A recent report published by Infinium Global Research on power semiconductor market provides in depth analysis of segments and sub-segments in global as well as regional markets of power semiconductor market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional markets of power semiconductor over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global power semiconductor market. According to report the global power semiconductor market is projected to grow at a CAGR of 5.6% over the forecast period of 2018 - 2024.
New safety features in automotive industry have increased the power consumption and also use of non-conventional sources of energy such as tidal, wind are driving the growth of power semiconductor market. Additionally, increase in the popularity of electric vehicles and plug-in electric vehicles accounted for significant growth in the market. However, limited technological advancement in the field of power semiconductor has restrained the growth of the market. Moreover, limited technological advancement in the field of power semiconductors is providing huge opportunities for the key players in the power semiconductor market.
The report on global power semiconductor market covers segments such as material, component and end-use. The material segments include silicon carbide (SIC), silicon/ germanium and gallium nitride (GAN).On the basis of component the global power semiconductor market is categorized into IGBT, diode, power MOSFET, thyristors and rectifiers. Furthermore, on the basis of end-use the power semiconductor market is segmented as telecommunication, aerospace & defense, healthcare, automotive, industrial, consumer electronics and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2016 – 2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, European region covers countries such as Germany, UK, France, Spain, and rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018 - 2024.
The report provides profiles of the companies in the global power semiconductor market such as, ON Semiconductor, Mitsubishi Electric Group, ST Microelectronics N.V, Texas Instruments, Toshiba Corporation, Semikron International GmbH, Fuji Electric Co. Ltd, Infineon Technologies AG, Broadcom limited, and Renesas electronic Co.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global power semiconductor market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of power semiconductor market. Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the power semiconductor market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the power semiconductor market to understand the present and future trends in this market and formulate their strategies accordingly.