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U.S. Energy Sector Accelerates Power Semiconductor Integration
The global power semiconductor market reached US$ 56,155 million in 2022 and is projected to grow to US$ 171,709 million by 2031, at a CAGR of 15.0% during 2024–2031, fueled by rising demand across automotive, industrial, consumer electronics, and defense sectors. Asia Pacific leads the surge, driven by booming EV adoption and industrial automation. Power semiconductors like MOSFETs,...
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