To control this problem, most end users prefer to use eco-friendly electronic and semiconductor components such as transistors, diodes and triodes in their end product. Along with technological advancement, environmental concerns such as pollution and E-waste are also increasing. The use of advanced technology in the electronics and semiconductor industry is continuously growing. Increasing Environment Concerns in the Electronic and Semiconductor Industry is Driving The Market Growth Owing to these several benefits, the demand for the transistor is increasing during the estimated period. ![]() Also, these transistors reduce carbon dioxide emissions and the energy cost used by the connected device. Power transistors help connect the device dissipate heat and prevent it from overheating. For instance, in November 2022, a report published by “Automation Anyware” showed that 83% of organizations around the globe had improved their productivity by implementing the internet of things and connected devices in their organization. Also, the adoption of emerging technologies such as the internet of things and industrial automation are attracting end users to implement connected devices in their daily activities. ![]() Over the last two decades, the importance of automation in the regular operation of various businesses has been proliferating. Increasing Use Of Transistor In Connected Devices is Driving The Market Growth Request a Free sample to learn more about this report. Furthermore, Field Effect Transistor (FET) is the major component in the detection process for the protein spikes of the COVID-19 virus, increased the demand for transistors in the global market. For instance, in December 2021, the government of India allocated USD 10 billion for developing the semiconductor industry. Therefore, government authorities and key market players had prepared strategies to control the COVID-19 crisis. However, the impact of COVID-19 has significantly changed customer behaviour and business perspective. The sudden closing of production units disrupted the supply chain of electronics and semiconductor material, which slightly declined the demand for transistors, diodes, and triodes. This factor has led to the shutdown of semiconductor & electronics manufacturing units. To prevent and limit the spread of the COVID-19 virus, government authority of various countries have globally imposed lockdown and movement restrictions. The exponential spread of the COVID-19 pandemic in 2020 has incredibly impacted the regular lifestyle of industry vertical and consumers. COVID-19 IMPACTĭemand for Transistors Increased as They Assisted in the Detection of Virus Moreover, the increasing use of connected devices such as a modem, routers, amplifiers, smartphones, and wearables in the world is propelling the power transistor market growth for power transistors globally. For instance, as per a report published by the Semiconductor Digest in October 2022, the average selling price of power transistors is increased by 11% in 2022 due to increasing product shipments, which is positively impacting on market share. In the last few decades, these transistors are increasingly becoming popular throughout the globe, owing to their ability to increase electronic device switching and power efficiency. ![]() These solutions are available in a variety of switching speeds and power characteristics. Power transistors may have positive-negative-positive (PNP) or negative-positive-negative (NPN) polarity. Power transistors can handle more power and load than other tiny transistors. It is suitable when appliances use a large amount of current and voltage. Power transistors are the three terminal semiconductor devices which include the collector, base, and emitter, which amplify and switch the electrical signal in the power suppliers and power amplifiers. The global power transistor market size was valued at USD 13.56 billion in 2022 and is projected to grow from USD 13.76 billion in 2023 to USD 26.83 billion by 2030, exhibiting a CAGR of 10.0% during the forecast period.
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