PUBLISHER: Azoth Analytics | PRODUCT CODE: 1496169
PUBLISHER: Azoth Analytics | PRODUCT CODE: 1496169
Azoth Analytics has released a research report titled "Global SiC Power Device Market (2024 Edition)" which provides a complete analysis of the Global SiC Power Device industry in terms of market segmentation By Voltage (300-900 V, 901-1700 V and Above 1700 V), By Type (MOSFETS, Hybrid Modules, Schotty Barrier Diodes (SBDS), Bipolar Junction Transistor and Other Types), By Application (Automotive, Energy, Industrial, Transportation and Other Applications) for the historical period of 2020-2023, the estimates of 2023 and the forecast period of 2025-2030.
The report analyses the SiC Power Device Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Brazil, Germany, United Kingdom, France, China, Japan, India and South Korea). The Global SiC Power Device market showcased growth at a CAGR of 19.33% during 2020-2023. The market was valued at USD 1405.20 Million in 2023 which is expected to reach USD 7113.46 Million in 2030. One of the primary drivers of the increased demand for SiC power devices is their unmatched energy efficiency and performance. SiC devices exhibit lower energy losses during power conversion processes, which is critical in applications such as inverters and power supplies. The material properties of SiC allow these devices to operate at higher temperatures and voltages, significantly exceeding the performance of traditional silicon-based devices. This high-temperature and high-voltage tolerance not only enhances the efficiency of power electronics but also reduces the necessity for extensive cooling systems, leading to more compact and cost-effective solutions.
Technological advancements have played a crucial role in driving the adoption of SiC power devices. Improvements in SiC wafer production and device fabrication processes have not only reduced the costs associated with SiC technology but have also enhanced the quality and yield of these devices. Continuous research and development efforts are expanding the application scope of SiC devices, leading to innovations that further enhance their performance and reliability. These advancements are making SiC technology more accessible and attractive to a broader range of industries, contributing to its growing demand.
Moreover, renewable energy systems, particularly solar and wind power, also heavily rely on SiC power devices to maximize efficiency and effectiveness. In solar power systems, SiC inverters convert DC electricity generated by solar panels into AC electricity with minimal energy loss, enhancing the overall energy yield. Similarly, in wind power systems, SiC devices improve the efficiency of power converters, which are essential for converting the variable frequency output of wind turbines into stable and usable power. Additionally, the integration of renewable energy sources into the power grid is facilitated by SiC technology, which offers reliable and efficient power conversion, thereby supporting the stability and resilience of modern power grids.
The Telecommunications industry, particularly with the advent of 5G technology, is another major domain driving the demand for SiC power devices. The deployment of 5G networks requires highly efficient and reliable power amplifiers and base stations. SiC devices, with their superior performance characteristics, meet these stringent requirements, enabling faster data transmission and enhanced network reliability. As 5G technology continues to expand globally, the reliance on SiC power devices is expected to grow, further fuelling demand.
Electric car sales neared 14 million in 2023, 95% of which were in China, Europe and the United States. Almost 14 million new electric cars were registered globally in 2023, bringing their total number on the roads to 40 million. EVs require power electronic components that can handle high power levels with maximum efficiency. SiC power devices are preferred in EVs because they offer lower energy losses and higher efficiency compared to traditional silicon-based power devices. This demand boosts the SiC power device market as more EV manufacturers integrate these components to enhance vehicle performance.
Additionally, as the EV market grows, there is a parallel need for efficient and fast charging infrastructure. SiC power devices enable faster switching speeds and can handle higher voltages, which are crucial for high-power and ultra-fast EV charging stations. This drives the demand for SiC devices in the charging infrastructure segment, further expanding the market. SiC power devices contribute to reducing the weight and size of power electronic systems in EVs, such as inverters and onboard chargers. This reduction leads to better vehicle performance and longer driving ranges, which are key selling points for EVs. As a result, the automotive industry's push for improved EV performance directly stimulates the demand for SiC power devices.
Scope of the Report:
The report analyses the SiC Power Device Market by Value (USD Million).
