The India Silicon Carbide Market Size was estimated at 65.34 (USD Million) in 2023. The India Silicon Carbide Market Industry is expected to grow from 68.31 (USD Million) in 2024 to 238.8 (USD Million) by 2035. The India Silicon Carbide Market CAGR (growth rate) is expected to be around 12.05% during the forecast period (2025 - 2035).
The India Silicon Carbide Market is currently experiencing significant growth driven by several key market drivers. One of the most important drivers is the increasing demand for high-performance semiconductor materials, particularly in the automotive and renewable energy sectors. The Indian government's push for electric vehicles and sustainable energy solutions has further catalyzed the adoption of silicon carbide in power electronics, leading to greater efficiencies and reduced energy losses.
Additionally, the growing focus on energy conservation and the implementation of stringent environmental regulations are boosting the need for advanced materials like silicon carbide that can operate at high temperatures and voltages.
In the Indian silicon carbide market, possibilities abound for collaboration between local manufacturers and international players to bolster production capacity and sharpen technology know-how. In addition, the Production Linked Incentive (PLI) scheme highlights the Government of India's efforts to strengthen the semiconductor ecosystem, which is beneficial for both new and existing stakeholders within this sector.
Moreover, growing investments in the research and development of power electronics and materials science present a significant opportunity for innovation geared toward the advancement of silicon carbide applications. Recent trends also illustrate a greater shift towards electric vehicle adoption by consumers and manufacturers within India, which is bound to affect the silicon carbide market significantly. Companies are exploring silicon carbide's advantages in enhancing battery performance, which directly correlates to the growth of the electric vehicle segment. The increasing awareness of the benefits of silicon carbide over traditional materials is also leading to its wider acceptance in various applications.
As demand continues to rise, the potential for establishing India as a regional hub for silicon carbide manufacturing and technology development remains strong, shaping the future of this vital market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The demand for electric vehicles (EVs) in India is on the rise, thanks to government initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme. The Ministry of Heavy Industries and Public Enterprises reported a significant increase in EV registrations, reaching over 1.56 million units in recent years.
With the rapid transition towards clean energy and sustainability, the India Silicon Carbide Market Industry is poised to benefit from this shift, as silicon carbide is increasingly utilized in power devices for EV applications. Organizations like Tata Motors and Mahindra Electric are leading the charge in EV manufacturing, amplifying the need for efficient power electronics, where silicon carbide plays a critical role, contributing to lower energy loss and increased performance.
India's commitment to achieving 500 GW of renewable energy capacity by 2030, as outlined by the Ministry of New and Renewable Energy, is driving substantial growth in the India Silicon Carbide Market Industry. Silicon carbide is crucial for the development of advanced semiconductor materials, which enhance the efficiency of renewable energy systems such as solar inverters and wind turbine converters.
As the Indian government actively promotes solar and wind energy projects through various incentives, established companies like Reliance Industries and Adani Green Energy are investing heavily in silicon carbide technology to optimize their renewable energy output, further bolstering market growth.
The semiconductor industry in India is experiencing considerable growth, spurred by initiatives such as the Production-Linked Incentive (PLI) scheme introduced by the Indian government. This initiative aims to enhance domestic semiconductor manufacturing and reduce dependence on imports.
As per the Ministry of Electronics and Information Technology, India targets to achieve a semiconductor manufacturing capability of 28nm technology nodes and below. Silicon carbide plays a crucial role due to its superior thermal conductivity and high voltage tolerance, which is essential for modern applications.
Established firms like Intel and Qualcomm have stated plans to establish chip manufacturing facilities in India, thereby urging the India Silicon Carbide Market Industry to evolve further with an increase in demand for semiconductor-grade silicon carbide.
Technological innovations in power electronics are paving the way for the growth of the India Silicon Carbide Market. According to the National Institute of Technology, developments in power electronic devices employing silicon carbide can achieve greater efficiency and higher operational temperatures compared to traditional silicon-based counterparts.
This is particularly relevant in applications such as industrial drives, power converters, and renewable energy systems. Companies like Infineon Technologies are aggressively investing in Research and Development to enhance silicon carbide technology, driving competitiveness within the India Silicon Carbide Market Industry. The push for higher performance drives the need for silicon carbide components, consequently propelling market growth.
