Global SiC Power Modules Market Growth 2023-2029

Global SiC Power Modules Market Growth 2023-2029

A SiC power module is a power module that uses a Silicon Carbide semiconductor as switches. A Silicon Carbide power module is used to transform electrical power, which is the product of current and voltage with high conversion efficiency.
LPI (LP Information)' newest research report, the “SiC Power Modules Industry Forecast” looks at past sales and reviews total world SiC Power Modules sales in 2022, providing a comprehensive analysis by region and market sector of projected SiC Power Modules sales for 2023 through 2029. With 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 SiC Power Modules industry.
This Insight Report provides a comprehensive analysis of the global 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 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 SiC Power Modules market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 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 SiC Power Modules.
The global SiC Power Modules market size is projected to grow from US$ 389.6 million in 2022 to US$ 2469.7 million in 2029; it is expected to grow at a CAGR of 2469.7 from 2023 to 2029.
Global key players of SiC power modules include Infineon, Rohm Semiconductor, etc. Global top 3 companies hold a share about 60%. Europe is the largest market, with a share about 35%, followed by North America and Japan with the share about 25% and 15%. In terms of product, hybrid SiC module is the largest segment, with a share over 50%. And in terms of application, the largest application is automotive, with a share about 40%.
This report presents a comprehensive overview, market shares, and growth opportunities of SiC Power Modules market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Hybrid SiC Modules
Full SiC Modules
Segmentation by application
Photovolatics
Automotive
Industrial
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 analyzing the company's coverage, product portfolio, its market penetration.
Infineon
Rohm Semiconductor
Mitsubishi Electric
STMicroelectronics
Fuji Electric
Microchip
Wolfspeed
ON Semiconductor
Semikron
Danfoss
Toshiba

Key Questions Addressed in this Report
What is the 10-year outlook for the global SiC Power Modules market?
What factors are driving SiC Power Modules market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do SiC Power Modules market opportunities vary by end market size?
How does SiC Power Modules break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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