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Current Trends and Future Growth of Power Management Integrated Circuits Market

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Shivani Sharma
Current Trends and Future Growth of Power Management Integrated Circuits Market

The Power Management IC (PMIC) Market is anticipated to reach USD 58.4 billion by 2026, according to a new research published by Polaris Market Research. In 2017, the consumer electronics end-user segment dominated the global power management integrated circuits market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

Browse for full research summary: https://www.polarismarketresearch.com/industry-analysis/power-management-ic-market

 

The increasing demand for battery operated devices and growing penetration of electric vehicles has boosted the adoption of power management integrated circuits. Growing need for energy efficient equipment, depleting fuel resources, and increasing need to reduce energy consumption further supports the growth of power management integrated circuits market. Additionally, the increasing adoption of energy harvesting equipment, and advancements in next generation mobile networks such as 3G, 4G, and 5G would boost market growth during the forecast period. Other factors supporting market growth include supportive government regulations, increasing awareness, and technological advancements. Increasing adoption of data centers, development of Big Data and IoT technologies, and increasing demand for consumer electronics further boosts the market growth.

  

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global power management integrated circuits market throughout the forecast period. The increasing awareness among consumers, and rising environmental concerns drive the market growth in the region. The increasing penetration of electric vehicles, and growing applications in the automotive sector supports the market growth in this segment. The increasing use of Power Management Integrated Circuits in building and home automation, and consumer electronics further supports power management integrated circuits market market growth. The rapid penetration of IoT devices, rising adoption of data centers, advancements in next generation mobile networks such as 3G, 4G, and 5G further fuels the growth of the market.

 

Get sample copy of this report @ https://www.polarismarketresearch.com/industry-analysis/power-management-ic-market/request-for-sample

 

The companies operating in the power management integrated circuits market include Infineon Technologies AG, Dialog Semiconductor PLC, Linear Technology Corporation, STMicroelectronics N.V., Texas Instruments Inc., Maxim Integrated Products, Inc., NXP Semiconductors, Renesas Electronics Corp., ON Semiconductor Corp., and Fairchild Semiconductor International, Inc.. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

  • Power Management Integrated Circuits Market Size and Forecast by Type, 2018-2026
    • Motor Control IC
    • Battery Management IC
    • Voltage Regulator
    • Integrated ASSP Power Management IC
    • Others
  • Power Management Integrated Circuits Market Size and Forecast by End-User, 2018-2026
    • Automotive
    • Consumer Electronics
    • Industrial
    • Building and Automation
    • Retail
    • Healthcare
    • Others
  • Power Management Integrated Circuits Market Size and Forecast by Region, 2018-2026
    • North America
      • US.
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • Rest of Asia-Pacific
    • Latin America
      • Brazil
    • Middle East & Africa

Avail discount on this report @ https://www.polarismarketresearch.com/industry-analysis/power-management-ic-market/request-for-discount-pricing

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

 

Contact us-

Polaris Market Research

Phone: 1-646-568-9980

Email: [email protected] 

Web: www.polarismarketresearch.com

 

 

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