The power transistor market is driven by factors such as increase in dependence on electrical equipment and machinery, and increase in emphasis on power saving
PORTLAND, Oct. 3, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Power Transistors Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global power transistors market was valued at $13,660.0 million in 2022, and is projected to reach $23,286.6 million by 2032, registering a CAGR of 5.5% from 2023 to 2032.
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- 101 - Tables
- 76 - Charts
- 233 - Pages
A power transistor is composed of semiconductor materials. It has three terminals i.e. emitter, base, and collector. It effectively manages and controls high-power electrical circuits in various applications and end-user industries.
Prime Determinants of Growth:
The power transistor market analysis is expected to expand significantly during the forecast period, owing to increased dependence on electrical equipment and machinery and increase in emphasis on power saving. In addition, during the forecast period, the power transistor market is anticipated to benefit from increase in transition toward electric vehicles (EVs). On the contrary, the complex fabrication process associated with power transistors restrains the power transistor market growth during the forecast period.
Report Coverage & Details:
Report Coverage | Details |
Forecast Period | 2022-2032 |
Base Year | 2022 |
Market Size in 2022 | $13.7 billion |
Market Size in 2032 | $23.3 billion |
CAGR | 5.5 % |
No. of Pages in Report | 233 |
Segments covered | Type, Application, and Region. |
Drivers | Increased dependence on electrical equipment and machinery Increase in emphasis on power saving |
Opportunities | Complex fabrication process |
Restraints | Increase in transition towards electric vehicles (EVs) |
Covid-19 Scenario:
- The positive pandemic impact for power transistors was witnessed in the increased demand for power electronics components in medical devices and healthcare infrastructure.
- Power transistors played a crucial role in critical applications, contributing to improved medical equipment and patient care as the healthcare sector rapidly adapted to new challenges.
The metal oxide semiconductor field effect transistor segment to maintain its leadership status throughout the forecast period.
Based on type, the metal oxide semiconductor field effect transistor segment held the highest market share in 2022, accounting for nearly half of the global power transistors industry revenue, and is estimated to maintain its leadership status throughout the forecast period, as it is known for its small size & flexibility, and it is widely used in cameras, for industrial end users and in consumer electronics sector. Insulated Gate Bipolar Transistor segment held the major CAGR of 6.9% in 2032.
The automotive segment to maintain its leadership status throughout the forecast period.
Based on application, the automotive segment held the highest market share in 2022, accounting for nearly one-third of the global power transistor market revenue and is estimated to maintain its leadership status throughout the forecast period. In addition, the automotive segment is projected to manifest the highest CAGR of 6.1% from 2023 to 2032 due to increase in use of smart devices which are compact in nature and provides enough space to add new smart devices in the vehicle.
Asia-Pacific to maintain its dominance by 2032.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global power transistor market revenue. This region is expected to witness the fastest CAGR of 6.2% from 2023 to 2032, owing to the increase in infrastructure of charging points, electric vehicles and industrial systems.
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Leading Market Players:
- Fuji Electric Co., Ltd.
- Infineon Technologies AG
- Microchip Technology
- NXP Semiconductors
- Renesas Electronics
- ROHM Semiconductor
- STMicroelectronics
- Toshiba Corporation
- Vishay Intertechnology
- Wolfspeed, Inc.
The report provides a detailed analysis of these key players of the global power transistor market. These players have adopted different strategies such as product development, and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits for Stakeholders:
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the power transistors market analysis from 2022 to 2032 to identify the prevailing power transistors market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities for power transistors industry.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network for power transistors industry.
- In-depth analysis of the power transistors market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global power transistors market trends, key players, market segments, application areas, and market growth strategies.
Power Transistors Market Key Segments:
By Type
- Bipolar Junction Transistor
- Metal Oxide Semiconductor Field Effect Transistor
- Insulated Gate Bipolar Transistor
By Application
- Automotive
- Consumer Electronics
- Industrial
- IT and Telecommunication
By Region
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Rest of LAMEA)
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