Power Semiconductor Market Size, Share, Growth Factors, Trends, Forecast 2021-2027

The global Power Semiconductor market was valued at US$ 41380 million in 2019 and it is expected to reach US$ 59640 million by the end of 2026, growing at a CAGR of 5.3% during 2021-2026. Expanding usage of power electronics in the manufacturing of electric cars is expected to drive the power semiconductor market.

Power semiconductor is the core of electrical energy conversion and circuit control in electronic devices. In essence, it is the function of power switch and power conversion by utilizing the one-way conductivity of semiconductor.

In 2018, the top 12 power semiconductor manufacturers in the world accounted for 56.35% of the market share. Infineon is the world's largest power semiconductor vendor, accounting for 11.27% of the market, with revenue of about $4.4 billion in 2018.

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Global Power Semiconductor Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

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Segment by Type

o Power Semiconductor Device
o Power Module
o Power Integrated Circuits

By type, power integrated circuits is the most commonly used type, with about 53.68% market share in 2018.

Segment by Application

o Industrial
o Automobile
o Communication
o Consumer Electronics

Power semiconductor is widely used in many areas, which applied most in industrial with about 35% market share in 2018.

By Company

o Infineon
o Texas Instruments
o ON Semiconductor
o STMicroelectronics
o Mitsubishi Electric Corporation
o Toshiba
o Vishay Intertechnology
o Fuji Electric
o Nexperia
o Littelfuse
o Renesas Electronics
o Semekron

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This release was published on openPR.