Global Power Semiconductor Market 2024-2028
Power Semiconductor Market 2024-2028
The power semiconductor market is forecasted to grow by USD 12418.7 mn during 2023-2028, accelerating at a CAGR of 8.3% during the forecast period. The 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing electrification in vehicles, increasing application of power semiconductors, and rise in adoption of automation in industrial applications.
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
- Middle East and Africa
This study identifies the increased demand for vehicles that operate on alternative fuels as one of the prime reasons driving the power semiconductor market growth during the next few years. Also, rapid technological advances and product launches will lead to sizable demand in the market.
The report on the power semiconductor market covers the following areas:
- Power Semiconductor Market sizing
- Power Semiconductor Market forecast
- Power Semiconductor Market industry analysis
The 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 ABB Ltd., Alpha and Omega Semiconductor Ltd., Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., MagnaChip Semiconductor Corp., Microchip Technology Inc., Mitsubishi Electric Corp., Nexperia BV, NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., SEMIKRON Elektronik GmbH and Co. KG, TDK Corp., Texas Instruments Inc., Toshiba Corp., Vishay Intertechnology Inc., and Wolfspeed 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.
The publisher 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 primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.