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Power Semiconductor Market is expected to generate a revenue of USD 43.03 Billion by 2031, Globally, at 2.37% CAGR: Verified Market Research®

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Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, ” Power Semiconductor Market Size and Forecast,”. This report presents a comprehensive analysis of the power semiconductor market, revealing crucial trends and data-driven insights set to impact industry stakeholders, manufacturers, and technology innovators.

LEWES, Del., Nov. 26, 2024 /PRNewswire/ — The Global Power Semiconductor Market Size is projected to grow at a CAGR of 2.37% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 35.68 Billion in 2024 and is expected to reach USD 43.03 Billion by the end of the forecast period.

The power semiconductor market is poised for significant expansion, fueled by the rapid transition to electrification, advancements in energy-efficient technologies, and rising demand in electric vehicles, industrial automation, and renewable energy systems. Our report delves into the latest market dynamics, highlighting emerging opportunities and challenges that companies need to navigate for a competitive edge.

Key Highlights of the Report:

Market Size & Growth Projections: Detailed analysis of current market valuation and future growth prospects with in-depth insights into revenue trends across key regions, including North America, Europe, Asia-Pacific, and the rest of the world.

Technological Trends & Innovations: Exploration of cutting-edge innovations in Wide Bandgap (WBG) semiconductors such as Silicon Carbide (SiC) and Gallium Nitride (GaN), reshaping power electronics and efficiency standards.

Industry Segmentation & Key Players: Strategic segmentation analysis across device types, including Power Integrated Circuits (ICs), Power Modules, Discrete Semiconductors, and their applications in automotive, consumer electronics, energy, and industrial sectors.

Competitive Landscape: Comprehensive profiles of market leaders and rising players, assessing their product portfolios, R&D strategies, and key collaborations impacting the market landscape.

Regulatory & Policy Analysis: Insights into global regulatory frameworks, compliance requirements, and their implications for industry growth.

Why This Report Matters to Industry Leaders?

This report is essential for senior executives, product managers, R&D specialists, supply chain leaders, and decision-makers in the power electronics and semiconductor sectors. Whether you’re an established industry player, a new entrant, or a technology provider looking to align with market trends, this report provides the strategic insights necessary for informed decision-making.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=38036

Browse in-depth TOC on “Global Power Semiconductor Market Size

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2031

GROWTH RATE

CAGR of ~2.37% from 2024 to 2031

BASE YEAR FOR VALUATION

2024

HISTORICAL PERIOD

2021-2023

FORECAST PERIOD

2024-2031

QUANTITATIVE UNITS

Value (USD Billion)

REPORT COVERAGE

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

SEGMENTS COVERED

By Material TypeBy Application

 

REGIONS COVERED

North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa

 

KEY PLAYERS

Broadcom Limited, Toshiba Corporation, Mitsubishi Electric Corporation, Renesas Electronic Corporation, Qualcomm Inc., NXP Semiconductor, Infineon Technologies AG, Texas Instruments Inc., ST Microelectronics, and Fairchild Semiconductor.

CUSTOMIZATION

Report customization along with purchase available upon request

 

Global Power Semiconductor Market Overview

Surge in Electric Vehicle (EV) Adoption Boosting Demand: The Power Semiconductor Market is experiencing significant expansion driven by the increasing global demand for electric vehicles (EVs). As automotive manufacturers expedite electric vehicle production to fulfill environmental objectives and market demands, the necessity for effective power management solutions is paramount. Power semiconductors are essential in electric vehicles, facilitating optimal battery performance, rapid charging, and enhanced energy efficiency—crucial elements contributing to substantial revenue development in this sector.

Expansion of Renewable Energy Infrastructure: The global proliferation of renewable energy initiatives significantly propels the Power Semiconductor Market. Governments and corporations are making substantial investments in solar, wind, and energy storage systems, resulting in heightened demand for power semiconductor devices such as inverters and converters. These components are crucial for optimizing energy conversion efficiency, minimizing power loss, and adhering to rigorous energy efficiency regulations, hence driving significant market expansion.

