Global Power electronics market, By 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) Voltage (Low Voltage, Medium Voltage, High Voltage), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Power Electronics Market
Data Bridge Market Research analyses the power electronics market will exhibit a CAGR of 5.80% for the forecast period of 2022-2029.
Power electronics are a kind of solid-state electronic equipment devices that are used to control and alter electricity from the supply to the load in an efficient and acceptable manner. It permits power management so as to reinforce energy conservation during a type of applications like client natural philosophy, electrical vehicles, automotive, and industrial systems.
The rising adoption of power electronics in the manufacturing of electric vehicles is the major factor accelerating the growth of the power electronics market. Furthermore, increased demand in the field of power infrastructure, increasing demand for energy-efficient battery-power portable devices and rising demand in the field of ASICs and PMICs for reducing power consumption are also expected to drive the growth of the power electronics market. However, complex design and integration process restrains the power electronics market, whereas, changing demand for more compact and efficient devices at low prices will challenge market growth.
In addition, the rising industrialization in developing economies and rising use of GaN and SiC products in numerous applications will create ample opportunities for the power electronics market.
This power electronics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on power electronics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Power Electronics Market Scope and Market Size
The power electronics market is segmented on the basis of type, devices, materials, voltage, end-user industry and applications. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the power electronics market is segmented into power modules, power ICS and power discrete.
- Based on devices, the power electronics market is segmented into power diode, BJT, IGBT, MOSFET and thyristor.
- Based on materials, the power electronics market is segmented into silicon carbide, gallium nitride, silicon and others.
- Based on end-user industry, the power electronics market is segmented into energy and power, industrial, automotive, ICT, consumer electronics, aerospace and defense and others.
- The power electronics market is also segmented on the basis of applications into power management, UPS, transportation, renewable, drives, rail traction and others.
- The power electronics market is also segmented on the basis of voltage into low voltage, medium voltage, high voltage.
Power Electronics Market Country Level Analysis
The power electronics market is analysed and market size, volume information is provided by country, type, devices, materials, voltage end-user industry and applications as referenced above.
The countries covered in the power electronics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the digital signage in the healthcare market and will continue to flourish its trend of dominance during the forecast period due to rising opportunities in consumer electronics in this region. North America will, however, register the highest CAGR for this period due to the growing automotive, ICT, and industrial applications in this region.
The country section of the power electronics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Power Electronics Market Share Analysis
The power electronics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Power electronics market.
Some of the major players operating in the power electronics market report are Infineon Technologies AG, Texas Instruments Incorporated, STMicroelectronics, Fuji Electric Co., Ltd., 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 and Microchip Technology Inc, among others.