The power discrete and module market size has grown strongly in recent years. It will grow from $26.86 billion in 2023 to $28.82 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The expansion in the historic period can be credited to the shrinking size of electronic devices, heightened efficiency demands, increased requisition for power management systems, amplified utilization of power electronics in aerospace and defense, and escalating demand for power management systems in manufacturing.
The power discrete and module market size is expected to see strong growth in the next few years. It will grow to $38.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to the escalating requirement for electronics with reduced energy consumption, the burgeoning usage of electric vehicles (EVs), the expansion of consumer electronics, the extension of telecommunications infrastructure, and the mounting necessity for power sources. Noteworthy trends expected in the forecast period comprise the integration of renewable energy, technological advancements, the adoption of power semiconductor devices, progress in power semiconductor manufacturing technology, and the uptake of smart grid technology.
The increasing demand for electric vehicles is poised to drive the growth of the power discrete and module market in the foreseeable future. Electric vehicles (EVs) are vehicles powered either entirely or partially by electricity, as opposed to solely relying on internal combustion engines (ICEs) fueled by fossil fuels. The surge in demand for electric vehicles is driven by mounting environmental concerns, a focus on energy efficiency, and government initiatives aimed at reducing greenhouse gas emissions. Power discrete components and modules play a crucial role in advancing electric vehicle technology, providing essential power management and control for efficient and reliable operation. For example, in 2024, as reported by the International Energy Agency, electric car sales in 2023 exceeded those in 2022 by 3.5 million units, marking a 35% year-on-year increase. Hence, the growing demand for electric vehicles fuels the power discrete and module market.
Key players in the power discrete and module market are focusing on developing innovative products, such as dual-phase power modules, to address the escalating demand for energy-efficient and high-performance solutions across various industries. Dual-phase power modules are specialized electronic components utilized in power management systems to deliver efficient and reliable power. These modules integrate multiple power components, including transistors, diodes, and control circuitry, into a single package. For instance, in February 2024, Infineon Technologies, a Germany-based semiconductor company, introduced its TDM2254xD series dual-phase power modules engineered to enhance power supply efficiency for AI operations in data centers. This technology incorporates OptiMOS MOSFETs and features a novel packaging design and proprietary magnetic structure facilitating efficient heat transfer from the power stage to the heat sink through an optimized inductor design.
In February 2023, Micross, a US-based semiconductor company, acquired the high-reliability DC-DC converter business from Infineon Technologies AG for an undisclosed sum. This acquisition expands Micross' portfolio of power management solutions and adds significant intellectual property to its offerings. Infineon Technologies AG, based in Germany, specializes in manufacturing power discrete modules.
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.
North America was the largest region in the power discrete and module market in 2023. 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.
The countries covered in the power discrete and module market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Power discrete and modules are crucial components in power management and control applications, enabling the precise handling of high-power levels. They are essential for ensuring efficient power management and control, thereby enhancing the functionality and performance of a wide range of electronic and electrical systems.
There are two primary types of power discrete and modules power discrete and power module. Power discrete devices are individual semiconductor components designed to manage electrical power within electronic circuits. These components encompass various elements, including thyristors, diodes, rectifiers, MOSFETs, and IGBTs, made from materials such as silicon carbide (SiC), gallium nitride (GaN), and silicon (Si). They find applications across diverse industry sectors such as telecommunications, industrial, automotive, renewable energy, consumer electronics, enterprise solutions, military and defense, aerospace, and medical fields.
The power discrete and module market research report is one of a series of new reports that provides power discrete and module market statistics, including power discrete and module industry global market size, regional shares, competitors with a power discrete and module market share, detailed power discrete and module market segments, market trends and opportunities, and any further data you may need to thrive in the power discrete and module industry. This power discrete and module market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The power discrete and modules market consists of sales of transistors, inventor modules, and power-integrated modules. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The power discrete and module market size is expected to see strong growth in the next few years. It will grow to $38.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to the escalating requirement for electronics with reduced energy consumption, the burgeoning usage of electric vehicles (EVs), the expansion of consumer electronics, the extension of telecommunications infrastructure, and the mounting necessity for power sources. Noteworthy trends expected in the forecast period comprise the integration of renewable energy, technological advancements, the adoption of power semiconductor devices, progress in power semiconductor manufacturing technology, and the uptake of smart grid technology.
The increasing demand for electric vehicles is poised to drive the growth of the power discrete and module market in the foreseeable future. Electric vehicles (EVs) are vehicles powered either entirely or partially by electricity, as opposed to solely relying on internal combustion engines (ICEs) fueled by fossil fuels. The surge in demand for electric vehicles is driven by mounting environmental concerns, a focus on energy efficiency, and government initiatives aimed at reducing greenhouse gas emissions. Power discrete components and modules play a crucial role in advancing electric vehicle technology, providing essential power management and control for efficient and reliable operation. For example, in 2024, as reported by the International Energy Agency, electric car sales in 2023 exceeded those in 2022 by 3.5 million units, marking a 35% year-on-year increase. Hence, the growing demand for electric vehicles fuels the power discrete and module market.
