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Power Electronics for Renewable Energy Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023-2031

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    Report

  • 117 Pages
  • November 2023
  • Region: Global
  • Acute Market Reports
  • ID: 5916093
Description Jump to:
Power electronics for the renewable energy market are a critical component of the sustainable energy landscape, enabling the efficient conversion and management of renewable energy sources. The power electronics for renewable energy market is expected to grow at a CAGR of 7.5% during the forecast period of 2023 to 2031, driven by the global emphasis on clean energy, technological advancements, government policies, and incentives. While the intermittent nature of renewable energy sources remains a challenge, the industry is actively working on solutions to enhance grid stability and energy reliability. The market segmentation by device type and application provides valuable insights

Growing Global Emphasis on Clean Energy

One of the primary drivers of the power electronics for the renewable energy market is the increasing global emphasis on clean and sustainable energy sources. Governments, industries, and consumers worldwide are recognizing the need to transition away from fossil fuels to mitigate climate change and reduce environmental impact. Renewable energy sources, such as solar, wind, and hydroelectric power, play a pivotal role in this transition. Power electronics facilitate the efficient conversion and integration of these intermittent energy sources into the grid. The growing investments in renewable energy projects and incentives to adopt clean energy technologies are propelling the demand for power electronics in the sector. According to the International Energy Agency, global renewable electricity capacity is expected to expand by almost 50% by 2024, highlighting the significant growth potential for power electronics in this sector.

Technological Advancements and Efficiency Gains

Continuous technological advancements in power electronics have driven efficiency gains and cost reductions, making renewable energy more competitive. Innovations in power semiconductor devices, smart grid technology, and energy storage solutions have enhanced the performance of power electronics systems. This, in turn, has improved the overall efficiency of renewable energy generation, transmission, and utilization. Advanced power electronics contribute to reducing energy losses and enhancing grid stability, making renewable energy sources a more reliable and viable option for the energy industry. Research published in the journal IEEE Transactions on Industrial Electronics highlights the advancements in power electronics that have significantly improved the efficiency of photovoltaic systems and wind turbines.

Government Policies and Incentives

Government policies and incentives at the national and regional levels have played a crucial role in driving the adoption of power electronics for renewable energy. Subsidies, tax credits, feed-in tariffs, and renewable portfolio standards encourage investments in renewable energy projects and the deployment of power electronics systems. Furthermore, regulations promoting grid integration and clean energy goals have created a conducive environment for the growth of Power Electronics for the Renewable Energy market. The U.S. Investment Tax Credit have significantly boosted the installation of renewable energy projects, contributing to the increased demand for power electronics systems.

Restraint for the Power Electronics for Renewable Energy Market

While the Power Electronics for Renewable Energy market holds promising prospects, a significant restraint is the intermittent nature of renewable energy sources. Solar and wind power generation, for instance, are subject to fluctuations in energy production due to weather conditions. Power electronics can mitigate these fluctuations, but the intermittent nature of renewable sources still poses challenges to grid stability and energy supply reliability. The industry needs to invest in robust energy storage solutions and advanced grid management systems to address these challenges effectively. Grid instability and energy supply issues have been observed during periods of low renewable energy generation, which highlights the need for advanced power electronics and energy storage solutions to maintain a stable and reliable energy supply.

Market Segmentation by Device Type: Power Module Dominates the Market

The power electronics for the renewable energy market can be segmented by device type into three categories: power discrete, power module, and power IC. In 2022, the power module segment generated the highest revenue. Power modules are favored for their compact design and high power density, making them suitable for renewable energy systems. For the period from 2023 to 2031, the power IC segment is expected to exhibit the highest CAGR. Integrated circuits offer advantages in terms of miniaturization and efficient power management, making them a preferred choice as the market progresses.

Market Segmentation by Application: Power Generation Dominates the Market
The power electronics for the renewable energy market can be segmented by application into four categories: power generation, power transmission, power distribution, and power control. In 2022, the power generation segment witnessed the highest revenue. Efficient power electronics systems are essential for optimizing energy production from renewable sources. For the period from 2023 to 2031, the power control segment is expected to experience the highest CAGR. Power control applications, including energy storage and grid management, are increasingly crucial for ensuring the reliable integration of renewable energy into the power grid.

