SiC Power Device Market

SiC Power Device Market [Product Type: Diode, Power Module, MOSFETs, Gate Driver; End-use industry: Aerospace & Defense, Consumer Electronics, IT & Telecommunication, Automotive & Transportation, Others] - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Market Outlook 2031

  • The global SiC power device market size was valued at US$ 1.3 Bn in 2022
  • It is estimated to expand at a CAGR of 19.3% from 2023 to 2031 and reach US$ 6.3 Bn by the end of 2031

Analysts’ Viewpoint

Silicon carbide (SiC) power devices have emerged as the most viable choice for next-generation, low-loss semiconductors due to their low on-resistance, superior high-frequency, high-temperature, and high-voltage performance. Silicon Carbide (SiC) allows designers to use fewer components, which further helps reduce design complexity. Silicon carbide (SiC) is gaining traction as an alternative material among manufacturers, as compared to silicon material, particularly in wide bandgap applications. This material provides a unique combination of higher power efficiency and withstand voltage, smaller size, lighter weight, and reduced total system cost.

Key manufacturers of SiC power devices are engaged in the development of various types of SiC power devices to improve power saving in applications across various end-use industries. Growing demand for smaller size, lower weight, and higher efficiency silicon carbide (SiC) power devices among various end-use manufacturers in Asia Pacific is projected to fuel the SiC power device market share held by the region in the upcoming years.

Sic Power Device Market

Introduction

Power semiconductor devices are extensively used for the management and control of electrical energy. The improved performance of power devices has resulted in cost savings and increased efficiency, leading to reduced use of fossil fuels and less environmental damage. Usage of SiC power semiconductors is anticipated to rise exponentially due to its critical efficiency properties, which enable cost savings while boosting system performance in numerous applications such as solar inverters, e-mobility, EV chargers, and motor drives.

Increase in Need for Highly Reliable Power Systems Driving Silicon Carbide (SiC) Power Device Market Growth

The need for high reliability power systems has created growth opportunity for manufacturers of SiC MOSFETs because they offer high efficiency in applications across various end-use industries. Efficiency is important along with robustness, compactness, and light weight for medium voltage conversion systems. These SiC properties contribute significantly to reducing overall system maintenance and operating costs.

Silicon Carbide allows lighter, smaller, and more cost-effective designs, converting energy more efficiently, and supports a wide range of end-use applications. For instance, WOLFSPEED, INC. Gen3, 3300 V Bare Die silicon carbide MOSFETs provide benefits at both die levels and the system.

Traction systems, industrial motor drives, and industrial uninterruptible power supplies (UPS), need high reliable power systems to work in harsh environment. Silicon carbide MOSFETs enable designers to build systems with higher efficiency, higher operating temperatures, smaller form factors, and reduced design complexity. Consequently, high demand for SiC MOSFETs due to their high reliability is anticipated to propel the SiC power device industry.

Rise in Demand for Silicon Carbide Power Devices from Automotive Sector

Power devices are an important component in hybrid and electric vehicles. Silicon carbide (SiC) holds great potential for numerous automotive applications, especially for battery electric vehicles. It can extend runtime per charge as compared to silicon, reduce battery charge time and contribute to the overall efficiency by providing the same runtime with less battery capacity and lighter weight.

Top automotive manufacturers such as Tesla and Toyota, are using silicon carbide (SiC) technology in their electric vehicles, which is estimated to boost the production of power devices in the semiconductor industry. For instance, according to India Brand Equity Foundation, in India, the electric vehicle market is estimated to reach US$ 7.09 Bn by 2025 and grow to reach US$ 206 billion by 2030. Consequently, the demand for silicon carbide (SiC) power devices is estimated to increase significantly in the near future.

For instance, in December 2022, STMicroelectronics launched silicon-carbide (SiC) high-power modules to increase the driving range and performance of electric vehicles. This new module is designed for vehicle manufacturers to develop electric vehicle traction applications.

High Demand for MOSFET SiC Power Devices

In terms of product type, the global SiC power device industry segmentation comprises diode, power module, MOSFETs, and gate driver. The MOSFETs segment held 32.13% share in 2022. It is likely to maintain the status quo and expand at a growth rate of 19.8% during the forecast period. MOSFETs offer superior performance, reliability, and ease of use for system designers. It provides higher temperature operation, an increased critical breakdown strength (10x that of silicon), reduced switching losses, and higher switching frequencies.

Therefore, components and devices that used silicon carbide (SiC) MOSFETs are more efficient, are easier to keep cool, have a higher current density, use smaller peripheral components (such as filters, inductors, capacitors, and transformers), and are more compact in size. Silicon carbide MOSFETs are highly reliable, more lightweight and rugged than traditional silicon counterparts.

Rise in Application of 600V – 1000V SiC Power Devices

In terms of voltage, the 600V-1000V segment held 31.89% of the global SiC power device market share in 2022. It is likely to maintain the status quo and expand at a growth rate of 19.8% during the forecast period. 600V-1000V dominates the global SiC Power Device market because it supports the need for DC power supplies ranging from several hundred watts to tens of kilowatts, which includes applications such as solar inverters, automotive traction inverters, electric vehicle (EV) charging, uninterruptible power supplies (UPSs) and server power supply units (PSUs).

