PUNE, India – Oct. 12, 2026 – PRLog — Power SiC Market Size and Growth
The global power SiC market was valued at USD 3.45 billion in 2025 and is projected to reach USD 16.82 billion by 2035, growing at a 17.2% CAGR (2026–2035)
EV Sales Drive Demand
The IEA reported over 20 million global electric-car sales in 2025, up 20% year on year. SiC devices improve efficiency in traction inverters, onboard chargers and DC-DC converters, but adoption depends on cost and performance advantages over silicon alternatives.
Manufacturing Investments Reshape Supply
Bosch’s planned USD 2 billion U.S. investment received up to USD 225 million in CHIPS Act incentives. STMicroelectronics is developing a €5 billion SiC campus in Italy, supported by approximately €2 billion in state aid. Wolfspeed also announced a conditional USD 1.5 billion, 30-year financing commitment in October 2026. These developments highlight supply-chain expansion, though announced funding does not guarantee completed capacity or production.
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India’s SiC Manufacturing and Grid Opportunities
India’s semiconductor incentives support eligible compound-semiconductor projects. RIR Power Electronics has been developing a ₹618 crore SiC facility in Odisha, targeting 750 epitaxial wafers by December 2026 and 20,000 by end-2027. These remain targets, not confirmed output. SiC MOSFET modules for HVDC systems could also create opportunities in grid infrastructure and power conversion, subject to qualification and procurement.
AI Data Centers and Industrial Demand
AI data centers, renewable energy, industrial drives and fast-charging systems offer growth opportunities. However, SiC competes with silicon and gallium nitride, depending on voltage, switching frequency and cost. Suppliers should prioritize validated customer demand and design wins.
Manufacturing Costs and Investment Risks
High capital costs, substrate prices and yield challenges remain barriers. Moving to 200 mm wafers could improve economics, but returns depend on defect rates, usable die output and equipment utilization. Manufacturers must balance capacity expansion against confirmed orders.
Conclusion
Power SiC growth offers opportunities across automotive, industrial, energy and grid applications. Success will depend on competitive production costs, qualified products and sustained customer demand.
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