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Power Semiconductor Market By Product, Gallium Nitride, By Component, By Application: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 320 Pages
  • September 2023
  • Region: Global
  • Allied Market Research
  • ID: 5894490
Description Jump to:
The power semiconductor market was valued at $48.9 billion in 2022 and is projected to reach $79.9 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032.

The power semiconductor market refers to the global industry involved in the production, distribution, and sale of power semiconductor devices and components. Power semiconductors are electronic devices specifically designed to handle high power levels in electrical circuits. They play a crucial role in various applications, including power electronics, renewable energy systems, electric vehicles, industrial automation, and more. The market for power semiconductors has witnessed significant growth in recent years due to the increasing demand for energy-efficient technologies, the transition towards renewable energy sources, and the rapid adoption of electric vehicles.

The power semiconductor market is segmented on the basis of material, product, industry vertical, and region. On the basis of material, the market is fragmented into silicon carbide (SiC), GaN, and others. On the basis of product, the market is segregated into power MOSFET, IGBT, Thyristor, power diode, and others. By industry vertical, the market is divided into IT & telecom, aerospace & defense, industrial, energy & power, electronics, automotive, and healthcare.

Region-wise, the wireless microphone market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The key players profiled in the report include Fujitsu Limited, Infineon Technologies, Maxim Integrated, Microchip Technology, NXP Semiconductors, ON Semiconductor Corporation, Renesas Electronics Corporation, STMicroelectronics, Texas Instruments, and Toshiba Corporation are provided in this report.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the power semiconductor market analysis from 2022 to 2032 to identify the prevailing power semiconductor market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the power semiconductor market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global power semiconductor market trends, key players, market segments, application areas, and market growth strategies.

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  • Product Benchmarking / Product specification and applications
  • Supply Chain Analysis & Vendor Margins
  • New Product Development/ Product Matrix of Key Players
  • Patient/epidemiology data at country, region, global level
  • Regulatory Guidelines
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • SWOT Analysis

