세계의 탄화규소(SiC) 모듈 시장 - 규모, 점유율, 성장 및 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of Silicon Carbide (SiC) module Market

The global Silicon Carbide (SiC) module market is witnessing dynamic expansion, supported by the rapid transition toward energy-efficient technologies, accelerated EV adoption, and the rising penetration of renewable energy solutions. According to the report, the global SiC module market size reached USD 774.0 million in 2024, growing strongly due to increasing demand for high-performance power electronics. The market is projected to advance to USD 980.7 million in 2025 and further achieve USD 5,879.7 million by 2032, reflecting robust adoption across automotive, energy, industrial, and telecom ecosystems. With a CAGR of 28.8% during 2025-2032, silicon carbide technology continues to outpace traditional silicon-based power modules in efficiency, thermal performance, and switching speed.

Key Market Insights

In 2024, North America held a dominant market share of 26.06%, backed by strong EV manufacturing activity, renewable energy installations, and early adoption of advanced semiconductor technologies. The U.S. in particular has accelerated SiC deployment across fast-charging infrastructure and industrial automation systems.

The market's growth trajectory is highly influenced by the increasing shift toward next-generation power solutions. SiC modules offer higher temperature resistance, lower switching losses, and more compact designs than conventional silicon-based devices, resulting in improved system efficiency across multiple sectors. As industries strive to reduce power consumption and carbon emissions, SiC modules are increasingly being integrated into power conversion systems, inverters, chargers, and motor drives.

Impact of Global Trade Policies

The report highlights that reciprocal tariffs among major economies may affect SiC module pricing by increasing the cost of raw materials and specialized components. This could elevate manufacturing expenditures and reduce the cost competitiveness of SiC systems. Tariff-induced supply chain disruptions may also lead to delays in production and compel companies to revise sourcing strategies.

Despite these challenges, long-term market growth remains resilient as companies invest in regional manufacturing, local supply chains, and innovation-driven product development.

Market Trends and Industry Dynamics

Expansion of 5G and Data Centers

The rollout of 5G networks and the increasing demand for high-performance data centers are boosting SiC module demand. The higher switching frequencies and efficiency offered by SiC modules make them ideal for telecom base stations, hyperscale data centers, and edge computing infrastructure. This trend is expected to significantly strengthen market growth through 2032.

Rising Adoption of Electric Vehicles

The EV segment remains the strongest growth driver. In 2024, global EV sales surged by 25% year-over-year, crossing 17 million units. Automakers are shifting from silicon to SiC-based inverters and powertrains to enhance energy efficiency and improve driving range. Faster charging capabilities and reduced battery losses are attracting widespread adoption of SiC modules in EVs.

Growth in Renewable Energy Systems

SiC modules support efficiency gains in renewable power systems such as solar inverters, wind turbines, and energy storage. India's renewable capacity expansion-a 396% increase over 8.5 years, surpassing 205 GW-illustrates the rising demand for advanced power electronics globally.

Segmentation Insights

• SiC MOSFET modules held the largest share in 2024 owing to superior efficiency and thermal performance.
• The 600V-1200V segment accounted for the highest adoption due to broad industrial and consumer applications.
• Automotive and energy & utilities remained the leading application areas in 2024, with energy & utilities expected to record the fastest growth through 2032.

Regional Outlook

• North America led the market in 2024 with USD 201.7 million in valuation.
• Europe reported strong EV adoption with 3.2 million new EV registrations in 2023, supporting SiC uptake.
• Asia Pacific is projected to witness the highest growth rate through 2032 driven by EV production, industrialization, and renewable energy investments.

Conclusion

The silicon carbide (SiC) module market is positioned for exceptional growth, rising from USD 774.0 million in 2024 to USD 5,879.7 million by 2032. Technological advancements, EV acceleration, and renewable energy expansion will continue to shape the industry's future, making SiC modules a cornerstone of next-generation power conversion globally.

Segmentation By Module Type

• SiC MOSFET Modules
• SiC Schottky Diode Modules
• Hybrid SiC Modules

By Voltage Range

• <600V
• 600V - 1200V
• >1200V

By Application

• Automotive
• Energy & Utilities
• Industrial
• Telecommunications
• Aerospace & Defense
• Others (Consumer Electronics, etc.)

