The global power semiconductor market was valued at US$46.72 billion in 2022. The market value is expected to reach US$62.26 billion by 2028. Power semiconductors are used to rectify and amplify electrical signals or turn the flow of electricity on and off. Unlike regular semiconductors, however, these devices are designed to handle high electrical currents and high voltages of up to several gigawatts, which is their main difference from other semiconductor devices.
Based on operating features, power devices are used in power transmission and distribution, automotive and transport, renewable energy, consumer electronics, and other industrial applications. They play a key role in the sustainable and efficient use of energy, and can be used to transport energy over long distances with minimal losses. Moreover, the demand for power management devices such as voltage regulators, power switches, and power drivers is increasing due to the growing complexity of electronic systems, which is further contributing to the power semiconductor market growth. The market is expected to grow at a CAGR of approx. 5% during the forecasted period of 2023-2028.
Scope of the Report:
The report titled “Global Power Semiconductor Market: Analysis By Type (Power IC, MOSFET, IGBT, Diode, Thyristor, and BJT), By Application (Automotive, Consumer Electronics, Industrial, Telecommunication, and Other), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028”, includes :
-- An in-depth analysis of the global power semiconductor market by value, by type, by application, by region, etc.
-- The regional analysis of the power semiconductor market, including the following regions:
Asia Pacific (China, Japan, and the Rest of the Asia Pacific)
Europe (Germany, Italy, UK, France, and Rest of the Europe)
North America (the US, Canada, and Mexico)
Rest of the World
-- Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.
-- Provides an analysis of the COVID-19 impact on the global power semiconductor market.
-- Assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall the power semiconductor market has also been forecasted for the period 2023-2028, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.
-- Evaluation of the potential role of the power semiconductor to improve the market status.
-- Identification of new technological developments, R&D activities, and product launches occuring in the power semiconductor market.
-- In-depth profiling of the key players, including the assessment of the business overview, market strategies, regional and business segments of the leading players in the market.
-- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
-- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.
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