China Silicon Carbide Power Semiconductors Market to 2032
Overview
The China Silicon Carbide Power Semiconductors Market is expected to reach a 2,883.07 USD Million by 2032 and is projected to grow at a CAGR of 36.67% from 2025 to 2032.
Revenue, 2024 (USD Million)
406.19
Forecast, 2032 (USD Million)
2,883.07
CAGR, 2024 - 2032
36.67%
Report Coverage
China
China Silicon Carbide Power Semiconductors Market 2018-2032 USD Million
China Silicon Carbide Power Semiconductors Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 406.19 USD Million
- Projected Market Size (2032): 2,883.07 USD Million
- CAGR (2025-2032): 36.67%
Key Findings of China Silicon Carbide Power Semiconductors Market
- The China Silicon Carbide Power Semiconductors Market was valued at 406.19 USD Million in 2024.
- The China Silicon Carbide Power Semiconductors Market is likely to grow at a CAGR of 36.67% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment SiC Epitaxial Wafers in Wafer Segment accounted for the largest share of the market with a revenue of 223.24 USD Million
- The fastest growing segment MOSFETS in Type Segment grew Fastest with a CAGR of 39.85% during the forecast period from 2024 to 2032.
China Silicon Carbide Power Semiconductors Market Scope
China Silicon Carbide Power Semiconductors Market Segmentation & Scope
Application
- Others
- Industrial Motor Drives
- RF Devices
- Photovoltaics
- Power Supplies
- Inverters
- Electric Vehicle (EV)
Vertical
- Others
- Medical
- Aerospace & Defense
- Consumer Electronics
- Renewables/Grids
- Industrial
- Data Centers
- Automotive & Transportation
Type
- Others
- Junction FET
- Pin Diode
- SiC Bare Die
- Hybrid Modules
- Bipolar Junction Transistor (BJT)
- Schottky Barrier Diodes (SBDs)
- MOSFETS
Wafer
- Blank SiC Wafers
- SiC Epitaxial Wafers
Voltage Range
- Less than 300 V
- 1701 V & Above
- 901 V to 1700 V
- 301 V to 900 V
Wafer Size
- 8 & 12 inch
- 6 inch
- 2 inch, 3 inch and 4 inch
China Silicon Carbide Power Semiconductors Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 406.19 USD Million |
| Market Value in 2032 | 2,883.07 USD Million |
| CAGR (2025-2032) | 36.67% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Vertical,Type,Wafer,Voltage Range,Wafer Size |
Regional Insights:
-
Leading Market (2024-2032): China, leading in terms of revenue 406.19 USD Million in 2024
- Key Country: China, leading in terms of revenue with value of 406.19 USD Million in 2024.
Segments and Scope
-
China Silicon Carbide Power Semiconductors Market to 2032, By Application
- Electric Vehicle (EV) is the largest segment in China Silicon Carbide Power Semiconductors Market to 2032 with a revenue of 136.61 USD Million in the year 2024.
- Electric Vehicle (EV) is the Fastest growing segment in China Silicon Carbide Power Semiconductors Market to 2032 with a Growth rate of 39.40 % in forecast period 2025-2032.
-
China Silicon Carbide Power Semiconductors Market to 2032, By Vertical
- Automotive & Transportation is the largest segment in China Silicon Carbide Power Semiconductors Market to 2032 with a revenue of 118.66 USD Million in the year 2024.
- Automotive & Transportation is the Fastest growing segment in China Silicon Carbide Power Semiconductors Market to 2032 with a Growth rate of 39.55 % in forecast period 2025-2032.
-
China Silicon Carbide Power Semiconductors Market to 2032, By Type
- MOSFETS is the largest segment in China Silicon Carbide Power Semiconductors Market to 2032 with a revenue of 112.85 USD Million in the year 2024.
- MOSFETS is the Fastest growing segment in China Silicon Carbide Power Semiconductors Market to 2032 with a Growth rate of 39.85 % in forecast period 2025-2032.
-
China Silicon Carbide Power Semiconductors Market to 2032, By Wafer
- SiC Epitaxial Wafers is the largest segment in China Silicon Carbide Power Semiconductors Market to 2032 with a revenue of 223.24 USD Million in the year 2024.
