Researchmoz added Most up-to-date research on "Power Management Integrated Circuit Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027" to its huge collection of research reports. An insight on the important factors and trends influencing the market.
The application of power management integrated circuits in various end-use industries is boosting the growth of this market
In the present times, there is an increasing demand for IoT and power optimization solutions, due to which smart grids, energy storage systems and electric cars are becoming popular all over the world. This situation creates a huge opportunity for power management integrated circuit manufacturers. With the help of power management integrated circuits, the usage of power sources across various industrial applications can be optimized. Hence, it is estimated that there is an increasing demand for power management integrated circuits in storage systems and electric car market in order to extract high performance and enable sophisticated power management to improve the efficiency and extend battery life of devices. In addition, due to the phenomenon of globalization and rapidly rising industrialization, there is a rise in factory and commercial automation. Hence, there is a requirement of high efficiency in energy conversion and will increase the demand for high power density in the near future. This creates a lucrative opportunity for power management integrated circuit manufacturers to provide reliable power management integrated circuits for factory and commercial automation that can operate at high temperatures.
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High adoption of power management integrated circuits in various industries in the APEJ region bodes well for the global market
Power management integrated circuits are increasingly used in various industry verticals such as electronics, factory automation and control, grid infrastructure, medical, healthcare and fitness, space, avionics and defence. Various kinds of industries use low power, highly integrated microprocessor platforms that require both multiple voltage rails and battery management. Power management integrated circuits (PMICs) provide highly integrated, high-performance solutions for wide ranging automotive, consumer and industrial applications. In addition, in order to implement technology in manufacturing and production, industries in the APEJ region are moving towards automation. Increasing levels of automation and demand from various industry verticals is projected to positively affect the growth of the power management integrated circuit market across the APEJ region.
power management integrated circuit market
Global Power Management Integrated Circuit Market Analysis (2012-2016) and Opportunity Assessment (2017-2027), By Application
As per the projections given by Future Market Insights, the automotive segment in the application category was estimated to be valued at nearly US$ 4,350 Mn in 2017 and is likely to touch a valuation of nearly US$ 8,150 Mn in 2027, accounting for a CAGR of 6.5% during the period of assessment 2017-2027. The communication equipment segment in the application category was estimated to be valued at nearly US$ 3,550 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 9,000 Mn in 2027, exhibiting a CAGR of 9.8% during the period of forecast. The enterprise systems segment in the application category was estimated to be valued at nearly US$ 2,650 Mn in 2017 and is likely to reach a valuation of nearly US$ 4,500 Mn in 2027, displaying a CAGR of 5.5% during the period of assessment.
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The application of power management integrated circuits in various end-use industries is boosting the growth of this market
In the present times, there is an increasing demand for IoT and power optimization solutions, due to which smart grids, energy storage systems and electric cars are becoming popular all over the world. This situation creates a huge opportunity for power management integrated circuit manufacturers. With the help of power management integrated circuits, the usage of power sources across various industrial applications can be optimized. Hence, it is estimated that there is an increasing demand for power management integrated circuits in storage systems and electric car market in order to extract high performance and enable sophisticated power management to improve the efficiency and extend battery life of devices. In addition, due to the phenomenon of globalization and rapidly rising industrialization, there is a rise in factory and commercial automation. Hence, there is a requirement of high efficiency in energy conversion and will increase the demand for high power density in the near future. This creates a lucrative opportunity for power management integrated circuit manufacturers to provide reliable power management integrated circuits for factory and commercial automation that can operate at high temperatures.
Get a Sample PDF at: https://www.researchmoz.us/enquiry.php?type=S&repid=1834722
High adoption of power management integrated circuits in various industries in the APEJ region bodes well for the global market
Power management integrated circuits are increasingly used in various industry verticals such as electronics, factory automation and control, grid infrastructure, medical, healthcare and fitness, space, avionics and defence. Various kinds of industries use low power, highly integrated microprocessor platforms that require both multiple voltage rails and battery management. Power management integrated circuits (PMICs) provide highly integrated, high-performance solutions for wide ranging automotive, consumer and industrial applications. In addition, in order to implement technology in manufacturing and production, industries in the APEJ region are moving towards automation. Increasing levels of automation and demand from various industry verticals is projected to positively affect the growth of the power management integrated circuit market across the APEJ region.
power management integrated circuit market
Global Power Management Integrated Circuit Market Analysis (2012-2016) and Opportunity Assessment (2017-2027), By Application
As per the projections given by Future Market Insights, the automotive segment in the application category was estimated to be valued at nearly US$ 4,350 Mn in 2017 and is likely to touch a valuation of nearly US$ 8,150 Mn in 2027, accounting for a CAGR of 6.5% during the period of assessment 2017-2027. The communication equipment segment in the application category was estimated to be valued at nearly US$ 3,550 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 9,000 Mn in 2027, exhibiting a CAGR of 9.8% during the period of forecast. The enterprise systems segment in the application category was estimated to be valued at nearly US$ 2,650 Mn in 2017 and is likely to reach a valuation of nearly US$ 4,500 Mn in 2027, displaying a CAGR of 5.5% during the period of assessment.
Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/power-management-integrated-circuit-market-global-industry-analysis-2012-2016-and-opportunity-assessment-2017-2027-report.html/toc
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfil all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organisations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
For More Reports Visit @ http://marketresearchlatestreports.blogspot.com/
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