Silicon Carbide Power Semiconductor Market Size, Share, Opportunities, And Trends By Type (SiC Discrete Devices, SiC Modules), By Voltage Range (Low Voltage, Medium Voltage, High Voltage), By Application (Power Supplies & Inverters, EV & HEV, Industrial Motor Drives, Renewable Energy, Others), By End-User Industry (Automotive, Energy & Power, Industrial, Consumer Electronics, Aerospace & Defense, Others), And By Geography – Forecasts From 2025 To 2030

Silicon Carbide Power Semiconductor Market Size:

Silicon carbide power semiconductors market is valued at US$1.879 billion in 2025 is projected to grow at a CAGR of 19.49% to reach US$4.576 billion in 2030.

The silicon carbide power semiconductors market is expected to witness robust growth during the forecast period, owing to advantages such as low conductance loss at high temperatures and low input and switching losses compared to conventional silicon power semiconductors. Silicon carbide-based semiconductors are applicable in areas where high temperature, high voltage, and high power density are required. The silicon carbide power semiconductors market is driven by the increasing demand for advanced integrated chips operating at high temperatures and voltage, and the booming electronics industry. One of the major restraints associated with this market is the huge initial capital investment required for the setup of manufacturing facilities. However, the increasing demand for silicon carbide-based photovoltaic cells in developing and emerging economies is expected to create numerous opportunities for growth. In addition, a rise in government investment and an increase in the application of solar power in various fields are expected to propel the market growth further.

Silicon Carbide Power Semiconductor Market Growth Drivers:

The silicon carbide power semiconductor market is witnessing robust growth across industry verticals, with power electronics and automotive sectors leading the demand. In power electronics, silicon carbide devices are increasingly being adopted in renewable energy systems, such as solar inverters and wind turbine converters, due to their ability to operate at high voltages and frequencies while minimizing energy losses. Additionally, in the automotive sector, silicon carbide semiconductors are critical for electric vehicles (EVs), enabling faster charging, extended range, and improved performance through their use in onboard chargers, DC-DC converters, and traction inverters. Furthermore, the industrial sector leverages silicon carbide for high-power applications like motor drives and uninterruptible power supplies (UPS), where durability and energy efficiency are of utmost importance. These verticals are driving market expansion as industries focus on sustainability and performance.

Silicon Carbide Power Semiconductor Market Geographical Outlook:

• Asia Pacific is projected to grow at the highest rate compared to other regions. The power sector in the Asia Pacific is expected to boost the demand for silicon carbide semiconductor devices. 

The global Silicon Carbide (SiC) Power Semiconductor market report provides an in-depth exploration of the industry landscape, offering strategic and executive-level insights backed by data-driven analysis and forecasts. Regularly updated, this report empowers decision-makers with actionable intelligence on current market trends, emerging opportunities, and competitive dynamics. It examines demand across various SiC power semiconductor types, such as discrete devices and modules, while highlighting their adoption across key geographies. The report also covers the latest technological advancements, key government policies, regulations, and macroeconomic factors to deliver a comprehensive market perspective.

Silicon Carbide Power Semiconductor Market Segmentations:

Silicon Carbide Power Semiconductor Market Segmentation by type:

The SiC power semiconductor market is analyzed by type into the following:

• SiC Discrete Devices
• SiC Modules

Silicon Carbide Power Semiconductor Market Segmentation by voltage range:

The SiC power semiconductor market is analyzed by voltage range into the following:

• Low Voltage (< 900V)
• Medium Voltage (900V - 1700V)
• High Voltage (> 1700V)

Silicon Carbide Power Semiconductor Market Segmentation by application:

The SiC power semiconductor market is analyzed by application into the following:

• Power Supplies & Inverters
• Electric Vehicles (EV) & Hybrid Electric Vehicles (HEV)
• Industrial Motor Drives
• Renewable Energy
• Others

Silicon Carbide Power Semiconductor Market Segmentation by end-user industry:

The SiC power semiconductor market is analyzed by end-user industry into the following:

• Automotive
• Energy & Power
• Industrial
• Consumer Electronics
• Aerospace & Defense
• Others

Silicon Carbide Power Semiconductor Market Segmentation by regions:

The study also analysed the Silicon carbide power semiconductor market into the following regions, with country level forecasts and analysis as below:

• Americas (US)
• Europe Middle East and Africa (Germany, Netherlands and Others)
• Asia Pacific (China, Japan, Taiwan, South Korea, and Others)

Silicon Carbide Power Semiconductor Market Competitive Landscape:

The global silicon carbide power semiconductor market is marked by the presence of key players such as Infineon Technologies AG, Wolfspeed, ON Semiconductor, STMicroelectronics, ROHM Co., Ltd., Mitsubishi Electric Corporation, Texas Instruments Incorporated, Littelfuse, Inc., Toshiba Corporation, Fuji Electric Co., Ltd., and Renesas Electronics Corporation. 

