Power Transistors Market Size, Share, Growth Analysis, By Application(Automotive, Industrial, Consumer Electronics, Telecommunications), By Power Rating(Low Power, Medium Power, High Power), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45O2019 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
65
|Figures:
77
Power Transistors Market Insights
Global Power Transistors Market size was valued at USD 17.14 billion in 2022 and is poised to grow from USD 17.98 billion in 2023 to USD 26.36 billion by 2031, growing at a CAGR of 4.90% during the forecast period (2024-2031).
The market serves as a crucial component in the overall electronic systems used in various industries, as power transistors are essential for power conversion, control, and transmission. The increasing demand for energy-efficient devices, the growing adoption of renewable energy sources, and the increasing demand for electric and hybrid vehicles are some of the key factors driving the growth of the global power transistors market. The purpose of the global power transistors market is to provide efficient and reliable electronic components that can handle high power and voltage levels. As of 2021, South Korea generated $5.9 billion in total revenue from the production of diodes, transistors, and semiconductor devices. By the end of 2024, that figure is predicted to rise to $6.26 billion, according to KOSIS. Similar trends are anticipated in the Asia Pacific area as a whole, which will fuel the market's expansion throughout the projected period.
Over the past two decades, there has been a significant increase in the incorporation of automation into everyday business activities. This rise in automation is closely tied to the adoption of emerging technologies such as the Internet of Things (IoT) and industrial automation. These technologies have attracted the attention of users who are interested in integrating interconnected devices into their daily workflows. A notable example of this trend can be seen in a report published by "Automation Anyware" in November 2022, which revealed that an impressive 83% of organizations worldwide experienced significant productivity enhancements by integrating IoT and connected devices into their operational structures.
These connected devices rely heavily on power transistors to maintain optimal functioning in this technological era. By allowing heat to escape, these devices are prevented from overheating, which would result in equipment failure. Furthermore, these essential components do their part in promoting environmental sustainability by decreasing carbon dioxide emissions and decreasing energy consumption from these devices. An increase in demand for power transistors is expected to persist and flourish over the forecasted period, driven by their multifaceted advantages. These components are positioned as essential in enhancing productivity, energy efficiency, and sustainability across various industries, as the global business landscape continues to embrace automation and the IoT.
Market Snapshot - <ul><li>Application<ul><li>Automotive, Industrial, Consumer Electronics, Telecommunications, Aerospace & Defence</li></ul></li><li>Power Rating<ul><li>Low Power, Medium Power, High Power</li></ul></li></ul>
Global Market Size
Largest Segment
High
Fastest Growth
High
Growth Rate
ApplicationAutomotive, Industrial, Consumer Electr CAGR
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Power Transistors Market Segmental Analysis
Global Power Transistors Market is segmented on the basis of application, power rating and region. By application, the market is segmented into automotive, industrial, consumer electronics, telecommunications, aerospace & defense. By power rating, market is segmented into low power, medium power, high power. By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Power Transistors Market Analysis by Power Rating
The CAGR is expected to be around 10% during the forecast period. The high-power segment is expected to witness significant growth during the forecast period due to the increasing demand for electric vehicles and the growing need for efficient power transmission and distribution systems. The dominant segment in this category is the IGBT segment due to its high-power handling capacity and low on-state voltage drop. The fastest-growing segment in this category is the silicon carbide (SiC) segment due to its high efficiency and low power loss.
The CAGR is expected to be around 7% during the forecast period. The low power segment is expected to witness significant growth during the forecast period due to the increasing demand for energy-efficient devices and the growing adoption of renewable energy sources. The segment in this category is the MOSFET segment due to its low power consumption and high switching speed.
Power Transistors Market Analysis by Application
The CAGR is expected to be around 15% during the forecast period. The automotive segment is expected to witness significant growth during the forecast period due to the increasing adoption of electric and hybrid vehicles. The dominant segment in this category is the IGBT segment due to its high-power handling capacity and low on-state voltage drop.
The CAGR is expected to be around 7% during the forecast period. The consumer electronics segment is expected to witness significant growth during the forecast period due to the increasing demand for energy-efficient devices. The dominant segment in this category is the MOSFET segment due to its low power consumption and high switching speed.