Rising Demand for Industrial Automation: The transition of the industrial sector towards automation and intelligent manufacturing is enhancing the Power Semiconductor Market. Advanced equipment and robotic systems rely on power semiconductors for precise power management and energy optimization. With companies seeking for increased operational efficiency and lower downtime, power semiconductors offer faster and more dependable processes. This trend directly influences market growth as industries persist in modernization.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=38036

High Initial Costs of Advanced Technologies: The Power Semiconductor Market presents various benefits; nevertheless, the substantial initial investment required for advanced semiconductor materials such as Silicon Carbide (SiC) and Gallium Nitride (GaN) constitutes a limitation. These materials, though more efficient, are much more expensive than standard silicon, which can inhibit use, particularly among smaller manufacturers. This cost problem may restrict market expansion, particularly in price-sensitive areas or sectors with constrained budgets.

Supply Chain Disruptions and Semiconductor Shortages: The weaknesses in global supply chains and shortages of semiconductors provide problems for the Power Semiconductor Market. The sector relies greatly on a consistent supply of raw materials and components, and recent disruptions have contributed to production delays and extended lead times. Supply chain disruptions can impede market growth, impacting manufacturers’ capacity to satisfy increasing demand in industries such as automotive and renewable energy, hence decelerating overall market expansion.

Complexity in Manufacturing and Technical Limitations: The intricacy of producing next-generation power semiconductors can provide a substantial obstacle. Maintaining efficiency, dependability, and heat tolerance necessitates high precision, complicating production and increasing costs. Moreover, specific technical constraints—such as thermal dissipation and power loss at elevated voltages—present persistent hurdles. These factors can impede the rate of innovation and influence the overall growth trajectory of the Power Semiconductor Market.

Geographical Dominance

The Asia-Pacific region dominates the Power Semiconductor Market because to its robust manufacturing base, expanding automotive sector, and swift industrialization. Countries like China, Japan, and South Korea are dominating in semiconductor production and innovation, attracting substantial investments. This regional supremacy enhances global supply capacities, lowers manufacturing expenses, and promotes technological progress, so benefiting overall market expansion and competitiveness.

Key Players

The “Global Power Semiconductor Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are Broadcom Limited, Toshiba Corporation, Mitsubishi Electric Corporation, Renesas Electronic Corporation, Qualcomm Inc., NXP Semiconductor, Infineon Technologies AG, Texas Instruments Inc., ST Microelectronics, and Fairchild Semiconductor.

Based on the research, Verified Market Research has segmented the global Power Semiconductor Market into Material Type, Application, and Geography.

Power Semiconductor Market, by Material Type:Gallium Nitride (Gann)Silicon Carbide (Sic)Silicon/GermaniumPower Semiconductor Market, by Application:Consumer DevicesTelecommunicationAerospace & DefenseAutomotiveCATV & Wired BroadbandPower Semiconductor Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

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Visualize Power Semiconductor Market using Verified Market Intelligence -:

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VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

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With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

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Portland Public Library Delivers Almost 50% Increase In User Engagement with New Web Redesign

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MIAMI, April 21, 2026 /PRNewswire/ — Digital Silk, an award-winning agency focused on creating brand strategies, custom websites, and digital marketing campaigns, announces the launch of a redesigned website for Portland Public Library, a public institution serving the education, community services, and nonprofit sector. The project focuses on improving user experience, content discoverability, and engagement while introducing a scalable CMS to support ongoing updates. The new platform is now live at https://www.portlandlibrary.org/.

The redesigned website reflects a strategic effort to better serve a diverse audience by improving navigation, enhancing accessibility, and creating clearer pathways to programs, events, and resources.

Improving Engagement Through User-Centric Design

Portland Public Library required a modern digital platform to address challenges related to fragmented navigation, limited engagement pathways, and difficulty in accessing content. The previous website structure made it harder for users to find relevant information efficiently.

Digital Silk addressed these challenges through a full website redesign supported by user-centric information architecture and optimized user journeys. The updated experience prioritizes clarity, accessibility, and ease of navigation across a wide range of services and resources.

