Power Electronics Market by Material (Silicon, SiC, GaN, Sapphire), Device Type (Discrete, Module, and IC), Vertical (ICT, Consumer Electronics, Power, Industrial, Automotive, and Aerospace and Defense), and Geography - Global Forecast to 2022

  • ID: 4082702
  • Report
  • Region: Global
  • 171 Pages
  • Markets and Markets
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Power Electronics Market worth 41.73 Billion USD by 2022

FEATURED COMPANIES

  • Fuji Electric Co., Ltd.
  • Infineon Technologies AG
  • Mitsubishi Electric Corp.
  • NXP Semiconductor N.V.
  • ON Semiconductor Corp.
  • Qualcomm, Inc.
  • MORE

“The overall power electronics market is expected to grow at a CAGR of 2.4%”

The power electronics market is expected to reach USD 41.73 billion by 2022, growing at a CAGR of 2.4% between 2016 and 2022. Enhancement of power infrastructure and the growing focus toward using renewable power sources is one of the major factors fueling the growth of this market. In addition, increasing demand for energy-efficient battery-powered portable devices and rising trend of energy harvesting technologies are expected to generate demand for power electronics. The key restraining factor for the growth of the power electronics market are the complex design and integration process for advanced technology devices and slow adoption of new technologies.

“The power electronics market for gallium nitride (GaN) is expected to grow at a highest rate during the forecast period”

The market for gallium nitride (GaN) is expected to grow at the highest rate between 2016 and 2022. GaN has various features such as a wider band gap, high break-down voltage, larger critical electric field, and higher thermal conductivity. These features assist in providing higher voltages and high switching frequencies, handling higher power density, and offering enhanced power efficiency than the pure silicon (Si), Silicon Carbide (SiC), and sapphire substrate wafer technology-based devices. Hence, the power electronics market for GaN is expected to grow at a faster rate than the other materials.

“Power IC is expected to hold the largest share during the forecast period”

The power integrated circuits (IC) is expected to hold the largest share of the power electronics market during 2016-2022. Power ICs are suitable for high-frequency range, high power amplification, and microwave radiation applications. The large market share of IC based on device type segment in power electronics market can be attributed to the increasing demand of power ICs from the RF industry, specifically in the case of monolithic microwave integrated circuits MMICs for high-frequency power amplification.

“APAC to hold the largest market and also grow at the highest rate in the power electronics market”

Asia-Pacific (APAC) is expected to hold the largest share of the power electronics market during 2016-2022. This region is home to many established power electronics manufacturing companies such as Renesas Electronics Corp. (Japan) and Mitsubishi Electric Corp. (Japan) among others. The power electronics market in APAC is expected to grow at a high rate during the forecast period. The APAC region has emerged as a strong manufacturing hub with leading manufacturers of consumer goods increasing their manufacturing activities in this region. Cost advantages and initiatives by different countries in this region are expected to boost the domestic manufacturing and provide further impetus for the growth of the power electronics market.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the power electronics market. The break-up of primary participants for the report has been shown below:

  • By Company Type: Tier 1 - 20 %, Tier 2 - 55%, and Tier 3 - 25%
  • By Designation: C-Level Executives - 50%, Directors - 25%, and Others - 25%
  • By Region: Americas - 60%, Europe - 20%, APAC - 10%, and RoW - 10%

The report also profiles the key players in the power electronics market and analyzes their market ranking. The prominent players profiled in this report are 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), and Mitsubishi Electric Corp. (Japan).

Research Coverage:

This research report categorizes the overall power electronics market on the basis of material, device type, vertical, and geography. Moreover, the report provides the Porter’s five forces analysis, along with the description of each of its forces and their respective impact on the power electronics market. Furthermore, the report discusses the major drivers, restraints, challenges, and opportunities pertaining to the market; value chain analysis; and market ranking analysis.

Reasons to Buy the Report:

The report would help leaders/new entrants in the power electronics market in the following ways:

  1. This report segments the power electronics market comprehensively and provides the closest market size estimation for subsegments across different regions.
  2. The report would help stakeholders understand the pulse of the market and provide them with the information on key drivers, restraints, challenges, and opportunities for market growth.
  3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, new product launches, mergers, acquisitions, and collaborations.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Fuji Electric Co., Ltd.
  • Infineon Technologies AG
  • Mitsubishi Electric Corp.
  • NXP Semiconductor N.V.
  • ON Semiconductor Corp.
  • Qualcomm, Inc.
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.2.3 Market Ranking Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Overall Power Electronics Market
4.2 Power Electronics Market, By Material
4.3 Power Electronics Market, By Device Type and Vertical
4.4 Country-Wise Analysis of the Power Electronics Market
4.5 Power Electronics Market Size, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Power Electronics Market, By Material
5.2.2 Power Electronics Market, By Device Type
5.2.3 Power Electronics Market, By Vertical
5.2.4 By Geography
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Demand for Energy-Efficient Battery-Powered Portable Devices
5.3.1.2 Rising Trend of Energy Harvesting Technologies
5.3.1.3 Enhancement of Power Infrastructure and the Growing Focus Toward Using Renewable Power Sources
5.3.2 Restraints
5.3.2.1 Complex Design and Integration Process for Advanced Technology Devices
5.3.2.2 Slow Adoption of New Technologies
5.3.3 Opportunities
5.3.3.1 Growing Demand for Hybrid and Electric Vehicles
5.3.3.2 Growing Demand for Deployment of Low Carbon Emission Power System
5.3.3.3 Deployment of Smart Grid
5.3.4 Challenges
5.3.4.1 Demand for Compact Devices With High Efficiency

