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India Silicon Carbide (SiC) Market – Industry Trends, Share, Scope, Growth, and Forecast (2025–2035)

Introduction

Silicon carbide (SiC) is a wide-bandgap semiconductor and high-performance ceramic material widely used in two broad product groups: (a) SiC semiconductor devices and wafers (power electronics, high-temperature / high-voltage applications), and (b) technical SiC materials (abrasives, refractories, ceramics, thermal management). India’s SiC market encompasses both upstream material production (black/green SiC powders, SiC substrates/wafers) and downstream device & module manufacturing for electric vehicles (EVs), renewable energy inverters, industrial drives, and high-efficiency power supplies.

  • The India silicon carbide (SiC) market size was valued at USD 45.81 million in 2024 and is expected to reach USD 104.07 million by 2032, at a CAGR of 10.8% during the forecast period
  • The market growth is largely fuelled by the increasing demand for energy-efficient power electronics, expansion of the electric vehicle (EV) sector, and the rising adoption of renewable energy technologies
  • The ongoing advancements in semiconductor fabrication and the increasing presence of global and domestic players in India's power electronics market are further accelerating the adoption of SiC materials across automotive, aerospace, and industrial applications

 Download Full Report Here: https://www.databridgemarketresearch.com/reports/india-silicon-carbide-market

 Executive summary (key takeaways)

  • India’s SiC market is in a formative but accelerating phase — multiple market studies estimate a small but fast-growing domestic market (tens of millions USD today) with projected double-digit growth as EVs, renewables and domestic semiconductor manufacturing investments ramp up. Data Bridge Market Research+1

  • Demand drivers are: EV powertrains and chargers, renewable energy inverters, industrial motor drives, and government initiatives to onshore compound semiconductor manufacturing. Global SiC adoption trends strengthen India’s case. McKinsey & Company+1

  • Strategic investments and government support (recent announced SiC/compound semiconductor projects and greenfield fab initiatives) are catalyzing local capability development for SiC devices and wafers. The Economic Times+1

     Market overview & recent size estimates

Market research providers place the India SiC market (materials + devices) in the range of roughly USD 40–50 million (2024), with forecasts projecting strong growth into the next decade as local demand and some domestic manufacturing capacity scale up. Specific published forecasts vary by scope (materials vs wafers vs devices) and methodology; for example one India-focused study values the market at ~USD 45.8M (2024) with a forecasted CAGR in the low-to-mid teens. Data Bridge Market Research+1

Globally, the SiC market is growing rapidly (global SiC materials and devices markets are valued in the multi-billion USD range), driven by electrification and power-electronics modernization — this global momentum amplifies India’s growth opportunity. Grand View Research

 Key market drivers (why India now)

  1. EV adoption & chargers — SiC MOSFETs and diodes give higher efficiency, smaller inverters, and faster charging; as India pushes electrification, demand for SiC devices in traction inverters and fast chargers will rise. Global analyses identify EV growth as a primary driver for SiC demand. McKinsey & Company+1

  2. Renewable energy & storage — SiC power electronics enable higher efficiency in PV inverters and battery-storage converters, improving system economics in utility and distributed applications. Grand View Research

  3. Domestic semiconductor policy & onshoring — India’s semiconductor initiatives and recent approvals/announcements for SiC/compound semiconductor projects create government and private incentives to build local capacity for wafers and device packaging. Recent project approvals and investments in Odisha and elsewhere signal strategic momentum. The Economic Times+1

  4. Industrial electrification & efficiency — growth in EV charging infrastructure, industrial motor drives and rail traction modernization increases the installed base of power electronics benefiting SiC adoption.

  5. Materials substitution & advanced manufacturing — India’s materials industry (abrasives, refractories) already uses technical SiC; expansion into higher-value SiC wafer/device value chains is a natural industrial evolution.

 Market segmentation (product & application)

By product type

  • Technical SiC materials: black SiC (carborundum), green SiC (F-grade), sintered SiC ceramics, SiC fibers — used in abrasives, refractories, high-temperature ceramics, thermal management.

  • SiC wafers & substrates: bulk 4H-SiC boules, sliced & polished wafers for device fabrication.

  • SiC semiconductor devices/modules: discrete Schottky diodes, SiC MOSFETs, modules for inverters, chargers, traction systems.

  • SiC components & assemblies: power modules, packaging, heat-spreader assemblies.

