Report : Europe Power Discrete and Modules Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type(Power Discrete, and Power Module), Application(Industrial, Consumer Electronics, IT and Telecom, Automotive, and Others) ,Material (Silicone , Silicon Carbide, and Gallium nitride ),Wafer Size(Up to 200 mm, and 300 mm )
Power Discrete Segment has the Largest Share of Type in the Europe Power Discrete and Modules Market during 2020–2028
According to a new market research study on “Europe Power Discrete and Modules Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Application, Material, Wafer Size, and Country” is expected to reach US$ 8,886.82 million by 2028 from US$ 5,971.91 million in 2021. The market is estimated to grow at a CAGR of 5.8% from 2021 to 2028. The report provides trends prevailing in the Europe Power Discrete and Modules market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to increase in demand for power electronic modules across various industries and growing requirement for SiC-based power devices are the key factors driving the market growth. However, the market is expected to experience slow growth during the forecast period owing to limited availability of gallium nitride (GaN) material.
In 2020, the impact of COVID-19 differed from nation to nation across the European region. In the region, major countries that were affected by the COVID-19 pandemic are Germany, France, Italy, the United Kingdom, and Russia. Due to the increasing number of recorded cases, some of these nations had to impose stringent and longer lockdown along with social isolation in 2020. The lockdown affected automotive electronics sales along with disruptions across the value chain. But somehow due to the COVID-19 pandemic across the globe, the European power discrete & modules market has been positively affected according to the number of market research survey. However, the unavailability of skilled labour has further affected the market growth across European power electronics sector due to the government regulations across major countries such as Germany, the UK, and France. However, the demand for power electronics across different commercial industries in order to operate remotely while following the government restrictions & operating with limited sources in order to provide their products & services to customers with lesser difficulties.
The market for Europe is segmented into the type, application, material, wafer size and country. Based on Type, the Europe Power Discrete and Modules market is segmented into power discrete and power module. Power discrete are important components in circuits intended to lengthen the battery life in portable electronics. In 2021, the power discrete segment accounted for a larger revenue share during the forecast period. However, the power module segment is estimated to register the highest CAGR during the forecast period.
Infineon Technologies AG, Mitsubishi Electric Corporation, Toshiba Corporation, ON Semiconductor, STMicroelectronics, NXP Semiconductors, Renesas Electronics Corporation, Texas Instruments, ROHM Semiconductors, and Semtech Corporation. Among the leading companies in the Europe Power Discrete and Modules market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for Europe Power Discrete and Modules market is segmented into type, application, material, wafer size. Based on type, the Europe power discrete and modules market is segmented into power discrete, and power module, Based on application, the Europe power discrete and modules market is segmented into industrial, consumer electronics, it & telecom, automotive, and others, Based on material, the Europe power discrete and modules market is segmented into silicone, silicon carbide, and Gallium nitride. Based on wafer size, the Europe power discrete and modules market is segmented into up to 200 mm, and 300 mm. By Geographically, Europe power discrete and modules market is segmented into (France, Germany, Italy, UK, Russia, and Rest of Europe).
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