LONDON--(BUSINESS WIRE)--According to the latest market research study released by Technavio, the global power transistor market is expected to exceed USD 18 billion by 2020, growing at a CAGR of over 5% during the forecast period.
This research report titled ‘Global Power Transistor Market 2016-2020’, provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecast for various market segments and all geographical regions.
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The report segments the global power transistor market by end-user and can be divided into three broad categories:
- Consumer electronics
- Power and energy management
In recent years, the use of power transistors in the automotive sector has been helping revive the power transistor market. Power transistors are mainly used in automotive systems such as power steering, cruise control, and Bluetooth. The increasing number of safety applications in automobiles, including electronic power steering, lighting, air conditioning, and electronically controlled suspension, has further accelerated the usage of power transistors in the automotive sector.
According to Asif Gani, lead analyst for embedded systems research at Technavio, “The high demand for power transistors is fueled by their increasing use in hybrid and electric vehicles. Governments worldwide are looking to curtail CO2 emissions. This is accelerating the adoption of hybrid and electric vehicles that employ power transistors.”
Power transistors are extensively used in consumer electronic goods like computers, televisions, smartphones, micro inverters, air conditioners, washing machines, and refrigerators. The use of these transistors results in higher performance and efficiency, minimal power loss, and longer short circuit withstand time.
“Insulated-gate bipolar transistor (IGBT) modules are increasingly being used in consumer electronics due to the many advantages that they offer, such as enhancing the product's performance, efficiency, and life cycle,” says Asif.
Furthermore, the growing popularity of smart devices has been fueling the demand for power transistors in recent years. In addition, there is high demand for microinverters from the solar power market in the US. The inverters employ power transistors in the range of 60-150 volts. Thus, the rapidly growing consumer electronics sector will fuel the growth of the power transistor market.
Power and energy management
Power transistors are increasingly being used in renewable energy generation with the use of the wind and solar power systems. This segment is growing at a rapid rate due to stringent government regulations to reduce CO2 emissions and conserve energy following the increasing levels of global warming and the reactor meltdown in Fukushima in 2011.
In this regard, power transistors improve energy efficiency not only at the generation and transmission stages but also during the usage of electrical energy. Power transistors are used when electric power is generated from the fluctuating source and then needs to be subsequently fed into a power grid.
The infiltration of alternative power sources will gradually increase during the forecast period, with countries making it mandatory to use such sources to reduce carbon emissions and deal with the acute power shortage globally.
Technavio analysts highlight the following seven vendors as the top contributors to the global power transistor market:
- Fairchild Semiconductor
- Infineon Technologies
- International Rectifier
- Mitsubishi Electric
- Texas Instruments
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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