© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Power Semiconductor Market – Growth Opportunities and Challenges Over : Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The growing automotive sector in countries including China and India is anticipated to provide an impetus to the power semiconductor market. The development of smart manufacturing in China will spur the demand for power devices.  Furthermore, the expanding power sector in the region will create growth opportunities for the Asia Pacific power semiconductor market. The semiconductor industry in China is flourishing owing to the increased government spending in wafer fab equipment.  Several government initiatives such as Digital India and Make in India will favor the industry growth in India. Regional Analysis of Power Semiconductor Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Power Semiconductor Market:  The power semiconductor market will experience growth that can be attributed to the growing demand from the automotive sector. The trend of self-driving, green, and connected cars will propel the demand for these semiconductors. The rise in the number of electric vehicles coupled with the need for fuel-efficient systems will support the power semiconductor market growth. There is a fast growth in the sale of hybrid and electric vehicles owing to the growing environmental concerns. Power devices find applications in anti-lock braking systems, electric power steering, tire pressure monitoring, and electronic stability control. Advanced Driver Assistance Systems (ADAS) will see a fast adoption of cameras, sensors, and interconnectivity systems in cars thereby propelling the power semiconductor market.  There will be a demand for Gallium Nitride (GaN) devices owing to the advantages offered by the material over silicon. The material features higher critical field strength than silicon. The higher electron mobility of the material enables a GaN device to have a smaller size and closer electrical terminals for a specified breakdown voltage requirement as compared to a silicon semiconductor. GaN is also becoming a popular technology for energy efficient power electronics. The development of GaN power devices will fuel the power semiconductor market growth.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Key players in the power semiconductor market are Semikron International GmbH, Fuji Electric Co., Ltd., Mitsubishi Electric Group, Texas Instruments, Infineon Technologies AG, ST Microelectronics N.V., Toshiba Corporation, and ABB Ltd. The leading players are trying to introduce advanced solutions that implement the latest technologies.  In May 2018, Fuji announced the launch of Fuji IGBT Simulator version 6 for loss and temperature calculation of the company’s IGBT devices. Companies focusing on the R&D of power semiconductors will aid in the power semiconductor market growth.  In June 2018, Infineon Technologies announced that the company will be investing in a 300mm chip factory in Austria. The increasing competition among key players to offer high-performance solutions will propel the power semiconductor market growth. Competitive Market Share of Power Semiconductor Market:

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