Key Market Segments

By Application

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

By Product

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

By Component

  • Discrete
  • Module
  • Power Integrated Circuits

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • Toshiba Corporation.
  • Fuji Electric Co Ltd.
  • Texas Instruments Inc.
  • Hitachi, Ltd
  • Infineon Technologies AG
  • ON Semiconductor Corporation
  • NXP Semiconductors N.V.
  • Mitsubishi Electric Corporation
  • Renesas Electronics
  • STMicroelectronics N.V.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.5. Regulatory Guidelines
CHAPTER 4: POWER SEMICONDUCTOR MARKET, BY PRODUCT
4.1. Overview
4.2. Silicon Carbide (SiC)
4.3. Gallium Nitride (GaN)
4.4. Others
CHAPTER 5: POWER SEMICONDUCTOR MARKET, BY COMPONENT
5.1. Overview
5.2. Discrete
5.3. Module
5.4. Power Integrated Circuits
CHAPTER 6: POWER SEMICONDUCTOR MARKET, BY APPLICATION
6.1. Overview
6.2. IT and Telecommunication
6.3. Consumer Electronics
6.4. Automotive
6.5. Aerospace and Defense
6.6. Transportation
6.7. Medical
6.8. Energy and Power
6.9. Others
CHAPTER 7: POWER SEMICONDUCTOR MARKET, BY REGION
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. ON Semiconductor Corporation
9.2. Renesas Electronics
9.3. Toshiba Corporation.
9.4. NXP Semiconductors N.V.
9.5. Fuji Electric Co Ltd.
9.6. Infineon Technologies AG
9.7. Texas Instruments Inc.
9.8. STMicroelectronics N.V.
9.9. Mitsubishi Electric Corporation
9.10. Hitachi, Ltd
List of Tables
Table 01. Global Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 02. Power Semiconductor Market for Silicon Carbide (Sic), by Region, 2022-2032 ($ Million)
Table 03. Power Semiconductor Market for Gallium Nitride (Gan), by Region, 2022-2032 ($ Million)
Table 04. Power Semiconductor Market for Others, by Region, 2022-2032 ($ Million)
Table 05. Global Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 06. Power Semiconductor Market for Discrete, by Region, 2022-2032 ($ Million)
Table 07. Power Semiconductor Market for Module, by Region, 2022-2032 ($ Million)
Table 08. Power Semiconductor Market for Power Integrated Circuits, by Region, 2022-2032 ($ Million)
Table 09. Global Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 10. Power Semiconductor Market for It and Telecommunication, by Region, 2022-2032 ($ Million)
Table 11. Power Semiconductor Market for Consumer Electronics, by Region, 2022-2032 ($ Million)
Table 12. Power Semiconductor Market for Automotive, by Region, 2022-2032 ($ Million)
Table 13. Power Semiconductor Market for Aerospace and Defense, by Region, 2022-2032 ($ Million)
Table 14. Power Semiconductor Market for Transportation, by Region, 2022-2032 ($ Million)
Table 15. Power Semiconductor Market for Medical, by Region, 2022-2032 ($ Million)
Table 16. Power Semiconductor Market for Energy and Power, by Region, 2022-2032 ($ Million)
Table 17. Power Semiconductor Market for Others, by Region, 2022-2032 ($ Million)
Table 18. Power Semiconductor Market, by Region, 2022-2032 ($ Million)
Table 19. North America Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 20. North America Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 21. North America Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 22. North America Power Semiconductor Market, by Country, 2022-2032 ($ Million)
Table 23. U.S. Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 24. U.S. Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 25. U.S. Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 26. Canada Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 27. Canada Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 28. Canada Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 29. Mexico Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 30. Mexico Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 31. Mexico Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 32. Europe Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 33. Europe Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 34. Europe Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 35. Europe Power Semiconductor Market, by Country, 2022-2032 ($ Million)
