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Power Electronics Market Emerging Trend And Strong Application Scope By 2022 | key players like Infineon Technologies AG,Mitsubishi Electric Corp.,Toshiba Corporation,ABB Group

The global power electronics market is anticipated to register a CAGR of 8.9% from 2016-2022 to attain a market size of around $25 billion by 2022.

Power electronics is a circuitry device that transfers power from a source to a load in an efficient, compact, and robust manner to ensure convenient utilization. This device is used to control the conversion of electric power from one form to another using diodes, transistors, and thyristors. Operations at high voltage or high current can be efficiently executed by utilizing power electronics devices, as they deliver faster switching rate at higher efficiency. In addition, power electronics control both unidirectional as well as bidirectional flow of energy, depending upon the usage, and the regenerated energy can be sent back to the utility.

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Power electronics has gained popularity among various applications, such as energy control systems, high voltage direct current (HVDC), motor drives, industry systems, inverters, and consumer electronics, owing to its high efficiency, low power consumption, and improved durability. Moreover, it supports high input impedance and improved parallel current sharing, which increases its adoption in the industry.

However, performance issues associated with the use of power electronics, such as current leakage and breakdown, hamper the market growth. Government initiatives to establish HVDC and smart grid and increase in demand for IGBT and MOSFET are expected to provide lucrative opportunities for growth in the future.

Some of the key players of Power Electronics Market:

Infineon Technologies AG,Mitsubishi Electric Corp.,Toshiba Corporation,ABB Group,STMicroelectronics,Fuji Electric Co. Ltd.,Rockwell Automation, Inc.,Renesas Electronics Corporation,Microsemi Corporation,Texas Instruments, Inc.

The global power electronics market is segmented based on device, type, application, and geography. The device segment is divided into power diodes, metal-oxide-semiconductor field-effect transistor (MOSFET), bipolar-junction transistor (BJT), insulated-gate bipolar transistor (IGBT), and thyristor. Based on type, the market is classified into power IC, power modules, and power discrete.

Based on application, the market is segmented into consumer electronics, energy & power, industrial system, inverter & UPS, automotive, others. The market is analyzed on the basis of four regions, namely North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The Global Power Electronics Market research report offers an in-depth analysis of the global market, providing relevant information for the new market entrants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Power Electronics market based on product and application. It also provides market size and forecast till 2022 for overall Power Electronics market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments.

Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Power Electronics Market Size
2.2 Power Electronics Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Power Electronics Market Size by Manufacturers
3.2 Power Electronics Key Players Head office and Area Served
3.3 Key Players Power Electronics Product/Solution/Service
3.4 Date of Enter into Power Electronics Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Power Electronics Sales by Product
4.2 Global Power Electronics Revenue by Product
4.3 Power Electronics Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Power Electronics Breakdown Data by End User

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Power Electronics Market 2020 to Witness Excellent Long-Term Growth Outlook

Global power electronics market is anticipated to raise a positive revenue in the upcoming years. Preference and demand of renewable energy sources are the major factors behind the growth. Power module segment will become the most profitable. Silicon carbide segment will be the most lucrative. Automotive sector to be the most beneficial. Renewable power segment will hold the highest market growth. Asia-Pacific region to dominate the global market in the forecast period. Leading players of the market are focusing on developing new strategies such as merger and acquisition, partnership, collaborations, and product launches to sustain the market growth during the forecast period.

According to a recent report published by Research Dive, the global power electronics market is expected to garner revenue of $51,858.4million at a CAGR of 5.0% during the forecast period.

This is a comprehensive report that delivers brief overview of the current scenario of the market. The report includes significant aspects of the market from growth factors, challenges, other market dynamics, and restraints to various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.

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A major surge has been observed in the installation of technology and infrastructural development to harvest renewable sources of energy in recent years. These infrastructural facilities include solar energy sources, wind energy sources, hydro energy sources, and gas energy sources. Preference of renewable sources has increased because of the rising cost of non-renewable sources, increasing prices, and growing environmental concerns. These are the major attributors behind the growth of the market.

Power electronics require complex integration processes which usually comprise of advanced electronic devices. The process of designing such a complex device requires strong skillsets, tools for integration, and methodology. This factor will hamper the growth of the market.

The automotive manufacturers are working on the production of electric vehicles in order to reduce carbon emissions generated from automobiles. The growing usage of Sic and GaN products for multiple applications with increasing industrialization are also expected to create lucrative market opportunities.

The report divided the market based on type, material, application, end-user, and regional analysis.

