SiC MOSFET Chips (Devices) and Module Market Set for Strong CAGR of CAGR of 26.6% Through 2031 | Industry Insights

Market Summary -

The global market for SiC MOSFET Chips (Devices) and Module was estimated to be worth US$ 1054 million in 2024 and is forecast to a readjusted size of US$ 6153 million by 2031 with a CAGR of 26.6% during the forecast period 2025-2031.

Accourding to QY Research has released a new publication titled "Global SiC MOSFET Chips (Devices) and Module Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide SiC MOSFET Chips (Devices) and Module industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

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This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on SiC MOSFET Chips (Devices) and Module cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

SiC MOSFET chips, or silicon carbide metal-oxide-semiconductor field-effect transistor chips, are a new type of power semiconductor chip manufactured using silicon carbide (SiC) material. Compared to traditional silicon (Si) materials, SiC has a wide bandgap characteristic (bandgap width of approximately 3.26 eV, while silicon has 1.12 eV), which endows SiC MOSFET chips with a series of superior performance characteristics.

SiC MOSFET devices are complete semiconductor devices composed of SiC MOSFET chips as the core, along with necessary packaging materials, leads, etc. Packaging is critical for SiC MOSFET devices, as it not only provides physical protection for the chip, preventing mechanical damage and moisture corrosion, but also enables electrical connection between the chip and external circuits. Common packaging forms for SiC MOSFET devices include TO-247 and TO-220. Taking the TO-247 packaging as an example, it has excellent heat dissipation performance, enabling rapid dissipation of heat generated during chip operation, ensuring stable device operation in high-temperature environments.

SiC MOSFET modules integrate multiple SiC MOSFET devices and other auxiliary components such as diodes into a single power module through a specific circuit topology. This integrated design offers numerous advantages. On one hand, the optimized circuit connections between devices within the module enable higher power density. For example, in the main drive inverter of new energy vehicles, using SiC MOSFET modules can achieve higher power output within a limited space, contributing to the vehicle's miniaturization and lightweight design. On the other hand, the internal layout and connections of the module are carefully designed to effectively reduce stray inductance, thereby enhancing system stability and reliability. Stray inductance can generate voltage spikes during switching processes, affecting the normal operation of devices. However, SiC MOSFET modules mitigate this impact through rational layout and routing.

Recent Developments -

Rapid development of the photovoltaic and energy storage industries: -

In the photovoltaic sector, global demand for renewable energy continues to rise, driving sustained growth in photovoltaic power generation capacity. The application of SiC MOSFETs in photovoltaic inverters can significantly improve inverter conversion efficiency and reduce energy loss. Traditional silicon-based IGBT inverters typically achieve conversion efficiencies of 96%-98%, while inverters using SiC MOSFETs can exceed 99% efficiency, meaning they can generate more electricity under the same lighting conditions. Additionally, the high-frequency characteristics of SiC MOSFETs enable the reduction in size and weight of passive components such as inductors and capacitors within inverters, thereby lowering system costs. In the energy storage sector, as the energy storage market continues to expand, the application of SiC MOSFETs in energy storage converters (PCS) is becoming increasingly widespread. They enhance the charging and discharging efficiency of energy storage systems, extend battery lifespan, and improve system stability and reliability. For example, in some large-scale energy storage power plant projects, energy storage converters using SiC MOSFET modules can achieve charging and discharging efficiencies of over 98%, significantly improving the economic benefits of energy storage systems.

Industrial energy conservation and power system upgrade requirements: -

In the industrial sector, there is an urgent need for energy conservation and consumption reduction in various industrial equipment such as motor drives and power converters. The application of SiC MOSFETs can significantly reduce the energy consumption of industrial equipment and improve production efficiency. For example, in industrial motor drive systems, replacing traditional silicon-based devices with SiC MOSFETs can increase system efficiency by 3%-5%, saving a significant amount of electricity annually. In the power system sector, as smart grid construction progresses, the performance and reliability requirements for power electronic devices continue to rise. SiC MOSFETs hold broad application prospects in fields such as high-voltage direct current transmission (HVDC) and flexible alternating current transmission systems (FACTS). They can enhance power system transmission efficiency, strengthen grid stability and controllability, and meet the evolving demands of power systems toward higher voltages, larger capacities, and greater intelligence.

