Power Semiconductor Market - Global Size, Share, Trends, Comprehensive Analysis and Growth of Top Companies like Toshiba Corporation, ST Microelectronics, Qualcomm Inc etc. by 2020 - 2023

Market Snapshot:

Market Research Future (MRFR), in its latest study on the global power semiconductor market 2020, states different factors that are can influence the market across the analysis period. As per MRFR data, the power semiconductor market is likely to thrive at 13% CAGR across the forecasted period.

The increase in demand for effective semiconductor solutions that offer seamless conduction of electricity, while working as an insulator to prevent the electricity flow, can impel the expansion of the market across the analysis period in the years ahead. The growing popularity of power semiconductors to handle large currents and high voltages can underpin the expansion of the market in the years to come.

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The eccentric structure of power semiconductors is responsible for the replacement of regular semiconductors, thus can favor the power semiconductor market. Power semiconductors can effectively large currents and handle high voltages and without any damage. The increase in the installation of power semiconductors in power conversion activities, such as changing DC to AC and vice versa, and changing voltages and frequencies can promote the expansion of the market in the analysis period. The indispensable role of power semiconductor in improving the accuracy of driving motors at different speeds, and supply power grids for generation of power from solar cells at less power loss can promote the market in the years ahead.

Segmentation:

The segment evaluation of the global power semiconductors is done by application, components, and materials.

The component based segments of the power semiconductor market are Power integrated circuits, Diodes, Thyristor, Switching devices, Rectifiers, and Power MOSFETs.

The material based segments of the power semiconductor market are Silicon carbide (Sic), Silicon, Silicon germanium, Gallium nitride (GaN), and Gallium Arsenide.

The vertical based segments of the Power semiconductors market are military & aerospace, consumer electronics, Automotive, and industrial. The industrial power semiconductor market are wind, inverters, and solar power generation.

Regional Study:

The power semiconductor market in the APAC region is expected to boom in the near future. The presence of potential manufacturers across the region and their uninterrupted effort in innovating solutions that comply with different new standards and technologies can support the expansion of the market across the analysis period. The availability of a different wide band gap semiconductor products fabricated of gallium nitride (GaN) and silicon carbide (Sic) materials can support the analysis of the power semiconductor market across the review period.

In North America, the expansion of the power semiconductor market can be credited to the presence of robust technologies. As per MRFR regional study, the largest market share of the power semiconductor market is likely to be owned by North America. The rise in the application of innovative technologies and the booming electronics industry can support the rise of the power semiconductor market in the region. In Europe, the growing demand for RF power semiconductor and the presence of high consumers, along with effective telecommunication and data communication can support the expansion of the regional market. The increase in the installation of power semiconductor in medical sector can also bolster the rise of the power semiconductor market in the years to come. Europe power semiconductor market can thrive in the near future.

Key Players:

Toshiba corporation (Japan), Texas instruments Inc. (U.S.), Broadcom limited (U.S.), AG (Germany), NXP semiconductor (Netherlands), ST Microelectronics (Switzerland), Qualcomm Inc.(U.S.), Renesas electronic corporation (Japan), Mitsubishi Electric Corporation (Japan), and Fairchild semiconductor (U.S.) among others are some major players functioning in the Global Power Semiconductor Market as listed by MRFR

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This release was published on openPR.