Global Power Semiconductor Switches Market
Global power semiconductor switches market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 4% during the forecast period.
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Power semiconductor switches are the semiconductor devices which are generally used in rectifiers in power electronic applications such as in switch mode power supply application. These switches are the combination of active power semiconductor drivers into one switch.
A growing market for electronic and semiconductor industry across the region is the major driving factor behind the growth of the market. A surge in the requirement for energy-efficient electronic devices or products, rapid adoption of renewable energy sources, increasing demand for high power density-based products and rapidly growing production capacity with the use of less equipment are expected to improve the growth of the market during the forecast period. Additionally, expanding market for consumer electronic devices across the globe and rising investments in the development of various electronics devices are ultimately propelling the market growth.
However, low operating frequency of power semiconductor switches and turn on-off switching loss of these switches are the major restraining factors that could hinder the growth of the market.
Global Power Semiconductor Switches Market: Segmentation Analysis
By type, insulated-gate bipolar transistor (IGBT) segment dominated the market in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. IGBTs are one of the most common and most widely used power semiconductor switches. It is the three-terminal switch and basically used to control the electrical energy. It has high input impedance, high switching frequency, and low on-state power loss and are extremely cost efficient, which make them most ideal choice than other power semiconductor switches. In addition, increasing adoption of IGBTs in high voltage applications such as in induction heating, traction motor control, power inverters and many others is escalating the growth of the market.
The materials such as silicon, gallium nitride, gallium arsenide and many others are used in power semiconductor switches. The silicon material is projected to witness fast growth at a CAGR of XX% during the forecast period. Silicon is the most widely used material for power semiconductor switches since decades. The benefits such as simple design, low cost of raw materials, useful temperature range and a simple processing make it the best choice among the a variety of competing materials. However, silicon carbide (Sic) is projected to witness high growth at a CAGR of XX% during the forecast period. A growing adoption of Sic in high voltage switches such as x-ray generators and power inverters for air conditioners and industrial equipment is expected to impel growth of the market during the forecast period.
Global Power Semiconductor Switches Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The countries such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the growing adoption of power semiconductor switches in various automotive and consumer electronic applications.
Growing market for electronics industry, high demand and adoption of various consumer electronics products, rising advancements in renewable energy sources and increasing significance of these switches in power electronics applications are expanding the growth of the market across the APAC region.
The objective of the report is to present a comprehensive analysis of the Global Power Semiconductor Switches Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Power Semiconductor Switches Market dynamics, structure by analyzing the market segments and projects the Global Power Semiconductor Switches Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Power Semiconductor Switches Market make the report investor’s guide.
Scope of Global Power Semiconductor Switches Market
Global Power Semiconductor Switches Market, By Type
• Power Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET)
• Bipolar-Junction Transistor (BJT)
• Insulated-Gate Bipolar Transistor (IGBT)
• Thyristor (SCR, GTO, MCT)
Global Power Semiconductor Switches Market, By Material
• Gallium Nitride
• Gallium Arsenide
• Silicon Germanium
• Silicon Carbide (Sic)
Global Power Semiconductor Switches Market, By Industry
• Power Sector
• Aerospace and Defense
• Consumer Electronics
Global Power Semiconductor Switches Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Power Semiconductor Switches Market, Key Players
• ON Semiconductor
• STMicroelectronics N.V.
• Toshiba Corporation
• Vishay Intertechnology Inc
• Fuji Electric
• Renesas Electronics
• ROHM Semiconductor
• Mitsubishi Electric Corporation
• ABB Ltd
• Texas Instruments
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