Silicon Carbide Power Semiconductor Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• SiC power semiconductor market size, forecasts, and trends by type, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by market players, and major growth areas.
• Silicon carbide power semiconductor market size, forecasts, and trends by voltage range and application, with historical revenue data and sales analysis.
• Silicon carbide power semiconductor market size, forecasts, and trends by end-user industry, focusing on sales data and analysis.
• Silicon carbide power semiconductor market is also analysed across different regions, with historical data, regional share, attractiveness and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario and other complementing factors aiding in market growth. 
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents complete market scenario with the help of Porter’s five forces model. 
• Competitive Intelligence: A thorough investigation on the competitive structure of the market presented through proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players and recent major developments undertaken by the companies to gain competitive edge. 
• Research methodology: The assumptions and sources which were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented. 

How this report is helpful to you and reasons for purchase?

• The report provides a strategic outlook of the Silicon carbide power semiconductor market to the decision-makers, analysts and other stakeholders in the easy to read format for taking informed decisions.
• The charts, tables and figures make it easy for the executives to gain valuable insights while skimming the report. 
• Analyst support through calls and email for timely clarification and incorporating additional requests. 
• Option of presentation or doc format with the estimates file to take care of diverse requirements. 
• 15% FREE customization with all our reports help cater additional requirements with significant cost-savings. 
• Option of purchasing specific segments of the study, including opting for summary reports or just the estimates file. 

Silicon Carbide Power Semiconductor Market Scope:

Report Metric	Details
Silicon Carbide Power Semiconductor Market Size in 2025	US$1.879 billion
Silicon Carbide Power Semiconductor Market Size in 2030	US$4.576 billion
Growth Rate	CAGR of 19.49%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Type Voltage Range Application End-User Industry Geography
Geographical Segmentation	Americas, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Silicon Carbide Power Semiconductor Market	Infineon Technologies AG Wolfspeed ON Semiconductor STMicroelectronics ROHM Co., Ltd.
Customization Scope	Free report customization with purchase

 

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. SILICON CARBIDE POWER SEMICONDUCTOR MARKET BY TYPE

5.1. Introduction

5.2. SiC Discrete Devices

5.3. SiC Modules

6. SILICON CARBIDE POWER SEMICONDUCTOR MARKET BY VOLTAGE RANGE

6.1. Introduction

6.2. Low Voltage (< 900V)

6.3. Medium Voltage (900V - 1700V)

6.4. High Voltage (> 1700V)

7. SILICON CARBIDE POWER SEMICONDUCTOR MARKET BY APPLICATION

7.1. Introduction

7.2. Power Supplies & Inverters

7.3. Electric Vehicles (EV) & Hybrid Electric Vehicles (HEV)

7.4. Industrial Motor Drives

7.5. Renewable Energy (Solar & Wind)

7.6. Others

8. SILICON CARBIDE POWER SEMICONDUCTOR MARKET BY END-USER INDUSTRY

8.1. Introduction

8.2. Automotive

8.3. Energy & Power

8.4. Industrial

8.5. Consumer Electronics

8.6. Aerospace & Defense

8.7. Others

9. SILICON CARBIDE POWER SEMICONDUCTOR MARKET BY GEOGRAPHY

9.1. Introduction

9.2. Americas

9.2.1. USA

9.3. Europe Middle East and Africa

9.3.1. Germany

9.3.2. Netherlands

9.3.3. Others

9.4. Asia Pacific

9.4.1. China

9.4.2. Japan

9.4.3. Taiwan

9.4.4. South Korea

9.4.5. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Infineon Technologies AG

11.2. Wolfspeed

11.3. ON Semiconductor

11.4. STMicroelectronics

11.5. ROHM Co., Ltd.

11.6. Mitsubishi Electric Corporation

11.7. Texas Instruments Incorporated

11.8. Littelfuse, Inc.

11.9. Toshiba Corporation

11.10. Fuji Electric Co., Ltd.

11.11. Renesas Electronics Corporation

12. APPENDIX

12.1. Currency 

12.2. Assumptions

12.3. Base and Forecast Years Timeline

12.4. Key benefits for the stakeholders

12.5. Research Methodology 

12.6. Abbreviations 

Infineon Technologies AG

Wolfspeed

ON Semiconductor

STMicroelectronics

ROHM Co., Ltd.

Mitsubishi Electric Corporation

Texas Instruments Incorporated

Littelfuse, Inc.

Toshiba Corporation

Fuji Electric Co., Ltd.

Renesas Electronics Corporation