North America Remains the Global Leader

The power electronics for renewable energy market exhibits geographic variations in demand and growth. Geographic trends indicate that regions with abundant renewable energy resources and strong policy support tend to lead in renewable energy adoption and the use of power electronics systems. For instance, regions like Europe and North America have experienced significant growth due to their focus on clean energy and advanced grid infrastructure. When considering the region with the highest CAGR during the forecast period from 2023 to 2031, Asia-Pacific is expected to exhibit the most substantial growth. Asia-Pacific's rapid industrialization and population growth have intensified the demand for renewable energy solutions, including power electronics for grid integration. In terms of revenue percentage, North America is expected to maintain its position as the region with the highest revenue percentage throughout the forecast period. The region's continued investments in renewable energy projects and the adoption of advanced power electronics systems contribute to its prominent share in the Power Electronics for Renewable Energy market.

Competitive Trends, Top Players, and Key Strategies

The power electronics for renewable energy market features several key players, each employing specific strategies to maintain and expand their market presence. The top players in the market include established companies like ABB Ltd, Siemens AG, Schneider Electric, Fuji Electric Co., Ltd., GaN Systems, Hitachi, Ltd., Infineon Technologies AG, Littelfuse, Inc., Microchip Technology Inc., Renesas Electronics Corporation, ROHM CO., LTD., Semikron Danfoss, Toshiba International Corporation, UnitedSiC, and others. In 2022, ABB Ltd held a significant market share, offering a wide range of power electronics solutions for renewable energy applications. The company's strategy revolved around innovation, enhancing the efficiency of power conversion systems, and expanding its global reach. Siemens AG, another industry leader, excelled in providing power electronics for power transmission and distribution applications in renewable energy. Their strategy emphasized strengthening partnerships with utilities and government bodies to support grid integration projects. Schneider Electric, with a focus on power control and energy management, positioned itself as a key player in the renewable energy market. Their strategy centered on providing comprehensive energy management solutions for the optimization of renewable energy systems. For the forecast period from 2023 to 2031, these companies are expected to continue their strategies, focusing on innovation, customization, sustainability, and expanding their global footprint. They will explore new markets and technologies to maintain their competitive edge in the evolving power electronics for the renewable energy market.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate for each of the respective segments estimated for the forecast period of 2023 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofPower Electronics for Renewable Energy market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Power Electronics for Renewable Energy market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Device Type

  • Power Discrete
  • Rectifier Discrete
  • Bipolar Discrete
  • GaN Discrete
  • SiC Discrete
  • MOSFET Discrete
  • IGBT Discrete
  • Power Module
  • Thyristor Module
  • SiC Module
  • IGBT Module
  • Power IC

Component

  • Converters
  • DC to DC Converters
  • AC to DC Converter
  • AC to AC Converters
  • Inverters
  • Single-phase Inverters
  • Three-phase Inverters
  • Transformers
  • Voltage Control Devices
  • Others

Application

  • Power Generation
  • Power Transmission
  • Power Distribution
  • Power Control

