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Power Semiconductor Market is expected to generate a revenue of USD 43.03 Billion by 2031, Globally, at 2.37% CAGR: Verified Market Research®

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Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, ” Power Semiconductor Market Size and Forecast,”. This report presents a comprehensive analysis of the power semiconductor market, revealing crucial trends and data-driven insights set to impact industry stakeholders, manufacturers, and technology innovators.

LEWES, Del., Nov. 26, 2024 /PRNewswire/ — The Global Power Semiconductor Market Size is projected to grow at a CAGR of 2.37% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 35.68 Billion in 2024 and is expected to reach USD 43.03 Billion by the end of the forecast period.

The power semiconductor market is poised for significant expansion, fueled by the rapid transition to electrification, advancements in energy-efficient technologies, and rising demand in electric vehicles, industrial automation, and renewable energy systems. Our report delves into the latest market dynamics, highlighting emerging opportunities and challenges that companies need to navigate for a competitive edge.

Key Highlights of the Report:

Market Size & Growth Projections: Detailed analysis of current market valuation and future growth prospects with in-depth insights into revenue trends across key regions, including North America, Europe, Asia-Pacific, and the rest of the world.

Technological Trends & Innovations: Exploration of cutting-edge innovations in Wide Bandgap (WBG) semiconductors such as Silicon Carbide (SiC) and Gallium Nitride (GaN), reshaping power electronics and efficiency standards.

Industry Segmentation & Key Players: Strategic segmentation analysis across device types, including Power Integrated Circuits (ICs), Power Modules, Discrete Semiconductors, and their applications in automotive, consumer electronics, energy, and industrial sectors.

Competitive Landscape: Comprehensive profiles of market leaders and rising players, assessing their product portfolios, R&D strategies, and key collaborations impacting the market landscape.

Regulatory & Policy Analysis: Insights into global regulatory frameworks, compliance requirements, and their implications for industry growth.

Why This Report Matters to Industry Leaders?

This report is essential for senior executives, product managers, R&D specialists, supply chain leaders, and decision-makers in the power electronics and semiconductor sectors. Whether you’re an established industry player, a new entrant, or a technology provider looking to align with market trends, this report provides the strategic insights necessary for informed decision-making.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=38036

Browse in-depth TOC on “Global Power Semiconductor Market Size

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2031

GROWTH RATE

CAGR of ~2.37% from 2024 to 2031

BASE YEAR FOR VALUATION

2024

HISTORICAL PERIOD

2021-2023

FORECAST PERIOD

2024-2031

QUANTITATIVE UNITS

Value (USD Billion)

REPORT COVERAGE

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

SEGMENTS COVERED

By Material TypeBy Application

 

REGIONS COVERED

North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa

 

KEY PLAYERS

Broadcom Limited, Toshiba Corporation, Mitsubishi Electric Corporation, Renesas Electronic Corporation, Qualcomm Inc., NXP Semiconductor, Infineon Technologies AG, Texas Instruments Inc., ST Microelectronics, and Fairchild Semiconductor.

CUSTOMIZATION

Report customization along with purchase available upon request

 

Global Power Semiconductor Market Overview

Surge in Electric Vehicle (EV) Adoption Boosting Demand: The Power Semiconductor Market is experiencing significant expansion driven by the increasing global demand for electric vehicles (EVs). As automotive manufacturers expedite electric vehicle production to fulfill environmental objectives and market demands, the necessity for effective power management solutions is paramount. Power semiconductors are essential in electric vehicles, facilitating optimal battery performance, rapid charging, and enhanced energy efficiency—crucial elements contributing to substantial revenue development in this sector.

Expansion of Renewable Energy Infrastructure: The global proliferation of renewable energy initiatives significantly propels the Power Semiconductor Market. Governments and corporations are making substantial investments in solar, wind, and energy storage systems, resulting in heightened demand for power semiconductor devices such as inverters and converters. These components are crucial for optimizing energy conversion efficiency, minimizing power loss, and adhering to rigorous energy efficiency regulations, hence driving significant market expansion.