Regional Outlook

According to the latest regional SiC power device market analysis, Asia Pacific held a prominent share of 44.23% of the global market in 2022. North America accounted for 26.12% share in 2022.

Asia Pacific dominated the global SiC power device business due to high demand from electronics and semiconductor, automotive, medical, and others industries in the region. Additionally, increasing demand for SiC power devices from overseas countries in North America and Europe are estimated to positively impact the Asia Pacific SiC power device market forecast.

The North America market is anticipated to grow during the forecast period, as major players in the region are focusing on the introduction of new products and forming strategic partnerships to expand their business.

Analysis of Key Players in SiC Power Device Market

The global SiC power device business is consolidated with a small number of large-scale vendors controlling a majority of the market share. Majority of companies are following the latest market trends and spending significantly on expansion of product portfolios and mergers and acquisitions. Key players are focusing on product launches, and developing a worldwide distribution network to increase their market share. Coherent Corp, Fuji Electric Co., Ltd, Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corporation, ON Semiconductor Corp, Renesas Electronics Corporation, ROHM Co. Ltd, Toshiba Electronic Devices & Storage Corporation, WOLFSPEED, INC, are a few prominent companies operating in the global market.

Key Developments

  • In March 2023, Mitsubishi Electric Corporation announced that it had constructed a new wafer plant to increase manufacturing of silicon carbide (SiC) power semiconductors to boost its SiC power semiconductor business. The new wafer plant is expected to help respond fast due to increasing demand for SiC power semiconductors for electric vehicles.
  • In December 2022, Toshiba Electronic Devices & Storage Corporation developed SiC metal oxide semiconductor field effect transistor (MOSFET) to offer both low on-resistance and high reliability.
  • In March 2022, Microchip Technology unveiled 3.3 kV Silicon Carbide (SiC) power devices. This is estimated to help designers to develop lighter, smaller, and efficient solutions for renewable energy, electrified transportation, aerospace, and industrial applications.

Key players in the SiC power device market report have been profiled based on various parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global SiC Power Device Market Snapshot

Attribute Detail

Market Size Value in 2022

US$ 1.3 Bn

Market Forecast Value in 2031

US$ 6.3 Bn

Growth Rate (CAGR)

19.3%

Forecast Period

2023-2031

Historical Data Available for

2017-2021

Quantitative Units

US$ Bn for Value & Billion Units for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Product Type
    • Diode
    • Power Module
    • MOSFETs
    • Gate Driver
  • Voltage
    • Up to 600V
    • 600V- 1000V
    • 1000V -1500V
    • Above 1500V
  • Application
    • Inverter / Converter
    • Power Supply
    • Motor Drive
    • Photovoltaic / Energy Storage Systems
    • Flexible AC Transmission Systems (FACTs)
    • RF Devices & Cellular Base Stations
    • Others (Induction Heating Equipment, Traction Systems, etc.)
  • End-use Industry
    • Aerospace & Defense
    • Consumer Electronics
    • IT & Telecommunication
    • Automotive & Transportation
    • Others (Healthcare, Energy & Utility, etc.)

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Japan
  • China
  • India
  • ASEAN
  • GCC
  • South Africa
  • Brazil

Companies Profiled

  • Coherent Corp.
  • Fuji Electric Co., Ltd
  • Infineon Technologies AG
  • Microchip Technology Inc.
  • Mitsubishi Electric Corporation
  • ON Semiconductor Corp
  • Renesas Electronics Corporation
  • ROHM Co. Ltd
  • Toshiba Electronic Devices & Storage Corporation
  • WOLFSPEED, INC.
  • Other Key Players

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big is the market size of SiC power device in 2022?

The global market was valued at US$ 1.3 Bn in 2022.

How much would be the CAGR of the SiC Power Device industry during the forecast period?

It is expected to be 19.3% from 2023 to 2031.

What are the key factors driving the demand for SiC power device?

Rise in demand for silicon carbide power devices from automotive sector and increase in need for highly reliable power systems

Which Product type segment of SiC power device held largest share in 2022?

The MOSFETs segment accounted for 32.13% share in 2022.

Which voltage segment of SiC power device accounted for largest share in 2022?

The 600V-1000V segment accounted for 31.89% share in 2022.

Which region is more attractive for vendors in 2022?

Asia Pacific was highly attractive and accounted for major share of 44.23% in 2022.

How big was China SiC power device business in 2022?

The China SiC power device business was valued at US$ 0.24 Bn in 2022.

Who are the prominent SiC Power Device manufacturers?

Coherent Corp, Fuji Electric Co., Ltd, Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corporation, ON Semiconductor Corp, Renesas Electronics Corporation, ROHM Co. Ltd, Toshiba Electronic Devices & Storage Corporation, WOLFSPEED, INC.

