Global Power Semiconductor Devices Market Growth 2024-2030

Global Power Semiconductor Devices Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Power Semiconductor Devices market size was valued at US$ million in 2023. With growing demand in downstream market, the Power Semiconductor Devices is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.

The research report highlights the growth potential of the global Power Semiconductor Devices market. Power Semiconductor Devices are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Power Semiconductor Devices. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Power Semiconductor Devices market.

A power semiconductor device is a semiconductor device used as a switch or rectifier in power electronics (for example in a switch-mode power supply). Such a device is also called a power device or, when used in an integrated circuit, a power IC.

The global market for semiconductor was estimated at US$ 579 billion in the year 2022, is projected to US$ 790 billion by 2029, growing at a CAGR of 6% during the forecast period. Although some major categories are still double-digit year-over-year growth in 2022, led by Analog with 20.76%, Sensor with 16.31%, and Logic with 14.46% growth, Memory declined with 12.64% year over year. The microprocessor (MPU) and microcontroller (MCU) segments will experience stagnant growth due to weak shipments and investment in notebooks, computers, and standard desktops. In the current market scenario, the growing popularity of IoT-based electronics is stimulating the need for powerful processors and controllers. Hybrid MPUs and MCUs provide real-time embedded processing and control for the topmost IoT-based applications, resulting in significant market growth. The Analog IC segment is expected to grow gradually, while demand from the networking and communications industries is limited. Few of the emerging trends in the growing demand for Analog integrated circuits include signal conversion, automotive-specific Analog applications, and power management. They drive the growing demand for discrete power devices.

Key Features:

The report on Power Semiconductor Devices market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Power Semiconductor Devices market. It may include historical data, market segmentation by Type (e.g., PowerMOSFETs, IGBTs), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Power Semiconductor Devices market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Power Semiconductor Devices market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Power Semiconductor Devices industry. This include advancements in Power Semiconductor Devices technology, Power Semiconductor Devices new entrants, Power Semiconductor Devices new investment, and other innovations that are shaping the future of Power Semiconductor Devices.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Power Semiconductor Devices market. It includes factors influencing customer ' purchasing decisions, preferences for Power Semiconductor Devices product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Power Semiconductor Devices market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Power Semiconductor Devices market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Power Semiconductor Devices market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Power Semiconductor Devices industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Power Semiconductor Devices market.

Market Segmentation:

Power Semiconductor Devices market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
PowerMOSFETs
IGBTs
Bipolar Power Transistors
Thyristors
Rectifiers

Segmentation by application
Automotive & Transportation
Industrial
Consumer & Office Equipment
Communications
Renewable Energy
Medical
Lighting

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Infineon
Onsemi
ST Microelectronics
Mitsubishi Electric (Vincotech)
Nexperia
Vishay Intertechnology
Toshiba
Fuji Electric
Rohm
Renesas Electronics
Diodes Incorporated
Littelfuse (IXYS)
Alpha & Omega Semiconductor
SEMIKRON
Hitachi Power Semiconductor Device
Microchip
Sanken Electric
Semtech
MagnaChip
Danfoss
Bosch
Texas Instruments
KEC Corporation
Cree (Wolfspeed)
PANJIT Group
Unisonic Technologies (UTC)
Niko Semiconductor
Hangzhou Silan Microelectronics
Yangzhou Yangjie Electronic Technology
China Resources Microelectronics Limited
Jilin Sino-Microelectronics
StarPower
NCEPOWER
Hangzhou Li-On Microelectronics Corporation
Jiangsu Jiejie Microelectronics
OmniVision Technologies
Suzhou Good-Ark Electronics
Zhuzhou CRRC Times Electric
WeEn Semiconductors
Changzhou Galaxy Century Microelectronics
MacMic Science & Technolog
BYD
Hubei TECH Semiconductors
JSC Mikron

Key Questions Addressed in this Report

What is the 10-year outlook for the global Power Semiconductor Devices market?

What factors are driving Power Semiconductor Devices market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Power Semiconductor Devices market opportunities vary by end market size?

How does Power Semiconductor Devices break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.