Market Overview
The global power semiconductor market was worth USD 36,050 million in 2022 and is poised to amplify with a CAGR of 2.37% over 2023-2033, thereby amassing a valuation of USD 43,300 million by end of the assessment timeline.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 36,050 Million |
Market Forecast in 2033 | USD 43,300 Million |
CAGR % 2023-2033 | 2.37% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product type, end-user industry, company share, company heatmap, company Material Technology type capacity, growth factors and more |
Segments Covered | component, material, end use |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Infineon technologies AG, Texas instruments Inc., United Silicon Carbide Inc., ST Microelectronics NV, NXP semiconductor Inc., ON Semiconductor Corporation, Renesas Electronic Corporation, Broadcom Inc., Toshiba Corporation, Mitsubishi Electric Corporation, Fuji Electric Co. Ltd., Semikron International, Cree Inc., ROHM Co Ltd., Vishay Intertechnology Inc.Nexperia BV, Alpha & Omega Semiconductor, Magnachip Semiconductor Corp, Microchip Technology Inc., and Littlefuse Inc. |
Power Semiconductor Market: Description
Power semiconductor is referred to as a type of device that is utilized as a rectifier or switch in electronic circuits. These devices are predominantly used to convert and control electrical power in electric equipment by using the electronic properties of semiconductors such as silicon, germanium, gallium, and arsenide. Power semiconductor devices are equipped with the ability to handle large currents and high voltages.
The escalating demand for continuous power supply across the major economies coupled with widespread industrialization worldwide are the major factors augmenting the outlook of this marketplace. Furthermore, rising disposable income of the masses which in turn is improving their living standards is increasing the adoption of power semiconductor devices across the globe. Besides, the growing adoption of smart devices such as mobile phones and laptops along with widespread technological advancements in the field are creating lucrative opportunities for the industry sphere to prosper.
Also, surging R&D activities in the field, rapid adoption of electric vehicles, and the booming consumer electronics sector are positively swaying the dynamics of this business vertical. Moreover, the surging focus of industry players to develop and launch innovative and efficient products in the field are adding momentum to the market progression. On the contrary, fluctuating prices of raw materials and the availability of counterfeit products in the field are hindering the remuneration scope of this business vertical.
There has been an escalating demand for sustainable energy sources across the globe. This is powered by the growing instances of fossil fuel depletion and increasing emission levels. Moreover, various governments have also taken favorable initiatives to promote the adoption of non-conventional energy resources such as solar and wind powers. The power semiconductor is one of the key components in electric equipment, which in turn is augmenting the outlook of this industry vertical.
The major regions across the globe are undergoing a wave of industrialization powered by widespread economic developments. It is evident that most of the industries need continuous power supply to facilitate their overall operational process. These factors in turn are adding traction to the development of this business sphere.
Power Semiconductor Market- Segmental Analysis:
Component Insights
The Discrete segment is anticipated to grow considerably over the forecast period ascribing to their affordable nature.
Material Insights
The silicon carbide segment is expected to generate significant returns by 2030 owing to their energy efficient nature
End Use Insights
The automotive segment is poised to amass notable gains over estimated timeframe due to the rising adoption of electric vehicles across the globe.
Regional Insights
The primary regions constituting the geographical ambit of this business vertical are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is projected to expand with a substantial CAGR over the forecast period. This is attributable to the widespread industrialization, favorable government policies to encourage the use of sustainable power sources along with the growing adoption of electric vehicles.
Competitive Analysis
The prominent players characterizing the competitive terrain of this marketplace are Infineon technologies AG, Texas instruments Inc., United Silicon Carbide Inc., ST Microelectronics NV, NXP semiconductor Inc., ON Semiconductor Corporation, Renesas Electronic Corporation, Broadcom Inc., Toshiba Corporation, Mitsubishi Electric Corporation, Fuji Electric Co. Ltd., Semikron International, Cree Inc., ROHM Co Ltd., Vishay Intertechnology Inc.Nexperia BV, Alpha & Omega Semiconductor, Magnachip Semiconductor Corp, Microchip Technology Inc., and Littlefuse Inc.
· Notably, in February 2022, Mitsubishi Electric Corporation launched its power semiconductor module range named SLIMDIP-X. This range is equipped with the ability to offer low thermal resistance and noise reduction for home inverter systems.
Power Semiconductor Market- Segmental Analysis
By Component
· Discrete
· Module
· Power Integrated Circuits
By Material
· Silicon/Germanium
· Silicon Carbide (SiC)
· Gallium Nitride (GaN)
By End Use
· Automotive
· Consumer Electronics
· Industrial
· Power and Energy
· IT and Telecommunication
· Military and Aerospace
· Others
1. Global Power Semiconductor Market Introduction and Market Overview
1.1.