    1. Preface

        1.1. Market and Segments Definition

        1.2. Market Taxonomy

        1.3. Research Methodology

        1.4. Assumption and Acronyms

    2. Executive Summary

        2.1. Global SiC Power Device Market Overview

        2.2. Regional Outline

        2.3. Industry Outline

        2.4. Market Dynamics Snapshot

        2.5. Competition Blueprint

    3. Market Dynamics

        3.1. Macro-economic Factors

        3.2. Drivers

        3.3. Restraints

        3.4. Opportunities

        3.5. Key Trends

        3.6. Regulatory Framework

    4. Associated Industry and Key Indicator Assessment

        4.1. Parent Industry Overview - Global Semiconductor Industry Overview

        4.2. Supply Chain Analysis

        4.3. Pricing Analysis

        4.4. Technology Roadmap

        4.5. Industry SWOT Analysis

        4.6. Porter’s Five Forces Analysis

    5. Global SiC Power Device Market Analysis, by Product Type

        5.1. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Product Type, 2017-2031

            5.1.1. Diode

            5.1.2. Power Module

            5.1.3. MOSFETs

            5.1.4. Gate Driver

        5.2. Market Attractiveness Analysis, by Product Type

    6. Global SiC Power Device Market Analysis, by Voltage

        6.1. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Voltage, 2017-2031

            6.1.1. Up to 600V

            6.1.2. 600V- 1000V

            6.1.3. 1000V -1500V

            6.1.4. Above 1500V

        6.2. Market Attractiveness Analysis, by Voltage

    7. Global SiC Power Device Market Analysis, by Application

        7.1. SiC Power Device Market Size (US$ Bn) Analysis & Forecast, by Application, 2017-2031

            7.1.1. Inverter/Converter

            7.1.2. Power Supply

            7.1.3. Motor Drive

            7.1.4. Photovoltaic/Energy Storage Systems

            7.1.5. Flexible AC Transmission Systems (FACTs)

            7.1.6. RF Devices & Cellular Base Stations

            7.1.7. Others

        7.2. Market Attractiveness Analysis, by Application

    8. Global SiC Power Device Market Analysis, by End-use Industry

        8.1. SiC Power Device Market Size (US$ Bn) Analysis & Forecast, by End-use Industry, 2017-2031

            8.1.1. Aerospace & Defense

            8.1.2. Consumer Electronics

            8.1.3. IT & Telecommunication

            8.1.4. Automotive & Transportation

            8.1.5. Others

        8.2. Market Attractiveness Analysis, by End-use Industry

    9. Global SiC Power Device Market Analysis and Forecast, by Region

        9.1. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Region, 2017-2031

            9.1.1. North America

            9.1.2. Europe

            9.1.3. Asia Pacific

            9.1.4. Middle East & Africa

            9.1.5. South America

        9.2. Market Attractiveness Analysis, by Region

    10. North America SiC Power Device Market Analysis and Forecast

        10.1. Market Snapshot

        10.2. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Product Type, 2017-2031

            10.2.1. Diode

            10.2.2. Power Module

            10.2.3. MOSFETs

            10.2.4. Gate Driver

        10.3. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Voltage, 2017-2031

            10.3.1. Up to 600V

            10.3.2. 600V- 1000V

            10.3.3. 1000V -1500V

            10.3.4. Above 1500V

        10.4. SiC Power Device Market Size (US$ Bn) Analysis & Forecast, by Application, 2017-2031

            10.4.1. Inverter/Converter

            10.4.2. Power Supply

            10.4.3. Motor Drive

            10.4.4. Photovoltaic/Energy Storage Systems

            10.4.5. Flexible AC Transmission Systems (FACTs)

            10.4.6. RF Devices & Cellular Base Stations

            10.4.7. Others

        10.5. SiC Power Device Market Size (US$ Bn) Analysis & Forecast, by End-use Industry, 2017-2031

            10.5.1. Aerospace & Defense

            10.5.2. Consumer Electronics

            10.5.3. IT & Telecommunication

            10.5.4. Automotive & Transportation

            10.5.5. Others

        10.6. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Country and Sub-region, 2017-2031

            10.6.1. U.S.

            10.6.2. Canada

            10.6.3. Rest of North America

        10.7. Market Attractiveness Analysis

            10.7.1. By Product Type

            10.7.2. By Voltage

            10.7.3. By Application

            10.7.4. By End-use Industry

            10.7.5. By Country/Sub-region

    11. Europe SiC Power Device Market Analysis and Forecast

        11.1. Market Snapshot

        11.2. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Product Type, 2017-2031

            11.2.1. Diode

            11.2.2. Power Module

            11.2.3. MOSFETs

            11.2.4. Gate Driver

        11.3. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Voltage, 2017-2031

            11.3.1. Up to 600V

            11.3.2. 600V- 1000V

            11.3.3. 1000V -1500V

            11.3.4. Above 1500V

        11.4. SiC Power Device Market Size (US$ Bn) Analysis & Forecast, by Application, 2017-2031

            11.4.1. Inverter/Converter

            11.4.2. Power Supply

            11.4.3. Motor Drive

            11.4.4. Photovoltaic/Energy Storage Systems

            11.4.5. Flexible AC Transmission Systems (FACTs)

            11.4.6. RF Devices & Cellular Base Stations

            11.4.7. Others

        11.5. SiC Power Device Market Size (US$ Bn) Analysis & Forecast, by End-use Industry, 2017-2031

            11.5.1. Aerospace & Defense

            11.5.2. Consumer Electronics

            11.5.3. IT & Telecommunication

            11.5.4. Automotive & Transportation

            11.5.5. Others

        11.6. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Country and Sub-region, 2017-2031

