파워 디스크리트 및 모듈 시장 : 유형, 재료, 컴포넌트, 최종사용자 산업, 지역별(2024-2031년)

Power Discrete and Modules Market Valuation - 2024-2031

The growing need for energy-efficient solutions, the adoption of electric vehicles (EVs), and large investments in renewable energy technologies and smart grid infrastructure, especially in the Asia-Pacific region are the main drivers of the power discrete and modules market. According to the analyst from Verified Market Research, the power discrete and modules market is estimated to reach a valuation of USD 39.28 Billion over the forecast subjugating around USD 24.28 Billion valued in 2024.

The substantial investments by governments in China, Japan, and the US in smart grid technology to upgrade their electrical infrastructures are also pushing the power discrete and modules market. It enables the market to grow at a CAGR of 6.2% from 2024 to 2031.

Power Discrete and Modules Market: Definition/Overview

Power discrete and modules are specialized electronic components that are used to manage and convert electrical power in a variety of applications. Power modules combine several power components, such as power MOSFETs and inductors, into a single package, increasing efficiency and lowering space requirements, whereas discrete devices allow for greater customization and design freedom. These components are widely used in a variety of applications, including electric vehicles (EVs), renewable energy systems such as solar inverters, industrial automation, and consumer electronics, where they contribute significantly to improved energy efficiency and performance.

What are the Aspects Influencing the Growth of the Power Discrete and Modules Market?

The increasing growth of the EV and HEV markets is a major driver of power discrete and modules. According to the International Energy Agency (IEA), global electric vehicle sales reached 10 million in 2022, up 55% from 2021. By 2030, the IEA predicts that EVs will account for around 60% of worldwide new car sales. This surge in EV production is increasing demand for power semiconductors used in inverters, converters, and battery management systems (BMS).

The transition to renewable energy sources is increasing demand for power components and modules used in solar inverters and wind turbine systems. According to the International Renewable Energy Agency (IRENA), the global installed capacity of renewable electricity reached 3,064 GW in 2021, with solar and wind accounting for 88% of new capacity added that year. According to IRENA, renewables will supply 90% of global electricity needs by 2050, boosting the power semiconductor market even higher.

Furthermore, the global expansion of 5G networks is driving significant demand for power discrete and modules used in base stations and other communication equipment. According to an Ericsson estimate, 5G subscribers are expected to total 4.4 billion by the end of 2027, accounting for around 48% of all mobile subscriptions. This rapid spread of 5G technology is likely to increase demand for efficient power management systems, hence increasing the power discrete and modules market.

What are the Primary Challenges Faced by the Power Discrete and Modules Market?

The high initial cost of manufacturing and implementing power discrete and module technologies is one major barrier. The development of improved power electronics necessitates significant funding for research, manufacturing equipment, and infrastructure. This financial barrier discourages new entrants and hinders the growth of current businesses, especially in poorer countries where finance may be limited.

Furthermore, the scarcity of raw materials, especially for specialist components like silicon carbide (SiC) and gallium nitride (GaN), is another problem. The scarcity of these materials causes supply chain disruptions and higher production costs, affecting the pricing and availability of power discretes and modules. This limitation impairs manufacturers' ability to meet rising demand, particularly in sectors such as electric vehicles and renewable energy.

Category-wise Acumens

What Factors Contribute to the Increasing Demand for Power Modules in the Market?

According to VMR analyst, the power module segment is expected to dominate within the power discrete and modules market during the forecast period. The superior performance and efficiency of power modules over discrete devices is one of their main driving factors. Power modules combine many semiconductor components into a single package, resulting in improved thermal control and lower power loss. This increased efficiency is critical for applications like electric vehicles, renewable energy systems, and industrial automation, which require high performance and reliability.

The increasing need for dependable and small-sized power electronics solutions is another important driver. As industries move toward downsizing and higher power density, power modules provide a space-saving solution that fits these needs. Their capacity to withstand greater voltages and currents makes them excellent for use in electric vehicles and smart grid technologies, reinforcing their market dominance.

Furthermore, the rapid improvement of semiconductor technology, particularly in Silicon Carbide (SiC) and Gallium Nitride (GaN), is driving the expansion of the power module segment. These materials allow power modules to operate at greater temperatures and frequencies, which improves their performance in demanding applications. Continuous innovation in this field is boosting adoption across several sectors, including automotive and renewable energy, reinforcing the segment's market leadership.

How Does the Surge in EV Adoption in the Automotive Sector Driving the Market?

The automotive segment is estimated to hold the largest share of the power discrete and modules market during the forecast period. The need for power components and modules has greatly increased as the automotive sector moves toward electrification. These components are critical for regulating power in electric vehicles, enabling efficient energy conversion, and improving overall vehicle performance, all of which are required to meet consumer expectations and regulatory standards.

