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(IT-NEWSWIRE.COM, October 03, 2018 ) The global Power Management Integrated Circuits Market generated USD 30.1 billion in 2017 and is anticipated to grow at a CAGR of 7.8% during the forecast period.
Power management ICs are integrated circuits designed to perform various functions related to power requirements of a device such as DC to DC conversion, battery charging, linear regulation, power sequencing and other system power functions. The different types of power management ICs include voltage regulator, motor control ICs, integrated ASSP power management ICs, and battery management ICs among others. Some applications of Power Management Integrated Circuits include consumer electronics, electric vehicles, HVAC, and HVAC, and building security and management among others.
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The demand for power management integrated circuits has increased over the years owing to growing demand for battery operated devices. The increasing applications in the automotive sector, and rising penetration of electric vehicles have increasing the power management integrated circuits market. The increasing need for energy efficiency, supportive government initiatives, and growing awareness regarding use of renewable energy and smart grids supports the growth of the power management integrated circuits market market. Growing demand from emerging economies, along with technological advancement and growing adoption of data centers is expected to provide numerous growth opportunities in the coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Power Management Integrated Circuits Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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Asia-Pacific generated the highest revenue in 2017 in the global power management integrated circuits market, owing to introduction of supportive government regulations and growing awareness regarding environmental pollution. The increasing demand from building and home automation sector, and growing penetration of electric vehicles has accelerated the adoption of power management integrated circuits in the region.
Competitive Landscape and Key Vendors
The global Power Management Integrated Circuits market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the report include Infineon Technologies AG, Dialog Semiconductor PLC, Linear Technology Corporation, STMicroelectronics N.V., Texas Instruments Inc., Maxim Integrated Products, Inc., NXP Semiconductors, Renesas Electronics Corp., ON Semiconductor Corp., and Fairchild Semiconductor International, Inc.
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Key Segments
Type
• Motor Control IC
• Battery Management IC
• Voltage Regulator
• Integrated ASSP Power Management IC
• Others
End-User
• Automotive
• Consumer Electronics
• Industrial
• Building and Automation
• Retail
• Healthcare
• Others
Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East and Africa
About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
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Neel
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