            11.6.1. U.K.

            11.6.2. Germany

            11.6.3. France

            11.6.4. Rest of Europe

        11.7. Market Attractiveness Analysis

            11.7.1. By Product Type

            11.7.2. By Voltage

            11.7.3. By Application

            11.7.4. By End-use Industry

            11.7.5. By Country/Sub-region

    12. Asia Pacific SiC Power Device Market Analysis and Forecast

        12.1. Market Snapshot

        12.2. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Product Type, 2017-2031

            12.2.1. Diode

            12.2.2. Power Module

            12.2.3. MOSFETs

            12.2.4. Gate Driver

        12.3. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Voltage, 2017-2031

            12.3.1. Up to 600V

            12.3.2. 600V- 1000V

            12.3.3. 1000V -1500V

            12.3.4. Above 1500V

        12.4. SiC Power Device Market Size (US$ Bn) Analysis & Forecast, by Application, 2017-2031

            12.4.1. Inverter/Converter

            12.4.2. Power Supply

            12.4.3. Motor Drive

            12.4.4. Photovoltaic/Energy Storage Systems

            12.4.5. Flexible AC Transmission Systems (FACTs)

            12.4.6. RF Devices & Cellular Base Stations

            12.4.7. Others

        12.5. SiC Power Device Market Size (US$ Bn) Analysis & Forecast, by End-use Industry, 2017-2031

            12.5.1. Aerospace & Defense

            12.5.2. Consumer Electronics

            12.5.3. IT & Telecommunication

            12.5.4. Automotive & Transportation

            12.5.5. Others

        12.6. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Country and Sub-region, 2017-2031

            12.6.1. China

            12.6.2. Japan

            12.6.3. India

            12.6.4. South Korea

            12.6.5. ASEAN

            12.6.6. Rest of Asia Pacific

        12.7. Market Attractiveness Analysis

            12.7.1. By Product Type

            12.7.2. By Voltage

            12.7.3. By Application

            12.7.4. By End-use Industry

            12.7.5. By Country/Sub-region

    13. Middle East & Africa SiC Power Device Market Analysis and Forecast

        13.1. Market Snapshot

        13.2. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Product Type, 2017-2031

            13.2.1. Diode

            13.2.2. Power Module

            13.2.3. MOSFETs

            13.2.4. Gate Driver

        13.3. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Voltage, 2017-2031

            13.3.1. Up to 600V

            13.3.2. 600V- 1000V

            13.3.3. 1000V -1500V

            13.3.4. Above 1500V

        13.4. SiC Power Device Market Size (US$ Bn) Analysis & Forecast, by Application, 2017-2031

            13.4.1. Inverter/Converter

            13.4.2. Power Supply

            13.4.3. Motor Drive

            13.4.4. Photovoltaic/Energy Storage Systems

            13.4.5. Flexible AC Transmission Systems (FACTs)

            13.4.6. RF Devices & Cellular Base Stations

            13.4.7. Others

        13.5. SiC Power Device Market Size (US$ Bn) Analysis & Forecast, by End-use Industry, 2017-2031

            13.5.1. Aerospace & Defense

            13.5.2. Consumer Electronics

            13.5.3. IT & Telecommunication

            13.5.4. Automotive & Transportation

            13.5.5. Others

        13.6. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Country and Sub-region, 2017-2031

            13.6.1. GCC

            13.6.2. South Africa

            13.6.3. Rest of Middle East & Africa

        13.7. Market Attractiveness Analysis

            13.7.1. By Product Type

            13.7.2. By Voltage

            13.7.3. By Application

            13.7.4. By End-use Industry

            13.7.5. By Country/Sub-region

    14. South America SiC Power Device Market Analysis and Forecast

        14.1. Market Snapshot

        14.2. Drivers and Restraints: Impact Analysis

        14.3. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Product Type, 2017-2031

