Global SiC Power Modules Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032
Description
According to our (Global Info Research) latest study, the global SiC Power Modules market size was valued at US$ 4286 million in 2025 and is forecast to a readjusted size of US$ 16210 million by 2032 with a CAGR of 21.2% during review period.
Silicon Carbide (SiC) power modules are advanced power semiconductor devices that integrate multiple SiC-based components, such as SiC MOSFETs and Schottky Barrier Diodes (SBDs), into a single package to handle high voltage and high current applications with superior efficiency, thermal performance, and switching speed. Compared to conventional silicon-based power modules, SiC modules offer several advantages, including higher breakdown voltage (>1200V), lower on-resistance (R<sub>DS(on)</sub>), faster switching transitions, and the ability to operate at elevated temperatures (up to 200°C or more). These attributes make SiC power modules ideal for demanding applications such as electric vehicle (EV) traction inverters, industrial motor drives, railway traction systems, photovoltaic inverters, wind power converters, uninterruptible power supplies (UPS), and power supplies for data centers and aerospace systems.
The global key manufacturers of SiC Power modules include onsemi, STMicroelectronics, Infineon, Wolfspeed, BYD Semiconductor, Bosch, United Nova Technology, Guangdong AccoPower Semiconductor, Rohm, etc,. In 2024, the global top seven players occupied for a share approximately 90% in terms of revenue.
The SiC power module market is poised for rapid expansion in the coming years, driven by global electrification trends, the proliferation of high-voltage EV platforms (800V+), and increasing demands for energy efficiency and power density across industrial and renewable sectors.
Among end-use sectors, the electric vehicle market is expected to be the primary growth driver, with SiC modules being increasingly adopted in traction inverters, on-board chargers (OBC), and DC-DC converters. Leading automotive OEMs and Tier 1 suppliers—such as Tesla, BYD, Hyundai, Bosch, and ZF—are actively transitioning to SiC-based power electronics to enhance driving range, reduce energy loss, and support faster charging.
On the supply side, global IDMs like Infineon (HybridPACK Drive), STMicroelectronics (AcePack), Wolfspeed, Rohm, and Mitsubishi Electric are heavily investing in vertically integrated SiC value chains, from wafer growth and device fabrication to module packaging. Meanwhile, Chinese players including StarPower, CRRC Times Electric, Basic Semiconductor, and BYD Semiconductor are accelerating the localization of SiC module production and expanding their presence in automotive and industrial segments.
This report is a detailed and comprehensive analysis for global SiC Power Modules market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global SiC Power Modules market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global SiC Power Modules market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global SiC Power Modules market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global SiC Power Modules market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for SiC Power Modules
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global SiC Power Modules market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include STMicroelectronics, onsemi, Wolfspeed, Rohm, BYD Semiconductor, Infineon, United Nova Technology, Bosch, Mitsubishi Electric, Fuji Electric, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
SiC Power Modules market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
1200V SiC Modules
750V and Other SiC Modules
Market segment by Application
Automotive & EV/HEV
EV Charging
Industrial Motor/Drive
PV, Energy Storage, Wind Power
UPS, Data Center & Server
Rail Transport
Others
Major players covered
STMicroelectronics
onsemi
Wolfspeed
Rohm
BYD Semiconductor
Infineon
United Nova Technology
Bosch
Mitsubishi Electric
Fuji Electric
Guangdong AccoPower Semiconductor
HAIMOSIC (SHANGHAI)
Semikron Danfoss
Zhuzhou CRRC Times Electric
Suzhou Xizhi Technology
Shenzhen Aishite Technology
Grecon Semiconductor (Shanghai)
BASiC Semiconductor
StarPower
Archimedes Semiconductor (Hefei)
Hangzhou Silan Microelectronics
MacMic Science & Technolog
Leadrive Technology
Suzhou Sko Semiconductor
Microchip (Microsemi)
Toshiba
SemiQ
Vishay Intertechnology
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe SiC Power Modules product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of SiC Power Modules, with price, sales quantity, revenue, and global market share of SiC Power Modules from 2021 to 2026.
Chapter 3, the SiC Power Modules competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the SiC Power Modules breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and SiC Power Modules market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of SiC Power Modules.
