Power Semiconductor Market Size was valued at USD 59.7 billion in 2021. The power semiconductor market industry is projected to grow from USD 63.4 billion in 2022 to USD 97.2 billion by 2030
Power semiconductors are fundamental components of modern power electronic circuitry machines that convert energy from one form to another at various stages. They are manufactured using silicon carbide (Sic), germanium and gallium nitride (GaN). These devices are widely being used for wireless communication, motion control, computer systems, advanced control of electric drives, antennas, broadband wireless techniques and satellite systems. Power semiconductors form an indispensable part of electrical appliances, machines, and systems and are majorly used in applications requiring conversion of large voltages and currents without damages. As compared to electro-mechanical converter systems, power semiconductors offer a faster dynamic response, lower installation cost and reduced thermal dissipation. Consequently, they are widely used across various industries, such as automotive, military, aerospace, consumer electronics, information technology and telecommunications.
However, power semiconductor adoption is anticipated to be fueled by a constant increase in non-conventional energy sources in the IT & consumer electronics, automotive, power distribution, and rail transportation sectors. The adoption of new consumer safety features and more effective power management is being driven by the car industry. SiC technology, for instance, is already being used in various low-power EV applications, including as battery chargers, auxiliary DC-DC converters, and solid-state circuit breakers. Currently, engineers can meet high voltage and power demands affordably thanks to more efficient drivetrains that use semiconductor technology like Silicon Carbide (SiC). As a result, these applications offer significant growth prospects. Thus, it is anticipated that this aspect will accelerate power semiconductor revenue globally.
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Global Power Semiconductor Market: Major Players
STMicroelectronics NV
LM Ericsson Telefon AB
Toshiba Corporation
Freescale Semiconductor Inc.
Cree Inc.
Renesas Electronics Corporation
International Quantum Epitaxy Plc.
Texas Instruments, Inc.
Infineon Technologies AG
Taiwan Semiconductor Manufacturing Company Ltd.
Global Power Semiconductor Market: Types
Power Semiconductor
Transistors
Integrated Circuits (ICs)
Diodes & Rectifiers
Others
Global Power Semiconductor : Applications
ICT Sector
Aerospace & Defense
Industrial and Energy & Power
Consumer Electronics
Automotive
Medical
Global Power Semiconductor : Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Power Semiconductor report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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