Market Growth Drivers -

The explosive growth of the new energy vehicle industry: The rapid development of the new energy vehicle market is the key driver behind the growth of the SiC MOSFET chip, device, and module markets. As countries worldwide increasingly prioritize energy conservation, emissions reduction, and environmental protection, new energy vehicles have become the mainstream direction for automotive industry development. In particular, the widespread adoption of 800V high-voltage platforms has imposed higher performance requirements on power devices. SiC MOSFETs, with their advantages of low on-resistance, high switching frequency, and high voltage withstand capability, have become the ideal choice for main drive inverters in 800V high-voltage platforms. Main drive inverters using SiC MOSFET modules can increase the range of new energy vehicles by 5%-10% while reducing charging time to 15-20 minutes, significantly enhancing the user experience. For example, Tesla was the first to adopt SiC MOSFET modules in its Model 3 and Model Y vehicles, and many other automakers have since followed suit, driving rapid growth in demand for SiC MOSFETs across the entire new energy vehicle industry.

Market Segmentation and Regional -

By Type

Sic MOSFET Chip and Device
Sic MOSFET Module

By Application

Car
Industrial
Photovoltaic (pv)
Other

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

Wolfspeed
Infineon Technologies
STMicroelectronics
ROHM
Semiconductor Components Industries, LLC
Littelfuse
Microchip
Mitsubishi Electric
GeneSiC Semiconductor Inc.
Shenzhen BASiC Semiconductor LTD

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Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

How Can the Research Study Help your Business?

