
Global Semiconductor Power Conversion Apparatus Market Insights, Size, and Forecast By End Use (Residential, Commercial, Industrial), By Application (Telecommunications, Consumer Electronics, Industrial Automation, Renewable Energy, Automotive), By Technology (Silicon-based, Gallium Nitride, Silicon Carbide, Integrated Circuit Technology, Hybrid Technology), By Type (AC-DC Converters, DC-DC Converters, DC-AC Inverters, Power Factor Correction Apparatus, UPS Systems), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035
Key Market Insights
Global Semiconductor Power Conversion Apparatus Market is projected to grow from USD 95.8 Billion in 2025 to USD 182.3 Billion by 2035, reflecting a compound annual growth rate of 8.7% from 2026 through 2035. This market encompasses a wide range of semiconductor based devices and systems designed to efficiently convert electrical power from one form to another, critical for optimizing energy usage and ensuring stable operation across various electronic applications. Key market drivers include the accelerating demand for energy efficient solutions across industries, the proliferation of Internet of Things IoT devices, and the continuous expansion of renewable energy infrastructure. The increasing adoption of electric vehicles EVs and advanced consumer electronics further fuels market expansion, necessitating sophisticated power management integrated circuits PMICs and power modules. Furthermore, stringent global regulations promoting energy conservation and reducing carbon emissions are compelling industries to upgrade to more efficient power conversion apparatus, thereby bolstering market growth. The market is segmented by Application, Type, Technology, and End Use, indicating its diverse utility and technical depth.
Global Semiconductor Power Conversion Apparatus Market Value (USD Billion) Analysis, 2025-2035

2025 - 2035
www.makdatainsights.com
An important trend shaping the market is the ongoing miniaturization of power conversion components, enabling higher power density and reduced form factors for a wide array of devices. The rise of wide bandgap WB semiconductor materials like Silicon Carbide SiC and Gallium Nitride GaN is revolutionizing power conversion, offering superior efficiency, higher switching frequencies, and enhanced thermal performance compared to traditional silicon based devices. This technological shift is particularly impactful in high power applications such as data centers, industrial power supplies, and EV charging infrastructure. However, the market faces restraints such as the complex design challenges associated with high frequency power conversion and the significant upfront investment required for adopting advanced semiconductor manufacturing processes. Supply chain disruptions and the inherent volatility in raw material prices also pose challenges to consistent market growth. Despite these hurdles, significant opportunities lie in the development of intelligent power management systems leveraging artificial intelligence AI and machine learning ML for predictive maintenance and optimized energy utilization, as well as the burgeoning market for smart grid infrastructure.
Asia Pacific stands as the dominant region in the global semiconductor power conversion apparatus market, driven by its robust manufacturing base, burgeoning electronics industry, and rapid industrialization. The region's extensive investment in renewable energy projects and its large consumer electronics market are key contributors to its leading position. Moreover, Asia Pacific is projected to be the fastest growing region, fueled by increasing government support for indigenous semiconductor production, growing penetration of electric vehicles, and expanding data center infrastructure across countries like China, India, and South Korea. Key players like Maxim Integrated, Microchip Technology, Analog Devices, NXP Semiconductors, Infineon Technologies, Renesas Electronics, Linear Technology, Texas Instruments, Vishay Intertechnology, and STMicroelectronics are strategically focusing on research and development to introduce innovative and energy efficient products. Their strategies include strategic partnerships, mergers and acquisitions to expand product portfolios and regional reach, and investing heavily in advanced materials and packaging technologies to maintain a competitive edge in this dynamic market. AC-DC Converters represent the leading product segment, reflecting their foundational role in nearly all electronic devices.
Quick Stats
Market Size (2025):
USD 95.8 BillionProjected Market Size (2035):
USD 182.3 BillionLeading Segment:
AC-DC Converters (42.5% Share)Dominant Region (2025):
Asia Pacific (45.8% Share)CAGR (2026-2035):
8.7%
Global Semiconductor Power Conversion Apparatus Market Emerging Trends and Insights
AI Edge Power Optimization
AI Edge Power Optimization is a critical trend driven by the proliferation of artificial intelligence at the network's edge. As AI moves from cloud data centers to on device applications like autonomous vehicles, smart cameras, and IoT sensors, the demand for efficient power conversion apparatus intensifies. These edge devices typically operate with limited battery capacities and often in remote environments, making every milliwatt count. The trend focuses on developing power converters that are highly efficient, compact, and capable of dynamically adapting power delivery to AI workloads. This includes advancements in GaN and SiC based converters, intelligent power management ICs, and innovative topologies that minimize energy loss during power conversion, directly extending battery life and reducing heat generation for these power constrained AI enabled edge devices.
