Global Silicon Carbide (SiC) MOSFETs Market 2025-2035

Description

List of Tables

Silicon Carbide (SiC) MOSFETs Market Size, Share & Trends Analysis Report by Voltage (≤ 650V, 650V - 1200V, 1200V - 1700V, and >= 1700V), by Application (Electric Vehicles (EVs) & Charging Infrastructure, Renewable Energy (Solar & Wind Power Inverters), Power Supplies & Industrial Applications, Rail & Transportation, Aerospace & Defense, and Others), and by Distribution Channel (Direct Sales, and Distributors & Online Sales) Forecast Period (2025-2035)

Industry Overview

The silicon carbide (SiC) MOSFETs market size is $2.3 billion in 2024 and is anticipated to reach $47.2 billion in 2035, growing at a CAGR of 31.8% during the forecast period (2025-2035). SiC MOSFETs are increasingly gaining popularity owing to electric vehicle efficiency, renewable energy efficiency, industrial drives, aerospace applications, defense systems, and government policy-driven cost reduction for energy efficiency. Additionally, SiC MOSFETs increase the efficiency of solar and wind power, lowering the losses in energy, and high-voltage operation enables utility-scale renewable deployments, which fuels the market growth. For instance, in January 2025, Wolfspeed launched its Gen 4 MOSFET technology platform to facilitate breakthrough performance under actual operating conditions in high-power applications. The scalable platform is supportive of long-term, high-performance, application-optimized product roadmaps for products, enabling hybrid efficiency gains in addition to reduced system cost and development time. The platform is available in 750V, 1200V, and 2300V classes.

Market Dynamics

Technological Advancements

EVs' technological progress is improving power electronics efficiency, minimizing system size, and increasing driving ranges, thus appealing to consumers and fueling market expansion. For instance, in September 2024, STMicroelectronics released a new generation of silicon carbide power technology for future-generation EV traction inverters. The company intends to unveil several SiC technology innovations by 2027, such as the fourth-generation STPOWER silicon carbide MOSFET technology. The technology sets new standards for power efficiency, power density, and ruggedness, particularly optimized for traction inverters. The company plans to deliver further advanced SiC technology innovations up to 2027, supporting future EV traction inverter platforms with increased energy-saving capabilities and increased size.

Utilization of Industrial Applications

The growing use of SiC technology in numerous industries is mainly attributed to its ability to enhance energy efficiency and lower operating expenses. For instance, in May 2024, STMicroelectronics constructed the globe's first integrated silicon carbide factory in Italy. The new 200mm manufacturing plant was constructed in Catania, Italy, for power devices, modules, test, and packaging. The plant included in ST's strategy for completely vertically integrated silicon carbide capabilities, from R&D to manufacturing, from substrate to module, in a single location. The plant will begin production in 2026 and ramp to full capacity by 2033. The investment is anticipated to be approximately 5 billion euros, with backing from Italy's state.

Market Segmentation

Based on the voltage, the market is segmented into ≤ 650V, 650V - 1200V, 1200V - 1700V, and >= 1700V.
Based on the application, the market is segmented into electric vehicles (EVS) & charging infrastructure, renewable energy (solar & wind power inverters), power supplies & industrial applications, rail & transportation, aerospace & defense, and others (medical equipment, data centers, and more).
Based on the distribution channel, the market is segmented into direct sales, distributors & online sales.

Electric Vehicles & Charging Infrastructure Segment to Lead the Market with the Largest Share

The growing use of EVs has increased the demand for SiC MOSFETs that improve efficiency and performance in EV powertrains and charging systems. According to the International Energy Agency (IEA) report, there has been a 35% rise in EV sales in China between January to March 2024, achieving almost 1.9 million units. European sales have topped 5%, with Belgium realizing a 35% rise. In the US, sales totaled approximately 350,000, with sales of PHEVs increasing by 50%. Smaller markets for EVs additionally saw greater sales growth. In 2024, EVs will be approximately 17 million units, up over 20% above 2023 sales and with a share of overall car sales of over one-fifth.

