Quick Summary:
In an era earmarked by exponential growth in technology, staying ahead of market trends is crucial for strategic success. The Global Power Electronics market, currently estimated at US$35.8 Billion, presents a promising horizon of opportunities with expectations to skyrocket to a substantial US$61.8 Billion by 2030.
Our in-depth market research report, a valuable asset for senior business executives, offers a comprehensive analysis of this dynamic landscape. Peel back the layers of the Power ICs and Power Modules segments to reveal key growth trends and projections. Our report also provides crucial insights into economic activity across varied geographic markets, including the U.S., China, Japan, Canada and Europe. With updated competitor analysis featuring 93 notable industry players, you are equipped to navigate the competition effectively. Gain proprietary insights and stay in sync with the pulse of the global power electronics market with our invaluable report.
Global Power Electronics Market to Reach $61.8 Billion by 2030
The global market for Power Electronics estimated at US$35.8 Billion in the year 2022, is projected to reach a revised size of US$61.8 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030. Power ICs, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$32 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Power Modules segment is readjusted to a revised 7.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $9.7 Billion, While China is Forecast to Grow at 10.8% CAGR
The Power Electronics market in the U.S. is estimated at US$9.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13.7 Billion by the year 2030 trailing a CAGR of 10.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.Select Competitors (Total 93 Featured) -
- ABB Group
- Fuji Electric Co. Ltd.
- Infineon Technologies AG
- Maxim Integrated Products, Inc.
- Microsemi Corporation
- Mitsubishi Electric Corp.
- NXP Semiconductors N.V
- ON Semiconductor Corp.
- Qualcomm, Inc.
- Renesas Electronics Corporation
- Rockwell Automation
- STMicroelectronics
- Texas Instruments Incorporated
- Toshiba Corporation
- Vishay Intertechnology, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Power Electronics?
What is the growth rate of the Global Market for Power Electronics?
What is the forecasted size of the Global Market for Power Electronics?
Who are the key companies in the Global Market for Power Electronics?
| Report Attribute | Details |
|---|---|
| No. of Pages | 119 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 35.8 Billion |
| Forecasted Market Value ( USD | $ 61.8 Billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Group
- Fuji Electric Co. Ltd.
- Infineon Technologies AG
- Maxim Integrated Products, Inc.
- Microsemi Corporation
- Mitsubishi Electric Corp.
- NXP Semiconductors N.V
- ON Semiconductor Corp.
- Qualcomm, Inc.
- Renesas Electronics Corporation
- Rockwell Automation
- STMicroelectronics
- Texas Instruments Incorporated
- Toshiba Corporation
- Vishay Intertechnology, Inc.
