SiC for power electronics:Silicon carbide (SiC) is a growing alternative to silicon based electronics components especially in wide bandgap applications. The material offers a unique combination of greater power efficiency, smaller size, lighter weight and lower overall cost of the systems.Silicon Carbide could be the key to the future of sustainable energy. SiC power semiconductors can increase the efficiency of energy conversion, withstand higher voltages and currents, and withstand higher operating temperatures than conventional silicon-based devices. All of these factors offer essential advantages for devices such as data center power supplies, wind or solar power modules, and electric vehicle drive converters.
The global SiC Based Power Electronic market is projected to reach US$ 997.1 million in 2029, increasing from US$ 680 million in 2022, with the CAGR of 5.7% during the period of 2023 to 2029.
The global SiC (silicon carbide) based power electronics market refers to the market for power electronic devices that utilize silicon carbide as the semiconductor material. SiC-based power electronics offer several advantages over traditional silicon-based devices, including higher efficiency, improved power density, and higher temperature tolerance.
Here are some key features and trends in the global SiC-based power electronics market:
Growing Demand for Electric Vehicles (EVs): The increasing adoption of electric vehicles is a significant driver for the SiC-based power electronics market. SiC power devices enable higher efficiency and power density in EVs, leading to longer driving ranges, faster charging times, and improved overall performance. As governments worldwide promote the electrification of transportation, the demand for SiC-based power electronics in the automotive sector is expected to grow significantly.
Renewable Energy Integration: The integration of renewable energy sources, such as solar and wind, into the power grid requires efficient power conversion and management systems. SiC-based power electronics offer higher efficiency and improved thermal management, making them ideal for renewable energy applications. SiC devices enable higher power densities, reduce energy losses, and enhance the overall performance of grid-tied inverters and energy storage systems.
Industrial and Power Generation Applications: The industrial sector and power generation industry are adopting SiC-based power electronics due to their high-temperature tolerance and improved efficiency. SiC devices can withstand higher operating temperatures, enabling them to operate reliably in harsh environments. In power generation, SiC-based devices are used in power converters, inverters, and other high-power applications to improve efficiency and reduce system costs.
Wide Bandgap Semiconductor Technology: SiC is a wide bandgap semiconductor material, offering superior properties compared to conventional silicon. SiC devices can operate at higher temperatures, higher voltages, and switch at higher frequencies. These characteristics translate into reduced energy losses, improved power conversion efficiency, and miniaturization of power electronic systems. The wide bandgap technology of SiC makes it suitable for high-power and high-speed applications, driving its adoption in various industries.
R&D and Technological Advancements: The SiC-based power electronics market is witnessing continuous research and development activities to improve device performance, reliability, and reduce costs. Manufacturers are investing in the development of new SiC substrates, device architectures, and fabrication processes to enhance power device efficiency and lower production costs. Technological advancements, such as the introduction of 150 mm and 200 mm SiC wafers, are expected to further drive the adoption of SiC-based power electronics.
Regional Market Growth: The adoption of SiC-based power electronics varies across regions. The market is relatively mature in North America and Europe, driven by the presence of established players and increasing demand for high-power applications. In Asia Pacific, the SiC-based power electronics market is growing rapidly, primarily due to the booming electric vehicle industry, government initiatives for renewable energy integration, and rising industrialization.
In conclusion, the global SiC-based power electronics market is witnessing significant growth due to the increasing adoption of electric vehicles, integration of renewable energy sources, and demand for high-power industrial applications. SiC offers superior properties compared to traditional silicon, enabling higher efficiency and temperature tolerance. With ongoing technological advancements and the emphasis on clean energy solutions, the SiC-based power electronics market is expected to continue growing in the future.The global SiC (silicon carbide) based power electronics market refers to the market for power electronic devices that utilize silicon carbide as the semiconductor material. SiC-based power electronics offer several advantages over traditional silicon-based devices, including higher efficiency, improved power density, and higher temperature tolerance.
Here are some key features and trends in the global SiC-based power electronics market:
Growing Demand for Electric Vehicles (EVs): The increasing adoption of electric vehicles is a significant driver for the SiC-based power electronics market. SiC power devices enable higher efficiency and power density in EVs, leading to longer driving ranges, faster charging times, and improved overall performance. As governments worldwide promote the electrification of transportation, the demand for SiC-based power electronics in the automotive sector is expected to grow significantly.
