The Power Discrete and Module for Industrial Market had a strong performance in 2020, and it is anticipated to maintain a steady growth rate over the forecast period. The market growth is primarily driven by the escalating demand for electronic and electrical components in various sectors, such as energy and power generation equipment, electric vehicles, consumer electronics, aerospace and defense, solar farms, and others.
Discrete devices refer to individual semiconductors, such as transistors and diodes, that serve a specific function. Power transistors, a type of discrete device, are essential in many applications, as they regulate voltage and help reduce power consumption and heat generation.
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Top Companies Operating in the Global Power Discrete and Module for Industrial Market Report:
Infineon Technologies AG, Toshiba Corporation, Mitsubishi Electric Corporation, NXP Semiconductors, ON Semiconductor, STMicroelectronics, Renesas Electronics Corporation, Texas Instruments, ROHM Semiconductors, and Semtech Corporation.
Major Driving Factors of Power Discrete and Module for Industrial Market
- Increasing demand for energy-efficient devices: The growing need for energy-efficient devices in various industries such as automotive, consumer electronics, telecommunications, and industrial applications is driving the demand for power discrete and module components. These components help in reducing power losses and increasing energy efficiency, thereby contributing to the overall energy conservation efforts.
- Increasing electrification in automotive sector: The automotive industry is witnessing a significant transition towards electric and hybrid vehicles. This shift is driven by factors such as government regulations, environmental concerns, and advancements in battery technology. Power discrete and module components play a crucial role in electric vehicle powertrain systems, charging infrastructure, and other electrical subsystems. The growth of the electric vehicle market is driving the demand for power discrete and module components.
- Emerging economies and infrastructure development: The rapid growth of emerging economies, particularly in Asia-Pacific and Latin America, is driving the demand for power discrete and module components. These regions are witnessing infrastructure development, urbanization, and increased industrialization, which require efficient power electronics solutions. The expanding consumer electronics market and rising disposable incomes in these regions are also contributing to the market growth.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Component Outlook (Revenue, USD Million; 2018 - 2028)
- Rectifier
- IGBT
- MOSFET
- Other
Material Outlook (Revenue, USD Million; 2018 - 2028)
- Silicon (Si)
- Silicon Carbide (SiC)
- Gallium Nitride (GaN)
Application Outlook (Revenue, USD Million; 2018 - 2028)
- Telecommunication
- Automotive
- Industrial
- Others
Key Takeaways of the Global Power Discrete and Module for Industrial Market Report:
- A comprehensive overview of the global Power Discrete and Module industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Power Discrete and Module for Industrial Market.
- Elaborate study of the leading regional markets in the global Power Discrete and Module for Industrial Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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