Global Power Semiconductor Market Research Report 2020

Power semiconductors are the core of electrical energy conversion and circuit control in electronic devices, and are mainly used for voltage, frequency, DC and AC conversion functions.

According to IHS data, in 2019, the global power semiconductor market will reach US $40.3 billion, a year-on-year increase of 3.3% compared with 2018.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

Based on our recent survey, we have several different scenarios about the power semiconductor YoY growth rate for 2020. The probable scenario is expected to grow by a -9.1% in 2020 and the revenue will be 36.7 billion in 2020. The market size of power semiconductor will reach US$ 39.6 billion, with a growth of 8.1% from 2020 to 2021.

China's power semiconductor market will reach US$14.48 billion, accounting for 35.9% of the global power semiconductor market, and in 2020 will be US$ 13.8 billion due to the COVID-19 impact.

Power Semiconductor Market Share Comparison: China Vs Global Other

Power IC, IGBT, MOSFET, and diode are the four most widely used power semiconductor products.

According to our research, power ICs accounted for 54% of the global power semiconductor market size in 2017, making them the largest power semiconductor products by market share. MOSFET is mainly used in uninterruptible power supply, switching power supply, inverter audio equipment and other fields. In 2017, the MOSFET market size accounted for 17% of the overall power semiconductor market size; power diodes were mainly used in power supply, adapter, automotive, consumer electronics and other fields. Annual global power diode sales account for about 15% of the total sales of power semiconductors. Due to the wide operating frequency range of IGBTs, which can cover a higher power range, it is suitable for rail transportation, photovoltaic power generation, automotive electronics and other fields. In 2017, IGBT sales accounted for 12%.

Major players of Power Semiconductor Market in 2019

MOSFET

The MOSFET market is dominated by manufacturers such as Infineon and ON Semiconductor. According to IHS statistics, global power MOSFET discrete device sales in 2018 reached US $ 7.58 billion, of which Infineon sales reached US $ 2.1 billion, accounting for 27.7% of global power MOSFET sales. ON Semiconductor, STMicroelectronics, Toshiba Semiconductor, Renesas Electronics has 13.1%, 8.0%, 7.0%, and 7.0% market shares, the top five suppliers occupy 62.8% market shares, and the top ten suppliers account for 81% market shares.

Major players of MOSFET in 2019

IGBT

IGBTs are concentrated in manufacturers such as Infineon, ON Semiconductor, and Mitsubishi Electric. In terms of IGBT, the global discrete IGBT market size reached USD 1.31 billion in 2018, and Infineon accounted for 37.4%. Infineon, ON Semiconductor, Fuji Electric, littelfuse, and STMicroelectronics accounted for 67.8% of the top five manufacturers, and the top ten Manufacturers accounted for 86.1%; global IGBT module sales reached US $ 3.25 billion in 2018.

Major Player of Discrete IGBT in 2019

Major Player of Discrete IGBT Module in 2018

Power Diode

The power diode market is fragmented. At present, the power semiconductor market is relatively fragmented. Vishay is the world's largest supplier of power diodes, accounting for about 10% of the world, and the top five manufacturers account for about 28%. The market concentration of power diodes is much lower than MOSFETs and IGBTs.

Power IC

Power IC is a miniature structure that integrates components such as transistors, diodes, resistors, capacitors, etc. on a semiconductor wafer and has the required circuit functions. Depending on the application scenario, power ICs include AC/DC, DC/DC, power management, and driver ICs.

Table Major manufacturer in China and product analysis..

Market Opportunities and Drivers

Automotive Electrification

The electrification of automobiles has driven the increase in the value of car semiconductors. Compared with traditional fuel vehicles, new energy vehicles have more batteries, motors, motor controllers, DC / DC, air conditioning drives, and chargers. Air-conditioning, charging system, inverter, DC / DC and other core components of electric vehicles are all

Power devices are required to convert the supply voltage and DC to AC. According to Infineon's prediction, the value of semiconductor components for young hybrid vehicles (MHEV) in 2019 will be about $ 531, while plug-in hybrid vehicles (PHEV) and pure electric vehicles (BEV) will be semi-conductive.

The value of body components reached USD 785 and USD 775, respectively, 48% and 46% higher than MHEV.

