Executive Summary
Azoth Analytics has released a research report titled "Global SiC Power Device Market (2024 Edition)" which provides a complete analysis of the Global SiC Power Device industry in terms of market segmentation By Voltage (300-900 V, 901-1700 V and Above 1700 V), By Type (MOSFETS, Hybrid Modules, Schotty Barrier Diodes (SBDS), Bipolar Junction Transistor and Other Types), By Application (Automotive, Energy, Industrial, Transportation and Other Applications) for the historical period of 2020-2023, the estimates of 2023 and the forecast period of 2025-2030.
The report analyses the SiC Power Device Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Brazil, Germany, United Kingdom, France, China, Japan, India and South Korea). The Global SiC Power Device market showcased growth at a CAGR of 19.33% during 2020-2023. The market was valued at USD 1405.20 Million in 2023 which is expected to reach USD 7113.46 Million in 2030. One of the primary drivers of the increased demand for SiC power devices is their unmatched energy efficiency and performance. SiC devices exhibit lower energy losses during power conversion processes, which is critical in applications such as inverters and power supplies. The material properties of SiC allow these devices to operate at higher temperatures and voltages, significantly exceeding the performance of traditional silicon-based devices. This high-temperature and high-voltage tolerance not only enhances the efficiency of power electronics but also reduces the necessity for extensive cooling systems, leading to more compact and cost-effective solutions.
Technological advancements have played a crucial role in driving the adoption of SiC power devices. Improvements in SiC wafer production and device fabrication processes have not only reduced the costs associated with SiC technology but have also enhanced the quality and yield of these devices. Continuous research and development efforts are expanding the application scope of SiC devices, leading to innovations that further enhance their performance and reliability. These advancements are making SiC technology more accessible and attractive to a broader range of industries, contributing to its growing demand.
Moreover, renewable energy systems, particularly solar and wind power, also heavily rely on SiC power devices to maximize efficiency and effectiveness. In solar power systems, SiC inverters convert DC electricity generated by solar panels into AC electricity with minimal energy loss, enhancing the overall energy yield. Similarly, in wind power systems, SiC devices improve the efficiency of power converters, which are essential for converting the variable frequency output of wind turbines into stable and usable power. Additionally, the integration of renewable energy sources into the power grid is facilitated by SiC technology, which offers reliable and efficient power conversion, thereby supporting the stability and resilience of modern power grids.
The Telecommunications industry, particularly with the advent of 5G technology, is another major domain driving the demand for SiC power devices. The deployment of 5G networks requires highly efficient and reliable power amplifiers and base stations. SiC devices, with their superior performance characteristics, meet these stringent requirements, enabling faster data transmission and enhanced network reliability. As 5G technology continues to expand globally, the reliance on SiC power devices is expected to grow, further fuelling demand.
Electric car sales neared 14 million in 2023, 95% of which were in China, Europe and the United States. Almost 14 million new electric cars were registered globally in 2023, bringing their total number on the roads to 40 million. EVs require power electronic components that can handle high power levels with maximum efficiency. SiC power devices are preferred in EVs because they offer lower energy losses and higher efficiency compared to traditional silicon-based power devices. This demand boosts the SiC power device market as more EV manufacturers integrate these components to enhance vehicle performance.
Additionally, as the EV market grows, there is a parallel need for efficient and fast charging infrastructure. SiC power devices enable faster switching speeds and can handle higher voltages, which are crucial for high-power and ultra-fast EV charging stations. This drives the demand for SiC devices in the charging infrastructure segment, further expanding the market. SiC power devices contribute to reducing the weight and size of power electronic systems in EVs, such as inverters and onboard chargers. This reduction leads to better vehicle performance and longer driving ranges, which are key selling points for EVs. As a result, the automotive industry's push for improved EV performance directly stimulates the demand for SiC power devices.
Scope of the Report:
•The report analyses the SiC Power Device Market by Value (USD Million).
•The report analyses the SiC Power Device Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Brazil, Germany, United Kingdom, France, China, Japan, India and South Korea).
•The report presents the analysis of SiC Power Device Market for the historical period of 2020-2023, the estimated year 2024 and the forecast period of 2025-2030.
•The report analyses the SiC Power Device Market By Voltage (300-900 V, 901-1700 V and Above 1700 V)
•The report analyses the SiC Power Device Market By Type (MOSFETS, Hybrid Modules, Schotty Barrier Diodes (SBDS), Bipolar Junction Transistor and Other Types).
•The report analyses the SiC Power Device Market By Application (Automotive, Energy, Industrial, Transportation and Other Applications).
•The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, By Products, by mode of operation & by end users.