The India Silicon Carbide Market is diversely categorized, with Product Type serving as a crucial segment that encompasses various forms of silicon carbide, predominantly Black Silicon Carbide and Green Silicon Carbide. Black Silicon Carbide is known for its excellent hardness, high thermal conductivity, and superior resistance to wear and oxidation, making it highly sought after in industries such as abrasives, ceramics, and refractory materials.
This type is predominantly utilized in grinding wheels, sandpaper, and various abrasive tools, underscoring its vital role in manufacturing and construction industries, particularly in India, where infrastructural advancements continue to thrive. On the other hand, Green Silicon Carbide, recognized for its purity and superior strength, has carved a niche in high-performance applications.
It is primarily used in the production of advanced ceramics and abrasives while also showing its significance in semiconductor applications due to its wide bandgap properties, which make it suitable for high-temperature and high-voltage electronics. The growing focus on clean energy technologies, particularly in India’s push towards renewable energy, positions Green Silicon Carbide as a critical component in the manufacturing of power electronics, which are integral to solar energy systems and electric vehicles. The Indian government’s initiatives to enhance manufacturing capabilities and support innovative technologies further bolster the importance of these Product Types in the Silicon Carbide Market. As the country strives to become a global manufacturing hub, the demand for both Black and Green Silicon Carbide is expected to grow, fueled by sectors such as automotive, aerospace, and electronics, thereby driving significant market growth. The shift towards sustainability and environmentally friendly products also positions these types favorably as industries worldwide pursue greener alternatives. Overall, the dynamics around Black and Green Silicon Carbide highlight their critical contribution to the overall landscape of the India Silicon Carbide Market, with continued advancements likely to further enhance their market presence and application scope.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Application segment of the India Silicon Carbide Market plays a crucial role in various industries, significantly impacting both growth and technological advancement. The demand for silicon carbide in the Steel and Energy sector is increasing due to its superior thermal conductivity and strength, which are vital for high-temperature applications.
In the Automotive industry, the push towards electric vehicles has heightened the need for efficient power electronics that enhance overall vehicle performance. The Aerospace and Aviation sector benefits from silicon carbide's lightweight and durable properties, making it essential for high-performance components.
In Military and Defense, the material's ability to withstand extreme conditions makes it suitable for various applications such as armor and sensors. The Electronics and Semiconductors industry is experiencing growth as silicon carbide facilitates faster and more efficient electronic devices, catering to the increasing demand for advancements in technology. Lastly, the medical and healthcare field is leveraging silicon carbide's biocompatibility for various applications, from imaging to prosthetics. Overall, these segments reflect a strong inclination towards adopting silicon carbide, driven by technological innovations and energy efficiency targets set by government initiatives in India.
The India Silicon Carbide Market is evolving rapidly, driven by a surge in demand for efficient and high-performance semiconductor materials. The competitive landscape in this sector is marked by several key players who are leveraging technological advancements to cater to diverse applications such as electric vehicles, renewable energy systems, and industrial machinery. Companies are strategically positioning themselves by investing in research and development to innovate silicon carbide solutions that meet the growing needs for reduced energy consumption and increased device efficiency. Furthermore, heightened awareness regarding sustainability and the push for greener technologies are fostering an environment where silicon carbide can thrive, making it a competitive battleground for existing and new entrants to capture market share.
On Semiconductor stands out in the Indian Silicon Carbide Market due to its robust product offerings and commitment to innovation. The company's strategic focus on the development of silicon carbide devices caters to various industries, including automotive, industrial, and telecommunications. This has solidified its position as a key player in the semiconductor landscape. On Semiconductor benefits from its cutting-edge manufacturing processes, enabling it to produce high-quality silicon carbide products that offer superior performance and reliability. With a strong emphasis on customer collaboration, the company has established a significant presence in India, partnering with local industries to drive the adoption of its technologies while enhancing supply chain efficiencies. The strength of On Semiconductor in the market is also attributed to its extensive distribution network and technical expertise, allowing it to respond rapidly to market needs and foster long-term relationships with clients.