✔ The information presented in the SiC MOSFET Chips (Devices) and Module report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global SiC MOSFET Chips (Devices) and Module market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global SiC MOSFET Chips (Devices) and Module market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global SiC MOSFET Chips (Devices) and Module market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global SiC MOSFET Chips (Devices) and Module market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional SiC MOSFET Chips (Devices) and Module market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 SiC MOSFET Chips (Devices) and Module Product Introduction
1.2 Global SiC MOSFET Chips (Devices) and Module Market Size Forecast
1.2.1 Global SiC MOSFET Chips (Devices) and Module Sales Value (2020-2031)
1.2.2 Global SiC MOSFET Chips (Devices) and Module Sales Volume (2020-2031)
1.2.3 Global SiC MOSFET Chips (Devices) and Module Sales Price (2020-2031)
1.3 SiC MOSFET Chips (Devices) and Module Market Trends & Drivers
1.3.1 SiC MOSFET Chips (Devices) and Module Industry Trends
1.3.2 SiC MOSFET Chips (Devices) and Module Market Drivers & Opportunity
1.3.3 SiC MOSFET Chips (Devices) and Module Market Challenges
1.3.4 SiC MOSFET Chips (Devices) and Module Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global SiC MOSFET Chips (Devices) and Module Players Revenue Ranking (2024)
2.2 Global SiC MOSFET Chips (Devices) and Module Revenue by Company (2020-2025)
2.3 Global SiC MOSFET Chips (Devices) and Module Players Sales Volume Ranking (2024)
2.4 Global SiC MOSFET Chips (Devices) and Module Sales Volume by Company Players (2020-2025)
2.5 Global SiC MOSFET Chips (Devices) and Module Average Price by Company (2020-2025)
2.6 Key Manufacturers SiC MOSFET Chips (Devices) and Module Manufacturing Base and Headquarters
2.7 Key Manufacturers SiC MOSFET Chips (Devices) and Module Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of SiC MOSFET Chips (Devices) and Module
2.9 SiC MOSFET Chips (Devices) and Module Market Competitive Analysis
2.9.1 SiC MOSFET Chips (Devices) and Module Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by SiC MOSFET Chips (Devices) and Module Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in SiC MOSFET Chips (Devices) and Module as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Sic MOSFET Chip and Device
3.1.2 Sic MOSFET Module
3.2 Global SiC MOSFET Chips (Devices) and Module Sales Value by Type
3.2.1 Global SiC MOSFET Chips (Devices) and Module Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global SiC MOSFET Chips (Devices) and Module Sales Value, by Type (2020-2031)
3.2.3 Global SiC MOSFET Chips (Devices) and Module Sales Value, by Type (%) (2020-2031)
3.3 Global SiC MOSFET Chips (Devices) and Module Sales Volume by Type
3.3.1 Global SiC MOSFET Chips (Devices) and Module Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global SiC MOSFET Chips (Devices) and Module Sales Volume, by Type (2020-2031)
3.3.3 Global SiC MOSFET Chips (Devices) and Module Sales Volume, by Type (%) (2020-2031)
3.4 Global SiC MOSFET Chips (Devices) and Module Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Car
4.1.2 Industrial
4.1.3 Photovoltaic (pv)
4.1.4 Other
4.2 Global SiC MOSFET Chips (Devices) and Module Sales Value by Application
4.2.1 Global SiC MOSFET Chips (Devices) and Module Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global SiC MOSFET Chips (Devices) and Module Sales Value, by Application (2020-2031)
4.2.3 Global SiC MOSFET Chips (Devices) and Module Sales Value, by Application (%) (2020-2031)
4.3 Global SiC MOSFET Chips (Devices) and Module Sales Volume by Application
4.3.1 Global SiC MOSFET Chips (Devices) and Module Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global SiC MOSFET Chips (Devices) and Module Sales Volume, by Application (2020-2031)
4.3.3 Global SiC MOSFET Chips (Devices) and Module Sales Volume, by Application (%) (2020-2031)
4.4 Global SiC MOSFET Chips (Devices) and Module Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global SiC MOSFET Chips (Devices) and Module Sales Value by Region
5.1.1 Global SiC MOSFET Chips (Devices) and Module Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global SiC MOSFET Chips (Devices) and Module Sales Value by Region (2020-2025)
5.1.3 Global SiC MOSFET Chips (Devices) and Module Sales Value by Region (2026-2031)
5.1.4 Global SiC MOSFET Chips (Devices) and Module Sales Value by Region (%), (2020-2031)
5.2 Global SiC MOSFET Chips (Devices) and Module Sales Volume by Region
5.2.1 Global SiC MOSFET Chips (Devices) and Module Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global SiC MOSFET Chips (Devices) and Module Sales Volume by Region (2020-2025)
5.2.3 Global SiC MOSFET Chips (Devices) and Module Sales Volume by Region (2026-2031)
5.2.4 Global SiC MOSFET Chips (Devices) and Module Sales Volume by Region (%), (2020-2031)
5.3 Global SiC MOSFET Chips (Devices) and Module Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
5.4.2 North America SiC MOSFET Chips (Devices) and Module Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
5.5.2 Europe SiC MOSFET Chips (Devices) and Module Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
5.6.2 Asia Pacific SiC MOSFET Chips (Devices) and Module Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
5.7.2 South America SiC MOSFET Chips (Devices) and Module Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
5.8.2 Middle East & Africa SiC MOSFET Chips (Devices) and Module Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions SiC MOSFET Chips (Devices) and Module Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions SiC MOSFET Chips (Devices) and Module Sales Value and Sales Volume
