Power-Semiconductor Devices Market 2022
Over the last two decades the technology of Power-semiconductor has made impressive progress, today’s mains-fed switching applications make use of a wide variety of active Power-Semiconductor devices. Power-Semiconductor devices market is one of the greatly increasing market due to increasing demand for renewable energy sources, high power solutions and demand of high production capacity using less equipment. Moreover, the Global demand for electronics devices will fuel the growth of the Power-Semiconductor devices market.
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Power-Semiconductor devices constitute the heart of modern power electronic apparatus. Power-Semiconductor devices are used in power electronic converters in the form of a matrix of on-off switches, and help to convert power from ac-to-dc (rectifier), dc-to-dc (chopper), dc-to-ac (inverter), and ac-to-ac at the same (ac controller) or different frequencies (cycloconverter).
In addition Power-Semiconductor devices are used to control the energy transfer of electronic systems. Today’s Power-Semiconductor devices are almost exclusively based on silicon material and gallium nitride.
Power-Semiconductor devices market: Drivers and Challenges
The major growth drivers of the Power-Semiconductor devices market include rise in demand for energy-efficient electronic products, growing demand for high power density, increased use of renewable energy sources, and increase in demand for high production capacity using less equipment. In addition, increase in adaptation of consumer electronics devices will drive the growth of Power-Semiconductor devices market.
Major challenges of Power-Semiconductor devices market is worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors which are hindering the growth of Power-Semiconductor devices Market.
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Power-Semiconductor devices market: Segmentation
basis of Components – Power integrated circuits, Thyristors, Switching devices, Power MOSFETs, Diodes
basis of Materials – Gallium nitride, Gallium Arsenide, Silicon germanium, Silicon, Silicon carbide (Sic)
by Application – Consumer Electronics, Information and Communication Technology, Industrial (inverters, wind/solar power generation), Military, Aerospace, and Defense, Automotive, Medical
Competition Landscape
Key contracts
Key Contracts in Power-Semiconductor devices market are as:
In August 2016, Infineon technologies AG, is a German semiconductor manufacturer, entered into partnership with Korean Government to supply security chips.
In October 2016, Qualcomm, an American multinational semiconductor and telecommunications equipment company, has completed its acquisition of NXP Semiconductors by US$ 47 billion.
Key Players
Some of the major players in Global Power-Semiconductor devices Market include Infineon technologies AG, Texas instruments Inc., ST Microelectronics, Qualcomm Inc., Fairchild semiconductor, Renesas electronic corporation, Western digital, Toshiba Corporation, Softbank Group and Mitsubishi Electric Corporation
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Regional Overview
Presently, North America and Asia Pacific (APEC) is holding the largest market share for Power-Semiconductor devices market due increasing demand from various industries. Moreover, Europe is fastest growing market for Power-Semiconductor devices due to increase in adaptation of consumer electronics devices.
Usage in renewable energy resources driving the growth of Power-Semiconductor devices market across the globe. The Demand for Power-Semiconductor devices market has risen dramatically over the past 12 months globally. Use of Power-Semiconductor devices in various industries in these regions are pushing the growth of Power-Semiconductor devices market.
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