By application

  • Electric vehicle traction inverters & onboard chargers

  • Fast DC chargers (EV charging infrastructure)

  • Solar PV inverters & battery inverters

  • Industrial motor drives, rail traction converters

  • High-temperature / harsh-environment electronics, aerospace & defense

  • Abrasives, refractories, and ceramic parts for industrial uses

 Regional and supply-chain context in India

  • Materials & abrasives: India has an established market for technical SiC (abrasives and refractories) with local producers and import activity. These industries form the upstream raw-material base that can support higher-value SiC production. Data Bridge Market Research

  • Wafers / device fabs: commercial SiC wafer and device manufacturing is nascent in India — recent government-backed and private projects aim to build fab capability (announcements in Odisha and other states). These moves are strategic: they shift value capture from imports to domestic manufacturing and support EV/defense/renewables use cases locally. The Economic Times+1

  • Ecosystem gaps: epitaxial growth, cleanroom device fabrication, packaging, and qualified supply chains for high-reliability modules are still limited and will require multi-year capital investments and technology partnerships.

 Competitive landscape — domestic & international players

  • Global leaders in SiC wafers & devices (Wolfspeed, II-VI/Coherent, STMicroelectronics, Infineon, Rohm, Resonac) dominate wafer supply and device IP; India is primarily an importer of high-end SiC wafers/devices today. Mordor Intelligence+1

  • Indian players & materials suppliers: domestic firms active in technical SiC and abrasives (regional silicon carbide and refractory manufacturers) supply materials and may move into higher value chains. Market databases list Indian entities involved in SiC materials and abrasives. Data Bridge Market Research+1

  • New domestic entrants / projects: recent news highlight new investments to set up SiC semiconductor capability (RIR Power Electronics, SiCSem collaborations), plus allied initiatives under India’s semiconductor mission — these will reshape the supplier map if implemented at scale. The Economic Times+1

 Market dynamics — opportunities & constraints

Opportunities

  • Localization for EV supply chains: Indian OEMs and tier-1 suppliers will prefer local sources as SiC device supply becomes mission-critical for EV cost & performance. McKinsey & Company

  • Value capture beyond materials: moving up from abrasives to epitaxy, wafer slicing, and device packaging yields larger margins and technology spillovers.

  • R&D & partnerships: collaborations with international SiC expertise and licensing agreements can accelerate domestic capability building — government incentives make this financially attractive. The Times of India

Constraints / risks

  • High capital intensity & technology barrier: SiC wafer/device fabs require specialized equipment (epitaxy, CMP, lithography) and process know-how.

  • Supply-chain dependence: critical inputs (high-purity precursors, epitaxial equipment, toolsets) are currently dominated by a few global suppliers.

  • Time-to-market & skilled talent: fabricating reliable SiC devices takes time; talent shortage in compound-semiconductor process engineering could slow progress.

  • Market timing risk: broad adoption of SiC in some segments depends on EV & inverter OEM procurement cycles — mismatch in timing between demand and local supply could lead to underutilized fabs.

 Market outlook & forecast drivers (2025–2035)

  • Short term (2025–2027): India’s SiC market growth will be driven by increased imports of SiC devices for EVs and converters and by expanding use of technical SiC in industrial applications; domestic wafer/device manufacturing projects remain commissioning-stage. Data Bridge Market Research+1

  • Medium term (2028–2032): if announced fabs and investment projects are realized, domestic production of SiC wafers/modules will ramp, reducing import dependence and supporting local EV/renewables supply chains. Market value could expand multiple-fold compared with current base, with material and device segments both growing. The Times of India+1

  • Long term (2033–2035): India could host parts of the SiC value chain (substrates, packaging, modules) and capture a larger share of regional demand in South Asia and the Middle East—provided sustained policy support, quality standards, and industrial partnerships.

Published India market forecasts vary by source; one India-focused report shows a 2025–2032 CAGR ~10–12% for the India SiC market (materials + devices) depending on scope and assumptions. Stakeholders should treat single forecasts as indicative and model multiple scenarios. Data Bridge Market Research+1

 Regulatory & policy environment

  • India’s semiconductor mission and incentives for electronics/compound semiconductor manufacturing are central enablers for SiC fabs and upstream investment. Recent Union Cabinet approvals for semiconductor projects show political support for onshoring advanced semiconductor capabilities. The Times of India

  • Standards, test labs and quality certification (for high-reliability automotive grade SiC components) will be essential; India will need to align testing and qualification frameworks with global automotive and industrial standa"