Rising Demand for Industrial Automation: The transition of the industrial sector towards automation and intelligent manufacturing is enhancing the Power Semiconductor Market. Advanced equipment and robotic systems rely on power semiconductors for precise power management and energy optimization. With companies seeking for increased operational efficiency and lower downtime, power semiconductors offer faster and more dependable processes. This trend directly influences market growth as industries persist in modernization.

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High Initial Costs of Advanced Technologies: The Power Semiconductor Market presents various benefits; nevertheless, the substantial initial investment required for advanced semiconductor materials such as Silicon Carbide (SiC) and Gallium Nitride (GaN) constitutes a limitation. These materials, though more efficient, are much more expensive than standard silicon, which can inhibit use, particularly among smaller manufacturers. This cost problem may restrict market expansion, particularly in price-sensitive areas or sectors with constrained budgets.

Supply Chain Disruptions and Semiconductor Shortages: The weaknesses in global supply chains and shortages of semiconductors provide problems for the Power Semiconductor Market. The sector relies greatly on a consistent supply of raw materials and components, and recent disruptions have contributed to production delays and extended lead times. Supply chain disruptions can impede market growth, impacting manufacturers’ capacity to satisfy increasing demand in industries such as automotive and renewable energy, hence decelerating overall market expansion.

Complexity in Manufacturing and Technical Limitations: The intricacy of producing next-generation power semiconductors can provide a substantial obstacle. Maintaining efficiency, dependability, and heat tolerance necessitates high precision, complicating production and increasing costs. Moreover, specific technical constraints—such as thermal dissipation and power loss at elevated voltages—present persistent hurdles. These factors can impede the rate of innovation and influence the overall growth trajectory of the Power Semiconductor Market.

Geographical Dominance

The Asia-Pacific region dominates the Power Semiconductor Market because to its robust manufacturing base, expanding automotive sector, and swift industrialization. Countries like China, Japan, and South Korea are dominating in semiconductor production and innovation, attracting substantial investments. This regional supremacy enhances global supply capacities, lowers manufacturing expenses, and promotes technological progress, so benefiting overall market expansion and competitiveness.

Key Players

The “Global Power Semiconductor Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are Broadcom Limited, Toshiba Corporation, Mitsubishi Electric Corporation, Renesas Electronic Corporation, Qualcomm Inc., NXP Semiconductor, Infineon Technologies AG, Texas Instruments Inc., ST Microelectronics, and Fairchild Semiconductor.

Based on the research, Verified Market Research has segmented the global Power Semiconductor Market into Material Type, Application, and Geography.

Power Semiconductor Market, by Material Type:Gallium Nitride (Gann)Silicon Carbide (Sic)Silicon/GermaniumPower Semiconductor Market, by Application:Consumer DevicesTelecommunicationAerospace & DefenseAutomotiveCATV & Wired BroadbandPower Semiconductor Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

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Visualize Power Semiconductor Market using Verified Market Intelligence -:

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VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

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With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

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UBHOME Collaborates with Qualcomm to Release the Smart Lawn Mower, Co-Creating a New Era of Smart Life

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The 2025 CES in the United States is about to unveil a brand-new chapter in the future intelligent home gardening

LAS VEGAS, Dec. 28, 2024 /PRNewswire/ — UBHOME, a sub-brand of UBTECH Robotics, announced an intelligent service robot in collaboration with Qualcomm Technologies, Inc. The Robotic Mower M10 is a revolutionary smart lawn mower announced at the 2025 International Consumer Electronics Show (CES) in the United States. This product is powered by the Qualcomm® RB1 Robotics Platform, showcases UBHOME’s rich experience in robot research and development, and focuses on solving the pain points of traditional lawn-mowing equipment, providing users with a worry-free and labor-saving smart gardening experience, and creates a new model of gardening intelligence.

