Chan Ye Xin Xi Wang·2026-01-22 01:21Core Viewpoint - The silicon carbide (SiC) power device market is experiencing significant growth due to its superior characteristics such as lower conduction resistance, higher operating temperatures, and higher voltage capabilities, leading to increased applications in high-voltage and high-power sectors [1][7]. Market Overview - The global power semiconductor device market is projected to grow to 37.45 billion yuan by 2025, with the SiC power device market expected to reach 2.83 billion yuan, resulting in a market penetration rate of 7.56%. By 2026, the global power semiconductor market is anticipated to reach 40.78 billion yuan, with the SiC market growing to 3.88 billion yuan and a penetration rate of 9.51% [1][5][7]. Industry Definition and Classification - SiC power devices include SiC diodes, SiC switches, and SiC power modules, with various subcategories such as SBD diodes, PiN diodes, and SiC MOSFETs. SiC materials exhibit high thermal conductivity and can operate at high temperatures, making them suitable for extreme conditions [2][4]. Current Industry Status - The power device market is benefiting from the resurgence in consumer electronics demand and the growth of emerging applications such as automotive electronics, IoT, and AI. The SiC power device market has seen substantial growth, with a rise from 450 million yuan in 2020 to 2.83 billion yuan in 2025, and a penetration increase from 1.42% to 7.56% during the same period [4][7]. Industry Chain - The SiC power device industry chain consists of upstream materials like SiC epitaxial wafers and substrates, midstream production involving IDM and wafer foundries, and downstream applications in sectors such as photovoltaic power generation, electric vehicles, and smart grids [7][8]. Competitive Landscape - The global SiC power device market is characterized by a dual oligopoly of international giants and domestic leaders. Key international players include Rohm, Fuji Electric, and Infineon, while domestic companies like BASiC Semiconductor and Stada Semiconductor are gaining market share through vertical integration [8][9]. Future Outlook - The SiC power device sector is expected to continue evolving to meet increasing demands for cost efficiency and quality, with applications expanding in electric vehicles and renewable energy. The industry is focused on enhancing energy conversion efficiency and reliability while reducing costs [10].