The power discrete and module global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Power Discrete And Module Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The power discrete and module market size has grown strongly in recent years. It will grow from $26.86 billion in 2023 to $28.82 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to miniaturization of electronic devices, higher efficiency requirements, increased demand for power management systems, growing use of power electronics in aerospace and defense, increasing demand for power management systems in manufacturing.
The power discrete and module market size is expected to see strong growth in the next few years. It will grow to $38.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to growing need for electronics with low energy consumption, growing use of electric cars (EVs), consumer electronics’ growth, extension of telecommunications infrastructure, growing need for power sources. Major trends in the forecast period include integration of renewable energy, technological progress, adoption of power semiconductor devices, technological advancements in power semiconductor manufacturing, adoption of smart grid technology.
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Scope Of Power Discrete And Module Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Power Discrete And Module Market Overview
Market Drivers –
The increasing demand for electric vehicles is expected to propel the growth of the power discrete and module market going forward. Electric vehicles (EVs) are automobiles powered entirely or partially by electricity instead of relying solely on internal combustion engines (ICEs) that burn fossil fuels. The rising demand for electric vehicles is due to growing environmental concerns, energy efficiency, and government initiatives to reduce greenhouse emissions. Power discrete components and modules are fundamental in advancing electric vehicle technology, providing the necessary power management and control for efficient and reliable operation. For instance, in 2024, according to the International Energy Agency, a France-based government agency, electric car sales in 2023 were 3.5 million higher than in 2022, a 35% year-on-year increase. Therefore, the increasing demand for electric vehicles drives the power discrete and module market.
Market Trends –
Major companies operating in the power discrete and module market are developing innovative products, such as dual-phase power modules, to meet the growing demand for energy-efficient and high-performance solutions across various industries. Dual-phase power modules are specialized electronic components used in power management systems to deliver efficient and reliable power. These modules integrate multiple power components, such as transistors, diodes, and control circuitry, into a single package. For instance, in February 2024, Infineon Technologies, a Germany-based semiconductor company, launched its TDM2254xD series dual-phase power modules designed to enhance power supply efficiency for AI operations in data centers. This utilizes OptiMOS MOSFETs and features a novel packaging design and proprietary magnetic structure that enable efficient heat transfer from the power stage to the heat sink through a specially optimized inductor design.
The power discrete and module market covered in this report is segmented –
1) By Type: Power Discrete, Power Module
2) By Component: Thyristor, Diode, Rectifier, MOSFET, IGBT, Other Components
3) By Material : Silicon Carbide (SiC), Gallium Nitride (GaN), Silicon (Si)
4) By Industry Vertical: Telecommunication, Industrial, Automotive, Renewable, Consumer And Enterprise, Military, Defense And Aerospace, Medical
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Regional Insights –
North America was the largest region in the power discrete and module market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power discrete and module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the power discrete and module market are Mitsubishi Electric Corporation, Toshiba Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, Microchip Technology Inc., Fuji Electric Co. Ltd., ROHM Semiconductor, Vishay Intertechnology Inc., Littelfuse Inc., Diodes Incorporated, Alpha & Omega Semiconductor Limited, MACOM Technology Solutions Holdings Inc, Power Integrations Inc., Advanced Power Electronics Corp (APEC), Dynex Semiconductor Ltd., GaN Systems Inc., GeneSiC Semiconductor Inc., Semikron International GmbH, Microsemi Corporation, IXYS Corporation
Table of Contents
1. Executive Summary
2. Power Discrete And Module Market Report Structure
3. Power Discrete And Module Market Trends And Strategies
4. Power Discrete And Module Market – Macro Economic Scenario
5. Power Discrete And Module Market Size And Growth
…..
27. Power Discrete And Module Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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