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Power Transistors Market Regional Insights
Because of the rising demand for electronic devices and the expanding automotive industry in nations like China and India, the Asia-Pacific region is anticipated to experience the fastest growth in the power transistor market during the forecast period. Due to the rising popularity of smartphones and other electronic gadgets, the consumer electronics industry is the dominating sector in this area.
The North American power transistors market is expected to witness significant growth due to the increasing demand for energy-efficient electronic devices in the region. The dominant segment in this region is the automotive sector due to the increasing demand for electric vehicles.
- Largest
- Fastest
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Power Transistors Market Dynamics
Power Transistors Market Drivers
Growing Adoption of Renewable Energy Sources to Bolster market growth
- With the increasing focus on reducing carbon emissions and achieving sustainable development, there is a growing adoption of renewable energy sources such as solar and wind power. This has led to the demand for power transistors that can handle high power and voltage levels in renewable energy systems.
- The demand for electric and hybrid vehicles is increasing globally, which has led to the adoption of power transistors that can handle high power levels in electric and hybrid vehicle systems. Power transistors such as IGBT and SiC transistors are increasingly being used in electric and hybrid vehicle systems.
Power Transistors Market Restraints
High Heat Generation to Hinder market growth
- Power transistors generate a significant amount of heat during operation, which can affect their performance and reliability. This necessitates the use of heat sinks and cooling systems, which adds to the overall cost and complexity of the system.
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Power Transistors Market Competitive Landscape
Details about each competitor are included in the competitive landscape for power transistors. Corporate overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, regional presence, corporate strengths and weaknesses, product introduction, product width and breadth, and application domination are among the details provided. Only the firms' concentration on the power transistor market is referenced in the aforementioned data points.
Power Transistors Market Top Player’s Company Profiles
- STMicroelectronics N.V. (Switzerland)
- Toshiba Corporation (Japan)
- Vishay Intertechnology, Inc. (USA)
- Fuji Electric Co., Ltd. (Japan)
- Renesas Electronics Corporation (Japan)
- ROHM Semiconductor (Japan)
- NXP Semiconductors N.V. (Netherlands)
- Microchip Technology Inc. (USA)
- ON Semiconductor Corporation (USA)
- Fairchild Semiconductor International, Inc. (USA)
- Maxim Integrated Products, Inc. (USA)
- Semikron International GmbH (Germany)
- IXYS Corporation (USA)
- Cree, Inc. (USA)
- Panasonic Corporation (Japan)
- Transphorm Inc. (USA)
- United Silicon Carbide Inc. (USA)
- ABB Ltd. (Switzerland)
- Hitachi, Ltd. (Japan)
Power Transistors Market Recent Developments
- In April 2022, A 350 V GaN transistor with a maximum RDS (on) of 80 m and a 26 A pulsed output current was made available by EPC. This small size makes it possible to create power solutions that use 10 times less space than silicon-based alternatives
- In March 2022, A new family of 32T32R discrete solutions from NXP was unveiled allowing for the deployment of 5G radios in urban and suburban regions to be made simpler with smaller, lighter radios. The RF power discrete solutions for 32T32R active antenna systems make use of the company's most recent proprietary gallium nitride (GaN) technology and expand its current line of GaN power amplifiers.
Power Transistors Key Market Trends
- Wide bandgap materials such as silicon carbide (SiC) and gallium nitride (GaN) are gaining popularity due to their high thermal conductivity, high breakdown voltage, and low power loss. The adoption of wide bandgap materials is expected to increase in the coming years, which will drive the growth of the global power transistors market.
Power Transistors Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global power transistors market is expected to grow significantly in the coming years, driven by factors such as the increasing demand for energy-efficient devices, the growing adoption of power electronics in various applications, and the emergence of new technologies such as wide bandgap materials. Asia-Pacific is expected to dominate the global power transistors market during the forecast period due to the increasing demand for energy-efficient devices and the growing adoption of power electronics in various applications in the region. North America and Europe are also expected to grow significantly during the forecast period due to the increasing adoption of renewable energy sources and electric vehicles in these regions. The global power transistors market is expected to grow significantly in the coming years due to the increasing demand for energy-efficient devices and the growing adoption of power electronics in various applications. The market is highly competitive with the presence of several key players, and innovation and product development are expected to play a key role in driving the growth of the market in the coming years.
| Report Metric | Details |
|---|---|
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Power Transistors Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Power Transistors Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Power Transistors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Power Transistors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Power Transistors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Power Transistors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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