Europe Power Transistor Market Size

Europe Power Transistor Market Analysis

The Europe power transistor market was valued at USD 3,973.64 million and is expected to register a CAGR of 3.3% during the forecast period to become USD 4828.258 million by the end of the forecast period.

• The rise in demand for connected devices is anticipated to have a significant impact on the growth of the worldwide power transistor market over the course of the forecast period. Power transistors aid in quick heat dissipation, prevent overheating, reduce carbon dioxide emissions, and save electricity costs.
• According to Cisco, the number of networked devices in Central and Eastern Europe is estimated to increase from 1.2 billion in 2018 to 2.0 billion by 2023. By 2023, Central and Eastern Europe would have 4.0 networked devices per person, up from 2.5 in 2018.
• Power transistors are usually used in automotive applications due to their ability to efficiently handle high voltage and current levels. They are used in various areas of the vehicle, including engine control systems, transmission systems, power management, battery management, and lighting systems, among others. 
• Automotive power transistors are designed to meet stringent requirements for reliability, durability, and safety. They are employed in motor control circuits to regulate the speed of the motor. They are also utilized in electric and hybrid vehicles to control the motor used for propulsion. Power transistors are used in battery management systems to monitor the battery health, and charging status, to control the charging current, and in automatic transmission systems to control the shifting of gears.
• Additional factors that are anticipated to drive the market under study include safety, infotainment, navigation, and fuel efficiency in automotive components, as well as security, automation, solid-state lighting, transportation, and energy management in industrial components. For instance, the Insulated Gate Bipolar Transistor (IGBT), a key element of the EV power electronics system, is anticipated to experience high demand as EV sales increase internationally.
• According to Federal Motor Transport Authority, in Germany, 1.2% of all passenger cars were electrified (battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs)) in 2020. The forecast states that by 2030, the share will increase to 24.4% or over 11.55 million vehicles. Such a rise in electric vehicle (EV) vehicles would drive the market.
• The region is also witnessing several innovations catering to the complex demands of consumers. For instance, in June 2022, the first high-performance vertical bipolar organic transistor was created by scientists at the Dresden Integrated Centre for Applied Physics and Photonic Materials (IAPP) in Germany, paving the way for the creation of adaptable organic logic systems. Over the past 20 years, organic field-effect transistors (FET) have been created for uses such as screen drivers; however, due to their poor charge carrier mobility, they can only operate in the low- to medium-megahertz range. The bipolar junction transistor, on the other hand, provides low capacitance and contact resistance but faces difficulties with miniaturization and process integration.
• On the flip side, power transistor technology faces a number of challenges. Some of these challenges are related to device performance, such as improving efficiency and power density. Other challenges are related to device reliability, such as reducing the risk of thermal stress and improving reliability under high voltages. Power transistors generate a lot of heat during operation, which can cause reliability issues and limit the power density of the devices. Improving the thermal management of power transistors is an important challenge.
• Further, the outbreak of COVID-19 affected the production facilities of automotive industries across the globe. The COVID-19 outbreak in European countries affected the automobile industry in the region. According to the Foreign Car Manufacturers Association and the National Union Representatives Vehicles Foreign Affairs (UNRAE), the COVID-19 outbreak and weak economic outlook triggered a fall in demand in the automotive sector. Such factors might restrain the growth of the studied market in the region.