By Region

• North America (By Module Type, By Voltage Range, By Application, and By Country)
  • U.S.
  • Canada
  • Mexico
• Europe (By Module Type, By Voltage Range, By Application, and By Country)
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Benelux
  • Nordics
  • Rest of Europe
• Asia Pacific (By Module Type, By Voltage Range, By Application, and By Country)
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Oceania
  • Rest of Asia Pacific
• Middle East & Africa (By Module Type, By Voltage Range, By Application, and By Country)
  • Turkey
  • Israel
  • GCC
  • South Africa
  • North Africa
  • Rest of Middle East and Africa
• South America (By Module Type, By Voltage Range, By Application, and By Country)
  • Brazil
  • Argentina
  • Rest of South America

Table of Content

1. Introduction

• 1.1. Definition, By Segment
• 1.2. Research Methodology/Approach
• 1.3. Data Sources

2. Executive Summary

3. Market Dynamics

• 3.1. Macro and Micro Economic Indicators
• 3.2. Drivers, Restraints, Opportunities and Trends

4. Competition Landscape

• 4.1. Business Strategies Adopted by Key Players
• 4.2. Consolidated SWOT Analysis of Key Players
• 4.3. Global Silicon Carbide (SiC) Module Key Players (Top 3 - 5) Market Share/Ranking, 2024

5. Global Silicon Carbide (SiC) Module Market Size Estimates and Forecasts, By Segments, 2019-2032

• 5.1. Key Findings
• 5.2. By Module Type (USD)
  • 5.2.1. SiC MOSFET Modules
  • 5.2.2. SiC Schottky Diode Modules
  • 5.2.3. Hybrid SiC Modules
• 5.3. By Voltage Range (USD)
  • 5.3.1. <600V
  • 5.3.2. 600V - 1200V
  • 5.3.3. >1200V
• 5.4. By Application (USD)
  • 5.4.1. Automotive
  • 5.4.2. Energy & Utilities
  • 5.4.3. Industrial
  • 5.4.4. Telecommunications
  • 5.4.5. Aerospace & Defense
  • 5.4.6. Others (Consumer Electronics, etc.)
• 5.5. By Region (USD)
  • 5.5.1. North America
  • 5.5.2. South America
  • 5.5.3. Europe
  • 5.5.4. Middle East and Africa
  • 5.5.5. Asia Pacific

6. North America Silicon Carbide (SiC) Module Market Size Estimates and Forecasts, By Segments, 2019-2032

• 6.1. Key Findings
• 6.2. By Module Type (USD)
  • 6.2.1. SiC MOSFET Modules
  • 6.2.2. SiC Schottky Diode Modules
  • 6.2.3. Hybrid SiC Modules
• 6.3. By Voltage Range (USD)
  • 6.3.1. <600V
  • 6.3.2. 600V - 1200V
  • 6.3.3. >1200V
• 6.4. By Application (USD)
  • 6.4.1. Automotive
  • 6.4.2. Energy & Utilities
  • 6.4.3. Industrial
  • 6.4.4. Telecommunications
  • 6.4.5. Aerospace & Defense
  • 6.4.6. Others (Consumer Electronics, etc.)
• 6.5. By Country (USD)
  • 6.5.1. United States
  • 6.5.2. Canada
  • 6.5.3. Mexico

7. South America Silicon Carbide (SiC) Module Market Size Estimates and Forecasts, By Segments, 2019-2032

• 7.1. Key Findings
• 7.2. By Module Type (USD)
  • 7.2.1. SiC MOSFET Modules
  • 7.2.2. SiC Schottky Diode Modules
  • 7.2.3. Hybrid SiC Modules
• 7.3. By Voltage Range (USD)
  • 7.3.1. <600V
  • 7.3.2. 600V - 1200V
  • 7.3.3. >1200V
• 7.4. By Application (USD)
  • 7.4.1. Automotive
  • 7.4.2. Energy & Utilities
  • 7.4.3. Industrial
  • 7.4.4. Telecommunications
  • 7.4.5. Aerospace & Defense
  • 7.4.6. Others (Consumer Electronics, etc.)
• 7.5. By Country (USD)
  • 7.5.1. Brazil
  • 7.5.2. Argentina
  • 7.5.3. Rest of South America

