Download Sample, Emerging Adoption of SiC Diodes for Renewable Energy Applications is Driving the Market Expansion
Silicon carbide (SiC) based power semiconductor switches have resulted in a significant improvement in the performance of power electronics converter systems owing to their better characteristics compared to silicon (Si) based switches. These systems using SiC power devices are more compact, lighter, and more efficient, making them suited for high-voltage power electronics applications thus driving the demand for the market development. However, with the growing inclination towards sustainability, there is an increasing need for responsible power generation. Solar power is one of the most rapidly expanding consumer and industrial options. In most cases, silicon carbide devices enable solar power systems to achieve 98% efficiency while reducing inverter size and total cost of ownership.
These converters can also work at higher frequencies, which reduces the size and cost of the magnetic components needed, lowering the overall system cost. Therefore, manufacturers are focusing on creating solutions that promote the use of renewable energy. Wolfspeed, a Cree Company, introduced the C5D 1700V SiC Schottky diode in January 2019. It was intended for renewable energy, industrial power, and electric car charging applications such as solar power and wind turbine inverters, off-board chargers, and uninterruptible power supply (UPS). Due to merely zero reverse recovery and the industry's lowest forward voltage drop, Wolfspeed's new Schottky diodes feature virtually no switching losses. This results in higher efficiencies and systems that are smaller, cooler, quicker, and less expensive than those attainable with silicon (Si) bipolar devices.
These converters can also work at higher frequencies, which reduces the size and cost of the magnetic components needed, lowering the overall system cost. Therefore, manufacturers are focusing on creating solutions that promote the use of renewable energy. Wolfspeed, a Cree Company, introduced the C5D 1700V SiC Schottky diode in January 2019. It was intended for renewable energy, industrial power, and electric car charging applications such as solar power and wind turbine inverters, off-board chargers, and uninterruptible power supply (UPS). Due to merely zero reverse recovery and the industry's lowest forward voltage drop, Wolfspeed's new Schottky diodes feature virtually no switching losses. This results in higher efficiencies and systems that are smaller, cooler, quicker, and less expensive than those attainable with silicon (Si) bipolar devices.
The Growing Demand for Electric Vehicles is Propelling the Market Forward
The complexity, quantity, and usefulness of electronic modules are increasing in parallel with the ongoing progress of vehicle electrification. The surge in the adoption of advanced driver assistance systems is meeting the need for semiconductors in the automobile sector, as sales of discrete semiconductors such as diodes, thyristors, and varistors ascend. Additionally, the electric vehicle category is anticipated to be the fastest expanding and to occupy a major proportion of the global silicon carbide (SiC) diodes market during the forecast period. Silicon carbide (SiC) diodes are a new semiconductor material that allows power devices to operate at high switching frequencies while experiencing decreased losses and temperatures. This increases the demand for electric automobiles. The growing usage of silicon carbide-based diodes in industrial and commercial motor drives, electromechanical computer systems, and high-temperature applications is boosting the demand for silicon carbide (SiC) diodes in electric vehicles. All of these reasons are increasing demand for SiC Diode solutions and driving market expansion.
Recent Trends in the SiC Diodes Industry
- Growing demand for electric vehicles boosts SiC diode adoption.
- Increased focus on renewable energy drives SiC diode deployment.
- Advancements in power electronics fuel SiC diode market expansion.
- Expansion of smart grid infrastructure boosts SiC diode demand.
- Integration of SiC diodes in industrial automation enhances productivity.
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New Product Launches and Partnerships are Providing Traction to the Market Development
Major industry players are concentrating their efforts on R&D in order to create innovative products that will complement their existing product offerings. They are also strengthening their market position through a variety of market initiatives, including product launches, mergers, collaborations, and acquisitions. For instance, in April 2023, Nexperia introduced a 650 V Silicon Carbide (SiC) Schottky diode designed for power applications that require ultra-high performance, low loss, and high efficiency. The 10 A, 650 V SiC Schottky diode is an industrial-grade part that addresses the challenges of demanding high voltage and high current applications.
Later in March 2023, Murata Power Solutions employed ROHM's high-performance silicon carbide (SiC) Schottky Barrier Diodes (SBD) to boost performance and reduce the size of Power Supply Units (PSUs) for data center applications. The SCS308AH SiC SBDs from ROHM provide a high surge resistance and a short recovery time, enabling high-speed switching Furthermore, Diodes Incorporated (Diodes) announced the introduction of its first Silicon Carbide (SiC) Schottky barrier diodes (SBD) in January 2023. The portfolio comprises the DIODESTM DSCxxA065 series, which has eleven 650V (4A, 6A, 8A, and 10A) products, and the DIODESTM DSCxx120 series, which has eight 1200V (2A, 5A, and 10A) products.
