Global Power Management IC Market, By Voltage Regulators (Linear Voltage Regulators and Switching Voltage Regulators), Power Management Units (Battery Management and Power Distribution Units) - Industry Trends and Forecast to 2031.
Power Management IC Market Analysis and Size
The growing demand for battery-powered consumer devices across the globe is one of the key factors driving the market's growth. Furthermore, the growth of the telecommunication sector and various technological advancements in wireless technology and peripheral devices are other major growth-inducing factors. The market is also being driven by the growing environmental consciousness leading to the construction of cities with smart grid systems as their integral part. In addition, rising automation in the automotive industry is contributing significantly to market growth.
The global power management IC market was valued at USD 35.11 billion in 2023 and is expected to reach USD 62.01 billion by 2031, registering a CAGR of 6.8% during the forecast period of 2024-2031. The services segment is expected to dominate the market over the forecast period. Linear voltage regulators are expected to dominate the market as they maintain a constant output voltage irrespective of changes in input voltage or load current, commonly used in low-power applications. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024-2031 (Customizable to 2016-2021)
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Base Year
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2022
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Historic Years
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2021
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Voltage regulators (Linear Voltage Regulators and Switching Voltage Regulators), Power Management Units (Battery Management and Power Distribution Units
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of Middle East and Africa
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Market Players Covered
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Texas Instruments Inc. (U.S.), Analog Devices, Inc. (U.S.), Infineon Technologies AG (Germany), STMicroelectronics NV (Switzerland)
NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corporation (Japan), On Semiconductor Corporation (U.S.), ROHM Co., Ltd. (Japan)
Power Integrations, Inc. (U.S.), Dialog Semiconductor plc (U.K.), Toshiba Electronic Devices & Storage Corporation (Japan), and Microchip Technology Inc. (U.S.)
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Market Opportunities
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Market Definition
A power management integrated circuit (PMIC) refers to an array of combined microchips used to manage energy flow between transistors and capacitors in electronic devices. PMIC is commonly utilized in battery-operated electronics, including smartphones, portable media players, wearable devices and healthcare equipment. It performs various operating functions, such as power and battery management, system control, voltage regulation, audio and interface functions, and other application-specific tasks. Owing to this, PMIC finds extensive applications across electronics, automotive, computing devices, communication, and healthcare industries.
Power Management IC Market Dynamics
Drivers
- Spread of Battery-Powered and Portable Electronics
Power management integrated circuits are in high demand due to the growing market for portable electronics, including smartphones, tablets, smartwatches, and Internet of Things devices. Advanced power management integrated circuits are becoming more popular and as a result of these, these devices’ need effective power management solutions to extend battery life and guarantee peak performance.
- Growing Demand for IoT (Internet of Things) Devices
The need for power management integrated circuits (ICs) is being driven by the widespread use of IoT devices in a variety of industries, including the smart home, industrial automation, healthcare, and automotive sectors. To provide long-term operation and communication, these devices batteries need effective power management systems.
Opportunities
- Growing Adoption of Renewable Energy
The demand for power management integrated circuits (ICs) used in energy harvesting and power conversion applications which is being driven by the growing adoption of renewable energy sources. These integrated circuits (ICs) are essential for effectively regulating and transforming renewable energy sources into electrical power suitable for a range of uses, hence propelling market expansion.
- Growing Priority in Data Centers for Power Conservation
Data center operations are increasingly focusing on power conservation and efficiency due to the increased need for data processing and storage. Hence theoptimization of power utilization, enhancement of energy efficiency, and reduction of operational expenses in data center infrastructure are some of the primary opportunities of market growth for power management integrated circuits.
Restraints/Challenges
- High Software Expenses
The licensing, implementation, customization, and training expenses associated with design and production software are frequently quite high. Hence the higher investment in the software is hindering the market growth to an extent.
- Complexity and Learning Curve
Specialized skills are needed to efficiently use design and production tools, which can be complex. It needs lot of training for designers and production teams to become proficient with the features and functionalities of the software, which would slow down output and increase the expense of training initiatives. This factor is further imposing a major challenge for the market to grow.
The market report provides details of new recent developments, trade regulations, import-export analysis, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the business intelligence market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Power Management IC Market Scope
The market is segmented on the basis of voltage regulators and power management units. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Voltage Regulators
- Linear voltage regulators
- Switching voltage regulators
Power Management Units
- Battery management
- Power distribution units
Power Management IC Market Region Analysis/Insights
The market is segmented on the basis of voltage regulators and power management units.
The countries covered in the report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of Middle East and Africa.
Asia Pacific is expected to dominate the market and is expected to hold the largest share in power management IC market owing to the increasing demand for construction vehicles due to developments in the infrastructure sector. Moreover, rising disposable income in Asia-Pacific has fuelled demand for automobiles, which is expected to drive demand for power management IC.
Growing Priority in Data Centers for Power Conservation
The market also provides you with a detailed market analysis for every region’s growth for capital equipment, installed base of different kinds of products for the market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2010-2020.
Competitive Landscape and Power Management IC Market Share Analysis
The market is segmented on the basis of voltage regulators and power management units. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market
some of the major players operating in the market are
- Texas Instruments Inc. (U.S.)
- Analog Devices, Inc. (U.S.)
- Infineon Technologies AG (Germany)
- STMicroelectronics NV (Switzerland)
- NXP Semiconductors N.V. (Netherlands)
- Renesas Electronics Corporation (Japan)
- On Semiconductor Corporation (U.S.)
- ROHM Co., Ltd. (Japan)
- Power Integrations, Inc. (U.S.)
- Dialog Semiconductor plc (U.K.)
- Toshiba Electronic Devices & Storage Corporation (Japan)
- Microchip Technology Inc. (U.S.)
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