Silicon Carbide Power MOSFETs Market

Market Overview

The Global Silicon Carbide Power MOSFETs Market Size is projected to register a CAGR of approximately 19.7% during the forecast period.

MOSFETs made of silicon carbide (SiC) have been shown to have higher blocking voltage, lower on-state resistance, and higher thermal conductivity compared to their silicon counterparts. SiC MOSFETs are designed and produced in a manner that is substantially identical to that of silicon MOSFETs. The improved performance can be directly attributed to the material benefits that are inherent in the physics of silicon carbide. The N-channel enhancement mode Sic MOSFET offers strong compatibility as a substitute for silicon MOSFETs and IGBTs due to its straightforward construction, the ease with which it can be designed in, and the minimal drive losses it incurs.

Market Dynamics

Market Drivers

• Due to their low on-state resistance, SiC power MOSFETs are more efficient than traditional silicon-based power devices, which reduces power losses and boosts system effectiveness.
• Demand for SiC power MOSFETs, which effectively convert DC power to AC power, has surged as a result of the growing interest in renewable energy sources like solar and wind energy.
• SiC power MOSFETs' excellent efficiency and compact form factor make them perfect for usage in electric vehicles. SiC power MOSFET demand is rising in tandem with the demand for electric vehicles. On the other hand, the rise in the number of contemporary applications calling for SiC power devices presents profitable market potential. Traction inverters in electric vehicles are subjected to significant temperature and load cycling in the automotive industry. SiC is perfect for use in the electric car industry because of its improved reliability and efficiency, capacity to function at greater temperatures, decreased size, and higher voltage capabilities.

Market Restraints

• Over the past few years, various nations have altered their import taxes and levies on consumer electronics and electrical instruments. this has an impact on sales.
• Because they are currently more expensive than conventional silicon-based power devices, SiC power MOSFETs may not find widespread use in all applications.

Market Opportunities

• The market for SiC power MOSFETs is expanding as a result of the rising need for power electronics in sectors including alternative electricity, electric vehicles, and industrial automation.
• It is anticipated that developments in manufacturing technologies, like as 3D printing and automation, would lower the cost of producing SiC power MOSFETs.

Market Scope

Segmental Analysis

Segment By Type

• Sic MOSFET Chip and Device

The individual SiC MOSFET chips and components found in a variety of applications, including power supply, solar generators, and motor controllers, are included in this segment. Compared to conventional silicon-based power devices, SiC MOSFET chips and devices provide a number of advantages, including greater efficiency, significant temperature tolerance, and smaller form aspects.

• Sic MOSFET Module

Integrated into a module with other parts including gate drivers, protection circuits, and cooling systems are SiC MOSFETs, which are part of this sector. High-power applications including hybrid vehicles, wind generators, and grid-tied inverters frequently use SiC MOSFET modules.

Segment By Application

• Telecommunications
• Automotive
• Consumer Electronics
• Energy and Utility
• Medical

Regional Analysis

The Global Silicon Carbide Power MOSFETs Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America

Due to the rising popularity of electric cars and the increasing demand for renewable energy sources, the North American industry is anticipated to expand significantly. A significant market in this area is the United States.

Europe

Due to the growing adoption of renewable energy solutions, the European market is anticipated to experience significant growth.

Asia Pacific

Due to the rising need for high-efficiency, high-power-density solutions in industries including industrial automation, consumer electronics, and e - mobility, the Asia Pacific area is predicted to have the fastest growth rate.

South America

Because of the expanding market for electric vehicles and the rising demand for renewable energy sources, the SiC power MOSFET market in South America is anticipated to expand rapidly. Brazil is a significant market in this area because of the government's support for renewable energy initiatives and the rising amount of money being invested in electric car projects.

Middle East and Africa

Due to their initiatives to boost the proportion of renewable energy in their energy mix, nations like South Africa and the United Arab Emirates are anticipated to be significant markets in this region.

Key Players

1. STMicroelectronics
2. Infineon Technologies AG
3. ROHM Semiconductor
4. GeneSiC Semiconductor Inc.
5. CREE Inc.(Wolfspeed)
6. ON Semiconductor
7. Microchip Technology
8. IXYS Corporation
9. Littelfuse
10. Toshiba
11. Mitsubishi Electric
12. Imperix

Recent Developments

Infineon Technologies AG declared in March 2023 that the addition of a new 1200V CoolSiC MOSFET module has increased the company's selection of SiC MOSFETs. The module is intended for use in high-power devices including grid-tied inverters, wind turbines, and electric cars.