• The global SiC MOSFET chips (devices) and module market was valued at USD 540.9 million in 2022 and is projected to reach USD 2731.9 million by 2029, growing at a CAGR of 26.0% during the forecast period. The increasing adoption of electric vehicles and renewable energy solutions, coupled with advancements in semiconductor technology, is driving this growth. The demand for higher efficiency power electronics in industrial applications is also a significant contributor.
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• Silicon Carbide (SiC) MOSFET chips (devices) and modules are semiconductor components made from silicon carbide material. Compared to traditional silicon-based MOSFETs, SiC MOSFETs offer superior properties such as lower on-resistance, higher thermal conductivity, and reduced switching losses. These features make SiC MOSFETs highly suitable for high-frequency circuits, electric vehicles (EVs), renewable energy systems, industrial automation, and telecommunications applications.
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By Types
• SiC MOSFET Chips/Devices: Used in standalone power conversionapplications.
• SiC MOSFET Modules: Integrated solutions for high-power industrialapplications.
By Applications
• Electric Vehicles (EVs) and Hybrid Vehicles: SiC MOSFETs improve battery performance and efficiency.
• Renewable Energy Systems: Used in solar inverters, wind turbines, and power converters.
• Industrial Power Electronics: Deployed in motor drives, UPS, and power grid applications.
• 5G & Telecommunications: Enhances power efficiency in base stations and network equipment.
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