North America is Expected to Dominate Power Transistor Market until 2028

Increasing connected electronics devices and rising 5G technology are expected to drive the Global Power Transistor market during the forecast period 2024-2028.

According to TechSci Research report, “Power Transistor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018–2028F”, the global Power Transistor Market is anticipated to register a robust growth during the forecast period 2024-2028 due to the factors such as wide variety of applications across various industries such as telecommunication, electronics, automotive, etc. and increasing technological advancements.

Additionally, global demand for electric vehicles is anticipated to fuel the growth of the power transistor market. Power transistors are used in a number of automotive parts, including interior lighting, the ignition switch, and power steering. The management of the electric energy used by electric vehicles depends heavily on power transistors. As a result, it is projected that the quickly expanding electric vehicle sector would fuel the expansion of the worldwide power transistors market over the forecast period.

Moreover, the rapidly growing demand for the power-efficient devices across numerous end use verticals is significantly boosting the growth of the global power transistor market. The increasing demand for the automation technologies and emergence of industry 4.0 are the major factors that drives the growth of the global power transistor market.

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Furthermore, several countries are shifting to renewable energy sources from electricity generation using fossil fuels like coal and gas. This has led to the continuous growth of new installations for renewable energy sources and a simultaneous decline for non-renewable ones. Power electronics including power transistors play a key role in shifting electrical energy patterns to renewable energy with higher energy efficiency. Therefore, increasing adoption of renewable energy sources is likely to grow the global power transistor market.

Power transistors contribute to rapid heat dissipation that prevents overheating, lowers CO2 emissions, and lowers the cost of power. Due to these advantages, they are a key element in many electrical products. In addition, there is a developing market for power-efficient electronic gadgets due to the expanding world population and increased fossil fuel use.  In addition, manufacturers are releasing novel semiconductor materials in addition to silicon and germanium, as well as funding several research and development projects to enhance the performance characteristics of power transistors.

For instance, it is projected that the growing demand for silicon carbide (SiC) and gallium nitride (GaN) transistors will spur market expansion in the years to come. Utilizing cutting-edge techniques like computer-assisted design (TCAD) and device simulations, manufacturers have created tiny and highly efficient power transistors, which is another significant industry development.

Global Power Transistor Market is segmented into by type, by application, by end-use and by region.

On the basis of type, metal oxide semiconductor field-effect transistor is the dominating segment in the Global Power Transistor Market because it has various advantages over other types of transistors, including lower power consumption and faster switching times. Due to its quick switching time and low input capacitance, it is also utilized in a wide range of switching applications. Additionally, it is suitable for parallel operations due to its low on-resistance and input gate capacitance. Additionally, it operates at low voltages with increased efficiency.

On the basis of regional analysis, North America is emerging as a global leader in the global power transistor market due to the increasing inclination of the consumers awareness towards the adoption of energy-saving applications with renewable power supplies and is expected to augment the growth of the regional power transistor market. Moreover, especially the U.S., will have the highest rate of 5G adoption, due to the early launches and the propensity of the domestic consumer to rapidly adopt new technologies. By 2025, there will be around 202 million 5G connections in the region. Moreover, increasing industrial automation, as well as growing networks of charging stations in the region tend to drive the demand for the power transistor market.

Major market players operating in the Global Power Transistor Market are:

• Infineon Technologies AG
• Texas Instruments Incorporated
• Semiconductor Components Industries, LLC
• Fuji Electric Co., Ltd.
• STMicroelectronics
• Mitsubishi Electric Corporation
• Semikron Danfoss
• Toshiba Electronic Devices & Storage Corporation
• TE Connectivity
• NXP Semiconductors
• Analog Devices, Inc.
• Torex Semiconductor Ltd.
• Qorvo, Inc
• Vishay Intertechnology, Inc.
• ABB Semiconductors

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“Most of the electromechanical and electrical devices are integrated with power circuits. Rising demand for automated weapons and electric vehicles (EVs) for military and growing focus on aerospace and defense industry in emerging economies such as China and India are expected to act as growth opportunities for the power transistors market in the coming years. Moreover, advancement in technology that enables the semiconductor technology, nanotechnology fields, and the internet of things technology is also expected to propel the power transistor market during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Power Transistor Market - Global Industry Size, Share, Trends, Opportunities, and Forecast 2018-2028, Segmented By Type (Bipolar Junction Transistors, Metal Oxide Semiconductor Field-Effect Transistor, Static Induction Transistor, Insulated Gate Bipolar Transistor), By Application (Switch-Mode Power Supplies, Relays, Converters, Power Amplifiers, DC To AC Converters, Power Supply, Power Control Circuits, Inverters), By End-Use (Consumer Electronics, Communication and Technology, Automotive, Manufacturing, Energy and Power and Others), By Region, Competition”, has evaluated the future growth potential of Global Power Transistor Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Power Transistor Market.

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