Power management IC market to increase at a CAGR of 6.7%

Press Release   •   Oct 18, 2012 09:58 BST

Sales within the global power management IC market are expected to total $16.4billion in 2012, and the market had been predicted to increase at a compound annual growth rate (CAGR) of 6.7% through to 2016 to be worth a market value of $22.7 billion.

Aside from the ceaseless growth of the mobile devices industry, power management integrated circuit (IC) manufacturers can thank environmentally friendly policies for a promising financial outlook.

Soon after the Japanese quake at the tail end of the first quarter 2011, power management suffered a deceleration as manufacturing was halted in several areas of the country, home to many semiconductor plants and operations. However, since then the market has seen a remarkable recovery.

Demand for power management IC devices essential to electrical grids and power plants, such as regulators and comparators, will grow as governments around the world boost support for renewable energy generation.

Solar photovoltaic (PV) power, for example, is a rapid growth market, recording a CAGR of 43% over the last three years.

Furthermore, the industry is set to benefit from the rise of hybrid electric vehicles (HEV), too. HEVs employ power management semiconductors to meet specific automotive requirements such as switching frequency and short-circuit current rating.

HEVs are equipped with a higher number of electronic components when compared to other vehicles and therefore require more power management semiconductors in engine management systems in order to control the motor/generator units.

For more information on the power management IC market, see the latest research: Power Managment IC Market

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