South Korea Power Discrete Module Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
The South Korea Power Discrete Module Market is experiencing significant growth due to the increasing demand for advanced electronic components in various industries. Power discrete modules are essential for controlling the power in electrical systems, and their applications span across automotive, consumer electronics, industrial automation, and renewable energy sectors. The need for higher efficiency, reduced energy consumption, and improved performance is driving this market's expansion, with several industry players striving to meet the growing requirements.
One of the primary factors contributing to the demand for power discrete modules in South Korea is the country's push towards technological innovation. The automotive sector, in particular, requires these modules to manage power in electric vehicles (EVs) and hybrid vehicles. With the government's emphasis on clean energy and reduced carbon emissions, the demand for EVs is expected to surge, consequently increasing the need for power discrete modules.
Industries such as consumer electronics also play a critical role in driving market growth. As consumers demand more energy-efficient devices like smartphones, laptops, and home appliances, manufacturers are turning to power discrete modules to enhance the performance of their products. These modules enable compact designs while improving energy efficiency, which is a key selling point in a competitive market.
The industrial automation sector in South Korea is another major contributor to the power discrete module market. With factories becoming increasingly automated and smart manufacturing gaining traction, there is a higher demand for reliable power management solutions. Power discrete modules help control motors, drives, and power supplies, ensuring optimal performance and reducing downtime.
Furthermore, the renewable energy sector, especially solar power, is also fueling the market's growth. Power discrete modules are critical in solar power inverters, as they help convert DC power generated by solar panels into usable AC power. With the South Korean government's focus on green energy, this sector is expected to continue expanding, further driving demand for these components.
In summary, the South Korea Power Discrete Module Market is poised for substantial growth due to the increasing demand across multiple industries, driven by technological advancements, energy efficiency needs, and the country's shift towards green energy solutions. As industries continue to adopt innovative technologies, the market for power discrete modules will likely remain a vital part of South Korea’s industrial landscape.
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Infineon Technologies
ON Semiconductor
Mitsubishi Electric Corp
Toshiba
STMicroelectronics
Vishay Intertechnology
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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 South Korea Power Discrete Module Market
Power Electronics
Renewable Energy Systems
Industrial Equipment
Electric Vehicles
Consumer Electronics
Low Voltage
Medium Voltage
High Voltage
Automotive
Energy and Power
Consumer Electronics
Aerospace and Defense
Telecommunications
Silicon-Based Modules
Wide Bandgap (WBG) Power Modules
Integrated Power Modules
Surface Mount Technology (SMT)
Through-Hole Technology
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Power Discrete Module 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. South Korea Power Discrete Module Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Power Discrete Module Market, By Type
6. South Korea Power Discrete Module Market, By Application
7. South Korea Power Discrete Module Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Power Discrete Module Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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