The global solid-state power controller market is projected to garner a revenue of USD 5,646.9 million by 2032, up from USD 1,562.4 million in 2022, moving forward with a CAGR of 13.7% during the forecast period.
Solid state power controllers are semiconductor devices that manage the power that is supplied to the load, and the demand for the same is rising as they perform well in diagnosing and supervising functions to identify overload conditions and prevent accidents such as short circuits.
Due to the faster response timing and more efficiency in handling criticality such as in power systems in aircraft, solid state power controllers ensure proper operations, in turn surging the demand for solid state power controllers.
Moreover, the solid state power controller market is also fostered by the technological advancements that have enabled the programming of microprocessors to increase the controlling characteristics of the sliding state power controller.
| Report Attribute | Details |
|---|---|
| Solid State Power Controller Market Value (2022) | USD 1,562.4 Million |
| Solid State Power Controller Market Anticipated Forecast Value (2032) | USD 5,646.9 Million |
| Solid State Power Controller Market Projected Growth Rate (2022 to 2032) | 13.7% |
A rapid increase in industrialization and commercialization building of power plants in tandem with the electrification of railways and metros is expected to expand the solid-state power controller market size. Moreover, government initiatives toward smart cities are likely to positively impact the growth in revenue of the global solid state power controller market during the forecast period.
The rise in the number of aircraft produced and the number of major market players who provide cutting-edge command and control solutions are also likely to push the solid state power controller market growth forward.
The market for aircraft electrical SSPCs is predicted to recover from covid-19 more quickly than the market for entire electrical systems as the future of air transportation shifts away from fossil fuels, with hybrid and all-electric aircraft leading the way.
The same can be owed to the paradigm shift from contractors to SSPCs. As a result, demand for solid-state power controllers is expected to augment during the forecast period.
The rising sales of solid state power controllers can be attributed to the increase in the requirement for energy conservation in manufacturing industries and home utilities to minimize power losses.
In addition to this, the growing need for damage prevention in appliances and equipment due to overvoltage conditions among consumers is projected to facilitate market growth to a considerable extent. Growing awareness among the population is also expected to positively impact the global solid-state controller market outlook.
On the other hand, one of the prime challenges which restrict the growth of the global solid-state power controller market is its high installation cost, complexity in deployment, and lack of standardization.
North America is likely to be at the forefront of the solid state power controller market with a share of 31.8% in 2022 due to the presence of established manufacturing firms and rising demand from end-use industries like machinery & equipment, automotive, and others.
Also, the widespread use of aircraft for commercial, military, and regional purposes in the area also supports the market. Additionally, regional investments in military aircraft are the biggest worldwide, contributing to the region’s market share.
The market for solid-state power controllers is likely to grow at the fastest rate during the forecast period in Europe, with an anticipated solid-state power controller market share of 20.5% in 2022.
The industrialization and modernization taking place in this area are escalating, which is driving up the demand for machinery and appliances that use little energy, in turn propelling the market size on the whole.
Numerous start-ups have been emerging in the solid state power controller market, bringing about recent developments that are shaping the solid-state power controller market's future trends.
Three solid-state drive (SSD) controllers were unveiled by start-up InnoGrit, one of which has a neural network accelerator built-in for data centres. They enter a crowded market with claims of dominance and competitive advantages.
As NAND flash prices appear to be bottoming out, the chips become available.
In order to continue the transition away from hard disc storage in laptops and servers that require performance, power, or size advantages, OEMs and data centres are anticipated to take advantage of the lower prices.
Many companies are putting an emphasis on organic growth strategies, including product approvals, product launches, and others like patents and events.
Acquisitions and partnerships & collaborations are a couple of examples of inorganic growth strategies that are observed in the solid-state power controller market.
These actions have made it possible for market participants to upsurge their clientele and augment the solid-state power controller market share.