8. Europe Silicon Carbide (SiC) Module Market Size Estimates and Forecasts, By Segments, 2019-2032

• 8.1. Key Findings
• 8.2. By Module Type (USD)
  • 8.2.1. SiC MOSFET Modules
  • 8.2.2. SiC Schottky Diode Modules
  • 8.2.3. Hybrid SiC Modules
• 8.3. By Voltage Range (USD)
  • 8.3.1. <600V
  • 8.3.2. 600V - 1200V
  • 8.3.3. >1200V
• 8.4. By Application (USD)
  • 8.4.1. Automotive
  • 8.4.2. Energy & Utilities
  • 8.4.3. Industrial
  • 8.4.4. Telecommunications
  • 8.4.5. Aerospace & Defense
  • 8.4.6. Others (Consumer Electronics, etc.)
• 8.5. By Country (USD)
  • 8.5.1. United Kingdom
  • 8.5.2. Germany
  • 8.5.3. France
  • 8.5.4. Italy
  • 8.5.5. Spain
  • 8.5.6. Russia
  • 8.5.7. Benelux
  • 8.5.8. Nordics
  • 8.5.9. Rest of Europe

9. Middle East and Africa Silicon Carbide (SiC) Module Market Size Estimates and Forecasts, By Segments, 2019-2032

• 9.1. Key Findings
• 9.2. By Module Type (USD)
  • 9.2.1. SiC MOSFET Modules
  • 9.2.2. SiC Schottky Diode Modules
  • 9.2.3. Hybrid SiC Modules
• 9.3. By Voltage Range (USD)
  • 9.3.1. <600V
  • 9.3.2. 600V - 1200V
  • 9.3.3. >1200V
• 9.4. By Application (USD)
  • 9.4.1. Automotive
  • 9.4.2. Energy & Utilities
  • 9.4.3. Industrial
  • 9.4.4. Telecommunications
  • 9.4.5. Aerospace & Defense
  • 9.4.6. Others (Consumer Electronics, etc.)
• 9.5. By Country (USD)
  • 9.5.1. Turkey
  • 9.5.2. Israel
  • 9.5.3. GCC
  • 9.5.4. North Africa
  • 9.5.5. South Africa
  • 9.5.6. Rest of Middle East and Africa

10. Asia Pacific Silicon Carbide (SiC) Module Market Size Estimates and Forecasts, By Segments, 2019-2032

• 10.1. Key Findings
• 10.2. By Module Type (USD)
  • 10.2.1. SiC MOSFET Modules
  • 10.2.2. SiC Schottky Diode Modules
  • 10.2.3. Hybrid SiC Modules
• 10.3. By Voltage Range (USD)
  • 10.3.1. <600V
  • 10.3.2. 600V - 1200V
  • 10.3.3. >1200V
• 10.4. By Application (USD)
  • 10.4.1. Automotive
  • 10.4.2. Energy & Utilities
  • 10.4.3. Industrial
  • 10.4.4. Telecommunications
  • 10.4.5. Aerospace & Defense
  • 10.4.6. Others (Consumer Electronics, etc.)
• 10.5. By Country (USD)
  • 10.5.1. China
  • 10.5.2. India
  • 10.5.3. Japan
  • 10.5.4. South Korea
  • 10.5.5. ASEAN
  • 10.5.6. Oceania
  • 10.5.7. Rest of Asia Pacific

11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)