Power Range

  • Up to 1 MW
  • 1 MW to 3 MW
  • 3 MW to 5 MW
  • Above 5 MW

End-Use

  • Solar PV
  • Wind
  • Hydro
  • Fuel Cell
  • Others

Region Segment

  • North America
  • U.S.
  • Canada
  • Rest of North America
  • UK and European Union
  • UK
  • Germany
  • Spain
  • Italy
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East and Africa
  • GCC
  • Africa
  • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Power Electronics for Renewable Energy market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2031.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Power Electronics for Renewable Energy market?
  • Which is the largest regional market for Power Electronics for Renewable Energy market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Power Electronics for Renewable Energy market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Power Electronics for Renewable Energy market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Power Electronics for Renewable Energy Market
2.2. Global Power Electronics for Renewable Energy Market, By Device Type, 2022 (US$ Million)
2.3. Global Power Electronics for Renewable Energy Market, By Component, 2022 (US$ Million)
2.4. Global Power Electronics for Renewable Energy Market, By Application, 2022 (US$ Million)
2.5. Global Power Electronics for Renewable Energy Market, By Power Range, 2022 (US$ Million)
2.6. Global Power Electronics for Renewable Energy Market, By End-Use, 2022 (US$ Million)
2.7. Global Power Electronics for Renewable Energy Market, By Geography, 2022 (US$ Million)
2.8. Attractive Investment Proposition by Geography, 2022
3. Power Electronics for Renewable Energy Market: Competitive Analysis
3.1. Market Positioning of Key Power Electronics for Renewable Energy Market Vendors
3.2. Strategies Adopted by Power Electronics for Renewable Energy Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2022 Versus 2031
4. Power Electronics for Renewable Energy Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Power Electronics for Renewable Energy Market Value, 2021 - 2031, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
4.6. Porter's Five Forces Model
4.6.1. Supplier Power
4.6.2. Buyer Power
4.6.3. Threat Of Substitutes
4.6.4. Threat Of New Entrants
4.6.5. Competitive Rivalry
4.7. PESTEL Analysis
4.7.1. Political Landscape
4.7.2. Economic Landscape
4.7.3. Technology Landscape
4.7.4. Legal Landscape
4.7.5. Social Landscape
5. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2022 Versus 2031
5.3. Market Segmentation
5.3.1. Power Discrete
5.3.1.1. Rectifier Discrete
5.3.1.2. Bipolar Discrete
5.3.1.3. GaN Discrete
5.3.1.4. SiC Discrete
5.3.1.5. MOSFET Discrete
5.3.1.6. IGBT Discrete
5.3.2. Power Module
5.3.2.1. Thyristor Module
5.3.2.2. SiC Module
5.3.2.3. IGBT Module
5.3.3. Power IC
6. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2022 Versus 2031
6.3. Market Segmentation
6.3.1. Converters
6.3.1.1. DC to DC Converters
6.3.1.2. AC to DC Converter
6.3.1.3. AC to AC Converters
6.3.2. Inverters
6.3.2.1. Single-phase Inverters
6.3.2.2. Three-phase Inverters
6.3.3. Transformers
6.3.4. Voltage Control Devices
6.3.5. Others
7. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
7.1. Market Overview
7.2. Growth & Revenue Analysis: 2022 Versus 2031
7.3. Market Segmentation
7.3.1. Power Generation
7.3.2. Power Transmission
7.3.3. Power Distribution
7.3.4. Power Control
8. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
8.1. Market Overview
8.2. Growth & Revenue Analysis: 2022 Versus 2031
8.3. Market Segmentation
8.3.1. Up to 1 MW
8.3.2. 1 MW to 3 MW
8.3.3. 3 MW to 5 MW
8.3.4. Above 5 MW
9. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
9.1. Market Overview
9.2. Growth & Revenue Analysis: 2022 Versus 2031
9.3. Market Segmentation
9.3.1. Solar PV
9.3.2. Wind
9.3.3. Hydro
9.3.4. Fuel Cell
9.3.5. Others
10. North America Power Electronics for Renewable Energy Market, 2021-2031, USD (Million)
10.1. Market Overview
10.2. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
10.3. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
10.4. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
10.5. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
10.6. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
10.7. Power Electronics for Renewable Energy Market: By Region, 2021-2031, USD (Million)
10.7.1. North America
10.7.1.1. U.S.
10.7.1.1.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
10.7.1.1.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
10.7.1.1.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
10.7.1.1.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
10.7.1.1.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
10.7.1.2. Canada
10.7.1.2.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
10.7.1.2.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
10.7.1.2.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
10.7.1.2.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
10.7.1.2.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
10.7.1.3. Rest of North America
10.7.1.3.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
10.7.1.3.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
10.7.1.3.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
10.7.1.3.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
10.7.1.3.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
11. UK and European Union Power Electronics for Renewable Energy Market, 2021-2031, USD (Million)
11.1. Market Overview
11.2. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
11.3. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
11.4. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
11.5. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
11.6. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
11.7. Power Electronics for Renewable Energy Market: By Region, 2021-2031, USD (Million)
11.7.1. UK and European Union
11.7.1.1. UK
11.7.1.1.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
11.7.1.1.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
11.7.1.1.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
11.7.1.1.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
11.7.1.1.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
11.7.1.2. Germany
11.7.1.2.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
11.7.1.2.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
11.7.1.2.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
11.7.1.2.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
11.7.1.2.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
11.7.1.3. Spain
11.7.1.3.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
11.7.1.3.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
11.7.1.3.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
11.7.1.3.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
11.7.1.3.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
11.7.1.4. Italy
11.7.1.4.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
11.7.1.4.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
11.7.1.4.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
11.7.1.4.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
11.7.1.4.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
11.7.1.5. France
11.7.1.5.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
11.7.1.5.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
11.7.1.5.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
11.7.1.5.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
11.7.1.5.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
11.7.1.6. Rest of Europe
11.7.1.6.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
11.7.1.6.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
11.7.1.6.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
11.7.1.6.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
11.7.1.6.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
12. Asia Pacific Power Electronics for Renewable Energy Market, 2021-2031, USD (Million)
12.1. Market Overview
12.2. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
12.3. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
12.4. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
12.5. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
12.6. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
12.7. Power Electronics for Renewable Energy Market: By Region, 2021-2031, USD (Million)
12.7.1. Asia Pacific
12.7.1.1. China
12.7.1.1.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
12.7.1.1.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
12.7.1.1.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
12.7.1.1.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
