SiC Based Power Electronics & Inverter Market Report: Trends, Forecast and Competitive Analysis to 2030

SiC Based Power Electronics & Inverter Trends and Forecast

The future of the global SiC based power electronics & inverter market looks promising with opportunities in the automotive, consumer electronic, it & telecommunication, and aerospace & defense markets. The global SiC based power electronics & inverter market is expected to reach an estimated $3.5 billion by 2030 with a CAGR of 31.2% from 2024 to 2030. The major drivers for this market are increasing demand for energy efficiency, growing adoption of connected technologies, and rising application of SiC based products in industrial and consumer electronic manufacturing industries.

A more than 150-page report is developed to help in your business decisions.

SiC Based Power Electronics & Inverter by Segment

The study includes a forecast for the global SiC based power electronics & inverter by type, end use, and region.

SiC Based Power Electronics & Inverter Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Power Electronics
• Inverter

SiC Based Power Electronics & Inverter Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Consumer Electronics
• IT & Telecommunication
• Aerospace & Defense
• Others

SiC Based Power Electronics & Inverter Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of SiC Based Power Electronics & Inverter Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies SiC based power electronics & inverter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the SiC based power electronics & inverter companies profiled in this report include-

• STMicroelectronics
• Cree
• ON Semiconductor
• ROHM
• Infineon Technologies
• NXP Semiconductor
• ABB
• Renesas Electronics
• Fuji Electric
• Mitsubishi Electric

SiC Based Power Electronics & Inverter Market Insights

Lucintel forecasts that power electronic will remain the larger segment over the forecast period due to their capacity to lower energy loss.

Within this market, automotive is expected to witness the highest growth due to growing number of electric vehicles from different automakers.

APAC is expected to witness highest growth over the forecast period due to rapid industralization and the strong economic expansion of nations like China, Japan, and India.

Features of the Global SiC Based Power Electronics & Inverter Market

Market Size Estimates: SiC based power electronics & inverter market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: SiC based power electronics & inverter market size by type, end use, and region in terms of value ($B).

Regional Analysis: SiC based power electronics & inverter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the SiC based power electronics & inverter market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the SiC based power electronics & inverter market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the SiC based power electronics & inverter market size?

Answer: The global SiC based power electronics & inverter market is expected to reach an estimated $3.5 billion by 2030.

Q2. What is the growth forecast for SiC based power electronics & inverter market?

Answer: The global SiC based power electronics & inverter market is expected to grow with a CAGR of 31.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the SiC based power electronics & inverter market?

Answer: The major drivers for this market are increasing demand for energy efficiency, growing adoption of connected technologies, and rising application of SiC based products in industrial and consumer electronic manufacturing industries.

Q4. What are the major segments for SiC based power electronics & inverter market?

Answer: The future of the SiC based power electronics & inverter market looks promising with opportunities in the automotive, consumer electronic, it & telecommunication, and aerospace & defense markets.

Q5. Who are the key SiC based power electronics & inverter market companies?

Answer: Some of the key SiC based power electronics & inverter companies are as follows.

• STMicroelectronics
• Cree
• ON Semiconductor
• ROHM
• Infineon Technologies
• NXP Semiconductor
• ABB
• Renesas Electronics
• Fuji Electric
• Mitsubishi Electric

Q6. Which SiC based power electronics & inverter market segment will be the largest in future?

Answer: Lucintel forecasts that power electronic will remain the larger segment over the forecast period due to their capacity to lower energy loss.

Q7. In SiC based power electronics & inverter market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid industralization and the strong economic expansion of nations like China, Japan, and India.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the SiC based power electronics & inverter market by type (power electronics and inverter), end use (automotive, consumer electronics, IT & telecommunication, aerospace & defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?