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Silicon carbide substrate costs falling as larger diameters adopted

Five companies control the SiC power market - Evertiq expo Sophia A

The global power SiC device market is forcasted to grow to about USD 9 billion by 2028, a 31% increase over 2022, according to the 2023 edition of Yole Intelligence s Power SiC Report. While automotive applications dominate the SiC market, other applications such industrial, energy, and rail are adding to its growth momentum.

Five companies control the SiC power market

The global power SiC device market is forcasted to grow to about USD 9 billion by 2028, a 31% increase over 2022, according to the 2023 edition of Yole Intelligence s Power SiC Report. While automotive applications dominate the SiC market, other applications such industrial, energy, and rail are adding to its growth momentum.

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