What Is The Current and Historic Market Size Analysis Of The Power Discrete And Module Market?
The power discrete and module market has seen considerable growth due to a variety of factors.
• The power discrete and module market has grown significantly in recent years. It is projected to grow from $28.82 billion in 2024 to $31.09 billion in 2025, with a compound annual growth rate (CAGR) of 7.9%.
The growth is driven by the miniaturization of electronic devices, higher efficiency requirements, increasing demand for power management systems, growing use of power electronics in aerospace and defense, and greater adoption in manufacturing.
What Are The Predictions for The Power Discrete And Module Market in the Coming Years?
The power discrete and module market is expected to maintain its strong growth trajectory in upcoming years.
• The power discrete and module market is projected to grow to $41.53 billion by 2029 at a CAGR of 7.5%.
Growth is fueled by the demand for energy-efficient electronics, increased electric vehicle usage, consumer electronics growth, telecom infrastructure expansion, and the need for power sources. Key trends include renewable energy integration, progress in power semiconductor devices, advances in semiconductor manufacturing, and smart grid technology adoption.
Which Drivers Are Accelerating Growth In The Power Discrete And Module Market?
The growth of the power discrete and module market is anticipated to be driven by the escalating demand for electric vehicles. Electric vehicles (EVs), which run entirely or partially on electricity, provide an alternative to traditional cars that exclusively rely on internal combustion engines (ICEs) that utilize fossil fuels. The surging demand for EVs is attributed to mounting environmental concerns, energy efficiency, and government initiatives aiming at curbing greenhouse emissions. Power discrete components and modules play a crucial role in furthering electric vehicle technology by furnishing the essential power management and control, ensuring effective and dependable operation. For example, as reported by the International Energy Agency, a government agency based in France, the sales of electric cars in 2023 surpassed the 2022 sales by 3.5 million, marking a 35% year-on-year surge. Consequently, this growing demand for electric vehicles propels the power discrete and module market.
What Are The Core Segments Of The Global Power Discrete And Module Market?
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
Subsegments:
1) By Power Discrete: Diodes (Schottky, Zener, Rectifier), Transistors (MOSFET, IGBT, BJT), Thyristors, Triacs, Rectifiers, Other Power Discrete Components
2) By Power Module: IGBT Modules, MOSFET Modules, Rectifier Modules, AC-DC Power Modules, DC-DC Power Modules, SiC Power Modules, Other Power Modules
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What Emerging Trends Are Influencing The Growth Of The Power Discrete And Module Market?
Leading businesses in the power discrete and module industry are pioneering new products, like dual-phase power modules, to cater to the increasing demand for energy-efficient and high-performing solutions across a range of sectors. Dual-phase power modules, which are unique electronic components used in power management systems, provide efficient and trustworthy power. These modules incorporate various power components like transistors, diodes, and control circuits into a single unit. For example, Infineon Technologies, a semiconductor company based in Germany, unveiled its TDM2254xD series dual-phase power modules in February 2024. These were developed to improve power supply efficiency for data center AI operations. They leverage OptiMOS MOSFETs and boast a unique packaging design and exclusive magnetic structure, enabling efficient heat transfer from the power stage to the heat sink via a specially-designed, optimized inductor.
Who Are the Key Players In The Power Discrete And Module Market?
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
What Are The Regional Insights Into The Power Discrete And Module Market?
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.