            14.3.1. Diode

            14.3.2. Power Module

            14.3.3. MOSFETs

            14.3.4. Gate Driver

        14.4. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Voltage, 2017-2031

            14.4.1. Up to 600V

            14.4.2. 600V- 1000V

            14.4.3. 1000V -1500V

            14.4.4. Above 1500V

        14.5. SiC Power Device Market Size (US$ Bn) Analysis & Forecast, by Application, 2017-2031

            14.5.1. Inverter/Converter

            14.5.2. Power Supply

            14.5.3. Motor Drive

            14.5.4. Photovoltaic/Energy Storage Systems

            14.5.5. Flexible AC Transmission Systems (FACTs)

            14.5.6. RF Devices & Cellular Base Stations

            14.5.7. Others

        14.6. SiC Power Device Market Size (US$ Bn) Analysis & Forecast, by End-use Industry, 2017-2031

            14.6.1. Aerospace & Defense

            14.6.2. Consumer Electronics

            14.6.3. IT & Telecommunication

            14.6.4. Automotive & Transportation

            14.6.5. Others

        14.7. SiC Power Device Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Country and Sub-region, 2017-2031

            14.7.1. Brazil

            14.7.2. Rest of South America

        14.8. Market Attractiveness Analysis

            14.8.1. By Product Type

            14.8.2. By Voltage

            14.8.3. By Application

            14.8.4. By End-use Industry

            14.8.5. By Country/Sub-region

    15. Competition Assessment

        15.1. Global SiC Power Device Market Competition Matrix - a Dashboard View

            15.1.1. Global SiC Power Device Market Company Share Analysis, by Value (2022)

            15.1.2. Technological Differentiator

    16. Company Profiles (Global Manufacturers/Suppliers)

        16.1. Coherent Corp.

            16.1.1. Overview

            16.1.2. Product Portfolio

            16.1.3. Sales Footprint

            16.1.4. Key Subsidiaries or Distributors

            16.1.5. Strategy and Recent Developments

            16.1.6. Key Financials

        16.2. Fuji Electric Co., Ltd

            16.2.1. Overview

            16.2.2. Product Portfolio

            16.2.3. Sales Footprint

            16.2.4. Key Subsidiaries or Distributors

            16.2.5. Strategy and Recent Developments

            16.2.6. Key Financials

        16.3. Infineon Technologies AG

            16.3.1. Overview

            16.3.2. Product Portfolio

            16.3.3. Sales Footprint

            16.3.4. Key Subsidiaries or Distributors

            16.3.5. Strategy and Recent Developments

            16.3.6. Key Financials

        16.4. Microchip Technology Inc.

            16.4.1. Overview

            16.4.2. Product Portfolio

            16.4.3. Sales Footprint

            16.4.4. Key Subsidiaries or Distributors

            16.4.5. Strategy and Recent Developments

            16.4.6. Key Financials

        16.5. Mitsubishi Electric Corporation

            16.5.1. Overview

            16.5.2. Product Portfolio

            16.5.3. Sales Footprint

            16.5.4. Key Subsidiaries or Distributors

            16.5.5. Strategy and Recent Developments

            16.5.6. Key Financials

        16.6. ON Semiconductor Corp

            16.6.1. Overview

            16.6.2. Product Portfolio

            16.6.3. Sales Footprint

            16.6.4. Key Subsidiaries or Distributors

            16.6.5. Strategy and Recent Developments

            16.6.6. Key Financials

        16.7. Renesas Electronics Corporation

            16.7.1. Overview

            16.7.2. Product Portfolio

            16.7.3. Sales Footprint

            16.7.4. Key Subsidiaries or Distributors

            16.7.5. Strategy and Recent Developments

            16.7.6. Key Financials

        16.8. ROHM Co. Ltd

            16.8.1. Overview

            16.8.2. Product Portfolio

            16.8.3. Sales Footprint

            16.8.4. Key Subsidiaries or Distributors

            16.8.5. Strategy and Recent Developments

            16.8.6. Key Financials

        16.9. TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION

            16.9.1. Overview

            16.9.2. Product Portfolio

            16.9.3. Sales Footprint

            16.9.4. Key Subsidiaries or Distributors

            16.9.5. Strategy and Recent Developments

            16.9.6. Key Financials

        16.10. WOLFSPEED, INC.

            16.10.1. Overview

            16.10.2. Product Portfolio

            16.10.3. Sales Footprint

            16.10.4. Key Subsidiaries or Distributors

            16.10.5. Strategy and Recent Developments

            16.10.6. Key Financials

        16.11. Other Key Players

            16.11.1. Overview

            16.11.2. Product Portfolio

            16.11.3. Sales Footprint

            16.11.4. Key Subsidiaries or Distributors

            16.11.5. Strategy and Recent Developments

            16.11.6. Key Financials

    17. Go to Market Strategy

        17.1. Identification of Potential Market Spaces

        17.2. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global SiC Power Device Market Value (US$ Bn) & Forecast, by Product Type, 2017-2031

    Table 2: Global SiC Power Device Market Volume (Billion Units) & Forecast, by Product Type, 2017-2031

    Table 3: Global SiC Power Device Market Value (US$ Bn) & Forecast, by Voltage, 2017-2031

    Table 4: Global SiC Power Device Market Volume (Billion Units) & Forecast, by Voltage, 2017-2031

    Table 5: Global SiC Power Device Market Value (US$ Bn) & Forecast, by Application, 2017-2031

    Table 6: Global SiC Power Device Market Value (US$ Bn) & Forecast, by End-use Industry, 2017-2031

    Table 7: Global SiC Power Device Market Value (US$ Bn) & Forecast, by Region, 2017-2031

    Table 8: Global SiC Power Device Market Volume (Billion Units) & Forecast, by Region, 2017-2031

    Table 9: North America SiC Power Device Market Value (US$ Bn) & Forecast, by Product Type, 2017-2031

    Table 10: North America SiC Power Device Market Volume (Billion Units) & Forecast, by Product Type, 2017-2031

    Table 11: North America SiC Power Device Market Value (US$ Bn) & Forecast, by Voltage, 2017-2031

    Table 12: North America SiC Power Device Market Volume (Billion Units) & Forecast, by Voltage, 2017-2031

    Table 13: North America SiC Power Device Market Value (US$ Bn) & Forecast, by Application, 2017-2031

    Table 14: North America SiC Power Device Market Value (US$ Bn) & Forecast, by End-use Industry, 2017-2031

    Table 15: North America SiC Power Device Market Value (US$ Bn) & Forecast, by Country and Sub-region, 2017-2031

