MARKET AND OVERVIEW
Power SiC components are semiconductor devices made from silicon carbide (SiC), a wide-bandgap material known for its high efficiency, faster switching speeds, lower power losses, and superior thermal conductivity compared to traditional silicon-based power devices. These components, including SiC MOSFETs, SiC diodes, and SiC power modules, are widely used in electric vehicles (EVs), renewable energy systems, industrial power supplies, and highvoltage applications due to their ability to handle higher voltages and operate at elevated temperatures.
MARKET SIZE AND GROWTH
The global Power SiC Component Market size was estimated at USD 2091 million in 2023 and is projected to reach USD 13120.71 million by 2030, exhibiting a CAGR of 30.00% during the forecast period.
North America Power SiC Component market size was USD 544.85 million in 2023, at a CAGR of 25.71% during the forecast period of 2025 through 2030.
