Global Power Management IC Market 2023-2027

Global Power Management IC market 2023-2027
The power management IC market is forecasted to grow by USD 9309.01 mn during 2022-2027, accelerating at a CAGR of 4.97% during the forecast period. The report on the power management IC market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing trend of smart buildings, increasing integration of iot technology with energy management devices, and growing application of power management ics in end-user industries.

Technavio's power management IC market is segmented as below:

By Product TypeVoltage regulatorsMotor control ICIntegrated ASSP power management ICBattery management ICOther power management ICBy End-userAutomotive and transportationConsumer electronicsIndustrialTelecom and networkingOthersBy Geographical LandscapeAPACEuropeNorth AmericaSouth AmericaMiddle East and AfricaThis study identifies the growing recent developments in power management ic industry as one of the prime reasons driving the power management IC market growth during the next few years. Also, increasing demand for energy efficiency and increasing adoption of advanced power conversion techniques will lead to sizable demand in the market.

The report on the power management IC market covers the following areas:Power management IC market sizingPower management IC market forecastPower management IC market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading power management IC market vendors that include ABB Ltd., Allegro MicroSystems Inc., Analog Devices Inc., Infineon Technologies AG, MagnaChip Semiconductor Corp., Microchip Technology Inc., MinebeaMitsumi Inc., Mitsubishi Electric Corp., Monolithic Power Systems Inc., Nordic Semiconductor ASA, NXP Semiconductors NV, ON Semiconductor Corp., Qorvo Inc., Qualcomm Inc., Renesas Electronics Corp., ROHM Co. Ltd., Semtech Corp., STMicroelectronics NV, Texas Instruments Inc., and Vishay Intertechnology Inc.. Also, the power management IC market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.