Power Semiconductors Critical to EV Powertrains, Charging, and Inverters | Most Leading - Infineon Technologies AG, STMicroelectronics, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, Mitsubishi Electric Corporation

The global power semiconductor market reached US$ 56,155 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 171,709 million by 2031. The market is growing at a CAGR of 15.0% during the forecast period (2024-2031).

Power Semiconductor Market is comprehensively covered in the DataM Intelligence report, which offers critical data, industry trends, and market intelligence. The study delves into the competitive environment, assessing leading players on their product portfolios, pricing, financial health, strategic growth initiatives, and geographic expansion.

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Power semiconductors are critical components used to control and convert electrical power efficiently in applications such as electric vehicles, industrial machinery, and renewable energy systems. They manage high voltages and currents with minimal energy loss, enabling faster switching and improved performance. Innovations in materials like silicon carbide (SiC) and gallium nitride (GaN) are driving the next generation of high-efficiency power semiconductor devices.

Major players in the Power Semiconductor market

The prominent players in Power Semiconductor market research report are: Infineon Technologies AG, STMicroelectronics, NXP Semiconductors, Renesas Electronics Corporation, Robert Bosch GmbH, Mitsubishi Electric Corporation, Semiconductor Components Industries, LLC, LittelFuse, Texas Instruments, Analog Devices, Qualcomm, Semikron Elektronik GmbH & Co. KG, Toshiba Corporation and Fuji Electric Co., Ltd.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Power Semiconductor Market Key Development

→ In April 2023, Japan's Toppan launched a contract manufacturing service for power semiconductors to help device makers scale up mass production amid surging demand.

→ On February 16, 2023, Infineon Technologies began construction of a new 300-mm power semiconductor fab in Dresden, Germany, with production slated for 2026.

→ In October 2022, major power semiconductor firms including Wolfspeed, STMicroelectronics, SK Siltron, and Onsemi announced plans to expand SiC power semiconductor production to meet rising global demand and enhance supply chain resilience.

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Power Semiconductor Market Segments

By Component: Discrete, Module, Power Integrated Circuit

By Material: Silicon (Si), Silicon Carbide (SiC), Gallium Nitride (GaN), IGBT, MOSFET

By Application: Automotive, Consumer Electronics, Military & Aerospace, Industrial

The Power Semiconductor industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Regions Covered:

The global Power Semiconductor Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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