SiC Power Modules Market 2025-2032
The global SiC Power Modules Market was valued at 1655 million in 2024 and is projected to reach US$ 10800 million by 2031, at a CAGR of 31.5% during the forecast period.
A SiC power module is a power module that uses a Silicon Carbide semiconductor as switches. A Silicon Carbide power module is used to transform electrical power, which is the product of current and voltage with high conversion efficiency.
The key players of SiC MOSFET modules are STMicroelectronics, Infineon, Wolfspeed, Rohm, Onsemi, BYD Semiconductor, Microchip (Microsemi), Mitsubishi Electric (Vincotech) and Semikron Danfoss, etc.
We have surveyed the SiC Power Modules 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
This report aims to provide a comprehensive presentation of the global market for SiC Power Modules, 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 SiC Power Modules. This report contains market size and forecasts of SiC Power Modules in global, including the following market information:
- Global SiC Power Modules market revenue, 2020-2025, 2026-2031, ($ millions)
- Global SiC Power Modules market sales, 2020-2025, 2026-2031, (K Units)
- Global top five SiC Power Modules companies in 2024 (%)
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- Rapid Adoption in EV and Automotive Sector
SiC modules are increasingly used in electric vehicles (EVs) for improved efficiency and extended driving range. - Rise in Renewable Energy Integration
The demand for clean energy sources like solar and wind power is pushing the adoption of SiC modules in power inverters and storage systems. - Shift Towards Full SiC Modules
Full SiC modules are replacing hybrid versions due to their better performance in high-power applications. - Miniaturization and High-Power Density
Ongoing innovation is enabling smaller, lighter modules with higher power output. - Increased Investment in Infrastructure
Growth in EV charging stations and smart grids is accelerating the market for SiC modules.
Global SiC Power Modules market, by Type, 2020-2025, 2026-2031 ($ millions) & (K Units)
Global SiC Power Modules market segment percentages, by Type, 2024 (%)
- Hybrid SiC Modules
- Full SiC Modules
Global SiC Power Modules market, by Application, 2020-2025, 2026-2031 ($ Millions) & (K Units)
Global SiC Power Modules 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
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies SiC Power Modules revenues in global market, 2020-2025 (estimated), ($ millions)
- Key companies SiC Power Modules revenues share in global market, 2024 (%)
- Key companies SiC Power Modules sales in global market, 2020-2025 (estimated), (K Units)
- Key companies SiC Power Modules 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
- Toshiba
- Littelfuse (IXYS)
- SemiQ
- Bosch
- GE Aerospace
- KEC Corporation
- SanRex
- Cissoid
- BASiC Semiconductor
- CETC 55
- Zhuzhou CRRC Times Electric
- StarPower
- Guangdong AccoPower Semiconductor
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Q: What are the key driving factors and opportunities in the SiC Power Modules market?
A: Key drivers include rising EV adoption, renewable energy demand, and efficiency needs. Opportunities lie in fast-charging stations and data center applications.
Q: Which region is projected to have the largest market share?
A: Asia Pacific is expected to lead the market due to strong EV production and renewable energy investments in countries like China and Japan.
Q: Who are the top players in the global SiC Power Modules market?
A: Major players include STMicroelectronics, Infineon, Wolfspeed, Rohm, Onsemi, BYD Semiconductor, and Mitsubishi Electric.
Q: What are the latest technological advancements in the industry?
A: Recent innovations include full SiC modules, miniaturized designs, and improved thermal management for high-power applications.
Q: What is the current size of the global SiC Power Modules market?
A: The market is valued at USD 1,655 million in 2024 and is projected to grow rapidly through 2031.