Power Semiconductor Market Size, Global Industry Trends, Share, Report 2021-2027

In 2020, the global Power Semiconductor market size was US$ 43750 million and it is expected to reach US$ 62800 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period 2021-2027. Power semiconductor is the core of electrical energy conversion and circuit control in electronic devices. In essence, it is the function of the power switch and power conversion by utilizing the one-way conductivity of semiconductors.

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Increasing use of non-conventional energy sources such as tidal, solar, and photovoltaic and increased the adoption of power semiconductors in the IT & consumer electronics industry, automotive, power distribution, and rail transportation sectors are expected to drive the growth of the power semiconductor market.

The increasing use of power integrated circuits in the automobile industry for electric vehicles or multiplexed bus systems with distributed power integrated circuits for light, motor, and air conditioning control is also driving the growth of the power semiconductor market. Many semiconductor vendors are developing industry-specific devices in response to the growing use of Power MOSFET in electric and hybrid vehicles; this is expected to further drive the growth of the power semiconductor market.

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The increased adoption of 5G technology and advancements in wireless communication will create a large market for power semiconductors. Telecom suppliers may benefit from the growing use of GaN power transistors.

Because of the rapid growth of consumer electronics goods, APAC is predicted to be the most lucrative region during the forecast period. In the APAC market, consumer electronics, industrial, and automotive are all key verticals that drive the power semiconductor market growth.

Power Semiconductor market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Power Semiconductor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Power Semiconductor Market 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.

Power Semiconductor Market 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.

Major Players in the Power Semiconductor Industry

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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