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The North America Silicon Carbide (SiC) Market was valued at US$ 916 million in 2024 and is projected to reach US$ 1,838 million by 2030 growing at a Compound Annual Growth Rate (CAGR) of 12.3% during the forecast period (2024-2030). This growth is driven by accelerating demand from electric vehicles, renewable energy systems, and advanced power electronics applications where SiC’s superior thermal and electrical properties outperform traditional silicon.
As industries transition toward energy-efficient solutions, North America’s SiC market is witnessing fierce competition and rapid innovation. In this analysis, we profile the Top 10 Companies Dominating the Silicon Carbide Industry – semiconductor leaders and materials science innovators shaping North America’s technological future.
🔟 1. Wolfspeed, Inc.
Headquarters: Durham, North Carolina, USA
Key Products: SiC power devices, wafers, epitaxial materials
Wolfspeed leads the North American SiC market with vertically integrated manufacturing capabilities. The company operates the world’s largest SiC wafer fabrication facility and supplies nearly 60% of global SiC substrates.
Strategic Advantages:
- Pioneer in 200mm SiC wafer production
- $5 billion investment in new North Carolina fab (2024)
- Strategic partnerships with major automakers and semiconductor companies
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9️⃣ 2. ON Semiconductor
Headquarters: Phoenix, Arizona, USA
Key Products: SiC power modules, MOSFETs, diodes
ON Semiconductor has emerged as a major force in SiC power devices with complete solutions for automotive and industrial applications.
Key Strengths:
- $2.2 billion in SiC-related revenue (2024)
- End-to-end SiC manufacturing capabilities
- Long-term supply agreements with EV manufacturers
8️⃣ 3. II-VI Incorporated
Headquarters: Saxonburg, Pennsylvania, USA
Key Products: SiC substrates, power electronics materials
The combined entity after II-VI’s acquisition of Coherent commands significant market share in SiC substrates.
Competitive Advantages:
- Industry-leading defect density control
- Capacity expansion for 200mm wafers
- Strong defense and aerospace presence
7️⃣ 4. STMicroelectronics
Headquarters: Geneva, Switzerland (Major NA operations)
Key Products: SiC power devices, integrated solutions
STMicroelectronics has established itself as a key SiC supplier in North America through strategic investments.
Strategic Advantages:
- $4 billion SiC revenue target for 2030
- Dual sourcing strategy for SiC substrates
- Complete ecosystem from discrete devices to power modules
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North America Silicon Carbide (SiC) Market – View Detailed Report
6️⃣ 5. Infineon Technologies
Headquarters: Neubiberg, Germany (Major NA operations)
Key Products: CoolSiC™ power semiconductors
Infineon’s strong North American presence stems from its extensive SiC portfolio for automotive and industrial applications.
Key Strengths:
- Vertically integrated production
- $2 billion investment in SiC capacity expansion
- Technology leadership in 300mm SiC production
5️⃣ 6. ROHM Semiconductor
Headquarters: Kyoto, Japan (Major NA operations)
Key Products: SiC power devices, modules
ROHM has strategically positioned itself in the North American market through local engineering support.
Competitive Advantages:
- First company to mass-produce SiC MOSFETs (2010)
- Complete wafer-to-module solutions
- Strong focus on energy storage applications
4️⃣ 7. Microchip Technology
Headquarters: Chandler, Arizona, USA
Key Products: SiC power devices, digital control ICs
Microchip combines SiC solutions with its extensive mixed-signal portfolio for harsh environment applications.
Strategic Advantages:
- Specialized aerospace and defense solutions
- Innovative SiC + MCU integration
- Vertical integration through in-house testing
3️⃣ 8. GeneSiC Semiconductor
Headquarters: Dulles, Virginia, USA
Key Products: High-voltage SiC diodes, MOSFETs
GeneSiC focuses on high-performance SiC devices for extreme applications.
Key Strengths:
- Specialization in 10kV+ SiC devices
- Custom foundry services
- Strong clean energy infrastructure presence
2️⃣ 9. UnitedSiC
Headquarters: Princeton, New Jersey, USA
Key Products: SiC FETs, cascode solutions
UnitedSiC’s innovative cascode technology combines SiC and silicon advantages.
Competitive Advantages:
- Easy drop-in replacements for silicon solutions
- High-frequency performance
- Strong IP portfolio in packaging
1️⃣ 10. Powerex
Headquarters: Youngwood, Pennsylvania, USA
Key Products: Industrial SiC power modules
Powerex specializes in rugged SiC solutions for industrial applications.
Strategic Advantages:
- 30+ years of power module expertise
- Custom engineering services
- Strong rail and energy infrastructure presence
🔌 Market Outlook
The North American SiC market is at an inflection point with demand from EV charging infrastructure, renewable energy systems, and industrial automation creating unprecedented growth opportunities.
Key Market Trends:
- Accelerating transition from silicon to SiC in power electronics
- Expansion of 200mm wafer production capacity
- Vertical integration as key competitive advantage
- Growing importance of domestic supply chains
Read Full Report:
North America Silicon Carbide (SiC) Market – View Detailed Report
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