POWER TRANSISTORS AND THYRISTORS DEVICES MARKET ANALYSIS
Power Transistors and Thyristors Devices Market: Regional Insight
On the basis of region, power transistors and thyristors devices market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific is expected to be dominant region in the global market and is expected to remain dominant over the forecast period. This is owing to high presence of key players including Toshiba Corporation, Fuji Electric Co., Ltd, Renesas Electronics Corporation, ROHM CO., LTD., Sanken Electric Co. Ltd., Mitsubishi Electric Corporation, Changzhou Galaxy Semiconductor Co.Ltd., and others, in the region.
According to Coherent Market Insights’ analysis, China is the world largest semiconductor consumption market with 47% of total consumption in year 2018 and this is expected to grow further in the forecast period. This is owing commercialization of Internet of Things (IoT) and introduction of 5G. Furthermore, India is also expected to exhibit high growth owing to it being a growing market for electronics. For instance, according to a report published by India Brand Equity Foundation (IBEF), in April 2018, Indian electronics market is expected to grow at 41% CAGR between 2017 to 2020 to reach US$ 400 billion in 2020. Such factors are expected to aid in growth of the Asia Pacific power transistors and thyristors devices market over the forecast period.
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