Power Semiconductor Market Overview
The power semiconductor market is expected to grow at a CAGR of 4.8% over the forecast period (2021-2026). The power semiconductor market is growing due to the incorporation of advanced technologies in consumer electronics, such as smartwatches, smartphones, and IoT devices. The enhanced features of power electronics, such as lightweight, power efficiency, high speed, and enhanced portability are some of the drivers which will further augment the growth of the power semiconductor market, over the forecast period. Power semiconductors are trending due to increasing consumer interest in electric vehicles (EVs).
Download free sample here – Power Semiconductor Market
Power Semiconductor Market – Geographical Overview
Asia Pacific region is expected to have a significant market share in the Power Semiconductor market
Asia-Pacific is expected to dominate the global power semiconductor market, as the region dominates the global semiconductor market, which is further supported by government policies. The region’s semiconductor industry is driven by China, Japan, Taiwan, and South Korea, which account for around 65% of the global discrete semiconductor market, while others like Vietnam, Thailand, Malaysia, and Singapore contribute significantly to the region’s dominance in the market. According to the Indian Electronics and Semiconductor Association, the country’s semiconductor component market is expected to be worth USD 32.35 billion by 2025, registering a CAGR of 10.1% (2018-2025).
Check our other latest reports on –
Key Highlights of the Power Semiconductor Market
Recent Developments in the Power Semiconductor Market
Related reports and links
List of Key Players in the Power Semiconductor Market
*List Not Exhaustive
Mordor Intelligence has segmented the global power semiconductor market on the basis of component, material, end-user industry, and geography:
About Mordor Intelligence
Mordor Intelligence is a market intelligence and advisory firm. Our mission is to map complex business ecosystems across the globe to better predict butterfly effects. To date, we have partnered with 4000+ enterprises across 20 industries, to deliver precise data and actionable insights in over 6000 projects. Our domain-specific teams of research experts continuously track markets, enabling our clients to gain a competitive edge through high-quality market intelligence.
We offer fully tailored intelligence solutions to meet the unique business requirements of any organization. Our deep industry expertise coupled with cross-functional analyst teams ensures we can support the intelligence requirements of even the most specific of business problems.
Media ContactCompany Name: Mordor Intelligence Private LimitedContact Person: Bhargav PEmail: Send EmailPhone: +1 617-765-2493Address:5th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli City: HyderabadState: Telangana 500008Country: IndiaWebsite: https://www.mordorintelligence.com/industry-reports/power-semiconductor-market?utm_source=press-release&utm_medium=ICT&utm_campaign=AB_Newswire