Market Overview:
The global SiC power modules market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and high-power electronics devices. Additionally, the growing adoption of SiC power modules in various applications such as automotive, industrial, aerospace, solar and others is also propelling the growth of this market. However, the high cost associated with these modules may restrain the growth of this market to some extent during the forecast period.
Product Definition:
A SiC power module is a device that uses silicon carbide to convert electrical energy into useful forms of energy, such as heat or motion. These modules are important because they can improve the efficiency and performance of electrical systems while reducing costs.
Hybrid SiC Modules:
Hybrid SIC modules are SiC semiconductor devices that can be used in a wide range of applications. They have several advantages over silicon-based Power Modules, such as lower power consumption, higher operating speed and efficiency, and better heat dissipation.
Hybrid SIC modules offer the best of both worlds; they combine the benefits of both III-V compound semiconductors along with GaN technology which is well suited for high power applications.
Full SiC Modules:
Full SiC modules are large scale integrated circuits (LSIC) and they are used in power modules for high voltage applications. Power module is the main component of a solar cell, which helps to regulate its working condition. It has various functions such as protecting the cell from over current, under current and over temperature etc.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The automotive industry has been one of the major consumers of silicon carbide as it helps reduce overall vehicle weight, thereby improving fuel efficiency and reducing pollution. Moreover, increasing demand for electric vehicles is likely to propel product demand in this segment over the coming years.
SiC PWM modules are used across multiple applications including power distribution system for hybrid and plug-in electric vehicles, traction control systems for diesel engines, engine brake cooling water circulation pump motor drives etc., owing to their ability to deliver high power with low heat generation at its core. SiC modules also offer benefits such as extended life expectancy when compared with conventional counterparts along with a smaller size which further boosts their adoption across various industries.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a growing demand for energy-efficient products owing to increasing population, rising standards of living, and rapid industrialization. China is one of the largest markets for power modules in this region as it has been witnessing strong economic growth along with significant investments in various industries including automotive, electronics, etc.
The country’s solar industry grew by 20% year on year and reached USD X billion thus becoming world’s largest solar market after U.S.
Growth Factors:
- Increasing demand for high-efficiency and reliable power modules in various applications
- Growing popularity of SiC technology across different industries
- Rising number of collaborations and partnerships among module manufacturers and semiconductor companies
- Proliferation of next-generation vehicles that require more powerful and efficient power modules
- Technological advancements that are making SiC power modules more compact, lighter, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
SiC Power Modules Market Research Report
By Type
Hybrid SiC Modules, Full SiC Modules
By Application
Automotive, Industrial, Aerospace, Solar, Others
By Companies
Cree, Danfoss, Semikron, Mitsubishi Electric, ON Semiconductor, Microchip, Infineon, Rohm Semiconductor, Fuji Electric, GE Aviation, Cissoid, Hestia Power Inc, STMicroelectronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global SiC Power Modules Market Report Segments:
The global SiC Power Modules market is segmented on the basis of:
Types
Hybrid SiC Modules, Full SiC Modules
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Industrial, Aerospace, Solar, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cree
- Danfoss
- Semikron
- Mitsubishi Electric
- ON Semiconductor
- Microchip
- Infineon
- Rohm Semiconductor
- Fuji Electric
- GE Aviation
- Cissoid
- Hestia Power Inc
- STMicroelectronics
Highlights of The SiC Power Modules Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hybrid SiC Modules
- Full SiC Modules
- By Application:
- Automotive
- Industrial
- Aerospace
- Solar
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the SiC Power Modules Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
SiC Power Modules are a type of power module that uses silicon-carbide (SiC) materials to generate electricity. SiC Power Modules are typically used in applications where high efficiency and low emissions are important, such as electric vehicles, renewable energy systems, and smart grid infrastructure.
Some of the major players in the sic power modules market are Cree, Danfoss, Semikron, Mitsubishi Electric, ON Semiconductor, Microchip, Infineon, Rohm Semiconductor, Fuji Electric, GE Aviation, Cissoid, Hestia Power Inc, STMicroelectronics.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SiC Power Modules Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 SiC Power Modules Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SiC Power Modules Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the SiC Power Modules Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global SiC Power Modules Market Size & Forecast, 2020-2028
4.5.1 SiC Power Modules Market Size and Y-o-Y Growth
4.5.2 SiC Power Modules Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hybrid SiC Modules
5.2.2 Full SiC Modules
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Industrial
6.2.3 Aerospace
6.2.4 Solar
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SiC Power Modules Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 SiC Power Modules Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hybrid SiC Modules
9.6.2 Full SiC Modules
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Industrial
9.10.3 Aerospace
9.10.4 Solar
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hybrid SiC Modules
10.6.2 Full SiC Modules
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Industrial
10.10.3 Aerospace
10.10.4 Solar
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hybrid SiC Modules
11.6.2 Full SiC Modules
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Industrial
11.10.3 Aerospace
11.10.4 Solar
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hybrid SiC Modules
12.6.2 Full SiC Modules
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Industrial
12.10.3 Aerospace
12.10.4 Solar
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hybrid SiC Modules
13.6.2 Full SiC Modules
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Industrial
13.10.3 Aerospace
13.10.4 Solar
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 SiC Power Modules Market: Competitive Dashboard
14.2 Global SiC Power Modules Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cree
14.3.2 Danfoss
14.3.3 Semikron
14.3.4 Mitsubishi Electric
14.3.5 ON Semiconductor
14.3.6 Microchip
14.3.7 Infineon
14.3.8 Rohm Semiconductor
14.3.9 Fuji Electric
14.3.10 GE Aviation
14.3.11 Cissoid
14.3.12 Hestia Power Inc
14.3.13 STMicroelectronics
