Global Power Semiconductor Market was Worth US$ 40.34 Billion in 2022, Estimated to Gain CAGR of 3.67% During 2023-2031.

Power semiconductors are electronic components that control and manage the flow of electrical power in various devices and systems. They include devices like transistors, diodes, and thyristors, used in applications such as power converters, motor drives, and voltage regulators. Power semiconductors enable efficient energy conversion and control, enhancing the performance of electrical systems.

Power ICs dominate the global power semiconductor market due to their compactness, efficiency, and versatility. Their integration of multiple functions into a single chip streamlines designs and enhances energy efficiency, making them a favored choice in various sectors.

COVID-19 Impact Analysis on Global Power Semiconductor Market

Before COVID-19, the power semiconductor market was experiencing steady growth, driven by rising demand for energy-efficient electronics and automotive innovations. However, the pandemic disrupted supply chains and temporarily slowed production. Post-COVID-19, the market rebounded as industries prioritized digitization, electric vehicles, and renewable energy solutions, accelerating the adoption of power semiconductors for enhanced energy management and sustainable technologies.

Global Power Semiconductor Market Revenue & Forecast, (US$ Million), 2015 – 2031

The growing shift towards electric vehicles is a significant driver for the power semiconductor market. As per data gathered it was reported that 30-45% of consumers across major markets considered purchasing EVs. As governments worldwide push for cleaner transportation, the demand for power semiconductors in EV powertrains and charging infrastructure escalates. Semiconductor components enhance battery management, motor control, and efficiency in EV systems, driving innovation in the market. Supply chain disruptions pose a notable restraint in the power semiconductor market. The pandemic highlighted vulnerabilities in global supply chains, disrupting component availability. As the market relies on intricate international networks, geopolitical tensions, trade restrictions, and unforeseen events can disrupt production, leading to delays and challenges in meeting demand, constraining market growth.

In the global power semiconductor market by material, Silicon has been the dominating segment due to its established usage and reliability. Silicon-based power semiconductors are widely used in various applications, including consumer electronics, industrial systems, and automotive components. Despite the emergence of new materials, silicon’s maturity, cost-effectiveness, and widespread adoption continue to maintain its dominance.

Asia Pacific accounted for a significant share of the global power semiconductor market in 2022. The region’s robust manufacturing ecosystem, particularly in countries like China, Japan, and South Korea, contributes to its prominence. Asia Pacific’s role as a hub for electronics production, automotive manufacturing, and consumer electronics fuels demand for power semiconductors. According to SEMI, Asia Pacific leads in semiconductor equipment and materials, underlining its significance in the global supply chain.

Competitive Landscape: Global Power Semiconductor Market

• Broadcom
• Danfoss
• Fuji Electric Co., Ltd.
• Infineon Technologies AG
• Mitsubishi Electric Corporation
• NXP Semiconductors
• Qorvo, Inc
• Renesas Electronics Corporation
• ROHM Co., Ltd.
• Semiconductor Components Industries, LLC
• STMicroelectronics
• Texas Instruments Incorporated
• Toshiba Corporation
• Wolfspeed, Inc.
• Other Industry Participants

Global Power Semiconductor Market Summary

Global Power Semiconductor Market

By Component

• Discrete

• • Rectifier
  • Bipolar
  • MOSFET
  • IGBT
  • Other Discrete Components (SiC and GaN)

• Modules

• • Thyristor
  • Others

• Power IC

• • Multichannel Pmics
  • DC/DC Switching Regulators
  • Linear Regulators
  • BMICs
  • Other Components

By Material

• Silicon
• Silicon Carbide (SiC)
• Gallium Nitride (GaN)

By End-user Industry

• Automotive
• Consumer Electronics
• IT and Telecommunication
• Military and Aerospace
• Power
• Industrial
• Other End-user Industries

By Region

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

Report Coverage & Deliverables

Table of Contents

.

.

**Exclusive for Multi-User and Enterprise User.

Global Power Semiconductor Market

By Component

By Material

By End-user Industry

By Region

**Note: The report covers cross-segmentation analysis by region further into countries

.

