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Power semiconductor market to grow double digits in 2013

Posted: 23 Dec 2011     Print Version  Bookmark and Share

Keywords:power  semiconductors  market report 

The global market for power semiconductors will amount to Rs.1.63 lakh crore ($32 billion) in 2012 according to IMS Research. "This small growth of 5 per cent compared to 37 per cent growth in 2010, is due to economic uncertainties worldwide and excess inventory in the supply chain being used up." However, the market is expected to grow in the double-digits in 2013.

The market watcher's 'Power Management Quarterly Market Watch' reports that the market for power semiconductors such as power discretes, modules and ICs grew by just 3.7 per cent in 2011, following its strong recovery in 2010. Inventory corrections and major economic uncertainties surrounding the Euro-zone crisis resulted in declines in 3Q 11 and 4Q11.

Ash Sharma, senior research director, IMS Research, explained, "The effects of the economic uncertainty and reduced spending by consumers and businesses on the power semiconductor market are predicted to continue long in 2012 and industry revenues in H1 12 will be flat year-on-year. However, the outlook varies considerably for each product and sector and some areas of the power component market will still enjoy double-digit growth."

The power IC market grew almost 3 per cent lower than the power discrete market in 2011, a trend that is expected to reverse in 2012. The power module market continued to outperform both power discretes and power ICs, showing sustained high double-digit growth in 2011, which is projected to remain in for the next four years, driven by demand for IGBT modules.

Ryan Sanderson, senior analyst and report co-author noted that "Strong demand for smartphones is projected to continue throughout 2012, despite a slowdown in 4Q11, driving the market for power ICs, in particular battery management ICs. Smartphone charger demand is also forecast to help drive growth of the AC/DC regulator market, switching controllers and MOSFETs. Automotive demand remained strong throughout 2011 and the increasing content of electronics within vehicles is projected to drive growth in all power semiconductor markets."

For more statistics and forecasts, click here.

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