“Organizations like public libraries are increasingly relying on their digital platforms to serve as primary engagement hubs, making usability and content clarity more important than ever,” said Ana Margarida Meira, VP, Client Partner.

Measurable Improvements in User Engagement

Following the launch, Portland Public Library recorded measurable improvements in engagement metrics when comparing Feb 17 to Mar 23, 2026, against the previous period.

Key outcomes include:

+47.82% increase in average engagement time per active user+4.5% increase in engaged sessions per active user+18.38% increase in average engagement time per session

These improvements may indicate stronger interaction with site content and increased user engagement across programs and services.

Key Deliverables Supporting Accessibility and Scalability

The project combined design, UX strategy, and technical development to support both immediate engagement improvements and long-term flexibility.

Core deliverables included:

Full website redesign and developmentUser-centric information architectureEngagement-focused UX design and user journey optimizationInclusive design enhancementsScalable CMS with modular content componentsPerformance optimization and QA testing

The implementation enables the library’s internal team to manage content more efficiently while supporting dynamic updates for seasonal programming and community initiatives.

Supporting a Shift Toward Inclusive Digital Experiences

The project reflects a broader trend among public institutions and content-heavy organizations to prioritize inclusive design, improved content discoverability, and scalable content management systems. Increasingly, organizations are focusing on engagement metrics as a measure of digital effectiveness.

“A well-structured, user-centric website can significantly increase engagement by making it easier for diverse audiences to find, explore, and interact with valuable resources and services,” said Ana Margarida Meira, VP, Client Partner.

Building a Foundation for Ongoing Community Engagement

The redesigned platform provides Portland Public Library with a flexible and scalable foundation to support future growth. By improving accessibility and navigation, the website is positioned to better connect users with educational programs, community services, and digital resources.

More information about Digital Silk’s web development capabilities is available at https://www.digitalsilk.com/ and organizations can request a quote here

About Digital Silk

Digital Silk is an award-winning Miami Web Development Agency focused on growing brands online. With a team of seasoned experts, Digital Silk creates digital experiences through strategic branding, custom web design, and digital marketing services to help improve visibility and support engagement.

Media Contact

Jessica Erasmus
Marketing Director & PR Manager
Tel: (800) 206-9413
Email: jessica@digitalsilk.com

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SOURCE Digital Silk

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LUMA Vision to Showcase VERAFEYE 4D Imaging Platform at HRS 2026, Signaling a New Foundation for EP Guidance

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DUBLIN, April 21, 2026 /PRNewswire/ — LUMA Vision, a leader in real-time 4D cardiac imaging and navigation, today announced its participation in the Heart Rhythm Society Annual Meeting (HRS 2026) in Chicago, where the company will showcase its VERAFEYE™ Visualization and Guidance Platform and highlight new clinical progress through physician-led presentations and scientific sessions.

At HRS 2026, LUMA Vision will demonstrate how VERAFEYE enables direct, real-time visualization of cardiac anatomy, catheters, and therapy delivery—a step-change from conventional imaging and mapping approaches. By combining live 2D and 4D intra-procedural imaging with precise digital anatomical models, the platform delivers CT-quality visualization in seconds, supporting faster, more intuitive, and more precise procedures.

VERAEYE is redefining EP Guidance — from tools to platform, VERAFEYE is designed to eliminate the fragmentation of current EP workflows by enabling physicians to see and guide therapy in real time, rather than relying on the traditional three separate systems of point-by-point mapping, ICE and fluoroscopy. Early clinical experience demonstrates the platform’s ability to:

Enable efficient single-operator workflowsSupport multiple ablation technologiesEliminate the use of fluoroscopyIntroduce a true two-catheter procedure

LUMA Vision will be featured across multiple sessions:

Wednesday, April 22 | 3:00 PM Embassy Suites by Hilton Chicago
Dr. Shephal Doshi will present at the Stanford Biodesign New Arrhythmia Technologies Retreat, highlighting the role of real-time 4D imaging in advancing EP innovation.

Thursday, April 23 | 5:00 PM McCormick Place Convention Center • Room S406AB
Dr. Vivek Reddy will present “AF Ablation with a Large-Focal PFA Catheter & Integrated Guidance” at the 3rd Annual PFA LIVE Case Summit, featuring the VERAFEYE™ System in collaboration with CardioFocus.

