According to the recent study the power semiconductors in the global renewable energy market is projected to grow at a CAGR of 8%-10% from 2022 to 2027. Growth in this market is primarily driven by the favorable initiatives of governments and an upsurge in demand for energy owing to increasing investment in the renewable energy sector.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in power semiconductors in the global renewable energy market by device type (SiC discrete, SiC power module, GaN discrete, GaN power module, IGBT module, IGBT discrete, SJ MOSFET, and LV MOSFET), application (storage and transmission), energy source (solar energy, wind energy, and other renewables), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Transmission market is expected to remain the highest growing segment during the forecast period.”

Based on application, the power semiconductor in the global renewable energy market is segmented into storage and transmission. Lucintel forecasts that the transmission market is expected to remain the highest growth over the forecast period due to the growing demand for high voltage DC current infrastructure.

“Asia pacific will dominate the power semiconductors in the global renewable energy market in near future”

Asia Pacific is expected to be the highest CAGR during the forecast period due to environmental concerns regarding fossil fuels, rapid urbanization, technological development, and rising investment in renewable energy projects in developing economies, such as India, China, and Japan.

Download Brochure of this report by clicking on https://www.lucintel.com/power-semiconductors-in-renewable-energy-market.aspx

Major players of power semiconductors in the global renewable energy market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market.  Infineon Technologies, Texas Instrument, STMicroelectronics, NXP semiconductors, ON Semiconductor, Renesas Electronics, Toshiba, ABB , GaN Systems, Littelfuse, Maxim Integrated, Microchip, and ROHM are among the major power semiconductors in the global renewable energy providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/power-semiconductors-in-renewable-energy-market.aspx  or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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