Market Overview:
The global power electronics market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of X.X%. The growth of the market is mainly driven by the increasing demand for consumer electronics, energy & power, industrial system, inverter & UPS and automotive applications. The power IC segment is expected to hold the largest share of the global power electronics market during the forecast period. This can be attributed to the growing demand for miniaturized and high-efficiency devices in consumer electronics and automotive applications. The Asia Pacific region is expected to dominate the global power electronics market during the forecast period. This can be attributed to factors such as rising disposable income, growing population, and rapid industrialization in countries such as China and India.
Product Definition:
Power electronics is the application of solid-state electronics to the control and conversion of electric power. It has become ubiquitous in modern societies, Power electronics are used in a wide range of applications from aerospace and defense systems to portable consumer devices. The importance of power electronics is that it enables efficient conversion between different forms of electrical energy, making it possible to use renewable energy sources such as solar and wind power without sacrificing performance or increasing costs.
Power IC:
Power IC is used in power electronic devices such as converters, step-down regulators, DC/AC converters and inverters. Power electronics are used to convert the electrical energy from a source of high voltage to a lower one while maintaining the desired output current. The main function of these devices is to regulate and monitor electric power efficiently using switching components such as diodes and transistors along with other components like resistors, capacitors etc.
Power Module:
Power module is a device that helps to regulate and control power flow in electronic devices. It has various applications such as electric vehicles, industrial automation systems, consumer electronics, and data processing machines among others. The demand for power modules is expected to witness significant growth over the forecast period owing to increasing use of electronic devices across the globe.
The growing need for controlling.
Application Insights:
The consumer electronics segment accounted for the largest market share in 2017 and is anticipated to maintain its dominance over the forecast period. The growing demand for power modules with enhanced efficiency, compact size, and lightweight is expected to drive product demand in this application segment. Furthermore, increasing use of power ICs with features such as high efficiency switching & conversion mode along with digital signal processing capabilities are driving their demand in consumer electronics applications.
The industrial system application segment was valued at USD 2.96 billion in 2017 owing to rising adoption of PLCs that offer a wide range of options for automation solutions across various industries such as oil & gas and manufacturing plants globally. Moreover, these devices also offer improved control functions that enhance overall plant operations leading to increased adoption across various industrial systems worldwide including chemical plants petrochemical refineries oil refining facilities etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for energy-efficient products and growing manufacturing sector in countries such as China, India, Japan, and South Korea. Increasing industrialization coupled with rising government initiatives in developing economies of Asia Pacific region will drive industry expansion further.
Europe power electronics market was valued at USD X billion in 2017 owing to high demand from inverter & UPS segment due to increased adoption of renewable energy sources along with stringent regulations on pollution emission by governments across various countries have resulted in high penetration of battery banks for back up systems used by households.
Growth Factors:
- Increasing demand for electric vehicles
- Rising demand from the renewable energy sector
- Growing popularity of smart grids and microgrids
- Proliferation of Internet of Things (IoT) and big data analytics
- Development of next-generation power semiconductor materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Electronics Market Research Report
By Type
Power IC, Power Module, Power Discrete
By Application
Consumer Electronics, Energy & Power, Industrial System, Inverter & UPS, Automotive
By Companies
Infineon Technologies, Mitsubishi Electric Corp, Toshiba Corporation, STMicroelectronics, Fuji Electric, Rockwell Automation, Microchip Technology Corporation, Texas Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Power Electronics Market Report Segments:
The global Power Electronics market is segmented on the basis of:
Types
Power IC, Power Module, Power Discrete
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Energy & Power, Industrial System, Inverter & UPS, Automotive
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Infineon Technologies
- Mitsubishi Electric Corp
- Toshiba Corporation
- STMicroelectronics
- Fuji Electric
- Rockwell Automation
- Microchip Technology Corporation
- Texas Instruments
Highlights of The Power Electronics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Power IC
- Power Module
- Power Discrete
- By Application:
- Consumer Electronics
- Energy & Power
- Industrial System
- Inverter & UPS
- Automotive
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Power Electronics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Power electronics is a technology that controls and manages the power delivered to electronic devices. It includes components such as switches, capacitors, inductors, and transformers. Power electronics can help reduce energy waste by optimizing the use of power sources and managing voltage levels.
Some of the major companies in the power electronics market are Infineon Technologies, Mitsubishi Electric Corp, Toshiba Corporation, STMicroelectronics, Fuji Electric, Rockwell Automation, Microchip Technology Corporation, Texas Instruments.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Electronics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Power Electronics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Electronics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Power Electronics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Power Electronics Market Size & Forecast, 2018-2028
4.5.1 Power Electronics Market Size and Y-o-Y Growth
4.5.2 Power Electronics Market Absolute $ Opportunity
Chapter 5 Global Power Electronics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Power Electronics Market Size Forecast by Type
5.2.1 Power IC
5.2.2 Power Module
5.2.3 Power Discrete
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Electronics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Power Electronics Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Energy & Power
6.2.3 Industrial System
6.2.4 Inverter & UPS
6.2.5 Automotive
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Electronics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Power Electronics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Power Electronics Analysis and Forecast
9.1 Introduction
9.2 North America Power Electronics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Power Electronics Market Size Forecast by Type
9.6.1 Power IC
9.6.2 Power Module
9.6.3 Power Discrete
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Power Electronics Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Energy & Power
9.10.3 Industrial System
9.10.4 Inverter & UPS
9.10.5 Automotive
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Power Electronics Analysis and Forecast
10.1 Introduction
10.2 Europe Power Electronics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Power Electronics Market Size Forecast by Type
10.6.1 Power IC
10.6.2 Power Module
10.6.3 Power Discrete
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Power Electronics Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Energy & Power
10.10.3 Industrial System
10.10.4 Inverter & UPS
10.10.5 Automotive
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Power Electronics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Electronics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Power Electronics Market Size Forecast by Type
11.6.1 Power IC
11.6.2 Power Module
11.6.3 Power Discrete
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Power Electronics Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Energy & Power
11.10.3 Industrial System
11.10.4 Inverter & UPS
11.10.5 Automotive
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Power Electronics Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Electronics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Power Electronics Market Size Forecast by Type
12.6.1 Power IC
12.6.2 Power Module
12.6.3 Power Discrete
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Power Electronics Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Energy & Power
12.10.3 Industrial System
12.10.4 Inverter & UPS
12.10.5 Automotive
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Power Electronics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Electronics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Power Electronics Market Size Forecast by Type
13.6.1 Power IC
13.6.2 Power Module
13.6.3 Power Discrete
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Power Electronics Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Energy & Power
13.10.3 Industrial System
13.10.4 Inverter & UPS
13.10.5 Automotive
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Power Electronics Market: Competitive Dashboard
14.2 Global Power Electronics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Infineon Technologies
14.3.2 Mitsubishi Electric Corp
14.3.3 Toshiba Corporation
14.3.4 STMicroelectronics
14.3.5 Fuji Electric
14.3.6 Rockwell Automation
14.3.7 Microchip Technology Corporation
14.3.8 Texas Instruments