    Table 16: North America SiC Power Device Market Volume (Billion Units) & Forecast, by Country and Sub-region, 2017-2031

    Table 17: Europe SiC Power Device Market Value (US$ Bn) & Forecast, by Product Type, 2017-2031

    Table 18: Europe SiC Power Device Market Volume (Billion Units) & Forecast, by Product Type, 2017-2031

    Table 19: Europe SiC Power Device Market Value (US$ Bn) & Forecast, by Voltage, 2017-2031

    Table 20: Europe SiC Power Device Market Volume (Billion Units) & Forecast, by Voltage, 2017-2031

    Table 21: Europe SiC Power Device Market Value (US$ Bn) & Forecast, by Application, 2017-2031

    Table 22: Europe SiC Power Device Market Value (US$ Bn) & Forecast, by End-use Industry, 2017-2031

    Table 23: Europe SiC Power Device Market Value (US$ Bn) & Forecast, by Country and Sub-region, 2017-2031

    Table 24: Europe SiC Power Device Market Volume (Billion Units) & Forecast, by Country and Sub-region, 2017-2031

    Table 25: Asia Pacific SiC Power Device Market Value (US$ Bn) & Forecast, by Product Type, 2017-2031

    Table 26: Asia Pacific SiC Power Device Market Volume (Billion Units) & Forecast, by Product Type, 2017-2031

    Table 27: Asia Pacific SiC Power Device Market Value (US$ Bn) & Forecast, by Voltage, 2017-2031

    Table 28: Asia Pacific SiC Power Device Market Value (US$ Bn) & Forecast, by Application, 2017-2031

    Table 29: Asia Pacific SiC Power Device Market Value (US$ Bn) & Forecast, by End-use Industry, 2017-2031

    Table 30: Asia Pacific SiC Power Device Market Value (US$ Bn) & Forecast, by Country and Sub-region, 2017-2031

    Table 31: Asia Pacific SiC Power Device Market Volume (Billion Units) & Forecast, by Country and Sub-region, 2017-2031

    Table 32: Middle East & Africa SiC Power Device Market Value (US$ Bn) & Forecast, by Product Type, 2017-2031

    Table 33: Middle East & Africa SiC Power Device Market Volume (Billion Units) & Forecast, by Product Type, 2017-2031

    Table 34: Middle East & Africa SiC Power Device Market Value (US$ Bn) & Forecast, by Voltage, 2017-2031

    Table 35: Middle East & Africa SiC Power Device Market Volume (Billion Units) & Forecast, by Voltage, 2017-2031

    Table 36: Middle East & Africa SiC Power Device Market Value (US$ Bn) & Forecast, by Application, 2017-2031

    Table 37: Middle East & Africa SiC Power Device Market Value (US$ Bn) & Forecast, by End-use Industry, 2017-2031

    Table 38: Middle East & Africa SiC Power Device Market Value (US$ Bn) & Forecast, by Country and Sub-region, 2017-2031

    Table 39: Middle East & Africa SiC Power Device Market Volume (Billion Units) & Forecast, by Country and Sub-region, 2017-2031

    Table 40: South America SiC Power Device Market Value (US$ Bn) & Forecast, by Product Type, 2017-2031

    Table 41: South America SiC Power Device Market Volume (Billion Units) & Forecast, by Product Type, 2017-2031

    Table 42: South America SiC Power Device Market Value (US$ Bn) & Forecast, by Voltage, 2017-2031

    Table 43: South America SiC Power Device Market Volume (Billion Units) & Forecast, by Voltage, 2017-2031

    Table 44: South America SiC Power Device Market Value (US$ Bn) & Forecast, by Application, 2017-2031

    Table 45: South America SiC Power Device Market Value (US$ Bn) & Forecast, by End-use Industry, 2017-2031

    Table 46: South America SiC Power Device Market Value (US$ Bn) & Forecast, by Country and Sub-region, 2017-2031

    Table 47: South America SiC Power Device Market Volume (Billion Units) & Forecast, by Country and Sub-region, 2017-2031

    List of Figures

    Figure 01: Supply Chain Analysis - Global SiC Power Device

    Figure 02: Porter Five Forces Analysis - Global SiC Power Device

    Figure 03: Technology Road Map - Global SiC Power Device

    Figure 04: Global SiC Power Device Market, Value (US$ Bn), 2017-2031

    Figure 05: Global SiC Power Device Market Size & Forecast, Y-O-Y, Value (US$ Bn), 2017‒2031

    Figure 06: Global SiC Power Device Market Projections by Product Type, Value (US$ Bn), 2017‒2031

    Figure 07: Global SiC Power Device Market, Incremental Opportunity, by Product Type, 2023‒2031

    Figure 08: Global SiC Power Device Market Share Analysis, by Product Type, 2023 and 2031

    Figure 09: Global SiC Power Device Market Projections by Voltage, Value (US$ Bn), 2017‒2031

    Figure 10: Global SiC Power Device Market, Incremental Opportunity, by Voltage, 2023‒2031

    Figure 11: Global SiC Power Device Market Share Analysis, by Voltage, 2023 and 2031

    Figure 12: Global SiC Power Device Market Projections by Application, Value (US$ Bn), 2017‒2031

    Figure 13: Global SiC Power Device Market, Incremental Opportunity, by Application, 2023‒2031

