In the power supply sector, SiC is crucial in industrial supplies and smart grids. It boosts efficiency and compactness in motor drives and precision equipment due to its high thermal conductivity and fast switching, cutting energy loss. In smart grids, SiC is vital for advancing solid-state transformers and flexible AC/DC transmission, enhancing efficiency and grid stability with its superior thermal and electronic traits. The power supply sector increased with a CAGR of 8.0% from 2020 to 2024 and is expected to grow at a CAGR of 27.0% from 2025 to 2029. Driven by the significant demand from new infrastructure industries, the penetration rate is on the rise, from 4.2% in 2024, and is projected to reach 12.3% in 2029.
