Surge In Electric Vehicle Demand Fuels Growth In Power Discrete And Module Market: Transformative Forces Shaping the Power Discrete And Module Market Landscape in 2025

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What Will the Power Discrete And Module Industry Market Size Be by 2025?
The market size of power discrete and module experienced substantial growth in the past years. The value is anticipated to rise from $28.82 billion in 2024 to approximately $30.49 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.8%. The upsurge in the previous period is credited to factors such as the reduction in size of electronic devices, heightened efficiency needs, rising demand for power management systems, expanding use of power electronics in the sectors of aerospace and defense, coupled with an intensified craving for power management systems in the manufacturing industry.

What's the Long-Term Growth Forecast for the Power Discrete And Module Market Size Through 2029?
Over the ensuing years, the power discrete and module market is poised for robust growth. It is forecasted to escalate to $39.21 billion in 2029, fuelled by a compound annual growth rate (CAGR) of 6.5%. Factors contributing to this growth in the estimated period encompass increasing demand for low-energy consuming electronics, a rise in the usage of electric vehicles (EVs), expansion of the consumer electronics sector, and enhancement of telecommunications infrastructure. Furthermore, the growing need for power sources is also a key contributor. Key trends throughout the prediction period include the incorporation of renewable energy, technological developments, increased use of power semiconductor devices, enhancements in power semiconductor manufacturing, and the implementation of smart grid technology.

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What Are the Key Growth Drivers Fueling the Power Discrete And Module Market Expansion?
The growth of the power discrete and module market is anticipated to be driven by the escalating demand for electric vehicles. Electric vehicles (EVs), which rely partially or entirely on electricity instead of strictly on internal combustion engines (ICEs) using fossil fuels, are in higher demand. This upswing is attributed to heightened awareness of the environment, a focus on energy efficiency, and initiatives by governments to curtail greenhouse emissions. Power discrete components and modules play a crucial role in the evolution of electric vehicle technology by providing indispensable power management and control for effective and dependable functioning. The International Energy Agency, a France-based government body, noted in 2024 that electric car sales in 2023 outstripped those in 2022 by 3.5 million, marking a year-on-year growth of 35%. Thus, the growing demand for electric vehicles spurs the power discrete and module market.

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Which Fast-Growing Trends Are Poised to Disrupt the Power Discrete And Module Market?
Leading businesses in the power discrete and module market are creating pioneering products like dual-phase power modules to cater to the increasing need for energy-saving and high-performance solutions in a variety of industries. Dual-phase power modules are specific electronic components used in power regulating systems to deliver effective and trustworthy power. These modules incorporate several power elements like transistors, diodes, and regulating circuits in a single unit. For example, Infineon Technologies, a semiconductor firm from Germany, introduced its TDM2254xD series dual-phase power modules in February 2024. These modules are aimed at improving power supply efficiency for AI operations in data centers. They use OptiMOS MOSFETs and come with a unique packaging design and exclusive magnetic structure that assists in effective heat transfer from the power stage to the heat sink through an especially optimized inductor design.

How Is the Power Discrete And Module Market Segmented?
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 Companies Are Leading the Charge in Power Discrete And Module Market Innovation?
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

Which Regions Are Leading the Global Power Discrete And Module Market in Revenue?
North America was the largest region in the power discrete and module market in 2024. 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.

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