Objectives of the Study
1.2.
Global Power Semiconductor
Market Scope and Market Estimation
1.2.1.Global Power
Semiconductor Overall Market Size, Revenue (US$ Mn) and Volume (Units), Market
CAGR (%), Market forecast (2023 - 2033)
1.2.2.Global Power
Semiconductor Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033
1.3.
Market Segmentation
1.3.1.component
of Global Power Semiconductor Market
1.3.2.material
of Global Power Semiconductor Market
1.3.3.End Use
of Global Power Semiconductor Market
1.3.4.Region
of Global Power Semiconductor Market
2. Executive Summary
3. Market Factor Analysis
3.1. Global Power Semiconductor
Market Application Trends under COVID-19 Outbreak
3.1.1.Global
COVID-19 Status Overview
3.1.2.Influence
of COVID-19 Outbreak on Global Power Semiconductor Market Application
Development
3.2. Market Dynamics
3.2.1.Drivers
3.2.2.Limitations
3.2.3.Opportunities
3.2.4.Impact
Analysis of Drivers and Restraints
3.3. Value Chain/ Ecosystem
Analysis
3.3.1.Manufacturers
/ Vendors
3.3.2.Distributors
3.3.3.Buyers /
End-users
3.3.4.Forward
Integration & Backward Integration of Key Stakeholders
3.4. Global Power Semiconductor
Market - Pricing Trends Analysis & Average Selling Prices (ASPs)
3.5. Porter’s Five Forces
Analysis
3.5.1.Bargaining
Power of Suppliers
3.5.2.Bargaining
Power of Buyers
3.5.3.Threat
of Substitutes
3.5.4.Threat
of New Entrants
3.5.5.Competitive
Rivalry
3.6. PEST Analysis
3.6.1.Political
Factors
3.6.2.Economic
Factors
3.6.3.Social
Factors
3.6.4.Technological
Factors
3.7. Impact of Russia Ukraine
War on Power Semiconductor Market
3.8. Impact of Economic
Downturn on Power Semiconductor Market
3.9. Power Semiconductor Production
Capacity, by Major Countries
3.10. Market Investment
Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
4. Global Power Semiconductor
Market Estimates & Forecast Trend Analysis, by Component
4.1.
Global Power Semiconductor
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Component, 2019 to 2033
4.1.1.Discrete
4.1.2.Module
4.1.3.Power
Integrated Circuits
5. Global Power Semiconductor
Market Estimates & Forecast Trend Analysis, by Material
5.1.
Global Power Semiconductor
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Material, 2019 to 2033
5.1.1. Silicon/Germanium
5.1.2. Silicon
Carbide (SiC)
5.1.3.Gallium
Nitride (GaN)
6. Global Power Semiconductor
Market Estimates & Forecast Trend Analysis, by Product
Type
6.1.
Global Power Semiconductor
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Product
Type, 2019 to 2033
6.1.1.Memory
6.1.2.Processor
6.1.3.Analog
6.1.4.Others
7. Global Power Semiconductor
Market Estimates & Forecast Trend Analysis, by End
User
7.1.
Global Power Semiconductor
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by End User, 2019 to 2033
7.1.1.Automotive
7.1.2.Consumer
Electronics
7.1.3.Industrial
7.1.4.Power
and Energy
7.1.5.IT and
Telecommunication
7.1.6.Military
and Aerospace
7.1.7. Others
8. Global Power Semiconductor
Market Estimates & Forecast Trend Analysis, by
Region
8.1.
Global Power Semiconductor
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Region,
2019 to 2033
8.1.1.North
America
8.1.2.Europe
8.1.3.Asia
Pacific
8.1.4.Middle East & Africa
8.1.5.South
America
9. North America Power Semiconductor Market:
Estimates & Forecast Trend Analysis
9.1. North America Power Semiconductor Market Assessments & Key
Findings
9.1.1.Power
Semiconductor Market Introduction
9.1.2.Power
Semiconductor Market Size Estimates and Forecast (US$ Million & Units) (2019
– 2033)
9.1.2.1.
By Wafer Size
9.1.2.2.
By Component
9.1.2.3.
By Material
9.1.2.4.
By End User
9.1.2.5.
By Country
9.1.2.5.1.
The U.S.
9.1.2.5.2.
Canada
9.1.2.5.3.
Mexico
10. Europe Power Semiconductor Market:
Estimates & Forecast Trend Analysis
10.1. Europe Power Semiconductor Market Assessments & Key Findings
10.1.1.
Power Semiconductor Market
Introduction
10.1.2.
Power Semiconductor Market Size
Estimates and Forecast (US$ Million & Units) (2019 – 2033)
10.1.2.1.
By Component
10.1.2.2.
By Material
10.1.2.3.
