGR during

Gmi Research07 Jul, 2022Technology

The factors driving the growth of Silicon Carbide Market includes rising application of silicon carbide in automotive, power and steel industries and increasing demand for electric vehicles and hybrid cars across the world. As per the report published by Bloomberg, the Global Electric Vehicle Market is anticipated to reach $823.74 billion by the end of 2030.