1200V - 1700V: A Key Segment in Market Growth

Silicon Carbide MOSFETs, intended for high-power applications, are more efficient, have reduced switching losses, better thermal conductivity, and a smaller size than conventional silicon-based devices. SiC MOSFETs with 1200V to 1700V voltage levels are used in power electronics for high voltage resistance and efficiency. It is applied in electric vehicles, renewable energy systems, industrial power supplies and equipment, aerospace and defense, power grids, smart grids, data centers, and telecommunications. It enhances energy efficiency, minimizes thermal losses, and facilitates fast-charging stations. It additionally improves power conversion and load balancing in smart grids. SiC MOSFETs are gaining market share as a result of the increased energy efficiency, reduced power losses, and enhanced system performance. For instance, in January 2022, Toshiba introduced two silicon carbide MOSFET modules, MG600Q2YMS3 and MG400V2YMS3, rated at 1200V and 1700V, respectively. The modules are the first to offer these voltage ratings and are designed to be used with silicon IGBT modules. It is designed for smaller, more efficient industrial equipment, such as railway vehicle converters and renewable energy power generation systems.

Regional Outlook

The global silicon carbide (SiC) MOSFETs market is further divided by geography, including North America (the US and Canada), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), and the Rest of the World (the Middle East & Africa, and Latin America).

Government Investments in SiC Technology in North America

The US government is investing in SiC technology to increase domestic semiconductor production and encourage EV adoption, thus propelling market growth. For instance, in October 2024, according to the Biden-Harris administration, plans to invest up to $750 million in Wolfspeed to fund its new silicon carbide factory in North Carolina. The plant, as part of a $6 billion expansion, created 2,000 new jobs and makes chips used by electric vehicles and innovative technologies more efficient. The US currently makes 70% of the globe's silicon carbide, the investments are aimed at maintaining competitiveness in the face of China's increasing competition.

Asia-Pacific Region Dominates the Market with Major Share

Asia-Pacific holds a significant share, owing to government support and funding, are realizes the strategic significance of semiconductor production in fueling market expansion. For instance, according to the Indian government, in September 2024, India's first silicon carbide production unit in Odisha, with an investment of approximately $74.4 million, will boost Bhubaneswar's industrial scenario. The unit promotes innovative technologies, creates a skilled pool of employees, and caters to industries such as railways, defense, power, transport, aerospace, and renewable energy.

Market Players Outlook

The major companies operating in the global silicon carbide (SiC) MOSFETs market include Infineon Technologies AG, Microchip Technology Inc., Nexperia, ROHM Co., Ltd., and STMicroelectronics International N.V., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.

Recent Developments

In March 2025, Vishay Intertechnology presented its passive and semiconductor products at APEC 2025, covering power electronics trends including energy harvesting, EV powertrains, battery technologies, and data center power conversion. The company presented its 1200 V MaxSiC series silicon carbide MOSFETs that provide on-resistances of 45 mΩ, 80 mΩ, and 250 mΩ in standard packages for industrial applications. It additionally provides a portfolio roadmap for 650 V to 1700 V SiC MOSFETs with on-resistances ranging from 10 mΩ to 560 Ω. The company additionally showcased automotive-focused applications such as an intelligent battery shunt, a 48 V eFuse, and a 1 kW, 48 V / 12 V buck-boost converter.
In July 2024, Onsemi introduced its EliteSiC M3e MOSFETs, a silicon carbide technology platform that helps drive electrification by reducing carbon emissions and the use of renewable energy sources. The MOSFETs offer significant reductions in conduction and switching losses and offer the industry's lowest specific on-resistance.
In September 2024, NoMIS Power launched its first portfolio of next-generation 1200 V SiC MOSFETs at ICSCRM 2024. The new MOSFETs deliver rugged, reliable, and tailored performance to address mission-critical power electronics applications such as EV onboard chargers, motor drives, solar PV inverters, energy storage systems, and solid-state power controllers. It comes with advanced SiC MOSFET technology, multiple packaging solutions, and customization options.
In September 2024, ST presented new STPower silicon carbide MOSFETs to support efficiency, power density, and ruggedness in EV powertrains and charging circuits. MOSFETs are intended for efficiency, power density, and ruggedness enhancements in high-voltage and power density industrial applications and e-mobility applications. It is specifically targeted at EV traction inverters that convert DC power from the battery pack to three-phase AC to power the motor. The new generation of MOSFETs comes with 750-V and 1,200-V ratings and supports both 400-V and 800-V battery bus voltages. It additionally serves high-power industrial applications such as solar inverters, energy storage solutions, and data centers. The Gen 4 SiC MOSFETs require 12% to 15% less silicon area to achieve similar on-resistance to a Gen 3 device.

