North America to Lead the Market for Next Generation Power Semiconductors over the Forecast Period.

Next Generation Power Semiconductors Market

Next generation power semiconductors is a new technology designed in power semiconductors. The semiconductors which were used in the past like the silicon-based power semiconductors were not able to satisfy the work requirements. Hence, the electronics manufacturing companies have developed next-generation power semiconductors by using SiC and GaN, which will provide better electric connectivity along with increased reliability.

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SiC (Silicon Carbide) and GaN (Gallium Nitride) are the widely used materials for next-generation power semiconductors. SiC handles high voltage with higher capacity and lower losses. GaN is used for switching high-speed operations allowing production with large diameters easily. There has been an increased focus towards V-NAND for manufacturing next-generation power semiconductors, which is useful in cutting edge memory products.

DENSO Corporation, one of the prominent players in the automotive supplier market and Kyoto University are joining hands to develop semiconductor devices supporting next-generation power semiconductors. The aim is on developing a device that will reduce cost, size, energy loss, and weight of the inverters and will be used in electric vehicles.

Major Players in Next-Generation Power Semiconductors market are:

Sanken Electric, Rohm, Toshiba, Shindengen Electric, GeneSiC Semiconductor, Mitsubishi Electric, Microsemi, Cree, Infineon, Fuji Electric Holdings.

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Growth in the sector of renewable energy like solar power energy, wind energy; increasing urbanization with the rise in disposable income; and increasing penetration of advanced technology devices have driven the growth of the market. Furthermore, several global market leaders are focusing on research and development for innovative products, thus driving growth and making the market highly competitive.

Major Regions play vital role in Next-Generation Power Semiconductors market are:

North America

Europe

China

Japan

Middle East & Africa

India

South America

Others

Most important types of Next-Generation Power Semiconductors products covered in this report are:

SiC

GaN

Other

Most widely used downstream fields of Next-Generation Power Semiconductors market covered in this report are:

Renewable Energy

Hybrid and Electric Vehicles

LED Lighting

Increasing penetration of smart devices to drive the growth of next-gen semiconductors market in the Asia Pacific region

North America dominated the next generation power semiconductors market and is likely to grow significantly in the coming years. The increasing demand and consumption of smart devices such as smartphones, tablets, and laptops is a key trend driving the growth of the market in this region. Meanwhile, U.S., Mexico, and Canada have a number of leading players who are developing new generation power semiconductors and this will increase the demand for this industry in the coming years.

However, Asia Pacific is anticipated to grow at a rapid pace with the highest CAGR due to the presence of a large consumer base along with increasing disposable income. Emerging countries such as China, Japan, and India in the Asia-Pacific region have the largest consumer base for personal devices, therefore, driving the growth of the market in the region. Moreover, Asia Pacific is predicted to overcome North America, in terms of growth, in the next generation power semiconductor market over the next decade.

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