Power Semiconductor Market Growth, Trends, Product, Forecast Research, 2024 - PowerPoint PPT Presentation

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Power Semiconductor Market Growth, Trends, Product, Forecast Research, 2024


Request for TOC report @ Power semiconductor devices may face power dissipation issues, thereby stressing the need for the proper cooling arrangement. Power consumption can be considered a key factor hindering the power semiconductor market growth. With the trend of miniaturization of devices, the increased density of gates on a single chip may increase the power dissipation due to leakage. However, technological advancements such as the development of leakage power minimization techniques resulting in enhanced capabilities of these devices are expected to contribute to the industry demand. – PowerPoint PPT presentation

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Title: Power Semiconductor Market Growth, Trends, Product, Forecast Research, 2024

Power Semiconductor Market Growth Opportunities
and Challenges Over 2018-2024 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Regional Analysis of Power Semiconductor Market
  • The growing automotive sector in countries
    including China and India is anticipated to
    provide an impetus to the power semiconductor
    market. The development of smart manufacturing in
    China will spur the demand for power devices.
  • Furthermore, the expanding power sector in the
    region will create growth opportunities for the
    Asia Pacific power semiconductor market. The
    semiconductor industry in China is flourishing
    owing to the increased government spending in
    wafer fab equipment.
  • Several government initiatives such as Digital
    India and Make in India will favor the industry
    growth in India.

  • Application Analysis of Power Semiconductor
  • The power semiconductor market will experience
    growth that can be attributed to the growing
    demand from the automotive sector. The trend of
    self-driving, green, and connected cars will
    propel the demand for these semiconductors. The
    rise in the number of electric vehicles coupled
    with the need for fuel-efficient systems will
    support the power semiconductor market growth.
    There is a fast growth in the sale of hybrid and
    electric vehicles owing to the growing
    environmental concerns. Power devices find
    applications in anti-lock braking systems,
    electric power steering, tire pressure
    monitoring, and electronic stability control.
    Advanced Driver Assistance Systems (ADAS) will
    see a fast adoption of cameras, sensors, and
    interconnectivity systems in cars thereby
    propelling the power semiconductor market.
  • There will be a demand for Gallium Nitride (GaN)
    devices owing to the advantages offered by the
    material over silicon. The material features
    higher critical field strength than silicon. The
    higher electron mobility of the material enables
    a GaN device to have a smaller size and closer
    electrical terminals for a specified breakdown
    voltage requirement as compared to a silicon
    semiconductor. GaN is also becoming a popular
    technology for energy efficient power
    electronics. The development of GaN power devices
    will fuel the power semiconductor market growth.

Competitive Market Share of Power Semiconductor
  • Key players in the power semiconductor market are
    Semikron International GmbH, Fuji Electric Co.,
    Ltd., Mitsubishi Electric Group, Texas
    Instruments, Infineon Technologies AG, ST
    Microelectronics N.V., Toshiba Corporation, and
    ABB Ltd. The leading players are trying to
    introduce advanced solutions that implement the
    latest technologies.
  • In May 2018, Fuji announced the launch of Fuji
    IGBT Simulator version 6 for loss and temperature
    calculation of the companys IGBT devices.
    Companies focusing on the RD of power
    semiconductors will aid in the power
    semiconductor market growth.
  • In June 2018, Infineon Technologies announced
    that the company will be investing in a 300mm
    chip factory in Austria. The increasing
    competition among key players to offer
    high-performance solutions will propel the power
    semiconductor market growth.


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