Power Discrete and Module Market Report 2026

The power discrete and module market size has grown strongly in recent years. It will grow from $30.49 billion in 2025 to $32.55 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growth of industrial power electronics, increasing adoption of power semiconductors in consumer electronics, expansion of telecom infrastructure, rising demand for efficient power conversion, growth of renewable energy installations.

The power discrete and module market size is expected to see strong growth in the next few years. It will grow to $41.45 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rapid electrification of vehicles, increasing deployment of renewable power systems, rising demand for fast charging infrastructure, advancement in wide bandgap semiconductor technologies, increasing investments in smart grid infrastructure. Major trends in the forecast period include rising adoption of silicon carbide and gallium nitride power devices, growing demand for high efficiency power modules in ev platforms, increasing integration of power modules in industrial automation systems, expansion of compact and high power density discrete components, growing focus on thermal management and reliability enhancement.

The increasing demand for electric vehicles is poised to drive the growth of the power discrete and module market in the foreseeable future. Electric vehicles (EVs) are vehicles powered either entirely or partially by electricity, as opposed to solely relying on internal combustion engines (ICEs) fueled by fossil fuels. The surge in demand for electric vehicles is driven by mounting environmental concerns, a focus on energy efficiency, and government initiatives aimed at reducing greenhouse gas emissions. Power discrete components and modules play a crucial role in advancing electric vehicle technology, providing essential power management and control for efficient and reliable operation. For example, in 2024, as reported by the International Energy Agency, electric car sales in 2023 exceeded those in 2022 by 3.5 million units, marking a 35% year-on-year increase. Hence, the growing demand for electric vehicles fuels the power discrete and module market.

Key players in the power discrete and module market are focusing on developing innovative products, such as dual-phase power modules, to address the escalating demand for energy-efficient and high-performance solutions across various industries. Dual-phase power modules are specialized electronic components utilized in power management systems to deliver efficient and reliable power. These modules integrate multiple power components, including transistors, diodes, and control circuitry, into a single package. For instance, in February 2024, Infineon Technologies, a Germany-based semiconductor company, introduced its TDM2254xD series dual-phase power modules engineered to enhance power supply efficiency for AI operations in data centers. This technology incorporates OptiMOS MOSFETs and features a novel packaging design and proprietary magnetic structure facilitating efficient heat transfer from the power stage to the heat sink through an optimized inductor design.

In February 2023, Micross, a US-based semiconductor company, acquired the high-reliability DC-DC converter business from Infineon Technologies AG for an undisclosed sum. This acquisition expands Micross' portfolio of power management solutions and adds significant intellectual property to its offerings. Infineon Technologies AG, based in Germany, specializes in manufacturing power discrete modules.

Major companies operating in the power discrete and module market are Mitsubishi Electric Corporation, Toshiba Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, Microchip Technology Inc., Fuji Electric Co. Ltd., ROHM Semiconductor, Vishay Intertechnology Inc., Littelfuse Inc., Diodes Incorporated, Alpha & Omega Semiconductor Limited, MACOM Technology Solutions Holdings Inc, Power Integrations Inc., Advanced Power Electronics Corp (APEC), Dynex Semiconductor Ltd., GaN Systems Inc., GeneSiC Semiconductor Inc., Semikron International GmbH, Microsemi Corporation, IXYS Corporation.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the power discrete and modules market by increasing the cost of imported wafers, semiconductor materials, and advanced manufacturing equipment. These effects are most visible in automotive, industrial, and renewable energy segments across asia pacific, north america, and europe. Elevated duties have influenced module pricing and supply chain strategies. However, tariffs have also accelerated localization of semiconductor manufacturing and encouraged investments in domestic power device production capabilities.

The power discrete and module market research report is one of a series of new reports that provides power discrete and module market statistics, including power discrete and module industry global market size, regional shares, competitors with a power discrete and module market share, detailed power discrete and module market segments, market trends and opportunities, and any further data you may need to thrive in the power discrete and module industry. This power discrete and module market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Power discrete and modules are crucial components in power management and control applications, enabling the precise handling of high-power levels. They are essential for ensuring efficient power management and control, thereby enhancing the functionality and performance of a wide range of electronic and electrical systems.

There are two primary types of power discrete and modules power discrete and power module. Power discrete devices are individual semiconductor components designed to manage electrical power within electronic circuits. These components encompass various elements, including thyristors, diodes, rectifiers, MOSFETs, and IGBTs, made from materials such as silicon carbide (SiC), gallium nitride (GaN), and silicon (Si). They find applications across diverse industry sectors such as telecommunications, industrial, automotive, renewable energy, consumer electronics, enterprise solutions, military and defense, aerospace, and medical fields.North America was the largest region in the power discrete and module market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power discrete and module market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the power discrete and module market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The power discrete and modules market consists of sales of transistors, inventor modules, and power-integrated modules. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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