User-Oriented: The All-New Convenience Brought by the Smart Lawn Mower to Life

The Robotic Mower M10 is not only a high performance tool but also an upgrade of the smart lifestyle. In response to the pain points of users when using traditional lawn-mowing equipment, this product offers a series of practical functions, bringing brand-new convenience to home gardening:

Wireless and Borderless Mowing: There is no need for cumbersome boundary wire installation anymore. The device relies on accurate environmental perception and navigation technology to independently plan the work area, allowing users to use it right out of the box, saving installation time and energy.

Automatic Mowing, Saving Time and Effort: The device can automatically complete the lawn mowing work according to the preset schedule or real-time instructions, enabling users to manage the lawn care through delegation to the mower.

Wide Coverage and Stable Signal: It supports a large-scale signal connection of up to 130,000 square meters. Even for extremely large courtyards, stable operation can be ensured, and there is no need to worry about signal loss.

Real-time Online, in-control Anytime: Through APP remote control and real-time monitoring, users can adjust the mowing plan or check the device status at any time, managing the courtyard work as they like.

The combination of these functions not only greatly simplifies the complexity of mowing work but also liberates users from repetitive physical labor, allowing them to focus on enjoying the wonderful moments of life.

UBHOME: In-depth Layout in Smart Home

UBHOME is a brand under UBTECH Robotics that focuses on providing smart solutions for families. As a world-leading robot enterprise, UBTECH, with its strong R&D strength and technological accumulation, has successfully launched Walker, China’s first commercial bipedal human-sized humanoid robot. The launch of the Robotic Mower M10 by UBHOME this time is an important step in its layout in the smart home field.

Relying on UBTECH’s technological accumulation in robots and its in-depth understanding of user needs, the Robotic Mower M10 achieves the best mowing effect through environmental recognition and dynamic adjustment. Whether it is complex terrain, steep slopes, or high requirements for fine mowing, it can perform perfectly, demonstrating its excellent technical capabilities and brand commitment.

Powered by Qualcomm Technologies, Facilitating Intelligent Upgrading

As a global leader in wireless technology and edge intelligence, Qualcomm Technologies provides cutting-edge technical support for the Robotic Mower M10, including intelligent edge computing platforms, dynamic path planning, and environmental perception technologies. These technologies ensure that the device can operate efficiently in various environments, providing users with a precise and efficient smart experience. The Robotic Mower M10 utilizes the Qualcomm RB1 Robotics Platform to ensure the superior operation of the Robotic Mower M10 in large-scale courtyards, laying a solid foundation for realizing smart life.

Industry Significance and Trend: Promoting the Development of Gardening Intelligence

With the continuous increase in the demand for home intelligence, the market for smart gardening equipment is in a period of rapid development. As a typical representative of this trend, the smart lawn mower not only meets consumers’ pursuit of a convenient lifestyle but also provides a direction for the transformation of the gardening industry from tool manufacturing to smart services.

The product released by UBHOME not only fills the gap in the high-performance lawn-mowing equipment market but also sets a new industry benchmark. Through the multiple advantages of wireless, real-time connection, and fully automated operation, it endows home gardening with new value, making users no longer regard mowing as a burden but feel the convenience and fun brought by technology.

Innovation Hand in Hand, Co-creating Smart Life

The collaboration between UBHOME and Qualcomm Technologies showcases a strong collaboration of technology and innovation. Both parties are committed to bringing more convenient and efficient life experiences to consumers through technological innovation.

At the 2025 CES, UBHOME and Qualcomm Technologies will showcase the innovative functions and application scenarios of this Robotic Mower M10.

About UBHOME 

UBHOME is a brand under UBTECH Robotics, focusing on providing smart solutions for families. UBTECH is a world-leading robot enterprise dedicated to the research and development and application of artificial intelligence and robot technology and has successfully served more than 900 enterprise-level customers in more than 50 countries around the world.

Media Contact Information
For more information, please contact:
UBHOME Brand Team: mbu-sales@ubtrobot.com 

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.  