The Niche Research approach encompasses both primary and secondary research methods to provide comprehensive insights. While primary research is the cornerstone of our studies, we also incorporate secondary research sources such as company annual reports, premium industry databases, press releases, industry journals, and white papers.

Within our primary research, we actively engage with various industry stakeholders, conducting paid interviews and surveys. Our meticulous analysis extends to every market participant in major countries, allowing us to thoroughly examine their portfolios, calculate market shares, and segment revenues.

Our data collection primarily focuses on individual countries within our research scope, enabling us to estimate regional market sizes. Typically, we employ a bottom-up approach, meticulously tracking trends in different countries. We analyze growth drivers, constraints, technological innovations, and opportunities for each country, ultimately arriving at regional figures.Our process begins by examining the growth prospects of each country. Building upon these insights, we project growth and trends for the entire region. Finally, we utilize our proprietary model to refine estimations and forecasts.

Our data validation standards are integral to ensuring the reliability and accuracy of our research findings. Here’s a breakdown of our data validation processes and the stakeholders we engage with during our primary research:

• Supply Side Analysis: We initiate a supply side analysis by directly contacting market participants, through telephonic interviews and questionnaires containing both open-ended and close-ended questions. We gather information on their portfolios, segment revenues, developments, and growth strategies.
• Demand Side Analysis: To gain insights into adoption trends and consumer preferences, we reach out to target customers and users (non-vendors). This information forms a vital part of the qualitative analysis section of our reports, covering market dynamics, adoption trends, consumer behavior, spending patterns, and other related aspects.
• Consultant Insights: We tap into the expertise of our partner consultants from around the world to obtain their unique viewpoints and perspectives. Their insights contribute to a well-rounded understanding of the markets under investigation.
• In-House Validation: To ensure data accuracy and reliability, we conduct cross-validation of data points and information through our in-house team of consultants and utilize advanced data modeling tools for thorough verification.

The forecasts we provide are based on a comprehensive assessment of various factors, including:

• Market Trends and Past Performance (Last Five Years): We accurately analyze market trends and performance data from preceding five years to identify historical patterns and understand the market’s evolution.
• Historical Performance and Growth of Market Participants: We assess the historical performance and growth trajectories of key market participants. This analysis provides insights into the competitive landscape and individual company strategies.
• Market Determinants Impact Analysis (Next Eight Years): We conduct a rigorous analysis of the factors that are projected to influence the market over the next eight years. This includes assessing both internal and external determinants that can shape market dynamics.
• Drivers and Challenges for the Forecast Period:Identify the factors expected to drive market growth during the forecast period, as well as the challenges that the industry may face. This analysis aids in deriving an accurate growth rate projection.
• New Acquisitions, Collaborations, or Partnerships: We keep a close watch on any new acquisitions, collaborations, or partnerships within the industry. These developments can have a significant impact on market dynamics and competitiveness.
• Macro and Micro Factors Analysis:A thorough examination of both macro-level factors (e.g., economic trends, regulatory changes) and micro-level factors (e.g., technological advancements, consumer preferences) that may influence the market during the forecast period.
• End-User Sentiment Analysis: To understand the market from the end-user perspective, we conduct sentiment analysis. This involves assessing the sentiment, preferences, and feedback of the end-users, which can provide valuable insights into market trends.
• Perspective of Primary Participants: Insights gathered directly from primary research participants play a crucial role in shaping our forecasts. Their perspectives and experiences provide valuable qualitative data.
• Year-on-Year Growth Trend: We utilize a year-on-year growth trend based on historical market growth and expected future trends. This helps in formulating our growth projections, aligning them with the market’s historical performance.

Research process adopted by TNR involves multiple stages, including data collection, validation, quality checks, and presentation. It’s crucial that the data and information we provide add value to your existing market understanding and expertise. We have also established partnerships with business consulting, research, and survey organizations across regions and globally to collaborate on regional analysis and data validation, ensuring the highest level of accuracy and reliability in our reports.