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The size of the global power electronics market is anticipated to reach USD 47.39 billion by 2030, growing at a 5.8% CAGR from 2023 to 2030.
The study, design, and use of electronic systems and devices for effective control and conversion of electrical power constitute the multidisciplinary topic of power electronics. It is essential to many different industries and applications, such as telecommunications, consumer electronics, electric transportation, industrial automation, and renewable energy systems. Power semiconductor devices, including transistors, diodes, and thyristors, are the primary focus of power electronics because they make it possible to efficiently manage and manipulate electrical energy. These components are used to adjust voltage levels, control power flow, and facilitate seamless energy transfer between diverse sources and loads in a variety of power conversion circuits, including converters, inverters, and rectifiers.
This study classifies the power electronics industry into different geographic regions and market categories, projects revenue growth, and examines trends in each submarket. The research examines the major trends, chances, and obstacles affecting the power electronics market. The competitive landscape in the market has been depicted by including recent market developments and competitive tactics including growth, product launch and development, partnerships, mergers, and acquisitions. The key market players are strategically identified, profiled, and their core competencies in each of the power electronics market's sub-segments are analysed in the study.
Driving Factors
The power electronics market is being driven by a number of factors, such as rising demand for energy-efficient systems, increased use of renewable energy sources, and the requirement for high-performance and dependable power electronics components across numerous sectors. The market for power electronics is expanding as a result of customer demand for energy-efficient appliances such HVAC systems, lights, and consumer electronics. These systems need effective power conversion and control, which power electronics parts like inverters, converters, and motor drives can provide. The market for power electronics is expanding as more people choose to use renewable energy sources like solar and wind power.
Restraining Factors
There are some obstacles that the power electronics market must overcome in order to expand. The high cost involved in the design and production of power electronics components is one such barrier. The high cost, intricate designs, and strict quality standards all add to the overall expense, preventing widespread adoption. The complexity of power electronics systems, which necessitates specialised design, installation, and maintenance knowledge and experience, is another constraint. This may restrict the use of and access to power electronics technology in some sectors and locales.
Report Coverage
Global Power Electronics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Power Electronics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Power Electronics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Power Electronics market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Power Electronics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Power Electronics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Infineon Technologies, ON Semiconductor, STMicroelectronics, Mitsubishi Electric, Vishay Intertechnology, Fuji Electric, NXP Semiconductors, Renesas Electronics, Texas Instruments, Toshiba, ABB Ltd., GaN Systems, Littelfuse, Maxim Integrated, Microchip, Rohm, Semikron, Transphorm, UnitedSiC, Wolfspeed, A Cree Company, Euclid Techlabs, GeneSiC, EPC, Analog Devices, Hitachi
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Power Electronics market based on the below-mentioned segments:
Global Power Electronics Market, By Offering
Global Power Electronics market, By Material
Global Power Electronics Market, By Voltage
Global Power Electronics market, Regional Analysis
The study, design, and use of electronic systems and devices for effective control and conversion of electrical power constitute the multidisciplinary topic of power electronics. It is essential to many different industries and applications, such as telecommunications, consumer electronics, electric transportation, industrial automation, and renewable energy systems. Power semiconductor devices, including transistors, diodes, and thyristors, are the primary focus of power electronics because they make it possible to efficiently manage and manipulate electrical energy. These components are used to adjust voltage levels, control power flow, and facilitate seamless energy transfer between diverse sources and loads in a variety of power conversion circuits, including converters, inverters, and rectifiers.
This study classifies the power electronics industry into different geographic regions and market categories, projects revenue growth, and examines trends in each submarket. The research examines the major trends, chances, and obstacles affecting the power electronics market. The competitive landscape in the market has been depicted by including recent market developments and competitive tactics including growth, product launch and development, partnerships, mergers, and acquisitions. The key market players are strategically identified, profiled, and their core competencies in each of the power electronics market's sub-segments are analysed in the study.
Driving Factors
The power electronics market is being driven by a number of factors, such as rising demand for energy-efficient systems, increased use of renewable energy sources, and the requirement for high-performance and dependable power electronics components across numerous sectors. The market for power electronics is expanding as a result of customer demand for energy-efficient appliances such HVAC systems, lights, and consumer electronics. These systems need effective power conversion and control, which power electronics parts like inverters, converters, and motor drives can provide. The market for power electronics is expanding as more people choose to use renewable energy sources like solar and wind power.
Restraining Factors
There are some obstacles that the power electronics market must overcome in order to expand. The high cost involved in the design and production of power electronics components is one such barrier. The high cost, intricate designs, and strict quality standards all add to the overall expense, preventing widespread adoption. The complexity of power electronics systems, which necessitates specialised design, installation, and maintenance knowledge and experience, is another constraint. This may restrict the use of and access to power electronics technology in some sectors and locales.
Report Coverage
Global Power Electronics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Power Electronics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Power Electronics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Power Electronics market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Infineon Technologies, ON Semiconductor, STMicroelectronics, Mitsubishi Electric, Vishay Intertechnology, Fuji Electric, NXP Semiconductors, Renesas Electronics, Texas Instruments, Toshiba, ABB Ltd., GaN Systems, Littelfuse, Maxim Integrated, Microchip, Rohm, Semikron, Transphorm, UnitedSiC, Wolfspeed, A Cree Company, Euclid Techlabs, GeneSiC, EPC, Analog Devices, Hitachi |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Power Electronics Market from 2021 to 2030.
- Market Forecast for Power Electronics Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Power Electronics competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Power Electronics
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Power Electronics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Power Electronics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Infineon Technologies, ON Semiconductor, STMicroelectronics, Mitsubishi Electric, Vishay Intertechnology, Fuji Electric, NXP Semiconductors, Renesas Electronics, Texas Instruments, Toshiba, ABB Ltd., GaN Systems, Littelfuse, Maxim Integrated, Microchip, Rohm, Semikron, Transphorm, UnitedSiC, Wolfspeed, A Cree Company, Euclid Techlabs, GeneSiC, EPC, Analog Devices, Hitachi
Primary Target Market
- Market Players of Power Electronics
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Power Electronics market based on the below-mentioned segments:
Global Power Electronics Market, By Offering
- Power Discrete
- Power Module
- Power IC
Global Power Electronics market, By Material
- Silicon
- Silicon Carbide
- Gallium Nitride
Global Power Electronics Market, By Voltage
- Low Voltage
- Medium Voltage
- High Voltage
Global Power Electronics market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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