Mitsubishi Chemical holds a substantial position in the India Silicon Carbide Market through its diversified portfolio and strategic initiatives aimed at enhancing its market presence. The company is recognized for its innovative approaches and high-performance silicon carbide materials, which serve various applications, including power electronics, automotive systems, and renewable energy. Mitsubishi Chemical's strengths lie in its comprehensive research and development capabilities, which enable it to deliver cutting-edge solutions tailored to meet Indian market requirements. The company is actively involved in mergers and acquisitions, looking to integrate local companies that can bolster its capabilities and expand its reach within India. This strategic expansion enhances its competitive edge and fosters closer relationships with customers, facilitating the development of customized products that cater specifically to the needs of the Indian market. With a focus on sustainability, Mitsubishi Chemical is committed to providing eco-friendly silicon carbide solutions, further enhancing its reputation and market position.
In recent months, the India Silicon Carbide Market has witnessed significant developments, particularly driven by advances in semiconductor technologies. Companies such as On Semiconductor and Infineon Technologies have ramped up their operational capabilities in India to meet the growing demand for power-efficient devices.
In August 2023, Mitsubishi Chemical announced a strategic investment to enhance its production capacity for silicon carbide components in India, reflecting a growing trend in the regional market. Moreover, in July 2023, Dow Corning expanded its R&D facilities, focusing on silicon carbide applications for electric mobility and renewable energy sectors.
Power Integrations and Cree are also leveraging partnerships to innovate silicon carbide technologies, catering to the automotive and electronics industries. Notably, SK Siltron has made strides towards increasing its market share, providing advanced materials for next-generation semiconductors.
While sector growth has been impressive, there have been no major mergers or acquisitions reported among the companies within this space in India recently. The overall valuation of the India Silicon Carbide Market is witnessing a positive trajectory, indicating increased investment and development activity that is crucial for the country’s ambitions in the semiconductor sector.
| Report Attribute/Metric | Details |
| Market Size 2023 | 65.34 (USD Million) |
| Market Size 2024 | 68.31 (USD Million) |
| Market Size 2035 | 238.8 (USD Million) |
| Compound Annual Growth Rate (CAGR) | 12.05% (2025 - 2035) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Million |
| Key Companies Profiled | On Semiconductor, Mitsubishi Chemical, Norstel, Cree, Infineon Technologies, Power Integrations, STMicroelectronics, Borosil Glass Works, Dow Corning, ROHM Co, Transphorm, Nexorizon Technologies, SK Siltron, Saint Gobain |
| Segments Covered | Product Type, Application |
| Key Market Opportunities | Growing electric vehicle adoption, Rising demand for renewable energy, Expanding semiconductor applications, Increased focus on energy efficiency, and Advancements in power electronics technology. |
| Key Market Dynamics | Growing demand for electric vehicles, rising semiconductor applications, increased focus on energy efficiency, expansion of renewable energy sector, advancements in power electronics technology |
| Countries Covered | India |
Frequently Asked Questions (FAQ) :
The projected market size of the India Silicon Carbide Market in 2024 is valued at 68.31 million USD.
By 2035, the India Silicon Carbide Market is expected to reach a valuation of 238.8 million USD.
The expected CAGR for the India Silicon Carbide Market from 2025 to 2035 is 12.05%.
In 2024, Black Silicon Carbide is expected to be valued at 27.32 million USD, while Green Silicon Carbide is projected to be valued at 40.99 million USD.
By 2035, Black Silicon Carbide is expected to reach 95.08 million USD, and Green Silicon Carbide is projected to reach 143.72 million USD.
Some major players in the India Silicon Carbide Market include On Semiconductor, Mitsubishi Chemical, and Cree.
The primary applications driving growth in the India Silicon Carbide Market include power electronics and semiconductor devices.
Regional demand across India is increasing due to growing industrial applications and advancements in technology.
Challenges in the India Silicon Carbide Market include high manufacturing costs and the need for technological advancements.
The anticipated CAGR of 12.05% from 2025 to 2035 indicates significant growth potential in the India Silicon Carbide Market.
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Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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