Press release
Silicon Carbide Power Semiconductors Market to Hit $11.7 Billion by 2035, Growing at 19.0% CAGR - TMR Analysis
Silicon Carbide Power Semiconductors Market
Download now to explore primary insights from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86467
Market Overview
Silicon carbide power semiconductors leverage the material's inherent advantages high breakdown voltage, excellent thermal conductivity, and tolerance to extreme temperatures to deliver unmatched efficiency in high-voltage, high-frequency applications. Major end‐use sectors include:
Automotive & Transportation: Traction inverters, on-board chargers (OBC), power distribution units (PDUs), battery management systems (BMS), thermal management systems
Aerospace & Defense: Avionics, military vehicle electrification, unmanned aerial vehicles (UAVs)
Consumer Electronics: Fast charging adapters, audio amplifiers, TV power supplies
IT & Telecommunications: Server power distribution, telecom power supplies, cellular base stations
Industrial: Motor drives, welding equipment, induction heating, robotics
By 2035, technological advancements, strategic partnerships, and broadening end‐user applications are expected to further solidify SiC's market position.
Market Drivers & Trends
Surging Electric Vehicle Demand
Global EV market grew to US$ 255.5 billion in 2023 and is projected to exceed US$ 2,100 billion by 2033.
SiC devices enable higher switching speeds and efficiencies, critical for traction inverters and BMS in EVs.
Lightweight, compact SiC modules contribute to range extension and vehicle performance.
Fast‐Charging Infrastructure Expansion
Consumer expectations for rapid charging drive the deployment of high-power charging stations.
SiC semiconductors support higher power densities and thermal resilience, reducing energy losses during fast charging.
Renewable Energy Integration
Deployment of solar and wind installations requires efficient inverters and power conversion units.
SiC's wide bandgap reduces switching losses, improving conversion efficiency in solar inverters and wind turbine converters.
Environmental & Regulatory Pressures
Governments worldwide are tightening emissions targets, promoting EVs and renewable energy.
Incentives and subsidies for green technologies accelerate SiC adoption.
Latest Market Trends
Fourth‐Generation SiC MOSFETs: In September 2024, STMicroelectronics unveiled its Gen 4 SiC MOSFET, benchmarking new levels of efficiency and robustness for EV traction inverters.
EliteSiC M3e Launch: Onsemi's July 2024 introduction of EliteSiC M3e MOSFETs offers enhanced reliability at lower cost-per-kW, accelerating electrification programs.
Collaborative R&D Efforts: Leading players are forming alliances with automotive OEMs and energy providers to co‐develop next‐gen SiC solutions.
Key Players and Industry Leaders
Analog Devices, Inc.
Coherent Corp.
Fuji Electric Co., Ltd
GeneSiC Semiconductor Inc.
Infineon Technologies AG
Littelfuse, Inc.
Microchip Technology Inc.
Mitsubishi Electric Corporation
NXP Semiconductors N.V.
ON Semiconductor Corp
Renesas Electronics Corporation
ROHM Co. Ltd
Semikron Danfoss
STMicroelectronics N.V.
Toshiba Electronic Devices & Storage Corporation
WOLFSPEED, INC.
Other Key Players
Recent Developments
September 2024: STMicroelectronics launches Gen 4 SiC MOSFET technology optimized for EV traction inverters-improving power density by 20%.
July 2024: Onsemi introduces EliteSiC M3e series, offering 30% cost reduction per kW and enhanced thermal performance for charging infrastructure.
Q1 2025: Wolfspeed opens the world's first 200 mm SiC wafer fabrication facility, targeting volume production to drive down costs.
March 2025: Infineon partners with a leading solar inverter OEM to co‐develop SiC-based high-efficiency inverters for megawatt-scale photovoltaic farms.
Market Opportunities and Challenges
Opportunities
Cost Reduction via Wafer Scaling: Transition to larger-diameter SiC wafers (200 mm) to lower per-unit costs.
New Applications: Adoption in railway traction, data center power supplies, and high-frequency 5G infrastructure.
Emerging Markets: Growth in India, Southeast Asia, and Latin America fueled by EV incentives and renewable energy targets.
Challenges
High Production Costs: Complex SiC crystal growth and wafer processing drive up costs compared to silicon counterparts.
Supply Chain Vulnerabilities: Limited number of pure-play SiC wafer producers; geopolitical tensions could disrupt supply.
Technical Integration: Requires specialized packaging and thermal management solutions, increasing design complexity.
Future Outlook
By 2035, SiC power semiconductors will underpin a broad spectrum of next‐generation power electronics:
Electric Mobility: Over 50% of new EVs to incorporate SiC-based inverters and chargers.
Renewable Energy: Solar and wind power converters utilizing SiC to achieve >99% conversion efficiency.
Industrial Automation: Robotics and motor drives leveraging SiC for compact, energy-efficient designs.
Continuous innovation in wafer manufacturing, device packaging, and system integration will drive unit costs down, making SiC the default choice for high-performance power electronics.
Buy this Premium Research Report for exclusive, in-depth insights - https://www.transparencymarketresearch.com/checkout.php?rep_id=86467<ype=S
Market Segmentation
Segment
Sub‐Segments
Product Type
Diode; Power Module; MOSFETs; Others
Voltage
Below 600 V; 601 V-1,000 V; 1,001 V-1,500 V; Above 1,500 V
End‐Use Industry
Automotive & Transportation; Aerospace & Defense; Consumer Electronics; IT & Telecom; Industrial; Others
Region
North America; Western Europe; Eastern Europe; East Asia; South Asia; Central & South America; Middle East & Africa
Regional Insights
East Asia: Dominant with 43.3% market share in 2024; expected CAGR of 17.6% through 2035. China, Japan, and South Korea lead in SiC R&D and EV production.