With the increasing demand for Aircraft Electrical Solid-State Power Controller (SSPC) in the global market, players in the solid-state power controller market are anticipated to benefit from lucrative growth opportunities in the future.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 13.7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Application, Region |
| Regions Covered | North America; Latin America; Asia Pacific; The Middle East and Africa; Europe |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Data Device Corp.; Eurotherm; Carlo Gavazzi; Jiangsu Modun Electric; Spang Power Electronics; Teltech; ABB; General Electric; ON Semiconductor; STMicroelectronics; Texas Instruments |
| Customization | Available Upon Request |
Table 01: Global Solid State Power Controller Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 02: Global Solid State Power Controller Market Volume (Units) Forecast by Region, 2017-2032
Table 03: Global Solid State Power Controller Market Value (US$ Mn) Forecast by Product Type, 2017-2032
Table 04: Global Solid State Power Controller Market Volume (Units) Forecast by Product Type, 2017-2032
Table 05: Global Solid State Power Controller Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 06: Global Solid State Power Controller Market Volume (Units) Forecast by Application, 2017-2032
Table 07: North America Solid State Power Controller Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 08: North America Solid State Power Controller Market Volume (Units) Forecast by Country, 2017-2032
Table 09: North America Solid State Power Controller Market Value (US$ Mn) Forecast by Product Type, 2017-2032
Table 10: North America Solid State Power Controller Market Volume (Units) Forecast by Product Type, 2017-2032
Table 11: North America Solid State Power Controller Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 12: North America Solid State Power Controller Market Volume (Units) Forecast by Application, 2017-2032
Table 13: Latin America Solid State Power Controller Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 14: Latin America Solid State Power Controller Market Volume (Units) Forecast by Country, 2017-2032
Table 15: Latin America Solid State Power Controller Market Value (US$ Mn) Forecast by Product Type, 2017-2032
Table 16: Latin America Solid State Power Controller Market Volume (Units) Forecast by Product Type, 2017-2032
Table 17: Latin America Solid State Power Controller Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 18: Latin America Solid State Power Controller Market Volume (Units) Forecast by Application, 2017-2032
Table 19: Europe Solid State Power Controller Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 20: Europe Solid State Power Controller Market Volume (Units) Forecast by Country, 2017-2032
Table 21: Europe Solid State Power Controller Market Value (US$ Mn) Forecast by Product Type, 2017-2032
Table 22: Europe Solid State Power Controller Market Volume (Units) Forecast by Product Type, 2017-2032
Table 23: Europe Solid State Power Controller Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 24: Europe Solid State Power Controller Market Volume (Units) Forecast by Application, 2017-2032
Table 25: Asia Pacific Solid State Power Controller Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 26: Asia Pacific Solid State Power Controller Market Volume (Units) Forecast by Country, 2017-2032
Table 27: Asia Pacific Solid State Power Controller Market Value (US$ Mn) Forecast by Product Type, 2017-2032
Table 28: Asia Pacific Solid State Power Controller Market Volume (Units) Forecast by Product Type, 2017-2032
Table 29: Asia Pacific Solid State Power Controller Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 30: Asia Pacific Solid State Power Controller Market Volume (Units) Forecast by Application, 2017-2032
Table 31: MEA Solid State Power Controller Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 32: MEA Solid State Power Controller Market Volume (Units) Forecast by Country, 2017-2032
Table 33: MEA Solid State Power Controller Market Value (US$ Mn) Forecast by Product Type, 2017-2032
Table 34: MEA Solid State Power Controller Market Volume (Units) Forecast by Product Type, 2017-2032
Table 35: MEA Solid State Power Controller Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 36: MEA Solid State Power Controller Market Volume (Units) Forecast by Application, 2017-2032
Figure 01: Global Solid State Power Controller Market Value (US$ Mn) by Product Type, 2022-2032
Figure 02: Global Solid State Power Controller Market Value (US$ Mn) by Application, 2022-2032
Figure 03: Global Solid State Power Controller Market Value (US$ Mn) by Region, 2022-2032
Figure 04: Global Solid State Power Controller Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 05: Global Solid State Power Controller Market Volume (Units) Analysis by Region, 2017-2032
Figure 06: Global Solid State Power Controller Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 07: Global Solid State Power Controller Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 08: Global Solid State Power Controller Market Value (US$ Mn) Analysis by Product Type, 2017-2032
