Global Silicon Carbide (SiC) Power Modules Market Growth 2025-2031

The global Silicon Carbide (SiC) Power Modules market size is predicted to grow from US$ 2543 million in 2025 to US$ 9740 million in 2031; it is expected to grow at a CAGR of 25.1% from 2025 to 2031.

SiC (Silicon carbide) devices have excellent properties that enable high blocking voltage, low loss, high frequency and high temperature operation. Power semiconductors made of long-life SiC significantly reduce energy consumption and can be used to develop smaller and lighter products.

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.

LP Information, Inc. (LPI) ' newest research report, the “Silicon Carbide (SiC) Power Modules Industry Forecast” looks at past sales and reviews total world Silicon Carbide (SiC) Power Modules sales in 2024, providing a comprehensive analysis by region and market sector of projected Silicon Carbide (SiC) Power Modules sales for 2025 through 2031. With Silicon Carbide (SiC) Power Modules sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Silicon Carbide (SiC) Power Modules industry.

This Insight Report provides a comprehensive analysis of the global Silicon Carbide (SiC) Power Modules landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Silicon Carbide (SiC) Power Modules portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Silicon Carbide (SiC) Power Modules market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Silicon Carbide (SiC) Power Modules and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Silicon Carbide (SiC) Power Modules.

This report presents a comprehensive overview, market shares, and growth opportunities of Silicon Carbide (SiC) Power Modules market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
1200V碳化硅模块
700V/750V和900V碳化硅模块
1700V/3300V碳化硅模块

Segmentation by Application:
Main Inverter (Electric Traction)
Industrial Drives
UPS
Trains & Traction
PV & Energy
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Silicon Carbide (SiC) Power Modules market?

What factors are driving Silicon Carbide (SiC) Power Modules market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Silicon Carbide (SiC) Power Modules market opportunities vary by end market size?

How does Silicon Carbide (SiC) Power Modules break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.