Power Semiconductor Market Supply-Demand, Investment Feasibility and Forecast 2028

Power Semiconductor Market size was valued at USD 36.05 Billion in 2020 and is projected to reach USD 43.3 Billion by 2028, growing at a CAGR of 2.37% from 2021 to 2028.

Power Semiconductor Market Definition

The power semiconductor is a switch-like component used in electronic circuits to control and convert electrical power. These devices, in general, rely on the electronic properties of semiconductors like gallium arsenide, germanium, and silicon. These devices, sometimes known as power devices, may often dissipate more than one watt of electricity during normal operation. Furthermore, the semiconductor is a physical product normally constituted of silicon, which conducts electricity more than an insulator, such as glass, but less than a pure conductor, such as copper or aluminum.

Furthermore, their conductivity and other characteristics can be modified with the introduction of impurities, called doping, to meet the specific needs of the electronic component in which it lies. Moreover, the packaging is a crucial part of semiconductor production and design. Therefore, it influences performance, cost, and power on a huge level and the primary performance of all chips on a micro-level. In addition, the package is the container that grips the semiconductor die.

Global Power Semiconductor Market Overview

The rise in disposable income acts as a primary growth driver in the Global Power Semiconductor Market. the use of non-conventional energy sources such as tidal, solar, and photovoltaic has increased the adoption of power semiconductors in the IT & consumer electronics industry, automotive, power distribution, and rail transportation sectors, as well as the growing need for more efficient power management and new safety features in the automotive industry. Companies have been able to adopt a collaborative strategy to produce industry-specific products as demand for compact items has grown.

To extend their market presence, market participants have concentrated on innovation in new technologies such as silicon carbide-based devices. On, the contrary the power semiconductor industry is heavily reliant on technology and its continuous progress throughout time. One of the biggest barriers for the Power Semiconductor Market on the route to its predicted growth during the forecast period is the limited technological availability of resources and breakthroughs.

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Global Power Semiconductor Market: Major Players
STMicroelectronics NV
LM Ericsson Telefon AB
Toshiba Corporation
Freescale Semiconductor Inc.
Cree Inc.
Renesas Electronics Corporation
International Quantum Epitaxy Plc.
Texas Instruments, Inc.
Infineon Technologies AG
Taiwan Semiconductor Manufacturing Company Ltd.

Global Power Semiconductor Market: Types
Power Semiconductor
Transistors
Integrated Circuits (ICs)
Diodes & Rectifiers
Others

Global Power Semiconductor Market: Applications
ICT Sector
Aerospace & Defense
Industrial and Energy & Power
Consumer Electronics
Automotive
Medical

Global Power Semiconductor Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Power Semiconductor market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain

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