The Report Covers:

Market value data analysis for 2024 and forecast to 2035.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global silicon carbide (SiC) MOSFETs market. Based on the availability of data, information related to new products and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2028883

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Global Silicon Carbide (SiC) MOSFETs Market Sales Analysis - Voltage| Application| Distribution Channel | End-User ($ Million)
Silicon Carbide (SiC) MOSFETs Market Sales Performance of Top Countries
1.1. Research Methodology
Primary Research Approach
Secondary Research Approach
1.2. Market Snapshot

2. Market Overview and Insights

2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Silicon Carbide (SiC) MOSFETs Industry Trends
- 2.2.2. Market Recommendations
2.3. Porter's Five Forces Analysis for the Silicon Carbide (SiC) MOSFETs Market
- 2.3.1. Competitive Rivalry
- 2.3.2. Threat of New Entrants
- 2.3.3. Bargaining Power of Suppliers
- 2.3.4. Bargaining Power of Buyers
- 2.3.5. Threat of Substitutes

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For Global Silicon Carbide (SiC) MOSFETs Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Silicon Carbide (SiC) MOSFETs Market: Impact Analysis
3.3. Market Opportunities

4. Competitive Landscape

4.1. Competitive Dashboard - Silicon Carbide (SiC) MOSFETs Market Revenue and Share by Manufacturers
Silicon Carbide (SiC) MOSFETs Product Comparison Analysis
Top Market Player Ranking Matrix
4.2. Key Company Analysis
- 4.2.1. Infineon Technologies AG
  - 4.2.1.1. Overview
  - 4.2.1.2. Product Portfolio
  - 4.2.1.3. Financial Analysis (Subject to Data Availability)
  - 4.2.1.4. SWOT Analysis
  - 4.2.1.5. Business Strategy
- 4.2.2. Microchip Technology Inc.
  - 4.2.2.1. Overview
  - 4.2.2.2. Product Portfolio
  - 4.2.2.3. Financial Analysis (Subject to Data Availability)
  - 4.2.2.4. SWOT Analysis
  - 4.2.2.5. Business Strategy
- 4.2.3. Nexperia
  - 4.2.3.1. Overview
  - 4.2.3.2. Product Portfolio
  - 4.2.3.3. Financial Analysis (Subject to Data Availability)
  - 4.2.3.4. SWOT Analysis
  - 4.2.3.5. Business Strategy
- 4.2.4. ROHM Co., Ltd.
  - 4.2.4.1. Overview
  - 4.2.4.2. Product Portfolio
  - 4.2.4.3. Financial Analysis (Subject to Data Availability)
  - 4.2.4.4. SWOT Analysis
  - 4.2.4.5. Business Strategy
- 4.2.5. STMicroelectronics International N.V.
  - 4.2.5.1. Overview
  - 4.2.5.2. Product Portfolio
  - 4.2.5.3. Financial Analysis (Subject to Data Availability)
  - 4.2.5.4. SWOT Analysis
  - 4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration

5. Global Silicon Carbide (SiC) MOSFETs Market Sales Analysis by Voltage ($ Million)

5.1. <= 650V
5.2. 650V - 1200V
5.3. 1200V - 1700V
5.4. >= 1700V

6. Global Silicon Carbide (SiC) MOSFETs Market Sales Analysis by Application ($ Million)

6.1. Electric Vehicles (EVs) & Charging Infrastructure
6.2. Renewable Energy (Solar & Wind Power Inverters)
6.3. Power Supplies & Industrial Applications
6.4. Rail & Transportation
6.5. Aerospace & Defense
6.6. Others (Medical Equipment, Data Centers, and more)

