Report overview
The global Silicon Carbide Power Modules market was valued at 2040 million in 2024 and is projected to reach US$ 9833 million by 2031, at a CAGR of 25.8% during the forecast period.
Silicon carbide power modules are semiconductor devices that use silicon carbide as the main material for power switching applications in high-voltage and high-power electronics.
Automotive is the largest market of silicon carbide (SiC) power devices, driven by demand from China, UAS, EU, and Japan. China is one of the world�s largest automotive markets, and its growth potential remains high. In particular, high rates of growth for electric-powered vehicles make China one of the largest markets for electromobility.
Global new energy vehicles continue to grow rapidly. In 2023, the total sales of new energy vehicles in the world reached 14.65 million, a simultaneous increase of 35.4%. Among them, China's new energy vehicle sales reached 9.495 million, accounting for 64.8% of global sales. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. In 2023, the sales of new energy vehicles in the United States and Europe were 2.94 million and 1.46 million respectively, with year-on-year growth rates of 18.3% and 48.0% respectively.
We have surveyed the Silicon Carbide Power Modules 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
This report aims to provide a comprehensive presentation of the global market for Silicon Carbide Power Modules, 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 Power Modules. This report contains market size and forecasts of Silicon Carbide Power Modules in global, including the following market information:
Global Silicon Carbide Power Modules market revenue, 2020-2025, 2026-2031, ($ millions)
Global Silicon Carbide Power Modules market sales, 2020-2025, 2026-2031, (K Pcs)
Global top five Silicon Carbide Power Modules companies in 2024 (%)
Total Market by Segment:
Global Silicon Carbide Power Modules market, by Type, 2020-2025, 2026-2031 ($ millions) & (K Pcs)
Global Silicon Carbide Power Modules market segment percentages, by Type, 2024 (%)
1200V?????
700V/750V?900V?????
1700V/3300V?????
Global Silicon Carbide Power Modules market, by Application, 2020-2025, 2026-2031 ($ Millions) & (K Pcs)
Global Silicon Carbide Power Modules market segment percentages, by Application, 2024 (%)
Main Inverter (Electric Traction)
Industrial Drives
UPS
Trains & Traction
PV & Energy
Others
Global Silicon Carbide Power Modules market, by region and country, 2020-2025, 2026-2031 ($ millions) & (K Pcs)
Global Silicon Carbide Power Modules market segment percentages, by region and country, 2024 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Silicon Carbide Power Modules revenues in global market, 2020-2025 (estimated), ($ millions)
Key companies Silicon Carbide Power Modules revenues share in global market, 2024 (%)
Key companies Silicon Carbide Power Modules sales in global market, 2020-2025 (estimated), (K Pcs)
Key companies Silicon Carbide Power Modules sales share in global market, 2024 (%)
Further, the report presents profiles of competitors in the market, key players include:
STMicroelectronics
Infineon
Wolfspeed
Rohm
onsemi
BYD Semiconductor
Microchip (Microsemi)
Mitsubishi Electric (Vincotech)
Semikron Danfoss
Fuji Electric
Toshiba
CETC 55
BASiC Semiconductor
SemiQ
SanRex
Bosch
GE Aerospace
Zhuzhou CRRC Times Electric
StarPower
Guangdong AccoPower Semiconductor
Cissoid
United Nova Technology
Hebei Sinopack Electronic Technology
InventChip Technology
ANHI Semiconductor
HAIMOSIC (SHANGHAI)
Shenzhen AST Science Technology
Hangzhou Silan Microelectronics
Wuxi Leapers Semiconductor
WeEn Semiconductors
Denso
Outline of Major Chapters:
Chapter 1: Introduces the definition of Silicon Carbide Power Modules, market overview.
Chapter 2: Global Silicon Carbide Power Modules market size in revenue and volume.
Chapter 3: Detailed analysis of Silicon Carbide Power Modules manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Silicon Carbide Power Modules in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Silicon Carbide Power Modules capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
