Global Power Semiconductor Market 2022-2026

Global Power Semiconductor Market 2022-2026

Technavio has been monitoring the power semiconductor market and it is poised to grow by $ 10.48 bn during 2022-2026, progressing at a CAGR of 8.03% during the forecast period. Our report on the power semiconductor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing electrification in vehicles and increasing application of power semiconductors. In addition, increasing electrification in vehicles is anticipated to boost the growth of the market as well.

The power semiconductor market analysis includes the application segment and geographic landscape.

Technavio's power semiconductor market is segmented as below:

By Application

• Automotive
• Industrial power control
• Others

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• MEA

This study identifies the rise in adoption of automation in industrial applicationsas one of the prime reasons driving the power semiconductor market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on power semiconductor market covers the following areas:

• Power semiconductor market sizing
• Power semiconductor market forecast
• Power semiconductor market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading power semiconductor market vendors that include Fuji Electric Co. Ltd., Infineon Technologies AG, Littelfuse Inc., Mitsubishi Electric Corp., Nexperia BV, Renesas Electronics Corp., Semiconductor Components Industries LLC, Texas Instruments Inc., Toshiba Corp., and Vishay Intertechnology Inc. Also, the power semiconductor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.