Figure 09: Global Solid State Power Controller Market Volume (Units) Analysis by Product Type, 2017-2032
Figure 10: Global Solid State Power Controller Market Value Share (%) and BPS Analysis by Product Type, 2022-2032
Figure 11: Global Solid State Power Controller Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032
Figure 12: Global Solid State Power Controller Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 13: Global Solid State Power Controller Market Volume (Units) Analysis by Application, 2017-2032
Figure 14: Global Solid State Power Controller Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 15: Global Solid State Power Controller Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 16: Global Solid State Power Controller Market Attractiveness by Product Type, 2022-2032
Figure 17: Global Solid State Power Controller Market Attractiveness by Application, 2022-2032
Figure 18: Global Solid State Power Controller Market Attractiveness by Region, 2022-2032
Figure 19: North America Solid State Power Controller Market Value (US$ Mn) by Product Type, 2022-2032
Figure 20: North America Solid State Power Controller Market Value (US$ Mn) by Application, 2022-2032
Figure 21: North America Solid State Power Controller Market Value (US$ Mn) by Country, 2022-2032
Figure 22: North America Solid State Power Controller Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 23: North America Solid State Power Controller Market Volume (Units) Analysis by Country, 2017-2032
Figure 24: North America Solid State Power Controller Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 25: North America Solid State Power Controller Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 26: North America Solid State Power Controller Market Value (US$ Mn) Analysis by Product Type, 2017-2032
Figure 27: North America Solid State Power Controller Market Volume (Units) Analysis by Product Type, 2017-2032
Figure 28: North America Solid State Power Controller Market Value Share (%) and BPS Analysis by Product Type, 2022-2032
Figure 29: North America Solid State Power Controller Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032
Figure 30: North America Solid State Power Controller Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 31: North America Solid State Power Controller Market Volume (Units) Analysis by Application, 2017-2032
Figure 32: North America Solid State Power Controller Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 33: North America Solid State Power Controller Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 34: North America Solid State Power Controller Market Attractiveness by Product Type, 2022-2032
Figure 35: North America Solid State Power Controller Market Attractiveness by Application, 2022-2032
Figure 36: North America Solid State Power Controller Market Attractiveness by Country, 2022-2032
Figure 37: Latin America Solid State Power Controller Market Value (US$ Mn) by Product Type, 2022-2032
Figure 38: Latin America Solid State Power Controller Market Value (US$ Mn) by Application, 2022-2032
Figure 39: Latin America Solid State Power Controller Market Value (US$ Mn) by Country, 2022-2032
Figure 40: Latin America Solid State Power Controller Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 41: Latin America Solid State Power Controller Market Volume (Units) Analysis by Country, 2017-2032
Figure 42: Latin America Solid State Power Controller Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 43: Latin America Solid State Power Controller Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 44: Latin America Solid State Power Controller Market Value (US$ Mn) Analysis by Product Type, 2017-2032
Figure 45: Latin America Solid State Power Controller Market Volume (Units) Analysis by Product Type, 2017-2032
Figure 46: Latin America Solid State Power Controller Market Value Share (%) and BPS Analysis by Product Type, 2022-2032
Figure 47: Latin America Solid State Power Controller Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032
Figure 48: Latin America Solid State Power Controller Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 49: Latin America Solid State Power Controller Market Volume (Units) Analysis by Application, 2017-2032
Figure 50: Latin America Solid State Power Controller Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 51: Latin America Solid State Power Controller Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 52: Latin America Solid State Power Controller Market Attractiveness by Product Type, 2022-2032
Figure 53: Latin America Solid State Power Controller Market Attractiveness by Application, 2022-2032
Figure 54: Latin America Solid State Power Controller Market Attractiveness by Country, 2022-2032
Figure 55: Europe Solid State Power Controller Market Value (US$ Mn) by Product Type, 2022-2032
Figure 56: Europe Solid State Power Controller Market Value (US$ Mn) by Application, 2022-2032
Figure 57: Europe Solid State Power Controller Market Value (US$ Mn) by Country, 2022-2032
Figure 58: Europe Solid State Power Controller Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 59: Europe Solid State Power Controller Market Volume (Units) Analysis by Country, 2017-2032