12.7.1.1.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
12.7.1.2. Japan
12.7.1.2.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
12.7.1.2.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
12.7.1.2.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
12.7.1.2.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
12.7.1.2.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
12.7.1.3. India
12.7.1.3.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
12.7.1.3.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
12.7.1.3.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
12.7.1.3.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
12.7.1.3.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
12.7.1.4. Australia
12.7.1.4.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
12.7.1.4.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
12.7.1.4.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
12.7.1.4.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
12.7.1.4.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
12.7.1.5. South Korea
12.7.1.5.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
12.7.1.5.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
12.7.1.5.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
12.7.1.5.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
12.7.1.5.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
12.7.1.6. Rest of Asia Pacific
12.7.1.6.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
12.7.1.6.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
12.7.1.6.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
12.7.1.6.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
12.7.1.6.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
13. Latin America Power Electronics for Renewable Energy Market, 2021-2031, USD (Million)
13.1. Market Overview
13.2. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
13.3. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
13.4. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
13.5. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
13.6. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
13.7. Power Electronics for Renewable Energy Market: By Region, 2021-2031, USD (Million)
13.7.1. Latin America
13.7.1.1. Brazil
13.7.1.1.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
13.7.1.1.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
13.7.1.1.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
13.7.1.1.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
13.7.1.1.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
13.7.1.2. Mexico
13.7.1.2.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
13.7.1.2.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
13.7.1.2.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
13.7.1.2.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
13.7.1.2.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
13.7.1.3. Rest of Latin America
13.7.1.3.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
13.7.1.3.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
13.7.1.3.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
13.7.1.3.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
13.7.1.3.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
14. Middle East and Africa Power Electronics for Renewable Energy Market, 2021-2031, USD (Million)
14.1. Market Overview
14.2. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
14.3. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
14.4. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
14.5. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
14.6. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
14.7. Power Electronics for Renewable Energy Market: By Region, 2021-2031, USD (Million)
14.7.1. Middle East and Africa
14.7.1.1. GCC
14.7.1.1.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
14.7.1.1.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
14.7.1.1.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
14.7.1.1.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
14.7.1.1.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
14.7.1.2. Africa
14.7.1.2.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
14.7.1.2.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
14.7.1.2.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
14.7.1.2.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
14.7.1.2.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
14.7.1.3. Rest of Middle East and Africa
14.7.1.3.1. Power Electronics for Renewable Energy Market: By Device Type, 2021-2031, USD (Million)
14.7.1.3.2. Power Electronics for Renewable Energy Market: By Component, 2021-2031, USD (Million)
14.7.1.3.3. Power Electronics for Renewable Energy Market: By Application, 2021-2031, USD (Million)
14.7.1.3.4. Power Electronics for Renewable Energy Market: By Power Range, 2021-2031, USD (Million)
14.7.1.3.5. Power Electronics for Renewable Energy Market: By End-Use, 2021-2031, USD (Million)
15. Company Profile
15.1. ABB Ltd
15.1.1. Company Overview
15.1.2. Financial Performance
15.1.3. Product Portfolio
15.1.4. Strategic Initiatives
15.2. Siemens AG
15.2.1. Company Overview
15.2.2. Financial Performance
15.2.3. Product Portfolio
15.2.4. Strategic Initiatives
15.3. Schneider Electric
15.3.1. Company Overview
15.3.2. Financial Performance
15.3.3. Product Portfolio
15.3.4. Strategic Initiatives
15.4. Fuji Electric Co., Ltd.
15.4.1. Company Overview
15.4.2. Financial Performance
15.4.3. Product Portfolio
15.4.4. Strategic Initiatives
15.5. GaN Systems
15.5.1. Company Overview
15.5.2. Financial Performance
15.5.3. Product Portfolio
15.5.4. Strategic Initiatives
15.6. Hitachi, Ltd.
15.6.1. Company Overview
15.6.2. Financial Performance
15.6.3. Product Portfolio
15.6.4. Strategic Initiatives
15.7. Infineon Technologies AG
15.7.1. Company Overview
15.7.2. Financial Performance
15.7.3. Product Portfolio
15.7.4. Strategic Initiatives
15.8. Littelfuse, Inc.
15.8.1. Company Overview
15.8.2. Financial Performance
15.8.3. Product Portfolio
15.8.4. Strategic Initiatives
15.9. Microchip Technology Inc.
15.9.1. Company Overview
15.9.2. Financial Performance
15.9.3. Product Portfolio
15.9.4. Strategic Initiatives
15.10. Renesas Electronics Corporation
15.10.1. Company Overview
15.10.2. Financial Performance
15.10.3. Product Portfolio
15.10.4. Strategic Initiatives
15.11. ROHM CO., LTD.
15.11.1. Company Overview
15.11.2. Financial Performance
15.11.3. Product Portfolio
15.11.4. Strategic Initiatives
15.12. Semikron Danfoss
15.12.1. Company Overview
15.12.2. Financial Performance
15.12.3. Product Portfolio
15.12.4. Strategic Initiatives
15.13. Toshiba International Corporation
15.13.1. Company Overview
15.13.2. Financial Performance
15.13.3. Product Portfolio
15.13.4. Strategic Initiatives
15.14. UnitedSiC
15.14.1. Company Overview
15.14.2. Financial Performance
15.14.3. Product Portfolio
15.14.4. Strategic Initiatives
15.15. Other Notable Players
15.15.1. Company Overview
15.15.2. Financial Performance
15.15.3. Product Portfolio
15.15.4. Strategic Initiatives
List of Figures
FIG. 1 Global Power Electronics for Renewable Energy Market: Market Coverage
FIG. 2 Research Methodology and Data Sources
FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
FIG. 4 Global Power Electronics for Renewable Energy Market: Quality Assurance
FIG. 5 Global Power Electronics for Renewable Energy Market, By Device Type, 2022
FIG. 6 Global Power Electronics for Renewable Energy Market, By Component, 2022
FIG. 7 Global Power Electronics for Renewable Energy Market, By Application, 2022
FIG. 8 Global Power Electronics for Renewable Energy Market, By Power Range, 2022
FIG. 9 Global Power Electronics for Renewable Energy Market, By End-Use, 2022
FIG. 10 Global Power Electronics for Renewable Energy Market, By Geography, 2022
FIG. 11 Market Geographical Opportunity Matrix - Global Power Electronics for Renewable Energy Market, 2022
FIG. 12 Market Positioning of Key Power Electronics for Renewable Energy Market Players, 2022
FIG. 13 Global Power Electronics for Renewable Energy Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031
FIG. 14 Global Power Electronics for Renewable Energy Market, By Device Type, 2022 Vs 2031, %
FIG. 15 Global Power Electronics for Renewable Energy Market, By Component, 2022 Vs 2031, %
FIG. 16 Global Power Electronics for Renewable Energy Market, By Application, 2022 Vs 2031, %
FIG. 17 Global Power Electronics for Renewable Energy Market, By Power Range, 2022 Vs 2031, %
FIG. 18 Global Power Electronics for Renewable Energy Market, By End-Use, 2022 Vs 2031, %
