Power Electronics Market: A Comprehensive Study of the Industry
The size of the global market for power electronics was USD 37.40 billion in 2021, and it is anticipated to grow in value at a CAGR of 4.1%. A major driver influencing market revenue growth is the growing need for environmentally friendly and sustainable solutions, particularly in light of growing worries about Carbon Dioxide (CO2) emissions and global warming. Additionally, end-use businesses are investing in dependable and secure power electronics as a result of their growing awareness of the advantages of energy-efficient infrastructure. In numerous regions, this has greatly boosted industry revenue growth. By integrating Insulated Gate Bipolar Transistor (IGBT) technology into inverters, Uninterruptible Power Systems (UPSs), and switching devices for static var compensators from thyristors or Gate Turn Off Thyristors (GTOs) to high power IGBTs, power electronics play a significant role in improving efficiency and performance. Additionally, low-loss and high-performance devices have been marketed.
Along with information on market size, share, revenue growth, and leading companies, the study provides a thorough analysis of the industry. To assist readers, investors, and clients in developing a complete grasp of the market and making the appropriate investments, the study includes all important and necessary information pertaining to the worldwide keyword market. In the paper, a number of sophisticated statistical tools, including Porter's Five Forces and SWOT analysis, are used.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Power Electronics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Infineon Technologies AG, Onsemi, STMicroelectronics, Mitsubishi Electric Corporation, Vishay Intertechnology, Inc., Fuji Electric Co., Ltd., NXP Semiconductors, Renesas Electronics Corporation, Texas Instruments Incorporated, and Toshiba Corporation
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Emergen Research has segmented the global Power Electronics market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Device Type Outlook (Revenue, USD Billion; 2019-2030)
Power Discrete
Power Module
Power Integrated Circuit (IC)
Material Outlook (Revenue, USD Billion; 2019-2030)
Silicon
Silicon Carbide
Gallium Nitride
Others
Application Outlook (Revenue, USD Billion; 2019-2030)
Power Management
Drives
Rail Traction
Transportation
Renewables
Others
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Power Electronics Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Power Electronics Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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