Power Management IC Market Size, Share & Trends Analysis growing at a CAGR of 6.8% from 2025 to 2030
The global power management ic market size was estimated at USD 40,293.8 million in 2024 and is projected to reach USD 59,631.0 million by 2030, growing at a CAGR of 6.8% from 2025 to 2030. Power management integrated circuits (PMICs) are essential components in electronic devices that efficiently manage and control the flow of electrical power.
Key Market Trends & Insights
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Japan is expected to register the highest CAGR from 2025 to 2030.
- In terms of segment, switching regulators accounted for a revenue of USD 8,973.0 million in 2024.
- Switching Regulators is the most lucrative product segment registering the fastest growth during the forecast period.
Market Size & Forecast
- 2024 Market Size: USD 40,293.8 Million
- 2030 Projected Market Size: USD 59,631.0 Million
- CAGR (2025-2030): 6.8%
- Asia Pacific: Largest market in 2024
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They play a crucial role in optimizing battery life, improving device performance, and ensuring safe operation. PMICs are used in a wide range of applications, including smartphones, laptops, tablets, wearable devices, automotive electronics, industrial equipment, and consumer appliances.
The power management integrated circuit market is experiencing rapid growth due to several key trends. The demand for smaller, more portable electronic devices has driven the development of PMICs with reduced form factors and increased integration. As electronic systems become more complex, PMICs are required to handle diverse power requirements and provide advanced features such as fast charging and battery management. The growing focus on energy efficiency has led to the development of PMICs with higher efficiency and lower power consumption. In addition, the proliferation of IoT devices and the rapid growth of the EV market have created significant demand for PMICs to power various components and manage complex power requirements.
The power management IC market is subject to various regulations, including energy efficiency, safety, and electromagnetic compatibility (EMC). Manufacturers must ensure their products comply with these regulations to obtain market access. The Energy Star program sets energy efficiency standards for electronic products, including those using PMICs. Safety standards are essential to prevent electrical hazards, and organizations like UL and TÜV provide safety certifications. To minimize electromagnetic interference and ensure compatibility, PMICs must adhere to EMC standards governed by international standards like IEC 61000.
