SiC MOSFET Chips (Devices) and Module Market Overview
This report contains market size and forecasts of SiC MOSFET Chips (Devices) and Module in global, including the following market information:
Global SiC MOSFET Chips (Devices) and Module Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global SiC MOSFET Chips (Devices) and Module Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five SiC MOSFET Chips (Devices) and Module companies in 2022 (%)
The global SiC MOSFET Chips (Devices) and Module market was valued at US$ 540.9 million in 2022 and is projected to reach US$ 2731.9 million by 2029, at a CAGR of 26.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The top 5 players hold a total market share of approximately 80% in the SiC MOSFET market.
The automotive industry is expected to hold the largest share of the SiC MOSFET market in terms of revenue. This can be attributed to the increasing demand for electric and hybrid vehicles and the growing focus on reducing carbon emissions.
From a global perspective, China is the largest production region, and the main production enterprises are also concentrated in this region, such as Infineon Technologies, ON Semiconductor, STMicroelectronics etc. The total output value of China in 2019 is 222.31 million USD, accounting for 62.14% of the world, followed by Japan. The main manufacturers in this area include ROHM and Mitsubishi Electric, etc.
In Asia-Pacific, China is the largest market for SiC MOSFET devices and modules, driven by the country’s growing power electronics industry and the government’s focus on energy conservation and emissions reduction. Japan and South Korea are also significant markets for SiC MOSFETs, with a focus on automotive and renewable energy applications.
In North America, the United States is the largest market for SiC MOSFETs, driven by the growing demand for electric vehicles and renewable energy. The region also has a strong semiconductor industry, which supports the development and production of SiC MOSFET devices and modules.
In Europe, Germany is the largest market for SiC MOSFETs, with a focus on automotive and renewable energy applications. The region also has a strong semiconductor industry, which supports the development and production of SiC MOSFET devices and modules.
Market Drivers:
- Higher Efficiency: SiC MOSFETs have a higher efficiency compared to traditional silicon-based devices, resulting in reduced power loss and improved performance.
- Faster Switching Speed: SiC MOSFETs have a faster switching speed, which enables them to switch on and off more quickly, reducing power loss and improving system efficiency.
- Higher Temperature Tolerance: SiC MOSFETs can operate at higher temperatures than traditional silicon-based devices, making them suitable for high-temperature applications such as electric vehicles and industrial automation.
- Increasing Adoption of Electric Vehicles: The demand for SiC MOSFETs is increasing due to the growing adoption of electric vehicles. SiC MOSFETs offer higher efficiency and faster switching speeds compared to traditional silicon-based devices, making them ideal for electric vehicle applications.
- Growing Renewable Energy Market: The increasing demand for renewable energy is also driving the demand for SiC MOSFETs. SiC MOSFETs are used in renewable energy systems such as solar inverters and wind turbines due to their higher efficiency and faster switching speeds.
- Industrial Automation: The growing trend towards Industry 4.0 and industrial automation is driving the demand for SiC MOSFETs. These devices are used in high-power applications such as motor drives and power supplies, where high efficiency and fast switching speeds are critical.
In the report, there are two mainly types of SiC MOSFET Chips/Devices and Module, including SiC MOSFET Chips/Devices and SiC MOSFET Module. And SiC MOSFET Chips/Devices is the main type for SiC MOSFET Chips/Devices and Module
SiC MOSFET Chips (Devices) and Module Market Regional Analysis :
- North America:Strong demand driven by EVs, 5G infrastructure, and renewable energy, with the U.S. leading the market.
- Europe:Growth fueled by automotive electrification, renewable energy, and strong regulatory support, with Germany as a key player.
- Asia-Pacific:Dominates the market due to large-scale manufacturing in China and Japan, with growing demand from EVs, 5G, and semiconductors.
- South America:Emerging market, driven by renewable energy and EV adoption, with Brazil leading growth.
- Middle East & Africa:Gradual growth, mainly due to investments in renewable energy and EV infrastructure, with Saudi Arabia and UAE as key contributors.