•Also, the major opportunities, trends, drivers, and challenges of the industry has been analyzed in the report.
•The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include of are Wolfspeed Inc., Infineon Technologies AG, STMicroelectronics NV, ROHM Semiconductor Co. Ltd., ON Semiconductor, Microchip Technology Inc., Mitsubishi Electric Corporation, Texas Instruments Incorporated, Renesas Electronics Corp and Fuji Electric Co. Ltd.
Table of Content
1. Market Background
1.1 Scope and Voltage Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Analyst Recommendations
2.1 Integration of Advance Packaging Technology in SiC Power Device Manufacturing
2.2 Development of Larger SiC Wafers
3. Global SiC Power Device Market: Historic and Forecast
3.1 Impact Analysis of Macro Economic Factors on Global SiC Power Device Market
3.3 Automotive Semiconductor Market Size
3.3 EV Semiconductor Segment Analysis
3.4 Global SiC Power Device Market: Dashboard
3.5 Global SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
3.6 Global SiC Power Device Market: Market Value Assessment
3.7 Assessment Degree of Impact of COVID-19 on Global SiC Power Device Market
3.8 Global SiC Power Device Market Segmentation : By Voltage
3.8.1 Global SiC Power Device Market, By Voltage Overview
3.8.2 Market Attractiveness Analysis of Global SiC Power Device Market, By Voltage (2025-2030)
3.8.3 Global SiC Power Device Market Size, By 300-900 V, By Value, 2020H-2030F (USD Million & CAGR)
3.8.4 Global SiC Power Device Market Size, By 901-1700 V, By Value, 2020H-2030F (USD Million & CAGR)
3.8.5 Global SiC Power Device Market Size, By Above 1700 V, By Value, 2020H-2030F (USD Million & CAGR)
3.9 Global SiC Power Device Market Segmentation : By Type
3.9.1 Global SiC Power Device Market, By Type Overview
3.9.2 Market Attractiveness Analysis of Global SiC Power Device Market, By Type (2025-2030)
3.9.3 Global SiC Power Device Market Size, By MOSFETS, By Value, 2020H-2030F (USD Million & CAGR)
3.9.4 Global SiC Power Device Market Size, By Hybrid Modules, By Value, 2020H-2030F (USD Million & CAGR)
3.9.5 Global SiC Power Device Market Size, By Schotty Barrier Diodes (SBDS), By Value, 2020H-2030F (USD Million & CAGR)
3.9.6 Global SiC Power Device Market Size, By Bipolar Junction Transistor, By Value, 2020H-2030F (USD Million & CAGR)
3.9.7 Global SiC Power Device Market Size, By Other Types, By Value, 2020H-2030F (USD Million & CAGR)
3.10 Global SiC Power Device Market Segmentation : By Application
3.10.1 Global SiC Power Device Market, By Application Overview
3.10.2 Market Attractiveness Analysis of Global SiC Power Device Market, By Application (2025-2030)
3.10.3 Global SiC Power Device Market Size, By Automotive, By Value, 2020H-2030F (USD Million & CAGR)
3.10.4 Global SiC Power Device Market Size, By Energy, By Value, 2020H-2030F (USD Million & CAGR)
3.10.5 Global SiC Power Device Market Size, By Industrial, By Value, 2020H-2030F (USD Million & CAGR)
3.10.6 Global SiC Power Device Market Size, By Transportation, By Value, 2020H-2030F (USD Million & CAGR)
3.10.7 Global SiC Power Device Market Size, By Other Applications, By Value, 2020H-2030F (USD Million & CAGR)
4. SiC Power Device Market, Region Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas SiC Power Device Market: Historic and Forecast
5.1 Americas SiC Power Device Market: Snapshot
5.2 Americas SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
5.3 Americas SiC Power Device Market: Key Factors
5.4 Americas SiC Power Device Market: Segment Analysis
5.5 Americas SiC Power Device Market Segmentation : By Voltage
5.5.1 Americas SiC Power Device Market, By Voltage Overview
5.5.2 Americas SiC Power Device Market Size, By 300-900 V, By Value, 2020H-2030F (USD Million & CAGR)
5.5.3 Americas SiC Power Device Market Size, By 901-1700 V, By Value, 2020H-2030F (USD Million & CAGR)
5.5.4 Americas SiC Power Device Market Size, By Above 1700 V, By Value, 2020H-2030F (USD Million & CAGR)
5.6 Americas SiC Power Device Market Segmentation : By Type
