Press release
Power Semiconductor Market: 2017 Industry Analysis, Size, Trends, Growth and Forecast 2025
The global power semiconductor market features the presence of a multitude of companies of varying sizes. This indicates a highly fragmented and competitive vendor landscape. As per a new market study by Transparency Market Research (TMR), some of the key companies operating in the global power semiconductor market have adopted strategies such as product differentiation, product upgrades, and aggressive pricing to sustain competition. Besides this, key companies are also seeking distribution partnerships with the objective to reach a wider audience, thereby expanding their regional and global outreach.Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=35108
Prominent companies in the global power semiconductor market include:
Infineon Technologies AG, Texas Instruments, ON Semiconductor, Fuji Electric Co. Ltd., ST Microelectronics N.V., Mitsubishi Electric Group, Semikron International GmbH, and Toshiba Corporation.
According to TMR, the global power semiconductor market is likely to display a steady 5.1% CAGR over the forecast period between 2017 and 2025. Progressing at this rate, the market is anticipated to be valued at US$54,881.2 mn by the end of 2025. Among the key end use industries, automotive electronics accounts for high consumption of power semiconductor. Geography-wise, Asia Pacific has emerged as a key regional market for power semiconductors.
Introduction of 5G Mobile Communication to Fuel Demand for Power Semiconductors
Among the key growth drivers, the introduction of fifth-generation (5G) mobile communication worldwide is a key factor driving the global power semiconductor market. Fifth-generation (5G) mobile communication which is anticipated to commence from 2018; the number of 5G mobile base stations is anticipated to be more than 4G base stations. Mobile communication requires power semiconductors especially radio frequency (RF) type. 5G base stations are likely to deploy several RF power amplifiers per base station, with 5G base stations likely to be built in large numbers. Silicon Carbide (SiC), GaN (Gallium Nitride), GaAs (Gallium Arsanide) are some of the key compounds that are used in the manufacture of power semiconductors for 5G mobile communication. For example, Nokia Bell Labs, Mitsubishi Electric, and the Center for Wireless Communications have announced a joint venture for the development of high speed GaN-based power amplifier. GaN RF are anticipated to represent almost one fourth of all mobile communication infrastructure by 2017 end.
Increasing Adoption of Electric Vehicles to Benefit Market
The heavy consumption of power semiconductors across a host of end use industries such as automotive, industrial, telecommunication, consumer electronics, healthcare, aerospace & defense, and renewable energy among others is a key growth driver of power semiconductor market. Among these, automotive electronics accounts for high consumption of semiconductors. With the rise in electric vehicles, hybrid electric vehicles, and plug-in electric vehicles, deployment of semiconductors in cars has increased manifold. Also, with the advent of drive-by-wire or x-by-wire technologies such as electronic throttle control, steer-by-wire, or shift-by-wire, electric content are considerably replacing mechanical vehicle parts. These factors are leading to the growth of automotive electronics segment in the worldwide power semiconductor market.
The high power consumption needs of data centers is also acting in favor of the growth of power semiconductor market. Currently, WBG compound power semiconductor devices are increasingly replacing silicon-based devices to enhance data center’s efficiency. WBG power devices help reduce the cooling load of data centers.
Have any query? Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=35108
The review presented is based on the findings of a TMR report, titled “Power Semiconductor Market (Component – Power MOSFET, Rectifiers, Thyristors, IGBT, and Diode; Material – Silicon/ Germanium, Silicon Carbide (SiC) and Gallium Nitride (GaN); End-use – Automotive, Industrial, Telecommunication, Consumer Electronics, Aerospace & Defense, and Healthcare) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025.”
The global power semiconductor market is segmented as follows:
Global Power Semiconductor Market
By Component
- Power MOSFET
- Rectifiers
- Thyristors
- IGBT
- Diode
By Material
- Silicon/ Germanium
- Silicon Carbide (SiC)
- Gallium Nitride (GaN)
By End-use
- Automotive
- Industrial
- Telecommunication
- Consumer Electronics
- Aerospace & Defense
- Healthcare
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
- South America
Buy this Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=35108<ype=S
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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