Power Semiconductors Market Overview

The power semiconductor market is witnessing major growth during the ongoing forecast period of 2022-2030. The power semiconductor market is expected to grow USD 97.2 billion at a CAGR rate of 6.30% during the period owing to the growing incorporation of the advanced and wide adoption of technology especially in various consumer electronic products like smartphones and smartwatches, alongside others like IoT devices. As per the power semiconductors market research report, the global market for power semiconductors is anticipated to grow rapidly. As per analysts, the growth in the renewable energy sector along with increasing urbanization will drive the market growth throughout the forecast period. The power semiconductors market research report provides an in-depth analysis of the global power semiconductors market and its application, materials, region, and components segments. The fluctuations in the prices of raw material as well as environment related concerns are the factors which could affect the power semiconductors market growth during the forecast period 2017 to 2023. The power semiconductors market research report by expert analysts is intended to help companies in the power semiconductors market.

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Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for power semiconductors are primarily covered in the global power semiconductors market research report. The report also covers country-level markets spread across North America – the United States, Canada, and Mexico. In South America – Brazil and other country-level power semiconductors markets are covered in the report. In Asia-Pacific (APAC) region, the country-level power semiconductors markets covered are China, India, Japan, and others. The power semiconductors market research report also covers the regional market for power semiconductors spread across European countries including the United Kingdom, France, Italy, Spain, and Germany, etc. The power semiconductors market research report further explores other regional markets from the rest of the world including power semiconductors markets of the Middle East and Africa. As per the global power semiconductors market research report.

Market Segmentation

The global power semiconductors market has been segmented based on application, materials, region, and components. On the basis of material, the market for power semiconductors is segmented based on silicon carbide, GaN, silicon. Additionally, the market on the basis of application, is segmented into aerospace, automotive, consumer electronics, military, and industrial. The global market for power semiconductors is also covered based on the components segment which is further split into diode, inverter, power MOSFET, thyristor, and rectifier.

Key influences such as unorganized distribution channels could obstruct the power semiconductors market growth. However, as per the power semiconductors market research report, increasing demand across wind and solar power generation sectors as well as growing consumer electronics market will drive growth during the forecast period 2017 to 2023. These key growth factors will help support the power semiconductors market growth at a high CAGR. The segmental analysis of application, materials, region, and components segments as well as regional market analysis has been presented in the global power semiconductors market research report. Analysts studying the power semiconductors market have presented projections in the power semiconductors market research report assisting power semiconductors market-based companies in numerous ways. The power semiconductors market research report offers crucial details about the power semiconductors market based on the data and forecasts till 2023.

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Industry News

As part of its efforts to achieve a low-carbon society, Denso Corporation started mass production of its new booster power module with high-quality semiconduction silicon carbide (SiC) power semiconductors. This product is being used in the latest Mirai model from Toyota, the second generation that entered the market on 9 December 2020. For the application of SiC power semiconductors (diodes and transistors) to vehicle applications, Denso says it has developed its RE VOSIC technology. SiC is a half conductor material that is superior to traditional silicone in high-temperature, high frequency and high-voltage settings (Si).

Competitive Landscape

The rise in domestic income in emerging markets and the rise in the availability of wide band gap semiconductor products are expected to accelerate the power semiconductors market growth worldwide. The global power semiconductors market is set to witness challenges including limited growth, however, companies in the power semiconductors market will sustain the growth rate. The power semiconductors market research report also offers company profiles of key players operating in the power semiconductors market around the world. Additionally, the global power semiconductors market report provides detailed analysis of the market based on primary and secondary research data collected from the power semiconductors market’s key decision makers as well as stakeholders. The power semiconductors market research report covers all such factors assisting companies in the power semiconductors market to improve their plans and portfolio.

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Major Players:

Players leading the power semiconductors include Texas instruments Inc. (US), Infineon Technologies AG (Germany), ST Microelectronics (Switzerland), NXP Semiconductor (Netherlands), Qualcomm Inc.(US), Fairchild Semiconductor (US), Broadcom Limited (US), Renesas electronic corporation (Japan), Mitsubishi Electric Corporation (Japan), and Toshiba Corporation (Japan), among others.

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