The Global power electronics market is expected to reach USD 5.89 billion by 2025 is projected to grow at a CAGR of 5.8 % in the forecast period of 2019 to 2025.
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.
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Major Key players profiled in this report are:
Infineon Technologies, Texas Instruments, STMicroelectronics, Fuji Electric, Digi-Key Electronics, Toshiba, NXP Semiconductors, Maxim Integrated, SEMIKRON, ABB, Hitachi, Analog Devices, Littelfuse, KEMET Electronics Corporation, ON Semiconductor, Avnet, Microsemi, Microchip Technology Inc., Rohm Semiconductor, Renesas Electronics, Mitsubishi Electric Corporation, Mitsubishi Electric US, Inc., Rockwell Automation, ENERCON, ENERCON UK, ENERCON SERVICE FRANCE, GE Renewable Energy, Methode Electronics, Vishay Intertechnology, Inc., and many more.
Based on application, the market is segmented into
- power management,
- rail traction, others.
Based on geography, the market report covers data points for 28 countries across multiple geographies such as
- North America,
- South America,
- 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.
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
- power diode and
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,
- consumer electronics,
- aerospace & defense, others
TOC is available at https://databridgemarketresearch.com/toc/?dbmr=global-power-electronics-market
Major 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.
Reasons to Purchase this Report
- Current and future of global power electronics market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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