Lucintel's latest market report analyzed that SiC based power electronics and inverter provides attractive opportunities in the automotive, consumer electronics, IT & telecommunications, aerospace & defense and others market. The SiC based power electronics and inverter market is expected to reach $XX billion by 2028 with a CAGR of 21% to 23%. In this market, power electronics is the largest segment by type, whereas automotive is largest by end-use industry.
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Based on type, the SiC based power electronics and inverter market is segmented into power electronics and inverter. The power electronics segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to possess the capability of reducing energy loss while ensuring enhanced performance.
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The Sic Based Power Electronics and Inverter Market is marked by the presence of several big and small players. Some of the prominent players offering SiC based power electronics and inverter include STMicroelectronics, Cree., ON Semiconductor, ROHM, Infineon Technologies, NXP Semiconductor, ABB Group, Renesas Electronics, Fuji Electric.,Mitsubishi Electric.
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