openPR Logo
Press release

What's driving the Power Semiconductor Market Trends by 2024?

06-19-2018 12:53 PM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Global Market Insights

Global Market Insights

In the power semiconductor market, the IGBT segment is expected to grow at a rapid rate owing to the high-power applications of these transistors in solar inverters, uninterruptible power supplies, electric vehicle motor drives, high-frequency welders, induction heaters, and power factor correction converters. The use of IGBTs offers advantages such as high voltage capability, relatively fast switching speeds, and the simplicity with which it can be turned on. These transistors find applications for high voltage and moderate speed applications such as switch mode power supplies, pulse width modulated variable speed control, and solar-powered inverters operating in hundreds of kilohertz range.

Power Semiconductor Market size is expected to grow at a rapid rate owing to the global advancements in the consumer electronics sector. High power semiconductor devices ensure the efficient operation of consumer electronic products by handling large currents and high voltages. There is a demand for higher output power for the effective functioning of the products. IoT-powered smart household appliances are the latest trends in the consumer electronics industry. The rising standard of living and the increasing disposable income of individuals across the emerging economies have boosted the consumer electronics industry, thereby fueling the power semiconductor market.

Request for an in-depth table of contents for this report @

Demand for the connectivity of faster transmission and lower latency is on the rise due to the growing demand for high-quality telecommunication services. Advancements in the 5G connectivity technology are expected to provide ample growth opportunities to the power semiconductor market growth. The 5G standards are nearing ratification, thereby providing semiconductor companies an enhanced grasp of the 5G architecture. These services sometimes use high frequencies to facilitate fast transmission and low latency in fueling the demand for high-performance power semiconductors. The power semiconductor market is expected to grow with the evolution of the 5G technology and related services, demanding fast switching speeds and low current losses.

The growing environmental concerns have stressed the importance of renewable energy sources. Solar power electronics inventions are driven by the growing requirement for lowering costs and enhancing the efficiency & service life. Advancements in the Insulated-Gate Bipolar Transistor (IGBT) technologies enhancing their applications in the renewable energy sector will fuel the power semiconductor market growth. These semiconductors are being used for power conversion in wind turbines and transmitting the power to the grid. The increasing need to obtain the highest efficiency of the energy source will propel the power semiconductor market growth.

Power semiconductor devices may face power dissipation issues, thereby stressing the need for the proper cooling arrangement. Power consumption can be considered a key factor hindering the power semiconductor market growth. With the trend of miniaturization of devices, the increased density of gates on a single chip may increase the power dissipation due to leakage. However, technological advancements such as the development of leakage power minimization techniques resulting in enhanced capabilities of these devices are expected to contribute to the industry demand.

There will be a demand for Gallium Nitride (GaN) devices owing to the advantages offered by the material over silicon. The material features higher critical field strength than silicon. The higher electron mobility of the material enables a GaN device to have a smaller size and closer electrical terminals for a specified breakdown voltage requirement as compared to a silicon semiconductor. GaN is also becoming a popular technology for energy efficient power electronics. The development of GaN power devices will fuel the power semiconductor market growth. These power devices will replace silicon-based MOSFETs in power switching applications that have volume and weight constraints while simultaneously requiring high efficiency.

The power semiconductor market will experience growth that can be attributed to the growing demand from the automotive sector. The trend of self-driving, green, and connected cars will propel the demand for these semiconductors. The rise in the number of electric vehicles coupled with the need for fuel-efficient systems will support the power semiconductor market growth. There is a fast growth in the sale of hybrid and electric vehicles owing to the growing environmental concerns. Power devices find applications in anti-lock braking systems, electric power steering, tire pressure monitoring, and electronic stability control. Advanced Driver Assistance Systems (ADAS) will see a fast adoption of cameras, sensors, and interconnectivity systems in cars thereby propelling the power semiconductor market.

Make an inquiry for buying this report @

The growing automotive sector in countries including China and India is anticipated to provide an impetus to the power semiconductor market. The development of smart manufacturing in China will spur the demand for power devices. Furthermore, the expanding power sector in the region will create growth opportunities for the Asia Pacific power semiconductor market. The semiconductor industry in China is flourishing owing to the increased government spending in wafer fab equipment. Several government initiatives such as Digital India and Make in India will favor the industry growth in India.

Key players in the power semiconductor market are Semikron International GmbH, Fuji Electric Co., Ltd., Mitsubishi Electric Group, Texas Instruments, Infineon Technologies AG, ST Microelectronics N.V., Toshiba Corporation, and ABB Ltd. The leading players are trying to introduce advanced solutions that implement the latest technologies. In May 2018, Fuji announced the launch of Fuji IGBT Simulator version 6 for loss and temperature calculation of the company’s IGBT devices. Companies focusing on the R&D of power semiconductors will aid in the power semiconductor market growth. In June 2018, Infineon Technologies announced that the company will be investing in a 300mm chip factory in Austria. The increasing competition among key players to offer high-performance solutions will propel the power semiconductor market growth.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What's driving the Power Semiconductor Market Trends by 2024? here

News-ID: 1088251 • Views: 192

More Releases from Global Market Insights, Inc.

Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across

All 5 Releases

More Releases for IGBT

Global IGBT Transistor Market Insights, Forecast
The IGBT Transistor market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for IGBT Transistor. This report presents the worldwide IGBT Transistor market size (value, production and consumption), splits the
SEMIKRON IGBT Drivers by GD Rectifiers
Semikron offers two different types of IGBT driver families, their extensive range is suitable for most applications. Driver cores from the SKHI and SKYPER family can be optimised using adapter boards for each module type. Semikron’s drivers such as the SKYPER Prime offer a fully qualified plug and play solution, saving time and costs in application. IGBT drivers are a vital device required between power transistors and controllers. Ultimately, the electronic
Global IGBT Market Study 2015-2025, by Segment (IGBT Module, Discrete IGBT), by …
2018 IGBT market research study relies upon a combination of primary as well as secondary research. The Global IGBT market will reach xxx Million USD in 2018 and with a CAGR if xx% between 2019-2025. Major Region Market: North America Europe Asia-Pacific South America Middle East & Africa. Research report is based on Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.): IGBT Module, Discrete IGBT Demand Coverage (Market Size &
IGBT Module Market Professional Survey Report 2017
This report studies IGBT Module in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. A report by Market Research Reports (MRR) sheds light on the dynamics that have contributed to the growth of the market. The report also encapsulates several factors that are expected to propel the market
Global IGBT Market Research Report 2017-2022
Global IGBT Market Report 2017 is a professional and deep research report in this field. For overview analysis, the report introduces IGBT basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc. Read Complete Report @ For technical data and manufacturing plants analysis, the report analyzes IGBT leading suppliers on capacity, commercial production date, manufacturing plants distribution, R&D status, technology sources, and raw
IGBT Market 2015-2025 Growth and Forecast
IGBT Market Overview Insulated Gate Bipolar Transistor formally known as IGBT is a power electronic semiconductor device. This device have its major application in switches, phase control and pulse modulation because of its high efficiency and fast switching. Electric power is a basic requirement of modern society and absence of electricity will create a huge loss and damage to human life as well as society. IGBT helps in reducing the congestion