GMI Research analysis indicates that the Power Semiconductor Market is slated to register a single digit CAGR of 3.5% over the forecast period.

To have an edge over the competition by knowing the market dynamics and current trends of “Power Semiconductor Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

Growing adoption consumer electronics, increasing demands for energy-efficient devices, rising electrification of vehicles, and rapid adoption of power semiconductors in the telecommunication, electronics industry, automotive, pharmaceutical, and rail transportation sectors are the major factors expected to augment the growth of the power semiconductor market share. In addition, growing energy sector, increasing demand for energy sources such as tidal, solar, and photovoltaic and rising use of power semiconductors in efficient power management; conversion of the power in the power plant such as wind turbine and hydropower; and transmission of the power to the grid is anticipated to further accelerate the growth of the power semiconductor market size. Moreover, the annual global sales of semiconductors is expected to increase by 5.1 percent in 2020, followed by an increase of 8.4 percent in 2021, according to the World Semiconductor Trade Statistics (WSTS). This is expected to provide opportunities to the power semiconductor market growth.

Restraint in the Power Semiconductor Market

However, high manufacturing cost, complex design and integration process of power semiconductors is expected to restraint the growth of the market over the forecast period. Additionally, disruption in the supply chain and production activities of semiconductor components, chips, and fabrication plants due to the outbreak of COVID-19 is anticipated to hamper the growth of the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Component – Segment Analysis

Based on the component, the power integrated circuits segment is expected to grow substantially over the forecast period owing to their small size availability, lower power consumption, soldered joints elimination, high operating speed, greater ability of operating at extreme temperatures, and low cost production on semiconductor wafer.

Material – Segment Analysis

Based on the material, the silicon carbide segment is anticipated to account for a prominent market share over the forecast period. This can be attributed its advantages that includes very low switching losses, allowing higher switching frequencies, and operation at higher temperatures and at higher voltages compared to traditional silicon devices. The silicon carbide (SiC) power semiconductors are used for improving system performance in EV chargers, solar inverters, e-mobility devices, and motor drives, which further contributes to the market growth.

End-Use Industry – Segment Analysis

Based on the end-use industry, the automotive segment is projected to hold a significant share in the market owing to rise in the application of power semiconductors in power devices including energy storage, interior, thermal, powertrain, electric drive and power conversion, and chassis used in the electric vehicles. Additionally, according to the International Energy Agency (IEA), electric cars registered 2.1 million sales globally with 40% year-on-year increase and accounted for 2.6% of the global car sales in 2019, which is expected to support the market growth.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on region, Asia Pacific is anticipated to grow at a significant CAGR during the forecast period. This can be attributed to the growth in the automotive and consumer electronics sectors, and rising inclination toward the development of renewable energy power plants. Moreover, according to the Semiconductor Industry Association (SIA), China is one of the largest market for semiconductors globally and the annual sales of semiconductors in Asia-Pacific is increased by 5.3% in 2020. This will further propel the market growth.

Top Market Players

Several leading power semiconductor companies operating in the market, include, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Robert Bosch GmbH, Texas Instruments Incorporated, ON Semiconductor Corporation, Renesas Electronics Corporation, Broadcom Inc., Toshiba Corporation, and Cree Inc. among others. 

Key Developments: 

• • In 2020, ON Semiconductor announced the launch of NXH25C120L2C2, NXH35C120L2C2/2C2E, and NXH50C120L2C2E, which are 25, 35, and 50 Ampere versions of Transfer-Molded Power Integrated Modules (TM-PIM) for 1200 Volt (V) applications. This is expected to expand the company’s portfolio for industrial motor drive applications.

Segments covered in the Report:

The global Power Semiconductor Market has been segmented on the basis of component, material, end-use industry, and key regions. Based on component, the market is segmented into discrete, module, and power integrated circuits. Based on material, the market is segmented into silicon/ germanium, silicon carbide, and gallium nitride. Based on the end-use industry, the market is segmented into automotive, consumer electronics, IT & telecommunications, military & aerospace, energy & power, and others. 

For detailed scope of the “Power Semiconductor Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Power Semiconductor Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Power Semiconductor Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Power Semiconductor Market?
  • Which component generated maximum revenues in 2021 and identify the most promising component during the forecast period?
  • What are the various end-use industries of global Power Semiconductor Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2019)	USD Billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Component, By Material, By End-Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Robert Bosch GmbH, Texas Instruments Incorporated, ON Semiconductor Corporation, Renesas Electronics Corporation, Broadcom Inc., Toshiba Corporation, and Cree Inc. among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Power Semiconductor Market by Component

• • Discrete
  • Module
  • Power Integrated Circuits

Global Power Semiconductor Market by Type

• • Silicon/Germanium
  • Silicon Carbide
  • Gallium Nitride

Global Power Semiconductor Market by End-Use Industry

• • Automotive
  • Consumer Electronics
  • IT & Telecommunication
  • Military & Aerospace
  • Energy & Power
  • Others

Global Power Semiconductor Market by Region

• • North America Power Semiconductor Market (Option 1: As a part of the free 25% customization)
    • By Component
    • By Material
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Power Semiconductor Market (Option 2: As a part of the free 25% customization)
    • By Component
    • By Material
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Power Semiconductor Market (Option 3: As a part of the free 25% customization)
    • By Component
    • By Material
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Power Semiconductor Market (Option 4: As a part of the free 25% customization)
    • By Component
    • By Material
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Power Semiconductor Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • STMicroelectronics N.V.
  • Infineon Technologies AG
  • NXP Semiconductors N.V
  • Robert Bosch GmbH 
  • Texas Instruments Incorporated
  • ON Semiconductor Corporation
  • Renesas Electronics Corporation
  • Broadcom Inc.
  • Toshiba Corporation
  • Cree Inc.