Power Semiconductor Market Share

ID: MRFR/SEM/0672-HCR

100 Pages

Aarti Dhapte

October 2025

Power Semiconductor Market Research Report Information By Module (Power Modules and Power Discrete), By Application (Industrial, Automotive, Aerospace, Military and Consumer Electronics), By Component (Rectifier, Diode and Thyristor), By Material (Silicon Carbide, Gan and Silicon), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) - Forecast Till 2035

Summary Table of Contents Segmentation Download PDF

Market Share

Introduction: Navigating the Competitive Landscape of Power Semiconductors

The power semiconductor market is experiencing unprecedented competition, driven by rapid technological developments, changing regulations and a strong demand for energy efficiency and sustainable development. The main players, including system suppliers, IT service providers and system houses, are using the latest technology, such as artificial intelligence, the Internet of Things and green solutions, to establish their leadership in the market. Suppliers are focusing on improving the performance and reliability of their products, while IT companies are putting their focus on a perfect connection and automation. The new entrants, especially the AI startups, are challenging the established thinking and are changing the positioning of the suppliers. The opportunities for growth in the region, especially in Asia-Pacific and North America, are increasing, which is reflected in the strategic trends towards local production and sustainable production. In this dynamic environment, it is important to understand the technologically based differentiators that will determine market share and competitive advantage in the coming years.

Competitive Positioning

Full-Suite Integrators

These vendors offer a comprehensive range of power semiconductor solutions, integrating various technologies to serve diverse applications.

Vendor	Competitive Edge	Solution Focus	Regional Focus
Infineon	Strong portfolio in power management	Power MOSFETs, IGBTs	Global
ON Semiconductor	Expertise in energy-efficient solutions	Power management ICs	North America, Europe, Asia
Texas Instruments	Broad analog and embedded processing	Power management solutions	Global
STMicroelectronics	Diverse semiconductor technologies	Power MOSFETs, IGBTs	Global

Specialized Technology Vendors

These vendors focus on niche technologies within the power semiconductor space, providing specialized solutions for specific applications.

Vendor	Competitive Edge	Solution Focus	Regional Focus
Vishay Intertechnology	Wide range of passive and active components	Power resistors, MOSFETs	Global
Renesas Electronics	Strong in automotive applications	Power management ICs	Asia, North America
Nexperia	Expertise in discrete semiconductors	Discrete MOSFETs, diodes	Global
Littelfuse	Focus on circuit protection solutions	Fuses, TVS diodes	Global

Infrastructure & Equipment Providers

These vendors supply essential equipment and infrastructure for the production and application of power semiconductors.

Vendor	Competitive Edge	Solution Focus	Regional Focus
Mitsubishi Electric Corporation	Strong in industrial applications	IGBTs, power modules	Asia, Europe
Toshiba	Innovative power device technologies	Power MOSFETs, IGBTs	Asia, North America
Fuji Electric	Expertise in power electronics	IGBT modules, power converters	Asia, Europe
Semikron	Focus on power semiconductor modules	IGBT modules, power modules	Global

Emerging Players & Regional Champions

GaN SYSTEMS of Canada specializes in gallium nitride power semiconductors for high-efficiency applications. It has recently won a contract to supply GaN power switches to a major manufacturer of EVs. GaN is replacing silicon in high-efficiency applications.
Navitas Semiconductor (USA): focuses on GaN power ICs for fast charging and renewable energy applications. Recently it has teamed up with a leading mobile phone manufacturer to develop integrated charging solutions, thus complementing the traditional silicon suppliers with smaller, lighter, and more efficient solutions.
Power Integrations (US): Offers power conversion solutions based on energy-efficiency principles. It recently launched a new family of ICs for EV chargers, thereby establishing itself as a challenger to established players by offering superior performance and lower costs.
The first is Infineon. Infineon is a well-established company, but its recent focus on silicon carbide technology for use in the automobile makes it a regional champion. It has recently been awarded contracts from several European carmakers, enabling it to compete more successfully against the silicon suppliers.

Regional Trends: In 2024, there is a noticeable trend towards the use of wide bandgap semiconductors, such as GaN and SiC, prompted by the growing demand for higher efficiency in electric vehicles and in the use of alternative energy sources. North America and Europe are the most specialised regions, with considerable R&D investment in advanced power semiconductors. In the meantime, Asia-Pacific is becoming a major manufacturing centre, with the local industry growing stronger.