Table 36. UK Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 37. UK Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 38. UK Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 39. Germany Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 40. Germany Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 41. Germany Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 42. France Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 43. France Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 44. France Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 45. Rest of Europe Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 46. Rest of Europe Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 47. Rest of Europe Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 48. Asia-Pacific Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 49. Asia-Pacific Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 50. Asia-Pacific Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 51. Asia-Pacific Power Semiconductor Market, by Country, 2022-2032 ($ Million)
Table 52. China Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 53. China Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 54. China Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 55. Japan Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 56. Japan Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 57. Japan Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 58. India Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 59. India Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 60. India Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 61. South Korea Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 62. South Korea Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 63. South Korea Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 64. Rest of Asia-Pacific Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 65. Rest of Asia-Pacific Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 66. Rest of Asia-Pacific Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 67. LAMEA Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 68. LAMEA Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 69. LAMEA Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 70. LAMEA Power Semiconductor Market, by Country, 2022-2032 ($ Million)
Table 71. Latin America Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 72. Latin America Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 73. Latin America Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 74. Middle East Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 75. Middle East Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 76. Middle East Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 77. Africa Power Semiconductor Market, by Product, 2022-2032 ($ Million)
Table 78. Africa Power Semiconductor Market, by Component, 2022-2032 ($ Million)
Table 79. Africa Power Semiconductor Market, by Application, 2022-2032 ($ Million)
Table 80. On Semiconductor Corporation: Key Executives
Table 81. On Semiconductor Corporation: Company Snapshot
Table 82. On Semiconductor Corporation: Product Segments
Table 83. On Semiconductor Corporation: Product Portfolio
Table 84. On Semiconductor Corporation: Key Stratergies
Table 85. Renesas Electronics: Key Executives
Table 86. Renesas Electronics: Company Snapshot
Table 87. Renesas Electronics: Service Segments
Table 88. Renesas Electronics: Product Portfolio
Table 89. Renesas Electronics: Key Stratergies
Table 90. Toshiba Corporation.: Key Executives
Table 91. Toshiba Corporation.: Company Snapshot
Table 92. Toshiba Corporation.: Service Segments
Table 93. Toshiba Corporation.: Product Portfolio
Table 94. Toshiba Corporation.: Key Stratergies
Table 95. Nxp Semiconductors N.V.: Key Executives
Table 96. Nxp Semiconductors N.V.: Company Snapshot
Table 97. Nxp Semiconductors N.V.: Product Segments
Table 98. Nxp Semiconductors N.V.: Product Portfolio
Table 99. Nxp Semiconductors N.V.: Key Stratergies
Table 100. Fuji Electric Co Ltd.: Key Executives
