The global Silicon Carbide (SiC) Power MOSFETs market was valued at US$ 435.7 million in 2022 and is projected to reach US$ 1251.4 million by 2035, at a CAGR of 16.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Silicon Carbide (SiC) Power MOSFETs, also known as SiC MOSFETs, are a type of power semiconductor device used for switching and controlling electrical power in various applications. They are an evolution of traditional MOSFETs (Metal-Oxide-Semiconductor Field-Effect Transistors) but are made from silicon carbide instead of silicon, which gives them several advantages in high-power and high-frequency applications.

Silicon carbide MOSFETs have the characteristics of low on-resistance and small switching losses, which can reduce device losses and improve system efficiency, and are more suitable for high-frequency circuits. It is widely used in the fields of new energy vehicle motor controller, vehicle power supply, solar inverter, charging pile, UPS, PFC power supply and other fields.

Silicon Carbide Power MOSFETs Market aims to provide a comprehensive presentation of the global market for Silicon Carbide (SiC) Power MOSFETs, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Silicon Carbide (SiC) Power MOSFETs. Silicon Carbide Power MOSFETs Market contains market size and forecasts of Silicon Carbide (SiC) Power MOSFETs in global, including the following market information:

• Global Silicon Carbide (SiC) Power MOSFETs Market Revenue, 2018-2023, 2024-2035, ($ millions)
• Global Silicon Carbide (SiC) Power MOSFETs Market Sales, 2018-2023, 2024-2035, (K Units)
• Global top five Silicon Carbide (SiC) Power MOSFETs companies in 2022 (%)

Key Players in the SiC MOSFET Market:

• Prominent global manufacturers include Wolfspeed, Infineon Technologies, STMicroelectronics, and ROHM.
• The top three manufacturers collectively control 52% of the market.

Regional Market Distribution:

• Europe leads as the largest market for SiC MOSFETs, commanding a substantial share of over 74%.
• The APAC region follows closely with an 18% market share.
• North America holds a 6% market share.

We surveyed the Silicon Carbide (SiC) Power MOSFETs 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.

Total Market by Segment:

• Less than 500V
• 500V-1000V
• 1000V-1500V
• Above than 1500V

• Rail
• Smart Grid
• Electric Vehicle
• Communication Power
• Others

• OEMs (Original Equipment Manufacturers)
• System Integrators
• Distributors and Resellers

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

• Key companies Silicon Carbide (SiC) Power MOSFETs revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Silicon Carbide (SiC) Power MOSFETs revenues share in global market, 2022 (%)
• Key companies Silicon Carbide (SiC) Power MOSFETs sales in global market, 2018-2023 (Estimated), (K Units)
• Key companies Silicon Carbide (SiC) Power MOSFETs sales share in global market, 2022 (%)

• ROHM
• Wolfspeed
• Mitsubishi Electric
• STMicroelectronics
• InfineonTechnologies
• Littelfuse
• Ascatron
• Fuji Electric Co., Ltd.
• Toshiba
• MicroSemi (Microchip)
• GeneSiC Semiconductor Inc.
• Global Power Technology Co., Ltd., Inc.
• Shenzhen BASiC Semiconductor LTD.
• InventChip Technology Co., Ltd.
• ON Semiconductor
• Yangzhou Yangjie Electronic Technology Co., Ltd.

Key Trends:

1. Rising Demand in Sustainable Technologies: The increased demand for SiC power devices in electric vehicles, renewable energy, and industrial electronics underscores the global shift toward sustainability. SiC’s high efficiency and superior performance make it a preferred choice for applications that require energy efficiency and reduced environmental impact.
2. Continuous Technological Advancements: SiC power MOSFET technology is continually advancing to enhance performance and cost-effectiveness. Innovations like trench MOSFETs demonstrate the industry’s commitment to improving efficiency and reducing losses in power conversion.
3. Global Market Expansion: While North America and Europe have traditionally dominated the SiC power MOSFETs market, the expansion of this market into new regions, particularly Asia Pacific and the Middle East, signifies the global nature of the transition to SiC power devices. These regions are experiencing a surge in demand for SiC technology as they increasingly adopt electric vehicles and invest in renewable energy infrastructure.

Recent Developments:

• Infineon Technologies announced on July 12, 2022 that it would invest $1 billion in SiC manufacturing. The investment will be used to build a new SiC wafer fab in Villach, Austria. The fab is expected to be operational in 2024.
• Cree announced on June 2, 2022 that it would acquire Wolfspeed. The acquisition is expected to close in the second half of 2022.
• STMicroelectronics announced on May 11, 2022 that it would launch a new line of SiC power MOSFETs for electric vehicles. The new MOSFETs are designed to help improve the efficiency and performance of electric vehicles.
• ON Semiconductor announced on April 25, 2022 that it would expand its SiC manufacturing capacity. The expansion will be done by adding new production lines at ON Semiconductor’s fab in Oudenaarde, Belgium.
• Rohm announced on March 8, 2022 that it would launch a new line of SiC power MOSFETs for renewable energy applications. The new MOSFETs are designed to help improve the efficiency and performance of renewable energy systems.