Global SiC Power Semiconductor Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Device;

SiC Discrete Devices, MOSFET, Diode, Module, and SiC Bare Die Devices.

By Wafer Size;

2-inch, 4-inch, and 6-inch & above.

By Application;

RF Devices & Cellular Base Stations, Power Supply & Inverter, Power Grids, EV Motors, Industrial Motor Drives, Railway Traction, and Others.

By End User;

Telecommunication, Energy & Power, Automotive, Industrial, Electronics, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn252490908 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global SiC Power Semiconductor Market (USD Million), 2021 - 2031

In the year 2024, the Global SiC Power Semiconductor Market was valued at USD 1,006.92 million. The size of this market is expected to increase to USD 5,119.24 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 26.2%.

The Global SiC Power Semiconductor Market refers to the industry encompassing the production, distribution, and utilization of Silicon Carbide (SiC) power semiconductors. SiC power semiconductors offer several advantages over traditional silicon-based semiconductors, including higher efficiency, lower power losses, and enhanced thermal management capabilities. These characteristics make SiC power semiconductors highly desirable for applications in electric vehicles (EVs), renewable energy systems, industrial automation, and consumer electronics.

The market for SiC power semiconductors is witnessing rapid growth driven by the increasing demand for energy-efficient solutions, the electrification of transportation, and advancements in power electronics technology. As industries and consumers alike prioritize sustainability and performance, SiC power semiconductors emerge as key enablers of next-generation electronic systems, offering improved power conversion efficiency, higher power density, and enhanced reliability. With ongoing technological innovations and expanding application areas, the Global SiC Power Semiconductor Market is poised for significant growth and innovation in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Device
    2. Market Snapshot, By Wafer Size
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Global SiC Power Semiconductor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy efficiency
        2. High power density
        3. Demand in EVs
        4. Growing renewables
        5. Superior thermal conductivity
      2. Restraints
        1. High production costs
        2. Limited suppliers
        3. Market fragmentation
        4. Technological complexity
        5. Performance standardization
      3. Opportunities
        1. Electric vehicles growth
        2. Renewable energy surge
        3. Industrial automation
        4. Power electronics demand
        5. 5G infrastructure rollout
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global SiC Power Semiconductor Market, By Device, 2021 - 2031 (USD Million)
      1. SiC Discrete Devices
      2. MOSFET
      3. Diode
      4. Module
      5. SiC Bare Die Devices.
    2. Global SiC Power Semiconductor Market, By Wafer Size, 2021 - 2031 (USD Million)
      1. 2-inch
      2. 4-inch
      3. 6-inch & above
    3. Global SiC Power Semiconductor Market, By Application, 2021 - 2031 (USD Million)
      1. RF Devices & Cellular Base Stations
      2. Power Supply & Inverter
      3. Power Grids
      4. EV Motors
      5. Industrial Motor Drives
      6. Railway Traction
      7. Others.
    4. Global SiC Power Semiconductor Market, By End User, 2021 - 2031 (USD Million)
      1. Telecommunication
      2. Energy & Power
      3. Automotive
      4. Industrial
      5. Electronics
      6. Others
    5. Global SiC Power Semiconductor Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Infineon Technologies AG
      2. Cree, Inc.
      3. ON Semiconductor Corporation
      4. STMicroelectronics N.V.
      5. ROHM Co., Ltd.
      6. Toshiba Corporation
      7. Microchip Technology Inc.
      8. Mitsubishi Electric Corporation
      9. Littelfuse, Inc.
      10. Renesas Electronics Corporation
  7. Analyst Views
  8. Future Outlook of the Market