Table 101. Fuji Electric Co Ltd.: Company Snapshot
Table 102. Fuji Electric Co Ltd.: Product Segments
Table 103. Fuji Electric Co Ltd.: Product Portfolio
Table 104. Fuji Electric Co Ltd.: Key Stratergies
Table 105. Infineon Technologies Ag: Key Executives
Table 106. Infineon Technologies Ag: Company Snapshot
Table 107. Infineon Technologies Ag: Product Segments
Table 108. Infineon Technologies Ag: Product Portfolio
Table 109. Infineon Technologies Ag: Key Stratergies
Table 110. Texas Instruments Inc.: Key Executives
Table 111. Texas Instruments Inc.: Company Snapshot
Table 112. Texas Instruments Inc.: Product Segments
Table 113. Texas Instruments Inc.: Product Portfolio
Table 114. Texas Instruments Inc.: Key Stratergies
Table 115. Stmicroelectronics N.V.: Key Executives
Table 116. Stmicroelectronics N.V.: Company Snapshot
Table 117. Stmicroelectronics N.V.: Product Segments
Table 118. Stmicroelectronics N.V.: Product Portfolio
Table 119. Stmicroelectronics N.V.: Key Stratergies
Table 120. Mitsubishi Electric Corporation: Key Executives
Table 121. Mitsubishi Electric Corporation: Company Snapshot
Table 122. Mitsubishi Electric Corporation: Product Segments
Table 123. Mitsubishi Electric Corporation: Product Portfolio
Table 124. Mitsubishi Electric Corporation: Key Stratergies
Table 125. Hitachi, Ltd: Key Executives
Table 126. Hitachi, Ltd: Company Snapshot
Table 127. Hitachi, Ltd: Service Segments
Table 128. Hitachi, Ltd: Product Portfolio
Table 129. Hitachi, Ltd: Key Stratergies
List of Figures
Figure 01. Power Semiconductor Market, 2022-2032
Figure 02. Segmentation of Power Semiconductor Market, 2022-2032
Figure 03. Top Impacting Factors in Power Semiconductor Market (2022 to 2032)
Figure 04. Top Investment Pockets in Power Semiconductor Market (2023-2032)
Figure 05. Moderate Threat of Substitutes
Figure 06. Moderate Intensity of Rivalry
Figure 07. Moderate Bargaining Power of Suppliers
Figure 08. Moderate to High Threat of New Entrants
Figure 09. Moderate to High Bargaining Power of Buyers
Figure 10. Global Power Semiconductor Market: Drivers, Restraints and Opportunities
Figure 11. Regulatory Guidelines: Power Semiconductor Market
Figure 12. Power Semiconductor Market, by Product, 2022 and 2032 (%)
Figure 13. Comparative Share Analysis of Power Semiconductor Market for Silicon Carbide (Sic), by Country 2022 and 2032 (%)
Figure 14. Comparative Share Analysis of Power Semiconductor Market for Gallium Nitride (Gan), by Country 2022 and 2032 (%)
Figure 15. Comparative Share Analysis of Power Semiconductor Market for Others, by Country 2022 and 2032 (%)
Figure 16. Power Semiconductor Market, by Component, 2022 and 2032 (%)
Figure 17. Comparative Share Analysis of Power Semiconductor Market for Discrete, by Country 2022 and 2032 (%)
Figure 18. Comparative Share Analysis of Power Semiconductor Market for Module, by Country 2022 and 2032 (%)
Figure 19. Comparative Share Analysis of Power Semiconductor Market for Power Integrated Circuits, by Country 2022 and 2032 (%)
Figure 20. Power Semiconductor Market, by Application, 2022 and 2032 (%)
Figure 21. Comparative Share Analysis of Power Semiconductor Market for It and Telecommunication, by Country 2022 and 2032 (%)
Figure 22. Comparative Share Analysis of Power Semiconductor Market for Consumer Electronics, by Country 2022 and 2032 (%)
Figure 23. Comparative Share Analysis of Power Semiconductor Market for Automotive, by Country 2022 and 2032 (%)
Figure 24. Comparative Share Analysis of Power Semiconductor Market for Aerospace and Defense, by Country 2022 and 2032 (%)
Figure 25. Comparative Share Analysis of Power Semiconductor Market for Transportation, by Country 2022 and 2032 (%)
Figure 26. Comparative Share Analysis of Power Semiconductor Market for Medical, by Country 2022 and 2032 (%)
Figure 27. Comparative Share Analysis of Power Semiconductor Market for Energy and Power, by Country 2022 and 2032 (%)
Figure 28. Comparative Share Analysis of Power Semiconductor Market for Others, by Country 2022 and 2032 (%)
Figure 29. Power Semiconductor Market by Region, 2022 and 2032 (%)
Figure 30. U.S. Power Semiconductor Market, 2022-2032 ($ Million)