North America: Rapid growth driven by U.S. EV incentives and construction of domestic SiC fabrication plants.
Western Europe: Strong EV adoption and renewable energy policies bolster demand for high-efficiency power modules.
South Asia & Emerging Regions: Government subsidies for EVs and solar projects to catalyze market entry.
Why Buy This Report?
Comprehensive Coverage: In-depth analysis of global and regional trends, drivers, and restraints.
Competitive Benchmarking: Detailed profiles of leading players, market share analysis, and strategic insights.
Future‐Ready Insights: Forecasts through 2035, including scenario analyses for cost trajectories and policy impacts.
Investment Guidance: Identification of high-growth segments, strategic partnerships, and M&A opportunities.
Decision‐Support Tools: Excel‐based data models, segmental quantitative metrics, and Porter's Five Forces analysis.
Explore Latest Research Reports by Transparency Market Research:
Advanced Materials for Semiconductor Market: https://www.transparencymarketresearch.com/advanced-materials-for-semiconductor-market.html
Hospital Lights Market: https://www.transparencymarketresearch.com/hospital-lighting-market.html
Surface Acoustic Wave (SAW) Devices Market: https://www.transparencymarketresearch.com/surface-acoustic-wave-sensors.html
Rugged Power Supply Market: https://www.transparencymarketresearch.com/rugged-power-supply-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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Silicon Carbide Power Semiconductors Market to Hit $11.7 Billion by 2035, Growing at 19.0% CAGR - TMR Analysis here
News-ID: 4029165 • Views: …
More Releases from Transparency Market Research
Acromegaly Treatment Market to Reach USD 3.1 Billion by 2035, Driven by Diagnost …
The global Acromegaly Treatment Market is experiencing a significant transformation as improved early diagnosis, innovative therapeutic formulations, and regulatory support converge to expand patient access and drive substantial growth. According to the latest industry analysis, the global market, valued at US$ 1.5 billion in 2024, is projected to reach US$ 3.1 billion by 2035, progressing at a CAGR of 6.7% from 2025 to 2035.
Gain a preview of important insights from…
Forensic Genomics Market Projected to Surge to USD 2.4 Billion by 2035 as NGS, A …
The global Forensic Genomics Market is undergoing a period of accelerated transformation and expansion as next-generation sequencing (NGS), advanced PCR workflows, and AI/ML-driven bioinformatics redefine the capabilities of modern forensic investigations. According to the latest industry analysis, the market-valued at US$ 0.5 billion in 2024-is projected to reach approximately US$ 2.4 billion by 2035, expanding at a compound annual growth rate (CAGR) of 14.5% between 2025 and 2035.
Access key findings…
Planetary Roller Screw Market to Reach USD 1.1 Billion by 2035 as Demand for Hig …
The global Planetary Roller Screw Market is poised for substantial expansion over the next decade, driven by rising demand for high-load, high-precision performance in harsh industrial environments, rapid technological advancements, and the ongoing global shift toward electrified and automated systems. According to the latest industry intelligence, the market-valued at US$ 610.0 Mn in 2024-is projected to reach US$ 1,105.0 Mn by 2035, advancing at a compound annual growth rate (CAGR)…
Chemical Absorbent Cotton Market Set to Reach USD 600.1 Million by 2035 Driven b …
The global Chemical Absorbent Cotton Market is entering a phase of sustained expansion, backed by rapid industrialization, strengthened environmental regulations, and growing adoption of biodegradable absorbent solutions across healthcare, chemical handling, automotive, and industrial safety applications. According to the latest industry analysis, the global market-valued at US$ 340.0 million in 2024-is projected to reach US$ 600.1 million by 2035, expanding at a CAGR of 5.4% from 2025 to 2035.
Access key…
More Releases for SiC
SiC Schottky Barrier Diodes (SiC SBD) Market Research Report
Global Info Research announces the release of the report "Global SiC Schottky Barrier Diodes (SiC SBD) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands…
SIC Discrete Device Market
The "SIC Discrete Device Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global SIC Discrete Device Market, 2024-2031
Verified Market Research's most recent report, "SIC Discrete Device Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides…
SiC MOSFET and SiC SBD Market Analysis,Demand,Trends and Forecast 2029
Global Info Research announces the release of the report "Global SiC MOSFET and SiC SBD Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across…
Global High Purity SiC Powder for SiC Single Crystal Market Insights, Forecast …
Global Info Research announces the release of the report "Global High Purity SiC Powder for SiC Single Crystal Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company…
Latest Ceramic Matrix Composites Market by Matrix Type (C/C, C/Sic, Oxide/Oxide, …
The Ceramic Matrix Composites research report is valuable for every market enthusiast, stakeholder, policymaker, and market player. It offers vital information about the industry, including crucial facts, figures, expert opinions, and the latest developments across the globe. In addition, the Ceramic Matrix Composites research report provides data on the patterns and outcomes, target business sectors and materials, limits, and advancements.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=319907
The ceramic matrix composites market…
Black SiC Market Report 2018 Companies included Saint-Gobain, Cumi Murugappa, El …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the basis…