• Power module segment to be the most lucrative

The power module segment will have a dominating share in the global market during the forecasted timeframe. Increased adoption of HEV/EV, growing awareness about renewable energy sources, rising number of charging stations, increasing electrification in the automotive sector, and rising usage in intelligent modules in consumer electronics are the main factors behind the growth of this segment.

• Silicon Carbide (SiC) segment to register the highest growth

The growing utilization of silicon carbide devices by OEMs for the manufacturing of hybrid vehicles is driving the growth of this segment. The application of silicon carbide in EV inverters for increased efficiency and reduced carbon footprint is also another driving factor enhancing the segment growth.

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• Renewable segment to become the most beneficial

The renewable segment is expected to grow exponentially in the power electronics market during the forecast period. Initiatives are taken by the governments to reduce carbon footprint and reliability on non-renewable sources of energy is the factor behind the growth of the segment.

• Automotive sector to be the most profitable

Growing use of power electronics in hybrid electronic vehicles (HEV) and electronic vehicles (EV) for increased efficiency and reliability is propelling the growth of the automotive sector. This segment is expected to generate a positive revenue in the forecast period.

• Asia-Pacific to dominate the market

The Asia-Pacific region is expected to grow significantly and hold the largest market share in the power electronics market during the forecast period. There is a massive rise in the purchasing of consumer electronics, which is driving the market growth in this region. Rising industrialization, major presence of automotive manufacturers, and growing investments in the power sector are the other factors enhancing the market growth.

• Leading players of the market

The report also enlists the leading players of the global power electronics market which include Texas Instruments Incorporated., Microsemi Technology Inc., ABB, Infineon Technologies AG, Rockwell Automation, Inc., Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., Renesas Electronics Corporation., STMicroelectronics, and TOSHIBA CORPORATION.

The report also summarizes many important aspects including latest strategic developments, partnerships, mergers and acquisitions, financial performance of the key players, SWOT analysis, and product portfolio.

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Global Power Electronics Market Set for Rapid Growth in the Forecast Period 2020–2025 – Market Research Store

Global Power Electronics Market Growth Potential Analysis and the Forecast till 2025
 
The Global Power Electronics Report published by the Market Research Store includes all the market segment analysis along with growth factors, threats, opportunities, and limitations. All these points are well discussed within the Power Electronics report. The report provides guidance and assistance to the market players and the new entrants to make appropriate decisions in this time of COVID-19. During this time too the market players can make profits and can also improve their funding which is properly explained in detail in the Power Electronics report. With the help of proper market research tools and research methodologies, research analysts have en routed proper and precise information about the Power Electronics market in the report. The influencing factors and the market strategies that are augmenting the growth of the Power Electronics market are enlisted in this comprehensive report.

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( Note: The Final Report Will Be Updated To Address The Impact Of COVID-19 On This Particular Market. Use Only Corporate email ID to Get Higher Priority. )

The research analysts have anticipated that the Power Electronics market valuation for the forecast period will be significant. Furthermore, the Power Electronics market is segmented based on {Power Discrete, Power IC, Power Module}; {Aerospace and Defense, Energy and Power, Industrial, Information and Communications Technology, Automotive, Medical Devices}. Regional analysis has been conducted on major five regions, which includes North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The major key market players that are incorporated in the Power Electronics market report are STMicroelectronics N.V, NXP Semiconductors N.V, Infineon Technologies, Mitsubishi Electric, Renesas Electronics Corp, Vishay Intertechnology, Inc, Toshiba, Siemens AG, ON Semiconductor Corp, Qualcomm, Inc, Rockwell Automation, Hitachi, Littelfuse, Fuji El.

The report provides data about all the historical, current, and future market prospects. The data within the report is represented in a unique and holistic pattern such that the global Power Electronics market analysis is well understood.

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Highlights of the Power Electronics Market Report

•    Detailed study on the Power Electronics market dynamics and segment analysis
•    Complete market scenario of the Power Electronics market on the global platform
•    360 degree review about market adaptations and developments
•    Realistic and flexible changes that has affected market statistics and growth
•    Market strategies that have worked well by the key players 
•    Market size and volume valuations and the foreseeable growth projections

Reasons to purchase the global Power Electronics market report:

•    Innovative market development trends and marketing channels are provided
•    Overall market feasibility and growth rate over the foreseeable time is concluded
•    Accurate mentioning of statistical data and valuable source for directing interested companies
•    Study on development policies & plans, manufacturing processes, and costing gives a better idea about import/export consumption, supply & demand, pricing, revenue, and gross margins.
•    Competitive landscape and demographic analysis provides a clear picture of the market status on the international platform
•    Availability of customization as per the requirement

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