"Agency: The global power device market is expected to exceed $41.3 billion by 2031."

In its latest research report, Yole Group stated that following a market adjustment from 2024 to 2025, the power electronics industry is entering a new phase centered on industry consolidation, cost optimization, and enhanced competitiveness. Yole Group expects that driven by electrification, AI infrastructure, and renewable energy, the global power device market will maintain a compound annual growth rate of 7.1% from 2025 to 2031, reaching a market size of $41.3 billion by 2031. Specifically, the agency believes that traditional leaders such as Infineon, On Semiconductor, and STMicroelectronics continue to maintain their lead; at the same time, companies like China Resources Microelectronics, Silan Microelectronics, and Navitas Semiconductor are steadily increasing their market share in the industry chain.