Global SiC Power Modules Market Growth 2025-2031

The global SiC Power Modules market size is predicted to grow from US$ 1773 million in 2025 to US$ 8631 million in 2031; it is expected to grow at a CAGR of 30.2% from 2025 to 2031.

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.

The key players of SiC MOSFET modules are STMicroelectronics, Infineon, Wolfspeed, Rohm, Onsemi, BYD Semiconductor, Microchip (Microsemi), Mitsubishi Electric (Vincotech) and Semikron Danfoss, etc.

LP Information, Inc. (LPI) ' newest research report, the “SiC Power Modules Industry Forecast” looks at past sales and reviews total world SiC Power Modules sales in 2024, providing a comprehensive analysis by region and market sector of projected SiC Power Modules sales for 2025 through 2031. 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.

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.

Segmentation by Type:
Hybrid SiC Modules
Full SiC Modules

Segmentation by Application:
Automotive & EV/HEV
EV Charging
Industrial Motor/Drive
PV, Energy Storage, Wind Power
UPS, Data Center & Server
Rail Transport
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 analysing the company's coverage, product portfolio, its market penetration.
STMicroelectronics
Infineon
Wolfspeed
Rohm
onsemi
BYD Semiconductor
Microchip (Microsemi)
Mitsubishi Electric (Vincotech)
Semikron Danfoss
Fuji Electric
Toshiba
Littelfuse (IXYS)
SemiQ
Bosch
GE Aerospace
KEC Corporation
SanRex
Cissoid
BASiC Semiconductor
CETC 55
Zhuzhou CRRC Times Electric
StarPower
Guangdong AccoPower Semiconductor

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 by Type, by Application?

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