Power Semiconductor Market Forecast and Outlook (2024-2031)
Power Semiconductor Market Size The global power semiconductor market reached US$ 56,155 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 171,709 million by 2031. The market is growing at a CAGR of 15.0% during the forecast period (2024-2031). These devices control the flow of electricity, allowing current to pass when activated and stopping it when off,...
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