Chapter 14 and 15, to describe SiC Power Modules sales channel, distributors, customers, research findings and conclusion.
Silicon Carbide (SiC) power modules are advanced power semiconductor devices that integrate multiple SiC-based components, such as SiC MOSFETs and Schottky Barrier Diodes (SBDs), into a single package to handle high voltage and high current applications with superior efficiency, thermal performance, and switching speed. Compared to conventional silicon-based power modules, SiC modules offer several advantages, including higher breakdown voltage (>1200V), lower on-resistance (R<sub>DS(on)</sub>), faster switching transitions, and the ability to operate at elevated temperatures (up to 200°C or more). These attributes make SiC power modules ideal for demanding applications such as electric vehicle (EV) traction inverters, industrial motor drives, railway traction systems, photovoltaic inverters, wind power converters, uninterruptible power supplies (UPS), and power supplies for data centers and aerospace systems.
The global key manufacturers of SiC Power modules include onsemi, STMicroelectronics, Infineon, Wolfspeed, BYD Semiconductor, Bosch, United Nova Technology, Guangdong AccoPower Semiconductor, Rohm, etc,. In 2024, the global top seven players occupied for a share approximately 90% in terms of revenue.
The SiC power module market is poised for rapid expansion in the coming years, driven by global electrification trends, the proliferation of high-voltage EV platforms (800V+), and increasing demands for energy efficiency and power density across industrial and renewable sectors.
Among end-use sectors, the electric vehicle market is expected to be the primary growth driver, with SiC modules being increasingly adopted in traction inverters, on-board chargers (OBC), and DC-DC converters. Leading automotive OEMs and Tier 1 suppliers—such as Tesla, BYD, Hyundai, Bosch, and ZF—are actively transitioning to SiC-based power electronics to enhance driving range, reduce energy loss, and support faster charging.
On the supply side, global IDMs like Infineon (HybridPACK Drive), STMicroelectronics (AcePack), Wolfspeed, Rohm, and Mitsubishi Electric are heavily investing in vertically integrated SiC value chains, from wafer growth and device fabrication to module packaging. Meanwhile, Chinese players including StarPower, CRRC Times Electric, Basic Semiconductor, and BYD Semiconductor are accelerating the localization of SiC module production and expanding their presence in automotive and industrial segments.
This report is a detailed and comprehensive analysis for global SiC Power Modules market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global SiC Power Modules market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global SiC Power Modules market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global SiC Power Modules market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global SiC Power Modules market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for SiC Power Modules
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global SiC Power Modules market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include STMicroelectronics, onsemi, Wolfspeed, Rohm, BYD Semiconductor, Infineon, United Nova Technology, Bosch, Mitsubishi Electric, Fuji Electric, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
SiC Power Modules market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
1200V SiC Modules
750V and Other SiC Modules
Market segment by Application
Automotive & EV/HEV
EV Charging
Industrial Motor/Drive
PV, Energy Storage, Wind Power
UPS, Data Center & Server
Rail Transport
Others
Major players covered
STMicroelectronics
onsemi
Wolfspeed
Rohm
BYD Semiconductor
Infineon
United Nova Technology
Bosch
Mitsubishi Electric
Fuji Electric
Guangdong AccoPower Semiconductor
HAIMOSIC (SHANGHAI)
Semikron Danfoss
Zhuzhou CRRC Times Electric
Suzhou Xizhi Technology
Shenzhen Aishite Technology
Grecon Semiconductor (Shanghai)
BASiC Semiconductor
StarPower
Archimedes Semiconductor (Hefei)
Hangzhou Silan Microelectronics
MacMic Science & Technolog
Leadrive Technology
Suzhou Sko Semiconductor
Microchip (Microsemi)
Toshiba
SemiQ
Vishay Intertechnology
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe SiC Power Modules product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of SiC Power Modules, with price, sales quantity, revenue, and global market share of SiC Power Modules from 2021 to 2026.
Chapter 3, the SiC Power Modules competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the SiC Power Modules breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and SiC Power Modules market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of SiC Power Modules.
Chapter 14 and 15, to describe SiC Power Modules sales channel, distributors, customers, research findings and conclusion.
Table of Contents
183 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: SiC Power Modules by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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