SiC Power Devices for Solar Inverter Market to Grow at a 23.4% CAGR Through 2031, Driven by High-Efficiency PV Systems, Wide-Bandgap Adoption

Market Summary -

The global SiC Power Devices for Solar Inverter market was valued at US$ 102 million in 2024 and is projected to reach US$ 437 million by 2031, registering a robust CAGR of 23.4% during the forecast period 2025-2031.

According to QY Research, the newly released report titled "SiC Power Devices for Solar Inverter Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" provides a comprehensive, data-driven analysis of this fast-growing segment within the power semiconductor and renewable energy ecosystem. The study delivers detailed insights into market size evolution, shipment volumes, pricing trends, competitive rankings, regional demand patterns, and long-term growth opportunities for device manufacturers, inverter OEMs, EPCs, and investors.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://qyresearch.in/request-sample/electronics-semiconductor-global-sic-power-devices-for-solar-inverter-market-insights-industry-share-sales-projections-and-demand-outlook-2025-2031

Product Definition and Technology Overview -

Silicon Carbide (SiC) power devices are next-generation wide-bandgap semiconductor components designed to deliver superior performance in high-voltage and high-power applications. In solar inverters, SiC devices-including SiC MOSFETs and Schottky Barrier Diodes (SBDs)-offer higher breakdown voltages, faster switching speeds, and significantly better thermal conductivity compared to conventional silicon-based devices.

These performance advantages enable solar inverters to achieve higher conversion efficiency, lower switching and conduction losses, increased power density, and more compact system designs. SiC devices are particularly well suited for high-voltage applications, with common ratings of 1200V and 1700V, making them ideal for modern residential, commercial, and industrial photovoltaic (PV) systems as well as large-scale solar installations.

Market Dynamics and Growth Drivers -

The adoption of SiC power devices in solar inverters is accelerating rapidly, driven by the global transition toward renewable energy and the growing demand for highly efficient power conversion solutions. As solar installations scale in size and voltage levels, inverter manufacturers are increasingly turning to SiC technology to meet efficiency, reliability, and thermal management requirements.

Key growth drivers include:

Rising global solar PV capacity additions

Increasing emphasis on inverter efficiency and energy yield optimization

Demand for compact, lightweight, and high-power-density inverter designs

Government-led renewable energy targets and energy efficiency regulations

In addition, the ability of SiC-based inverters to operate at higher switching frequencies enables reductions in passive component size, further lowering system-level costs and improving overall inverter performance.

Technology Trends and Industry Development -

From a technology perspective, the market is witnessing rapid innovation across the SiC value chain. Manufacturers are advancing toward larger SiC wafer sizes, particularly the transition from 6-inch to 8-inch SiC substrates, to improve economies of scale and reduce cost per device.

At the same time, advanced packaging technologies, including power modules with enhanced thermal performance and reliability, are being integrated to support higher current densities and longer operating lifetimes. Continuous improvements in device yield, defect density reduction, and vertical integration strategies are expected to further accelerate adoption of SiC power devices in solar inverter platforms over the coming years.

Market Scope and Research Coverage -

This report provides a comprehensive presentation of the global market for SiC Power Devices for Solar Inverter, combining quantitative and qualitative analysis to help stakeholders develop growth strategies, assess competitive positioning, and make informed business decisions.

Market size estimations and forecasts are presented in terms of sales quantity (K Units) and sales revenue (US$ millions), with 2024 as the base year, historical data covering 2020-2024, and forecasts extending through 2031. The report delivers detailed segmentation by type, application, company, region, and country, along with in-depth competitive landscape analysis and coverage of technological trends and new product developments.

Regional Market Outlook -

The report provides extensive regional analysis across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Asia Pacific dominates the market, driven by large-scale solar deployments and strong semiconductor manufacturing ecosystems in China, Japan, South Korea, and Southeast Asia. Europe follows, supported by aggressive renewable energy targets and high adoption of high-efficiency inverter technologies. North America remains a key growth region, led by utility-scale and commercial solar projects in the United States, while emerging markets in South America and Middle East & Africa are expected to contribute incremental demand as solar infrastructure expands.

Competitive Landscape -

The global SiC power devices for solar inverter market is highly competitive, featuring established power semiconductor leaders alongside rapidly growing regional players. Competition centers on device performance, cost reduction, wafer capacity expansion, and long-term supply reliability.

Key companies profiled in the report include:

► STMicroelectronics
► Infineon
► Wolfspeed
► Rohm
► onsemi
► Mitsubishi Electric (Vincotech)
► Semikron Danfoss
► Fuji Electric
► Navitas (GeneSiC)
► Toshiba
► Qorvo (UnitedSiC)
► BYD Semiconductor
► Microchip (Microsemi)
► Nexperia
► Vishay Intertechnology
► Bosch
► China Resources Microelectronics Limited
► StarPower
► San'an Optoelectronics
► Hangzhou Silan Microelectronics
► Cissoid
► SK powertech
► SemiQ
► Alpha & Omega Semiconductor
(and other regional and emerging suppliers)

The report analyzes company market share, product portfolios, technology roadmaps, and competitive strategies in detail.

Market Segmentation Highlights -

By Type:

► SiC MOSFET Modules
► SiC MOSFET Discretes
► SiC Diode / SBD

By Application:

► Residential & Light Commercial Solar Systems
► Industrial & Commercial Solar Systems

Each segment is evaluated based on sales volume, revenue contribution, adoption trends, and future growth potential.

Reasons to Procure This Report -

► Access accurate global and regional market forecasts (2020-2031)
► Understand company market share, ranking, and competitive dynamics
► Track technology trends in wide-bandgap power semiconductors
► Identify high-growth application segments within the solar inverter market
► Support investment planning, capacity expansion, and product development strategies

Key Questions Answered in the Report -

► What is the current and future size of the global SiC power devices for solar inverter market?
► Which regions and applications are driving the fastest adoption?
► How do SiC MOSFETs and diodes compare in terms of growth potential?
► Who are the leading suppliers, and how concentrated is the competitive landscape?
► How will wafer size transition and packaging innovation impact costs and adoption through 2031?

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Table of Contents - Major Key Points:

1. Study Coverage
2. Executive Summary
3. Research Methodology
4. Global Production Analysis
5. Value Chain and Supply-Chain Analysis
6. High Purity Manganese Sulphate (HPMSM) Market Dynamics
7. Competition by Manufacturers
8. High Purity Manganese Sulphate (HPMSM) Market Segmentation, By Type
9. High Purity Manganese Sulphate (HPMSM) Market Segmentation, By Application
10. Regional Analysis
11. Corporate Profile
12. Conclusion...

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