Later in March 2023, Murata Power Solutions employed ROHM's high-performance silicon carbide (SiC) Schottky Barrier Diodes (SBD) to boost performance and reduce the size of Power Supply Units (PSUs) for data center applications. The SCS308AH SiC SBDs from ROHM provide a high surge resistance and a short recovery time, enabling high-speed switching Furthermore, Diodes Incorporated (Diodes) announced the introduction of its first Silicon Carbide (SiC) Schottky barrier diodes (SBD) in January 2023. The portfolio comprises the DIODESTM DSCxxA065 series, which has eleven 650V (4A, 6A, 8A, and 10A) products, and the DIODESTM DSCxx120 series, which has eight 1200V (2A, 5A, and 10A) products.
Shortage of Raw Materials is Likely to be a Challenge for the Market Growth
SiC diodes are utilized in high-power, high-current applications such as power electronics, motor control, and automotive applications. SiC Power MPS Diodes are well-known for their low forward voltage drop, quick switching speeds, and low losses, which make them excellent for high-efficiency power conversion applications. However, apart from the various advantages offered by SiC diodes, there are a few constraints associated with them that are anticipated to impede market growth. For example, shortage of raw materials, disruptions in the supply chain, and declining demand from end users are also anticipated to negatively impact the market growth for SiC diodes over the forecast period.
Infineon Technologies, STMicroelectronics, ROHM Semiconductors, Cree, Inc., Microchip Technology Inc., ON Semiconductor, CALY Technologies, WeEn Semiconductors, Littlefuse, Inc., United Silicon Carbide Inc. are some of the prominent market players operating in the global SiC diodes market.
Infineon Technologies, STMicroelectronics, ROHM Semiconductors, Cree, Inc., Microchip Technology Inc., ON Semiconductor, CALY Technologies, WeEn Semiconductors, Littlefuse, Inc., United Silicon Carbide Inc. are some of the prominent market players operating in the global SiC diodes market.
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Rising Adoption of Electronic Devices and Government Initiatives are Accelerating the Market Expansion
North America is anticipated to hold a significant share of the SiC diode market owing to the high adoption of electronic devices in the region. Additionally, the high spending capacity of the customers in this region is also driving the demand for SiC diodes in the market. In addition, the presence of several manufacturers boosts competition and encourages innovation, allowing this region to employ SiC diodes on a big scale in a variety of electronics/machine equipment. Besides, this region is also witnessing an increase in the usage of electric vehicles, which will help the SiC industry flourish.
Furthermore, Asia Pacific is also anticipated to witness substantial growth in the SiC diode market during the forecast period. This growth can be attributed to the increased demand from countries such as Japan, China, South Korea, and India. In addition, Asia Pacific is also considered one of the largest manufacturers and users of consumer electronics. The growing popularity of electric vehicles in this region is anticipated to propel the market growth. Besides this, the increasing demand for SiC diodes in the Europe region, owing to the various initiatives taken by the government to promote the adoption of electric vehicles is driving the market growth in Europe over the forecast period.
Furthermore, Asia Pacific is also anticipated to witness substantial growth in the SiC diode market during the forecast period. This growth can be attributed to the increased demand from countries such as Japan, China, South Korea, and India. In addition, Asia Pacific is also considered one of the largest manufacturers and users of consumer electronics. The growing popularity of electric vehicles in this region is anticipated to propel the market growth. Besides this, the increasing demand for SiC diodes in the Europe region, owing to the various initiatives taken by the government to promote the adoption of electric vehicles is driving the market growth in Europe over the forecast period.
The report provides a detailed overview of the SiC diodes market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the SiC diodes market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the SiC diodes market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the SiC diodes market. Some key countries and regions included in the SiC diodes market report are as follows:
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Belgium, Sweden, Austria, Norway, Denmark, Finland, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Thailand, Vietnam, Philippines, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Kenya, Rest of MEA |
SiC Diodes Market Research Report Covers In-depth Analysis on:
- SiC diodes market detailed segments and segment-wise market breakdown
- SiC diodes market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in SiC diodes industry)
- Current, historical, and forthcoming 10 years market valuation in terms of SiC diodes market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- SiC diodes market demand analysis
- SiC diodes market pricing analysis over the forecast period (by key segment and by region)
- SiC diodes market regional insights with the region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the SiC diodes market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in SiC diodes market
- SiC diodes market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on SiC diodes market forecast by countries
- Mergers and acquisitions in the SiC diodes market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What factors are driving the growth of the SiC diodes market?
The SiC diodes market is growing due to increasing demand for energy-efficient power electronics, rising adoption in electric vehicles, and advancements in high-temperature and high-voltage applications across industrial and automotive sectors.
Which regions dominate the SiC diodes market?
The market is dominated by regions with strong semiconductor manufacturing capabilities, high demand for energy-efficient power solutions, and rapid electric vehicle adoption, such as North America, Europe, and parts of Asia-Pacific.
What is the future outlook for the SiC diodes market?
The future of the SiC diodes market looks promising, with growing investments in advanced semiconductor technologies, increasing use in power electronics, and expanding applications across electric vehicles, grid infrastructure, and industrial automation.
