Global Silicon Carbide (SiC) Power Devices Market 2020-2024

Global Silicon Carbide (SIC) Power Devices Market 2020-2024

Technavio has been monitoring the silicon carbide (SIC) power devices market and it is poised to grow by $ 1.06 bn during 2020-2024, progressing at a CAGR of 24% during the forecast period. Our reports on silicon carbide (SIC) power devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing demand for power electronics, increasing focus on adopting renewable energy sources and development of smart grids. In addition, the growing demand for power electronics is anticipated to boost the growth of the market as well.

The silicon carbide (SIC) power devices market analysis includes product segment, application segment and geographic landscapes.

Technavio's silicon carbide (SIC) power devices market is segmented as below:

By Product

  • Diodes
  • Modules
  • Transistors
By Geographic Landscapes
  • UPS and PS
  • PV inverters
  • IMDs
  • EV/HEVs
  • Others
  • By Geography
  • APAC
  • Europe
  • North America
  • South America
  • MEA
This study identifies the increasing focus on adopting renewable energy sources as one of the prime reasons driving the silicon carbide (SIC) power devices market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our silicon carbide (SIC) power devices market covers the following areas:
  • Silicon carbide (SIC) power devices market sizing
  • Silicon carbide (SIC) power devices market forecast
  • Silicon carbide (SIC) power devices market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading silicon carbide (SIC) power devices market vendors that include Cree Inc., Fuji Electric Co. Ltd., Infineon Technologies AG, Littelfuse Inc., Mitsubishi Electric Corp., ON Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., STMicroelectronics NV, and Toshiba Corp. Also, the silicon carbide (SIC) power devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • ICs that include the following:
      • Optoelectronics that include the following components:
      • Sensors
      • The discrete semiconductor segment
        • Table Parent market
        • Table Market characteristics
    • Value chain analysis
      • Table Value Chain Analysis: Global Semiconductors Market
      • Inputs
      • Inbound logistics
      • Operations
      • R&D
      • Design
      • Manufacturing
      • Assembly, testing, and packaging
      • Outbound logistics
      • Marketing and sales
      • Service
      • Innovations
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Product
    • Market segments
      • Table Product - Market share 2019-2024 (%)
    • Comparison by Product
      • Table Comparison by Product
    • Diodes - Market size and forecast 2019-2024
      • Table Diodes - Market size and forecast 2019-2024 ($ million)
      • Table Diodes - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Diodes - Year-over-year growth 2019-2024 (%)
    • Modules - Market size and forecast 2019-2024
      • Table Modules - Market size and forecast 2019-2024 ($ million)
      • Table Modules - Market size and forecast 2019-2024 ($ million) exclusive of COVID- 19 effect
      • Table Modules - Year-over-year growth 2019-2024 (%)
    • Transistors - Market size and forecast 2019-2024
      • Table Transistors - Market size and forecast 2019-2024 ($ million)
      • Table Transistors - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Transistors - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Market Segmentation by Application
    • Market segments
      • Table Application - Market share 2019-2024 (%)
    • Comparison by Application
      • Table Comparison by Application
    • UPS and PS - Market size and forecast 2019- 2024
      • Table UPS and PS - Market size and forecast 2019-2024 ($ million)
      • Table UPS & PS - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table UPS and PS - Year-over-year growth 2019-2024 (%)
    • PV inverters - Market size and forecast 2019- 2024
      • Table PV inverters - Market size and forecast 2019-2024 ($ million)
      • Table PV inverters - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table PV inverters - Year-over-year growth 2019-2024 (%)
    • IMDs - Market size and forecast 2019-2024
      • Table IMDs - Market size and forecast 2019-2024 ($ million)
      • Table IMDS - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table IMDs - Year-over-year growth 2019-2024 (%)
