Power IC Market Size, Share, Growth Trends, and Global Forecast, 2021 - 2034 | EVs, AI Data Centers, and GaN/SiC Drive a US$ 21.58 Billion Opportunity

The global Power IC market was valued at US$ 11.66 billion in 2025 and is projected to reach US$ 21.58 billion by 2034, growing at a CAGR of 7.4%. Growth is driven by rising demand for efficient power management in consumer electronics, automotive systems, industrial automation, renewable energy, and data centers. Asia Pacific dominates the market, with North America and Europe generating growth through investments in automotive electronics, data centers, and renewable energy systems. Wide bandgap semiconductor technologies like silicon carbide and gallium nitride are enabling next-generation applications.

10/07/2026, 4:42 AM • GlobeNewswire

Global Power Discrete Market Size, Share, Trends, and Forecast (2021 - 2034) | Market to Reach US$ 24.46 Billion at 6.4% CAGR, Fueled by SiC, GaN, EVs, and Data Centers

The global Power Discrete market is valued at US$ 14.30 billion in 2025 and is projected to reach US$ 24.46 billion by 2034, growing at a CAGR of 6.4%. Growth is driven by increasing demand for energy-efficient power management technologies across consumer electronics, automotive systems, industrial equipment, renewable energy, and data centers. Asia Pacific dominates the market, followed by North America and Europe. Key trends include the transition to SiC and GaN semiconductor technologies enabling higher efficiency and performance in EVs, 5G devices, and industrial automation.

10/07/2026, 4:41 AM • GlobeNewswire

Insulated Gate Bipolar Transistors Global Market Size, Share, and Forecast 2026-2035 | EV and Renewable Energy Demand Drives 7.3% CAGR to US$14.82 Billion

The global IGBT market is projected to grow from USD 8.45 billion in 2025 to USD 14.82 billion by 2035, expanding at a 7.3% CAGR. Growth is driven by rising EV/HEV production, renewable energy inverter demand, industrial motor drives, and railway traction investments. Asia-Pacific leads with 42.5% of global revenue, while the EV/HEV segment accounts for 32.8% of market share.

09/29/2026, 4:56 AM • GlobeNewswire

Smart Grid Market to Reach $161.15 Billion, at a 16.9% CAGR by 2029 | MarketsandMarkets™

The global smart grid market is expected to grow from USD 73.85 billion in 2024 to USD 161.15 billion by 2029, at a CAGR of 16.9%. Growth is driven by renewable energy integration, grid modernization initiatives, increasing electrification, and rising energy demand. North America leads the market, while Asia Pacific is the fastest-growing region.

09/02/2026, 10:00 AM • GlobeNewswire

Automotive Pumps Market worth $34.15 billion in 2035 | MarketsandMarkets™

The global automotive pumps market is expected to grow at a modest CAGR of 1.0% from 2026 to 2035, driven by increasing thermal management complexity in passenger cars and engine/HVAC applications. Passenger cars will hold the largest market share, while North America is anticipated to experience significant growth due to its production of high-capacity vehicles like pickup trucks and commercial vehicles.

07/22/2026, 10:00 AM • GlobeNewswire

Switchgear Market Report 2026-2035, Rising at 6% CAGR to Reach USD 196.71 Billion by 2035 | SNS Insider

The global switchgear market is valued at USD 109.84 billion in 2025 and is projected to reach USD 196.71 billion by 2035, growing at a 6% CAGR. Growth is driven by grid modernization, renewable energy integration, and smart power infrastructure expansion. Medium voltage switchgear dominates with 46% market share, while gas-insulated switchgear leads with 51% share. Asia Pacific is expected to be the fastest-growing region with 7.2% CAGR.

06/22/2026, 3:30 AM • GlobeNewswire

Thailand Elevator and Escalator Market Size & Growth Forecast Report 2026-2031 Featuring Key vendors - Otis, KONE, TK Elevator, Schindler, Mitsubishi, Hitachi, Hyundai, and Fujitec

Thailand's elevator and escalator market is projected to grow at a CAGR of 3.20% from 2025 to 2031, driven by urbanization and commercial infrastructure expansion. The market is dominated by established players like Otis, KONE, and Mitsubishi, which collectively hold over 75% market share, though Chinese manufacturers are gaining ground. Despite favorable demand fundamentals, the market faces pricing pressures and competitive challenges.