Collaborations & M&A Movements

Infineon and ST have joined together to develop next-generation power-diode solutions for the energy-saving drive of electric vehicles.
In the beginning of 2024, Texas Instruments acquired the Analog Devices power-management division, in order to extend its product range and market share in the field of power semiconductors, in order to meet the increasing demand for power-efficient solutions in the field of consumer electronics.
NXP Semiconductors and ON Semiconductors have entered into a joint venture to develop advanced power-management ICs for applications in the field of sustainable energy, thereby strengthening their position in the market for sustainable energy in the face of increasing regulatory pressure for green technology.

Competitive Summary Table

Capability	Leading Players	Remarks
High-Efficiency Power Conversion	Infineon Technologies, Texas Instruments	CoolSiC technology from Infineon is well known for its power conversion applications. TI's power-management ICs are used extensively in the digital and mobile devices market. The company's power-management ICs are a good example of the company's strengths in high-efficiency solutions.
Wide Bandgap Semiconductors	Cree (Wolfspeed), ON Semiconductor	SiC has been a key technology in high-power applications, especially in electric vehicles and in applications for the production of energy from renewable sources. But the growth of GaN technology has also been very rapid. GaN solutions from ON Semiconductor are enabling the development of smaller, lighter and more efficient power systems.
Thermal Management Solutions	STMicroelectronics, Nexperia	STMicroelectronics offers advanced thermal management solutions integrated with their power semiconductors, enhancing reliability. Nexperia focuses on robust thermal performance in their MOSFETs, which are critical for automotive applications.
Integration with IoT	NXP Semiconductors, Analog Devices	NXP is leveraging its power semiconductors in IoT applications, providing secure and efficient power management. Analog Devices integrates power management with their sensor technologies, enhancing overall system performance in smart devices.
Sustainability Initiatives	Renesas Electronics, Infineon Technologies	Renesas is committed to sustainability, focusing on eco-friendly manufacturing processes and energy-efficient products. Infineon has launched initiatives to reduce carbon footprint in production, aligning with global sustainability goals.

Conclusion: Navigating Power Semiconductor Market Dynamics

In 2024, the power-semiconductor market will be characterized by intense competition and significant fragmentation. Several companies will compete for the same share of the market, both from the historical and the new point of view. The regional trends are characterized by a growing focus on automation and sustainability, especially in North America and Asia-Pacific, where the demand for energy-saving solutions is increasing. Strategically, suppliers must strategically position themselves and rely on advanced capabilities such as artificial intelligence-driven design, flexible production and sustainable practices. The big companies, meanwhile, are focused on optimizing their existing technology, while new entrants are introducing innovations at a rapid pace, often outpacing the established way of thinking. It is therefore essential for decision-makers to be able to combine these capabilities in their strategies.

Market Highlights

Author

Aarti Dhapte

Team Lead - Research

She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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FAQs

What is the projected market valuation of The Global Power Semiconductor by 2035?

The projected market valuation for The Global Power Semiconductor is 134.5 USD Billion by 2035.

What was the market valuation of The Global Power Semiconductor in 2024?

The overall market valuation of The Global Power Semiconductor was 69.4 USD Billion in 2024.

What is the expected CAGR for The Global Power Semiconductor during the forecast period 2025 - 2035?

The expected CAGR for The Global Power Semiconductor during the forecast period 2025 - 2035 is 6.2%.

Which companies are considered key players in The Global Power Semiconductor?

Key players in The Global Power Semiconductor include Infineon Technologies, Texas Instruments, ON Semiconductor, and STMicroelectronics.

What are the projected valuations for the Power Modules and Power Discrete segments by 2035?

The projected valuation for the Power Modules segment is expected to reach 60.0 USD Billion, while Power Discrete may reach 74.5 USD Billion by 2035.

How does the Consumer Electronics application segment perform in terms of valuation?

The Consumer Electronics application segment had a valuation of 35.4 USD Billion in 2024 and is projected to reach 61.5 USD Billion by 2035.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, The Global Power Semiconductor Market was estimated at 69.4 USD Billion in 2024. The power semiconductor industry is projected to grow from 73.7 USD Billion in 2025 to 134.5 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 6.2 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Global Power Semiconductor Market is poised for substantial growth driven by technological advancements and increasing demand across various sectors.