    • EV/HEVs - Market size and forecast 2019-2024
      • Table EV/HEVs - Market size and forecast 2019-2024 ($ million)
      • Table EV/HEVs - Market size and forecast 2019-2024 ($ million) exclusive of COVID- 19 effect
      • Table EV/HEVs - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ million)
      • Table Others - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Increasing investments for developing power grids:
      • Growth of renewable energy resources
        • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Growing investments in renewable energy
      • Growth of electric vehicles in Europe
        • Table Europe - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table North America - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing demand for power electronics
      • Increasing focus on adopting renewable energy sources
      • Development of smart grids
      • Introduction of stringent regulatory standards for CO2 emission
      • Increasing demand for electric vehicles
    • Market challenges
      • High SiC material cost
      • Increasing adoption of GaN power devices
      • High capital investment
      • Fabrication challenges of SiC power devices
        • Table Impact of drivers and challenges
    • Market trends
      • Transition toward larger SiC wafer
      • Entrance of multiple suppliers of SiC wafers
      • Implementation of automation in industries
      • Use of SiC power devices for extreme operations
      • New players entering the market and capacity expansion by existing players
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Cree Inc.
      • Table Cree Inc. - Overview
      • Table Cree Inc. - Business segments
      • Table Cree Inc. - Key news
      • Table Cree Inc. - Key offerings
      • Table Cree Inc. - Segment focus
    • Fuji Electric Co. Ltd.
      • Table Fuji Electric Co. Ltd. - Overview
      • Table Fuji Electric Co. Ltd. - Business segments
      • Table Fuji Electric Co. Ltd. - Key news
      • Table Fuji Electric Co. Ltd. - Key offerings
      • Table Fuji Electric Co. Ltd. - Segment focus
    • Infineon Technologies AG
      • Table Infineon Technologies AG - Overview
      • Table Infineon Technologies AG - Business segments
      • Table Infineon Technologies AG - Key news
      • Table Infineon Technologies AG - Key offerings
      • Table Infineon Technologies AG - Segment focus
    • Littelfuse Inc.
      • Table Littelfuse Inc. - Overview
      • Table Littelfuse Inc. - Business segments
      • Table Littelfuse Inc. - Key offerings
      • Table Littelfuse Inc. - Segment focus
    • Mitsubishi Electric Corp.
      • Table Mitsubishi Electric Corp. - Overview
      • Table Mitsubishi Electric Corp. - Business segments
      • Table Mitsubishi Electric Corp. - Key news
      • Table Mitsubishi Electric Corp. - Key offerings
      • Table Mitsubishi Electric Corp. - Segment focus
    • ON Semiconductor Corp.
      • Table ON Semiconductor Corp. - Overview
      • Table ON Semiconductor Corp. - Business segments
      • Table ON Semiconductor Corp. - Key news
      • Table ON Semiconductor Corp. - Key offerings
      • Table ON Semiconductor Corp. - Segment focus
    • Renesas Electronics Corp.
      • Table Renesas Electronics Corp. - Overview
      • Table Renesas Electronics Corp. - Business segments
      • Table Renesas Electronics Corp. - Key news
      • Table Renesas Electronics Corp. - Key offerings
      • Table Renesas Electronics Corp. - Segment focus
    • ROHM Co. Ltd.
      • Table ROHM Co. Ltd. - Overview
      • Table ROHM Co. Ltd. - Business segments
      • Table ROHM Co. Ltd. - Key news
      • Table ROHM Co. Ltd. - Key offerings
      • Table ROHM Co. Ltd. - Segment focus
    • STMicroelectronics NV
      • Table STMicroelectronics NV - Overview
      • Table STMicroelectronics NV - Business segments
      • Table STMicroelectronics NV - Key news
      • Table STMicroelectronics NV - Key offerings
      • Table STMicroelectronics NV - Segment focus
    • Toshiba Corp.
      • Table Toshiba Corp. - Overview
      • Table Toshiba Corp. - Business segments
      • Table Toshiba Corp. - Key offerings
      • Table Toshiba Corp. - Segment focus
  • Appendix
    • Scope of the report
      • Definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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