• 11.1. Wolfspeed, Inc. (Cree Inc.)
  • 11.1.1. Overview
    • 11.1.1.1. Key Management
    • 11.1.1.2. Headquarters
    • 11.1.1.3. Offerings/Business Segments
  • 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.1.2.1. Employee Size
    • 11.1.2.2. Past and Current Revenue
    • 11.1.2.3. Geographical Share
    • 11.1.2.4. Business Segment Share
    • 11.1.2.5. Recent Developments
• 11.2. STMicroelectronics
  • 11.2.1. Overview
    • 11.2.1.1. Key Management
    • 11.2.1.2. Headquarters
    • 11.2.1.3. Offerings/Business Segments
  • 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.2.2.1. Employee Size
    • 11.2.2.2. Past and Current Revenue
    • 11.2.2.3. Geographical Share
    • 11.2.2.4. Business Segment Share
    • 11.2.2.5. Recent Developments
• 11.3. Infineon Technologies AG
  • 11.3.1. Overview
    • 11.3.1.1. Key Management
    • 11.3.1.2. Headquarters
    • 11.3.1.3. Offerings/Business Segments
  • 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.3.2.1. Employee Size
    • 11.3.2.2. Past and Current Revenue
    • 11.3.2.3. Geographical Share
    • 11.3.2.4. Business Segment Share
    • 11.3.2.5. Recent Developments
• 11.4. ROHM Semiconductor
  • 11.4.1. Overview
    • 11.4.1.1. Key Management
    • 11.4.1.2. Headquarters
    • 11.4.1.3. Offerings/Business Segments
  • 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.4.2.1. Employee Size
    • 11.4.2.2. Past and Current Revenue
    • 11.4.2.3. Geographical Share
    • 11.4.2.4. Business Segment Share
    • 11.4.2.5. Recent Developments
• 11.5. ON Semiconductor
  • 11.5.1. Overview
    • 11.5.1.1. Key Management
    • 11.5.1.2. Headquarters
    • 11.5.1.3. Offerings/Business Segments
  • 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.5.2.1. Employee Size
    • 11.5.2.2. Past and Current Revenue
    • 11.5.2.3. Geographical Share
    • 11.5.2.4. Business Segment Share
    • 11.5.2.5. Recent Developments
• 11.6. Microchip Technology, Inc.
  • 11.6.1. Overview
    • 11.6.1.1. Key Management
    • 11.6.1.2. Headquarters
    • 11.6.1.3. Offerings/Business Segments
  • 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.6.2.1. Employee Size
    • 11.6.2.2. Past and Current Revenue
    • 11.6.2.3. Geographical Share
    • 11.6.2.4. Business Segment Share
    • 11.6.2.5. Recent Developments
• 11.7. Mitsubishi Electric Corporation
  • 11.7.1. Overview
    • 11.7.1.1. Key Management
    • 11.7.1.2. Headquarters
    • 11.7.1.3. Offerings/Business Segments
  • 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.7.2.1. Employee Size
    • 11.7.2.2. Past and Current Revenue
    • 11.7.2.3. Geographical Share
    • 11.7.2.4. Business Segment Share
    • 11.7.2.5. Recent Developments
• 11.8. Hitachi Energy
  • 11.8.1. Overview
    • 11.8.1.1. Key Management
    • 11.8.1.2. Headquarters
    • 11.8.1.3. Offerings/Business Segments
  • 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.8.2.1. Employee Size
    • 11.8.2.2. Past and Current Revenue
    • 11.8.2.3. Geographical Share
    • 11.8.2.4. Business Segment Share
    • 11.8.2.5. Recent Developments
• 11.9. Fuji Electric Co., Ltd.
  • 11.9.1. Overview
    • 11.9.1.1. Key Management
    • 11.9.1.2. Headquarters
    • 11.9.1.3. Offerings/Business Segments
  • 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.9.2.1. Employee Size
    • 11.9.2.2. Past and Current Revenue
    • 11.9.2.3. Geographical Share
    • 11.9.2.4. Business Segment Share
    • 11.9.2.5. Recent Developments
• 11.10. Littelfuse, Inc.
  • 11.10.1. Overview
    • 11.10.1.1. Key Management
    • 11.10.1.2. Headquarters
    • 11.10.1.3. Offerings/Business Segments
  • 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.10.2.1. Employee Size
    • 11.10.2.2. Past and Current Revenue
    • 11.10.2.3. Geographical Share
    • 11.10.2.4. Business Segment Share
    • 11.10.2.5. Recent Developments