SiC GaN Integration Surge
Silicon carbide and gallium nitride integration is rapidly transforming power conversion. This surge reflects a critical need for enhanced efficiency and miniaturization in devices. Traditional silicon is reaching its physical limits for high power, high frequency applications. SiC and GaN devices inherently offer superior switching speeds, lower power losses, and the ability to operate at higher temperatures. Integrating these wide bandgap materials directly within a single package or circuit leverages their respective strengths. This allows for more compact, lighter, and cooler running power supplies, inverters, and converters across various sectors. The trend signifies a move towards hybrid or monolithic solutions that optimize performance, reduce component count, and simplify manufacturing, driving significant advancements in power management capabilities.
Modular Power Solutions
Modular power solutions are gaining significant traction, reflecting a pivotal shift in the semiconductor industry's approach to power delivery. This trend emphasizes the design and implementation of power conversion apparatus using standardized, interchangeable modules. Instead of monolithic systems, power supplies are built with independent units, each performing a specific function like AC to DC conversion or voltage regulation.
This modularity offers substantial advantages. It enables greater flexibility for system designers, allowing them to easily scale power capabilities up or down to meet evolving semiconductor device requirements without a complete redesign. Furthermore, it simplifies maintenance and upgrades; faulty modules can be quickly swapped out, minimizing downtime and extending equipment lifecycles. The focus is on adaptable, efficient, and readily customizable power architectures that can keep pace with rapid advancements in chip technology and diverse application needs. This approach supports faster development cycles and reduced total cost of ownership for power conversion infrastructure.
What are the Key Drivers Shaping the Global Semiconductor Power Conversion Apparatus Market
Electrification & Renewable Energy Integration
The global push towards Electrification & Renewable Energy Integration is a primary catalyst for growth in the semiconductor power conversion apparatus market. As the world transitions away from fossil fuels, there is an escalating demand for efficient power management across numerous applications. Electric vehicles require sophisticated converters for battery charging and motor control. Renewable energy sources like solar and wind necessitate advanced inverters and power conditioning systems to integrate seamlessly into grids. Furthermore, the expansion of smart grids, energy storage solutions, and data centers, all powered by clean energy, drives the need for high performance, reliable semiconductor based power conversion apparatus. This fundamental shift underscores a continuous demand for advanced power electronics.
Advanced Semiconductor Technology Adoption
The adoption of advanced semiconductor technology is a key driver in the global semiconductor power conversion apparatus market. As industries increasingly demand higher efficiency, smaller form factors, and improved performance in power management, new semiconductor materials and architectures become critical. Wide bandgap semiconductors like silicon carbide SiC and gallium nitride GaN are revolutionizing power converters by enabling faster switching speeds, reduced energy losses, and operation at higher temperatures. This allows for more compact and efficient power supplies in applications ranging from electric vehicles and renewable energy systems to data centers and consumer electronics. The continuous innovation and integration of these cutting edge semiconductor solutions are essential for meeting evolving power conversion demands and expanding market opportunities globally.
Industrial Automation & Smart Device Proliferation
Industrial automation and smart device proliferation significantly fuels the global semiconductor power conversion apparatus market. As industries increasingly adopt automation for efficiency and productivity, there's a surge in demand for power management integrated circuits, modules, and discrete semiconductors. Robots, automated guided vehicles, smart factory equipment, and process control systems all require precise and efficient power conversion to operate reliably. Concurrently, the explosion of smart devices across consumer and commercial sectors, from IoT sensors to connected appliances, similarly necessitates advanced power conversion solutions to manage diverse voltage requirements, optimize energy consumption, and extend battery life. These trends collectively drive innovation and demand for high performance, compact, and energy efficient power conversion apparatus.
Global Semiconductor Power Conversion Apparatus Market Restraints
Geopolitical Tensions and Supply Chain Disruptions
Geopolitical tensions significantly disrupt the Global Semiconductor Power Conversion Apparatus Market. Trade disputes, tariffs, and export restrictions imposed by various nations create substantial uncertainty for manufacturers and consumers alike. These tensions can lead to unexpected policy changes, making long term planning and investment challenging.
