The paper is intended to give an overview of the status of SiC power devices with a focus on industrial applications. Developments intended for military applications, high frequency systems or integrated circuits will not be addressed. After being implemented in power supplies, SiC‐based devices were able to enter motor‐drive applications as well. This was made possible by considerable progress in the power rating of the devices. Performance and cost issues will be discussed in order to explain why the SiC market is developing more slowly than several market analyses have predicted so far. However, it will also be shown that SiC has gained a solid position in power electronics. For a deeper penetration of SiC‐based components into applications, the key issue is to justify the higher cost of SiC devices by working out system advantages such as a higher efficiency and cost‐saving potentials as well. A special discussion will be related to the issue of a suitable device structure for transistors. Related to this question, topics like MOSFET and JFET will be mentioned. Pros and cons of switches as well as the field of high‐voltage SiC devices will be highlighted and a short guide to decide whether the use of SiC components could be useful or not in certain applications will be given. (© 2008 WILEY‐VCH Verlag GmbH & Co. KGaA, Weinheim)