Renewable Energy Integration: The integration of renewable energy sources, such as solar and wind, into the power grid requires efficient power conversion and management systems. SiC-based power electronics offer higher efficiency and improved thermal management, making them ideal for renewable energy applications. SiC devices enable higher power densities, reduce energy losses, and enhance the overall performance of grid-tied inverters and energy storage systems.
Industrial and Power Generation Applications: The industrial sector and power generation industry are adopting SiC-based power electronics due to their high-temperature tolerance and improved efficiency. SiC devices can withstand higher operating temperatures, enabling them to operate reliably in harsh environments. In power generation, SiC-based devices are used in power converters, inverters, and other high-power applications to improve efficiency and reduce system costs.
Wide Bandgap Semiconductor Technology: SiC is a wide bandgap semiconductor material, offering superior properties compared to conventional silicon. SiC devices can operate at higher temperatures, higher voltages, and switch at higher frequencies. These characteristics translate into reduced energy losses, improved power conversion efficiency, and miniaturization of power electronic systems. The wide bandgap technology of SiC makes it suitable for high-power and high-speed applications, driving its adoption in various industries.
R&D and Technological Advancements: The SiC-based power electronics market is witnessing continuous research and development activities to improve device performance, reliability, and reduce costs. Manufacturers are investing in the development of new SiC substrates, device architectures, and fabrication processes to enhance power device efficiency and lower production costs. Technological advancements, such as the introduction of 150 mm and 200 mm SiC wafers, are expected to further drive the adoption of SiC-based power electronics.
Regional Market Growth: The adoption of SiC-based power electronics varies across regions. The market is relatively mature in North America and Europe, driven by the presence of established players and increasing demand for high-power applications. In Asia Pacific, the SiC-based power electronics market is growing rapidly, primarily due to the booming electric vehicle industry, government initiatives for renewable energy integration, and rising industrialization.
In conclusion, the global SiC-based power electronics market is witnessing significant growth due to the increasing adoption of electric vehicles, integration of renewable energy sources, and demand for high-power industrial applications. SiC offers superior properties compared to traditional silicon, enabling higher efficiency and temperature tolerance. With ongoing technological advancements and the emphasis on clean energy solutions, the SiC-based power electronics market is expected to continue growing in the future.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global SiC Based Power Electronic market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
STMicroelectronics
Cree, Inc.
ON Semiconductor
ROHM CO., LTD.
Infineon Technologies AG
NXP Semiconductor NV
ABB Group
Renesas Electronics Corporation
Fuji Electric Co, Ltd.
Mitsubishi Electric Corp.
Segment by Type
Silicon-based MOSFET
Silicon-based IGBT
Segment by Application
Automotive
Consumer Electronics
IT & Telecommunication
Aerospace & Defense
Others
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The SiC Based Power Electronic report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 SiC Based Power Electronic Market Overview
1.1 Product Definition
1.2 SiC Based Power Electronic Segment by Type
1.2.1 Global SiC Based Power Electronic Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Silicon-based MOSFET
1.2.3 Silicon-based IGBT
1.3 SiC Based Power Electronic Segment by Application
1.3.1 Global SiC Based Power Electronic Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Automotive
1.3.3 Consumer Electronics
1.3.4 IT & Telecommunication
1.3.5 Aerospace & Defense
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global SiC Based Power Electronic Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global SiC Based Power Electronic Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global SiC Based Power Electronic Production Estimates and Forecasts (2018-2029)
1.4.4 Global SiC Based Power Electronic Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global SiC Based Power Electronic Production Market Share by Manufacturers (2018-2023)
2.2 Global SiC Based Power Electronic Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of SiC Based Power Electronic, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global SiC Based Power Electronic Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global SiC Based Power Electronic Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of SiC Based Power Electronic, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of SiC Based Power Electronic, Product Offered and Application