FIG. 19 U.S. Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 20 Canada Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 21 Rest of North America Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 22 UK Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 23 Germany Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 24 Spain Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 25 Italy Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 26 France Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 27 Rest of Europe Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 28 China Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 29 Japan Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 30 India Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 31 Australia Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 32 South Korea Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 33 Rest of Asia Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 34 Brazil Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 35 Mexico Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 36 Rest of Latin America Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 37 GCC Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 38 Africa Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
FIG. 39 Rest of Middle East and Africa Power Electronics for Renewable Energy Market (US$ Million), 2021-2031
Table 1 Global Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 2 Global Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 3 Global Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 4 Global Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 5 Global Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 6 Global Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 7 Global Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 8 Global Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 9 Global Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 10 North America Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 11 North America Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 12 North America Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 13 North America Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 14 North America Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 15 North America Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 16 North America Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 17 North America Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 18 North America Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 19 U.S. Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 20 U.S. Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 21 U.S. Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 22 U.S. Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 23 U.S. Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 24 U.S. Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 25 U.S. Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 26 U.S. Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 27 U.S. Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 28 Canada Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 29 Canada Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 30 Canada Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 31 Canada Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 32 Canada Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 33 Canada Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 34 Canada Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 35 Canada Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 36 Canada Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 37 Rest of North America Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 38 Rest of North America Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 39 Rest of North America Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 40 Rest of North America Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 41 Rest of North America Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 42 Rest of North America Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 43 Rest of North America Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 44 Rest of North America Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 45 Rest of North America Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 46 UK and European Union Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 47 UK and European Union Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 48 UK and European Union Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 49 UK and European Union Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 50 UK and European Union Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 51 UK and European Union Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 52 UK and European Union Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 53 UK and European Union Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 54 UK and European Union Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 55 UK Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 56 UK Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 57 UK Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 58 UK Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 59 UK Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 60 UK Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 61 UK Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 62 UK Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 63 UK Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 64 Germany Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 65 Germany Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 66 Germany Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 67 Germany Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 68 Germany Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 69 Germany Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 70 Germany Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 71 Germany Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 72 Germany Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 73 Spain Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 74 Spain Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 75 Spain Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 76 Spain Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 77 Spain Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 78 Spain Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 79 Spain Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 80 Spain Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 81 Spain Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 82 Italy Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 83 Italy Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 84 Italy Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 85 Italy Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 86 Italy Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 87 Italy Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 88 Italy Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 89 Italy Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 90 Italy Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 91 France Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 92 France Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 93 France Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 94 France Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 95 France Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 96 France Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 97 France Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 98 France Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 99 France Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 100 Rest of Europe Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 101 Rest of Europe Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 102 Rest of Europe Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 103 Rest of Europe Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 104 Rest of Europe Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 105 Rest of Europe Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 106 Rest of Europe Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 107 Rest of Europe Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 108 Rest of Europe Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 109 Asia Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 110 Asia Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 111 Asia Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 112 Asia Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 113 