5.6.1 Americas SiC Power Device Market, By Type Overview
5.6.2 Americas SiC Power Device Market Size, By MOSFETS, By Value, 2020H-2030F (USD Million & CAGR)
5.6.3 Americas SiC Power Device Market Size, By Hybrid Modules, By Value, 2020H-2030F (USD Million & CAGR)
5.6.4 Americas SiC Power Device Market Size, By Schotty Barrier Diodes (SBDS), By Value, 2020H-2030F (USD Million & CAGR)
5.6.5 Americas SiC Power Device Market Size, By Bipolar Junction Transistor, By Value, 2020H-2030F (USD Million & CAGR)
5.6.6 Americas SiC Power Device Market Size, By Other Types, By Value, 2020H-2030F (USD Million & CAGR)
5.7 Americas SiC Power Device Market Segmentation : By Application
5.7.1 Americas SiC Power Device Market, By Application Overview
5.7.2 Americas SiC Power Device Market Size, By Automotive, By Value, 2020H-2030F (USD Million & CAGR)
5.7.3 Americas SiC Power Device Market Size, By Energy, By Value, 2020H-2030F (USD Million & CAGR)
5.7.4 Americas SiC Power Device Market Size, By Industrial, By Value, 2020H-2030F (USD Million & CAGR)
5.7.5 Americas SiC Power Device Market Size, By Transportation, By Value, 2020H-2030F (USD Million & CAGR)
5.7.6 Americas SiC Power Device Market Size, By Other Applications, By Value, 2020H-2030F (USD Million & CAGR)
5.8 Americas SiC Power Device Market Segmentation : By Country
5.8.1 Americas SiC Power Device Market, by Country Overview
5.8.2 United States SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
5.8.2.1 United States SiC Power Device Market, By Voltage
5.8.2.2 United States SiC Power Device Market, By Type
5.8.2.3 United States SiC Power Device Market, By Application
5.8.3 Brazil SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
5.8.3.1 Brazil SiC Power Device Market, By Voltage
5.8.3.2 Brazil SiC Power Device Market, By Type
5.8.3.3 Brazil SiC Power Device Market, By Application
5.8.4 Canada SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
5.8.4.1 Canada SiC Power Device Market, By Voltage
5.8.4.2 Canada SiC Power Device Market, By Type
5.8.4.3 Canada SiC Power Device Market, By Application
5.8.5 Rest of Americas SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
5.8.5.1 Rest of Americas SiC Power Device Market, By Voltage
5.8.5.2 Rest of Americas SiC Power Device Market, By Type
5.8.5.3 Rest of Americas SiC Power Device Market, By Application
6. Europe SiC Power Device Market: Historic and Forecast
6.1 Europe SiC Power Device Market: Snapshot
6.2 Europe SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
6.3 Europe SiC Power Device Market: Key Factors
6.4 Europe SiC Power Device Market: Segment Analysis
6.5 Europe SiC Power Device Market Segmentation : By Voltage
6.5.1 Europe SiC Power Device Market, By Voltage Overview
6.5.2 Europe SiC Power Device Market Size, By 300-900 V, By Value, 2020H-2030F (USD Million & CAGR)
6.5.3 Europe SiC Power Device Market Size, By 901-1700 V, By Value, 2020H-2030F (USD Million & CAGR)
6.5.4 Europe SiC Power Device Market Size, By Above 1700 V, By Value, 2020H-2030F (USD Million & CAGR)
6.6 Europe SiC Power Device Market Segmentation : By Type
6.6.1 Europe SiC Power Device Market, By Type Overview
6.6.2 Europe SiC Power Device Market Size, By MOSFETS, By Value, 2020H-2030F (USD Million & CAGR)
6.6.3 Europe SiC Power Device Market Size, By Hybrid Modules, By Value, 2020H-2030F (USD Million & CAGR)
6.6.4 Europe SiC Power Device Market Size, By Schotty Barrier Diodes (SBDS), By Value, 2020H-2030F (USD Million & CAGR)
6.6.5 Europe SiC Power Device Market Size, By Bipolar Junction Transistor, By Value, 2020H-2030F (USD Million & CAGR)
6.6.6 Europe SiC Power Device Market Size, By Other Types, By Value, 2020H-2030F (USD Million & CAGR)
6.7 Europe SiC Power Device Market Segmentation : By Application
6.7.1 Europe SiC Power Device Market, By Application Overview
6.7.2 Europe SiC Power Device Market Size, By Automotive, By Value, 2020H-2030F (USD Million & CAGR)
6.7.3 Europe SiC Power Device Market Size, By Energy, By Value, 2020H-2030F (USD Million & CAGR)
