Europe Power Management IC Market to Grow at a CAGR of 6.4% to reach US$ 17,503.59 Million from 2021 to 2028

Europe Power Management IC Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Voltage Regulators, Motor Control, Battery Management, Multi-Channel ICs, and Others) and End-Use (Consumer Electronics, Automotive, Healthcare, IT and Telecom, Industrial, and Others)

  • Report Code : TIPRE00027100
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 141
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The power management IC market in Europe is expected to grow from US$ 11,342.18 million in 2021 to US$ 17,503.59 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028.

The adoption of electric vehicles is growing tremendously across the region. Sales of electric vehicles (EVs) have increased in the Europe markets. The Power management plays a significant role with respect to the efficiency of the device, be it an ultra-low-power wireless sensor network or automotive high-voltage power converter. With a rise in requirement for proper power management, companies are looking at manufacturing customized power management integrated chips. The stringent emission norms in European countries are driving the demand for electric vehicles to a notable extent. Thus, respective policies, norms, incentives, and subsidies promote the sales of electric vehicles across the region. A PMIC is widely used in various automotive applications, such as ADAS, infotainment, battery management, navigation, telematics, and automotive cluster. Thus, rising sales for electric vehicles drive the demand for highly integrated system PMIC for applications requiring up to 8.5 A and high power PMIC used in quad-core processors up to 12 A. The automotive sector is a major contributor in the growth of the power management IC market across the region.

The impact of COVID-19 differed from country to country across the Europe region as selected countries experienced an increase in the number of recorded cases and subsequently attracted strict and more extended lockdown periods or social isolation. Germany, Italy, United Kingdom, Russia, and France are the countries that were most affected by various restrictions and limitations. The European automotive industry was severely hit and experienced a decline of over 20 percent in overall automotive production due to stringent supply chain disruption caused by imposed lockdowns. The automotive industry is one of the largest market for power management ICs. However, with the increasing demand for electric vehicles in the region, the outlook post COVID for the automotive industry seems to be favorable. With decreased income level, buyers opted to purchase necessities such as household goods and groceries instead of non-essential, big-ticket purchases like home theatres and LCD TVs. Other sectors that deploy power management ICs such as electric/electronics, manufacturing & construction, telecommunication network, also experienced a weak demand. COVID-19 has compelled manufacturers to streamline their production processes to tackle the unexpected disruption and resolve uncertain challenges like physical distancing. Considering increasing vaccination drives, demand is expected to recover by the end of 2022 with companies investing in making operations more productive and efficient.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe power management IC market. The Europe power management IC market is expected to grow at a good CAGR during the forecast period.

Europe Power Management IC Market Revenue and Forecast to 2028 (US$ Million) 

Europe Power Management IC Market Revenue and Forecast to 2028 (US$ Million) 
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Europe Power Management IC Market Segmentation

Europe Power Management IC Market – By Product Type

  • Voltage Regulators
  • Motor Control
  • Battery Management
  • Multi-Channel ICs
  • Others

Europe Power Management IC Market – By End-Use

  • Automotive
  • Consumer Electronics
  • IT and Telecom
  • Healthcare
  • Industrial
  • Others

Europe Power Management IC Market – By Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe Power Management IC Market – Companies Mentioned

  • NXP Semiconductors
  • Analog Devices, Inc.
  • INFINEON TECHNOLOGIES AG
  • ROHM CO., LTD.
  • Microchip Technology Inc.
  • Vishay Intertechnology, Inc.
  • Renesas Electronics Corporation
  • STMicroelectronics
  • Texas Instruments Incorporated
  • Qorvo, Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Power Management IC Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. Europe Power Management IC Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Elevating Sales of Consumer Electronics Products