2.8 Global Key Manufacturers of SiC Based Power Electronic, Date of Enter into This Industry
2.9 SiC Based Power Electronic Market Competitive Situation and Trends
2.9.1 SiC Based Power Electronic Market Concentration Rate
2.9.2 Global 5 and 10 Largest SiC Based Power Electronic Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 SiC Based Power Electronic Production by Region
3.1 Global SiC Based Power Electronic Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global SiC Based Power Electronic Production Value by Region (2018-2029)
3.2.1 Global SiC Based Power Electronic Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of SiC Based Power Electronic by Region (2024-2029)
3.3 Global SiC Based Power Electronic Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global SiC Based Power Electronic Production by Region (2018-2029)
3.4.1 Global SiC Based Power Electronic Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of SiC Based Power Electronic by Region (2024-2029)
3.5 Global SiC Based Power Electronic Market Price Analysis by Region (2018-2023)
3.6 Global SiC Based Power Electronic Production and Value, Year-over-Year Growth
3.6.1 North America SiC Based Power Electronic Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe SiC Based Power Electronic Production Value Estimates and Forecasts (2018-2029)
3.6.3 China SiC Based Power Electronic Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan SiC Based Power Electronic Production Value Estimates and Forecasts (2018-2029)
3.6.5 South Korea SiC Based Power Electronic Production Value Estimates and Forecasts (2018-2029)
4 SiC Based Power Electronic Consumption by Region
4.1 Global SiC Based Power Electronic Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global SiC Based Power Electronic Consumption by Region (2018-2029)
4.2.1 Global SiC Based Power Electronic Consumption by Region (2018-2023)
4.2.2 Global SiC Based Power Electronic Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America SiC Based Power Electronic Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America SiC Based Power Electronic Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe SiC Based Power Electronic Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe SiC Based Power Electronic Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific SiC Based Power Electronic Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific SiC Based Power Electronic Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa SiC Based Power Electronic Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa SiC Based Power Electronic Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global SiC Based Power Electronic Production by Type (2018-2029)
5.1.1 Global SiC Based Power Electronic Production by Type (2018-2023)
5.1.2 Global SiC Based Power Electronic Production by Type (2024-2029)
5.1.3 Global SiC Based Power Electronic Production Market Share by Type (2018-2029)
5.2 Global SiC Based Power Electronic Production Value by Type (2018-2029)
5.2.1 Global SiC Based Power Electronic Production Value by Type (2018-2023)
5.2.2 Global SiC Based Power Electronic Production Value by Type (2024-2029)
5.2.3 Global SiC Based Power Electronic Production Value Market Share by Type (2018-2029)
5.3 Global SiC Based Power Electronic Price by Type (2018-2029)
6 Segment by Application
6.1 Global SiC Based Power Electronic Production by Application (2018-2029)
6.1.1 Global SiC Based Power Electronic Production by Application (2018-2023)
6.1.2 Global SiC Based Power Electronic Production by Application (2024-2029)
6.1.3 Global SiC Based Power Electronic Production Market Share by Application (2018-2029)
6.2 Global SiC Based Power Electronic Production Value by Application (2018-2029)
6.2.1 Global SiC Based Power Electronic Production Value by Application (2018-2023)
6.2.2 Global SiC Based Power Electronic Production Value by Application (2024-2029)
6.2.3 Global SiC Based Power Electronic Production Value Market Share by Application (2018-2029)
6.3 Global SiC Based Power Electronic Price by Application (2018-2029)
7 Key Companies Profiled
7.1 STMicroelectronics
7.1.1 STMicroelectronics SiC Based Power Electronic Corporation Information
7.1.2 STMicroelectronics SiC Based Power Electronic Product Portfolio
7.1.3 STMicroelectronics SiC Based Power Electronic Production, Value, Price and Gross Margin (2018-2023)
7.1.4 STMicroelectronics Main Business and Markets Served
7.1.5 STMicroelectronics Recent Developments/Updates
7.2 Cree, Inc.
7.2.1 Cree, Inc. SiC Based Power Electronic Corporation Information
7.2.2 Cree, Inc. SiC Based Power Electronic Product Portfolio
7.2.3 Cree, Inc. SiC Based Power Electronic Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Cree, Inc. Main Business and Markets Served
