(EMAILWIRE.COM, November 23, 2018 ) According to the new market research Power Management IC (PMIC) Market, [By Type (Motor Control IC, Battery Management IC, Voltage Regulator, Integrated ASSP Power Management IC, Others); By End-User (Automotive, Consumer Electronics, Industrial, Building and Automation, Retail, Healthcare, Others); By Region]: Market Size & Forecast, 2018 2026″, The Power Management IC (PMIC) market is expected to reach USD 58.4 billion by 2026 from USD 30.1 billion in 2017, at a CAGR of 7.8%.
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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Major Key Player In Global Power Management IC (PMIC) Market: –
Texas Instruments Inc., Dialog Semiconductor PLC, NXP Semiconductors, Linear Technology Corporation, Infineon Technologies AG, STMicroelectronics N.V., Maxim Integrated Products, Inc., Renesas Electronics Corp., ON Semiconductor Corp., and Fairchild Semiconductor International, Inc.
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.
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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.
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.
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Competitive Landscape
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.
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