6.2.1 Key Countries/Regions SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
6.2.2 Key Countries/Regions SiC MOSFET Chips (Devices) and Module Sales Volume, 2020-2031
6.3 United States
6.3.1 United States SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
6.3.2 United States SiC MOSFET Chips (Devices) and Module Sales Value by Type (%), 2024 VS 2031
6.3.3 United States SiC MOSFET Chips (Devices) and Module Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
6.4.2 Europe SiC MOSFET Chips (Devices) and Module Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe SiC MOSFET Chips (Devices) and Module Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
6.5.2 China SiC MOSFET Chips (Devices) and Module Sales Value by Type (%), 2024 VS 2031
6.5.3 China SiC MOSFET Chips (Devices) and Module Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
6.6.2 Japan SiC MOSFET Chips (Devices) and Module Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan SiC MOSFET Chips (Devices) and Module Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
6.7.2 South Korea SiC MOSFET Chips (Devices) and Module Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea SiC MOSFET Chips (Devices) and Module Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
6.8.2 Southeast Asia SiC MOSFET Chips (Devices) and Module Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia SiC MOSFET Chips (Devices) and Module Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India SiC MOSFET Chips (Devices) and Module Sales Value, 2020-2031
6.9.2 India SiC MOSFET Chips (Devices) and Module Sales Value by Type (%), 2024 VS 2031
6.9.3 India SiC MOSFET Chips (Devices) and Module Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Wolfspeed
7.1.1 Wolfspeed Company Information
7.1.2 Wolfspeed Introduction and Business Overview
7.1.3 Wolfspeed SiC MOSFET Chips (Devices) and Module Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Wolfspeed SiC MOSFET Chips (Devices) and Module Product Offerings
7.1.5 Wolfspeed Recent Development
7.2 Infineon Technologies
7.2.1 Infineon Technologies Company Information
7.2.2 Infineon Technologies Introduction and Business Overview
7.2.3 Infineon Technologies SiC MOSFET Chips (Devices) and Module Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Infineon Technologies SiC MOSFET Chips (Devices) and Module Product Offerings
7.2.5 Infineon Technologies Recent Development
7.3 STMicroelectronics
7.3.1 STMicroelectronics Company Information
7.3.2 STMicroelectronics Introduction and Business Overview
7.3.3 STMicroelectronics SiC MOSFET Chips (Devices) and Module Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 STMicroelectronics SiC MOSFET Chips (Devices) and Module Product Offerings
7.3.5 STMicroelectronics Recent Development
7.4 ROHM
7.4.1 ROHM Company Information
7.4.2 ROHM Introduction and Business Overview
7.4.3 ROHM SiC MOSFET Chips (Devices) and Module Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 ROHM SiC MOSFET Chips (Devices) and Module Product Offerings
7.4.5 ROHM Recent Development
7.5 Semiconductor Components Industries, LLC
7.5.1 Semiconductor Components Industries, LLC Company Information
7.5.2 Semiconductor Components Industries, LLC Introduction and Business Overview
7.5.3 Semiconductor Components Industries, LLC SiC MOSFET Chips (Devices) and Module Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Semiconductor Components Industries, LLC SiC MOSFET Chips (Devices) and Module Product Offerings
7.5.5 Semiconductor Components Industries, LLC Recent Development
7.6 Littelfuse
7.6.1 Littelfuse Company Information
7.6.2 Littelfuse Introduction and Business Overview
7.6.3 Littelfuse SiC MOSFET Chips (Devices) and Module Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Littelfuse SiC MOSFET Chips (Devices) and Module Product Offerings
7.6.5 Littelfuse Recent Development
7.7 Microchip
7.7.1 Microchip Company Information
7.7.2 Microchip Introduction and Business Overview
7.7.3 Microchip SiC MOSFET Chips (Devices) and Module Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Microchip SiC MOSFET Chips (Devices) and Module Product Offerings
7.7.5 Microchip Recent Development
7.8 Mitsubishi Electric
7.8.1 Mitsubishi Electric Company Information
7.8.2 Mitsubishi Electric Introduction and Business Overview
7.8.3 Mitsubishi Electric SiC MOSFET Chips (Devices) and Module Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Mitsubishi Electric SiC MOSFET Chips (Devices) and Module Product Offerings
7.8.5 Mitsubishi Electric Recent Development
7.9 GeneSiC Semiconductor Inc.
7.9.1 GeneSiC Semiconductor Inc. Company Information
7.9.2 GeneSiC Semiconductor Inc. Introduction and Business Overview
7.9.3 GeneSiC Semiconductor Inc. SiC MOSFET Chips (Devices) and Module Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 GeneSiC Semiconductor Inc. SiC MOSFET Chips (Devices) and Module Product Offerings
7.9.5 GeneSiC Semiconductor Inc. Recent Development
7.10 Shenzhen BASiC Semiconductor LTD
7.10.1 Shenzhen BASiC Semiconductor LTD Company Information
7.10.2 Shenzhen BASiC Semiconductor LTD Introduction and Business Overview
7.10.3 Shenzhen BASiC Semiconductor LTD SiC MOSFET Chips (Devices) and Module Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Shenzhen BASiC Semiconductor LTD SiC MOSFET Chips (Devices) and Module Product Offerings
7.10.5 Shenzhen BASiC Semiconductor LTD Recent Development
8 Industry Chain Analysis
8.1 SiC MOSFET Chips (Devices) and Module Industrial Chain
8.2 SiC MOSFET Chips (Devices) and Module Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 SiC MOSFET Chips (Devices) and Module Sales Model
8.5.2 Sales Channel
8.5.3 SiC MOSFET Chips (Devices) and Module Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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