Power semiconductors market size worldwide 2017-2025, by material
In 2019, the global power semiconductors market was valued at 186.16 billion U.S. dollars, of which 174.35 billion U.S. dollars was generated through sales of silicon (Si) power semiconductors. Silicon carbide (SiC) devices accounted for just 3.1 billion U.S. dollars worth of the power semiconductor market in 2019. A power semiconductor is a semiconductor device used as a switch in power electronics and can also be known as a power device.