Global Power Electronics Market By Market Type (Power Modules, Power ICS, Power Discrete), Devices (Power Diode, BJT, IGBT, MOSFET, Thyristor), Materials (Silicon Carbide, Gallium Nitride, Silicon, Others), End User Industry (Energy & Power, Industrial, Automotive, ICT, Consumer Electronics, Aerospace & Defense, Others), Applications(Power Management, UPS, Transportation, Renewable, Drives, Rail Traction,Others), Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East And Africa) -Industry Trends and Forecast to 2025
Market Analysis: Global Power Electronics Market
The Global power electronics market is expected to reach USD 5.89 billion by 2025 from USD 4.47 billion in 2017 and is projected to grow at a CAGR of 5.8 % in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Power Electronics Market
The global power electronics is divided into three types such as IC, module and discrete. But among all these types, company basically focuses on IC. Power IC plays a vital role in the automotive segment as they help to optimize the use of electrical energy. The components of IC are MOSFETs and IGBTs. ICs are used as a power electronic switch in vehicles to increase the fuel efficiency of the vehicle and is propelling due to automotive segment as they help to improve the use of electrical energy Power electronics is heavily produced in HEVs and EVs. Government has made it mandatory to develop environmentally friendly vehicles which are expected to generate chances for the power electronics market.
In 2018, Toshiba announced Flash ROM Integrated Circuits in power electronics which brings Receiver sensitivity at 125kbps is -105dBm and long range communication with low current consumption.
In 2018, ST Microelectronics announced Galvanic rich isolated Gate Driver, which helps to protects and control the Silicon power transistors and Silicon-carbide (SiC).
Market Drivers and Restraints:
- Increasing demand in the field of ASICs and PMICs for reducing power consumption.
- Growing in the field of power infrastructure.
- Rising demand for energy-efficient battery-power portable devices.
- Focus towards renewable power sources.
- Regeneration of power is difficult in power convertor system.
Market Segmentation: Global Power Electronics Market
The market is based on market type, devices, material, end user industry, applications and geographical segments.
Based on market type, the market is segmented into power modules, power ics, and power discrete.
Based on devices type, the market is segmented into IGBT, MOSFET, thyristor, power diode and BJT.
Based on material type, the market is segmented into silicon carbide, gallium nitride, silicon, others.
Based on end user industry, the market is segmented into energy & power, industrial, automotive, ict, consumer electronics, aerospace & defense, others.
Based on application, the market is segmented into power management, UPS, transportation, renewable, drives, rail traction, others.
Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Analysis: Global Power Electronics Market
The global power electronics market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes Power electronics market shares of market for global, Europe, North America, Asia Pacific and South America.
In 2017, Microchips launches microcontrollers which helps in extensive connectivity interfaces, powerful performance and robust hardware-based security for a wide variability of applications.
Key Players: Global Power Electronics Market
The renowned players in global Power electronics market are Infineon Technologies AG, Texas Instruments Incorporated, STMicroelectronics, Fuji Electric Co.,Digi-Key Electronics. , Toshiba India Pvt. Ltd , NXP Semiconductors , Maxim Integrated, SEMIKRON, ABB, Hitachi, Ltd, Analog Devices, Inc, ROHM SEMICONDUCTOR, Littelfuse, Inc., KEMET, ON Semiconductor, Avnet, Inc, Microsemi, Microchip Technology Inc, and many more.
Research Methodology: Global Power Electronics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an analyst call or can drop down your inquiry.
Demand Side Primary Contributors:
OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors:
Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other.