The rise of electric vehicles is significantly influencing the demand for power semiconductors, particularly in the automotive segment. North America remains the largest market for power semiconductors, while Asia-Pacific is emerging as the fastest-growing region. Power modules continue to dominate the market, whereas power discrete devices are experiencing rapid growth. Key drivers include the surge in consumer electronics demand and the expansion of industrial automation, particularly in renewable energy applications.

Power Semiconductor Market

CAGR

6.2%

Market Size & Forecast

2024 Market Size	69.4 (USD Billion)
2035 Market Size	134.5 (USD Billion)
CAGR (2025 - 2035)	6.2%
Largest Regional Market Share in 2024	Asia Pacific

Major Players

Infineon Technologies (DE), Texas Instruments (US), ON Semiconductor (US), STMicroelectronics (FR), NXP Semiconductors (NL), Mitsubishi Electric (JP), Renesas Electronics (JP), Vishay Intertechnology (US), Broadcom Inc. (US)

Market Trends

The Global Power Semiconductor Market is currently experiencing a transformative phase, driven by the increasing demand for energy-efficient solutions across various sectors. This market encompasses a wide range of devices that manage and convert electrical power, playing a crucial role in applications such as renewable energy systems, electric vehicles, and industrial automation. As the world shifts towards sustainable energy practices, the relevance of power semiconductors becomes more pronounced, suggesting a robust growth trajectory in the coming years. Furthermore, advancements in technology, including the development of wide bandgap semiconductors, are likely to enhance performance and efficiency, thereby attracting further investment and innovation. In addition to technological advancements, regulatory frameworks aimed at reducing carbon emissions are influencing The Global Power Semiconductor Market. Governments worldwide are implementing policies that promote the adoption of clean energy technologies, which in turn drives the demand for power semiconductor devices. This evolving landscape indicates that stakeholders must remain agile and responsive to emerging trends and consumer preferences. The interplay between technological innovation and regulatory support appears to be a key factor shaping the future of this market, potentially leading to new opportunities and challenges for industry participants.

Rise of Electric Vehicles

The increasing adoption of electric vehicles is significantly impacting The Global Power Semiconductor Market. As automakers transition towards electrification, the demand for efficient power management solutions is surging. This trend is likely to drive innovation in semiconductor technologies, enhancing performance and reducing energy consumption.

Growth in Renewable Energy

The shift towards renewable energy sources is reshaping The Global Power Semiconductor Market. Solar and wind energy systems require advanced power management solutions to optimize energy conversion and storage. This trend suggests a growing need for semiconductors that can efficiently handle fluctuating energy inputs.

Advancements in Wide Bandgap Semiconductors

The development of wide bandgap semiconductor materials is poised to revolutionize The Global Power Semiconductor Market. These materials offer superior performance in high-temperature and high-voltage applications, indicating a potential shift in industry standards and practices as manufacturers seek to enhance efficiency and reliability.

Power Semiconductor Market Market Drivers

Expansion of Industrial Automation

The ongoing expansion of industrial automation is significantly influencing The Global Power Semiconductor Industry. As industries increasingly adopt automation technologies, the need for reliable and efficient power management solutions becomes paramount. In 2025, the industrial automation sector is expected to witness a robust growth rate, with power semiconductors playing a crucial role in driving efficiency and reducing operational costs. The integration of power semiconductors in robotics, control systems, and machinery enhances performance and energy efficiency. This trend indicates a shift towards smart manufacturing, where power semiconductors are integral to optimizing processes and improving productivity, thereby propelling the market forward.

Growth in Renewable Energy Sources

The transition towards renewable energy sources is a significant driver for The Global Power Semiconductor Industry. As nations strive to reduce carbon emissions and enhance energy sustainability, the adoption of solar, wind, and other renewable technologies is accelerating. In 2025, investments in renewable energy infrastructure are projected to increase, leading to a heightened demand for power semiconductors that facilitate energy conversion and management. Power semiconductors are essential in inverters and converters used in renewable energy systems, ensuring efficient energy transfer. This growth not only supports environmental goals but also positions power semiconductors as critical components in the evolving energy landscape.

