The power discrete and module market had a strong performance in 2020, and it is anticipated to maintain a steady growth rate over the forecast period. The market growth is primarily driven by the escalating demand for electronic and electrical components in various sectors, such as energy and power generation equipment, electric vehicles, consumer electronics, aerospace and defense, solar farms, and others.
Discrete devices refer to individual semiconductors, such as transistors and diodes, that serve a specific function. Power transistors, a type of discrete device, are essential in many applications, as they regulate voltage and help reduce power consumption and heat generation.
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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.
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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