The global low voltage driver market is projected to grow at a 7.00% CAGR from 2025 to 2032, driven by energy efficiency, smart technologies, and sustainability trends. Key players like Schneider Electric, ABB, and Siemens are developing advanced solutions integrating IoT, AI, and energy-saving features. The market is expected to surpass USD 10 billion by 2032, with growth fueled by smart infrastructure, digitalization, and demand for energy-efficient lighting systems.

This week's chip industry update highlights new tariffs, major deals like Samsung's $16.5B Tesla AI chip contract, AI funding rounds, and acquisitions. Key topics include semiconductor regulations, AI advancements, and industry reports on chip design, manufacturing, and quantum technologies.

HTF Market Intelligence released a comprehensive analysis of the global LV and MV switchgear market, projecting a 5.5% CAGR from 2025 to 2032, with USD 84.5 Billion in 2025 expected to grow to USD 129.7 Billion by 2032. The report highlights key players like ABB, Siemens, Eaton, and Schneider Electric, market segments by type (Air Insulated, Gas Insulated, etc.) and application (Power Distribution, Industrial, etc.), and trends including IoT integration, gas-insulated adoption, and remote monitoring. The Asia Pacific region is dominant, while Middle East & Africa is the fastest-growing. Challenges include high initial costs and raw material volatility, with opportunities in renewables and infrastructure upgrades.

The global Automotive Motor Driver IC Market is projected to grow from $553 million in 2024 to $868 million by 2032, driven by the rise of electric vehicles and stringent emissions regulations. Key segments include Permanent Magnet Synchronous Motor Driver ICs, with major players like Infineon Technologies and STMicroelectronics expanding their portfolios to meet increasing demand for advanced motor control solutions.

HTF MI released a comprehensive Global EV Relay Market Study projecting the market to grow from $1.0B in 2025 to $3.0B by 2033 at a 15% CAGR. The report segments the market by type (Component, Automotive), application (Electric Vehicles, Automotive, Energy Storage, Power Systems, Transportation), and geography (North America, Asia Pacific, etc.). Key players include Panasonic, Eaton, TE Connectivity, and others. The analysis includes five forces and PESTLE factors influencing the market.