Asia Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 114 Asia Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 115 Asia Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 116 Asia Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 117 Asia Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 118 China Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 119 China Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 120 China Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 121 China Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 122 China Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 123 China Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 124 China Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 125 China Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 126 China Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 127 Japan Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 128 Japan Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 129 Japan Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 130 Japan Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 131 Japan Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 132 Japan Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 133 Japan Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 134 Japan Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 135 Japan Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 136 India Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 137 India Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 138 India Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 139 India Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 140 India Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 141 India Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 142 India Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 143 India Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 144 India Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 145 Australia Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 146 Australia Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 147 Australia Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 148 Australia Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 149 Australia Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 150 Australia Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 151 Australia Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 152 Australia Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 153 Australia Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 154 South Korea Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 155 South Korea Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 156 South Korea Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 157 South Korea Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 158 South Korea Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 159 South Korea Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 160 South Korea Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 161 South Korea Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 162 South Korea Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 163 Latin America Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 164 Latin America Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 165 Latin America Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 166 Latin America Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 167 Latin America Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 168 Latin America Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 169 Latin America Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 170 Latin America Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 171 Latin America Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 172 Brazil Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 173 Brazil Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 174 Brazil Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 175 Brazil Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 176 Brazil Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 177 Brazil Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 178 Brazil Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 179 Brazil Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 180 Brazil Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 181 Mexico Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 182 Mexico Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 183 Mexico Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 184 Mexico Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 185 Mexico Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 186 Mexico Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 187 Mexico Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 188 Mexico Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 189 Mexico Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 190 Rest of Latin America Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 191 Rest of Latin America Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 192 Rest of Latin America Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 193 Rest of Latin America Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 194 Rest of Latin America Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 195 Rest of Latin America Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 196 Rest of Latin America Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 197 Rest of Latin America Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 198 Rest of Latin America Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 199 Middle East and Africa Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 200 Middle East and Africa Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 201 Middle East and Africa Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 202 Middle East and Africa Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 203 Middle East and Africa Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 204 Middle East and Africa Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 205 Middle East and Africa Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 206 Middle East and Africa Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 207 Middle East and Africa Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 208 GCC Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 209 GCC Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 210 GCC Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 211 GCC Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 212 GCC Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 213 GCC Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 214 GCC Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 215 GCC Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 216 GCC Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 217 Africa Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 218 Africa Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 219 Africa Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 220 Africa Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 221 Africa Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 222 Africa Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 223 Africa Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 224 Africa Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 225 Africa Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)
TABLE 226 Rest of Middle East and Africa Power Electronics for Renewable Energy Market By Device Type, 2021-2031, USD (Million)
TABLE 227 Rest of Middle East and Africa Power Electronics for Renewable Energy Market By Power Discrete, 2021-2031, USD (Million)
TABLE 228 Rest of Middle East and Africa Power Electronics for Renewable Energy Market By Power Module, 2021-2031, USD (Million)
TABLE 229 Rest of Middle East and Africa Power Electronics for Renewable Energy Market By Component, 2021-2031, USD (Million)
TABLE 230 Rest of Middle East and Africa Power Electronics for Renewable Energy Market By Converters, 2021-2031, USD (Million)
TABLE 231 Rest of Middle East and Africa Power Electronics for Renewable Energy Market By Inverters, 2021-2031, USD (Million)
TABLE 232 Rest of Middle East and Africa Power Electronics for Renewable Energy Market By Application, 2021-2031, USD (Million)
TABLE 233 Rest of Middle East and Africa Power Electronics for Renewable Energy Market By Power Range, 2021-2031, USD (Million)
TABLE 234 Rest of Middle East and Africa Power Electronics for Renewable Energy Market By End-Use, 2021-2031, USD (Million)

