Global Discrete Power Electronics Market – Industry Trends and Forecast to 2030

Global Discrete Power Electronics Market, By Materials (Silicon, Silicon Carbide, Gallium Nitride, Sapphire, and Others), Voltage (Low, Medium, High), Application (Power Management, Drives, Uninterruptible Power Supply (UPS), Rail Traction, Transportation, Renewable, and Others), End User (Information Communications Technology (ICT), Consumer Electronics, Energy and Power, Industrial, Automotive, Aerospace and Defense, and Others) - Industry Trends and Forecast to 2030.

Discrete Power Electronics Market Analysis and Size

The growing focus on electrification for a cleaner environment has increased the power electronics requirement in different forms. Discrete power electronics have wide applications in the power grid, transportation, energy, and automotive sectors. Furthermore, the intensifying need for power management devices and the increasing adoption of discrete power electronics in electric automobiles are the major influencing factors paving the way for the remarkable adoption of discrete power electronics across various verticals such as energy and power, aerospace and defense, automotive, consumer electronics and other industries.

Data Bridge Market Research analyses that the discrete power electronics market is expected to reach USD 2,512.22 million by 2030, which was USD 1,327.48 million in 2022, registering a CAGR of 8.30% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Discrete Power Electronics Market Scope and Segmentation

Market Definition

Power electronics manage the electrical power from one system to another through several components such as inductors, capacitors, and other semiconductor devices. A discrete power electronics is a single semiconductor device used as a rectifier or switch in power electronics. Discrete power electronics are used in various applications to regulate voltages, reduce heat generation and help lower power consumption.

Global Discrete Power Electronics Market Dynamics

Drivers

• The rapid development of electric vehicles widens the market scope

The rapid growth in the manufacture of electric vehicles is significantly contributing to the growth of the discrete power electronics market. Electric vehicles are those vehicles that are fully or partially powered by electric power. Discrete power electronics are used in various parts of electric vehicles to handle the flow of electric energy and play an important role in energy management. For instance, as per the International Energy Agency (IEA), in 2020, there will be above 10 million electric cars globally, up 43 percent from 2019. Thus, the rapid growth of electric vehicles will likely boost the demand for discrete power electronics in the market.

• Increasing demand for discrete power electronics in aerospace and defense

Increasing demand for discrete power electronics in aerospace and defense will likely propel the market growth during the forecast period. In the aerospace and defense sector, discrete power electronics products are adopted for various applications such as landing gear, defensive aids systems (DAS), power drive controls, engine systems and controls, cabin lighting, avionics, flight control, navigation,  and communications, among others. As a result of all these factors boosts the market growth.

Opportunities

• Technological advancements associated with discrete power electronics

Technological advancements are the major trends that are gaining high popularity in the discrete power electronics market. Major companies operating in the discrete power electronics sector focus on evolving advanced technologies to fulfill consumer demand. For instance, STMicroelectronics launched STi2GaN, a smart power electronic in its ST Intelligent and Integrated Gallium Nitride solutions family, in 2021. The STi2GaN employs bond-wire-free packaging technology that offers great durability, reliability, and performance. Thus, this technological advancement will likely create ample market growth opportunities in the upcoming years.

• Increasing advancements in the power semiconductor devices

Increasing advancements in power semiconductor devices have paved the path for newer devices such as gallium nitride field effect transistors (FETs), silicon carbide, and power diodes, which will further generate numerous opportunities for market growth. These devices use discrete power electronics that allow high-voltage operation, thermal management, and efficiency. Also, the widespread usage of discrete power electronics, even in noise-sensitive areas, replaces linear power supplies and voltage regulators. These factors will likely boost market growth.

Restraints/ Challenges

• Complex design associated with discrete power electronics

The complex design of discrete power electronics will be expected to hamper the market growth during the forecasted period. The assembling and wiring of all discrete components in discrete power electronics devices take more time and occupy larger space. As a result, this obstructs market growth.

This discrete power electronics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the discrete power electronics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Discrete Power Electronics Market Scope

The discrete power electronics market is segmented on the basis of materials, voltage, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Materials

• Silicon
• Silicon Carbide
• Gallium Nitride
• Sapphire
• Others

Voltage

• Low
• Medium
• High

Application

• Power Management
• Drives
• Uninterruptible Power Supply (UPS)
• Rail Traction
• Transportation
• Renewable
• Others

End User

• Information Communications Technology (ICT)
• Consumer Electronics
• Energy and Power
• Industrial
• Automotive
• Aerospace and Defense
• Others

Discrete Power Electronics Market Regional Analysis/Insights

The discrete power electronics market is analyzed and market size insights and trends are provided by country, materials, voltage, application, and end user, as referenced above.

The countries covered in the discrete power electronics market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the discrete power electronics market due to the high demand for power electronics from various end-user industries. Furthermore, the strong market base for the automotive sector in this region will further increase the market growth.

North America will continue to project the highest growth rate during the forecast period of 2023-2030 because of the increasing usage of discrete power electronics in this region's automotive, ICT, and industrial applications. Moreover, the presence of large market players and increasing adoption of IoT-based technologies will further increase the market growth.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Discrete Power Electronics Market Share Analysis

The discrete power electronics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to discrete power electronics market.

Some of the major players operating in the discrete power electronics market are:

• Infineon Technologies AG (Germany)
• Toshiba Corporation (Japan)
• STMicroelectronics (Switzerland)
• Renesas Electronics Corporation (Japan
• NXP Semiconductors, LLC (U.S.)
• SEMIKRON (Germany)
• Mitsubishi Electric Corporation (Japan)
• Texas Instruments Incorporated (U.S.)
• Fuji Electric Co., Ltd. (Japan)
• ABB (Switzerland)
• Hitachi, Ltd (India)
• Analog Devices, Inc. (U.S.)
• DENSO Corporation (Japan)
• Mitsubishi Electric Corporation (Japan)
• Vishay Intertechnology, Inc. (U.S.)
• Qualcomm Technologies, Inc. (U.S.)
• ROHM CO., LTD (Japan)
• GaN Systems (Canada)