What is Global Power SiC Market?
The Global Power SiC Market refers to the worldwide market for silicon carbide (SiC) power devices. SiC is a semiconductor material that offers superior performance compared to traditional silicon-based devices, particularly in high-power and high-temperature applications. The market encompasses a variety of SiC-based components, including MOSFETs, diodes, and other power devices, which are used in a wide range of industries such as automotive, energy, and industrial sectors. The demand for SiC power devices is driven by their ability to improve energy efficiency, reduce system size and weight, and enhance overall performance. As industries continue to seek more efficient and reliable power solutions, the Global Power SiC Market is expected to grow significantly, driven by advancements in technology and increasing adoption across various applications.
SiC MOSFET Module, SiC MOSFET Discrete, SiC Diode (SiC SBD), Others (SiC JFETs & FETs) in the Global Power SiC Market:
SiC MOSFET Modules are integrated circuits that combine multiple SiC MOSFETs (Metal-Oxide-Semiconductor Field-Effect Transistors) into a single package. These modules are designed to handle high power levels and are used in applications that require efficient power conversion and management. SiC MOSFET Discretes, on the other hand, are individual SiC MOSFET components that can be used independently or integrated into larger systems. They offer high switching speeds, low on-resistance, and excellent thermal performance, making them ideal for high-frequency and high-efficiency applications. SiC Diodes, also known as SiC Schottky Barrier Diodes (SBDs), are semiconductor devices that allow current to flow in one direction while blocking it in the opposite direction. They are known for their low forward voltage drop and high-speed switching capabilities, which make them suitable for power rectification and power factor correction applications. Other SiC devices include SiC JFETs (Junction Field-Effect Transistors) and FETs (Field-Effect Transistors), which are used in various power electronics applications due to their high efficiency and reliability. The Global Power SiC Market is driven by the increasing demand for energy-efficient and high-performance power devices across various industries. As technology continues to advance, the adoption of SiC-based components is expected to grow, leading to further innovations and improvements in power electronics.
Automotive & EV/HEV, EV Charging, Industrial Motor/Drive, PV, Energy Storage, Wind Power, UPS, Data Center & Server, Rail Transport, Others in the Global Power SiC Market:
The Global Power SiC Market finds extensive usage in various sectors, including Automotive & EV/HEV, EV Charging, Industrial Motor/Drive, PV (Photovoltaic), Energy Storage, Wind Power, UPS (Uninterruptible Power Supply), Data Center & Server, Rail Transport, and others. In the automotive sector, SiC power devices are used in electric vehicles (EVs) and hybrid electric vehicles (HEVs) to improve energy efficiency, reduce weight, and enhance overall performance. SiC components are also crucial in EV charging infrastructure, enabling faster and more efficient charging solutions. In industrial applications, SiC power devices are used in motor drives and industrial automation systems to achieve higher efficiency and reliability. In the renewable energy sector, SiC components are used in PV inverters and wind power systems to improve energy conversion efficiency and reduce losses. Energy storage systems also benefit from SiC power devices, as they offer better performance and longer lifespan compared to traditional silicon-based components. In data centers and servers, SiC power devices help improve power management and reduce energy consumption, leading to more efficient and sustainable operations. Rail transport systems use SiC components to enhance power conversion and reduce energy losses, contributing to more efficient and reliable transportation solutions. Overall, the Global Power SiC Market plays a crucial role in advancing various industries by providing high-performance, energy-efficient power solutions.
Global Power SiC Market Outlook:
The global Power SiC market was valued at US$ 2091 million in 2023 and is anticipated to reach US$ 15270 million by 2030, witnessing a CAGR of 30.0% during the forecast period 2024-2030. The top three players hold a share of over 70 percent, while the top five players hold a share of over 80 percent. This indicates a highly concentrated market with a few key players dominating the industry. The significant growth in the market value reflects the increasing demand for SiC power devices across various applications, driven by their superior performance and efficiency compared to traditional silicon-based components. As industries continue to seek more efficient and reliable power solutions, the Global Power SiC Market is expected to experience substantial growth, with key players leading the way in innovation and technological advancements.
| Report Metric | Details |
| Report Name | Power SiC Market |
| Accounted market size in 2023 | US$ 2091 million |
| Forecasted market size in 2030 | US$ 15270 million |
| CAGR | 30.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | 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, GE Aerospace, 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, Grecon Semiconductor (Shanghai) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
