From Smart Homes to Electric Vehicles: Forecasting the Power Electronics Market's Growth and Opportunities

Posted June 15, 2023 by mayurikathade

Power Electronics Market size was valued at US$ 43.41 Bn in 2021 and is expected to reach US$ 66.62 Bn by 2029 to exhibit a CAGR of 5.5 % during the forecast period.
Power Electronics Market Overview

The industry overview gives thorough details about the size of the Market all the Market dynamics including strategies, Market revenue, pricing analysis, micro and macro Market trends and scenarios & Industry benchmarks. The region wise consumer preference, Market size & Industrial rivalry is also covered in detailed

Power Electronics Market size was valued at US$ 43.41 Bn in 2021 and is expected to reach US$ 66.62 Bn by 2029 to exhibit a CAGR of 5.5 % during the forecast period.

Power Electronics Market Report Scope and Research Methodology

The Power Electronics Market size for individual segments were determined through various secondary sources including industry associations, white papers, and journals. Surveys, administering questionnaires and telephonic interviews with Power Electronics industry specialists, Market leaders, entrepreneurs and Marketing professionals were included in the primary methods. The PESTLE analysis was used to understand the potential impact of the micro-economic and macro-economic factors affecting the Power Electronics Market.

Dedicated study of the rivalry in the industry is covered, which includes Market leaders, followers, and new entrants. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive Power Electronics Market engineering and calculations for Market statistics; Market size estimations, Market forecasts, Market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global Power Electronics Market size, the bottom-up approach was used.

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What are Power Electronics Market Scope?

Competitive analysis of the Power Electronics Market which gives insides to new players about sharks present in the Market with their financial health, revenue, technological advancements, mergers and acquisitions, recent developments, Marketing tactics, alliances, and joint ventures. The Power Electronics Market report consists of microanalysis with accurate illustrations, graphs and simple-to-grasp language which helps users to understand the key points and overall aspects of the industry, this report is carved using history, consumer habits, & Market volatility.

The Power Electronics Market report consists of the analysis of restraints, opportunities, challenges, and risks with the help of SWOT analysis and Porter's Five Forces analysis, which are standard & prominent full-proof methods to provide analysis of the Market.

What are Power Electronics Market Regional Insights?

The report assists in planning and implementing new strategies which are suitable and appropriately applicable according to specific countries and regions in the Market.

The detailed regional analysis provided in the report aids stakeholders, new entrants, investors, entrepreneurs, researchers, Market followers and players in an easy illustration of various elements of the Market, presenting a future outlook with expected risks and trends in the Market. A competitive regional analysis of the Power Electronics Market was conducted listing competitors in the Market along with new entrants. A comprehensive analysis is effective to gain a comprehensive understanding of the Market structure and growth strategies of various players.

What is Power Electronics Market Segmentation?

by Material

• Silicon
• Silicon Carbide
• Gallium Nitride
• Others

by Device Type

• Power Discrete
• Power Modules
• Power ICs

Because of the growing usage of electronic devices in the automotive vertical for charging stations, automobile safety, authentication, mobile security, and other purposes, the transportation application segment is predicted to dominate during the projection period. Additionally, it is anticipated that in the upcoming years, transportation will represent the greatest revenue area for the power electronics industry due to the mass manufacturing of EVs and HEVs as well as the rising need for electric vehicle charging stations.

by Application

• Power Management
• Drives
• Rail Traction
• Transportation
• Renewable
• Others

applications for radiation. Currently, numerous high-power and high-frequency applications like RF, high-frequency wireless communication, RADAR, satellite communication, electronic warfare, radio communication, and microwave radiation arenas are driving the market for power ICs in the industrial, ICT, and aerospace & defence verticals. The market is expanding as a result of the rising demand for ASICs and PMICs, which are used to reduce power consumption.

by Vertical

• Consumer Electronics
• Energy & Power
• Industrial
• Automotive
• Aerospace & Defense
• Others

Power electronics play a significant part in the automotive segment as they aid to increase the usage of electrical energy, hence the automotive industry is anticipated to hold the biggest market share throughout the projection period. The market for high-end autos and hybrid electric vehicles is expanding as awareness of environmental degradation and sustainable development grows. Vehicles employ power electronic modules, such as MOSFETs and IGBTs, as a power electronic switch to increase the vehicle's fuel efficiency.

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Who are Power Electronics Market Key Players?

• Infineon Technologies
• Texas Instruments
• On Semiconductor
• STMicroelectronics
• Mitsubishi Electric
• Fuji Electric
• Renesas Electronics
• Toshiba
• NXP Semiconductors
• Vishay Intertechnology
• Maxim Integrated Products
• Semikron
• Hitachi
• Analog Devices
• ROHM Semiconductor
• GaN Systems
• Littelfuse
• Microchip
• Transphorm
• UnitedSiC
• Wolfspeed, A Cree Company

Table of content for the Power Electronics Market includes:

Global Power Electronics Market: Research Methodology
Global Power Electronics Market: Executive Summary
Market Overview and Definitions
Introduction to Global Power Electronics Market
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Power Electronics Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
Regulatory Landscape by region
North America
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Power Electronics Market Segmentation
Global Power Electronics Market, by Material(2022-2029)
Global Power Electronics Market, by Device Type(2022-2029)
Global Power Electronics Market, by Application (2022-2029)
Global Power Electronics Market, by Vertical (2022-2029)
Regional Power Electronics Market(2022-2029)
Regional Power Electronics Market, by Material(2022-2029)
Regional Power Electronics Market, by Device Type(2022-2029)
Regional Power Electronics Market, by Application (2022-2029)
Regional Power Electronics Market, by Vertical (2022-2029)
Regional Power Electronics Market, by Country (2022-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by Product
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
About Maximize Market Research:

Maximize Market Research is a multifaceted Market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide Market-verified industry estimations, technical trend analysis, crucial Market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Issued By mayurikathade
Country India
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Tags power electronics power electronics size power electronics share power electronics analysis power electronics research power electronics trends power
Last Updated June 15, 2023