Concurrently, supply chain disruptions exacerbate these issues. Lockdowns, labor shortages, and logistical bottlenecks, often triggered or worsened by geopolitical events, impede the consistent flow of critical raw materials, components, and finished products. This results in increased lead times, higher production costs, and potential manufacturing delays. Furthermore, the concentration of certain manufacturing processes in specific regions makes the industry vulnerable to localized disruptions, affecting global supply. Such instability forces companies to re evaluate sourcing strategies and increases operational risks, ultimately restraining market growth and efficiency.
Intensified Competition from Regional Manufacturers
The Global Semiconductor Power Conversion Apparatus Market faces significant pressure from intensified competition originating from regional manufacturers. These companies, often benefiting from lower operational costs, proximity to local supply chains, and specialized knowledge of specific regional demands, can offer products at more competitive prices. Their focused strategies allow them to capture substantial market share within their respective regions, challenging the dominance of established global players. This local agility and cost advantage force global manufacturers to re evaluate their pricing strategies, innovate more rapidly, and enhance their distribution networks to maintain competitiveness. The presence of numerous regional entities fragments the market, making it harder for any single global manufacturer to achieve widespread market penetration and sustain high profit margins. This dynamic necessitates continuous adaptation and strategic investment from all participants.
Global Semiconductor Power Conversion Apparatus Market Opportunities
Accelerating Adoption of GaN and SiC for High-Efficiency, Compact Power Conversion in EV and Industrial Applications
The opportunity hinges on the accelerating global adoption of Gallium Nitride GaN and Silicon Carbide SiC semiconductors for high-efficiency, compact power conversion. These wide bandgap materials offer significant performance advantages over conventional silicon, enabling higher switching frequencies, lower energy losses, and superior thermal management.
For Electric Vehicles EV, this translates directly into extended range, faster charging capabilities, and reduced vehicle weight, addressing critical consumer demands. In industrial applications, the integration of GaN and SiC leads to more compact power supplies, efficient motor drives, and advanced renewable energy inverters. This advancement results in lower operational costs, enhanced system reliability, and crucial space savings. The rapid embrace of GaN and SiC is fueled by the growing necessity for superior power density and energy conservation across diverse high power requirements, fundamentally transforming energy management and system design globally.
Meeting the Demand for Robust, High-Power Density Conversion Apparatus in EV Charging Infrastructure and Renewable Energy Integration
The surging expansion of electric vehicle charging networks globally presents a significant opportunity for semiconductor power conversion apparatus. As EV adoption accelerates, the need for robust, high-power density solutions capable of rapid and efficient energy transfer becomes paramount. This encompasses advanced rectifiers and inverters crucial for Level 2 and DC fast charging stations, demanding exceptional reliability and smaller footprints.
Concurrently, the worldwide shift towards renewable energy sources like solar and wind power necessitates sophisticated power conversion systems for seamless grid integration and energy storage management. These applications require apparatus that can handle fluctuating inputs, optimize power flow, and maintain grid stability with exceptional efficiency and durability. Developing compact, highly efficient, and reliable semiconductor based converters, inverters, and rectifiers that meet these stringent requirements across both EV charging and renewable energy sectors unlocks substantial market growth, particularly in regions experiencing rapid infrastructure development. This opportunity centers on providing the foundational power electronics essential for a sustainable energy future.
Global Semiconductor Power Conversion Apparatus Market Segmentation Analysis
Key Market Segments
By Application
- •Telecommunications
- •Consumer Electronics
- •Industrial Automation
- •Renewable Energy
- •Automotive
By Type
- •AC-DC Converters
- •DC-DC Converters
- •DC-AC Inverters
- •Power Factor Correction Apparatus
- •UPS Systems
By Technology
- •Silicon-based
- •Gallium Nitride
- •Silicon Carbide
- •Integrated Circuit Technology
- •Hybrid Technology
By End Use
- •Residential
- •Commercial
- •Industrial
Segment Share By Application
Share, By Application, 2025 (%)
- Telecommunications
- Consumer Electronics
- Industrial Automation
- Renewable Energy
- Automotive

www.makdatainsights.com
Why are AC DC Converters dominating the Global Semiconductor Power Conversion Apparatus Market?
AC DC Converters hold a significant share due to their ubiquitous presence across nearly all electronic devices. From consumer electronics like smartphones and laptops to industrial machinery and telecommunications infrastructure, almost every piece of equipment that plugs into a standard wall outlet requires an AC to DC conversion for operation. This fundamental requirement drives their widespread adoption, making them an indispensable component for powering diverse applications across residential, commercial, and industrial end uses.
What key technological shifts are influencing the Semiconductor Power Conversion Apparatus Market?
