Power Discrete Market Growing Demand for Efficient Power Solutions Drives Expansion 2028

A Power Discrete Market also known as a discrete component, refers to an electronic component that consists of a single circuit element. These components can be either active, such as transistors or vacuum tubes, or passive, including resistors, capacitors, inductors, and diodes. Discrete power devices are distinct from integrated circuits, which combine multiple circuit elements on a single chip.

One notable characteristic of discrete power devices is their ability to achieve high-frequency switching and low resistance. These properties make them highly suitable for applications requiring efficient power supplies, such as electric vehicles (EVs), hybrid electric vehicles (HEVs), photovoltaic inverters, and high-frequency (HF) switching.

Discrete power devices find extensive use in various industries, including transportation and automotive, consumer electronics, communications, and others. For example, they are employed in server power supplies, IT devices, and other applications that require highly efficient and stable power supplies. Additionally, they play a crucial role in EVs and HEVs, enabling efficient power conversion and control.

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Emphasis on Energy Conservation: There is a growing global emphasis on energy conservation and efficiency in various industries and applications. Power discrete devices play a crucial role in achieving effective and efficient electrical energy conversion and control. These devices help optimize power usage, reduce energy losses, and improve overall system efficiency, contributing to energy conservation efforts.

Increased Demand for Electric Vehicles (EVs), Plug-in Electric Vehicles (PEVs), and Hybrid Electric Vehicles (HEVs): The automotive industry is experiencing a significant shift towards electric and hybrid vehicles due to environmental concerns and government regulations. Power discrete devices are essential for power management, motor control, battery charging, and other key functions in electric vehicle systems. The increasing demand for EVs, PEVs, and HEVs is driving the growth of power discrete devices market.

Growing Demand for Insulated Gate Bipolar Transistors (IGBTs): Insulated Gate Bipolar Transistors (IGBTs) are widely used in various applications, including consumer electronics, industrial equipment, renewable energy systems, and power electronics. These devices offer high efficiency and fast switching capabilities, making them ideal for power control and conversion. The demand for IGBTs is increasing as they contribute to improved energy efficiency and performance of electronic devices across different sectors.

Advancements in Technology: Continuous advancements in power semiconductor technology are fueling the growth of the Power Discrete Market. Innovations in device designs, materials, and manufacturing processes are enabling the development of more efficient and compact power discrete components. These advancements result in improved performance, higher power density, and better thermal management, meeting the evolving needs of various industries.

Increasing Applications in Consumer Electronics and Power Electronics: Power discrete devices are extensively used in consumer electronics, such as smartphones, laptops, televisions, and home appliances. They enable efficient power management, voltage regulation, and switching control in these devices. Additionally, power discrete components are vital in power electronics applications, including industrial equipment, renewable energy systems, data centers, and telecommunications. The expanding applications in these sectors contribute to the growth of the Power Discrete Market.

 Some of the key companies operating in the global Power Discrete Market include:

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

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Global Power Discrete Market segmentation:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

  • Power Discrete
  • Power Module

Component Type Outlook (Revenue, USD Billion; 2018-2028)

  • Thyristor
  • Diodes
  • Rectifier
  • IGBT
  • Others

Material Type Outlook (Revenue, USD Billion; 2018-2028)

  • SiC
  • GaN
  • Others

Industry Vertical Type Outlook (Revenue, USD Billion; 2018-2028)

  • Telecommunication
  • Industrial
  • Automotive
  • Renewable
  • Consumer & Enterprise
  • Military
  • Defence & Aerospace
  • Medical

Regional Outlook:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • U.K.
    • Rest of EU
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • U.A.E
    • Rest of MEA

Further key findings from the report suggest

  • The increasing demand for IGBT (insulated-gate bipolar transistor) is aiding to significant growth of the power discrete market with the largest share of 25.28% in 2020. Power discrete devices are a type of semiconductor devices that are used as a switch in power electronics. For example, a switch-mode power supply can be an example of power discrete device.
  • The steadily growing demand for IGBTs (Insulated Gate Bipolar Transistors) is one of the major factors driving the power discrete market. The use of discrete silicon-based IGBTs enhances the efficiency of electronic devices that range from consumer electronics to power electronics. The purpose of silicon-based IGBTs adds significantly to the advancement of power electronics.
  • The automotive sector of the power discrete market accounts for the largest share of 31.90 % of the market in 2020. Due to the growing demand for automotive in various regions across the world, it is predominant to increase the production of each component in an automobile and power discrete systems. It also offers amenable possibilities to make hybrid motor control devices and meet the rising demand.
  • In the security and defense sector, the security and adaptability offered by power discrete are extremely useful for radar and other automated warfare, autonomous weapons, guidance and control systems, including secure communication.
  • The medical sector has also developed as a potential end-use industry for the vendors in the global power discrete market and is expected to grow at a CAGR of 5.8% during the forecast period, due to the application for implantable RF and ingestible devices, diagnostic and monitoring equipment, magnetic resonance imaging (MRI) equipment, wireless telemetry, wearable wireless radio frequency (RF) monitoring devices. Power discrete makes for profoundly reliable and high-performance products which help in enhancing patient care and quality of life.
  • The accelerated rise in demand for SiC in various developing countries such as Brazil, China, Russia, Indonesia, and India has resulted in the RoW region and APAC bestowing vast, profitable opportunities for market players to capitalize more.
  • Other regions such as North America are estimated to register a CAGR of 5.6 %, during the forecast period.

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