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Power Semiconductors Market Worth USD 97.2 Billion at a 6.30% CAGR by 2030 – Report by Market Research Future (MRFR)

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New York, US, Sept. 22, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “ Power Semiconductors Market, by Material, by Application, by Component – Forecast 2030”, valuation is expected to touch USD 97.2 billion by 2030, growing at a 6.30% CAGR during the assessment period (2022-2030).

Power Semiconductors Market Overview

The global power semiconductors market is expected to register notable revenue growth. The surging demand for power semiconductors in military and space applications will support the market growth predominantly. Investments in the semiconductor arena are increasing exponentially, and so are increasing business diversification activities. Power semiconductors play a causal role in vehicle speeds, power grids, and solar power generation, with less power loss. This technology demonstrates considerable stability in the radiation environment, GaN devices, offering favorable characteristics to terahertz (THz) devices that benefit many space and military applications. 

Players Leading The Power Semiconductors Include

  • Texas Instruments Inc. (US)
  • Infineon Technologies AG (Germany)
  • ST Microelectronics (Switzerland)
  • NXP Semiconductor (Netherlands)
  • Qualcomm Inc.(US)
  • Fairchild Semiconductor (US)
  • Broadcom Limited (US)
  • Renesas Electronic Corporation (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • Toshiba Corporation (Japan)

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Advanced power semiconductors are produced with power-efficient wafers utilizing new materials, such as silicon carbide and gallium nitride. Developing energy-efficient power semiconductors is crucial for electric cars that need devices that can sustain heat and pressure. The efficient management of electricity is important to vitalize future growth engines, such as artificial intelligence, 5G networks, and autonomous driving.

Power semiconductors can efficiently handle high voltages and large currents without getting damaged. Therefore, they are largely used in power conversion applications such as changing voltages & frequencies and changing DC to AC and AC to DC. Power conductors also help to provide a stable source of electricity to various home appliances and electrical equipment. Power semiconductor manufacturers take up mass production that can support EV production.

Power Semiconductors Market Report Scope:

Report Metrics Details
  Market Size By 2030 97.2 billion
  CAGR From 2022 to 2030 6.30%
  Base Year 2021
  Study Period 2022-2030
 Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Market Opportunities Demand a wide use of power semiconductors
  Key Market Drivers The increase in the demand for using non-conventional energy sources
Solar energy is pushing a wide need for a power management system that is efficient

Browse In-depth Market Research Report (100 Pages) on Power Semiconductors Market:

https://www.marketresearchfuture.com/reports/power-semiconductor-market-1178

Power Semiconductors Market Segments

The report is segmented into components, materials, applications, and regions. The component segment is sub-segmented into diodes, switching devices, power integrated circuits, thyristors, power MOSFETs, and rectifiers. The material segment is sub-segmented into silicon, silicon carbide (Sic), gallium nitride (GaN), gallium arsenide, and silicon germanium. 

The application segment is bifurcated into automotive, consumer electronics, military & aerospace, and industrial (inverters, wind/solar power generation). The region segment is bifurcated into the Americas, Europe, Asia-Pacific, and the Rest-of-the-World.

Power Semiconductors Market Geographical Analysis 

The Asia Pacific region leads the global power semiconductors market. The largest market growth attributes to the rapidly growing electric vehicle and electronics industry and the adoption of innovative technologies. Besides, the rise in consumer, telecommunication & data communication and medical sectors substantiates power semiconductor market growth. 

North America stands second in the power semiconductors market. The market is driven by innovations in GaN reliability enhancement and technology transfer (GREAT2) and well-established automotive and aerospace sectors. Additionally, the rising demand for semiconductor devices in military, offshore oil & gas exploration, and emergency medical service providers provides the impetus for regional market growth.

Europe is emerging as the most promising space, with burgeoning end-user industries such as the automobile and consumer electronics industries. Furthermore, the rising adoption of gallium nitride semiconductor devices in various well-developed sectors, such as defense & aerospace, information & communication technology, and healthcarecontributes to the region’s power semiconductor market share.

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Industry Trends

Greater stability in radiation surroundings possessed by GaN semiconductors fosters power semiconductors’ uses in the automotive and aerospace sectors. In the years to come, the power semiconductor market size is projected to grow further due to the rising usage of gallium nitride (GaN) semiconductor devices in different verticals, such as telecommunications, consumer electronics, and medical industries. 

The semiconductor industry thrives on innovation and entrepreneurship through industrial & academic interactions. Tech start-ups scale up their entrepreneurial skills and advanced learnings, providing components & practical knowledge, innovative semiconductor technologies, and power semiconductors. Support centers are set up across the globe to help resolve queries and help in learning technologies for research and development.

Technology providers strive to deliver advanced design and validation solutions to connect and secure the world with their power device testing solutions. High-tech enterprises specializing in the development and sales of next-generation semiconductor power devices help accelerate innovations in the sector. These companies are committed to innovation in power semiconductors, providing powerful tools in conjunction with advanced industry-critical technology waves.

On the other hand, the global shortage of semiconductors has affected the production of vehicles, household appliances, and other goods, fuelling inflation in the power semiconductor industry. Manufacturers are continually working on increasing semiconductor production by improving supply chains. 

Major elements of the semiconductor supply chains are established by conducting research & development, design, assembly, and test manufacturing in various countries across the globe. Manufacturers take advantage of government aid and invest massively in semiconductor production to push the integration of their supply chains. They also collaborate with electric vehicle manufacturers to expand the lithium industry’s production. 

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Power Semiconductors Market Competitive Landscape 

Highly competitive, the power semiconductors market appears fragmented due to the presence of many well-established players. Market players initiate strategies such as collaboration, mergers & acquisitions, expansion, and product/ technology launch to gain a competitive share. Significant investments are transpired in the R&D to upgrade technology and product developments & applications across the industries. 

For instance, on Sep 14, 2022, Mitsubishi Electric India Power Semiconductors announced entering into a Memorandum of Understanding with IIT Madras Research Park to develop sustainable technologies. Mitsubishi Electric is a pioneer of Semiconductor technology, and it aims to foster innovation and technology upgrades in India through this partnership. The brand contributes to advancing its electrical and electronic products and solutions suitable for diverse production needs.

Related Reports:

Automotive Semiconductor Market Research Report Information By Component, Application, Vehicle Type, Propulsion, Forecast 2030

SiC Power Semiconductor Market Report Information: By Device, Wafer Size, Application, End User, by Region – Forecast 2027

GaN Semiconductor Devices Market Research Report: by Type, by Wafer Size by Device and by End User – Forecast till 2030

Next-Generation Power Semiconductors Market Information, by Product Material, by Device, by Applications – Forecast- 2027

Organic Semiconductor Market Research Report, by Type, Application, Region – Forecast till 2027

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize

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TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.

This contest is for engineers and students in Japan and overseas to compete in various  fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org 
 
 

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XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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