Global Silicon Carbide Mosfets Market Outlook
Revenue, 2024
$5.6B
Forecast, 2034
$79.0B
CAGR, 2024 - 2034
30.3%
The Silicon Carbide Mosfets industry revenue is expected to be around $7.3 billion in 2025 and expected to showcase growth with 30.3% CAGR between 2025 and 2034. These innovative devices can function effectively at temperatures and frequencies revolutionizing a wide range of applications such as electric vehicle chargers and solar energy systems. Leveraging the characteristics of silicon carbide MOS FET s are paving the way for substantial advancements in technology unveiling the possibility of significant market expansion, in the near future.
Exploring the world of Silicon Carbide MOS transistors reveals a semiconductor device known for its exceptional efficiency and impressive thermal resilience.
Market Key Insights
- The Silicon Carbide Mosfets market is projected to grow from $5.6 billion in 2024 to $79.0 billion in 2034. This represents a CAGR of 30.3%, reflecting rising demand across Power Electronics in Electric Vehicles, Power Supplies in Data Centres and Photovoltaic Solar Power Systems.
- Infineon Technologies AG, STMicroelectronics, Cree Inc. (Wolfspeed) are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Silicon Carbide Mosfets market and are expected to observe the growth CAGR of 29.1% to 42.4% between 2024 and 2030.
- Emerging markets including India, UAE and Mexico are expected to observe highest growth with CAGR ranging between 22.7% to 31.5%.
- Transition like Transition Towards Electric Vehicles is expected to add $10.7 billion to the Silicon Carbide Mosfets market growth by 2030
- The Silicon Carbide Mosfets market is set to add $73.4 billion between 2024 and 2034, with manufacturer targeting Automotive & Industrial Application projected to gain a larger market share.
- With Increasing demand for renewable energy, and Rising adoption in electric vehicles , Silicon Carbide Mosfets market to expand 1311% between 2024 and 2034.
Opportunities in the Silicon Carbide Mosfets
Recent advancements in industrial automation technologies are anticipated to demand efficient and reliable semiconductor devices in the near future Silicon Carbide MOSFs could cater to this need with their lower heat dissipation and quick switch capabilities These features make them ideal for high frequency tasks, in automated industrial equipment
Growth Opportunities in North America and Europe
North America Outlook
In North America the market for Silicon Carbide MOSFEts faces competition from established manufacturers and technological progressions. The growth of this market in the region is fueled by the rising need for energy saving devices in industries, like automotive and electronics. Additionally government efforts to promote energy are also boosting the usage of Silicon Carbide MOSFEts.
Europe Outlook
In Europe's market for Silicon Carbide MOSFEts is booming due to the growth of the renewable energy industry there. Given the goals for carbon neutrality in place bSilicon Carbide MOSFEts are commonly employed in wind and solar power converters. There is competition among major players in the region striving to innovate and produce MOSFEts that are both more effective and affordable resultinig in ample chances, for market growth.
Market Dynamics and Supply Chain
01
Driver: Increasing Demand for Renewable Energy, and Advancements in Power Electronics
The increasing worries about the environment and the worldwide shift towards energy sources have also caused a rise in the need for Silicon Carbide . MOSMOSMOSEFs are also now in demand because they offer excellent effectiveness and stable performance, under high temperatures especially in solar power inverters and wind energy setups. In years there has also been a rise in the demand for SiCMOS transistors due to their enhanced efficiency, smaller size and superior performance in power electronics applications. Their ability to handle voltage levels achieve greater power density and operate at improved switching frequencies has also made them increasingly popular, in various power devices and circuits.
The growing electric vehicle sector is also also a factor boosting the demand for SiCMOSFEts in the market. These components provide energy efficiency which translates to extended battery life for electric vehicles making them a popular option, for EV producers worldwide.
The growing electric vehicle sector is also also a factor boosting the demand for SiCMOSFEts in the market. These components provide energy efficiency which translates to extended battery life for electric vehicles making them a popular option, for EV producers worldwide.
02
Restraint: High Manufacturing Cost
Silicon carbide MOS transistors are quite a technology but they do come with a steep price tag attached to them for sure! The materials and manufacturing costs make it tough for many businesses to afford these devices in the market as a whole expenditure is required to get hold of them fully functional and working well enough as intended by the manufacturers themselves! Moreover the manufacturing process of these Silicon carbide MOS transistors is quite complex in nature which further adds up to the cost of production making it even more challenging, for the market growth as companies struggle to keep up with the costs involved therein!
03
Opportunity: Electric Vehicle Revolution and Rise of Renewables
The rise of vehicles worldwide presents a bright outlook for Silicon Carbide MOS FETs given their widespread application in power electronics for EVs. Their capacity to enable effective and compact designs is vital for the success of electric vehicles. With an increasing number of car manufacturers committing to transitioning their fleets to power there is anticipated growth in the demand, for Silicon Carbide MOS FETs.
