The global SiC power semiconductor market is experiencing rapid growth driven by the increasing demand for energy-efficient power electronic devices. SiC-based power semiconductors offer higher efficiency, faster switching speeds, and better thermal conductivity compared to traditional silicon-based devices, making them ideal for applications such as automotive, industrial, renewable energy, and consumer electronics. The automotive sector, in particular, is a key driver of growth, with the increasing adoption of electric vehicles and the need for more efficient power electronics. Additionally, the growing focus on renewable energy sources such as solar and wind power is driving the demand for SiC power semiconductors in power conversion systems.
The Global SiC Power Semiconductor Market size is expected to reach a value of USD 7,030,515.23 thousand by 2030, with a CAGR of 26.0% during the forecast period of 2023 to 2030.
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Below are the Top Five SiC Power Semiconductor Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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STMicroelectronics
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STMicroelectronics is a key player offering a range of SiC-based products such as diodes, MOSFETs, and power modules. These products are used in various applications, including industrial, automotive, and consumer electronics, due to their high efficiency, high-temperature capability, and low switching losses.
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Americas, Middle East and Africa, Europe, Asia-Pacific
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In December 2022, STMicroelectronics and Soitec (Euronext Paris) announced the forward stage of their cooperation on Silicon Carbide (SiC) substrates. The target of this cooperation is the adoption by STMicroelectronics of Soitec's SmartSiC technology for its future 200mm substrate manufacturing, which is feeding its devices and modules manufacturing business, with volume production expected in the midterm. This collaboration will help the company to boost its financials as well as the growth of the global SiC power semiconductor market.
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2.
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Infineon Technologies AG
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Infineon is a major player in the SiC power semiconductor market, providing SiC-based products for various applications such as automotive, industrial, and renewable energy. The company's SiC solutions offer high efficiency, high power density, and high-temperature performance, making them ideal for demanding applications.
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Americas, Middle East and Africa, Europe, Asia-Pacific
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In November 2022, Infineon Technologies AG signed a non-binding Memorandum of Understanding for multi-year supply cooperation for silicon carbide (SiC) semiconductors. Infineon would reserve manufacturing capacity and supply CoolSiC "bare die" chips in the second half of the decade to the direct Tier 1 suppliers of Stellantis. The potential sourcing volume and capacity reservation have a value of significantly more than EUR 1 billion. This development helped the company to grow its financials, and it positively impacted the growth of the global SiC power semiconductor market.
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3.
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WOLFSPEED, INC.
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Wolfspeed offers a comprehensive portfolio of SiC-based power products. The company's products are known for their high efficiency, high power density, and high-temperature performance, making them well-suited for demanding applications in automotive, industrial, and renewable energy markets.
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North America, Europe, Asia-Pacific
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In April 2022, WOLFSPEED, INC. officially opened its state-of-the-art Mohawk Valley Silicon Carbide fabrication facility in Marcy, N.Y., with Federal and State Officials. The 200mm wafer fab will help lead the industry-wide transition from silicon to Silicon Carbide-based semiconductors. This development has helped the company to enhance its financials and is also expected to improve the growth of the market.
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4.
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ROHM CO., LTD.
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ROHM is a significant player in the market, providing SiC-based products such as SiC Schottky diodes and MOSFETs. The company's SiC products offer high efficiency, high power density, and high temperature performance, making them suitable for a wide range of applications.
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Americas, Europe, Asia-Pacific
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In December 2022, Shenzhen BASiC Semiconductor and ROHM CO., LTD. entered into a strategic partnership agreement on SiC power devices for automotive applications. A signing ceremony was held at ROHM's headquarters in Kyoto to commemorate the occasion. This partnership has helped the company grow its financials, and it positively impacted the growth of the global SiC power semiconductor market.
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5.
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Semiconductor Components Industries, LLC
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Semiconductor Components Industries, LLC, provides SiC-based products such as SiC Schottky diodes and MOSFETs. The company's SiC products offer high efficiency, high power density, and high-temperature performance, making them ideal for demanding applications in automotive, industrial, and renewable energy markets.
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North America, Europe, Asia-Pacific
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In November 2022, Semiconductor Component Industries LLC announced a series of new MOSFET devices that feature innovative top-side cooling to assist designers in challenging automotive applications, especially within motor control and DC/DC conversion. This development has helped the company to grow its finances and positively affected the growth of the market.
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Conclusion
The global SiC power semiconductor market is poised for substantial growth, driven by the rising demand for energy-efficient power electronic devices across various industries. Companies like STMicroelectronics, Infineon Technologies AG, Wolfspeed, Inc., ROHM CO., LTD., and Semiconductor Components Industries, LLC (SCILLC) are key players in this market, offering a range of SiC-based products with high efficiency and performance. The market is primarily driven by the automotive sector's transition to electric vehicles and the increasing adoption of renewable energy sources, which require more efficient power electronics.
