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.
The market study is being classified 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 major geographies with country level break-up. 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 profiled in the study. Additionally, the Players which are also part of the research are NXP Semiconductors (Netherlands), Renesas Electronics (Japan), Fairchild (United States) and Semikron (Germany).
AdvanceMarketAnalytics has segmented the market of Global Power Semiconductors market by Type, Application and Region.
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). If we see Market by Modules, the sub-segment i.e. Power Modules will boost the Power Semiconductors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
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