The increasing focus worldwide towards energy represents a significant factor driving the growth of Silicon Carbide MOSFETs as well. These electronic components are well suited for converting power in panels and wind turbines because of their capacity to operate effectively at elevated temperatures and their exceptional energy efficiency characteristics. This makes them an essential component, in enhancing the performance of renewable energy systems.
The increasing focus worldwide towards energy represents a significant factor driving the growth of Silicon Carbide MOSFETs as well. These electronic components are well suited for converting power in panels and wind turbines because of their capacity to operate effectively at elevated temperatures and their exceptional energy efficiency characteristics. This makes them an essential component, in enhancing the performance of renewable energy systems.
04
Challenge: Technological Complexity
Designing and producing silicon carbide MOSFEts is quite a task that demands a high degree of technical know how and experience to execute successfully. Many semiconductor firms face difficulties when it comes to creating SiCMOSFEts due, to the nature of the processes and methods involved.
Supply Chain Landscape
1
Raw Material Procurement
Cree Wolfspeed
Yicheng New Energy
2
Silicon Carbide Crystal Production
Norstel
Tianyu Semiconductor
3
Silicon Carbide MOSFETs Manufacturing
STMicroelectronics
Infineon
4
End Use Applications
Solar Inverters
High-voltage DC networks
Automotive drive systems
1
Raw Material Procurement
Cree Wolfspeed
Yicheng New Energy
2
Silicon Carbide Crystal Production
Norstel
Tianyu Semiconductor
3
Silicon Carbide MOSFETs Manufacturing
STMicroelectronics
Infineon
4
End Use Applications
Solar Inverters
High-voltage DC networks
Automotive drive systems
*The illustration highlights the key stakeholders within the supply chain ecosystem.
Applications of Silicon Carbide Mosfets in Power Electronics in Electric Vehicles, Power Supplies in Data Centres & Photovoltaic Solar Power Systems
Power Electronics in Electric Vehicles
Silicon carbide MOS sets are commonly used in the power components of cars for functions like storing energy and controlling motors and charging units which significantly decrease power wastage leading to improved effectiveness and longer battery lifespan. Tesla stands out as a player incorporating Silicon carbide MOS sets, in their electric vehicle designs that help achieve impressive mileage and performance standards in the industry.
Photovoltaic Solar Power Systems
The transition towards energy sources is seeing Silicon carbide MOSFEts take center stage in enhancing photovoltaic solar power systems efficiency and performance while lowering costs significantly compared to traditional silicon based components by managing high voltages and temperatures more efficiently in solar inverters. Solar industry giants, like SolarEdge and SMA Solar Technology are leveraging Silicon carbide MOSFEts to revolutionize efficiency boundaries.
Power Supplies in Data Centres
The use of electricity in data centers worldwide is steadily rising, leading to the adoption of silicon carbide MOSFEts in power supply units to better handle the increasing power requirements, with enhanced efficiency and effectiveness.
Recent Developments
December 2024
Cree Inc increased their production capacity by establishing a facility for manufacturing silicon carbide in response, to growing market demand.
October 2024
Infineon Technologies revealed that they are incorporating silicon carbide MOSRFET technology, in energy projects to enhance energy efficiency.
August 2024
STMicroelectronics has just introduced a line of silicon carbide MOS transistors that aim to boost energy efficiency during conversion processes.
Lately there have been notable advancements in the market for Silicon Carbide Metal Oxide Semiconductor Field Effect Transistors . This progress is mainly due to the evolution in the semiconductor industry and the growing need, for energy efficiency and heat resistance while aiming for smaller electronic devices.
Impact of Industry Transitions on the Silicon Carbide Mosfets Market
As a core segment of the Semiconductor industry,
the Silicon Carbide Mosfets market develops in line with broader industry shifts.
Over recent years, transitions such as Transition Towards Electric Vehicles and Demand Surge in Renewable Energy Sector have redefined priorities
across the Semiconductor sector,
influencing how the Silicon Carbide Mosfets market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Transition Towards Electric Vehicles
The Silicon carbide MOSFET market is experiencing a shift due to the expanding electric vehicleindustry'srapid development. Silicon carbide components are gaining traction in vehicles for their effectiveness in managing elevated temperatures and voltages which helps enhance battery longevity and streamline power control in the vehicles. These devices boast improved efficiency leading to reduced energy usage and substantial cost savings. An appealing prospect, for car manufacturers. This industry transition is expected to add $10.7 billion in the industry revenue between 2024 and 2030.
02
Demand Surge in Renewable Energy Sector
The increasing need for Silicon carbide MOS Field Effect Transistors in the market is being driven by the growing demand in energy industries, like solar and wind power systems.