Power Semiconductor Market | Key Growth Drivers, Trends, Segments, Opportunity Forecast 2022-28

The research report "Power Semiconductor Market: By Module (Power Modules, Power Discrete), By Application (Tele/Data Communication, Computer Systems, Industrial, Office Equipment, Transportation, Medical, Energy & Power), By Product (Thyristor/Diode, MOSFET, IGBT, SiC, GaN, Others) and Geography- Global/Region/Country Forecast to 2028." The power semiconductors market size is valued at USD 35,478.1 billion in 2021 and is projected to grow at a considerable CAGR rate of 3.2% during the forthcoming years 2022-2028.

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An overview on the Power Semiconductor Market:
The power semiconductor market report aims at covering market drivers, constraints, unmet needs and trends which are affecting the market presently. In addition, this report on power semiconductor market covers detailed insights into the competitor's overview, key market developments, company share analysis as well as their key strategies. A plethora of information is covered in this market report regarding regulatory framework, reimbursement scenario and market entry strategies. This market report also aims at covering granular level information regarding regional market share and market size, historic market (2017-2021) and forecast for the period 2022-2028.

This global market presents a thorough outline which can be segmented by application, by module and by product. The market has been classified into sectors such as Power Modules, Power Discrete based on module. The Power Modules segment is likely to be the biggest and fastest-growing sector among these sectors. The power semiconductor market is categorized into Tele/Data Communication, Computer Systems, Industrial, Office Equipment, Transportation, Medical, and Energy & Power on the basis of application. The Tele/Data Communication segment is likely to have the fastest-growing market during the forecast period 2022-2028 among other segments. The power semiconductor market is classified into different segments such as Thyristor/Diode, MOSFET, IGBT, SiC, GaN, and Others on the basis of product. Among these segments, the Thyristor/Diode segment witnessed the biggest share in 2021. Alpha and Omega Semiconductor announced the new AEC-Q101 qualified 1200V silicon carbide (SiC) αSiC MOSFETs. It is perfect for the high efficiency and consistency requirements of electric vehicle (EV) on-board chargers, motor drive inverters, and off-board charging stations in March 2021.

The extensive shutdown and the closing of semiconductor factories have exacerbated the supply shortage trend which started in 2019. The second GaN power semiconductors reflected these effects also. In addition, government safeguards in several parts of the world to promote the semiconductor and automobile industries can be able to revive industrial growth.

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Asia Pacific accounted for major share in the Power Semiconductors Market
The global power semiconductor market report provides a complete overview on furfural around the globe with special focus on the leading regions such as Asia Pacific, Latin America, North America, Europe, Middle East and Africa.

Competitive Analysis - Power Semiconductor Market:
Leading players working in the power semiconductor market are ABB, Toshiba, Hitachi, Semikron and Renesas Electronics. These players adopt a few strategies to retain their position in the market.

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