Major players of New Energy Vehicles

New Energy Power Generation

IGBT modules are the core components of photovoltaic power generation inverters and wind power inverters. New energy power generation drives the continuous growth of power semiconductors. The electric energy generated by solar energy and wind energy does not meet the requirements of the power grid. Photovoltaic inverters / wind power inverters can rectify them into direct current, and then input them to the grid after inverting them to meet the grid requirements.

IGBT is the core component of photovoltaic inverter and wind power inverter. The power group price of a photovoltaic inverter is mainly composed of IGBTs and power diodes. The power components in a wind power inverter are similar to the power components of a photovoltaic inverter. IGBTs in photovoltaic inverters and wind power inverters are mainly 1200V-1700V IGBTs.

Photovoltaic inverter power module structure

Demand for Home Appliances Frequency Conversion

Power semiconductor is the core semiconductor device for frequency conversion technology. Frequency conversion technology uses power semiconductor components such as IGBTs, MOSFETs, and thyristors to convert and control electrical energy to achieve changes in voltage and frequency. The application of frequency conversion technology is mainly concentrated in the fields of home appliances, new energy vehicles, rail transit, etc. Among them, frequency conversion home appliances are the most important application areas. Compared with traditional white appliances, inverter white appliances are more efficient and energy-saving, can achieve precise control, achieve comfort and quietness, and can achieve diversified functions. According to Infineon data, frequency conversion technology can enable appliances to save 60% of energy efficiency.

5G Communication Drives Demand for Power Semiconductors

5G massive MIMO technology drives demand for power semiconductors for single stations. Global mobile communication technology has entered the 5G era. Compared with 4G communication technology, 5G uses technologies such as millimeter wave and massive MIMO to achieve large bandwidth and low latency network transmission.

Industrial Internet Demand

In the industrial field, the field of real power semiconductors is the largest. Power semiconductors are widely used in industry. Industrial equipment such as CNC machine tools, blowers, power generation systems, and rolling mills require power semiconductor devices. On the other hand, due to the gradual disappearance of China's demographic dividend, improving social productivity has become an inevitable choice, and the industry will develop in the direction of automation and networking in the future. According to the Prospective Industry Research Institute, the scale of China's industrial Internet market will reach 608 billion yuan in 2019, and it is expected to reach 1,250 billion yuan in 2024, with a five-year compound growth rate of 15.5%. Power semiconductors are the core components for power control. It is expected that in the future, the demand for industrial Internet will increase. According to ON semiconductor data, compared to manual production, robot production will bring about $ 250 in semiconductor value, which is mainly composed of semiconductor components such as MOSFETs, diodes, and image sensors.

Market Risk

Demand for new energy vehicles, home appliances, and communications fell short of expectations. Power semiconductors, as important devices for power conversion, are widely used in new energy vehicles, variable frequency appliances and communications. If the penetration rate of new energy vehicles is lower than expected, sales of variable frequency appliances such as air conditioners are lower than expected, and 5G communication technology is not promoted as expected. Will affect the demand for power semiconductor devices.

Global Power Semiconductor Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of sales about the global market and also about each type from 2015 to 2026. This section mentions the volume of sales by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Power Semiconductor Market: Segment Analysis

The research report includes specific segments such as application and product type. Each type provides information about the sales during the forecast period of 2015 to 2026. The application segment also provides revenue by volume and sales during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Global Power Semiconductor Market: Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, and Japan alone. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.

Global Power Semiconductor Market: Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.

Following are the segments covered by the report are:

Power Semiconductor Device

Power Module

Power Integrated Circuits

By type, power integrated circuits is the most commonly used type, with about 53.68% market share in 2018.

By Application:

Industrial

Automobile

Communication

Consumer Electronics

Power semiconductor is widely used in many areas, which applied most in industrial with about 35% market share in 2018.

Key Players:

The Key manufacturers that are operating in the global Power Semiconductor market are:

Infineon

Texas Instruments

ON Semiconductor

STMicroelectronics

Mitsubishi Electric Corporation

Toshiba

Vishay Intertechnology

Fuji Electric

Nexperia

Littelfuse

Renesas Electronics

Semekron

Competitive Landscape

The analysts have provided a comprehensive analysis of the competitive landscape of the global Power Semiconductor market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.