China is a global leader in the SiC semiconductor devices market, driven by its aggressive push for clean energy technologies, EV adoption, and expanding industrial sector. The primary drivers include the government’s support for electric vehicles through subsidies and incentives, as well as its focus on renewable energy projects like solar, wind, and smart grids, all of which benefit from SiC-based solutions. Additionally, China’s major semiconductor manufacturers, such as SICC (Silicon Carbide Semiconductor), are increasingly investing in SiC technology to cater to both domestic and international demand.
Restraints include the ongoing trade tensions with the US and the global shortage of SiC wafers, which may disrupt China’s access to raw materials. While China has made strides in developing its semiconductor industry, the reliance on foreign technology for advanced SiC device fabrication remains a challenge.
Opportunities for China are significant, as the country’s rapid EV adoption creates a large market for SiC-based power electronics. Furthermore, China’s ambitious plans for renewable energy and electric transportation infrastructure provide an ideal environment for the widespread adoption of SiC solutions. In particular, SiC’s efficiency in handling high-voltage applications makes it ideal for integration into electric vehicle inverters, fast-charging stations, and power grids.
Trends in China include an increasing focus on self-sufficiency in semiconductor production, with significant investments in developing domestic SiC wafer production capabilities. Additionally, the growing trend of electrification and smart city development presents more opportunities for SiC-based applications, particularly in transportation and energy sectors. The expansion of the 5G network also presents additional potential applications for SiC in telecommunications infrastructure.
TABLE - China Silicon Carbide (SiC) Semiconductor Devices Market Size & Forecast By Component 2021-2033
Component | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Schottky Diodes | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
FET/MOSFET Transistors | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Integrated Circuits | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Rectifiers/Diodes | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Power Modules | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Others | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis
TABLE - China Silicon Carbide (SiC) Semiconductor Devices Market Size & Forecast By Product 2021-2033
Product | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Optoelectronic Devices | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Power Semiconductors | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Frequency Devices | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis
TABLE - China Silicon Carbide (SiC) Semiconductor Devices Market Size & Forecast By Wafer Size 2021-2033
Wafer Size | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 inch to 4 inches | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
6 inches | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
8 inches | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
10 inches & above | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis
TABLE - China Silicon Carbide (SiC) Semiconductor Devices Market Size & Forecast By End-User 2021-2033
End-User | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Automotive | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Electric Vehicles | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
IC Automobiles | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Consumer Electronics | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Aerospace & Defense | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Medical Devices | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Data & Communication Devices | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Energy & Power | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
EV Infrastructure | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Power Distribution & Utilities | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Others | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis