India Power Management IC Market 2030: Trends, Size, Share & Forecast to 2030

Industryresearch

Jul 17, 2025 - 09:21

Industry Key Highlights

According to TechSci Research report, “India Power Management IC Market – By Region, Competition, Forecast and Opportunities, 2020-2030F”, India Power Management IC Market was valued at USD 4.27 Billion in 2024 and is expected to reach USD 7.67 Billion by 2030 with a CAGR of 10.10% during the forecast period.This remarkable growth trajectory is a result of the rising integration of PMICs across sectors such as consumer electronics, automotive, renewable energy, telecommunications, and industrial automation.

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Power Management Integrated Circuits are the heartbeat of modern electronic devices. They perform vital functions like voltage regulation, battery charging, energy distribution, and thermal management. Their critical role in ensuring operational efficiency, longer battery life, and device reliability has placed them at the center of India’s digital and technological evolution.

The ongoing digital revolution in India, driven by mass mobile phone adoption, smart appliances, wearable gadgets, and connected homes, has significantly boosted demand for PMICs. These tiny yet powerful components are enabling the seamless transition to smaller, smarter, and more energy-efficient technologies.

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Emerging Trends in the India Power Management IC Market

1. Integration with IoT and Smart Devices

The rise of the Internet of Things (IoT) has led to a demand for ultra-low-power PMICs that can operate continuously on minimal energy. Smart meters, connected health monitors, intelligent lighting, and smart city infrastructure all depend on efficient power regulation for optimal performance.

2. Electric Vehicle (EV) Expansion

India’s aggressive EV adoption policies and incentives are generating robust opportunities for PMIC manufacturers. Electric vehicles require advanced battery management systems (BMS) to regulate voltage, optimize charging cycles, and prevent thermal runaway, all of which are enabled by PMICs.

3. Miniaturization and System-on-Chip (SoC) Development

With consumer electronics becoming increasingly compact, there’s a growing trend toward highly integrated PMICs that reduce component count and save board space. SoCs embedded with PMIC functionalities are becoming a preferred solution for space-constrained applications.

4. Energy Harvesting and Renewable Integration

As solar and wind power adoption accelerates, energy-efficient PMICs are being deployed to convert and regulate harvested energy. These ICs are becoming central to smart energy systems that aim to reduce dependency on non-renewable sources.

5. Smart Healthcare Devices

From portable ECGs to wearable fitness trackers, medical-grade devices are increasingly relying on PMICs for longer battery life, enhanced safety, and compact design. As India’s healthcare technology sector booms, so does the need for dependable power solutions.

Key Market Drivers

1. Explosive Growth in Consumer Electronics

India’s expanding middle class and higher disposable incomes are fueling an insatiable demand for smartphones, laptops, wearables, and home automation devices. PMICs are essential in these devices, providing energy efficiency, protection from power surges, and prolonged battery life.

2. Government Push for Electrification and Digitalization

Initiatives such as Digital India, Make in India, and the National Electric Mobility Mission are encouraging local manufacturing and adoption of technology. These policies foster demand for power-efficient electronics powered by PMICs.

3. Renewable Energy Infrastructure Growth

India’s commitment to increasing its renewable energy capacity has spurred demand for energy management systems where PMICs play a pivotal role. From solar inverters to storage systems, power regulation is critical to ensure uninterrupted and optimized performance.

4. Industrial Automation and Smart Manufacturing

With Industry 4.0 initiatives gaining momentum, manufacturing units across India are automating processes. Robots, PLCs, and industrial sensors require efficient power regulation, which is facilitated by PMICs tailored for industrial environments.

5. 5G and Telecom Expansion

The rollout of 5G in India is set to escalate the demand for power-efficient base stations, signal processing devices, and network infrastructure—all of which rely heavily on PMICs for performance optimization and thermal control.

Competitive Analysis

The Indian PMIC market is marked by fierce competition and constant innovation. Market leaders and emerging players are investing in R&D to deliver smarter, more compact, and cost-effective solutions. Leading global semiconductor firms dominate the landscape, with increasing collaboration with Indian manufacturers for localization and faster delivery.

Major companies operating in the India Power Management IC Market are:

Texas Instruments Inc.
Analog Devices, Inc.
Infineon Technologies AG
Qualcomm Incorporated
STMicroelectronics N.V.
NXP Semiconductors N.V.
Broadcom Inc.
Microchip Technology Incorporated

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Regional Insights: North India Leading the Growth Charge

North India has emerged as the fastest-growing region in the PMIC market, propelled by strong consumer electronics uptake, robust EV adoption, and growing renewable energy investments. Cities like Delhi, Chandigarh, and Jaipur are witnessing a boom in smart device consumption, leading to increased demand for power-efficient solutions.

The region’s proactive policies supporting electric vehicles—especially in Haryana and Uttar Pradesh—are catalyzing the deployment of PMICs in vehicle battery systems, BMS, and onboard electronics. Moreover, solar and wind energy projects in Rajasthan, Punjab, and UP are generating demand for power-efficient energy conversion systems, where PMICs are indispensable.

Additionally, the adoption of IoT across agriculture, healthcare, and smart cities in North India is further fueling the demand for low-power PMICs, reinforcing the region’s leadership position in the market.