Power Semiconductor Market Trends, Active Key Players, and Growth Projection Up to 2032

Power Semiconductor Market Expected to Reach $79.9 Billion by 2032—Allied Market Research

WILMINGTON, DE, UNITED STATES, March 3, 2025 /EINPresswire.com/ -- Allied Market Research, titled, “Power Semiconductor Market¹, by Component, Product, Application, and Region: Global Opportunity Analysis and Industry Forecast, 2023–2032," The power semiconductor market size was valued at $48.9 billion in 2022, and is estimated to reach $79.9 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/1602

Power semiconductors are electronic devices that are specifically designed to handle high power levels in electrical circuits. They are essential components in various applications where efficient energy conversion, control, and management are crucial. Power semiconductors play a significant role in power electronics, which encompasses a wide range of industries, such as renewable energy, electric vehicles, industrial automation, consumer electronics, and more. Power semiconductors are typically made from semiconducting materials like silicon (Si) or silicon carbide (SiC), because of their unique electrical properties. These materials allow for the control of electrical current under different conditions. The choice of material depends on the specific requirements of the application. For instance, silicon-based power semiconductors are widely used in low to medium-power applications, while silicon carbide and gallium nitride semiconductors, known as wide-bandgap semiconductors, are increasingly being used in high-power applications due to their superior electrical characteristics.

The development of power semiconductors has revolutionized various industries by enabling the efficient use of energy, reducing energy wastage, and promoting the adoption of clean energy sources. Power semiconductors have contributed to the growth of renewable energy systems, allowing for the conversion of solar and wind energy into usable electrical power. They have also played a significant role in the electrification of transportation through the use of power semiconductors in electric vehicles. Power semiconductors are critical components in power electronics, enabling efficient energy conversion, control, and management. They are made from semiconducting materials such as silicon or silicon carbide and come in various types, including diodes, transistors, and thyristors. Advances in power semiconductor technology have led to increased efficiency, reliability, and power density. These devices have revolutionized industries such as renewable energy and electric vehicles, promoting energy efficiency and sustainability.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/1602

An increase in using solar photovoltaic panels to generate electricity along with a surge in demand for power semiconductor devices across various industry verticals are the factors that drive the power semiconductor market growth². However, the intricacy of the production network and planning cycle of SiC semiconductor innovation is hampering market growth. Conversely, the government's HVDC and smart grid initiatives are expected to create lucrative power semiconductor market trends.

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲

- In 2022, by-product, the Silicon Carbide (SiC) segment was the highest revenue contributor to the power semiconductor market share, with $28,602.3 million in 2022, and is estimated to reach $45,977.9 million by 2032, with a CAGR of 4.8%.
- By component, the power discrete segment was the highest revenue contributor to the power semiconductor market analysis³, with $21,971.3 million in 2022, and is estimated to reach $32,160 million by 2032, with a CAGR of 3.8%.
- By application, the IT and Telecom segment was the highest revenue contributor to the power semiconductor industry, with $14,903.8 million in 2022, and is estimated to reach $23,306.5 million by 2032, with a CAGR of 4.5%.
- By region, Asia-Pacific was the highest revenue contributor, accounting for $21,444.2 million in 2022, and is estimated to reach $37,843.9 million by 2032, with a CAGR of 5.7%.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/1602

The power semiconductor market key players profiled in the report include 𝐅𝐮𝐣𝐢 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐂𝐨., 𝐋𝐭𝐝. 𝐈𝐧𝐟𝐢𝐧𝐞𝐨𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬, 𝐌𝐢𝐭𝐬𝐮𝐛𝐢𝐬𝐡𝐢 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐇𝐢𝐭𝐚𝐜𝐡𝐢, 𝐋𝐭𝐝., 𝐍𝐗𝐏 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫𝐬 𝐍.𝐕., 𝐎𝐍 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐑𝐞𝐧𝐞𝐬𝐚𝐬 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬, 𝐒𝐓𝐌𝐢𝐜𝐫𝐨𝐞𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐍.𝐕., 𝐓𝐞𝐱𝐚𝐬 𝐈𝐧𝐬𝐭𝐫𝐮𝐦𝐞𝐧𝐭𝐬 𝐈𝐧𝐜., 𝐚𝐧𝐝 𝐓𝐨𝐬𝐡𝐢𝐛𝐚 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the power semiconductor industry. For Instance, In May 2023, Infineon Technologies AG, the global leader in automotive semiconductors, and Hon Hai Technology Group (“Foxconn”), the world’s largest electronics manufacturing services provider, aimed to establish a long-term partnership in the field of electric vehicles (EV) to jointly develop advanced electromobility with efficient and intelligent features. The Memorandum of Understanding (MoU) focuses on silicon carbide (SiC) development, leveraging Infineon’s automotive SiC innovations and Foxconn’s know-how in automotive systems. In addition, In May 2023, Infineon Technologies AG announced the business expansion for a new plant in Dresden together with political leaders from Brussels, Berlin, and Saxony. EU Commission President Ursula von der Leyen, German Federal Chancellor Olaf Scholz, Saxony's Prime Minister Michael Kretschmer, and Dresden's Mayor Dirk Hilbert symbolically launched construction work together with Infineon CEO Jochen Hanebeck. With an investment volume of five billion euros, the new plant is the largest single investment in Infineon's history.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐚𝐧𝐝 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝟏. 𝐖𝐚𝐭𝐞𝐫 𝐂𝐨𝐨𝐥𝐞𝐝 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.alliedmarketresearch.com/water-cooled-capacitors-market-A31631

𝟐. 𝐂𝐨𝐦𝐩𝐮𝐭𝐞𝐫 𝐌𝐨𝐧𝐢𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.alliedmarketresearch.com/computer-monitor-market-A31328

𝟑. 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.alliedmarketresearch.com/compound-smiconductor-market

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

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¹ https://www.alliedmarketresearch.com/power-semiconductor-market
² https://www.prnewswire.com/news-releases/power-semiconductor-market-to-reach-75-1-billion-globally-by-2032-at-4-5-cagr-allied-market-research-301895711.html
³ https://www.alliedmarketresearch.com/press-release/power-semiconductor-market.html