Global SiC MOSFETs Market

SiC MOSFETs Market Overview

Silicon carbide MOSFETs have the characteristics of low on-resistance and small switching losses, which can reduce device losses and improve system efficiency, and are more suitable for high-frequency circuits. It is widely used in the fields of new energy vehicle motor controller, vehicle power supply, solar inverter, charging pile, UPS, PFC power supply and other fields. This report provides a deep insight into the global SiC MOSFETs market covering all its essential aspects.

This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit.

SiC MOSFETs Market Analysis:
The Global SiC MOSFETs Market size was estimated at USD 423.40 million in 2023 and is projected to reach USD 3166.37 million by 2030, exhibiting a CAGR of 33.30% during the forecast period. North America SiC MOSFETs market size was USD 110.33 million in 2023, at a CAGR of 28.54% during the forecast period of 2024 through 2030.

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SiC MOSFETs Key Market Trends :
Rising Adoption in EVs & Charging Infrastructure
SiC MOSFETs are widely used in electric vehicle (EV) powertrains, onboard chargers, and fast-charging stations due to their superior efficiency, lower switching losses, and higher power density compared to traditional silicon-based MOSFETs.
Major EV manufacturers (e.g., Tesla, BYD, and Volkswagen) are increasingly integrating SiC technology to improve vehicle range and performance.

Growth in Renewable Energy Applications
The demand for SiC MOSFETs is surging in solar inverters and wind power systems as they enhance energy conversion efficiency and reduce system size and weight.
Governments worldwide are pushing for higher renewable energy adoption, further driving SiC MOSFET deployment.
Advancements in Manufacturing & Cost Reduction
Companies are investing in improving SiC wafer production and fabrication techniques, reducing defects, and increasing yield.
The transition from 6-inch to 8-inch SiC wafers is expected to improve scalability and lower costs.

Adoption in Industrial & Aerospace Applications
SiC MOSFETs are gaining traction in industrial motor drives, power supplies, and aerospace applications due to their ability to operate at higher temperatures and voltages.
The defense sector is also exploring SiC-based solutions for radar and satellite power systems.

Market Consolidation & Strategic Partnerships
Key players like Wolfspeed, Infineon Technologies, STMicroelectronics, and ON Semiconductor are expanding their SiC production capacity through partnerships and acquisitions.
Automakers and semiconductor companies are forming alliances to secure a stable SiC supply chain.

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SiC MOSFETs Market Segmentation :
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company
Wolfspeed
Infineon Technologies
STMicroelectronics
ROHM
Microchip
ON Semiconductor
Littelfuse
Mitsubishi Electric
GeneSiC Semiconductor Inc.
BASiC Semiconductor

Market Segmentation (by Type)
1200V
1700V
650V
Others

Market Segmentation (by Application)
Automotive
Industrial
PV
Others

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FAQs
Q1: What is the expected growth rate of the SiC MOSFETs market?
A1: The market is projected to grow at a CAGR of 33.30% from 2023 to 2030.

Q2: What is the main driver for SiC MOSFET market growth? A2: Increasing adoption in EVs, renewable energy, and industrial applications.

Q3: How is the automotive sector influencing the SiC MOSFETs market?
A3: EV demand is boosting SiC MOSFET adoption due to higher efficiency and performance.

Q4: What technological trend is shaping the SiC MOSFET market?
A4: Advancements in wafer production and higher-voltage SiC MOSFETs are driving innovation.

Q5: Which regions are leading in SiC MOSFET adoption?
A5: North America, Europe, and Asia-Pacific are the key growth regions.

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This release was published on openPR.