# Power Management Integrated Circuit (PMIC) Market is projected to grow at 6.4% During 2021-2028
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-10-12
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Power Management Integrated Circuit (PMIC) Market Analysis 2019
Meta Description: Discover insights on the power management integrated circuit (PMIC) market, projected growth trends, key factors driving demand, and the leading players
URL: https://financedigest.com/power-management-integrated-circuit-pmic-market-is-projected-to-grow-at-6-4-during-2021-2028html

**[Power management integrated circuit (PMIC) market](https://www.futuremarketinsights.com/reports/power-management-integrated-circuit-market)** surpassed value worth US$ 20.9 billion in 2018, as per a new FMI study. The market is projected to grow at 6.4% y-o-y in 2019 and key factors responsible for the projected growth of the market include,

- Rising sales of smart devices across the globe
- Growing energy harvesting initiatives
- Introduction of compact and high-efficiency PMICs
- Ongoing industrial automation and vehicle electrification

The FMI study finds that demand [for power management](https://www.financedigest.com/national-world-launches-new-ad-manager-platform-powered-by-danads-empowering-businesses-to-take-control-of-their-advertising.html "National World launches new ad manager platform, powered by DanAds, empowering businesses to take control of their advertising") integrated circuit (PMIC) in communication equipment application is projected to grow at a higher rate. In 2019, PMIC application in communication equipment is [expected to grow](https://www.financedigest.com/wine-cooler-market-will-reach-valuation-of-us-2-bn-by-2018-and-is-expected-to-grow-at-cagr-5-6-for-2019-2029.html "Wine Cooler Market will reach valuation of US$ 2 Bn by 2018 and is expected to grow at CAGR ~ 5.6% for 2019–2029") at 8.5% y-o-y. The projected growth can be attributed to buoyancy in the telecommunication industry owing to increasing demand for connectivity and adoption of communication equipment starting from analogue switches to smartphones to communication satellites.

**To Get Sample Copy of Report visit @ [https://www.futuremarketinsights.com/reports/sample/rep-gb-4367](https://www.futuremarketinsights.com/reports/sample/rep-gb-4367)**

**Personal Electronics Application Registers Leading Revenues**

The FMI study finds that [demand for power management](https://www.financedigest.com/fineco-ceo-expects-fixed-income-demand-to-help-managed-assets.html "Fineco CEO expects fixed income demand to help managed assets") integrated circuit (PMIC) remains higher in personal electronics devices. In 2018, sales of power management integrated circuit garnered revenues [worth over US$ 5.7 billion](https://www.financedigest.com/why-a-quiet-revolution-in-the-cloud-is-worth-billions.html "Why A Quiet Revolution In The Cloud Is Worth Billions") in 2018 and held 27% of the global PMIC market share. The demand trend in personal electronics application is [expected to continue in 2019 at the rate](https://www.financedigest.com/dollar-slips-before-expected-fed-rate-hike.html "Dollar slips before expected Fed rate hike") of 6.6% y-o-y.

A plethora of personal electronics devices and their [rising adoption rate](https://www.financedigest.com/ecb-governors-see-rising-risk-of-rate-hitting-2-to-curb-inflation-sources.html "ECB governors see rising risk of rate hitting 2% to curb inflation – sources") in the wake of increasing millennial population, expansion of middle class and increased purchase capacity are factors responsible for the increasing demand for power management integrated circuit (PMIC) in personal electronics application. In addition, manufacturers in the [consumer electronics industry highly utilize PMIC to optimize energy](https://www.financedigest.com/uk-consumer-mood-sinks-to-new-depths-despite-energy-bills-help.html "UK consumer mood sinks to new depths despite energy bills help") consumption in compact devices.

[Industrial application of power management](https://www.financedigest.com/senior-managers-regime-what-does-it-mean-for-the-industry.html "SENIOR MANAGERS REGIME – WHAT DOES IT MEAN FOR THE INDUSTRY?") integrated circuit (PMIC) registered second highest revenues and accounted for over one-fifth of the market revenues in 2018. Demand for power management integrated circuit (PMIC) in an automotive sector closely follows revenues in industrial application.

**PMIC Marketplace Moderately Consolidated**

Leading players in the power management integrated circuit (PMIC) marketplace share considerable revenues. Texas Instruments, STMicroelectronics, NXP Semiconductors N.V., ON Semiconductor Corporation and Analog Devices, Inc. are prominent market players, of which ON Semiconductor is the front runner.

Small and mid-sized players are leveraging strategies such as introduction of low-priced products to establish a stronghold in the domestic market. Increasing revenues of these players are eating into the shares of prominent PMIC market players.

