SiC Diodes Market by Reverse Voltage (650 V, 1200 V, 1700 V, 3300 V)
Industry: Semiconductor Electronics
Published Date: February-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 310
Report ID: PMRREP24001
Global demand for the SiC Diodes Market is anticipated at US$ 2,100.5 Million as of 2022 and is estimated to have sales of US$ 17,548.9 Million by the end of 2033. The SiC diodes market is estimated to be US$ 2,516.4 Million by 2023 and is predicted to progress at a CAGR of 21.4% from 2023 to 2033.
A semiconductor called a silicon diode has positive and negative polarity, allowing electrical current to flow in one direction while preventing it from moving in another. The crystals of silicon can withstand high temperatures at low economically prices comparatively.
The most viable semiconductor for next generation and low loss due to its superior high temperature and ON resistance, high voltage and high frequency performance when compared to silicon. To reduce design complexity silicon carbide allows designers to use few components.
The SiC diodes are primarily used for critical power systems in electric vehicles, data center, base station, traction inverters and smart grid.
North America holds a largest market share of 29.4% in 2022 and is expected to maintain its position throughout the forecast period, while the market in Europe holds 18.1% value of market share in the global market in 2022.
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SiC Diodes Market Size (2022) |
US$ 2,100.5 Million |
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SiC Diodes Market Size (2023) |
US$ 2,348.4 Million |
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Projected Market Value (2033) |
US$ 8,284.4 Million |
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Global Market Growth Rate (2023 to 2033) |
13.4% |
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1200V Reverse Voltage Component Market Share (2022) |
42.3% |
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US Market Share (2022) |
32.6 % |
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Automotive Industry Market Share (2022) |
44.5% |
“High Ubiquity of efficient and green solutions”
The complexity, quantity and functionality of electronic modules are rising in tandem with the continuous advancements of vehicle electrification. With an increase in revenues of discrete semiconductors such as diodes, thyristors and varistors the rise in adoption of advanced driver assistance systems is fulfilling the demand for semiconductors in the automotive industry. Furthermore, as the usage of plug-in hybrid electric vehicles and electric vehicles grows, which will throttle the need for discrete diodes. Vendors in the discrete diode industry are launching new diodes MOSFET technology for battery charging, photovoltaic inverters, energy storage, UPS, motor drives, SMPS and auxiliary power supplies.
These factors are driving the demand for SiC Diodes solutions and contributing to the growth of the market.
“Low Cost Manufacturing for Electronic Equipment in China”
The population growth that dominated prior decades of China and high skilled labours have concluded in low cost manufacturing for variety of electronic equipment such as battery charging, photovoltaic inverters, energy storage, UPS, etc. United States has a major impact upon the production of SiC diodes in China, since it outsources majority of its semiconductor manufacturing projects to China.
Overall, the growing demand for silicon carbides market, high demand for electronic equipment among consumers, and advancements in technology are driving the opportunity for SiC diodes in the China.
These are the reasons why in 2022, the China SiC diodes market companies helped the country to account for a dominant share of 24.2% in the global marketplace.
“Investors are Optimistic about the Growth of Semiconductor Industry in South Asia”
High growth is anticipated in South Asia Region as the semiconductor vendors and investors are trying to forge partnerships with the local vendors/manufacturers, the countries like India and Vietnam are developing countries which focus on low cost semiconductor devices to fulfil the need for silicon carbide.
Government Initiatives to promote semiconductor manufacturing is increasing the growth in India and Vietnam. Also, the population growth in India is the primary basis to estimate the high penetration in India for silicon carbide market because of the higher demand for consumer electronics and industrial electronic devices.
These factors are contributing to the high CAGR of 25.6 % of the SiC Diodes market in India, and are expected to continue to drive growth in the coming years.
“Large Presence of Silicon Carbide Vendors in United States”
The United States have more adoption of electronic device because consumers have the ability to spend on electronic devices manufactured by numerous vendors that operate in this country. Presence of multiple vendors increase the competitiveness and drives innovation allowing this country to have a large scale use of SiC diodes in numerous electronics/machines devices.
This country is witnessing a growth on the use of electronic vehicles further allowing SiC market to grow. Due to this reason, the SiC diodes market for US in 2022 held a market share of 21.5% globally.
Which Reverse Voltage for SiC Diodes Market Held the Largest Market Share?
“1200V of SiC Diodes Having the Larger Market Share”
SiC diodes in 1200V provides high power which plays an important role in allowing modern power systems in the fields of automotive, telecommunication and industrial. The power electronics revolution has swept through the automation and power delivery industries, opening up a wide range of possibilities for managing how electrical energy is consumed and transferred.
Due to high capability properties, SiC diodes are widely used for high frequency light detection, high temperature devices and high frequency switching.
In 2022, the 1200V of SiC diodes share was estimated to account for 54.2% of the total market value share.
Which Industry of the SiC Diodes Market holds a Larger Share of the Market?
“Automotive Industry Holds the Largest Market Share”
In 2022, it was estimated that the automotive industry market share was 16.4%.
The domination of the segment is attributed to the rising demand for stable power supplies and highly efficient and stable power supplies such as uninterruptible power supplies (UPS), power modules, and wireless charging devices in power electronics, automotive, telecommunication and renewable power generation sectors.
SiC diodes are in high demand in the automotive industry because to the requirement for regulatory compliance, improved security, higher efficiency, lower prices, and the capability of conducting transactions remotely.
The SiC diode market is fiercely competitive and innovative, with both well-established businesses and up-and-coming businesses providing a range of options. The market is continually being entered by new companies, and since the use of SiC diodes is anticipated to grow, the competitive environment is likely to change over time.
Recent developments related to key players providing the SiC diodes market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
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Attribute |
Details |
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Forecast Period |
2023 to 2033 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
By Forward Current:
By Reverse Voltage:
By Application:
By Region:
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In 2022, demand for the SiC Diodes market amounted to US$ 2,100.5 Mn.
The global SiC Diodes market is estimated to grow at a CAGR of 21.4% over the forecast period.
The market for SiC Diodes market is forecasted to have a market value of US$ 17,548.9 Mn by 2033.
Demand for the SiC Diodes market in India is projected to rise at 25.6% CAGR over the forecast period.
In 2022, the North America SiC Diodes market held a dominant market share of 29.4%.
