Europe Power Management IC Market by Key Players, Regional Segmentation and Forecasts, 2022 - 2028

The power management IC market in Europe is expected to grow from US$ 11,342.18 million in 2021 to US$ 17,503.59 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028.

The adoption of electric vehicles is growing tremendously across the region. Sales of electric vehicles (EVs) have increased in the Europe markets. The Power management plays a significant role with respect to the efficiency of the device, be it an ultra-low-power wireless sensor network or automotive high-voltage power converter. With a rise in requirement for proper power management, companies are looking at manufacturing customized power management integrated chips. The stringent emission norms in European countries are driving the demand for electric vehicles to a notable extent.

Thus, respective policies, norms, incentives, and subsidies promote the sales of electric vehicles across the region. A PMIC is widely used in various automotive applications, such as ADAS, infotainment, battery management, navigation, telematics, and automotive cluster. Thus, rising sales for electric vehicles drive the demand for highly integrated system PMIC for applications requiring up to 8.5 A and high power PMIC used in quad-core processors up to 12 A. The automotive sector is a major contributor in the growth of the power management IC market across the region

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The impact of COVID-19 differed from country to country across the Europe region as selected countries experienced an increase in the number of recorded cases and subsequently attracted strict and more extended lockdown periods or social isolation. Germany, Italy, United Kingdom, Russia, and France are the countries that were most affected by various restrictions and limitations. The European automotive industry was severely hit and experienced a decline of over 20 percent in overall automotive production due to stringent supply chain disruption caused by imposed lockdowns.

The automotive industry is one of the largest market for power management ICs. However, with the increasing demand for electric vehicles in the region, the outlook post COVID for the automotive industry seems to be favorable. With decreased income level, buyers opted to purchase necessities such as household goods and groceries instead of non-essential, big-ticket purchases like home theatres and LCD TVs. Other sectors that deploy power management ICs such as electric/electronics, manufacturing & construction, telecommunication network, also experienced a weak demand.

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The List of Companies
NXP Semiconductors
Analog Devices, Inc.
INFINEON TECHNOLOGIES AG
ROHM CO., LTD.
Microchip Technology Inc.
Vishay Intertechnology, Inc.
Renesas Electronics Corporation
STMicroelectronics
Texas Instruments Incorporated
Qorvo, Inc.

1) Segments Covered

By Product Type
• Voltage Regulators
• Motor Control
• Battery Management
• Multi-Channel ICs
By End-Use
• Consumer Electronics
• Automotive
• Healthcare
• IT and Telecom
• Industrial

The Power Within: Decoding the Dynamics of the Power Management IC Market
The Power Management Integrated Circuit (PMIC) market is a critical, yet often understated, component of the global electronics ecosystem. These tiny chips, responsible for regulating and distributing power within electronic devices, are the unsung heroes powering everything from smartphones and laptops to complex industrial machinery and electric vehicles. As the world becomes increasingly reliant on electronic devices, the demand for efficient and reliable power management solutions is surging, propelling the PMIC market to unprecedented heights.
The Foundation of Electronic Efficiency: Understanding PMICs
At its core, a PMIC is a specialized integrated circuit that manages the power requirements of electronic devices. It acts as a central hub, receiving power from a source (battery, AC adapter, etc.) and distributing it to various components at the appropriate voltage and current levels. This seemingly simple task is crucial for ensuring the optimal performance, efficiency, and longevity of electronic devices.
PMICs come in a wide range of configurations, each tailored to specific applications. They can include features such as:
• Voltage Regulators: To maintain a stable voltage supply to sensitive components.
• Battery Management Systems (BMS): To monitor and control battery charging and discharging.
• DC-DC Converters: To convert one voltage level to another.
• Power Sequencers: To control the order in which different components receive power.
• Thermal Management: To prevent overheating and ensure device reliability.
Drivers of Market Growth: A Multifaceted Landscape
The PMIC market is experiencing robust growth, driven by a confluence of factors:
• Proliferation of Portable Electronics: The ever-increasing demand for smartphones, tablets, laptops, and other portable devices is a major driver of PMIC growth. These devices require sophisticated power management solutions to maximize battery life and ensure efficient operation.
• Rise of the Internet of Things (IoT): The IoT revolution is creating a vast network of interconnected devices, from smart home appliances to industrial sensors. Each of these devices requires efficient power management, fueling demand for low-power PMICs.
• Electric Vehicle (EV) Boom: The rapid adoption of EVs is transforming the automotive industry and creating a massive demand for high-power PMICs. EVs require complex power management systems to handle the high voltages and currents involved in battery charging and motor control.
• Growth of Data Centers: The explosion of data generation and consumption is driving the growth of data centers, which require efficient power management solutions to minimize energy consumption and reduce operating costs.
• Industrial Automation: The increasing adoption of automation in manufacturing and other industries is driving demand for robust and reliable PMICs for industrial applications.
• Renewable Energy: The growth of renewable energy sources, such as solar and wind power, is creating a demand for PMICs that can efficiently manage power conversion and distribution in these systems.

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