Press Release / Technology / Power Electronics Market Comprehensive Plans, Competitive Landscape and Trends by Forecast 2023

Power Electronics Market Comprehensive Plans, Competitive Landscape and Trends by Forecast 2023

Market Highlights:

Increasing adoption of power electronics in electric vehicles and growing need for power management devices are major factors driving the growth of power electronics market. Power electronic devices have several advantages such as simplified circuits, and optimum forward and reverse blocking capabilities. Furthermore, compact power electronics designs are the ideal choice for applications involving high power densities.

Technology giants such as Infineon Technologies AG, Texas Instruments, Inc., ON Semiconductor Corp., STMicroelectronics N.V., Maxim Integrated Products, Inc., Fuji Electric Co., Ltd., NXP Semiconductors N.V., and Qualcomm are a few major players in the global power electronics market. Increasing deployment of smart grid applications and increasing demand for deployment of low carbon emission power systems are major factors driving the growth of the global power electronics market. Furthermore, growing focus towards the use of renewable power resources is boosting the growth of the market. Also, growing demand for enhancement of power infrastructure is set to drive the growth of the power electronics market.

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Major Key Players

Infineon Technologies AG (Germany),
Texas Instruments, Inc. (U.S.),
ON Semiconductor Corp. (U.S.),
STMicroelectronics N.V. (Switzerland),
Maxim Integrated Products, Inc. (U.S.),
Fuji Electric Co., Ltd. (Japan),
NXP Semiconductors N.V. (The Netherland),
Qualcomm, Inc. (U.S),
Vishay Intertechnology, Inc. (U.S.),
Renesas Electronics Corp. (Japan),
Mitsubishi Electric Corp. (Japan)
According to MRFR, the global Power Electronics Market is expected to grow at a CAGR of approximately 3% during the forecast period 2017-2023.

Competitive Landscape:

Companies such as Infineon Technologies and Mitsubishi Corporation have launched new power modules to attract new clientele. Recently, Deplhi launched a patented power switch with double cooling to function longer in extreme temperatures. It can find application in electric and hybrid vehicles. In addition, demand for infotainment systems and interactive dashboards can increase the scope of the product exponentially in the market.

Regional Analysis:

Geographically, the global power electronics market has been segmented into four major regions such as North America, Asia Pacific (APAC), Europe and the rest of the world. The Asia Pacific (APAC) region commands the major share of the global power electronics market. The factors such as increased manufacturing and export of electronic devices due to the availability of cheap raw materials in the emerging economies, rise in popularity of energy efficient devices, and increasing availability of smart devices at affordable prices are majorly propelling the growth of the global power electronics market in the Asia Pacific (APAC) region. Growing demand for technologically advanced electronic devices, increasing emergence for energy conservation by utilizing energy efficient devices, and increased availability of affordable smart devices are majorly propelling the growth of the global power electronics market in the North America region. Easy adoption of technologically advanced devices, high demand for energy efficient power electronic devices as result of rise in disposable income and increased penetration of smart devices are majorly fueling the growth of the global power electronics market in the Europe region.

Segmentation:

The global power electronics market has been segmented on the basis of material, device type, and vertical. Based on material, the global power electronics market has been segmented into silicon, silicon carbide, gallium nitride, sapphire, and others. Among these, the silicon segment commands the largest share of the global power electronics market during the forecast period owing to teh increasing application of silicon in multiple power electronics products and devices. Based on device type, the global power electronics market has been segmented into power discrete, power module, and power IC. Based on vertical, the global power electronics market has been segmented into IT and telecommunication, consumer electronics, power, automotive, and aerospace and defense.

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Intended Audience:

Technology Investors
Research/Consultancy firms
Technology Solution Providers
Government Bodies
Regulatory agencies
Technology Solution vendors
System integrators
National regulatory authorities
Venture capitalists
Investment houses
LIST OF TABLES

Table 1 Global Power Electronics Market: By Region, 2017-2023

Table 2 North America Power Electronics Market: By Country, 2017-2023

Table 3 Europe Power Electronics Market: By Country, 2017-2023

Table 4 Asia Pacific Power Electronics Market: By Country, 2017-2023

Table 5 The Middle East & Africa Power Electronics Market: By Country, 2017-2023

Table 6 Latin America Power Electronics Market: By Country, 2017-2023

Table 7 Global Power Electronics by Material Market: By Regions, 2017-2023

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LIST OF FIGURES

FIGURE 1 Global Power Electronics Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Power Electronics Market

FIGURE 4 Value Chain of Global Power Electronics Market

FIGURE 5 Share of Global Power Electronics Market in 2017, by country (in %)

Continued……

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