The Worldwide Power Semiconductor Market is Projected to reach USD 67 Billion by 2030, at a CAGR of 4.6%

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Power Semiconductor Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Power Semiconductor Market size is expected to reach $67 billion by 2030, rising at a market growth of 4.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,233.6 million units, experiencing a growth of 2.7% (2019-2022).

The IGBT segment is registering a CAGR of 4.4% during (2023 - 2030). IGBTs are frequently utilized as switching components in inverter circuits (for converting DC to AC) to drive small- to large-scale motors. IGBTs for inverter uses are used in industrial motors, automobile main motor controllers, and residential appliances like refrigerators and air conditioners to increase efficiency. IGBTs are frequently utilized because they have high resonance voltages or currents. Microwave ovens, induction rice cookers, and induction cookers are examples of IGBT applications.

The IT & Telecom segment is leading the Global Power Semiconductor Market by Application in 2022; thereby, achieving a market value of $13.8 billion by 2030. There is widespread use of power semiconductors in various important applications in the IT and telecom sectors. Power semiconductors are widely employed in base stations, space applications, optical systems, satellite communication, radar systems, and wireless applications to facilitate effective power management and signal amplification.

The GaN segment would showcase a CAGR of 5.1% during (2023 - 2030). GaN has increasingly become a viable semiconductor option for forthcoming power electronic converters because of its beneficial characteristics, including a wide band gap and the potential to construct heterostructures. GaN power devices have previously surpassed their silicon parallels, even though they are still in the early stages of development.

The Asia Pacific region dominated the Global Power Semiconductor Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $29.3 billion by 2030. The Europe market is poised to grow at a CAGR of 4.4% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 4.2% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/power-semiconductor-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Infineon Technologies AG. Texas Instruments Inc., STMicroelectronics N.V., NXP Semiconductors N.V., ON Semiconductor Corporation, Mitsubishi Electric Corporation, Renesas Electronics Corporation, Toshiba Corporation, Fuji Electric Co., Ltd. and Hitachi, Ltd.

Global Power Semiconductor Market Segmentation

By Product (Volume, Million Units, USD Million, 2019-2030)

Power MOSFET
IGBT
Thyristor
Power Diode
Others

By Application (Volume, Million Units, USD Million, 2019-2030)

By Material (Volume, Million Units, USD Million, 2019-2030)

SiC
GaN
Others

By Geography (Volume, Million Units, USD Million, 2019-2030)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

Companies Profiled

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The Worldwide Power Semiconductor Market is Projected to reach USD 67 Billion by 2030, at a CAGR of 4.6%

Special Offering :

Power Semiconductor Market Growth, Trends and Report Highlights

Global Power Semiconductor Market Segmentation

North America Power Semiconductor Market Size, Trends, 2030

LAMEA Power Semiconductor Market Size, Growth Report, 2030

Europe Power Semiconductor Market Size & Projection 2023-2030

Asia Pacific Power Semiconductor Market Size & Analysis, 2030