Saturday, April 25 | Time 12:00 to 2:00 PM Abstract Pavilion, McCormick Place (Exhibit Hall)
Dr. Toni Breskovic will present new clinical data demonstrating real-world workflow validation and procedural impact.

“This is a defining moment not only for LUMA Vision, but for the future architecture of cardiac procedures. VERAFEYE is a globally unique, AI–powered system that sits at the intersection of electrophysiology, left atrial appendage closure, and structural heart interventions, designed as a unified operating layer rather than a standalone procedural tool,” said Fionn Lahart, CEO of LUMA Vision. “What we are introducing with VERAFEYE is a unified, real–time view of the heart that has the potential to become the foundation for how cardiac procedures are performed.  As the field advances toward next–generation ablation technologies, guidance will no longer be an accessory. It will be the AI–enabled decision–making platform on which everything else is built.”

Driven by advanced AI algorithms, VERAFEYE interprets cardiac anatomy in real time, creating a single anatomical and guidance framework that spans multiple procedures. This intelligent foundation establishes a common procedural language through which therapies can enable greater precision, more efficient workflows, and tighter integration across the cardiac ecosystem.

Throughout the week, attendees are invited to visit Booth #2415 to meet the clinical team and experience how VERAFEYE delivers CT-quality digital anatomy in seconds, enabling a new level of precision and control in EP procedures. As EP continues to evolve toward energy-agnostic, platform-driven workflows, VERAFEYE is positioned to serve as a foundational imaging layer integrating across mapping systems.

About LUMA Vision

LUMA Vision is a privately held medical technology company headquartered in Dublin, Ireland, with key operations in Munich, Germany. The company designs and develops next-generation cardiac visualization and navigation systems that empower clinicians to see and treat with unmatched precision. VERAFEYE™, LUMA Vision’s flagship platform, delivers a real-time, 360° intracardiac view with an unprecedented field of visualization, redefining procedural accuracy in electrophysiology and structural heart interventions. Founded by CEO Fionn Lahart and CTO Christoph Hennersperger, LUMA Vision is committed to transforming cardiac care through innovation that improves outcomes and save lives.

Learn more at www.lumavision.com.

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SOURCE LUMA Vision

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Blaize and Datacomm Sign Technology Alliance MOU to Explore AI Inference Solutions Across Indonesia

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Technology Alliance Targets Indonesia’s Growing AI Inference Market, with an Initial Focus on Physical AI, Public Safety, Surveillance, and Industrial AI Applications

EL DORADO HILLS, Calif. and JAKARTA, Indonesia, April 21, 2026 /PRNewswire/ — Blaize Holdings, Inc. (Nasdaq: BZAI, Nasdaq: BZAIW) (“Blaize,” the “Company,” “we,” “our,” or “us”), a global leader in programmable, energy efficient AI computing, and PT Datacomm Diangraha (“Datacomm”), one of Indonesia’s leading IT service providers and cloud infrastructure specialists, today announced the signing of a Memorandum of Understanding (MOU) establishing a technology alliance to explore the potential of AI inference solutions across Indonesia.

The MOU was signed during a ceremony at Gitex Asia 2026 in Singapore, marking a meaningful step in both companies’ shared commitment to advancing practical AI capabilities across the Indonesian market.

Indonesia: A Strategic AI Market

Indonesia is one of the fastest-growing AI markets in Asia Pacific, with global hyperscalers, sovereign infrastructure programs, and enterprise technology providers all accelerating their presence in the country. According to the Empowering Indonesia Report 2025 by Indosat Ooredoo Hutchison and research firm Twimbit, sovereign AI could contribute up to USD $140 billion to Indonesia’s GDP by 2030, driving annual economic growth of up to 6.8%. Indonesia’s AI sector is expanding at a 31% CAGR, the fastest rate in Southeast Asia (Marketing-Interactive, 2026). Blaize and Datacomm are positioning this technology alliance to serve that growing demand, with an initial focus on physical AI, public safety, surveillance, industrial AI, and logistics.

