The Global Power Electronics Market is estimated to reach USD 50.3 Billion in 2024 at a CAGR of 5.6%. Expanding automation and digitalization in industries and inclination towards renewable energy sources is expected to drive the power electronics market during the forecast period. However, lack of technical resources is expected to restrain the market during the forecast period. Technological innovations in electric vehicle/ hybrid electric vehicle (EV/HEV) is expected to become an opportunity for power electronics market.
Power electronics is a technology for energy saving and high functionality in energy and power usage. Power electronic components mainly act as a switch and use for reducting conduction loss. Power electronics mainly used in industrial, energy & power, aerospace & defense, and many other applications. Some key players in power electronics market are QUALCOMM, Inc., Infineon Technologies AG, Texas Instruments Incorporated, ON Semiconductor Corp, and Mitsubishi Electric Corporation among others.
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Power Electronics Market Segmentation
This market research report offers a comprehensive analysis of key market trends in the global power electronics market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.
- On the basis of material, the market is segmented into Silicon, Gallium nitride, Silicon carbide, Gallium arsenide, and others.
- By type, the power electronics market is segmented into power discrete, power module, and power IC.
- By end use industry, power electronics market is segmented into consumer electronics, automotive, aerospace and defence, energy and power, industrial, and others.
Power Electronics Market Report Scope
The report on the power electronics market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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List of the leading companies operating in the Power Electronics market include:
- QUALCOMM, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Infineon Technologies AG
- Texas Instruments Incorporated
- ON Semiconductor Corp
- Mitsubishi Electric Corporation
- Maxim Integrated Products Inc.
- STMicroelectronics NV
- Toshiba Corporation
- Fuji Electric Co Ltd
- Renesas Electronics Corporation
- Other Key Companies
POWER ELECTRONICS Market report segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
POWER ELECTRONICS Market by Material
- Silicon (Si)
- Gallium nitride (GaN)
- Silicon carbide (SiC)
- Gallium arsenide (GaAs)
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POWER ELECTRONICS Market by Connectivity Protocol
- Standard Diode
- Fast Recovery Diode
- Schottky Diode
- Power BJT
- Power MOSFET
- SiC Power Module
- Power Integrated Module
- Intelligent Power Module
- Power Management IC
- Application Specific IC
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POWER ELECTRONICS Market by Application
- Consumer Electronics
- Aerospace and Defense
- Energy and Power
POWER ELECTRONICS Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the power electronics market and its growth?
- What will be the effects of the developments in the power electronics market on the industry and on the market players in the near and far future?
- What are the evolving types of the power electronics market?
- What are the evolving applications of power electronics market?
- What are the major characteristics that will affect the power electronics market growth during the study period?
- Who are the key players operating in the power electronics market?
- How are the major players leveraging in the existing market conditions?
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