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Power management ICs are integrated circuits that regulate electric power levels and distribution. They ensure various components of a system or circuit receive the proper amount of power required for optimal functioning. Power management ICs are widely used in automotive, consumer electronics, industrial, telecom & networking, and other sectors. They play a vital role in energy conservation and safety by controlling and monitoring the flow of electricity. The Power Management Ics Market is estimated to be valued at Us$ 41666.64 Mn in 2023 and is expected to exhibit a CAGR Of 5.7% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
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