Power Discrete and Modules

Global Power Discrete and Modules Market to Reach US$37.2 Billion by 2030

The global market for Power Discrete and Modules estimated at US$28.8 Billion in the year 2024, is expected to reach US$37.2 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2024-2030. Power Discrete Solutions, one of the segments analyzed in the report, is expected to record a 4.6% CAGR and reach US$24.6 Billion by the end of the analysis period. Growth in the Power Module Solutions segment is estimated at 3.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.8 Billion While China is Forecast to Grow at 7.2% CAGR

The Power Discrete and Modules market in the U.S. is estimated at US$7.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.6 Billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.5% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

Global Power Discrete and Modules Market - Key Trends and Drivers Summarized

Power discrete and modules are essential components in modern electronic systems, playing a crucial role in the conversion and management of electrical power. Power discrete devices, such as diodes, transistors, and thyristors, handle high voltage and current levels, making them integral to various applications, from consumer electronics to industrial machinery. Power modules, on the other hand, combine multiple discrete devices into a single package, optimizing thermal management and electrical performance. These modules are often used in applications requiring high power density and efficiency, such as electric vehicles, renewable energy systems, and advanced power supplies. The efficiency and reliability of these components are critical, as they directly impact the overall performance and energy consumption of electronic systems.

Technological advancements in power discrete and modules have significantly enhanced their performance and application scope. Innovations in semiconductor materials, such as silicon carbide (SiC) and gallium nitride (GaN), have improved the efficiency, thermal management, and switching speed of power devices. SiC and GaN devices can operate at higher temperatures and voltages than traditional silicon-based components, making them ideal for high-performance applications. Additionally, advancements in packaging technologies have led to the development of more compact and robust power modules, capable of handling higher power densities while maintaining reliability. Integration with advanced control and monitoring systems has further improved the performance of these devices, enabling precise control over power conversion and distribution. These technological trends are driving the adoption of power discrete and modules in a wide range of industries, from automotive to renewable energy and industrial automation.

The growth in the power discrete and modules market is driven by several factors. Firstly, the increasing demand for energy-efficient solutions across various industries is propelling the adoption of advanced power management components. Secondly, the rapid expansion of the electric vehicle (EV) market is driving the need for high-performance power modules that can efficiently manage battery power and improve overall vehicle efficiency. Thirdly, the growing focus on renewable energy sources, such as wind and solar, requires robust power conversion systems to integrate these sources into the grid, boosting the demand for power discrete and modules. Additionally, advancements in industrial automation and the proliferation of smart devices are further fueling the market, as these applications demand reliable and efficient power management solutions. The ongoing trends towards miniaturization and increased power density in electronic devices also contribute to the rising demand for advanced power discrete and modules. Finally, supportive government policies and incentives aimed at promoting energy efficiency and the adoption of clean energy technologies are further accelerating the market growth.

SCOPE OF STUDY:

The report analyzes the Power Discrete and Modules market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Solution (Power Discrete Solutions, Power Module Solutions); Component (IGBT Component, MOSFET Component, Thyristor Component, Diode Component, Rectifier Component, Other Components); End-Use (Telecommunications End-Use, Industrial End-Use, Renewables End-Use, Automotive End-Use, Consumer Electronics End-Use, Military & Defense End-Use, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 37 Featured) -

• Infineon Technologies AG
• Microchip Technology, Inc.
• Mitsubishi Electric Corporation
• NXP Semiconductors NV
• Prodrive Technologies B.V.
• Renesas Electronics Corporation
• ROHM Co., Ltd.
• Semiconductor Components Industries, LLC (Onsemi)
• Solitron Devices, Inc.
• StarPower Semiconductor Ltd.
• STMicroelectronics NV
• TDK Electronics AG
• Texas Instruments, Inc.
• Toshiba Electronic Devices & Storage Corporation
• TT Electronics Plc

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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