Next Generation Power Semiconductor Market Is Expected to Witness Grand Success by 2027

“Next Generation Power Semiconductor Market”
Market Research Future published a research report on “Next Generation Power Semiconductor Market” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Power Semiconductor Overview:

According to a recent study report published by the Market Research Future, the global market of Power semiconductors is delineated for a huge   growth   by   2027, in terms of value and volume, with a modest rate of CAGR; surpassing its previous growth records by the end of the forecasted period (2016 – 2027).


The dominant growth driver of Power Semiconductor Market includes growth in renewable energy sectors such as wind and solar power generation, increased urbanization specifically in Asia-Pacific, spreading consumer electronics market, and rise in domestic income are helping power semiconductor market to grow.


There are some disadvantages which are disrupting the growth of power semiconductor. The noise level is higher in semiconductor devices as compared to that in the vacuum tubes. Ordinary semiconductor devices cannot handle as more power as ordinary vacuum tubes can do. In high frequency range, they have poor responder.


A semiconductor is a substance that is characterized for conducting electricity easily. At the same time, it also works as an insulator to control the flow of electricity. Power semiconductors has the ability to handle high voltages and high currents. They have a structure that is different from regular semiconductors which helps to enable high voltages and high currents without any disturbance. Power semiconductors are mostly used in power conversion such as in changing voltages and frequencies, as well as changing DC to AC and AC to DC. Power semiconductors play a huge and indispensable role in accurately driving motors from low to high speeds, supplying power grids with power generated from solar cells with less power loss, and providing a stable source of electricity to various home appliances and electrical equipment.


GaN (gallium nitride) and SiC (silicon carbide) are attracting attention as next-generation power semiconductor materials. GaN is popular for high-speed switching operation which allows relatively easy production of wafers with large diameters.


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Power Semiconductor Market-Competitive Analysis:

Samsung one of the key players of the semiconductor technology announced that its new semiconductor technology in Pyeongtaek, South Korea has already begun its export to reach its customers. The new concept of next generation power semi-conductor is focusing on the V-NAND (64 layers), which adds to the company’s leading capacity for cutting edge memory products.


SK Hynix is a South Korean company which is producing semiconductor, such as DRAM and NAND flash and System IC including CMOS Image Sensors.


Major investment in LED sector is also playing a vital role in the growth of power semiconductor market in Korea. Samsung, LG Innotek, Seoul Semiconductor, Iljin LED, and Lumens are contributing in this mounting.


Other than these Korean companies there is SEMIKRON from US which is considered among one of the major power semiconductor manufacturing company. SEMIKRON’s innovative power electronic products enable their customers to develop smaller, more energy efficient power electronic systems. These systems in turn reduce the global energy demand.


Mitsubishi Electric from Japan is another company which constantly helping in the growth of power semiconductor market.  Mitsubishi Electric power modules are manufactured with state-of-the-art technologies that ensure the highest levels of performance and reliability while offering impressive energy savings for the products and systems they’re used in. Our line-up of products is extensive, ranging from power modules developed to control high-voltage power generation, industrial manufacturing and railway systems to applications in home products, such as controlling the electricity used by air conditioners, washing machines and refrigerators.


The prominent players in the market of Next-Generation Power Semiconductors are- Infineon Technologies (Germany), STMicroelectronics (Switzerland), Mitsubishi Motors (Japan), Toshiba (Japan), Fairchild (U.S.), NXP Semiconductors (Netherlands), Fuji Electric (Japan), Semikron (U.S.), Vishay Intertechnology (U.S.), Renesas Electronics (Japan) among others.


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Power Semiconductor Market Segments:

Segmentation by product material- Semiconductor is divided into 2 segments. They are GaN (Gallium Nitride) and SiC (Silicon Carbide).

Segmentation by device– power semiconductor is segmented into Diode, MOSFET/IPD and IGBT/Power module.

Segmentation by Application– according to application power semiconductor is divided into Renewable energy, Hybrid & electric vehicle, smart homes, LED lights among others.


Next Generation Power Semiconductor Regional Analysis:

Geographically Next Generation Power Semiconductor Market is segmented into North America which holds the major market of this power semiconductor industry. High demand in the automotive industry is boosting the growth of power semiconductor in North America. Europe includes countries such as Germany, France and Italy which are constantly contributing in the market of power semiconductor. Next there is Asia Pacific which consists of countries such as China Japan and South Korea which are considered among the major countries contributing in the market of power semiconductor. South Korea is the fourth largest export market for semiconductors and the second largest export market for semiconductor manufacturing equipment.


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