Global Silicon Carbide (SiC) MOSFETs Market Outlook 2031: Size to Soar to US$ 13.5 Bn at a 29.8% CAGR - TMR

The global silicon carbide MOSFETs market, valued at USD 1.4 billion in 2022, is set to achieve explosive growth through 2031, expanding at a compound annual growth rate (CAGR) of 29.8% to reach USD 13.5 billion by the end of the forecast period. This press release examines the market's current landscape, emerging dynamics, key players, regional outlook, and the myriad opportunities that define this next-generation power semiconductor segment.

Download to explore critical insights from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81899

Market Overview

Silicon carbide MOSFETs (SiC MOSFETs) leverage wide-bandgap semiconductor technology to deliver performance metrics unattainable by traditional silicon devices. Capable of operating at temperatures up to 250 °C (vs. 175 °C for silicon), offering higher breakdown voltages, and exhibiting significantly lower switching losses, SiC MOSFETs are driving a paradigm shift in power electronics. As production scales and process maturity advances, unit costs are declining, paving the way for broader adoption across electric vehicles (EVs), solar inverters, on-board chargers (OBCs), and industrial power systems.

Market Drivers & Trends

Electric Vehicles (EVs): The surge in BEV, PHEV, and FCEV sales has amplified demand for efficient, compact OBCs. SiC MOSFETs enable higher switching frequencies and power densities, improving charge times and reducing system weight and size.
Renewable Energy Integration: Falling solar PV costs and stringent carbon regulations have spurred utility-scale, commercial, and residential solar deployment. SiC-based inverters and power optimizers deliver higher efficiency and reduced thermal footprint.
High-Voltage Applications: Devices rated 1200 V-1700 V dominated 2022 shipments and are forecast to grow at a 31.1% CAGR, underpinning applications from EV charging to industrial motor drives.
Cost Reduction & Manufacturing Scale: As fabrication volumes rise and competition intensifies, SiC MOSFET prices continue to fall, expediting replacement of silicon Super-Junction and IGBT modules.

Latest Market Trends

Module Integration: Combining SiC MOSFETs with gate drivers and protection circuitry in compact power modules is gaining traction for simplified system design.
Automotive Quali­fication: Leading vendors are securing AEC-Q101 certification for their SiC products, accelerating adoption in OBCs and traction inverters.
Advanced Packaging: Next-generation packaging techniques (e.g., DBC substrates, direct bond copper) improve thermal management and reduce parasitics.
Digital Twin & AI-Driven Reliability: Predictive modeling and machine learning enhance device lifetime forecasts under high-stress automotive and renewable energy conditions.

Key Players:

Diodes Incorporated
GeneSiC Semiconductor Inc.
Infineon Technologies AG
Littelfuse, Inc.
Microchip Technology Inc.
ROHM CO., LTD.
Sansha Electric Manufacturing Co., Ltd.
Semiconductor Components Industries, LLC
SemiQ, Inc.
STMicroelectronics N.V.
Toshiba Electronic Devices & Storage Corporation
WOLFSPEED, INC.

Recent Developments

September 2022: SemiQ introduced a second-generation 1200 V, 40 mΩ SiC MOSFET, complementing its existing 80 mΩ family and offering an optimized balance of conduction and switching losses for EV, solar, and industrial markets.
August 2022: Toshiba launched its TWxxNxxxC series of third-generation SiC MOSFETs, featuring ultra-low on-resistance and minimal switching losses across five 1200 V and five 650 V devices, targeting high-efficiency inverter and charging applications.

Market Opportunities

Electric Vehicle Infrastructure: Growth of fast-charging stations (400 V, 800 V architectures) requires high-voltage SiC switches to meet power density and efficiency targets.
Grid-Scale Energy Storage: SiC MOSFETs enable compact, high-efficiency conversion stages in battery energy storage systems (BESS).
Telecom & Data Centers: Demand for highly efficient, high-density power supplies in 5G base stations and server farms is creating new avenues for SiC deployment.
Emerging End-Markets: Healthcare imaging equipment, aerospace power systems, and marine propulsion are beginning to adopt wide-bandgap semiconductors for stringent reliability requirements.
Future Outlook

Analysts forecast that the SiC MOSFETs market will accelerate through 2031, driven by cascading cost reductions, expanded application scope, and evolving regulatory mandates for energy efficiency. The convergence of EV electrification and renewable energy build-outs will underwrite sustained double-digit growth, with market value leaping from US$ 1.4 billion in 2022 to US$ 13.5 billion by 2031.

Buy this Premium Research Report and unlock critical data and findings - https://www.transparencymarketresearch.com/checkout.php?rep_id=81899<ype=S

Market Segmentation

By Breakdown Voltage
650 V-900 V
900 V-1200 V
1200 V-1700 V (largest share in 2022; CAGR 31.1%)
Above 1700 V

By Application
Inverters (EV traction, solar PV, industrial)
On-Board Chargers (OBC)
Uninterruptible Power Supplies (UPS)
Motor Drives
Energy Storage Systems
Others (DC-DC converters, server PSUs, SMPS)

By End-Use Industry
Automotive
Energy & Power
Industrial
Consumer Electronics
Others (Telecom, Healthcare)

Regional Insights

Asia Pacific: Dominated the market in 2022 with 33.2% revenue share, led by China, India, and Japan. Rapid EV adoption and aggressive renewable energy targets underpin strong SiC MOSFET uptake.
North America: Second-largest market; federal incentives and state-level mandates in the U.S. drive solar PV and EV charger installations in California, Texas, and Florida.
Europe: Stringent efficiency standards and growing EV fleet foster healthy demand, with Germany, the U.K., and France as key contributors.
MEA & South America: Emerging growth driven by utility-scale solar projects and nascent EV infrastructure investments.

Why Buy This Report?

Comprehensive Coverage: Detailed analysis of global and regional markets, spanning 2017-2031.
In-Depth Segmentation: Breakdown by voltage, application, industry, and geography to identify niche opportunities.
Competitive Landscape: Profiles of leading vendors, including financial overviews, strategic roadmaps, and recent product launches.
Forward-Looking Insights: Expert commentary on technology maturity, cost trajectories, and regulatory impacts.
Actionable Recommendations: Market entry strategies, partnership models, and M&A outlook.
Data-Rich Appendices: Historical data tables, forecasting methodology, Porter's Five Forces, and value chain analysis.

Explore Latest Research Reports by Transparency Market Research:

Time of Flight Sensor Market: https://www.transparencymarketresearch.com/time-of-flight-sensor-market.html

Ferroelectric RAM Market: https://www.transparencymarketresearch.com/ferroelectric-ram-market.html

Printed and Flexible Sensors Market: https://www.transparencymarketresearch.com/printed-and-flexible-sensors-market.html

Optoelectronic Sensors Market: https://www.transparencymarketresearch.com/optoelectronic-sensors-market.html

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com

This release was published on openPR.