Power Semiconductor Market 2020: Trends, Share, Growth Analysis by Scale, Type, Application, And Regional Forecast To 2023
Overview:
Power semiconductors are semiconductor devices that work on high voltage and large current. They have a different construction structure, which enables these devices to hold large amount of voltage and current. Power semiconductors are mostly used in power conversion such as in changing voltages and frequencies, as well as changing DC to AC and AC to DC.
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Power semiconductors play a huge and indispensable role in accurately 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. One of the major factor that drive the growth of the market include the growth in renewable energy sectors such as wind and solar power generation, increasing urbanization especially in Asia-Pacific, growing consumer electronics market, and rise in domestic income in emerging market among others.
Segmentation:
Segmentation by Component diodes, switching devices, power integrated circuit, thyristor, power MOSFET, rectifier.
Segmentation by Material Silicon, silicon carbide, gallium nitride, gallium arsenide, silicon germanium.
Segmentation by Application automotive, consumer electronics, industrial.
Segmentation by Region North America, Europe, Asia Pacific, rest of the world.
Regional Analysis:
The Power Semiconductor Market is covered geographically into North America, Europe, Asia Pacific and rest of the world. Due to large presence of semiconductor market, and adoption of innovative technologies in Asia Pacific, the market is leading in this region and is expected to continue this growth during forecast period followed by North America. Though, the North America, individually leads the market of Gallium Nitride semiconductor market, and Power MOSFET market.
Key Players:
Some of the major players in Global Power Semiconductor Market include Infineon technologies AG (Germany), Texas instruments Inc. (U.S.), ST Microelectronics (Switzerland), Qualcomm Inc.(U.S.), NXP semiconductor (Netherlands), Fairchild semiconductor (U.S.), Renesas electronic corporation (Japan), Broadcom limited (U.S.), Toshiba corporation (Japan), and Mitsubishi Electric Corporation (Japan), Dialog Semiconductor Plc among others are profiled in MRFR Analysis and are at the forefront of competition in the Global Power Semiconductor market.
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