PUBLISHER: SkyQuest | PRODUCT CODE: 1345192
PUBLISHER: SkyQuest | PRODUCT CODE: 1345192
Global Power Transistors Market size was valued at USD 16.34 billion in 2021 and is poised to grow from USD 17.14 billion in 2022 to USD 23.96 billion by 2030, at a CAGR of 4.90%during the forecast period (2023-2030).
The market functions as an integral element within the broader electronic systems across diverse industries, playing a pivotal role as power transistors prove indispensable for functions such as power conversion, control, and transmission. The upward trajectory of the global power transistors market is propelled by several key factors. These include the surging demand for energy-efficient devices, the increasing integration of renewable energy sources, and the growing market for electric and hybrid vehicles. The overarching objective of the global power transistors market is to offer electronic components that are both efficient and dependable, adeptly capable of handling elevated power and voltage levels.
As of 2021, South Korea has garnered a substantial total revenue of $5.9 billion attributed to the production of diodes, transistors, and semiconductor devices. Forecasts from KOSIS project a progressive ascent to $6.26 billion by the conclusion of 2024. This trend is not isolated, but rather indicative of a broader phenomenon anticipated across the Asia Pacific region. These cumulative trends are set to amplify the market's expansion trajectory across the envisaged period.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Power Transistors Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
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.
Driver:
Amidst the mounting imperative to curtail carbon emissions and attain sustainable progress, a marked shift towards harnessing renewable energy sources like solar and wind power has gained momentum. This shift has inevitably fueled a heightened need for power transistors capable of effectively managing elevated power and voltage thresholds within renewable energy systems.
Restraint:
During their operational phase, power transistors generate noteworthy levels of heat, a factor that can exert an impact on their performance and dependability. Consequently, the implementation of heat sinks and cooling mechanisms becomes imperative, albeit at the expense of augmenting both the cost and intricacy of the system.
Market Trends:
The heightened recognition of wide bandgap materials, such as silicon carbide (SiC) and gallium nitride (GaN), can be attributed to their exceptional attributes, encompassing elevated thermal conductivity, robust breakdown voltage, and minimal power dissipation. Forecasts indicate a forthcoming surge in the adoption of these wide bandgap materials, poised to propel the expansion of the global power transistors market.