Silicon carbide (SiC) MOSFETs market size is $2.3 billion in 2024 and is anticipated to reach $47.2 billion in 2035, growing at a CAGR of 31.8% during the forecast period (2025-2035). Renewable energy integration is driving market growth, and SiC MOSFETs are increasingly being employed in power optimizers and inverters owing to their high efficiency and high voltage ratings. According to the International Energy Agency (IEA), between 2024 and 2030, global annual renewable capacity additions are expected to increase from 666 GW to almost 935 GW, with solar PV and wind accounting for 95%, as they have lower generation costs and with favorable policies.
Browse the full report description of “Silicon Carbide (SiC) MOSFETs Market Size, Share & Trends Analysis Report by Voltage (? 650V, 650V – 1200V, 1200V – 1700V, and ? 1700V), by Application (Electric Vehicles (EVs) & Charging Infrastructure, Renewable Energy (Solar & Wind Power Inverters), Power Supplies & Industrial Applications, Rail & Transportation, Aerospace & Defense, and Others), and by Distribution Channel (Direct Sales, and Distributors & Online Sales) Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/silicon-carbide-mosfets-market
Hydropower is additionally expected to contribute 20-30 GW per year, particularly in developing and emerging economies in Africa, while other renewables and bioenergy can achieve about 12 GW by 2030. As a whole, the renewable capacity is projected to increase by more than 5,520 GW during this time, surpassing that of 2017-2023 significantly, with solar PV development more than doubling and accounting for nearly 80% of worldwide renewable electricity growth.
Furthermore, according to the Government of India, in January 2025, it was estimated that capacity from non-fossil fuel-based energy stood at 217.62 GW in 2024, with a record of 24.5 GW solar and 3.4 GW wind installations and a 21% increase in wind installations from 2023. The upsurge was fueled by policy reforms, government incentives, and rising domestic investments. Solar power comprised 47% of installed capacity.
Market Coverage
• The market numbers available for 2024-2035
• Base year- 2024
• Forecast period- 2025-2035
• Segment Covered-
o By Voltage
o By Application
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape - Infineon Technologies AG, Microchip Technology Inc., Nexperia, ROHM Co., Ltd., and STMicroelectronics International N.V., among others.
Key questions addressed by the report.
Global Silicon Carbide (SiC) MOSFETs Market Report Segment
By Voltage
By Application
By Distribution Channel
Global Silicon Carbide (SiC) MOSFETs Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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