Press release
Discrete Power Electronics Market to soar to USD 2.49 billion by 2030, exhibiting a remarkable CAGR of 8.3%
Discrete Power Electronics Market
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Discrete Power Electronics Market Dynamics:
Consumer Electronics and Aerospace & Defense Driving Market Growth:
The rising demand for discrete power electronics in consumer electronics and aerospace & defense sectors emerges as a significant growth driver. In the aerospace domain, these components play pivotal roles in diverse applications, including landing gear, power drive controls, avionics, and cabin lighting, fostering the market's expansion.
Electric Vehicle Boom Fuels Market Demand:
As the electric vehicle (EV) manufacturing industry experiences rapid growth, discrete power electronics find extensive applications in governing electric energy flow and contributing significantly to energy management within electric vehicles. Surveys conducted by the International Energy Agency (IEA) underline the surge in electric vehicle production worldwide, indicating a direct correlation between EV growth and increased demand for discrete power electronics.
Technological Innovations and Industry Trends:
The Discrete Power Electronics Industry is witnessing a wave of technological innovations, with major companies investing in advanced technologies to meet consumer demands. Notable examples include STMicroelectronics introducing the STi2GaN, a smart power component leveraging bond-wire-free packaging technology. Such innovations enhance durability, reliability, and performance, offering substantial growth opportunities in the coming years.
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Discrete Power Electronics Market Regional Insights:
Asia-Pacific:
Overview: Asia-Pacific dominates the market, driven by strong demand from various end-user sectors and a robust automotive market.
Key Players: China, Japan, South Korea, and India emerge as regional leaders, contributing significantly to market dynamics.
North America:
Overview: North America is expected to witness substantial growth, fueled by increased adoption in automotive, ICT, and industrial applications.
Key Players: USA and Canada play pivotal roles in driving market growth in the region.
Europe, South America, Middle-East & Africa:
Overview: Growth in these regions is influenced by the market dynamics in Asia-Pacific and North America.
Discrete Power Electronics Market Segmentation:
1. Material Segmentation:
Silicon (Si):
Overview: Silicon-based components remain prevalent in the market due to their low cost, high reliability, and widespread availability.
Application: Silicon components find extensive applications across various industries, maintaining a substantial market share.
Silicon Carbide (SiC):
Overview: SiC is witnessing increased usage, driven by technological advancements and its unique properties.
Application: SiC components cater to applications demanding higher performance and efficiency, contributing to market growth.
Gallium Nitride (GaN):
Overview: GaN emerges as a material with the highest Compound Annual Growth Rate (CAGR) in the discrete power electronics market.
Application: GaN components are gaining prominence due to their superior performance characteristics, leading to accelerated adoption.
2. Voltage Segmentation:
Low Voltage (0V-100V):
Overview: High demand is observed for low-voltage discrete power electronics components, aligning with the surge in consumer electronics demand.
Application: These components cater to various consumer electronics applications, contributing significantly to market growth.
Medium Voltage (100V-1000V):
Overview: Components in the medium voltage range serve diverse industrial applications, showcasing a stable market demand.
Application: Industries leverage medium voltage components for their power management needs, driving market growth.
High Voltage (>1000V):
Overview: High-voltage discrete power electronics components address applications demanding robust performance and efficiency.
Application: Industries with high-power requirements, such as renewable energy systems, rely on high-voltage components, contributing to market expansion.
3. End-User Segmentation:
Information Communications Technology (ICT):
Overview: The ICT sector is a significant end-user, driving demand for discrete power electronics components.
Application: Various ICT applications, including data centers and telecommunications, rely on these components for efficient power management.
Consumer Electronics:
Overview: The consumer electronics sector remains a major consumer of discrete power electronics, fueling market growth.
Application: Smartphones, laptops, and other electronic devices utilize these components for improved power efficiency.
Energy and Power:
Overview: The energy and power sector showcases a steady demand for discrete power electronics components for effective power management.
Application: Power generation and distribution systems rely on these components for enhanced control and efficiency.
Industrial, Automotive, Aerospace and Defence:
Overview: These sectors collectively contribute to the market's robust growth, adopting discrete power electronics for diverse applications.
Application: Applications range from industrial automation to electric vehicles, with discrete power electronics playing a crucial role in power control and management.
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Discrete Power Electronics Market Key Players:
1.Infineon Technologies
2. ON Semiconductor
3.STMicroelectronics
4. Vishay Intertechnology
5. Toshiba Electronic Devices & Storage Corporation
6. Renesas Electronics Corporation
7. Mitsubishi Electric Corporation
8. Nexperia
9. Toshiba Corporation
10. ROHM Semiconductor
11. Diodes Incorporated
12. NXP Semiconductors
13. Texas Instruments
14.Fairchild Semiconductor
15. Semtech Corporation
16. Microsemi Corporation Toshiba Corporation
17.NXP Semiconductors LLC
18.SEMIKRON
19. Mitsubishi Electric Corporation
20.Texas Instruments Incorporated
21. Fuji Electric Co. Ltd.
22.ABB
23.Hitachi Ltd
24. Analog Devices Inc.
25.DENSO Corporation
26. Mitsubishi Electric Corporation
27.Vishay Intertechnology Inc.
28. Qualcomm Technologies Inc.
29.ROHM CO LTD
30. GaN Systems
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• Past Market Size and Competitive Landscape
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● Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
● Market Segmentation - A detailed analysis by growth and trend
● Competitive Landscape - Profiles of selected key players by region from a strategic perspective
● Competitive landscape - Market Leaders, Market Followers, Regional player
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