"Future of Executive Summary Silicon Carbide Power Semiconductors Market: Size and Share Dynamics

CAGR Value

The global silicon carbide power semiconductors market size was valued at USD 2.43 billion in 2024 and is expected to reach USD 14.63 billion by 2032, at a CAGR of 25.10% during the forecast period

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Silicon Carbide Power Semiconductors Market Environment

Segments

• Based on device, the global silicon carbide power semiconductors market can be segmented into diodes, MOSFET, Module, and others. The MOSFET segment is expected to dominate the market due to the increasing demand for energy-efficient devices.
• By wafer size, the market can be categorized into 2-Inch, 4-Inch, and 6-Inch & above. The 6-Inch & above segment is anticipated to grow at a significant rate owing to the rising adoption of advanced technologies.
• On the basis of application, the market is divided into energy & power, industrial, automotive, and others. The automotive segment is likely to witness high growth due to the expanding electric vehicle market globally.

Market Players

• Infineon Technologies AG
• Cree, Inc.
• ROHM SEMICONDUCTOR
• STMicroelectronics
• Graphensic
• ON Semiconductor
• Microchip Technology Inc.