Latest industry research report on Power semiconductor Market. Power semiconductor is the fundamental component of modern power electronic circuitry machines and instruments. These are used in wireless communication, advanced control of electric drives, motion control & servo drives, advanced computer systems, antennas, propagation & satellite systems, broadband wireless techniques, and others. They form an indispensable part of electrical appliances, machines, and systems.
Increasing use of non-conventional energy sources such as tidal, solar, and photovoltaic and growing need for more efficient power management and new safety features in the automotive industry have increased the adoption of power semiconductors in the IT & consumer electronics industry, automotive, power distribution, and rail transportation sectors.
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Increasing demand for compact products has enabled companies to adopt collaboration strategy to offer industry-specific products. Market players have focused on innovation in new technologies such as silicon carbide-based devices to expand their market presence. However, limited technological advancements in the power semiconductors market have hampered the growth of the market.
The market is segmented on the basis of module, industry vertical, product, and geography.
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