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Primary Catalyst Driving Power Discrete And Module Market Evolution in 2025: Surge In Electric Vehicle Demand Fuels Growth In Power Discrete And Module Market Driver
Power Discrete And Module
The rising demand for electric vehicles is also expected to boost the power discrete and module market. EVs are growing in popularity due to their environmental benefits, energy efficiency, and government policies to reduce carbon emissions. Power discrete components and modules are crucial for managing power in EVs, ensuring optimal performance and reliability. For example, in 2024, the International Energy Agency reported that electric car sales in 2023 were 35% higher than in 2022. Thus, the growing demand for electric vehicles is fueling the power discrete and module market.
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How will the growth rate of the power discrete and module market shape industry trends by 2034?
The power discrete and module market has grown significantly in recent years. It will expand from $28.82 billion in 2024 to $31.09 billion in 2025, at a CAGR of 7.9%. Factors contributing to this growth include the miniaturization of electronic devices, increasing efficiency demands, rising need for power management systems, growing use of power electronics in aerospace and defense, and the need for power management in manufacturing.
The power discrete and module market is projected to grow to $41.53 billion by 2029, with a CAGR of 7.5%. The growth is driven by the demand for low-energy electronics, the rise of electric vehicles (EVs), consumer electronics, and telecommunications infrastructure. Major trends include renewable energy integration, power semiconductor adoption, and smart grid technology advancements.
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What are the most significant trends transforming the power discrete and module market today?
Companies in the power discrete and module market are developing dual-phase power modules to meet the demand for energy-efficient solutions. Infineon Technologies, a Germany-based semiconductor company, introduced the TDM2254xD series dual-phase power modules in February 2024, designed to improve power supply efficiency for AI operations in data centers, with innovative packaging and magnetic structures for optimal heat transfer.
Which primary segments of the power discrete and module market are driving growth and industry transformations?
The power discrete and module market covered in this report is segmented -
1) By Type: Power Discrete, Power Module
2) By Component: Thyristor, Diode, Rectifier, MOSFET, IGBT, Other Components
3) By Material: Silicon Carbide (SiC), Gallium Nitride (GaN), Silicon (Si)
4) By Industry Vertical: Telecommunication, Industrial, Automotive, Renewable, Consumer And Enterprise, Military, Defense And Aerospace, Medical
Subsegments:
1) By Power Discrete: Diodes (Schottky, Zener, Rectifier), Transistors (MOSFET, IGBT, BJT), Thyristors, Triacs, Rectifiers, Other Power Discrete Components
2) By Power Module: IGBT Modules, MOSFET Modules, Rectifier Modules, AC-DC Power Modules, DC-DC Power Modules, SiC Power Modules, Other Power Modules
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Which geographical regions are pioneering growth in the power discrete and module market?
North America was the largest region in the power discrete and module market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power discrete and module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the power discrete and module market landscape?
Major companies operating in the power discrete and module market are Mitsubishi Electric Corporation, Toshiba Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, Microchip Technology Inc., Fuji Electric Co. Ltd., ROHM Semiconductor, Vishay Intertechnology Inc., Littelfuse Inc., Diodes Incorporated, Alpha & Omega Semiconductor Limited, MACOM Technology Solutions Holdings Inc, Power Integrations Inc., Advanced Power Electronics Corp (APEC), Dynex Semiconductor Ltd., GaN Systems Inc., GeneSiC Semiconductor Inc., Semikron International GmbH, Microsemi Corporation, IXYS Corporation
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What Is Covered In The Power Discrete And Module Global Market Report?
•Market Size Forecast: Examine the power discrete and module market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the power discrete and module market for a structured understanding.
•Key Players Overview: Analyze major players in the power discrete and module market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the power discrete and module market.
•Segment Contributions: Evaluate how different segments drive overall growth in the power discrete and module market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the power discrete and module market.
•Industry Challenges: Identify potential risks and obstacles affecting the power discrete and module market.
•Competitive Landscape: Review strategic developments in the power discrete and module market, including expansions, agreements, and new product launches.
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