6.7.4 Europe SiC Power Device Market Size, By Industrial, By Value, 2020H-2030F (USD Million & CAGR)
6.7.5 Europe SiC Power Device Market Size, By Transportation, By Value, 2020H-2030F (USD Million & CAGR)
6.7.6 Europe SiC Power Device Market Size, By Other Applications, By Value, 2020H-2030F (USD Million & CAGR)
6.8 Europe SiC Power Device Market Segmentation : By Country
6.8.1 Europe SiC Power Device Market, by Country Overview
6.8.2 Germany SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
6.8.2.1 Germany SiC Power Device Market, By Voltage
6.8.2.2 Germany SiC Power Device Market, By Type
6.8.2.3 Germany SiC Power Device Market, By Application
6.8.3 United Kingdom SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
6.8.3.1 United Kingdom SiC Power Device Market, By Voltage
6.8.3.2 United Kingdom SiC Power Device Market, By Type
6.8.3.3 United Kingdom SiC Power Device Market, By Application
6.8.4 France SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
6.8.4.1 France SiC Power Device Market, By Voltage
6.8.4.2 France SiC Power Device Market, By Type
6.8.4.3 France SiC Power Device Market, By Application
6.8.6 Rest of Europe SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
6.8.6.1 Rest of Europe SiC Power Device Market, By Voltage
6.8.6.2 Rest of Europe SiC Power Device Market, By Type
6.8.6.3 Rest of Europe SiC Power Device Market, By Application
7. Asia Pacific SiC Power Device Market: Historic and Forecast
7.1 Asia Pacific SiC Power Device Market: Snapshot
7.2 Asia Pacific SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
7.3 Asia Pacific SiC Power Device Market: Key Factors
7.4 Asia Pacific SiC Power Device Market: Segment Analysis
7.5 Asia Pacific SiC Power Device Market Segmentation : By Voltage
7.5.1 Asia Pacific SiC Power Device Market, By Voltage Overview
7.5.2 Asia Pacific SiC Power Device Market Size, By 300-900 V, By Value, 2020H-2030F (USD Million & CAGR)
7.5.3 Asia Pacific SiC Power Device Market Size, By 901-1700 V, By Value, 2020H-2030F (USD Million & CAGR)
7.5.4 Asia Pacific SiC Power Device Market Size, By Above 1700 V, By Value, 2020H-2030F (USD Million & CAGR)
7.6 Asia Pacific SiC Power Device Market Segmentation : By Type
7.6.1 Asia Pacific SiC Power Device Market, By Type Overview
7.6.2 Asia Pacific SiC Power Device Market Size, By MOSFETS, By Value, 2020H-2030F (USD Million & CAGR)
7.6.3 Asia Pacific SiC Power Device Market Size, By Hybrid Modules, By Value, 2020H-2030F (USD Million & CAGR)
7.6.4 Asia Pacific SiC Power Device Market Size, By Schotty Barrier Diodes (SBDS), By Value, 2020H-2030F (USD Million & CAGR)
7.6.5 Asia Pacific SiC Power Device Market Size, By Bipolar Junction Transistor, By Value, 2020H-2030F (USD Million & CAGR)
7.6.6 Asia Pacific SiC Power Device Market Size, By Other Types, By Value, 2020H-2030F (USD Million & CAGR)
7.7 Asia Pacific SiC Power Device Market Segmentation : By Application
7.7.1 Asia Pacific SiC Power Device Market, By Application Overview
7.7.2 Asia Pacific SiC Power Device Market Size, By Automotive, By Value, 2020H-2030F (USD Million & CAGR)
7.7.3 Asia Pacific SiC Power Device Market Size, By Energy, By Value, 2020H-2030F (USD Million & CAGR)
7.7.4 Asia Pacific SiC Power Device Market Size, By Industrial, By Value, 2020H-2030F (USD Million & CAGR)
7.7.5 Asia PacificSiC Power Device Market Size, By Transportation, By Value, 2020H-2030F (USD Million & CAGR)
7.7.6 Asia Pacific SiC Power Device Market Size, By Other Applications, By Value, 2020H-2030F (USD Million & CAGR)
7.8 Asia Pacific SiC Power Device Market Segmentation : By Country
7.8.1 Asia Pacific SiC Power Device Market, by Country Overview
7.8.2 China SiC Power Device Market : Market Size and CAGR, 2020-2030 (USD Million & CAGR)
7.8.2.1 China SiC Power Device Market, By Voltage
7.8.2.2 China SiC Power Device Market, By Type
7.8.2.3 China SiC Power Device Market, By Application
7.8.3 India SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
7.8.3.1 India SiC Power Device Market, By Voltage