Figure 31. Canada Power Semiconductor Market, 2022-2032 ($ Million)
Figure 32. Mexico Power Semiconductor Market, 2022-2032 ($ Million)
Figure 33. UK Power Semiconductor Market, 2022-2032 ($ Million)
Figure 34. Germany Power Semiconductor Market, 2022-2032 ($ Million)
Figure 35. France Power Semiconductor Market, 2022-2032 ($ Million)
Figure 36. Rest of Europe Power Semiconductor Market, 2022-2032 ($ Million)
Figure 37. China Power Semiconductor Market, 2022-2032 ($ Million)
Figure 38. Japan Power Semiconductor Market, 2022-2032 ($ Million)
Figure 39. India Power Semiconductor Market, 2022-2032 ($ Million)
Figure 40. South Korea Power Semiconductor Market, 2022-2032 ($ Million)
Figure 41. Rest of Asia-Pacific Power Semiconductor Market, 2022-2032 ($ Million)
Figure 42. Latin America Power Semiconductor Market, 2022-2032 ($ Million)
Figure 43. Middle East Power Semiconductor Market, 2022-2032 ($ Million)
Figure 44. Africa Power Semiconductor Market, 2022-2032 ($ Million)
Figure 45. Top Winning Strategies, by Year (2022-2023)
Figure 46. Top Winning Strategies, by Development (2022-2023)
Figure 47. Top Winning Strategies, by Company (2022-2023)
Figure 48. Product Mapping of Top 10 Players
Figure 49. Competitive Dashboard
Figure 50. Competitive Heatmap: Power Semiconductor Market
Figure 51. Top Player Positioning, 2022
Figure 52. On Semiconductor Corporation: Net Revenue, 2020-2022 ($ Million)
Figure 53. On Semiconductor Corporation: Revenue Share by Segment, 2022 (%)
Figure 54. On Semiconductor Corporation: Revenue Share by Region, 2022 (%)
Figure 55. Renesas Electronics: Net Revenue, 2020-2022 ($ Million)
Figure 56. Renesas Electronics: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 57. Renesas Electronics: Revenue Share by Segment, 2022 (%)
Figure 58. Renesas Electronics: Revenue Share by Region, 2022 (%)
Figure 59. Toshiba Corporation.: Net Revenue, 2021-2023 ($ Million)
Figure 60. Toshiba Corporation.: Revenue Share by Segment, 2023 (%)
Figure 61. Toshiba Corporation.: Revenue Share by Region, 2022 (%)
Figure 62. Nxp Semiconductors N.V.: Net Revenue, 2020-2022 ($ Million)
Figure 63. Nxp Semiconductors N.V.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 64. Nxp Semiconductors N.V.: Revenue Share by Segment, 2022 (%)
Figure 65. Nxp Semiconductors N.V.: Revenue Share by Region, 2022 (%)
Figure 66. Fuji Electric Co Ltd.: Net Revenue, 2020-2022 ($ Million)
Figure 67. Fuji Electric Co Ltd.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 68. Fuji Electric Co Ltd.: Revenue Share by Segment, 2022 (%)
Figure 69. Fuji Electric Co Ltd.: Revenue Share by Region, 2022 (%)
Figure 70. Infineon Technologies Ag: Research & Development Expenditure, 2019-2021 ($ Million)
Figure 71. Infineon Technologies Ag: Net Sales, 2020-2022 ($ Million)
Figure 72. Infineon Technologies Ag: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 73. Infineon Technologies Ag: Revenue Share by Segment, 2022 (%)
Figure 74. Infineon Technologies Ag: Revenue Share by Region, 2022 (%)
Figure 75. Texas Instruments Inc.: Net Revenue, 2020-2022 ($ Million)
Figure 76. Texas Instruments Inc.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 77. Texas Instruments Inc.: Revenue Share by Segment, 2022 (%)
Figure 78. Texas Instruments Inc.: Revenue Share by Region, 2022 (%)
Figure 79. Stmicroelectronics N.V.: Research & Development Expenditure, 2020-2022 ($Billion)
Figure 80. Stmicroelectronics N.V.: Net Revenue, 2020-2022 ($ Million)
Figure 81. Stmicroelectronics N.V.: Revenue Share by Segment, 2021 (%)
Figure 82. Stmicroelectronics N.V.: Revenue Share by Region, 2021 (%)
Figure 83. Mitsubishi Electric Corporation: Net Revenue, 2020-2022 ($ Million)
Figure 84. Mitsubishi Electric Corporation: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 85. Mitsubishi Electric Corporation: Revenue Share by Segment, 2022 (%)
Figure 86. Mitsubishi Electric Corporation: Revenue Share by Region, 2022 (%)
Figure 87. Hitachi, Ltd: Net Revenue, 2020-2022 ($ Million)
Figure 88. Hitachi, Ltd: Revenue Share by Segment, 2022 (%)
Figure 89. Hitachi, Ltd: Revenue Share by Region, 2022 (%)