5.1.2 Raising Inclination Toward Electric Vehicles

5.2 Market Restraints

5.2.1 Restricted Availability of GaN IC Devices

5.3 Market Opportunities

5.3.1 Boosting Demand for Battery Powered Devices

5.4 Future Trends

5.4.1 Deployment of Next-Generation 5G Network

5.5 Impact Analysis of Drivers and Restraints

6. Europe Power Management IC Market Overview

6.1 Europe Power Management IC Market Overview

6.2 Europe Power Management IC Market Revenue Forecast and Analysis

7. Europe Power Management IC Market Analysis – By Product Type

7.1 Overview

7.2 Europe: Power Management IC Market, by Product Type

7.3 Voltage Regulators

7.3.1 Overview

7.3.2 Voltage regulators: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Motor Control IC

7.4.1 Overview

7.4.2 Motor control IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Battery Management IC

7.5.1 Overview

7.5.2 Battery Management IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Multi-Channel IC

7.6.1 Overview

7.6.2 Multi-Channel IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

8. Europe Power Management IC Market Analysis – By End Use

8.1 Overview

8.2 Europe: Power Management IC Market, by End-Use

8.3 Consumer Electronics

8.3.1 Overview

8.3.2 Consumer Electronics Market Revenue and Forecast to 2028 (US$ Million)

8.4 Automotive

8.4.1 Overview

8.4.2 Automotive Market Revenue and Forecast to 2028 (US$ Million)

8.5 Healthcare

8.5.1 Overview

8.5.2 Healthcare Market Revenue and Forecast to 2028 (US$ Million)

8.6 IT & Telecom

8.6.1 Overview

8.6.2 IT & Telecom Market Revenue and Forecast to 2028 (US$ Million)

8.7 Industrial

8.7.1 Overview

8.7.2 Industrial Market Revenue and Forecast to 2028 (US$ Million)

8.8 Others

8.8.1 Overview

8.8.2 Others Market Revenue and Forecast to 2028 (US$ Million)

9. Europe Power Management IC Market – Country Analysis

9.1 Overview

9.1.1 Europe: Power Management IC Market, by Key Country

9.1.1.1 France: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 France: Power Management IC Market, by Product Type

9.1.1.1.2 France: Power Management IC Market, by End-Use

9.1.1.2 Germany: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Germany: Power Management IC Market, by Product Type

9.1.1.2.2 Germany: Power Management IC Market, by End-Use

9.1.1.3 Italy: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Italy: Power Management IC Market, by Product Type

9.1.1.3.2 Italy: Power Management IC Market, by End-Use

9.1.1.4 UK: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 UK: Power Management IC Market, by Product Type

9.1.1.4.2 UK: Power Management IC Market, by End-Use

9.1.1.5 Russia: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1 Russia: Power Management IC Market, by Product Type

9.1.1.5.2 Russia: Power Management IC Market, by End-Use

9.1.1.6 Rest of Europe: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1 Rest of Europe: Power Management IC Market, by Product Type

9.1.1.6.2 Rest of Europe: Power Management IC Market, by End-Use

10. Impact of COVID-19 Pandemic on Europe Power Management IC Market

10.1 Overview

11. Industry Landscape

11.1 New Development

12. Company Profiles

12.1 NXP Semiconductors

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Analog Devices, Inc.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 INFINEON TECHNOLOGIES AG

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 ROHM CO., LTD.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Microchip Technology Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Vishay Intertechnology, Inc.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Renesas Electronics Corporation

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 STMicroelectronics

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Texas Instruments Incorporated

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Qorvo, Inc.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index


LIST OF TABLES

Table 1. Europe Power Management IC Market Revenue and Forecast to 2028 (US$ Million)

Table 2. France: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 3. France: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)

Table 4. Germany: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. Germany: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)

Table 6. Italy: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. Italy: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)

Table 8. UK: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. UK: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)

Table 10. Russia: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. Russia: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)

Table 12. Rest of Europe: Power Management IC Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. Rest of Europe: Power Management IC Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)

Table 14. List of Abbreviation


LIST OF FIGURES

Figure 1. Europe Power Management IC Market Segmentation

Figure 2. Europe Power Management IC Market Segmentation – By Country

Figure 3. Europe Power Management IC Market Overview

Figure 4. Europe Power Management IC Market, by Product Type

Figure 5. Europe Power Management IC Market, By Country

Figure 6. PEST Analysis – Europe

Figure 7. Ecosystem Analysis

Figure 8. Expert Opinions

Figure 9. Europe Power Management IC Market Impact Analysis of Drivers and Restraints

Figure 10. Europe Power Management IC Market Revenue Forecast and Analysis (US$ Million)

Figure 11. Europe: Power Management IC Market Revenue Share, by Product Type (2020 and 2028)

Figure 12. Voltage Regulators: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Motor control IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. Battery Management IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. Multi-Channel IC: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Others: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Europe: Power Management IC Market Revenue Share, by End-Use (2020 and 2028)

Figure 18. Consumer Electronics Market Revenue and Forecast to 2028(US$ Million)

Figure 19. Automotive Market Revenue and Forecast to 2028(US$ Million)

Figure 20. Healthcare Market Revenue and Forecast to 2028(US$ Million)

Figure 21. IT & Telecom Market Revenue and Forecast to 2028(US$ Million)

Figure 22. Industrial Market Revenue and Forecast to 2028(US$ Million)

Figure 23. Others Market Revenue and Forecast to 2028(US$ Million)

Figure 24. Geographic Europe Overview of Power Management IC Market

Figure 25. Europe: Power Management IC Market Revenue Share, by Key Country (2020 and 2028)

Figure 26. France: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Germany: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Italy: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. UK: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Russia: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Rest of Europe: Power Management IC Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets

  1. NXP Semiconductors
  2. Analog Devices, Inc.
  3. INFINEON TECHNOLOGIES AG
  4. ROHM CO., LTD.
  5. Microchip Technology Inc.
  6. Vishay Intertechnology, Inc.
  7. Renesas Electronics Corporation
  8. STMicroelectronics
  9. Texas Instruments Incorporated
  10. Qorvo, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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