The ultra high voltage silicon carbide (SiC) power device market for HVDC transmission is poised for remarkable growth, reflecting the dynamic landscape of global energy needs and technological advancements. Valued at US$ 6.0 million in 2023, this market is estimated to surge at a compelling CAGR of 23.4% from 2024 to 2034, projecting a substantial rise to US$ 74.7 million by 2034.
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