The global power discrete and module market size was significantly robust in 2020 and is expected to register a rapidly inclining revenue CAGR over the forecast period. A major factor driving market revenue growth is rapidly increasing demand for electronic and electrical component across various applications including electric vehicles, energy power generation equipment and facilities, consumer electronics, aerospace defense applications, solar farms, and many others.
Discrete devices are single semiconductors similar to diodes or transistors. Power transistors are a class of discrete devices that are crucial in a range of applications and are designed to regulate voltage, and aid in reducing power consumption and heat generation. A power module or power electronic module is base that comprises a number of power components, including power semiconductor devices. Power modules are used to convert for industrial motor drives, embedded motor drives, Uninterruptible Power Supply (UPS), AC-DC power supplies and in welder power supplies.
Top Companies Operating in the Global Power Discrete and Module Market Report:
Infineon Technologies AG, Toshiba Corporation, Mitsubishi Electric Corporation, NXP Semiconductors, ON Semiconductor, STMicroelectronics, Renesas Electronics Corporation, Texas Instruments, ROHM Semiconductors, and Semtech Corporation.
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Revenue growth in the global consumer goods market is primarily due to factors such as the rapid increase in the world population, the growing demand for food and other essential goods, including healthcare nutrition, personal care hygiene, and electronic products. Consumer preferences and lifestyles are changing significantly, the demand for packaged and processed food and beverage products is rising, and the number of people working is increasing. There has been a rapid adoption of cutting-edge technologies such as artificial intelligence (AI), IoT (Internet of Things), big data analytics, robotics automation in the consumer goods industry. Other key factors driving the growth of the global consumer goods market include a growing awareness of the adverse environmental impacts of plastic packaging and a growing demand for eco-friendly and sustainable packaging solutions. Rising income levels in developing economies such as India and stringent government regulations for product quality and safety are expected to boost market revenue growth in the near future.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Component Outlook (Revenue, USD Million; 2018 - 2028)
- Rectifier
- IGBT
- MOSFET
- Other
Material Outlook (Revenue, USD Million; 2018 - 2028)
- Silicon (Si)
- Silicon Carbide (SiC)
- Gallium Nitride (GaN)
Application Outlook (Revenue, USD Million; 2018 - 2028)
- Telecommunication
- Automotive
- Industrial
- Others
Key Takeaways of the Global Power Discrete and Module Market Report:
- A comprehensive overview of the global Power Discrete and Module industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Power Discrete and Module market.
- Elaborate study of the leading regional markets in the global Power Discrete and Module market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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