Emergence of Smart Grid Technologies

The emergence of smart grid technologies is reshaping The Global Power Semiconductor Industry. As energy distribution systems evolve, the need for efficient power management solutions becomes increasingly critical. In 2025, the implementation of smart grid technologies is expected to accelerate, driven by the demand for improved energy efficiency and reliability. Power semiconductors are integral to smart grid applications, facilitating real-time monitoring and control of energy flows. This trend indicates a shift towards more resilient and responsive energy systems, where power semiconductors play a key role in enhancing grid stability and integrating renewable energy sources. The growth of smart grid technologies is likely to propel the demand for power semiconductors, further solidifying their importance in the energy sector.

Surge in Consumer Electronics Demand

The increasing demand for consumer electronics is a pivotal driver for The Global Power Semiconductor Industry. As technology advances, devices such as smartphones, tablets, and laptops require more efficient power management solutions. In 2025, the consumer electronics sector is projected to account for a substantial share of the power semiconductor market, driven by innovations in energy-efficient designs. The proliferation of smart home devices and wearables further amplifies this trend, necessitating advanced power management systems. This surge in demand not only enhances the performance of electronic devices but also contributes to the overall growth of the power semiconductor market, as manufacturers seek to integrate more sophisticated semiconductor solutions to meet consumer expectations.

Advancements in Electric Vehicle Technology

The advancements in electric vehicle technology are driving transformative changes in The Global Power Semiconductor Industry. As electric vehicles gain traction, the demand for high-performance power semiconductors is surging. In 2025, the electric vehicle market is anticipated to expand significantly, with power semiconductors playing a vital role in enhancing battery management systems and electric drivetrains. These semiconductors are crucial for improving energy efficiency and performance, thereby addressing consumer concerns regarding range and charging times. The integration of advanced power semiconductor technologies in electric vehicles not only supports the automotive industry's shift towards electrification but also contributes to the overall growth of the power semiconductor market.

Market Segment Insights

By Module: Power Modules (Largest) vs. Power Discrete (Fastest-Growing)

The Global Power Semiconductor Market shows a significant distribution between Power Modules and Power Discrete components. Power Modules hold the largest market share, being preferred in applications requiring high power density and efficiency, such as electric vehicles and renewable energy systems. In contrast, Power Discrete semiconductors are gaining traction due to their versatility and the increasing demand for smaller, more efficient electronic devices, contributing to a dynamic market landscape.

Power Modules (Dominant) vs. Power Discrete (Emerging)

Power Modules are recognized for their robustness and efficiency in handling high power applications, making them the dominant segment within The Global Power Semiconductor Market. They are widely employed in sectors such as automotive, industrial automation, and renewable energy, benefitting from technological advancements and a growing push towards electrification. On the other hand, Power Discrete components are emerging as crucial players, favored for their adaptability in diverse applications, including consumer electronics and communication systems. Their growth can be attributed to the demand for compact solutions that offer high performance, driving innovation and increased market presence.

By Application: Industrial (Largest) vs. Automotive (Fastest-Growing)

The Global Power Semiconductor Market exhibits a diverse application landscape, with industrial applications commanding the largest market share. Sectors such as manufacturing and automation leverage power semiconductors for efficient power conversion and control. Automotive applications, however, are rapidly evolving, fueled by the increasing demand for electric vehicles (EVs) and hybrid technologies, positioning them as the fastest-growing segment in the market.

Automotive (Dominant) vs. Aerospace (Emerging)

In The Global Power Semiconductor Market, the automotive sector stands out as the dominant force, driven by the surge in electric vehicle production and the integration of more electronic systems in modern vehicles. Advanced power semiconductor devices enhance efficiency and performance in electric and autonomous driving technologies. Meanwhile, the aerospace sector emerges as a vital application area, experiencing growth through innovations in satellite and drone technologies. This market segment requires high-performance components that can operate reliably under extreme conditions, making it increasingly important as aerospace technology continues to advance.

By Component: Rectifier (Largest) vs. Diode (Fastest-Growing)

The Global Power Semiconductor Market's component segment is diversified among three main categories: Rectifiers, Diodes, and Thyristors. Among these, Rectifiers constitute the largest share, driven by their widespread application in power conversion systems and consumer electronics. In contrast, Diodes are rapidly gaining traction as the fastest-growing segment due to advancements in efficiency and performance, particularly in renewable energy applications and electric vehicles. Thyristors, while crucial for high-power applications, have a smaller market share compared to the other two components.

