Power Semiconductors Market Scope
Power semiconductors are used in power conversion such as in changing voltages and frequencies, as well as changing DC to AC and AC to DC. It plays a huge and indispensable role in driving motors from low to high speeds, supplying power grids with power generated from solar cells with less power loss, and providing a stable source of electricity to various home appliances and electrical equipment. Further, due to the incorporation of power semiconductors advanced technologies in consumer electronics, such as smartphones, smartwatches, and IoT devices, to work as small electronic gadgets and facilitate easy access of technology is gaining traction for the power semiconductors market.
According to AMA, the Global Power Semiconductors market is expected to see growth rate of 9.01%
The Global Power Semiconductor market is fragmented with numerous regional and international players. The increasing competition among key players to offer high-performance solutions will propel the power semiconductor market growth. The players are also involved in launching new products. For instance, in June 2018, ON Semiconductor announced the launch of a new family of multi-chip module PWM buck regulators, by offering the market-leading current density and fully integrated MOSFETs.
Fuji Electric (Japan), Toshiba (Japan), Mitsubishi Motors (Japan), Littelfuse, Inc. (United States), Infineon (Germany), STMicroelectronics (Switzerland), International Rectifier (United States) and Vishay (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are NXP Semiconductors (Netherlands), Renesas Electronics (Japan), Fairchild (United States) and Semikron (Germany).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Power Semiconductors market by Type (Thyristor/Diode, MOSFET, IGBT, SiC, GaN and Others), by Application (Tele/Data Communication, Computer Systems, Industrial, Office Equipment, Transportation, Medical and Energy & Power) and Region with country level break-up.
On the basis of geography, the market of Power Semiconductors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In May 2018, Fuji announced the launch of Fuji IGBT Simulator version 6 for loss and temperature calculation of the companyís IGBT devices. Companies focusing on the R&D of power semiconductors will aid in the power semiconductor market growth. In June 2018, Infineon Technologies announced that the company will be investing in a 300mm chip factory in Austria. and February 2018: NXP Semiconductors announced the launch of its new IoT-on-a-Chip, which significantly advances the future of edge computing. The scalable offering packs NXPís ARM-based i.MX applications processor, Wi-Fi, and Bluetooth into a much smaller size, thereby offering a broad range of functionality, security, and connectivity to IoT devices.
In May 2018, ROHM, a leading supplier of power semiconductors, and GaN Systems, the global leader in GaN power semiconductors, today announced their collaboration in the GaN (gallium nitride) Power Semiconductor business, with the goal of contributing to the continuing evolution of power electronics.
- Introduction of fifth-generation (5G) mobile communication in 2018
- IoT-Powered Smart Household Appliances
- Increasing use of Non-conventional Energy Sources
- Growing Need for Efficient Power Management
- Rising Adoption of Power Semiconductors in the IT & Consumer Electronic Industry, Automotive, Power Distribution, etc.
- Innovations in Silicon Carbide based Devices
- Global Advancements in Consumer Electronic Sector
- Limited Technological Advancements in the field of Power Semiconductors
- Power Semiconductor Devices May Face Power Dissipation Issues
Key Target AudiencePower Semiconductors Manufacturers, Potential Investors, Downstream Vendors, Industry Associations, Government and Regulatory Body and Others