Companies Mentioned

  • ABB Ltd
  • Siemens AG
  • Schneider Electric
  • Fuji Electric Co., Ltd.
  • GaN Systems
  • Hitachi, Ltd.
  • Infineon Technologies AG
  • Littelfuse, Inc.
  • Microchip Technology Inc.
  • Renesas Electronics Corporation
  • ROHM CO., LTD.
  • Semikron Danfoss
  • Toshiba International Corporation
  • UnitedSiC

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About the Market

Power electronics for renewable energy refers to advanced semiconductor devices and accompanying systems that manage the conversion, control, and conditioning of electrical power from renewable energy sources such as solar (photovoltaic or PV), wind, hydroelectric, and geothermal power into a form that can be efficiently distributed and used by the electrical grid or off-grid applications. These systems include inverters, converters, controllers, and other power electronic devices that play crucial roles in maximizing energy harvest, ensuring power quality, and providing grid support functions. The advancement of these technologies has been instrumental in enhancing the capability of renewable energy systems to integrate seamlessly with existing power systems and to compete with traditional energy sources. The importance of power electronics in renewable energy continues to grow with the increasing penetration of renewable sources in the energy mix. They are pivotal in addressing challenges related to the intermittent nature of renewable energy and ensuring reliability and efficiency in the transmission and distribution of renewable power. Prominent companies in the power electronics for renewable energy market include ABB Ltd, Siemens AG, General Electric, Schneider Electric, Mitsubishi Electric Corporation, SMA Solar Technology AG, and Enphase Energy. These enterprises are at the forefront of innovation, offering a range of products and services that enable effective energy management and contribute to the proliferation of sustainable energy solutions. Show Less Read more

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