The market is increasingly shaped by advanced material technologies such as Gallium Nitride GaN and Silicon Carbide SiC. While traditional Silicon based solutions remain prevalent, GaN and SiC offer superior efficiency, higher power density, and faster switching speeds. These benefits make them particularly attractive for demanding applications in automotive, renewable energy, and data centers, where minimizing energy loss and device size are critical performance factors.
How do application segments drive demand for diverse power conversion solutions?
Different application segments exhibit distinct power conversion needs. The automotive sector, for instance, drives demand for robust DC DC Converters and DC AC Inverters to support electric vehicles and onboard electronics, often leveraging SiC technology for efficiency. Telecommunications and industrial automation require highly reliable UPS Systems and Power Factor Correction Apparatus to ensure uninterrupted operation and energy optimization, spanning various converter types and technologies.
Global Semiconductor Power Conversion Apparatus Market Regulatory and Policy Environment Analysis
The global semiconductor power conversion apparatus market navigates a complex regulatory environment shaped by diverse governmental priorities. Energy efficiency mandates, such as the EU Ecodesign Directive and US ENERGY STAR programs, fundamentally influence product design and performance requirements worldwide, pushing for greater power density and reduced consumption. Environmental regulations like RoHS and REACH restrict hazardous substances, dictating material selection and manufacturing processes, ensuring compliance across international supply chains. Safety certifications from bodies like UL, CE, and IEC are paramount for market access and consumer protection, establishing crucial operational benchmarks. Furthermore, strategic industrial policies, including the US CHIPS Act and European Chips Act, offer significant subsidies and incentives to bolster domestic manufacturing and research and development capabilities, impacting investment flows and competitive dynamics. Export controls and trade tariffs also introduce geopolitical complexities, influencing global production footprints and market accessibility. This multifaceted regulatory framework necessitates constant adaptation and adherence for all market participants.
Which Emerging Technologies Are Driving New Trends in the Market?
The Global Semiconductor Power Conversion Apparatus market is experiencing robust expansion driven by continuous technological advancements. Innovations in wide bandgap semiconductors, particularly Silicon Carbide SiC and Gallium Nitride GaN, are paramount. These materials enable significantly higher power density, increased efficiency, and faster switching frequencies compared to traditional silicon, leading to smaller, lighter, and more reliable converters. Emerging technologies include advanced digital control mechanisms leveraging artificial intelligence and machine learning for predictive optimization and enhanced adaptive capabilities. We are seeing greater integration of power management units and modules, leading to highly compact and efficient solutions. Focus on improved thermal management via novel packaging techniques also drives innovation. These advancements are critical for meeting the demanding requirements of electric vehicles, renewable energy grid integration, industrial automation, and high efficiency data centers, all contributing to the market's dynamic growth trajectory. The push for miniaturization and enhanced performance remains a core innovation driver.
Global Semiconductor Power Conversion Apparatus Market Regional Analysis
Global Semiconductor Power Conversion Apparatus Market
Trends, by Region

Asia-Pacific Market
Revenue Share, 2025
www.makdatainsights.com
Dominant Region
Asia Pacific · 45.8% share
Asia Pacific stands as the dominant region in the Global Semiconductor Power Conversion Apparatus Market, commanding a substantial 45.8% market share. This dominance is primarily fueled by the region's robust electronics manufacturing industry, particularly in countries like China, South Korea, Japan, and Taiwan. These nations are key players in the production of consumer electronics, automotive components, and industrial equipment, all of which heavily rely on semiconductor power conversion apparatus. Significant investments in research and development, coupled with government support for technological advancements, further solidify Asia Pacific's leading position. The increasing demand for energy efficient devices and the expansion of renewable energy infrastructure within the region also contribute significantly to its market leadership, driving innovation and growth in the semiconductor power conversion sector.
Fastest Growing Region
Asia Pacific · 9.2% CAGR
Asia Pacific emerges as the fastest growing region in the global semiconductor power conversion apparatus market, projected to expand at an impressive CAGR of 9.2% from 2026 to 2035. This robust growth is fueled by several converging factors. Rapid industrialization and increasing automation across manufacturing sectors in countries like China and India are driving demand for efficient power management solutions. The proliferation of electric vehicles and renewable energy projects in the region necessitates advanced power conversion technologies. Furthermore, the booming consumer electronics market and the expanding digital infrastructure, including data centers and 5G networks, are creating significant opportunities for semiconductor power conversion apparatus. Government initiatives supporting domestic semiconductor manufacturing and technological innovation further bolster this growth trajectory.