Figure 60: Europe Solid State Power Controller Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 61: Europe Solid State Power Controller Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 62: Europe Solid State Power Controller Market Value (US$ Mn) Analysis by Product Type, 2017-2032
Figure 63: Europe Solid State Power Controller Market Volume (Units) Analysis by Product Type, 2017-2032
Figure 64: Europe Solid State Power Controller Market Value Share (%) and BPS Analysis by Product Type, 2022-2032
Figure 65: Europe Solid State Power Controller Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032
Figure 66: Europe Solid State Power Controller Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 67: Europe Solid State Power Controller Market Volume (Units) Analysis by Application, 2017-2032
Figure 68: Europe Solid State Power Controller Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 69: Europe Solid State Power Controller Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 70: Europe Solid State Power Controller Market Attractiveness by Product Type, 2022-2032
Figure 71: Europe Solid State Power Controller Market Attractiveness by Application, 2022-2032
Figure 72: Europe Solid State Power Controller Market Attractiveness by Country, 2022-2032
Figure 73: Asia Pacific Solid State Power Controller Market Value (US$ Mn) by Product Type, 2022-2032
Figure 74: Asia Pacific Solid State Power Controller Market Value (US$ Mn) by Application, 2022-2032
Figure 75: Asia Pacific Solid State Power Controller Market Value (US$ Mn) by Country, 2022-2032
Figure 76: Asia Pacific Solid State Power Controller Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 77: Asia Pacific Solid State Power Controller Market Volume (Units) Analysis by Country, 2017-2032
Figure 78: Asia Pacific Solid State Power Controller Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 79: Asia Pacific Solid State Power Controller Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 80: Asia Pacific Solid State Power Controller Market Value (US$ Mn) Analysis by Product Type, 2017-2032
Figure 81: Asia Pacific Solid State Power Controller Market Volume (Units) Analysis by Product Type, 2017-2032
Figure 82: Asia Pacific Solid State Power Controller Market Value Share (%) and BPS Analysis by Product Type, 2022-2032
Figure 83: Asia Pacific Solid State Power Controller Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032
Figure 84: Asia Pacific Solid State Power Controller Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 85: Asia Pacific Solid State Power Controller Market Volume (Units) Analysis by Application, 2017-2032
Figure 86: Asia Pacific Solid State Power Controller Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 87: Asia Pacific Solid State Power Controller Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 88: Asia Pacific Solid State Power Controller Market Attractiveness by Product Type, 2022-2032
Figure 89: Asia Pacific Solid State Power Controller Market Attractiveness by Application, 2022-2032
Figure 90: Asia Pacific Solid State Power Controller Market Attractiveness by Country, 2022-2032
Figure 91: MEA Solid State Power Controller Market Value (US$ Mn) by Product Type, 2022-2032
Figure 92: MEA Solid State Power Controller Market Value (US$ Mn) by Application, 2022-2032
Figure 93: MEA Solid State Power Controller Market Value (US$ Mn) by Country, 2022-2032
Figure 94: MEA Solid State Power Controller Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 95: MEA Solid State Power Controller Market Volume (Units) Analysis by Country, 2017-2032
Figure 96: MEA Solid State Power Controller Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 97: MEA Solid State Power Controller Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 98: MEA Solid State Power Controller Market Value (US$ Mn) Analysis by Product Type, 2017-2032
Figure 99: MEA Solid State Power Controller Market Volume (Units) Analysis by Product Type, 2017-2032
Figure 100: MEA Solid State Power Controller Market Value Share (%) and BPS Analysis by Product Type, 2022-2032
Figure 101: MEA Solid State Power Controller Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032
Figure 102: MEA Solid State Power Controller Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 103: MEA Solid State Power Controller Market Volume (Units) Analysis by Application, 2017-2032
Figure 104: MEA Solid State Power Controller Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 105: MEA Solid State Power Controller Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 106: MEA Solid State Power Controller Market Attractiveness by Product Type, 2022-2032
Figure 107: MEA Solid State Power Controller Market Attractiveness by Application, 2022-2032
Figure 108: MEA Solid State Power Controller Market Attractiveness by Country, 2022-2032
The global solid state power controller market is set to advance at a CAGR of 13.7% (2022 to 2032).
North America is likely to hold a solid state power controller market share of 31.8% in 2022.
Solid state power controller market is anticipated to account for about USD 5,646.9 million by 2032.
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