Global Silicon Carbide (SiC) Power Market Growth 2025-2031

The global Silicon Carbide (SiC) Power market size is predicted to grow from US$ 119 million in 2025 to US$ 177 million in 2031; it is expected to grow at a CAGR of 7.0% from 2025 to 2031.

Silicon Carbide (SiC) Power refers to a power supply system or component made of silicon carbide (SiC) semiconductor material. Due to the characteristics of silicon carbide resistance to high temperature, high frequency, high voltage, high thermal conductivity, low on-resistance and other advantages, silicon carbide power supply has significantly improved efficiency, power density, operating temperature range and other aspects compared with traditional silicon-based power supply.

United States market for Silicon Carbide (SiC) Power is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Silicon Carbide (SiC) Power is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Silicon Carbide (SiC) Power is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Silicon Carbide (SiC) Power players cover Danfoss, Mitsubishi Electric, INJET, Spang Power, Advanced Energy, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Silicon Carbide (SiC) Power Industry Forecast” looks at past sales and reviews total world Silicon Carbide (SiC) Power sales in 2024, providing a comprehensive analysis by region and market sector of projected Silicon Carbide (SiC) Power sales for 2025 through 2031. With Silicon Carbide (SiC) Power sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Silicon Carbide (SiC) Power industry.

This Insight Report provides a comprehensive analysis of the global Silicon Carbide (SiC) Power 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 Silicon Carbide (SiC) Power portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Silicon Carbide (SiC) Power market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Silicon Carbide (SiC) Power 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 Silicon Carbide (SiC) Power.

This report presents a comprehensive overview, market shares, and growth opportunities of Silicon Carbide (SiC) Power market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Below 10kW
10kW-50kW

Segmentation by Application:
Automotive Field
Electronic Field
Medical Field
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.
Danfoss
Mitsubishi Electric
INJET
Spang Power
Advanced Energy
‌Wolfspeed
AEG Power Supply
Kewell
Vertiv
ITECH
Skonda

Key Questions Addressed in this Report

What is the 10-year outlook for the global Silicon Carbide (SiC) Power market?

What factors are driving Silicon Carbide (SiC) Power market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Silicon Carbide (SiC) Power market opportunities vary by end market size?

How does Silicon Carbide (SiC) Power break out by Type, by Application?

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