05/14/2026, 6:00 AM • GlobeNewswire

Saudi Arabia Elevator and Escalator Market Size & Growth Forecast Report 2026-2031 Featuring Key Vendors - Otis, KONE, TK Elevator, Schindler, Mitsubishi, Hyundai, Hitachi, Fujitec

Saudi Arabia's elevator and escalator market is projected to grow at a CAGR of 3.73% from 2025 to 2031, driven by urbanization, infrastructure projects like Neom, and rising tourism. However, the market faces headwinds from skilled labor shortages and rising construction costs. Top vendors Otis, KONE, and Schindler collectively control approximately 75% of the market.

05/14/2026, 5:56 AM • GlobeNewswire

Transformer Market Size to Surpass USD 125.68 Billion by 2035 | Research by SNS Insider

The global transformer market is expected to grow from USD 66.33 billion in 2025 to USD 125.68 billion by 2035, driven by industrialization, renewable energy expansion, and smart transformer adoption. Asia-Pacific leads with 45.30% of installations, while high manufacturing costs and regulatory complexities pose challenges to market growth.

02/27/2026, 5:00 AM • GlobeNewswire

Heat Pump Water Heater Market to Hit $10.2 Billion at 14.4% CAGR through 2028 | MarketsandMarkets™

The global Heat Pump Water Heater Market is expected to grow from USD 5.2 billion in 2023 to USD 10.2 billion by 2028, at a CAGR of 14.4%. Growth is driven by government policies promoting energy efficiency, renewable energy integration, IoT technology adoption, and increasing consumer incentives. Air-to-air systems and residential applications are expected to lead market expansion.

02/24/2026, 6:30 PM • GlobeNewswire

Factory Automation Sensor Industry Research 2025 - Global Market Size, Share, Trends, Opportunities, and Forecasts, 2020-2024 & 2025-2030

The global factory automation sensor market is projected to grow from USD 23.46 billion in 2024 to USD 38.98 billion by 2030, driven by Industry 4.0 adoption and smart manufacturing initiatives. Key trends include smart sensor integration and IoT connectivity, though high initial costs and integration complexities remain significant barriers, particularly for SMEs.

01/28/2026, 4:54 AM • GlobeNewswire

HVDC Converter Station Market Size to Surpass USD 20.22 Billion by 2033 | Research by SNS Insider

The U.S. HVDC Converter Station Market is projected to grow at a 6.49% CAGR from USD 1.28 billion in 2025 to USD 2.10 billion by 2033, driven by modernization of transmission infrastructure, renewable energy integration, and cross-border power projects. The global market is estimated at USD 13.08 billion in 2025 and expected to reach USD 20.22 billion by 2033 at a 5.63% CAGR. Key growth drivers include increasing renewable energy adoption and long-distance power transmission needs, though high capital investments and complex technology present market challenges.

01/12/2026, 3:36 AM • GlobeNewswire

Power Semiconductor Market is expected to generate a revenue of USD 43.03 Billion by 2032, Globally, at 2.37% CAGR: Verified Market Research®

The global power semiconductor market is projected to grow from USD 35.68 billion in 2024 to USD 43.03 billion by 2032 at a CAGR of 2.37%. Growth is driven by EV adoption, renewable energy expansion, and industrial automation, though challenges include high costs of advanced materials like SiC and GaN, supply chain disruptions, and manufacturing complexity. Asia-Pacific dominates the market.

01/11/2026, 10:18 AM • GlobeNewswire

Physiotherapy Equipment Market is expected to generate a revenue of USD 14.88 Billion by 2031, Globally, at 6.6% CAGR: Verified Market Research®

The global physiotherapy equipment market is projected to grow at a CAGR of 6.6% from 2024 to 2031, reaching USD 14.88 billion by 2031 from USD 8.92 billion in 2024. Growth is driven by increasing chronic diseases, aging populations, technological advancements including robotic rehabilitation devices and AI-driven therapy equipment, and rising demand for home-based healthcare solutions. However, high equipment costs, limited access to skilled professionals, and regulatory challenges pose significant obstacles to market expansion.

01/10/2026, 10:45 AM • GlobeNewswire

Electric Powertrain Market is expected to generate a revenue of USD 211.7 Billion by 2032, Globally, at 13.20% CAGR: Verified Market Research®

The global electric powertrain market is projected to grow at a CAGR of 13.20% from 2026 to 2032, reaching USD 211.7 billion by 2032, up from USD 85.71 billion in 2024. Growth is driven by rising EV adoption, technological advancements, and government incentives, though challenges include high initial costs, limited charging infrastructure, and battery performance concerns. Asia-Pacific leads the market, followed by North America and Europe.

01/08/2026, 10:59 PM • GlobeNewswire