Diodes (Dominant) vs. Thyristors (Emerging)

Diodes represent a dominant force in The Global Power Semiconductor Market, known for their essential role in converting and controlling electric power in various applications, including rectification, voltage regulation, and signal modulation. They are experiencing robust growth, driven by the demand for energy-efficient solutions. Thyristors, categorized as an emerging segment, are increasingly utilized in high-power applications such as motor drives and power inverters. Their ability to handle high voltages and currents with efficiency positions them as an important alternative in specific applications, even as they face competition from newer, more efficient technologies.

By Material: Silicon Carbide (Largest) vs. GaN (Fastest-Growing)

In The Global Power Semiconductor Market, the material segment is dominated by Silicon Carbide (SiC), which has established itself as the largest player due to its superior thermal conductivity and efficiency in high-voltage applications. GaN has emerged as a significant contender, particularly in the realm of high-frequency devices, gaining traction among manufacturers looking for enhanced performance characteristics. Silicon, while still a considerable presence in power semiconductor applications, is showing relatively slower growth in comparison to its SiC and GaN counterparts, primarily due to the maturity of the technology and growing competition from advanced materials.

Silicon Carbide (Dominant) vs. GaN (Emerging)

Silicon Carbide (SiC) stands out as the dominant material in The Global Power Semiconductor Market, capturing attention for its unparalleled ability to operate under high temperatures and voltages, making it ideal for electric vehicles and renewable energy systems. Its characteristics allow for reduced energy loss and increased efficiency, making it a preferred choice for applications requiring robust performance. On the other hand, Gallium Nitride (GaN) is recognized as an emerging material, particularly favored in compact and high-frequency power conversion systems. GaN devices are becoming increasingly popular in consumer electronics and communication technology, winning over a segment of manufacturers seeking cutting-edge efficiency and smaller form factors.

Get more detailed insights about Power Semiconductor Market Research Report- Forecast to 2035

Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific power semiconductor market accounted for USD 26.01 billion in 2021 and is expected to exhibit a 43.60% CAGR during the study period. It is anticipated that the Asia-Pacific region will dominate the market for power semiconductors due to its domination of the global semiconductor industry and the support of governmental laws. Approximately 65% of the global market for discrete semiconductors is made up of China, Japan, Taiwan, and South Korea.

Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: Power Semiconductor Market SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America power semiconductor market accounts for the fastest growing market share. The expansion of end-user industries like automotive, IT and telecommunications, military and aerospace, consumer electronics, and others is closely correlated with the growth of the power semiconductor market in North America. Moreover, US power semiconductor market held the largest market share, and the Canada power semiconductor market was the fastest-growing market in this region.Europe power semiconductor market is expected to grow at a substantial CAGR from 2024 to 2032. The market is expanding due to the rising adoption of advanced technologies and semiconductors across numerous sectors.

Many sectors focused on semiconductors have benefited from the increasing regional government involvement in research programme promotion, which is backed by a high-tech networking environment. Further, the UK power semiconductor market held the largest market share, and the Germany power semiconductor market was the fastest-growing market in the region.

Key Players and Competitive Insights

Major market players are spending a lot on R&D to increase their product lines, which will help the power semiconductor industry grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, market developments and collaboration with other organizations.

Competitors in the industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market industry.One of the primary business strategies manufacturers adopt in the global power semiconductor industry to benefit clients and expand the sector is manufacturing locally to reduce operating costs. In recent years, power semiconductor industry has provided medicine with some of the most significant benefits.

The power semiconductor market major player such as Infineon, Vishay Intertechnology, Renesas Electronics, ON Semiconductor, Texas Instruments, Mitsubishi Electric Corporation, Littelfuse, Toshiba, Fuji Electric, Nexperia, Semekron and STMicroelectronics.A global Japanese manufacturer of electronics and electrical equipment with its headquarters in Tokyo, Japan, Mitsubishi Electric Corporation was founded on January 15, 1921. It is one of Mitsubishi's primary businesses. In February 2022, the SLIMDIP-X power semiconductor module from Mitsubishi Electric Corporation, which offers low thermal resistance and noise for household appliance inverter systems, was recently released.

The new SLIMDIPTM series module is intended to streamline and minimise the size of inverter systems used in appliances including refrigerators, washing machines, and air conditioners.The Netherlands' Nijmegen is home to the headquarters of the semiconductor firm Nexperia. It is a division of the Chinese business Wingtech Technology, which is partly owned by the government. It has front-end plants in Greater Manchester, England, and Hamburg, Germany. In April 2021, the availability of Nexperia's second-generation 650 V GaN FETs, which support 80 PLUS Titanium-class power supply running at 2 kW and higher, was announced.

