Silicon Carbide Schottky Barrier Diodes Market Share Driven by EV Electrification and Renewable Energy Expansion | Valuates Reports

Silicon Carbide Schottky Barrier Diodes Market Size
The global market for Silicon Carbide Schottky Barrier Diodes was valued at US$ 615 million in the year 2024 and is projected to reach a revised size of US$ 2858 million by 2031, growing at a CAGR of 24.9% during the forecast period.

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The Silicon Carbide Schottky Barrier Diodes market is experiencing strong market growth as industries accelerate the shift toward high-efficiency, high-voltage power electronics. Expanding electrification across transportation, industrial systems, and energy infrastructure is significantly influencing market size. Ongoing advancements in wide bandgap semiconductor technology are enabling superior switching performance, reduced energy losses, and higher thermal stability compared with conventional silicon devices. Key market trends include the integration of SiC components into electric vehicle powertrains, renewable energy inverters, and data center power supplies, alongside increased investment in domestic semiconductor manufacturing and supply chain resilience.

By type, 650V SiC SBD devices currently hold the largest market share due to their extensive use in onboard chargers, switch-mode power supplies, and EV charging infrastructure. Their balance of performance and cost efficiency supports widespread commercial adoption. Meanwhile, 1200V SiC SBD devices are registering the fastest market growth, driven by demand in traction inverters, industrial motor drives, and renewable energy conversion systems requiring higher voltage operation. Other voltage classes serve specialized applications such as rail transport and heavy-duty industrial platforms, contributing to overall market diversification and steady expansion.

In terms of application, Automotive & EV/HEV represents the leading segment in market share, reflecting the rapid electrification of global vehicle fleets and the need for higher efficiency power conversion. EV Charging infrastructure is emerging as one of the fastest-growing application areas, fueled by expanding charging networks and high-power fast-charging deployment. Industrial Motor/Drive applications continue to support consistent market growth as manufacturers prioritize energy optimization and compact system design. PV, Energy Storage, and Wind Power applications are strengthening the market size through increasing renewable energy integration, while UPS, Data Center & Server segments are gaining traction as operators focus on energy efficiency and thermal management improvements.

Leading companies shaping the competitive landscape include STMicroelectronics, Infineon, Wolfspeed, Rohm, and onsemi, all of which maintain significant market share through vertically integrated SiC production and automotive-grade product portfolios. Additional key participants such as Microchip Technology, Fuji Electric, Navitas Semiconductor, Toshiba, and Qorvo are strengthening their competitive positioning through advanced device design, expanded wafer capacity, and strategic collaborations with automotive and energy system integrators. Asian manufacturers including San'an Optoelectronics, WeEn Semiconductors, and China Resources Microelectronics are expanding production capabilities to address rising domestic and export demand.

Regionally, Asia-Pacific dominates global market share, supported by strong semiconductor fabrication ecosystems, expanding EV production, and large-scale renewable energy deployment in China, Japan, and South Korea. North America demonstrates solid market growth driven by advanced research in SiC materials and increasing investment in domestic chip manufacturing. Europe maintains a significant market size, fueled by automotive electrification strategies and renewable energy policies across Germany, France, and other key economies. Looking ahead, the market forecast remains highly favorable as continued innovation in SiC wafer technology, capacity expansion initiatives, and broader adoption across transportation and energy systems reinforce long-term market growth and competitive advancement worldwide.

by Type

• 650V SiC SBD
• 1200V SiC SBD
• Others

by Application

• Automotive & EV/HEV
• EV Charging
• Industrial Motor/Drive
• PV, Energy Storage, Wind Power
• UPS, Data Center & Server
• Rail Transport
• Others

By Company

STMicroelectronics, Infineon, Wolfspeed, Rohm, onsemi, Microchip (Microsemi), Fuji Electric, Navitas (GeneSiC), Toshiba, Qorvo (UnitedSiC), San'an Optoelectronics, Littelfuse (IXYS), CETC 55, WeEn Semiconductors, BASiC Semiconductor, SemiQ, Diodes Incorporated, KEC Corporation, PANJIT Group, Nexperia, Vishay Intertechnology, Zhuzhou CRRC Times Electric, China Resources Microelectronics Limited, Yangzhou Yangjie Electronic Technology, Changzhou Galaxy Century Microelectronics, Cissoid, SK powertech

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