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SOURCE UBTECH ROBOTICS CORP LTD

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Global Launch of JETOUR T2 i-DM: Reshaping the Hybrid SUV Market

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DOHA, Qatar, Dec. 28, 2024 /PRNewswire/ — On December 25, 2024, the First JETOUR Fan’s Festival and the Launch of T2 i-DM was held in Qatar, themed “Think Future”. During the event, JETOUR launched its user brand “Traveler” in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR’s commitment to exploring sustainable travel modes and ambition to become the “The World’s Leading Brand in Hybrid Off-road Vehicles” under the “Travel+” strategy.

JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel.

Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology’s role in producing world-class products. The launch also introduced “Traveler”, enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan’s Festival invited user representatives from across the Middle East to witness the unveiling of “Traveler”, experiencing “Travel+” culture through city tours and co-creation workshops.

JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through “Traveler,” JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the “Travel+” culture worldwide. Mr. Alex Tan, Vice President of JETOUR International, said, “Serving ‘JETOUR users’ and being ‘a user-oriented JETOUR’ are JETOUR’s development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users.”

JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East, embodying JETOUR Speed and the brand’s image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers’ needs and reshape the hybrid SUV market.

The launch of T2 i-DM marks JETOUR’s new journey towards “the World’s Leading Brand in Hybrid Off-road Vehicles.” JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future.

SOURCE JETOUR AUTO

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My Date with Rural China—-VOC.com.cn Unveils Season Two of I Am in Rural China

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CHANGSHA, China, Dec. 28, 2024 /PRNewswire/ — Modern China’s rural revitalization strategy is crafting a remarkable narrative of transformation across the countryside, while progressive opening-up policies encourage foreign visitors to delve deeper into the nation’s heartland. On December 26th, VOC.com.cn premiered the second season of its acclaimed series, I Am in Rural China. The show follows Teona Kvartskhava, an international guest, as she explores the villages of Hunan Province, offering viewers a firsthand look at the dynamic implementation of comprehensive rural revitalization. This captivating series invites a global audience to witness the dawn of a new era in China’s rural landscapes, showcasing the country’s evolving countryside to viewers worldwide.

Rice field came as the first surprise. Hunan is the largest rice grower and producer in China. Hunan provides the high-quality and tasty rice. Teona Kvartskhava, a foreigner hardly feeding on rice, was tempted to have plenty of it. In Qunle Village, Lixian County, Changde, she also experienced “Double Rush”, which is a time-honored agricultural event in China. An event that used to call for the joint efforts of all family members, has now become much easier thanks to technology.

Departing from Lixian County for the moment, Teona Kvartskhava embarked on an exciting trip of tastes in Rucheng, Chenzhou, Southern Hunan. Hunan people are keen and expert on peppery food and spicy taste dominates the Hunan cuisine. Hunan is also rich in varieties of peppers. Jingpo town, a well-known town where spicy food prevails. It is a producer of red cluster pepper, officially one of the hottest peppers in China. From the crowded market, to the red and yellow pepper planting base, and then to the modern processing pepper workshop, the small cluster pepper strung up all corners of the town, so that the original ordinary mountain town has become extraordinarily lively and affluent.

Of course, the “star” of the countryside here is not only agriculture, but also culture, which has also blossomed in this ancient land. As the birthplace of papermaking, China has preserved a unique handmade papermaking technique, which is used to make some “special” papers. In Shanghong Village, Liuyang, Teona Kvartskhava was lucky to meet two Chinese masters, who showed her hands-on experiences of “Gushan Tribute Paper” and “Floral Paper”. As the process progresses, the paper took shape in her hands, as if history and culture were meeting in front of her eyes, and became the “first paper” in Teona Kvartskhava’s life.

So,What’s rural China like? It’s about hospitable peasants, about various agricultural produce, about profound history and culture, about colorful intangible cultural heritage. It’s like a book telling numerous absorbing stories. Hopefully Teona Kvartskhava’ll be luckier to visit more villages for their unique interest and charm.

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SOURCE voc.com.cn

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