In comparison to earlier technology and rival gadgets, it provides a significant performance boost.

Key Companies in the Power Semiconductor Market market include

Industry Developments

Q2 2024: Infineon opens new $1.8 billion power semiconductor plant in Austria Infineon Technologies inaugurated a new power semiconductor manufacturing facility in Villach, Austria, aimed at expanding its capacity for automotive and industrial applications.
Q2 2024: ON Semiconductor Announces $600 Million Investment in New Silicon Carbide Facility ON Semiconductor revealed plans to invest $600 million in a new silicon carbide (SiC) manufacturing plant in the United States to meet rising demand from electric vehicle and renewable energy sectors.
Q2 2024: Navitas Semiconductor raises $70 million in Series D funding to expand GaN power chip production Navitas Semiconductor secured $70 million in Series D funding to accelerate the development and production of gallium nitride (GaN) power semiconductors for data centers and fast chargers.
Q3 2024: STMicroelectronics and Renault sign multi-year power semiconductor supply agreement STMicroelectronics entered into a multi-year contract to supply power semiconductors to Renault for use in electric vehicle powertrains.
Q3 2024: Infineon and Foxconn sign strategic partnership for automotive power semiconductors Infineon Technologies and Foxconn announced a strategic partnership to co-develop and supply power semiconductor solutions for next-generation electric vehicles.
Q3 2024: Mitsubishi Electric acquires minority stake in US-based power semiconductor startup Mitsubishi Electric acquired a minority equity stake in a US-based startup specializing in advanced power semiconductor devices for industrial and automotive markets.
Q4 2024: Wolfspeed opens world’s largest silicon carbide device fab in New York Wolfspeed officially opened its new silicon carbide device fabrication facility in New York, which is expected to significantly increase global SiC supply for EV and renewable energy applications.
Q4 2024: Texas Instruments announces $11 billion expansion of Sherman, Texas power semiconductor plant Texas Instruments announced an $11 billion investment to expand its Sherman, Texas plant, focusing on increased production of analog and power semiconductors.
Q1 2025: NXP Semiconductors launches new automotive power management IC family NXP Semiconductors introduced a new family of automotive power management integrated circuits (ICs) designed for next-generation electric and hybrid vehicles.
Q1 2025: Hitachi Energy and ABB sign partnership to develop advanced power semiconductor modules Hitachi Energy and ABB entered a partnership to jointly develop advanced power semiconductor modules for grid and industrial applications.
Q2 2025: ROHM Semiconductor opens new R&D center for power devices in Germany ROHM Semiconductor inaugurated a new research and development center in Germany focused on innovation in power semiconductor devices for automotive and industrial sectors.
Q2 2025: Infineon Technologies appoints new CEO to drive power semiconductor growth Infineon Technologies announced the appointment of a new CEO, with a mandate to accelerate growth in the power semiconductor market, particularly in automotive and renewable energy segments.

Future Outlook

Power Semiconductor Market Future Outlook

The Global Power Semiconductor Market is projected to grow at a 6.2% CAGR from 2024 to 2035, driven by advancements in electric vehicles, renewable energy integration, and increasing demand for energy efficiency.

New opportunities lie in:

Development of high-efficiency power modules for electric vehiclesExpansion into renewable energy applications with advanced semiconductor solutionsInvestment in smart grid technologies to enhance energy distribution efficiency

By 2035, the market is expected to solidify its position as a leader in energy-efficient technologies.

Market Segmentation

Power Semiconductor Market Module Outlook

Power Modules
Power Discrete

Power Semiconductor Market Material Outlook

Silicon Carbide
GaN
Silicon

Power Semiconductor Market Component Outlook

Rectifier
Diode
Thyristor

Power Semiconductor Market Application Outlook

Industrial
Automotive
Aerospace
Military
Consumer Electronics

Report Scope

MARKET SIZE 2024	69.4(USD Billion)
MARKET SIZE 2025	73.7(USD Billion)
MARKET SIZE 2035	134.5(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	6.2% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Advancements in electric vehicle technology drive demand for efficient power semiconductor solutions.
Key Market Dynamics	Technological advancements drive demand for power semiconductors, enhancing efficiency in various applications across industries.
Countries Covered	North America, Europe, APAC, South America, MEA