Europe Power Semiconductor Market was valued at USD 18.1 Billion in 2022 and is projected to reach USD 28.0 Billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030.
The European power semiconductor market is experiencing substantial growth due to rising demand across various industries, including automotive, consumer electronics, and industrial sectors. Power semiconductors are crucial in enabling efficient energy conversion and transmission, making them an essential component in modern electronic devices and systems. The market's expansion is driven by the increasing need for energy-efficient solutions, which has prompted industries to invest in advanced semiconductor technologies. In particular, the automotive sector is witnessing a surge in demand for power semiconductors, driven by the adoption of electric vehicles (EVs) and the growing trend of electrification in transportation. As a result, power semiconductor components such as diodes, transistors, and thyristors have gained significant importance in managing power flow and enhancing system performance.
The demand for power semiconductors is further propelled by the trend of renewable energy adoption and the global push for sustainability. Solar inverters, wind turbines, and energy storage systems all rely on power semiconductors to convert, control, and regulate electrical energy. Moreover, power semiconductor devices are integral to the development of energy-efficient grid systems, supporting the European Union's goal of reducing carbon emissions and improving energy efficiency. Industries such as industrial automation and consumer electronics are also tapping into the potential of power semiconductors, fueling their market growth. Power semiconductor companies are innovating to meet the increasing requirements for higher power densities, faster switching speeds, and enhanced thermal management in these applications.
The growth of the European power semiconductor market can also be attributed to the increasing focus on digital transformation and industrial digitization. As industries seek to enhance operational efficiency and reduce energy consumption, the demand for power semiconductors that can support smart grids, electric vehicles, and energy-efficient solutions is expected to continue to rise. The use of power semiconductors in sectors like telecommunications is also gaining traction, as advanced technologies like 5G networks demand efficient power management systems.
As the European power semiconductor market evolves, industries are actively seeking innovative solutions that can meet their stringent energy, performance, and sustainability requirements. The integration of power semiconductors into key sectors, including automotive, industrial automation, and renewable energy, is expected to continue driving market growth in the coming years, making it a key area of focus for industries across Europe.
Get an In-Depth Research Analysis of the Europe Power Semiconductor Market Size And Forecast [2025-2032]
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Cree Inc
International Quantum Epitaxy Plc.
Freescale Semiconductor Inc
LM Ericsson Telefon AB
Taiwan Semiconductor Manufacturing Company Ltd.
Renesas Electronics Corporation
Texas Instruments
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STMicroelectronics NV
Infineon Technologies AG
Toshiba Corporation
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Power Semiconductor Market
Diodes
Transistors
Thyristors
Power Modules
Optical Isolators
Consumer Electronics
Automotive
Industrial Automation
Renewable Energy
Telecommunications
Silicon (Si)
Silicon Carbide (SiC)
Gallium Nitride (GaN)
Gallium Arsenide (GaAs)
Low Voltage (Up to 1 kV)
Medium Voltage (1 kV to 10 kV)
High Voltage (Above 10 kV)
Energy and Power
Aerospace and Defense
Medical Devices
PCB Manufacturing
Building and Construction
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Power Semiconductor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Power Semiconductor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Power Semiconductor Market, By Type
6. Europe Power Semiconductor Market, By Application
7. Europe Power Semiconductor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Power Semiconductor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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