Market Research Future published a research report on “Power Semiconductors Market Research Report – Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Power semiconductor devices are becoming popular for their ability to handle high voltages and large currents without failing much. Market Research Future (MRFR) predicted in the report on the same that the global power semiconductors market can profit from its application in driving motor across various industries. The global power semiconductors market has the possibility of acquiring 13% CAGR during the forecast period of 2018 to 2023. Among its major traction providers, the renewable energy sector is showing scopes for better incorporation—such factors to provide thrust to the market.
Texas Instruments Inc. (U.S.), Infineon Technologies AG (Germany), NXP Semiconductor (Netherlands), Toshiba Corporation (Japan), ST Microelectronics (Switzerland), Qualcomm Inc.(U.S.), Broadcom Limited (U.S.), Fairchild Semiconductor (U.S.), Renesas electronic corporation (Japan), and Mitsubishi Electric Corporation (Japan) are companies impacting the power semiconductor market. Strategies that these power semiconductor companies are implementing have a constructive and long-lasting impact on the market, which MRFR analysts are trying to decode to understand the market flow.
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MRFR’s report on the global power semiconductors market has been segmented into materials, components, and applications. These segments unravel possibilities that players can explore to make sure their tactical measures help them stay on course.
By components, the review of the power semiconductors market can be segmented into switching devices, diodes, thyristor, power MOSFETs, power integrated circuits, and rectifiers.
By materials, the report focuses on segments of the power semiconductor market comprising, Gallium Arsenide, Silicon carbide (Sic), Gallium nitride (GaN), Silicon and Silicon germanium.
By end user, the study of the power semiconductors market includes data from industries like consumer electronics, industrial (inverters, wind/solar power generation). military & aerospace, and automotive. Burgeoning automotive sector in developing countries is offering better growth margins. The hike in the investment for the defense sector to influence the outcome of the power semiconductors market.
Asia Pacific has the scope to lead the market and it will back its progress with a superlative infrastructure for electronic devices and inclusion of innovative technologies. Telecommunication and medical support can make sure the market gains better support.
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