Power Electronics Companies - Infineon Technologies AG (Germany) and Texas Instruments Incorporated (US)

The power electronics market is projected to reach USD 67.42 billion by 2030 from the estimated USD 51.73 billion in 2025, growing at a CAGR of 5.4% during the forecast period. The market is witnessing significant growth due to the increasing deployment of electric vehicles (EVs), growing investments in renewable energy infrastructure, and rising demand for energy-efficient electronic devices.

Power electronics play a vital role in managing and converting electrical energy efficiently across multiple applications, including automotive, industrial, consumer electronics, and energy sectors. With governments across Asia Pacific, Europe, and North America offering policy incentives to boost electrification and clean energy adoption, the demand for advanced power components such as inverters, converters, and power modules is rising rapidly. Additionally, the integration of wide bandgap semiconductors like silicon carbide (SiC) and gallium nitride (GaN) is further accelerating technological innovation, offering improved efficiency, switching speed, and thermal performance. These developments support broader adoption in high-performance applications, strengthening the market’s position. The continued push toward digitalization, smart grids, and efficient energy storage solutions further contributes to the robust growth outlook for the power electronics market.

Major Power Electronics Companies Include:

• Infineon Technologies AG (Germany)
• Texas Instruments Incorporated (US)
• Semiconductor Components Industries, LLC (US)
• STMicroelectronics (Switzerland)
• Analog Devices, Inc. (US)
• Mitsubishi Electric Corporation (Japan)
• Renesas Electronics Corporation (Japan)
• TOSHIBA CORPORATION (Japan)
• Fuji Electric Co., Ltd. (Japan)
• Vishay Intertechnology, Inc. (US)

Infineon Technologies AG (Germany) is a global leader in semiconductor solutions, with a strong presence in the power electronics market. The company offers a comprehensive portfolio of power semiconductors, including IGBTs, MOSFETs, power modules, and wide bandgap solutions such as silicon carbide (SiC) and gallium nitride (GaN) devices, serving automotive, industrial, and energy sectors. Infineon focuses on continuous innovation, strategic acquisitions, and sustainability to strengthen its market position. In 2020, the company completed its acquisition of Cypress Semiconductor, enhancing its system capabilities and expanding its presence in the automotive and IoT segments. Infineon’s power electronics solutions are widely used in electric vehicles (EVs), renewable energy systems, smart factories, and data centers, enabling energy-efficient power conversion and management. The company invests heavily in R&D to develop next-generation power devices that offer higher efficiency, faster switching, and superior thermal performance. Its strategic focus on wide bandgap technologies supports the growing demand for compact, high-performance solutions.

Texas Instruments Incorporated (US) is a prominent provider of analog and embedded semiconductor solutions, with a strong focus on power management technologies across industrial, automotive, and consumer electronics applications. The company emphasizes organic growth through continuous product innovation and process technology enhancements, aiming to deliver reliable and energy-efficient power electronics components. Its portfolio includes DC/DC converters, linear regulators, power switches, and battery management ICs that support a wide range of voltage and current requirements. Texas Instruments leverages its proprietary manufacturing capabilities, including in-house wafer fabs and assembly/test operations, to optimize cost efficiency and ensure product quality. The company’s power management solutions are designed to meet stringent regulatory and environmental standards, enabling smarter, more sustainable systems in electric vehicles, industrial automation, and smart home devices. In recent years, TI has expanded its automotive and industrial product lines with advanced features such as ultra-low quiescent current, high switching frequency, and thermal efficiency to address growing electrification demands. Its continued investment in R&D, customer-centric design support, and scalable product platforms helps strengthen its position as a trusted leader in the global power electronics landscape.

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Market Ranking

The power electronics market is competitive, with five main players collectively controlling 35.5–45.5% of the total market share. Infineon Technologies AG leads the market due to its extensive product portfolio, strong focus on energy efficiency, and significant presence in the automotive and industrial power sectors. Texas Instruments Incorporated plays a key role in the market, driven by its deep expertise in analog and embedded processing technologies. It offers high-performance power management solutions across diverse applications. Semiconductor Components Industries, LLC (Onsemi) holds a significant market position, leveraging its robust portfolio of silicon carbide (SiC) and intelligent power modules tailored for electric vehicles, renewable energy systems, and industrial automation. STMicroelectronics plays a key role in the market with its wide range of power discretes and modules designed for high-voltage, high-efficiency systems across consumer and industrial applications. Analog Devices, Inc. holds a significant market position. It is known for its advanced power conversion and signal processing solutions. The company has a growing focus on electrification and precision power delivery in automotive and healthcare systems. The remaining 54.5%–64.5% of the market consists of numerous regional and emerging players, creating opportunities for innovation and market penetration