Areas of Exploration

Under the MOU, Blaize and Datacomm intend to explore the following areas of cooperation:

AI Inference as a Service on DCloud: Exploring integration of Blaize’s Hybrid AI platform with Datacomm’s DCloud public cloud platform and datacenter infrastructure to enable scalable inference services for enterprise customers across Indonesia.Physical AI, Public Safety, Surveillance, and Logistics: Exploring AI inference use cases spanning physical security, video analytics, smart surveillance, and logistics optimization across Indonesia’s enterprise and public sector.Industrial AI: Jointly exploring AI inference applications for industrial automation, including computer vision and sensor-driven intelligence for Indonesia’s industrial sector.

“Asia Pacific is at an inflection point for AI inference, and Indonesia stands out as one of the region’s most significant contributors to that growth,” said Dinakar Munagala, Co-Founder and Chief Executive Officer of Blaize. “Datacomm brings exactly the trusted, deeply embedded infrastructure presence and enterprise relationships this market requires. Together, we are exploring how Blaize’s programmable, energy-efficient AI platform can unlock real-world value across public safety, smart infrastructure, physical AI, and logistics throughout Indonesia. This alliance is a strong foundation, and we intend to build on it.”

“At Datacomm, we have spent over three decades earning the trust of Indonesia’s enterprises, government institutions, and critical infrastructure operators,” said Tan Wie Tjin, President Director and Founder of PT Datacomm Diangraha. “Indonesia is on the cusp of a significant AI transformation, and the demand for intelligent, scalable, and secure inference solutions is accelerating across every sector we serve. This alliance with Blaize is a natural and exciting step in our journey toward the AI era. The combination of Datacomm’s cloud and datacenter infrastructure with Blaize’s world-class AI inference platform positions us uniquely to serve this demand. I look forward to exploring the possibilities this technology alliance will unlock for our customers and for Indonesia’s digital future.”

The MOU is non-binding and outlines a cooperative technology framework under which the parties may pursue specific projects through future definitive agreements. The alliance will prioritize enabling secure, scalable, and energy-efficient AI inference solutions that integrate seamlessly into existing cloud, datacenter, and physical environments across Indonesia.

About Blaize

Blaize delivers a programmable AI platform, purpose-built for AI inference workloads in real-world environments. Its Hybrid AI architecture combines the Blaize GSP (Graph Streaming Processor), an efficient AI processor, with GPU-based infrastructure, enabling AI inference workloads to run across edge, cloud, and data center. Blaize solutions support computer vision, multimodal AI, and sensor-driven applications across smart cities, industrial automation, telecommunications, retail, logistics, and defense. Blaize is headquartered in El Dorado Hills, California, with a global presence across North America, Europe, the Middle East, and Asia. To learn more, visit www.blaize.com or follow us on LinkedIn @blaizeinc.

About Datacomm

PT Datacomm Diangraha is one of Indonesia’s leading IT service providers, with over 30 years of experience in building and managing critical digital infrastructure. Founded in 1990 and headquartered in South Jakarta, Datacomm has grown from a data communication reseller into a comprehensive technology services company with more than 450 employees. The company serves customers across the enterprise, telecommunications, government, and military sectors through an end-to-end IT ecosystem that supports business transformation, covering cloud services, modern data center solutions, advanced IT security, DevOps, and reliable network infrastructure.

For more information, visit www.datacomm.co.id

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are based on beliefs and assumptions and on information currently available to Blaize, including statements regarding the expected scope of the engagement with Datacomm and any potential definitive agreements related thereto; the industry in which Blaize operates, market opportunities, and product offerings. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) failure to realize the anticipated benefits of Blaize’s business combination with BurTech Acquisition Corp., which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; and (iii) those factors discussed under the heading “Risk Factors” in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 24, 2026, our and other documents filed by Blaize from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Blaize assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. Blaize does not give any assurance that it will achieve its expectations.

Blaize Contact
press@blaize.com
www.blaize.com 

Investors
ir@blaize.com
www.blaize.com 

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SOURCE Blaize Inc.

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