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India Silicon Carbide (SiC) Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Chemical and Materials | Upcoming Report | Mar 2024 | Country Level | 350 Pages | No of Tables: 220 | No of Figures: 60
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India Silicon Carbide Market

Market Size in USD Billion

CAGR :  %

USD 45.81 Million USD 104.07 Million 2024 2032
Forecast Period
2025 –2032
Market Size(Base Year)
USD 45.81 Million
Market Size (Forecast Year)
USD 104.07 Million
CAGR
%
Major Markets Players
  • STMicroelectronics (Switzerland)
  • Infineon Technologies AG (Germany)
  • ROHM CO.
  • LTD. (Japan)
  • WOLFSPEED

India Silicon Carbide (SiC) Market Segmentation, By Product (Black and Green), Device (SiC Discrete, SiC Bare Die, and SiC Module), Wafer Size (2-Inch, 4-Inch, and 6-Inch), Application (Metallurgy, Abrasives, Refractory, Electrical and Electronics, and Other), End-Use (Automotive, Aerospace, Military and Defense, Heavy Engineering, Consumer Electronics, Healthcare, and Others)- Industry Trends and Forecast to 2032

India Silicon Carbide (SiC) Market Size

  • The India silicon carbide (SiC) market size was valued at USD 45.81 million in 2024 and is expected to reach USD 104.07 million by 2032, at a CAGR of 10.8% during the forecast period
  • The market growth is largely fuelled by the increasing demand for energy-efficient power electronics, expansion of the electric vehicle (EV) sector, and the rising adoption of renewable energy technologies
  • The ongoing advancements in semiconductor fabrication and the increasing presence of global and domestic players in India's power electronics market are further accelerating the adoption of SiC materials across automotive, aerospace, and industrial applications

India Silicon Carbide (SiC) Market Analysis

  • Growing government support for electric mobility, including subsidies and incentives under schemes such as FAME II, is significantly contributing to the increased use of SiC components in automotive applications
  • The industrial sector in India is witnessing a steady transition toward high-performance semiconductors, with SiC gaining traction in applications involving high voltage, high temperature, and high-frequency performance
  • The black SiC segment held the largest market revenue share in 2024, driven by its widespread use in industrial applications such as grinding, cutting, and lapping due to its high hardness and cost-effectiveness. It is extensively utilized in abrasives, metallurgy, and refractory industries where performance under high-temperature conditions is critical. Its strong demand is further supported by steady consumption in infrastructure and steel manufacturing sectors

Report Scope and India Silicon Carbide (SiC) Market Segmentation  

Attributes

India Silicon Carbide (SiC) Key Market Insights

Segments Covered

  • By Product: Black and Green
  • By Device: SiC Discrete, SiC Bare Die, and SiC Module
  • By Wafer Size: 2-Inch, 4-Inch, and 6-Inch
  • By Application: Metallurgy, Abrasives, Refractory, Electrical and Electronics, and Other
  • By End-Use: Automotive, Aerospace, Military and Defense, Heavy Engineering, Consumer Electronics, Healthcare, and Others

Key Market Players

Market Opportunities

• Expansion of Electric Vehicle Infrastructure Across Urban and Semi-Urban Regions

• Rising Government Initiatives to Promote Indigenous Semiconductor Manufacturing

Value Added Data Infosets

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

India Silicon Carbide (SiC) Market Trends

“Surging Demand for SiC Power Devices in Renewable Energy Projects”

  • Accelerated demand for high-efficiency power electronics in India’s renewable energy sector is boosting adoption of silicon carbide components, as they offer superior thermal conductivity, voltage endurance, and switching efficiency over traditional silicon-based semiconductors
  • Grid-scale solar farms, wind installations, and hybrid energy systems increasingly rely on SiC-based inverters and power modules to reduce conversion losses, improve thermal performance, and deliver consistent power even in harsh Indian climates
  • Technological advances in SiC manufacturing are lowering costs and improving scalability, making the technology more attractive to renewable project developers who aim to meet the country's decarbonization targets and optimize system efficiency

    • For instance, the Rewa Ultra Mega Solar project in Madhya Pradesh has integrated advanced SiC-based inverter technology to achieve higher energy output, improved system stability, and reduced downtime across a vast 750 MW capacity installation

  • These advancements are positioning SiC as a key enabler of India’s clean energy future, with further adoption expected as government subsidies, infrastructure investment, and net-zero commitments drive the expansion of renewable power infrastructure

India Silicon Carbide (SiC) Market Dynamics

Driver

“Growing Use of SiC In Electric Vehicles and EV Infrastructure”

• India’s push toward electric mobility is accelerating demand for silicon carbide semiconductors, as EV manufacturers adopt SiC-based devices to improve energy efficiency, reduce heat loss, and extend battery range in both two-wheelers and four-wheelers

• High-power charging stations, especially those built along national highways and urban centers, are increasingly utilizing SiC-based converters and inverters to minimize charging time and energy consumption while ensuring long-term operational stability

• Supportive initiatives such as FAME II and state-level EV policies are encouraging the integration of SiC technology in public and private transport fleets, particularly in high-performance traction systems and fast-charging applications

• For instance, Indian electric scooter manufacturer Ather Energy is working toward deploying SiC components in its future models to enhance thermal performance and energy conversion, enabling longer rides and reduced energy losses in real-world conditions

• The rise of SiC in India’s EV ecosystem underlines its role as a performance-enhancing, cost-optimizing solution that supports national sustainability goals while helping OEMs stay competitive in the fast-growing electric mobility market

