The Europe Power Semiconductor Market would witness market growth of 4.4% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 273.6 million units, showcasing a growth of 2.5% (2019-2022).
Thyristors are power semiconductors intended for high-power applications, also known as silicon-controlled rectifiers (SCRs). Thyristors are generally utilized for power regulation in AC circuits and can withstand high voltages and currents. They tend to be used in electric heating, lighting systems, and motor speed control projects. Insulated gate bipolar transistors (IGBTs), which combine the characteristics of MOSFETs and bipolar junction transistors (BJTs), are another type of power semiconductor.
IGBTs are suitable for high-power applications because they can operate at high voltages and with minimal conduction loss. They are widely employed in traction applications, renewable energy systems, and motor drives. In addition, numerous power rails and domains are required for embedded and application processors and other components in complicated systems. In these systems, using discrete components for power management might be costly.
Complete power supply systems can be implemented using power management integrated circuits (PMICs), which combine several voltage regulators and control circuits into a single chip. They facilitate simple and efficient system power management while reducing component count and board area.
The German security industry represents a key subsector. The German homeland security and public safety sales are expected to reach USD 17.96 billion in 2021, up from USD 20.43 billion in 2017 (based on the 2017 EUR-USD annual average exchange rate of 1.1297), according to the Federal Association of the German Security Industry (BDSW). The market will expand as the aerospace & defence industries expand since these components are used in various systems, including avionics, engine and flight control, communication and navigation, safety equipment, and missile systems.
The Germany market dominated the Europe Power Semiconductor Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,705.9 million by 2030. The UK market is exhibiting a CAGR of 3.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.1% during (2023 - 2030).
Based on Product, the market is segmented into Power MOSFET, IGBT, Thyristor, Power Diode, and Others. Based on Application, the market is segmented into IT & Telecom, Aerospace & Defense, Industrial, Automotive, Electronics, Energy & Power, Healthcare, and Others. Based on Material, the market is segmented into SiC, GaN, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Power Semiconductor Market is Projected to reach USD 67 Billion by 2030, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Infineon Technologies AG. Texas Instruments Inc., STMicroelectronics N.V., NXP Semiconductors N.V., ON Semiconductor Corporation, Mitsubishi Electric Corporation, Renesas Electronics Corporation, Toshiba Corporation, Fuji Electric Co., Ltd. and Hitachi, Ltd.
By Product (Volume, Million Units, USD Million, 2019-2030)
By Application (Volume, Million Units, USD Million, 2019-2030)
By Material (Volume, Million Units, USD Million, 2019-2030)
By Country (Volume, Million Units, USD Million, 2019-2030)
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