- SiC Epitaxial Wafers is the Fastest growing segment in China Silicon Carbide Power Semiconductors Market to 2032 with a Growth rate of 37.23 % in forecast period 2025-2032.
-
China Silicon Carbide Power Semiconductors Market to 2032, By Voltage Range
- 301 V to 900 V is the largest segment in China Silicon Carbide Power Semiconductors Market to 2032 with a revenue of 182.09 USD Million in the year 2024.
- 301 V to 900 V is the Fastest growing segment in China Silicon Carbide Power Semiconductors Market to 2032 with a Growth rate of 37.35 % in forecast period 2025-2032.
-
China Silicon Carbide Power Semiconductors Market to 2032, By Wafer Size
- 2 inch, 3 inch and 4 inch is the largest segment in China Silicon Carbide Power Semiconductors Market to 2032 with a revenue of 172.75 USD Million in the year 2024.
- 2 inch, 3 inch and 4 inch is the Fastest growing segment in China Silicon Carbide Power Semiconductors Market to 2032 with a Growth rate of 37.44 % in forecast period 2025-2032.
China Silicon Carbide Power Semiconductors Market Company Share Analysis
China Silicon Carbide Power Semiconductors Market Geographical Sales Distribution, 2018-2032 USD Million
China Silicon Carbide Power Semiconductors Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The China Silicon Carbide Power Semiconductors Market is segmented based on Segmentation Application,Vertical,Type,Wafer,Voltage Range,Wafer Size.
China Silicon Carbide Power Semiconductors Market was valued at USD 406.19(Revenue in USD Million) in 2022.
China Silicon Carbide Power Semiconductors Market is projected to grow at a CAGR of 36.67% during the forecast period of 2024 to 2032.
The SiC Epitaxial Wafers segment is expected to dominate the China Silicon Carbide Power Semiconductors Market, holding a largest market share of 223.24 USD Million in 2024
China Silicon Carbide Power Semiconductors Market Scope
China Silicon Carbide Power Semiconductors Market Segmentation & Scope
Application
- Others
- Industrial Motor Drives
- RF Devices
- Photovoltaics
- Power Supplies
- Inverters
- Electric Vehicle (EV)
Vertical
- Others
- Medical
- Aerospace & Defense
- Consumer Electronics
- Renewables/Grids
- Industrial
- Data Centers
- Automotive & Transportation
Type
- Others
- Junction FET
- Pin Diode
- SiC Bare Die
- Hybrid Modules
- Bipolar Junction Transistor (BJT)
- Schottky Barrier Diodes (SBDs)
- MOSFETS
Wafer
- Blank SiC Wafers
- SiC Epitaxial Wafers
Voltage Range
- Less than 300 V
- 1701 V & Above
- 901 V to 1700 V
- 301 V to 900 V
Wafer Size
- 8 & 12 inch
- 6 inch
- 2 inch, 3 inch and 4 inch
Frequently Asked Questions
The China Silicon Carbide Power Semiconductors Market is segmented based on Segmentation Application,Vertical,Type,Wafer,Voltage Range,Wafer Size.
China Silicon Carbide Power Semiconductors Market was valued at USD 406.19(Revenue in USD Million) in 2022.
China Silicon Carbide Power Semiconductors Market is projected to grow at a CAGR of 36.67% during the forecast period of 2024 to 2032.
The estimated market value of the China Silicon Carbide Power Semiconductors Market for final year is USD 2,883.07 (USD Million).
China Silicon Carbide Power Semiconductors Market Company Profiling
Frequently Asked Questions
The China Silicon Carbide Power Semiconductors Market is segmented based on Segmentation Application,Vertical,Type,Wafer,Voltage Range,Wafer Size.
China Silicon Carbide Power Semiconductors Market was valued at USD 406.19(Revenue in USD Million) in 2022.
China Silicon Carbide Power Semiconductors Market is projected to grow at a CAGR of 36.67% during the forecast period of 2024 to 2032.
The estimated market value of the China Silicon Carbide Power Semiconductors Market for final year is USD 2,883.07 (USD Million).
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