7.8.3.2 India SiC Power Device Market, By Type
7.8.3.3 India SiC Power Device Market, By Application
7.8.4 Japan SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
7.8.4.1 Japan SiC Power Device Market, By Voltage
7.8.4.2 Japan SiC Power Device Market, By Type
7.8.4.3 Japan SiC Power Device Market, By Application
7.8.5 South Korea SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
7.8.5.1 South Korea SiC Power Device Market, By Voltage
7.8.5.2 South Korea SiC Power Device Market, By Type
7.8.5.3 South Korea SiC Power Device Market, By Application
7.8.6 Rest of Asia Pacific SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
7.8.6.1 Rest of Asia Pacific SiC Power Device Market, By Voltage
7.8.6.2 Rest of Asia Pacific SiC Power Device Market, By Type
7.8.6.3 Rest of Asia Pacific SiC Power Device Market, By Application
8. Middle East & Africa SiC Power Device Market: Historic and Forecast
8.1 Middle East & Africa SiC Power Device Market: Snapshot
8.2 Middle East & Africa SiC Power Device Market: Market Size and CAGR, 2020-2030 (USD Million & CAGR)
8.3 Middle East & Africa SiC Power Device Market: Key Factors
8.4 Middle East and Africa SiC Power Device Market: Segment Analysis
8.5 Middle East & Africa SiC Power Device Market Segmentation : By Voltage
8.5.1 Middle East & Africa SiC Power Device Market, By Voltage Overview
8.5.2 Middle East & Africa SiC Power Device Market Size, By 300-900 V, By Value, 2020H-2030F (USD Million & CAGR)
8.5.3 Middle East & Africa SiC Power Device Market Size, By 901-1700 V, By Value, 2020H-2030F (USD Million & CAGR)
8.5.4 Middle East & Africa SiC Power Device Market Size, By Above V, By Value, 2020H-2030F (USD Million & CAGR)
8.6 Middle East & Africa SiC Power Device Market Segmentation : By Type
8.6.1 Middle East & Africa SiC Power Device Market, By Type Overview
8.6.2 Middle East & Africa SiC Power Device Market Size, By MOSFETS, By Value, 2020H-2030F (USD Million & CAGR)
8.6.3 Middle East & Africa SiC Power Device Market Size, By Hybrid Modules, By Value, 2020H-2030F (USD Million & CAGR)
8.6.4 Middle East & Africa SiC Power Device Market Size, By Schotty Barrier Diodes (SBDS), By Value, 2020H-2030F (USD Million & CAGR)
8.6.5 Middle East & Africa SiC Power Device Market Size, By Bipolar Junction Transistor, By Value, 2020H-2030F (USD Million & CAGR)
8.6.6 Middle East & Africa SiC Power Device Market Size, By Other Types, By Value, 2020H-2030F (USD Million & CAGR)
8.7 Middle East & Africa SiC Power Device Market Segmentation : By Application
8.7.1 Middle East & Africa SiC Power Device Market, By Application Overview
8.7.2 Middle East & Africa SiC Power Device Market Size, By Automotive, By Value, 2020H-2030F (USD Million & CAGR)
8.7.3 Middle East & Africa SiC Power Device Market Size, By Energy, By Value, 2020H-2030F (USD Million & CAGR)
8.7.4 Middle East & Africa SiC Power Device Market Size, By Industrial, By Value, 2020H-2030F (USD Million & CAGR)
8.7.5 Middle East & Africa SiC Power Device Market Size, By Transportation, By Value, 2020H-2030F (USD Million & CAGR)
8.7.6 Middle East & Africa SiC Power Device Market Size, By Other Applications, By Value, 2020H-2030F (USD Million & CAGR)
9. Market Dynamics
9.1 Impact assessment of Market Dynamics on SiC Power Device Market
9.2 Drivers
9.3 Restraints
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Value Chain Analysis of Global SiC Power Device Market
10.2 Porter Analysis of Global SiC Power Device Market
11. Competitive Positioning
11.1 Companies' Voltage Positioning
11.2 Market Position Matrix
11.3 Market Share Analysis of SiC Power Device Market
11.4 Company Profiles
11.4.1 Wolfspeed Inc.
11.4.2 Infineon Technologies AG
11.4.3 STMicroelectronics NV
11.4.4 ROHM Semiconductor Co. Ltd.
11.4.5 ON Semiconductor
11.4.6 Microchip Technology Inc.
11.4.7 Mitsubishi Electric Corporation
11.4.8 Texas Instruments Incorporated
11.4.9 Renesas Electronics Corp
11.4.10 Fuji Electric Co. Ltd.
12. About Us & Disclaimer
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