Restraint/Challenge

“High Fabrication Costs and Limited Domestic Manufacturing Capabilities”

• The cost-intensive nature of silicon carbide wafer fabrication, which requires specialized equipment, high-temperature processing, and defect-free crystal growth, presents a major challenge for Indian manufacturers looking to enter or expand in the SiC value chain

• Limited access to domestic fabrication facilities and skilled labor further compounds the problem, making Indian firms heavily dependent on imported substrates and devices from countries such as the U.S., Japan, and Germany, which affects cost and lead times

• Government initiatives to localize semiconductor production are still in early stages, and delays in land acquisition, policy rollout, or technology transfer agreements have stalled several prospective SiC manufacturing ventures across the country

• For instance, planned SiC fabrication plants in Gujarat and Tamil Nadu have encountered obstacles related to foreign direct investment approvals, environmental clearance, and supply chain readiness, slowing down indigenous development efforts

• These structural limitations are creating a bottleneck in India's ambition to become a self-reliant SiC hub, highlighting the urgent need for capital investment, R&D support, and ecosystem collaboration to reduce import dependence and scale domestic production

India Silicon Carbide (SiC) Market Scope

The market is segmented on the basis of product, device, wafer size, application, and end-use.

  • By Product

On the basis of product, the India silicon carbide (SiC) market is segmented into black and green. The black SiC segment held the largest market revenue share in 2024, driven by its widespread use in industrial applications such as grinding, cutting, and lapping due to its high hardness and cost-effectiveness. It is extensively utilized in abrasives, metallurgy, and refractory industries where performance under high-temperature conditions is critical. Its strong demand is further supported by steady consumption in infrastructure and steel manufacturing sectors.

The green SiC segment is expected to witness the fastest growth rate from 2025 to 2032, fueled by increasing demand in high-purity applications. Green SiC is preferred in precision grinding and electronics due to its sharper edges and superior thermal conductivity. Its role in semiconductor processing and specialized ceramics is gaining traction, especially as India ramps up investment in electronics manufacturing.

  • By Device

On the basis of device, the market is segmented into SiC discrete, SiC bare die, and SiC module. The SiC discrete segment accounted for the largest revenue share in 2024, owing to its robust adoption in power electronics and energy-efficient systems. These devices are widely deployed in inverters, converters, and motor drives across automotive and industrial settings where compact size and thermal performance are prioritized.

The SiC module segment is expected to witness the fastest growth rate from 2025 to 2032, supported by its increasing application in electric vehicles and renewable energy systems. SiC modules offer integrated solutions that deliver enhanced efficiency and power density, making them attractive for high-voltage, high-current operations across critical sectors.

  • By Wafer Size

On the basis of wafer size, the market is segmented into 2-inch, 4-inch, and 6-inch. The 4-inch wafer segment dominated the market in 2024, driven by its balanced production efficiency and cost performance. It remains a standard size for many established fabrication lines in India, particularly in research, industrial electronics, and abrasives production.

The 6-inch wafer segment is expected to witness the fastest growth rate from 2025 to 2032, as next-generation SiC fabs in India transition to larger wafer formats to meet demand for high-volume, cost-efficient production. This trend is being driven by the rapid expansion of SiC use in automotive powertrains, industrial automation, and energy storage systems.

  • By Application

On the basis of application, the market is segmented into metallurgy, abrasives, refractory, electrical and electronics, and others. The metallurgy segment held the largest revenue share in 2024, as SiC is extensively used as a deoxidizing agent and in the production of ferrous and non-ferrous alloys. It plays a vital role in foundries and steel plants where high thermal resistance and chemical inertness are critical.

The electrical and electronics segment is expected to witness the fastest growth rate from 2025 to 2032, supported by increasing demand for SiC-based power semiconductors in electric vehicles, power supplies, and smart grid applications. This growth is further accelerated by India’s electronics manufacturing push under the Make in India initiative.

  • By End-Use

On the basis of end-use, the market is segmented into automotive, aerospace, military and defense, heavy engineering, consumer electronics, healthcare, and others. The automotive segment dominated the market in 2024, driven by strong demand for SiC components in electric drivetrains, on-board chargers, and fast-charging infrastructure. Automakers are actively adopting SiC for its efficiency, lightweight nature, and thermal stability.

The aerospace segment is expected to witness the fastest growth rate from 2025 to 2032, propelled by SiC’s growing role in high-temperature structural materials and advanced avionics. With rising investments in India’s defense and commercial aerospace industries, SiC is increasingly being explored for thermal shields, sensor housings, and propulsion applications.

India Silicon Carbide (SiC) Market Share

The India Silicon Carbide (SiC) industry is primarily led by well-established companies, including:

  • Ascatron India Pvt. Ltd. (India)
  • CUMI (Carborundum Universal Limited) (India)
  • Saint-Gobain India Pvt. Ltd. (India)
  • Grindwell Norton Ltd. (India)
  • Navratan Speciality Chemicals LLP (India)
  • Industrial Mineral Company (IMC) (India)
  • Orient Abrasives Ltd. (India)
  • Vishay Intertechnology India Pvt. Ltd. (India)
  • SS Refractory and Minerals Pvt. Ltd. (India)
  • Hi-Tech Abrasives Ltd. (India)


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India Silicon Carbide Market, Supply Chain Analysis and Ecosystem Framework

To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its India Silicon Carbide Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as India Silicon Carbide Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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