The report analyses the SiC Power Device Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Brazil, Germany, United Kingdom, France, China, Japan, India and South Korea).
The report presents the analysis of SiC Power Device Market for the historical period of 2020-2023, the estimated year 2024 and the forecast period of 2025-2030.
The report analyses the SiC Power Device Market By Voltage (300-900 V, 901-1700 V and Above 1700 V)
The report analyses the SiC Power Device Market By Type (MOSFETS, Hybrid Modules, Schotty Barrier Diodes (SBDS), Bipolar Junction Transistor and Other Types).
The report analyses the SiC Power Device Market By Application (Automotive, Energy, Industrial, Transportation and Other Applications).
The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, By Products, by mode of operation & by end users.
Also, the major opportunities, trends, drivers, and challenges of the industry has been analyzed in the report.
The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include of are Wolfspeed Inc., Infineon Technologies AG, STMicroelectronics NV, ROHM Semiconductor Co. Ltd., ON Semiconductor, Microchip Technology Inc., Mitsubishi Electric Corporation, Texas Instruments Incorporated, Renesas Electronics Corp and Fuji Electric Co. Ltd.
List of Tables
Table A1: Global Impact of Macro Economic Factors, By Region
Table A2: United States SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A3: United States SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A4: United States SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A5: United States SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A6: United States SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A7: United States SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A8: Brazil SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A9: Brazil SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A10: Brazil SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A11: Brazil SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A12: Brazil SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A13: Brazil SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A14: Canada SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A15: Canada SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A16: Canada SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A17: Canada SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A18: Canada SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A19: Canada SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A20: Rest of Americas SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A21: Rest of Americas SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A22: Rest of Americas SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A23: Rest of Americas SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A24: Rest of Americas SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A25: Rest of Americas SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A26: Germany SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A27: Germany SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A28: Germany SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A29: Germany SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A30: Germany SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A31: Germany SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A32: United Kingdom SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A33: United Kingdom SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A34: United Kingdom SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A35: United Kingdom SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A36: United Kingdom SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A37: United Kingdom SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A38: France SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A39: France SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A40: France SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A41: France SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A42: France SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A43: France SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A44: Rest of Europe SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A45: Rest of Europe SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A46: Rest of Europe SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A47: Rest of Europe SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A48: Rest of Europe SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A49: Rest of Europe SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A50: China SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A51: China SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A52: China SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A53: China SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A54: China SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A55: China SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A56: India SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A57: India SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A58: India SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A59: India SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A60: India SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A61: India SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A62: Japan SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A63: Japan SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A64: Japan SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A65: Japan SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A66: Japan SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A67: Japan SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A68: South Korea SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A69: South Korea SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A70: South Korea SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A71: South Korea SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A72: South Korea SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A73: South Korea SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A74: Rest of Asia Pacific SiC Power Device Market, By Voltage, By Value, 2020-2023 (USD Million)
Table A75: Rest of Asia Pacific SiC Power Device Market, By Voltage, By Value, 2024-2030 (USD Million)
Table A76: Rest of Asia Pacific SiC Power Device Market, By Type, By Value, 2020-2023 (USD Million)
Table A77: Rest of Asia Pacific SiC Power Device Market, By Type, By Value, 2024-2030 (USD Million)
Table A78: Rest of Asia Pacific SiC Power Device Market, By Applications, By Value, 2020-2023 (USD Million)
Table A79: Rest of Asia Pacific SiC Power Device Market, By Applications, By Value, 2024-2030 (USD Million)
Table A80: Wolfspeed Key Company Financials, 2021-2023
Table A81: Infineon Key Company Financials, 2021-2023
Table A82: STMicroelectronics Key Company Financials, 2021-2023
Table A83: Rohm Key Company Financials, 2022-2024
Table A84: ONSemi Key Company Financials, 2021-2023
Table A85: Microchip Key Company Financials, 2021-2023
Table A86: Mitsubishi Electric Key Company Financials, 2022-2024
Table A87: Texas Instruments Key Company Financials, 2021-2023
Table A88: Renesas Key Company Financials, 2021-2023
Table A89: Fuji Electric Key Company Financials, 2021-2023