Executive Summary

According to the report, the power semiconductor market was valued at $48.9 billion in 2022, and is estimated to reach $79.9 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032. The power semiconductor market is likely to experience a significant growth rate of 4.9% from 2023-2032.

Power semiconductors are electronic devices designed to handle high levels of power and voltage in various applications. They play a crucial role in power conversion and control, enabling efficient and reliable operation of electronic systems. These semiconductors come in various types, such as power diodes, power transistors, insulated gate bipolar transistors (IGBTs), and thyristors, each tailored for specific power-handling requirements. The power semiconductor market has been witnessing substantial growth due to the increasing demand for energy-efficient solutions in the industrial, automotive, consumer electronics, and renewable energy sectors. As technology advances and new applications emerge, the power semiconductor market continues to evolve, with a focus on improving efficiency, reliability, and miniaturization.

The consumer electronics industry has been a significant driving force behind the growth of the power semiconductor market. With the rapid evolution of smartphones, tablets, laptops, and other gadgets, there has been a constant demand for more powerful and energy-efficient devices. Power semiconductors play a crucial role in enhancing the performance and efficiency of these consumer electronics by providing efficient power management, voltage regulation, and high-speed switching capabilities. Consumers expect longer battery life, faster processing speeds, and advanced features in their electronic devices, and power semiconductors enable manufacturers to meet these demands. As the consumer electronics sector continues to innovate and introduce new products, the need for innovative and reliable power semiconductor solutions will remain high, contributing to the sustained growth of the power semiconductor market.

Heat dissipation issues pose a significant restraint on the power semiconductor market. Power semiconductor devices, especially those handling high voltages and currents, generate considerable heat during operation. Inadequate heat management can lead to reduced performance, thermal stress, and ultimately, device failure. As power semiconductor technologies advance and devices become more power-dense, effective heat dissipation becomes even more critical. Manufacturers must invest in advanced cooling solutions, such as heat sinks and thermal management techniques, to ensure the reliable and efficient operation of power semiconductors. Moreover, the demand for power semiconductor devices in high-temperature environments, such as automotive and industrial applications, further intensifies the need for robust heat dissipation solutions. Addressing heat dissipation challenges remains an ongoing concern for the power semiconductor industry to enhance reliability, prolong device lifespan, and unleash the full potential of these critical components.

The growing Electric Vehicle (EV) market presents significant opportunities for the power semiconductor industry, particularly in the development of EV infrastructure. As the adoption of electric vehicles continues to rise, there is a burgeoning need for efficient and high-performance power semiconductor components to support various aspects of EV charging infrastructure. Power semiconductors play a vital role in charging stations, power converters, and motor drives within EVs. Manufacturers have the chance to innovate and create advanced power semiconductor solutions that can handle higher power levels, enable faster charging times, and improve overall energy efficiency in EV charging networks. Moreover, as governments and organizations invest in expanding the EV charging infrastructure, there is considerable market potential for power semiconductor companies to provide reliable and cost-effective solutions that will drive the electrification of transportation and contribute to a more sustainable future.

The power semiconductor market is segmented on the basis of material, component, application, and region. On the basis of material, the market is segmented into silicon carbide (SiC), gallium nitride (GaN), and others. On the basis of components, the market is segregated into discrete, module, and power integrated circuits. By application, the market is divided into IT & telecom, consumer electronics, automotive, aerospace & defense, transportation, medical, energy and power, and others.

Region-wise, the power semiconductor market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The key players profiled in the report include Technologies AG, Texas Instruments Inc., STMicroelectronics N.V., NXP Semiconductors N.V., ON Semiconductor Corporation, Mitsubishi Electric Corporation., Renesas Electronics Corporation, Toshiba Corporation, Fuji Electric Co., Ltd., Hitachi, Ltd.

Key Market Insights

In 2022, by product, the Silicon Carbide (SiC) segment was the highest revenue contributor to the market, with $28.60 billion in 2022, and is estimated to reach $45.97 billion by 2032, with a CAGR of 4.8%.

By component, the power discrete segment was the highest revenue contributor to the market, with $21.97 billion in 2022, and is estimated to reach $32.16 billion by 2032, with a CAGR of 3.8%.

By application, the IT and Telecom segment was the highest revenue contributor to the market, with $14.90 billion in 2022, and is estimated to reach $23.30 billion by 2032, with a CAGR of 4.5%.

By region, Asia-Pacific was the highest revenue contributor, accounting for $21.44 billion in 2022, and is estimated to reach $37.84 billion by 2032, with a CAGR of 5.7%.

Companies Mentioned

  • Toshiba Corporation.
  • Fuji Electric Co Ltd.
  • Texas Instruments Inc.
  • Hitachi, Ltd
  • Infineon Technologies AG
  • ON Semiconductor Corporation
  • NXP Semiconductors N.V.
  • Mitsubishi Electric Corporation
  • Renesas Electronics
  • STMicroelectronics N.V.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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