Powering the Future: Discrete and Module Technologies Driving Change

"The Business Research Company recently released a comprehensive report on the Global Power Discrete And Module Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, the power discrete and module market size has grown strongly in recent years. It will grow from $26.86 billion in 2023 to $28.82 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. the growth in the historic period can be attributed to miniaturization of electronic devices, higher efficiency requirements, increased demand for power management systems, growing use of power electronics in aerospace and defense, increasing demand for power management systems in manufacturing.

the power discrete and module market size is expected to see strong growth in the next few years. It will grow to $38.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. the growth in the forecast period can be attributed to growing need for electronics with low energy consumption, growing use of electric cars (EVs), consumer electronics' growth, extension of telecommunications infrastructure, growing need for power sources. Major trends in the forecast period include integration of renewable energy, technological progress, adoption of power semiconductor devices, technological advancements in power semiconductor manufacturing, adoption of smart grid technology.

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Market Drivers and Trends:

The rising adoption of connected devices is expected to propel the growth of the rectangular dielectric resonator antenna (DRA) market going forward. Connected devices are physical objects embedded with sensors, software, and other technologies to connect and exchange data with other devices or systems. The rising adoption of connected devices is driven by their ability to enhance convenience, efficiency, and automation in various aspects of daily life, ranging from home automation to industrial processes. Rectangular dielectric resonator antennas are utilized in connected devices such as Internet of Things (IoT) devices for their compact size, efficiency in wireless communication, and suitability for integration into small form factors. For instance, in November 2022, according to Ericsson, a Sweden-based network and telecommunications company, the number of IoT-connected devices will increase to 34.7 billion by 2028, up from 13.2 billion in 2022, with 28.7 billion of these devices connecting via local short-range low-power wide-area networks (LPWAN) and 6 billion through wide-area networks, including private cellular networks. Therefore, the rising adoption of connected devices will drive the growth of the rectangular dielectric resonator antenna (DRA) market. 

Major companies operating in the power discrete and module market are developing innovative products, such as dual-phase power modules, to meet the growing demand for energy-efficient and high-performance solutions across various industries. Dual-phase power modules are specialized electronic components used in power management systems to deliver efficient and reliable power. These modules integrate multiple power components, such as transistors, diodes, and control circuitry, into a single package. For instance, in February 2024, Infineon Technologies, a Germany-based semiconductor company, launched its TDM2254xD series dual-phase power modules designed to enhance power supply efficiency for AI operations in data centers. This utilizes OptiMOS MOSFETs and features a novel packaging design and proprietary magnetic structure that enable efficient heat transfer from the power stage to the heat sink through a specially optimized inductor design.

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Major Key Players of the Market:

Major companies operating in the power discrete and module market are developing innovative products, such as dual-phase power modules, to meet the growing demand for energy-efficient and high-performance solutions across various industries. Dual-phase power modules are specialized electronic components used in power management systems to deliver efficient and reliable power. These modules integrate multiple power components, such as transistors, diodes, and control circuitry, into a single package. For instance, in February 2024, Infineon Technologies, a Germany-based semiconductor company, launched its TDM2254xD series dual-phase power modules designed to enhance power supply efficiency for AI operations in data centers. This utilizes OptiMOS MOSFETs and features a novel packaging design and proprietary magnetic structure that enable efficient heat transfer from the power stage to the heat sink through a specially optimized inductor design.

Power Discrete And Module Market 2024 Key Insights:

• The power discrete and module market size is expected to grow to$38.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
• Surge In Electric Vehicle Demand Fuels Growth In Power Discrete And Module Market
• Advancements In 3D-Printed Dielectric Materials For RF Devices
• North America was the largest region in the power discrete and module market in 2023

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