The Europe Power Transistor Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 523.4 million units, showcasing a growth of 2.3% (2019-2022).
It is expected that there will be a significant increase in demand for power transistors as well as an upsurge in the growth of the market due to the rise in demand for power-efficient electronic devices and the high demand for gallium nitride (GaN) and silicon carbide (SiC) transistors. The rapid development of technology and the increasing adoption of the Internet of Things (IoT) are both expected to open up new opportunities that will fuel the expansion of the market over the course of the forecast period.
The power transistors help quickly dissipate heat, avoid overheating, and reduce CO2 emissions as well as electricity expenses. They are an essential component in many electronic gadgets because of these advantages. Furthermore, the need for power-efficient electronic gadgets has increased as a result of the expanding population and rising fossil fuel use.
Power transistors control and condition power for all kinds of electronics, including an increasing number of battery-operated systems, and hence are an important part of the discrete semiconductor industry. Recent efforts to improve the effectiveness of electrical grids all over the region have considerably raised the importance of power transistors in consumer, commercial, and industrial systems.
The UK has set a target of 2040 for a complete transition to electric vehicles, prohibiting the purchase of new diesel and petroleum vehicles. The nation's electric vehicle (EV) industry is steadily growing in accordance with this goal. Demand for essential power electronic components and systems is expected to rise as the UK gets ready to switch to producing only electric vehicles in the upcoming years. Above mentioned factors will further fuel the expansion of the regional market.
The Germany market dominated the Europe Power Transistor Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,172.6 million by 2030. The UK market is exhibiting a CAGR of 4.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.9% during (2023 - 2030).
Based on Type, the market is segmented into Bipolar Junction Transistor, Field Effect Transistor and Heterojunction Bipolar Transistor. Based on Technology, the market is segmented into Low-voltage FETs, RF Microwave Power, High-Voltage FETs, and IGBT Transistor. Based on Vertical, the market is segmented into Manufacturing, Consumer Electronics, Automotive, IT & Telecommunication 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 Transistor Market is Projected to reach USD 20.2 Billion by 2030, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Texas Instruments, Inc., Infineon Technologies AG, NXP Semiconductors N.V., STMicroelectronics N.V., Microchip Technology Incorporated, Mitsubishi Electric Corporation, Renesas Electronics Corporation, Vishay Intertechnology, Inc., Rohm Co., Ltd. and Diodes Incorporated
By Type (Volume, Million Units, USD Million, 2019-2030)
By Technology (Volume, Million Units, USD Million, 2019-2030)
By Vertical (Volume, Million Units, USD Million, 2019-2030)
By Country (Volume, Million Units, USD Million, 2019-2030)
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