Semiconductor Silicon Carbide Power Devices Market

The global Semiconductor Silicon Carbide (SiC) Power Devices market was valued at 3530 million in 2024 and is projected to reach US$ 12660 million by 2032, at a CAGR of 20.5% during the forecast period.
SiC (silicon carbide) is a compound semiconductor composed of silicon and carbide. SiC provides a number of advantages over silicon, including 10x the breakdown electric field strength, 3x the band gap, and enabling a wider range of p- and n-type control required for device construction.
Silicon Carbide (SiC) devices have emerged as the most viable candidate for next-generation, low-loss semiconductors due to its low ON resistance and superior high-temperature, high-frequency, and high-voltage performance when compared to silicon. SiC also allows designers to use fewer components, further reducing design complexity. The low ON resistance of SiC devices contribute to significantly lower energy consumption, allowing users to design environmentally friendly products and systems that reduce CO2 emissions.
Automotive is the largest market, hold a share over 65%, mainly used in OBC, DC/DC Converter, etc.
Global new energy vehicles continue to grow rapidly. In 2023, the total sales of new energy vehicles in the world reached 14.65 million, a simultaneous increase of 35.4%. Among them, China's new energy vehicle sales reached 9.495 million, accounting for 64.8% of global sales. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. In 2023, the sales of new energy vehicles in the United States and Europe were 2.94 million and 1.46 million respectively, with year-on-year growth rates of 18.3% and 48.0% respectively.
We have surveyed the Semiconductor Silicon Carbide (SiC) Power Devices manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks
Semiconductor Silicon Carbide Power Devices Market aims to provide a comprehensive presentation of the global market for Semiconductor Silicon Carbide (SiC) Power Devices, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Semiconductor Silicon Carbide (SiC) Power Devices. Semiconductor Silicon Carbide Power Devices Market contains market size and forecasts of Semiconductor Silicon Carbide (SiC) Power Devices in global, including the following market information:
Global Semiconductor Silicon Carbide (SiC) Power Devices market revenue, 2020-2025, 2026-2032, ($ millions)
Global Semiconductor Silicon Carbide (SiC) Power Devices market sales, 2020-2025, 2026-2032, (K Pcs)
Global top five Semiconductor Silicon Carbide (SiC) Power Devices companies in 2024 (%)
Total Market by Segment:
Global Semiconductor Silicon Carbide (SiC) Power Devices market, by Type, 2020-2025, 2026-2032 ($ millions) & (K Pcs)
Global Semiconductor Silicon Carbide (SiC) Power Devices market segment percentages, by Type, 2024 (%)
SiC MOSFET Modules
SiC MOSFET Discretes
SiC Diode/SBD
Others (SiC JFETs & FETs)
Global Semiconductor Silicon Carbide (SiC) Power Devices market, by Application, 2020-2025, 2026-2032 ($ Millions) & (K Pcs)
Global Semiconductor Silicon Carbide (SiC) Power Devices market segment percentages, by Application, 2024 (%)
Automotive & EV/HEV
EV Charging
Industrial Motor/Drive
PV, Energy Storage, Wind Power
UPS, Data Center & Server
Rail Transport
Others
Global Semiconductor Silicon Carbide (SiC) Power Devices market, by region and country, 2020-2025, 2026-2032 ($ millions) & (K Pcs)
Global Semiconductor Silicon Carbide (SiC) Power Devices market segment percentages, by region and country, 2024 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Semiconductor Silicon Carbide (SiC) Power Devices revenues in global market, 2020-2025 (estimated), ($ millions)
Key companies Semiconductor Silicon Carbide (SiC) Power Devices revenues share in global market, 2024 (%)
Key companies Semiconductor Silicon Carbide (SiC) Power Devices sales in global market, 2020-2025 (estimated), (K Pcs)
Key companies Semiconductor Silicon Carbide (SiC) Power Devices sales share in global market, 2024 (%)
Further, the report presents profiles of competitors in the market, key players include:
STMicroelectronics
Infineon
Wolfspeed
Rohm
onsemi
BYD Semiconductor
Microchip (Microsemi)
Mitsubishi Electric (Vincotech)
Semikron Danfoss
Fuji Electric
Navitas (GeneSiC)
Toshiba
Qorvo (UnitedSiC)
San'an Optoelectronics
Littelfuse (IXYS)
CETC 55
WeEn Semiconductors
BASiC Semiconductor
SemiQ
Diodes Incorporated
SanRex
Alpha & Omega Semiconductor
Bosch
KEC Corporation
PANJIT Group
Nexperia
Vishay Intertechnology
Zhuzhou CRRC Times Electric
China Resources Microelectronics Limited
StarPower
Yangzhou Yangjie Electronic Technology
Guangdong AccoPower Semiconductor
Changzhou Galaxy Century Microelectronics
Hangzhou Silan Microelectronics
Cissoid
SK powertech
InventChip Technology
Hebei Sinopack Electronic Technology
Oriental Semiconductor
Jilin Sino-Microelectronics
PN Junction Semiconductor (Hangzhou)
United Nova Technology
Outline of Major Chapters:
Chapter 1: Introduces the definition of Semiconductor Silicon Carbide (SiC) Power Devices, market overview.
Chapter 2: Global Semiconductor Silicon Carbide (SiC) Power Devices market size in revenue and volume.
Chapter 3: Detailed analysis of Semiconductor Silicon Carbide (SiC) Power Devices manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Semiconductor Silicon Carbide (SiC) Power Devices in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Semiconductor Silicon Carbide (SiC) Power Devices capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.