Impact of Geopolitical and Macroeconomic Factors
Geopolitically, the semiconductor power conversion apparatus market faces significant headwinds from US China tech rivalry. Export controls on advanced chips and manufacturing equipment impact supply chains for these crucial apparatus. Taiwan's strategic position, dominating high end chip production, creates geopolitical risk, with potential disruptions from cross strait tensions casting a long shadow over global supply. India's burgeoning manufacturing ambitions and Europe's drive for semiconductor independence present both opportunities and challenges, diversifying production but also creating new trade friction points.
Macroeconomically, global inflation and rising interest rates constrain capital expenditure across industries, impacting demand for these critical apparatus used in diverse applications like EVs, renewable energy, and data centers. Supply chain bottlenecks, exacerbated by geopolitical factors, continue to inflate component costs. Government subsidies aimed at boosting domestic semiconductor production offer a mitigating factor, potentially stabilizing demand in certain regions, but their long term effectiveness in countering global economic headwinds remains uncertain.
Recent Developments
- March 2025
NXP Semiconductors announced a strategic partnership with a leading automotive OEM to co-develop next-generation SiC-based power conversion solutions for electric vehicles. This collaboration aims to accelerate the adoption of high-efficiency power electronics in the automotive sector, pushing performance boundaries and reducing charging times.
- January 2025
Infineon Technologies launched a new family of wide-bandgap (WBG) power conversion modules specifically designed for server power supplies and data center applications. These modules leverage advanced GaN technology to achieve significant improvements in power density and energy efficiency, addressing the growing demand for sustainable computing infrastructure.
- November 2024
Analog Devices completed its acquisition of a specialist startup focused on advanced digital control for power converters. This acquisition strengthens Analog Devices' portfolio in intelligent power management and enables them to offer more integrated and software-defined power conversion solutions to industrial and automotive customers.
- July 2024
Texas Instruments introduced a new series of highly integrated power management ICs featuring embedded AI capabilities for predictive maintenance and optimized energy usage. These innovative products target smart home and IoT applications, allowing for more efficient and reliable operation of connected devices by anticipating power demands and potential failures.
Key Players Analysis
Leading players like Texas Instruments, Infineon Technologies, and Analog Devices dominate the Global Semiconductor Power Conversion Apparatus Market. These key companies specialize in high efficiency ICs, microcontrollers, and power discretes, leveraging advanced analog, mixed signal, and wide bandgap technologies. Strategic initiatives include product innovation for electric vehicles, renewable energy, and industrial automation, driving market growth through power density and efficiency improvements across diverse applications.
List of Key Companies:
- Maxim Integrated
- Microchip Technology
- Analog Devices
- NXP Semiconductors
- Infineon Technologies
- Renesas Electronics
- Linear Technology
- Texas Instruments
- Vishay Intertechnology
- STMicroelectronics
- Semtech
- Broadcom
- Mitsubishi Electric
- Advanced Micro Devices
- ON Semiconductor
- Power Integrations
Report Scope and Segmentation
| Report Component | Description |
|---|---|
| Market Size (2025) | USD 95.8 Billion |
| Forecast Value (2035) | USD 182.3 Billion |
| CAGR (2026-2035) | 8.7% |
| Base Year | 2025 |
| Historical Period | 2020-2025 |
| Forecast Period | 2026-2035 |
| Segments Covered |
|
| Regional Analysis |
|
Table of Contents:
List of Figures
List of Tables
Table 1: Global Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 2: Global Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Type, 2020-2035
Table 3: Global Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 4: Global Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 5: Global Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Region, 2020-2035
Table 6: North America Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 7: North America Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Type, 2020-2035
Table 8: North America Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 9: North America Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 10: North America Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Country, 2020-2035
Table 11: Europe Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 12: Europe Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Type, 2020-2035
Table 13: Europe Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 14: Europe Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 15: Europe Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 16: Asia Pacific Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 17: Asia Pacific Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Type, 2020-2035
Table 18: Asia Pacific Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 19: Asia Pacific Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 20: Asia Pacific Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 21: Latin America Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 22: Latin America Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Type, 2020-2035
Table 23: Latin America Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 24: Latin America Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 25: Latin America Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 26: Middle East & Africa Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Application, 2020-2035
Table 27: Middle East & Africa Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Type, 2020-2035
Table 28: Middle East & Africa Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Technology, 2020-2035
Table 29: Middle East & Africa Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 30: Middle East & Africa Semiconductor Power Conversion Apparatus Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
