Power Discrete Segment has the Largest Share of Type in the North America Power Discrete and Modules Market during 2020–2028 

According to a new market research study on “North America 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$ 7,368.53 million by 2028 from US$ 5,095.06 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the North America 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.

During the COVID-19 pandemic, the North American countries have faced so many challenges during their day-to-day operations due to the restrictions imposed by respective governments. The demand for more electronic components increased as several companies started operating remotely. Therefore, in order to operate under automated environment, more deployment of electronic systems and power electronics have been witnessed during the FY 2020. This has driven the demand for power discrete & modules across the countries such as the United States, Canada, and Mexico.

The market for North America is segmented into the type, application, material, wafer size and country. Based on Type, the North America 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 North America 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 North America Power Discrete and Modules market is segmented into type, application, material, wafer size. Based on type, the North America power discrete and modules market is segmented into power discrete, and power module, Based on application, the North America power discrete and modules market is segmented into industrial, consumer electronics, it & telecom, automotive, and others, Based on material, the North America power discrete and modules market is segmented into silicone, silicon carbide, and Gallium nitride. Based on wafer size, the Asia pacific power discrete and modules market is segmented into up to 200 mm, and 300 mm. By region, North America power discrete and modules market is segmented into (US, Canada, and Mexico).

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