North America Power Semiconductor Market Size, Share & Industry Trends Analysis Report By Product (Power MOSFET, IGBT, Thyristor, Power Diode, and Others), By Application, By Material (SiC, GaN, and Others), By Country and Growth Forecast, 2023 - 2030

North America Power Semiconductor Market Size, Share & Industry Trends Analysis Report By Product (Power MOSFET, IGBT, Thyristor, Power Diode, and Others), By Application, By Material (SiC, GaN, and Others), By Country and Growth Forecast, 2023 - 2030


The North America Power Semiconductor Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 317.3 million units, showcasing a growth of 2.3% (2019-2022).

Electronic components, known as power semiconductors, are created specifically to manage high power levels in electrical circuits. They are essential in several applications, including power electronics, renewable energy systems, electric vehicles, industrial automation, and others. Power semiconductors are crucial for properly managing, controlling, and converting energy, enabling the dependable and efficient operation of contemporary electrical systems.

Power semiconductors are fundamentally solid-state electronics composed of semiconducting elements like silicon (Si) or silicon carbide (SiC). These substances have unique electrical properties that enable them to regulate the flow of electricity under certain circumstances. Diodes, transistors, and thyristors are the three main types of power semiconductors. One of the most basic power semiconductors is the diode, which allows current to flow in one direction while blocking it in the opposite direction. They are commonly utilized in rectifier circuits, where they transform alternating current (AC) into direct current (DC).

Diodes are essential for voltage regulation, power factor correction, and effective energy use. Complex power semiconductors, termed transistors, can switch and amplify electrical signals. They are commonly employed in many applications to control voltage and current. Power electronics usually use MOSFETs or metal-oxide-semiconductor field-effect transistors. They can withstand high voltages and current levels, fast switching rates, and low on-resistance. MOSFETs are employed in various devices, including inverters, power supplies, and motor drives.

The government of Mexico City has a strategic goal to increase mobility by switching to zero-emission local transportation. They intend to increase the proportion of electricity generated by clean energies from 25 to 35 percent by 2024. Government incentives for Mexican consumers include the exemption of local taxes and verifying emission control systems. Sales of EV as well as hybrid vehicles have also been boosted in Mexico by rising petrol prices and pollution alerts that prohibit the use of vehicles in public transportation. As a result of this surging demand for EVs & hybrid vehicles in the North America region is growing a need for electrically powered systems to replace traditional mechanical, hydraulic, and pneumatic loads, due to which the market is predicted to witness significant growth.

The US market dominated the North America Power Semiconductor Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,010.9 million by 2030. The Canada market is experiencing a CAGR of 6.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.6% during (2023 - 2030).

Based on Product, the market is segmented into Power MOSFET, IGBT, Thyristor, Power Diode, and Others. Based on Application, the market is segmented into IT & Telecom, Aerospace & Defense, Industrial, Automotive, Electronics, Energy & Power, Healthcare, and Others. Based on Material, the market is segmented into SiC, GaN, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Infineon Technologies AG. Texas Instruments Inc., STMicroelectronics N.V., NXP Semiconductors N.V., ON Semiconductor Corporation, Mitsubishi Electric Corporation, Renesas Electronics Corporation, Toshiba Corporation, Fuji Electric Co., Ltd. and Hitachi, Ltd.

Scope of the Study

Market Segments covered in the Report:

By Product (Volume, Million Units, USD Million, 2019-2030)
  • Power MOSFET
  • IGBT
  • Thyristor
  • Power Diode
  • Others
By Application (Volume, Million Units, USD Million, 2019-2030)
  • IT & Telecom
  • Aerospace & Defense
  • Industrial
  • Automotive
  • Electronics
  • Energy & Power
  • Healthcare
  • Others
By Material (Volume, Million Units, USD Million, 2019-2030)
  • SiC
  • GaN
  • Others
By Country (Volume, Million Units, USD Million, 2019-2030)
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Infineon Technologies AG
  • Texas Instruments Inc.
  • STMicroelectronics N.V.
  • NXP Semiconductors N.V.
  • ON Semiconductor Corporation
  • Mitsubishi Electric Corporation
  • Renesas Electronics Corporation
  • Toshiba Corporation
  • Fuji Electric Co., Ltd.
  • Hitachi, Ltd.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Power Semiconductor Market, by Product
1.4.2 North America Power Semiconductor Market, by Application
1.4.3 North America Power Semiconductor Market, by Material
1.4.4 North America Power Semiconductor Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansions
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Oct – 2023, Jul) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America Power Semiconductor Market by Product
5.1 North America Power MOSFET Market by Country
5.2 North America IGBT Market by Country
5.3 North America Thyristor Market by Country
5.4 North America Power Diode Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Power Semiconductor Market by Application
6.1 North America IT & Telecom Market by Country
6.2 North America Aerospace & Defense Market by Country
6.3 North America Industrial Market by Country
6.4 North America Automotive Market by Country
6.5 North America Electronics Market by Country
6.6 North America Energy & Power Market by Country
6.7 North America Healthcare Market by Country
6.8 North America Others Market by Country
Chapter 7. North America Power Semiconductor Market by Material
7.1 North America SiC Market by Country
7.2 North America GaN Market by Country
7.3 North America Others Market by Country
Chapter 8. North America Power Semiconductor Market by Country
8.1 US Power Semiconductor Market
8.1.1 US Power Semiconductor Market by Product
8.1.2 US Power Semiconductor Market by Application
8.1.3 US Power Semiconductor Market by Material
8.2 Canada Power Semiconductor Market
8.2.1 Canada Power Semiconductor Market by Product
8.2.2 Canada Power Semiconductor Market by Application
8.2.3 Canada Power Semiconductor Market by Material
8.3 Mexico Power Semiconductor Market
8.3.1 Mexico Power Semiconductor Market by Product
8.3.2 Mexico Power Semiconductor Market by Application
8.3.3 Mexico Power Semiconductor Market by Material
8.4 Rest of North America Power Semiconductor Market
8.4.1 Rest of North America Power Semiconductor Market by Product
8.4.2 Rest of North America Power Semiconductor Market by Application
8.4.3 Rest of North America Power Semiconductor Market by Material
Chapter 9. Company Profiles
9.1 Infineon Technologies AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Geographical Expansions:
9.1.6 SWOT Analysis
9.2 Texas Instruments, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 STMicroelectronics N.V.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 NXP Semiconductors N.V.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 ON Semiconductor Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Mitsubishi Electric Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Renesas Electronics Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.6 SWOT Analysis
9.8 Toshiba Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research and Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 Fuji Electric Co. Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Hitachi, Ltd.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

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