Silicon Carbide (SiC) Diodes Market Report, Size, Share, Growth, Trends, Industry Forecast to 2033

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The new report published by The Business Research Company, titled Silicon Carbide (SiC) Diodes Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the silicon carbide (SiC) diodes market size has grown rapidly in recent years. It will grow from $1.72 billion in 2023 to $1.9 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The silicon carbide (SiC) diodes market size is expected to see rapid growth in the next few years. It will grow to $2.89 billion in 2028 at a compound annual growth rate (CAGR) of 11%.

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What Is Driving The Growth Of The Global Silicon Carbide (SiC) Diodes Market?

Rising Electric Vehicle Demand To Boost The Silicon Carbide Diode Market Growth
The growing demand for electric vehicles (EVs) is expected to drive the silicon carbide (SiC) diode market going forward. Electric vehicles are automobiles propelled by electric motors and powered by rechargeable batteries or other energy storage devices instead of internal combustion engines fueled by gasoline or diesel. The adoption of electric vehicles (EVs) is rising due to environmental concerns, expanded charging infrastructure, and government incentives. Silicon carbide (SiC) diodes improve electric vehicle (EV)  efficiency by minimizing switching losses, enhancing thermal conductivity, and enabling quick switching capabilities, thereby reducing the size and weight of power components. This leads to improved overall performance and energy efficiency in EV powertrains. For instance, in April 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, electric car sales exceeded 10 million in 2022 and are nearing 14 million in 2023, with firm objectives increasing to 35% by 2030. Therefore, the growing demand for electric vehicles (EVs) will drive the silicon carbide (SiC) diode market.

What Is The Key Trend In The Global Silicon Carbide (SiC) Diodes Market?

Advancements In Third-Generation Silicon Carbide Schottky Barrier Diodes For Enhanced Power Efficiency
Major companies operating in the silicon carbide (SiC) diode market are focused on developing advanced products such as the third-generation silicon carbide Schottky barrier chip to enhance performance and efficiency in high-power applications. A silicon carbide Schottky barrier chip uses a Schottky barrier diode design to achieve high breakdown voltage, low forward voltage drop, high switching speeds, and superior thermal conductivity. For instance, in July 2023, Toshiba Electronic Devices & Storage Corporation, a Japan-based electronics company, launched the TRSxxx65H series. This diode significantly improves, with a low forward voltage of 1.2V, 17% lower than the previous generation's 1.45V. This lowering increases power conversion efficiency substantially. The series can handle forward DC currents (IF(DC)) up to 12A and square-wave surge currents (IFSM) up to 640A. It comes in both TO-220-2L and DFN8×8 packages. The diodes use an optimized junction barrier Schottky (JBS) structure. This design lowers leakage current and power dissipation, enhancing effectiveness in industrial applications.

How Is The Global Silicon Carbide (SiC) Diodes Market Segmented?
The silicon carbide (SiC) diodes market covered in this report is segmented -

1) By Type: Schottky Diodes, Junction Diodes, P-Insulator-N Diodes (PIN Diodes), Other Types
2) By Forward Current: 2 To 5 Amperes, 6 To 10 Amperes, 11 To 20 Amperes, 21 To 40 Amperes, Above 40 Amperes
3) By Reverse Voltage: 650 Voltage, 1200 Voltage, 1700 Voltage, 3300 Voltage
4) By Application: Automotive, Medical Imaging, Communication, Data Centers, Defense, Photovoltaic Solutions, Other Applications

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How Is The Competitive Landscape Of The Global Silicon Carbide (SiC) Diodes Market?
Major companies operating in the silicon carbide (SiC) diodes market are Mitsubishi Electric Corporation, TOSHIBA CORPORATION, Avnet Inc., STMicroelectronics, Infineon Technologies AG, Renesas Electronics Corporation, ON Semiconductor, Microchip Technology Inc., Qorvo Inc., ROHM CO. LTD., Vishay Intertechnology Inc., Littelfuse Inc., Nexperia, Fuji Electric Co. Ltd., Diodes Incorporated, Alpha and Omega Semiconductor, WOLFSPEED INC., Semikron Danfoss, IXYS Corporation, Sanken Electric Co. Ltd., GeneSiC Semiconductor Inc

Contents Of The Global Silicon Carbide (SiC) Diodes Market
1. Executive Summary
2. Silicon Carbide (SiC) Diodes Market Report Structure
3. Silicon Carbide (SiC) Diodes Market Trends And Strategies
4. Silicon Carbide (SiC) Diodes Market - Macro Economic Scenario
5. Silicon Carbide (SiC) Diodes Market Size And Growth
…..
27. Silicon Carbide (SiC) Diodes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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