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
5.2 Global Power Electronics Breakdown Data by End User