By End User
10.1.2.4.
By Country
10.1.2.4.1. Italy
10.1.2.4.2. Germany
10.1.2.4.3. U.K.
10.1.2.4.4. France
10.1.2.4.5. Spain
10.1.2.4.6. Rest of Europe
11. Asia Pacific Power Semiconductor Market:
Estimates & Forecast Trend Analysis
11.1. Asia Pacific Market Assessments & Key Findings
11.1.1.
Power Semiconductor Market
Introduction
11.1.2.
Power Semiconductor Market Size
and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)
11.1.2.1.
By Component
11.1.2.2.
By Material
11.1.2.3.
By End User
11.1.2.4.
By Country
11.1.2.4.1. China
11.1.2.4.2. Japan
11.1.2.4.3. India
11.1.2.4.4. Australia
11.1.2.4.5. South Korea
11.1.2.4.6. ASEAN
11.1.2.4.7. Rest of Asia Pacific
12. Middle East & Africa Power Semiconductor Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Market Assessments & Key Findings
12.1.1.
Power Semiconductor Market
Introduction
12.1.2.
Power Semiconductor Market Size
and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)
12.1.2.1.
By Wafer Size
12.1.2.2.
By Component
12.1.2.3.
By Material
12.1.2.4.
By End User
12.1.2.5.
By Country
12.1.2.5.1. U.A.E.
12.1.2.5.2. Saudi Arabia
12.1.2.5.3. Egypt
12.1.2.5.4. South Africa
12.1.2.5.5. Rest of Middle East & Africa
13. South America Power Semiconductor Market:
Estimates & Forecast Trend Analysis
13.1. South America Market Assessments & Key Findings
13.1.1.
Power Semiconductor Market
Introduction
13.1.2.
Power Semiconductor Market Size
and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)
13.1.2.1.
By Component
13.1.2.2.
By Material
13.1.2.3.
By End User
13.1.2.4.
By Country
13.1.2.4.1. Brazil
13.1.2.4.2. Argentina
13.1.2.4.3. Colombia
13.1.2.4.4. Rest of South America
14.
Competition Landscape
14.1. Power Semiconductor Market Competition Matrix & Benchmarking, by
Leading Players / Innovators / Emerging Players / New Entrants
14.2. Power Semiconductor Market Competition White Space Analysis, By End-user
14.3. Power Semiconductor Market Competition Regional Intensity Map
Analysis, By Geographies Served
14.4. Power Semiconductor Market Concentration & Company Market Shares
(%) Analysis, 2022
15.
Company Profiles
15.1.Infineon technologies AG,
15.1.1.
Company Overview & Key
Stats
15.1.2.
Financial Performance &
KPIs
15.1.3.
Product Portfolio
15.1.4.
Business Strategy & Recent
Developments
* Similar details would be provided for all the players
mentioned below
15.2.Applied Materials Inc
15.3.ASM International
15.4.Nikon Corporation
15.5.Hitachi High-Technologies Corporation,
15.6.Tokyo Electron Limited
15.7.ASML Holding N.V.
15.8.Lam Research Corporation
15.9.Others**
16.
Research Methodology
16.1.
External Power
Outputs / Databases
16.2.
Internal
Proprietary Database
16.3.
Primary
Research
16.4.
Secondary
Research
16.5.
Assumptions
16.6.
Limitations
16.7.
Report
FAQs
17.
Research Findings & Conclusion
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
The global power semiconductor market was worth USD 36,050 million in 2022 and is poised to amplify with a CAGR of 2.37% over 2023-2033, thereby amassing a valuation of USD 43,300 million by end of the assessment timeline.
Trends in Electrification Power semiconductor demand has been significantly influenced by the increasing focus on electrification across a range of industries, including automotive (electric vehicles), renewable energy (solar and wind power), and industrial automation. Power management and conversion systems that are effective for these applications must significantly rely on power semiconductors.
Some of the major players operating within the market are Infineon technologies AG, Texas instruments Inc., United Silicon Carbide Inc., ST Microelectronics NV, NXP semiconductor Inc., ON Semiconductor Corporation, Renesas Electronic Corporation, Broadcom Inc., Toshiba Corporation, Mitsubishi Electric Corporation, Fuji Electric Co. Ltd., Semikron International, Cree Inc., ROHM Co Ltd., Vishay Intertechnology Inc.Nexperia BV, Alpha & Omega Semiconductor, Magnachip Semiconductor Corp, Microchip Technology Inc., and Littlefuse Inc.
The primary regions constituting the geographical ambit of this business vertical are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is projected to expand with a substantial CAGR over the forecast period. This is attributable to the widespread industrialization, favorable government policies to encourage the use of sustainable power sources along with the growing adoption of electric vehicles.
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