    Figure 14: Global SiC Power Device Market Share Analysis, by Application, 2023 and 2031

    Figure 15: Global SiC Power Device Market Projections by End-use Industry, Value (US$ Bn), 2017‒2031

    Figure 16: Global SiC Power Device Market, Incremental Opportunity, by End-use Industry, 2023‒2031

    Figure 17: Global SiC Power Device Market Share Analysis, by End-use Industry, 2023 and 2031

    Figure 18: Global SiC Power Device Market Projections by Region, Value (US$ Bn), 2017‒2031

    Figure 19: Global SiC Power Device Market, Incremental Opportunity, by Region, 2023‒2031

    Figure 20: Global SiC Power Device Market Share Analysis, by Region, 2023 and 2031

    Figure 21: North America SiC Power Device Market Size & Forecast, Value (US$ Bn), 2017‒2031

    Figure 22: North America SiC Power Device Market Size & Forecast, Y-O-Y, Value (US$ Bn), 2017‒2031

    Figure 23: North America SiC Power Device Market Projections by Product Type Value (US$ Bn), 2017‒2031

    Figure 24: North America SiC Power Device Market, Incremental Opportunity, by Product Type, 2023‒2031

    Figure 25: North America SiC Power Device Market Share Analysis, by Product Type, 2023 and 2031

    Figure 26: North America SiC Power Device Market Projections by Voltage Value (US$ Bn), 2017‒2031

    Figure 27: North America SiC Power Device Market, Incremental Opportunity, by Voltage, 2023‒2031

    Figure 28: North America SiC Power Device Market Share Analysis, by Voltage, 2023 and 2031

    Figure 29: North America SiC Power Device Market Projections by Application (US$ Bn), 2017‒2031

    Figure 30: North America SiC Power Device Market, Incremental Opportunity, by Application, 2023‒2031

    Figure 31: North America SiC Power Device Market Share Analysis, by Application, 2023 and 2031

    Figure 32: North America SiC Power Device Market Projections by End-use Industry Value (US$ Bn), 2017‒2031

    Figure 33: North America SiC Power Device Market, Incremental Opportunity, by End-use Industry, 2023‒2031

    Figure 34: North America SiC Power Device Market Share Analysis, by End-use Industry, 2023 and 2031

    Figure 35: North America SiC Power Device Market Projections by Country and sub-region, Value (US$ Bn), 2017‒2031

    Figure 36: North America SiC Power Device Market, Incremental Opportunity, by Country and sub-region, 2023‒2031

    Figure 37: North America SiC Power Device Market Share Analysis, by Country and sub-region 2023 and 2031

    Figure 38: Europe SiC Power Device Market Size & Forecast, Value (US$ Bn), 2017‒2031

    Figure 39: Europe SiC Power Device Market Size & Forecast, Y-O-Y, Value (US$ Bn), 2017‒2031

    Figure 40: Europe SiC Power Device Market Projections by Product Type Value (US$ Bn), 2017‒2031

    Figure 41: Europe SiC Power Device Market, Incremental Opportunity, by Product Type, 2023‒2031

    Figure 42: Europe SiC Power Device Market Share Analysis, by Product Type, 2023 and 2031

    Figure 43: Europe SiC Power Device Market Projections by Voltage, Value (US$ Bn), 2017‒2031

    Figure 44: Europe SiC Power Device Market, Incremental Opportunity, by Voltage, 2023‒2031

    Figure 45: Europe SiC Power Device Market Share Analysis, by Voltage, 2023 and 2031

    Figure 46: Europe SiC Power Device Market Projections by Application, Value (US$ Bn), 2017‒2031

    Figure 47: Europe SiC Power Device Market, Incremental Opportunity, by Application, 2023‒2031

    Figure 48: Europe SiC Power Device Market Share Analysis, by Application, 2023 and 2031

    Figure 49: Europe SiC Power Device Market Projections by End-use Industry, Value (US$ Bn), 2017‒2031

    Figure 50: Europe SiC Power Device Market, Incremental Opportunity, by End-use Industry, 2023‒2031

    Figure 51: Europe SiC Power Device Market Share Analysis, by End-use Industry, 2023 and 2031

    Figure 52: Europe SiC Power Device Market Projections by Country and sub-region, Value (US$ Bn), 2017‒2031

    Figure 53: Europe SiC Power Device Market, Incremental Opportunity, by Country and sub-region, 2023‒2031

    Figure 54: Europe SiC Power Device Market Share Analysis, by Country and sub-region 2023 and 2031

    Figure 55: Asia Pacific SiC Power Device Market Size & Forecast, Value (US$ Bn), 2017‒2031

    Figure 56: Asia Pacific SiC Power Device Market Size & Forecast, Y-O-Y, Value (US$ Bn), 2017‒2031

    Figure 57: Asia Pacific SiC Power Device Market Projections by Product Type Value (US$ Bn), 2017‒2031

    Figure 58: Asia Pacific SiC Power Device Market, Incremental Opportunity, by Product Type, 2023‒2031

    Figure 59: Asia Pacific SiC Power Device Market Share Analysis, by Product Type, 2023 and 2031

    Figure 60: Asia Pacific SiC Power Device Market Projections by Voltage Value (US$ Bn), 2017‒2031