7. Global Silicon Carbide (SiC) MOSFETs Market Sales Analysis by Distribution Channel ($ Million)

7.1. Direct Sales
7.2. Distributors & Online Sales

8. Regional Analysis

8.1. North American Silicon Carbide (SiC) MOSFETs Market Sales Analysis - Voltage| Application| Distribution Channel | Country ($ Million)
Macroeconomic Factors for North America
- 8.1.1. United States
- 8.1.2. Canada
8.2. European Silicon Carbide (SiC) MOSFETs Market Sales Analysis - Voltage| Application| Distribution Channel | Country ($ Million)
Macroeconomic Factors for Europe
- 8.2.1. UK
- 8.2.2. Germany
- 8.2.3. Italy
- 8.2.4. Spain
- 8.2.5. France
- 8.2.6. Russia
- 8.2.7. Rest of Europe
8.3. Asia-Pacific Silicon Carbide (SiC) MOSFETs Market Sales Analysis - Voltage |Application | Distribution Channel | Country ($ Million)
Macroeconomic Factors for Asia-Pacific
- 8.3.1. China
- 8.3.2. Japan
- 8.3.3. South Korea
- 8.3.4. India
- 8.3.5. Australia & New Zealand
- 8.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Others)
- 8.3.7. Rest of Asia-Pacific
8.4. Rest of the World Silicon Carbide (SiC) MOSFETs Market Sales Analysis - Voltage| Application| Distribution Channel | Country ($ Million)
Macroeconomic Factors for the Rest of the World
- 8.4.1. Latin America
- 8.4.2. Middle East and Africa

9. Company Profiles

9.1. Alpha and Omega Semiconductor (AOS)
- 9.1.1. Quick Facts
- 9.1.2. Company Overview
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategies
9.2. Coherent Corp
- 9.2.1. Quick Facts
- 9.2.2. Company Overview
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategies
9.3. Danfoss
- 9.3.1. Quick Facts
- 9.3.2. Company Overview
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategies
9.4. Fuji Electric Co., Ltd.
- 9.4.1. Quick Facts
- 9.4.2. Company Overview
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategies
9.5. GeneSiC Semiconductor Inc.
- 9.5.1. Quick Facts
- 9.5.2. Company Overview
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategies
9.6. Infineon Technologies AG
- 9.6.1. Quick Facts
- 9.6.2. Company Overview
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategies
9.7. Littelfuse, Inc.
- 9.7.1. Quick Facts
- 9.7.2. Company Overview
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategies
9.8. Micro Commercial Components (MCC), Inc.
- 9.8.1. Quick Facts
- 9.8.2. Company Overview
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategies
9.9. Microchip Technology Inc.
- 9.9.1. Quick Facts
- 9.9.2. Company Overview
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategies
9.10. Mitsubishi Electric Corp.
- 9.10.1. Quick Facts
- 9.10.2. Company Overview
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategies
9.11. Nexperia
- 9.11.1. Quick Facts
- 9.11.2. Company Overview
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategies
9.12. Robert Bosch GmbH
- 9.12.1. Quick Facts
- 9.12.2. Company Overview
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategies
9.13. ROHM Co., Ltd.
- 9.13.1. Quick Facts
- 9.13.2. Company Overview
- 9.13.3. Product Portfolio
- 9.13.4. Business Strategies
9.14. Semiconductor Components Industries, LLC
- 9.14.1. Quick Facts
- 9.14.2. Company Overview
- 9.14.3. Product Portfolio
- 9.14.4. Business Strategies
9.15. Solitron Devices, Inc.
- 9.15.1. Quick Facts
- 9.15.2. Company Overview
- 9.15.3. Product Portfolio
- 9.15.4. Business Strategies
9.16. STMicroelectronics International N.V.
- 9.16.1. Quick Facts
- 9.16.2. Company Overview
- 9.16.3. Product Portfolio
- 9.16.4. Business Strategies
9.17. Toshiba Electronic Devices & Storage Corp.
- 9.17.1. Quick Facts
- 9.17.2. Company Overview
- 9.17.3. Product Portfolio
- 9.17.4. Business Strategies
9.18. WeEn Semiconductors
- 9.18.1. Quick Facts
- 9.18.2. Company Overview
- 9.18.3. Product Portfolio
- 9.18.4. Business Strategies
9.19. Wolfspeed, Inc.
- 9.19.1. Quick Facts
- 9.19.2. Company Overview
- 9.19.3. Product Portfolio
- 9.19.4. Business Strategies