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Power Semiconductor Market Key Players Over 2018-2024: Semikron International GmbH, Fuji Electric, Mitsubishi Electric Group, Texas Instruments, Infineon Technologies AG, ST Microelectronics N.V., Toshiba Corporation, ABB

08-07-2018 11:51 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Power Semiconductor Market

Power Semiconductor Market

Market Overview: -

Power Semiconductor Market set 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 market.

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 market is expected to grow with the evolution of the 5G technology and related services, demanding fast switching speeds and low current losses.

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Top Key Players: -

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.

Market share calculation in this report is not done based on companies covered in it. The calculation of power semiconductor market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

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.

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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.

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.

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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
Email: sales@gminsights.com
Web: www.gminsights.com

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