Yole Group Forecasts $41.3 Billion Power Device Market by 2031, 7.1% CAGR
Yole Group's latest report says the global power device market will reach $41.3 billion by 2031, growing at a 7.1% compound annual rate from 2025 to 2031. After a 2024-2025 adjustment, the industry enters a phase focused on consolidation, cost optimization, and competitiveness, driven by electrification, AI infrastructure, and renewables. Infineon, onsemi, and STMicroelectronics remain leaders, while China Resources Microelectronics, Silan Micro, and Nexperia gain share.
According to Yole Group's latest research report, after 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. Driven jointly by electrification, AI infrastructure, and renewable energy, the global power device market is expected to maintain a compound annual growth rate of 7.1% from 2025 to 2031.
Traditional leading companies such as Infineon, onsemi, and STMicroelectronics continue to hold their top positions. Meanwhile, China Resources Microelectronics, Silan Micro, and Nexperia (Netherlands/China) are steadily increasing their market share across the supply chain.
Why this event matters
The event has a measured impact on 5 industrys. The strongest current signal is positive for Semiconductor Value Chain, with intensity 70/100 and 75% confidence over a medium term horizon.
Semiconductor Value Chain
- Direction
- positive
- Intensity
- 70
- Confidence
- 75%
- Horizon
- Medium term
Artificial Intelligence
- Direction
- positive
- Intensity
- 60
- Confidence
- 70%
- Horizon
- Medium term
New Energy Vehicles
- Direction
- positive
- Intensity
- 60
- Confidence
- 70%
- Horizon
- Medium term
Wind & Solar Power
- Direction
- positive
- Intensity
- 50
- Confidence
- 70%
- Horizon
- Medium term
Wind & Solar Equipment
- Direction
- positive
- Intensity
- 50
- Confidence
- 70%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.