**Ask More About This Report@ [https://www.futuremarketinsights.com/ask-question/rep-gb-4367](https://www.futuremarketinsights.com/ask-question/rep-gb-4367)**

**APEJ Revenues Continue to Surge**

The FMI study finds that APEJ [continues to register leading position in the power management](https://www.financedigest.com/uk-to-manage-water-resources-carefully-as-drought-continues.html "UK to manage water resources carefully as drought continues") integrated circuit (PMIC) market. In 2018, over two-fifth of the PMIC market revenues were accounted for APEJ region, of which over 67% [share was registered from China](https://www.financedigest.com/european-shares-rally-as-china-stimulus-lifts-recovery-hopes.html "European shares rally as China stimulus lifts recovery hopes") and India.

The [region presents significant growth of the end-user industries of the power](https://www.financedigest.com/danich-local-and-regional-banks-launch-mobile-wallet-powered-by-nets-new-hce-and-tokenisation-platform.html "DANICH LOCAL AND REGIONAL BANKS LAUNCH MOBILE WALLET POWERED BY NET’S NEW HCE AND TOKENISATION PLATFORM") management integrated circuit (PMIC) market, thereby garnering leading revenues.

The [FMI study finds that North America continues to register the second leading position in the power](https://www.financedigest.com/power-tools-market-to-surpass-us-33-36-bn-in-2021-as-preference-for-cordless-and-sustainable-power-tools-grows-across-diverse-industries-fmi.html "Power Tools Market to Surpass US$ 33.36 Bn in 2021 as Preference for Cordless and Sustainable Power Tools Grows across Diverse Industries: FMI ") management integrated circuit (PMIC) market. In 2018, over one-fourth of the PMIC [market revenues](https://www.financedigest.com/ceramic-and-porcelain-tiles-market-projected-to-garner-significant-revenues-by-2024.html "Ceramic and Porcelain Tiles Market Projected to Garner Significant Revenues by 2024") were accounted for the North America region, of which over 81% share was registered from the U.S.

Across the globe, increasing [energy harvesting initiatives and their penetration in the semiconductor industry has generated lucrative opportunities for power](https://www.financedigest.com/france-strains-to-avert-power-cuts-as-cold-snap-tests-europes-energy-resolve.html "France strains to avert power cuts as cold snap tests Europe’s energy resolve") management integrated circuit (PMIC) market. As the global [demand for electricity rises and the world enters the era of IoT and digitalization](https://www.financedigest.com/veraviews-welcomes-hoopla-digital-as-a-demand-partner.html "VeraViews Welcomes Hoopla Digital as a Demand Partner"), demand for power management integrated circuit (PMIC) is set to rise in the coming years.

_The FMI report tracks the power management integrated circuit (PMIC) [market for the period](https://www.financedigest.com/air-transport-mro-market-to-reach-us-72-6-bn-in-2021-is-poised-to-exhibit-a-4-8-cagr-during-the-assessment-period-2021-2031.html "Air Transport MRO Market to reach US$ 72.6 Bn in 2021, is poised to exhibit a 4.8% CAGR during the assessment period 2021 – 2031") 2018-2028. According to the report, the power management integrated circuit (PMIC) [market is projected to grow](https://www.financedigest.com/how-marketing-helps-law-firms-grow.html "How Marketing Helps Law Firms Grow") at 7.9% CAGR through 2028._

**About FMI**

[Future Market Insights](https://www.financedigest.com/power-tools-market-worth-us-51-2-billion-by-2032-exclusive-report-by-future-market-insights-inc.html "Power Tools Market Worth US$ 51.2 Billion by 2032 – Exclusive Report by Future Market Insights, Inc.") (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. [FMI](https://www.futuremarketinsights.com/) is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest [market research reports](https://www.futuremarketinsights.com/) and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated [market research reports deliver actionable insights that drive](https://www.financedigest.com/variable-frequency-drive-vfd-market-is-poised-to-grow-at-a-value-cagr-exceeding-5-through-2031.html "Variable Frequency Drive (VFD) Market is poised to grow at a value CAGR exceeding 5% through 2031") sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients [prepare for the evolving needs](https://www.financedigest.com/what-banks-need-to-prepare-for-eba-pillar3-disclosure-of-esg-risks.html "What Banks Need to Prepare for EBA Pillar3 Disclosure of ESG Risks") of their consumers.

**Contact**

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: [sales@futuremarketinsights.com](mailto:sales@futuremarketinsights.com)

For Media Enquiries: [press@futuremarketinsights.com](mailto:press@futuremarketinsights.com)

Website: [https://www.futuremarketinsights.com](https://www.futuremarketinsights.com/)

The post [Power Management Integrated Circuit (PMIC) Market is projected to grow at 6.4% During 2021-2028](https://industrynewsanalysis.com/power-management-integrated-circuit-pmic-market-is-projected-to-grow-at-6-4-during-2021-2028/) appeared first on [Industry News Analsis](https://industrynewsanalysis.com).


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---