Key players in the power discrete and module market are focusing on developing innovative products, such as dual-phase power modules, to address the escalating demand for energy-efficient and high-performance solutions across various industries. Dual-phase power modules are specialized electronic components utilized in power management systems to deliver efficient and reliable power. These modules integrate multiple power components, including transistors, diodes, and control circuitry, into a single package. For instance, in February 2024, Infineon Technologies, a Germany-based semiconductor company, introduced its TDM2254xD series dual-phase power modules engineered to enhance power supply efficiency for AI operations in data centers. This technology incorporates OptiMOS MOSFETs and features a novel packaging design and proprietary magnetic structure facilitating efficient heat transfer from the power stage to the heat sink through an optimized inductor design.
In February 2023, Micross, a US-based semiconductor company, acquired the high-reliability DC-DC converter business from Infineon Technologies AG for an undisclosed sum. This acquisition expands Micross' portfolio of power management solutions and adds significant intellectual property to its offerings. Infineon Technologies AG, based in Germany, specializes in manufacturing power discrete modules.
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.
North America was the largest region in the power discrete and module market in 2023. 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.
The countries covered in the power discrete and module market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Power discrete and modules are crucial components in power management and control applications, enabling the precise handling of high-power levels. They are essential for ensuring efficient power management and control, thereby enhancing the functionality and performance of a wide range of electronic and electrical systems.
There are two primary types of power discrete and modules power discrete and power module. Power discrete devices are individual semiconductor components designed to manage electrical power within electronic circuits. These components encompass various elements, including thyristors, diodes, rectifiers, MOSFETs, and IGBTs, made from materials such as silicon carbide (SiC), gallium nitride (GaN), and silicon (Si). They find applications across diverse industry sectors such as telecommunications, industrial, automotive, renewable energy, consumer electronics, enterprise solutions, military and defense, aerospace, and medical fields.
The power discrete and module market research report is one of a series of new reports that provides power discrete and module market statistics, including power discrete and module industry global market size, regional shares, competitors with a power discrete and module market share, detailed power discrete and module market segments, market trends and opportunities, and any further data you may need to thrive in the power discrete and module industry. This power discrete and module market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The power discrete and modules market consists of sales of transistors, inventor modules, and power-integrated modules. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Power Discrete and Module Market Characteristics3. Power Discrete and Module Market Trends and Strategies32. Global Power Discrete and Module Market Competitive Benchmarking33. Global Power Discrete and Module Market Competitive Dashboard34. Key Mergers and Acquisitions in the Power Discrete and Module Market
4. Power Discrete and Module Market - Macro Economic Scenario
5. Global Power Discrete and Module Market Size and Growth
6. Power Discrete and Module Market Segmentation
7. Power Discrete and Module Market Regional and Country Analysis
8. Asia-Pacific Power Discrete and Module Market
9. China Power Discrete and Module Market
10. India Power Discrete and Module Market
11. Japan Power Discrete and Module Market
12. Australia Power Discrete and Module Market
13. Indonesia Power Discrete and Module Market
14. South Korea Power Discrete and Module Market
15. Western Europe Power Discrete and Module Market
16. UK Power Discrete and Module Market
17. Germany Power Discrete and Module Market
18. France Power Discrete and Module Market
19. Italy Power Discrete and Module Market
20. Spain Power Discrete and Module Market
21. Eastern Europe Power Discrete and Module Market
22. Russia Power Discrete and Module Market
23. North America Power Discrete and Module Market
24. USA Power Discrete and Module Market
25. Canada Power Discrete and Module Market
26. South America Power Discrete and Module Market
27. Brazil Power Discrete and Module Market
28. Middle East Power Discrete and Module Market
29. Africa Power Discrete and Module Market
30. Power Discrete and Module Market Competitive Landscape and Company Profiles
31. Power Discrete and Module Market Other Major and Innovative Companies
35. Power Discrete and Module Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Power Discrete And Module Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on power discrete and module market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for power discrete and module? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The power discrete and module market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Power Discrete; Power Module2) 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
Key Companies Mentioned: Mitsubishi Electric Corporation; Toshiba Corporation; Texas Instruments Incorporated; STMicroelectronics N.V.; Infineon Technologies AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 28.82 Billion |
Forecasted Market Value ( USD | $ 38.66 Billion |
Compound Annual Growth Rate | 7.6% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |