Power Semiconductor Market to Exceed Valuation of $75.1 billion by 2032

Allied Market Research published an exclusive report, titled, “Global Power Semiconductor Market by Material (SiC, GaN, Others), by Product (Power MOSFET, IGBT, Thyristor, Power Diode, Others), by Industry Vertical (IT and Telecom, Aerospace and Defense, Industrial, Energy and Power, Electronics, Automotive, Healthcare): Global Opportunity Analysis and Industry Forecast, 2023-2032”.

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The global power semiconductor market report summarizes market developments, competitor analysis, and future market and technological predictions. The report also assists the major market players in increasing their market share and maintaining their competitive position in the sector. It does this by highlighting the global power semiconductor market from 2022 to 2031.

“The global power semiconductor market was valued at $48.9 billion in 2022, and is projected to reach $75.1 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.”

Additionally, it offers a qualitative analysis of a range of factors, such as the strategies employed by significant rivals, implicit possibilities, immediate impact on market size, regulatory framework, and economic influence. Significant investments are also included in the market research, on which stakeholders can base their CAGR and relative power semiconductor market shares.

Research Methodology

The research operandi of the global power semiconductor market includes significant primary as well as secondary research. When the primary methodology encompasses widespread discussion with a plethora of valued participants, the secondary research involves a substantial amount of product/service descriptions. Furthermore, several government sites, industry bulletins, and
press releases have also been properly examined to bring forth high-value industry insights.

Key Market Segments

By Product
• Silicon Carbonate (SiC)
• Gallium Nitride (GaN)
• Others

By Application
• IT and Telecommunication
• Consumer Electronics
• Automotive
• Aerospace and Defense
• Transportation
• Medical
• Energy and Power
• Others

By Component
• Discrete
• Module
• Power Integrated Circuits

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The power semiconductor market is evaluated based on its regional penetration, explaining the performance of the industry in each geographicregions covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

Some of the Broader Aspects That Our AMR Team Focuses On Are:

  • The teams emphasize obtaining relevant insights into various models of competitive advantage
    while developing a core environment analysis.
  • Our professional team of analysts is always striving tounderstand the big picture of any industry, particularly in terms of its
    growth stages.
  • The specialists are also constantly adapting organizations’ value chain analysis procedures to better understand how customer value is generated.

Diodes are one of the simplest power semiconductors, and their primary function is to allow current flow in one direction while blocking it in the reverse direction. They are commonly used in rectifier circuits, where they convert alternating current (AC) into direct current (DC). Diodes are crucial for power factor correction, voltage regulation, and efficient energy utilization. Transistors are complex power semiconductors that can amplify and switch electrical signals. They are widely used for voltage and current control in various applications. Metal-Oxide-Semiconductor Field-Effect Transistors (MOSFETs) are common type of transistors used in power electronics.

They have high switching speeds, low on-resistance, and can handle high voltage and current levels. MOSFETs are used in applications such as motor drives, power supplies, and inverters. Thyristors, also known as silicon-controlled rectifiers (SCRs), are power semiconductors designed for high-power applications. Thyristors can handle high voltages and currents and are primarily used for controlling power in AC circuits. They are commonly used in applications like motor speed control, lighting systems, and electric heating. Power semiconductors also include insulated gate bipolar transistors (IGBTs), which combine the features of MOSFETs and bipolar junction transistors (BJTs). IGBTs offer high voltage capability and low conduction losses, making them suitable for high-power applications. They are extensively used in motor drives, renewable energy systems, and traction applications. 

The report also investigates the global power semiconductor market’s competitive landscape. It includes information about the product portfolios, market positioning, business performance, strengths, and market size and share analysis. It includes the strategies used by the frontrunners to grow and expand their presence by entering into agreements and entering new business sectors. Other strategic moves used by key market players involve joint ventures, product launches and mergers and acquisitions. The prominent market players discussed in the global power semiconductor market include Hitachi Ltd, Infineon Technologies AG, NXP Semiconductors N.V., Toshiba Corporation, Texas Instruments Incorporated, STMicroelectronics N. V., ON SEMICONDUCTOR CORPORATION, ABB Ltd., Renesas Electronics Corporation, Mitsubishi Electric Corporation..

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The global power semiconductor market report provides a detailed analysis of the industry based on the key parameters including sales analysis, market extent, essential drivers, and probable deals. The market is expected to grow significantly during the forecast period. Moreover, the report focuses on extensive statistics about the drivers, restraints, and opportunities that have a direct impact on the market. The drivers are the underlying factors that motivate consumers to purchase products, resulting in market expansion. The forces that cause the market to lag are known as restraints. The report additionally discusses opportunities to assist players in taking steps toward growth by assessing the potential in untapped regions.

Key Benefits for Stakeholders: 

  • Extensive market research, as well as information on major driving factors, restraining factors, and possible opportunities are provided. 
  • This research includes a quantitative study of the current trends, market segments, forecasts, and dynamics of the power semiconductor market analysis during the forecast period. 
  • An in-depth analysis of power semiconductor market segmentation helps in determining current market opportunities.  
  • Porter’s five forces study emphasizes the ability of consumers and vendors to strengthen their supplier-buyer network and make profitable business decisions. 
  • The report analyzes regional and global power semiconductor market trends, market segmentation, prominent players, market growth strategies, and application areas. 
  • Market participants’ positioning promotes comparative analysis and offers a clear knowledge of the market player’s current position. 
  • The major countries in each region are mapped based on their revenue contribution to the global power semiconductor market.  

The power semiconductor market report is a summary of the operations of various organizations in the sector from various regions. At the same time, the research examines the market size of four major regions: North America, Asia-Pacific, Europe, and LAMEA. The study is an excellent compilation of quantitative and qualitative data emphasizing key industry developments and challenges, as well as the lucrative opportunities available in the sector. These insights provide the necessary guidance to identify driving factors and implement strategies to achieve long-term growth and capitalize on market opportunities.

Key Points Covered by the Report-

  1. What are the fundamentalskills, core competencies, and key players in the industry we are examining?
  2. What are the opportunities for marketing strategies that are developing at a usual rate?
  3. What are the main competitive factors influencing the industry?
  4. What marketing tactics are suitable for a particular service or product?
  5. What geographical areas are covered by the power semiconductor market report?
  6. What share of this market would each of the following regions hold during the forecast period: Asia-Pacific, Europe, North America, and LAMEA?
  7. How has COVID-19 impacted the power semiconductor market?

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