7.2.5 Cree, Inc. Recent Developments/Updates
7.3 ON Semiconductor
7.3.1 ON Semiconductor SiC Based Power Electronic Corporation Information
7.3.2 ON Semiconductor SiC Based Power Electronic Product Portfolio
7.3.3 ON Semiconductor SiC Based Power Electronic Production, Value, Price and Gross Margin (2018-2023)
7.3.4 ON Semiconductor Main Business and Markets Served
7.3.5 ON Semiconductor Recent Developments/Updates
7.4 ROHM CO., LTD.
7.4.1 ROHM CO., LTD. SiC Based Power Electronic Corporation Information
7.4.2 ROHM CO., LTD. SiC Based Power Electronic Product Portfolio
7.4.3 ROHM CO., LTD. SiC Based Power Electronic Production, Value, Price and Gross Margin (2018-2023)
7.4.4 ROHM CO., LTD. Main Business and Markets Served
7.4.5 ROHM CO., LTD. Recent Developments/Updates
7.5 Infineon Technologies AG
7.5.1 Infineon Technologies AG SiC Based Power Electronic Corporation Information
7.5.2 Infineon Technologies AG SiC Based Power Electronic Product Portfolio
7.5.3 Infineon Technologies AG SiC Based Power Electronic Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Infineon Technologies AG Main Business and Markets Served
7.5.5 Infineon Technologies AG Recent Developments/Updates
7.6 NXP Semiconductor NV
7.6.1 NXP Semiconductor NV SiC Based Power Electronic Corporation Information
7.6.2 NXP Semiconductor NV SiC Based Power Electronic Product Portfolio
7.6.3 NXP Semiconductor NV SiC Based Power Electronic Production, Value, Price and Gross Margin (2018-2023)
7.6.4 NXP Semiconductor NV Main Business and Markets Served
7.6.5 NXP Semiconductor NV Recent Developments/Updates
7.7 ABB Group
7.7.1 ABB Group SiC Based Power Electronic Corporation Information
7.7.2 ABB Group SiC Based Power Electronic Product Portfolio
7.7.3 ABB Group SiC Based Power Electronic Production, Value, Price and Gross Margin (2018-2023)
7.7.4 ABB Group Main Business and Markets Served
7.7.5 ABB Group Recent Developments/Updates
7.8 Renesas Electronics Corporation
7.8.1 Renesas Electronics Corporation SiC Based Power Electronic Corporation Information
7.8.2 Renesas Electronics Corporation SiC Based Power Electronic Product Portfolio
7.8.3 Renesas Electronics Corporation SiC Based Power Electronic Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Renesas Electronics Corporation Main Business and Markets Served
7.7.5 Renesas Electronics Corporation Recent Developments/Updates
7.9 Fuji Electric Co, Ltd.
7.9.1 Fuji Electric Co, Ltd. SiC Based Power Electronic Corporation Information
7.9.2 Fuji Electric Co, Ltd. SiC Based Power Electronic Product Portfolio
7.9.3 Fuji Electric Co, Ltd. SiC Based Power Electronic Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Fuji Electric Co, Ltd. Main Business and Markets Served
7.9.5 Fuji Electric Co, Ltd. Recent Developments/Updates
7.10 Mitsubishi Electric Corp.
7.10.1 Mitsubishi Electric Corp. SiC Based Power Electronic Corporation Information
7.10.2 Mitsubishi Electric Corp. SiC Based Power Electronic Product Portfolio
7.10.3 Mitsubishi Electric Corp. SiC Based Power Electronic Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Mitsubishi Electric Corp. Main Business and Markets Served
7.10.5 Mitsubishi Electric Corp. Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 SiC Based Power Electronic Industry Chain Analysis
8.2 SiC Based Power Electronic Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 SiC Based Power Electronic Production Mode & Process
8.4 SiC Based Power Electronic Sales and Marketing
8.4.1 SiC Based Power Electronic Sales Channels
8.4.2 SiC Based Power Electronic Distributors
8.5 SiC Based Power Electronic Customers
9 SiC Based Power Electronic Market Dynamics
9.1 SiC Based Power Electronic Industry Trends
9.2 SiC Based Power Electronic Market Drivers
9.3 SiC Based Power Electronic Market Challenges
9.4 SiC Based Power Electronic Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
STMicroelectronics
Cree, Inc.
ON Semiconductor
ROHM CO., LTD.
Infineon Technologies AG
NXP Semiconductor NV
ABB Group
Renesas Electronics Corporation
Fuji Electric Co, Ltd.
Mitsubishi Electric Corp.
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*If Applicable.