    Figure 61: Asia Pacific SiC Power Device Market, Incremental Opportunity, by Voltage, 2023‒2031

    Figure 62: Asia Pacific SiC Power Device Market Share Analysis, by Voltage, 2023 and 2031

    Figure 63: Asia Pacific SiC Power Device Market Projections by Application, Value (US$ Bn), 2017‒2031

    Figure 64: Asia Pacific SiC Power Device Market, Incremental Opportunity, by Application, 2023‒2031

    Figure 65: Asia Pacific SiC Power Device Market Share Analysis, by Application, 2023 and 2031

    Figure 66: Asia Pacific SiC Power Device Market Projections by End-use Industry, Value (US$ Bn), 2017‒2031

    Figure 67: Asia Pacific SiC Power Device Market, Incremental Opportunity, by End-use Industry, 2023‒2031

    Figure 68: Asia Pacific SiC Power Device Market Share Analysis, by End-use Industry, 2023 and 2031

    Figure 69: Asia Pacific SiC Power Device Market Projections by Country and sub-region, Value (US$ Bn), 2017‒2031

    Figure 70: Asia Pacific SiC Power Device Market, Incremental Opportunity, by Country and sub-region, 2023‒2031

    Figure 71: Asia Pacific SiC Power Device Market Share Analysis, by Country and sub-region 2023 and 2031

    Figure 72: MEA SiC Power Device Market Size & Forecast, Value (US$ Bn), 2017‒2031

    Figure 73: MEA SiC Power Device Market Size & Forecast, Y-O-Y, Value (US$ Bn), 2017‒2031

    Figure 74: MEA SiC Power Device Market Projections by Product Type Value (US$ Bn), 2017‒2031

    Figure 75: MEA SiC Power Device Market, Incremental Opportunity, by Product Type, 2023‒2031

    Figure 76: MEA SiC Power Device Market Share Analysis, by Product Type, 2023 and 2031

    Figure 77: MEA SiC Power Device Market Projections by Voltage Value (US$ Bn), 2017‒2031

    Figure 78: MEA SiC Power Device Market, Incremental Opportunity, by Voltage, 2023‒2031

    Figure 79: MEA SiC Power Device Market Share Analysis, by Voltage, 2023 and 2031

    Figure 80: MEA SiC Power Device Market Projections by Application, Value (US$ Bn), 2017‒2031

    Figure 81: MEA SiC Power Device Market, Incremental Opportunity, by Application, 2023‒2031

    Figure 82: MEA SiC Power Device Market Share Analysis, by Application, 2023 and 2031

    Figure 83: MEA SiC Power Device Market Projections by End-use Industry Value (US$ Bn), 2017‒2031

    Figure 84: MEA SiC Power Device Market, Incremental Opportunity, by End-use Industry, 2023‒2031

    Figure 85: MEA SiC Power Device Market Share Analysis, by End-use Industry, 2023 and 2031

    Figure 86: MEA SiC Power Device Market Projections by Country and sub-region, Value (US$ Bn), 2017‒2031

    Figure 87: MEA SiC Power Device Market, Incremental Opportunity, by Country and sub-region, 2023‒2031

    Figure 88: MEA SiC Power Device Market Share Analysis, by Country and sub-region 2023 and 2031

    Figure 89: South America SiC Power Device Market Size & Forecast, Value (US$ Bn), 2017‒2031

    Figure 90: South America SiC Power Device Market Size & Forecast, Y-O-Y, Value (US$ Bn), 2017‒2031

    Figure 91: South America SiC Power Device Market Projections by Product Type Value (US$ Bn), 2017‒2031

    Figure 92: South America SiC Power Device Market, Incremental Opportunity, by Product Type, 2023‒2031

    Figure 93: South America SiC Power Device Market Share Analysis, by Product Type, 2023 and 2031

    Figure 94: South America SiC Power Device Market Projections by Voltage Value (US$ Bn), 2017‒2031

    Figure 95: South America SiC Power Device Market, Incremental Opportunity, by Voltage, 2023‒2031

    Figure 96: South America SiC Power Device Market Share Analysis, by Voltage, 2023 and 2031

    Figure 97: South America SiC Power Device Market Projections by Application, Value (US$ Bn), 2017‒2031

    Figure 98: South America SiC Power Device Market, Incremental Opportunity, by Application, 2023‒2031

    Figure 99: South America SiC Power Device Market Share Analysis, by Application, 2023 and 2031

    Figure 100: South America SiC Power Device Market Projections by End-use Industry Value (US$ Bn), 2017‒2031

    Figure 101: South America SiC Power Device Market, Incremental Opportunity, by End-use Industry, 2023‒2031

    Figure 102: South America SiC Power Device Market Share Analysis, by End-use Industry, 2023 and 2031

    Figure 103: South America SiC Power Device Market Projections by Country and sub-region, Value (US$ Bn), 2017‒2031

    Figure 104: South America SiC Power Device Market, Incremental Opportunity, by Country and sub-region, 2023‒2031

    Figure 105: South America SiC Power Device Market Share Analysis, by Country and sub-region 2023 and 2031

    Figure 106: Global SiC Power Device Market Competition

    Figure 107: Global SiC Power Device Market Company Share Analysis

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