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The global power transistors market is expected to exhibit moderate growth during 2021-2026. Power transistors are electronic components that are used as switches or amplifiers for high-power applications. They comprise three semiconductor terminals, known as base, emitter and collector, which aid the transistor in acting as an insulator or a conductor. These semiconductor terminals can either be of NPN or PNP polarity and are available in different power and switching speed ratings. Nowadays, power transistors are gaining rapid traction across the world as they assist in improving the switching efficiency and increasing the power efficacy of electronic products.
Power transistors help in quickly dissipating heat, which aids in avoiding overheating as well as lowering CO2 emissions and electricity costs. Owing to these benefits, they form a primary component of various electronic products. Moreover, on account of the growing global population and increasing consumption of fossil fuels, there has been a rising demand for power-efficient electronic devices. Apart from this, manufacturers are investing in various research and development activities to improve the performance parameters of power transistors and launching new semiconductor materials besides silicon and germanium. For instance, the emerging demand for silicon carbide (SiC) and gallium nitride (GaN) transistors is anticipated to catalyze the market growth in the upcoming years. Another major market trend is miniaturization in product design using the latest processes, such as technology computer aided design (TCAD) and device simulations, which have enabled manufacturers in designing miniature and highly efficient power transistors. Looking forward, IMARC Group expects the global power transistors market to grow at a CAGR of around 6% during the forecast period (2021-2026).
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The competitive landscape of the industry has also been examined with some of the key players being Champion Microelectronic Corporation, Diodes Incorporated, Infineon Technologies AG, Linear Integrated Systems, Mitsubishi Electric, NXP Semiconductors N.V., On Semiconductor Corporation, Renesas Electronics, Semikron, STMicroelectronics, Texas Instruments, Torex Semiconductor, Toshiba Corporation, Vishay Intertechnology Inc., etc.
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