SiC MOSFET Chips (Devices) and Module Market Segmentation
We surveyed the SiC MOSFET Chips (Devices) and Module manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
| Report Attributes | Report Details |
|---|---|
| Report Title | SiC MOSFET Chips (Devices) and Module Market Size, Outlook and Forecast 2023 to 2029 |
| Market size in 2022 | US$ 540.9 million |
| Forecast Market size by 2029 | US$ 2731.9 million |
| Growth Rate | CAGR of 26.0% |
| by Type |
|
| by Application |
|
| By Industry |
|
| key players |
|
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
|---|---|
| Base Year | 2022 |
| Forecast Year | 2030 |
| Number of Pages | 100+ Pages |
| Customization Available | Yes, the report can be customized as per your need. |
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies SiC MOSFET Chips (Devices) and Module revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies SiC MOSFET Chips (Devices) and Module revenues share in global market, 2022 (%)
Key companies SiC MOSFET Chips (Devices) and Module sales in global market, 2018-2023 (Estimated), (K Units)
Key companies SiC MOSFET Chips (Devices) and Module sales share in global market, 2022 (%)
Key Industry Developments:
- In June 2021, Infineon Technologies announced the acquisition of Cypress Semiconductor Corporation, which will further strengthen Infineon’s position in the automotive and Internet of Things (IoT) markets.
- In May 2021, Cree/Wolfspeed announced the expansion of its manufacturing capacity for SiC MOSFETs and other power electronics products, in response to the growing demand for these products in electric vehicles, renewable energy, and industrial automation applications.
- In February 2021, ON Semiconductor introduced a new range of SiC MOSFETs with higher voltage ratings, designed for use in electric vehicle and renewable energy applications.
- In January 2021, STMicroelectronics unveiled a new SiC MOSFET power module for electric vehicle applications, which features high efficiency and compact design.
- In October 2021, ROHM Semiconductor announced the development of a new SiC MOSFET chip that achieves the industry’s lowest on-resistance, enabling higher efficiency and lower power loss in power electronics applications.
FAQs –
Q: What is the current market size of the SiC MOSFET market?
A: The SiC MOSFET market was valued at USD 2731.9 million in 2023 and is expected to grow at a significant CAGR 26.0% during the forecast period.
Q: Which are the key companies operating in the SiC MOSFET market?
A: Leading companies include Infineon Technologies, Wolfspeed, Rohm Semiconductor, STMicroelectronics, ON Semiconductor, and Mitsubishi Electric.
Q: What are the key growth drivers in the SiC MOSFET market?
A: The major drivers include increasing adoption in electric vehicles (EVs), growing demand for high-efficiency power electronics, and expansion in renewable energy applications.
Q: Which regions dominate the SiC MOSFET market?
A: Asia-Pacific, particularly China, Japan, and South Korea, leads the market, followed by North America and Europe due to strong semiconductor and EV industries.
Q: What are the emerging trends in the SiC MOSFET market?
A: Trends include increasing wafer size (from 6-inch to 8-inch), development of high-voltage SiC MOSFETs, and integration in aerospace and industrial power applications.
Q: How is SiC MOSFET technology different from traditional silicon-based MOSFETs?
A: SiC MOSFETs offer higher efficiency, better thermal conductivity, and higher voltage handling compared to traditional silicon MOSFETs.
Q: What role does SiC MOSFET play in electric vehicles (EVs)?
A: SiC MOSFETs help improve battery efficiency, reduce power losses, and enhance overall EV performance in inverters and onboard chargers.
Q: What are the main challenges in the SiC MOSFET market?
A: Key challenges include high production costs, complex manufacturing processes, and limited large-scale production capacity.
Q: Which industries are the biggest consumers of SiC MOSFETs?
A: Major industries include automotive (EVs), renewable energy, industrial automation, telecommunications, and aerospace.
Q: What advancements are expected in SiC MOSFET technology in the next five years?
A: Future advancements include 8-inch wafer production, lower defect rates, improved cost efficiency, and higher power density devices.
Get Sample Report PDF for Exclusive Insights
Report Sample Includes
- Table of Contents
- List of Tables & Figures
- Charts, Research Methodology, and more...
Download Sample Report PDF