Manufacturers face pressure to design automobiles that use less energy and release fewer pollutants. Power components and modules play an important part in attaining these objectives by optimizing power management systems, increasing the efficiency of electric drivetrains, and lowering energy losses during operation.

Furthermore, the increasing use of automation and advanced driver assistance systems (ADAS) in automobiles is pushing up demand for sophisticated power electronics. These systems require dependable and efficient power management solutions to function properly. Power discrete and modules are essential to the operation of numerous electronic components in modern automobiles, helping the industry shift to more automated and intelligent driving experiences.

Gain Access to Power Discrete and Modules Market Report Methodology

Country/Region-wise Acumens

What are the Drivers Contributing to the Dominance of Asia Pacific in the Market?

The Asia Pacific region is estimated to dominate the power discrete and modules market during the forecast period. The Asia Pacific region is rapidly industrializing and urbanizing, resulting in increased demand for power electronics in a variety of sectors. According to the Asian Development Bank (ADB), urbanization in Asia and the Pacific will increase to 55% by 2030 and 64% by 2050, up from 20% in 1950. This expansion is driving demand for power infrastructure and electronic devices, hence boosting the power discrete and modules market. The United Nations predicts that by 2050, Asia's urban population will grow by 1.2 billion people, necessitating major growth of power systems and electronic infrastructure.

Furthermore, the Asia-Pacific region, especially China, is leading the way in electric vehicle adoption. According to the International Energy Agency (IEA), China accounted for half of the increase in worldwide electric car sales in 2021, selling 3.3 million electric vehicles. The China Association of Automobile Manufacturers predicts that new energy vehicle (NEV) sales in China will reach 9 million units in 2023, representing a 35% rise year on year. The rapid growth of the EV sector is creating a large demand for power discrete and modules used in car powertrains and charging infrastructures.

What Factors Influence the Market of Power Discrete and Modules in North America?

North America is estimated to exhibit substantial growth within the market during the forecast period. The North American region is experiencing significant development in data center capacity, creating demand for efficient power management systems. According to the United States International Trade Administration, the North American data center market will increase at a 10.5% CAGR between 2021 and 2026, reaching USD 105.12 Billion by 2026. This growth is driving up the demand for power components and modules in server power supplies, UPS systems, and cooling infrastructure.

Furthermore, North America is making significant investments in renewable energy sources and updating its power system, both of which necessitate superior power semiconductor technologies. The Energy Information Administration (EIA) predicts that renewables will account for 44% of US power output by 2050, up from 21% in 2021. In addition, the US Department of Energy's Grid Modernization Initiative is spending more than USD 220 Million on initiatives to increase grid dependability and resilience. These advancements are increasing the demand for power discrete and modules in inverters, converters, and smart grid applications.

Competitive Landscape

The competitive landscape of the power discrete and modules market is characterized by a constant interplay of innovation, technical advancement, and strategic alliances among various companies. Companies are increasingly focusing on research and development to better the efficiency, durability, and performance of power devices, which are crucial for applications in electric vehicles, renewable energy systems, and industrial automation.

Some of the prominent players operating in the power discrete and modules market include:

Infineon Technologies AG

ROHM Semiconductor

STMicroelectronics

NXP Semiconductors

Texas Instruments

ON Semiconductor

Renesas Electronics Corporation

Mitsubishi Electric Corporation

Semtech Corporation

Toshiba Corporation

Latest Developments:

In January 2023, Volkswagen signed a "strategic" procurement agreement with Onsemi. The agreement aims to secure power semiconductors for the next generation of electric vehicles. Onsemi provides SiC modules and transistors for VW's drive converters.

Power Discrete and Modules Market by Category

Type:

Power Discrete

Power Module

Material:

SiC

GaN

Others

Component:

Thyristor

Diode

Rectifier

MOSFET

IGBT

Others

End-User Industry:

Telecommunication

Industrial

Automotive

Renewable

Consumer Electronics

Military & Defense

Medical

Others

Region:

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3. Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Power Discrete And Modules Market, By Type of Devices

• Power Diodes
• Power Transistors
• Thyristors
• Power Rectifiers
• Power Modules

5. Power Discrete And Modules Market, By Application

• Automotive
• Industrial
• Consumer Electronics
• Telecommunications
• Aerospace and Defense
• Healthcare
• Others

6. Power Discrete And Modules Market, By Material

• Silicon Carbide (SiC)
• Gallium Nitride (GaN)
• Silicon (Si)

7. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape

• Key Players
• Market Share Analysis

10. Company Profiles

• Infineon Technologies AG
• ROHM Semiconductor
• STMicroelectronics
• NXP Semiconductors
• Texas Instruments
• ON Semiconductor
• Renesas Electronics Corporation
• Mitsubishi Electric Corporation
• Semtech Corporation
• Toshiba Corporation

11. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix

• List of Abbreviations
• Sources and References