Power Semiconductor Market 2022 Competitive Research And Precise Outlook- NXP semiconductor Inc., ON Semiconductor Corporation, Renesas Electronic Corporation, Toshiba Corporation, Mitsubishi Electric Corporation

The report considers the present scenario of the Power Semiconductor Market and its dynamics for the forecast period 2022-2026. Power Semiconductor Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.      

The power semiconductor market is expected to grow at a CAGR of 4.8%, over the forecast period 2021-2026.

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The Power Semiconductor market is highly competitive and consists of a number of major players. Companies like Infineon technologies AG, Texas instruments Inc., United Silicon Carbide Inc., ST Microelectronics N.V, NXP semiconductor Inc., ON Semiconductor Corporation, Renesas Electronic Corporation, Broadcom Inc., Toshiba Corporation, Mitsubishi Electric Corporation, Fuji Electric Co. Ltd, Semikron International, Cree Inc. Amongst Others.

Key Developments:

- November 2020 - Texas Instruments (TI) expanded its high-voltage power management portfolio with the next generation of 650-V and 600-V gallium nitride (GaN) field-effect transistors (FETs) for automotive and industrial applications. With fast-switching, 2.2-MHz integrated gate driver, the new families of GaN FETs will help the engineers in delivering twice the power density, achieve 99% efficiency, and reduce the size of power magnetics by 59% as compared to existing solutions.
- February 2020 - UnitedSiC introduced the UF3SC065030D8 and UF3SC065040D8; the industrys lowest RDS(on) SiC FETs available in the popular low-profile DFN 8-8 surface-mount package. The 650V devices replace two standard silicon devices, enabling engineers to build switching circuits with greater efficiency and higher power density than is possible with a discrete design approach.

Key Market Trends:

Automotive Industry Expected to Have Significant Growth
- The Automotive industry accounts for a major portion of global power semiconductor market by the End user. It is mainly due to its increasing adoption of Electric vehicles and Hybrid vehicles. The growing government regulations in favour of electric vehicles market globally is also fueling the demand for power semiconductors.
- For instance in India, The NITI Aayog action plan for Clean Transportation released in 2018 has already recommended eliminating all permit requirements for EVs to encourage electric mobility. Many governments are also developing the infrastructure for Electric and autonomous vehicles. Hence they are also investing in advance sensors and semiconductor market.
- The rising adoption of power integrated circuits in the automotive industry for electric vehicles or multiplexed bus systems with distributed power integrated circuits for control of lights, motors, and air conditioning, is also transforming the automotive sector. The increasing application of Power MOSFET in Electric and hybrid vehicles is also attracting many semiconductor vendors to develop industry-specific devices.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  Power Semiconductor Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Power Semiconductor Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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