Discrete power device market seen reaching $37.98 billion by 2030

The Business Research Company says the discrete power device market will grow from $26.8 billion in 2025 to $37.98 billion by 2030, driven by electric vehicle adoption, renewable energy demand and wider use of efficient power management systems. Asia-Pacific was the largest market in 2025 and is expected to lead growth through the forecast period.

Why it matters: - Discrete power devices are core components in power conversion, circuit protection, voltage regulation and power distribution. - The market's growth tracks rising demand for more efficient power management across consumer electronics, industrial automation, electric vehicles and renewable energy systems. - Faster adoption of high-efficiency semiconductor devices can affect system performance, energy use and thermal reliability in a wide range of electronics.

What happened: - The Business Research Company published its Discrete Power Device Global Market Report 2026 – Market Size, Trends, And Forecast 2026-2035. - The report says the discrete power device market will rise from $26.8 billion in 2025 to $28.69 billion in 2026, a 7.0% CAGR. - The report projects the market will reach $37.98 billion by 2030, implying a 7.3% CAGR. - The report was released in London on Oct. 19, 2026.

The details: - Discrete power devices are single-device semiconductor components used to control, convert, regulate and switch electrical power. - These devices support high-voltage and high-current applications. - The report cites expanding electronic system use, higher demand for power conversion technologies, greater consumer electronics adoption, more voltage regulation needs and wider deployment of industrial automation equipment as drivers of the 2026 market increase. - The report says EV adoption, renewable energy systems, demand for high-efficiency power devices, semiconductor advances and smart power management needs will drive growth through 2030. - The report identifies wide bandgap semiconductor devices, energy-efficient power management, advanced thermal management, high-performance power switching devices and compact power electronic parts as key trends. - The report highlights discrete power device use in traction inverters, onboard chargers, DC-DC converters, battery management systems and motor drives in EVs. - Cox Automotive reported in January 2025 that new U.S. electric vehicle sales reached 102,243 units, up 29.9% from the prior year. - Asia-Pacific was the largest regional market in 2025. - Asia-Pacific is expected to lead growth in the forecast period. - The report also covers South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. - The 2026 report package includes market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, key technologies and future trend analysis, plus updated graphics and tables. - The release includes contact details for Saumya Sahay and Business Research Company social and web links.

Between the lines: - The forecast points to a market benefiting from both electrification and the need to make power systems smaller, more efficient and more reliable. - EV growth is a strong signal because discrete power devices sit inside multiple core vehicle subsystems, not just one component. - Asia-Pacific's lead suggests manufacturing scale and electronics demand remain concentrated in the region. - The report's emphasis on wide bandgap semiconductors points to a shift toward higher-performance materials as power density requirements rise.

What's next: - The market is expected to keep expanding as EV sales, renewable installations and industrial automation continue to push demand for power-efficient components. - Adoption of compact and thermally advanced power devices is likely to accelerate as device makers compete on efficiency and performance. - The report's forecast through 2030 indicates the next few years will be shaped by semiconductor innovation as much as end-market demand.

The bottom line: - Discrete power devices are set to remain a growth market as electrification increases the need for efficient power control across consumer, industrial and automotive systems.