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Competitive Rivalry

7 Power Electronics Market, By Material
7.1 Introduction
7.2 Silicon (SI)
7.3 Silicon Carbide (SIC)
7.4 Gallium Nitride (GAN)
7.5 Sapphire
7.6 Others

8 Power Electronics Market, By Device Type
8.1 Introduction
8.2 Discrete
8.2.1 Diode
8.2.1.1 Pin Diode
8.2.1.2 Zener Diode
8.2.1.3 Schottky Diode
8.2.1.4 Light Emitting Diode (LED)
8.2.2 Transistor
8.2.2.1 Bipolar Junction Transistor (BJT)
8.2.2.2 Integrated Gate Bipolar Junction Transistor (IGBT)
8.2.2.3 Field Effect Transistor (FET)
8.2.3 Thyristor
8.2.3.1 Gate Turn Off (GTO) Thyristor
8.2.3.2 Integrated Gate Commutated Thyristor (IGCT)
8.2.3.3 Mos-Controlled Thyristor (MCT)
8.3 Module
8.3.1 Intelligent Power Module (IPM)
8.3.1.1 Hybrid
8.3.1.2 Monolithic
8.3.2 Power Integrated Module (PIM)
8.3.2.1 Mosfet Modules
8.3.2.2 IGBT Modules
8.4 IC
8.4.1 Power Management IC (PMIC)
8.4.2 Application Specific IC (ASIC)

9 Power Electronics Market, By Vertical
9.1 Introduction
9.2 ICT
9.2.1 Switching System
9.2.2 Wireless
9.2.3 Radar
9.2.4 RF
9.2.5 Others
9.3 Consumer Electronics
9.3.1 Inverter
9.3.2 LED
9.3.3 SMPS
9.3.4 Others
9.4 Power
9.4.1 UPS
9.4.2 Converter
9.4.3 Others
9.5 Industrial
9.5.1 Point-Of-Load Conversion
9.5.2 Power Management
9.5.3 Renewable Energy System
9.5.4 Hvac
9.5.5 Rail Traction
9.5.6 Motor Drive
9.5.7 Smart Grid
9.5.8 Other
9.6 Automotive
9.6.1 Vehicular Power Converter Systems
9.6.2 Electric Vehicle Charging
9.6.3 Others
9.7 Aerospace and Defense
9.7.1 Microwave Radiation
9.7.2 Combat Vehicle
9.7.3 Others
9.8 Others

10 Power Electronics Market, By Geography
10.1 Introduction
10.2 Americas
10.2.1 U.S.
10.2.2 Canada
10.2.3 Latin America
10.3 Europe
10.3.1 France
10.3.2 Germany
10.3.3 U.K.
10.3.4 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Rest of APAC
10.5 RoW
10.5.1 Middle East
10.5.2 Africa

11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
11.3 Competitive Scenario
11.3.1 New Product Launches
11.3.2 Mergers, Acquisitions, and Collaboration
12 Company Profiles
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments) -

12.1 Introduction
12.2 Infineon Technologies AG
12.3 Texas Instruments, Inc.
12.4 ON Semiconductor Corp.
12.5 Stmicroelectronics N.V.
12.6 Maxim Integrated Products, Inc.
12.7 Fuji Electric Co., Ltd.
12.8 NXP Semiconductor N.V.
12.9 Qualcomm, Inc.
12.10 Vishay Intertechnology, Inc.
12.11 Renesas Electronics Corp.
12.12 Mitsubishi Electric Corp.
  • Details on Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables:
Table 1 Government Incentives for Electric Vehicles in Various Countries
Table 2 Porter’S Five Forces Analysis With Their Weightage Impact
Table 3 Power Electronics Market, By Material, 2013-2022 (USD Billion)
Table 4 Power Electronics Market, By Device Type, 2013-2022 (USD Billion)
Table 5 Power Electronics Market for Discrete, By Device Type, 2013-2022 (USD Billion)
Table 6 Power Electronics Market for Discrete, By Region, 2013-2022 (USD Billion)
Table 7 Power Electronics Market in Americas for Discrete, By Country, 2013-2022 (USD Billion)
Table 8 Power Electronics Market for Discrete in Europe, By Country, 2013-2022 (USD Billion)
Table 9 Power Electronics Market for Discrete in APAC, By Country, 2013-2022 (USD Billion)
Table 10 Power Electronics Market for Discrete in RoW, By Country, 2013-2022 (USD Billion)
Table 11 Power Electronic Market for Module, By Device Type, 2013-2022 (USD Billion)
Table 12 Power Electronics Market for Module, By Region, 2013-2022 (USD Billion)
Table 13 Power Electronics Market for Module in Americas, By Country, 2013-2022 (USD Billion)
Table 14 Power Electronics Market for Module in Europe, By Country, 2013-2022 (USD Billion)
Table 15 Power Electronics Market for Module in APAC, By Country, 2013-2022 (USD Billion)
Table 16 Power Electronics Market for Module in RoW, By Country, 2013-2022 (USD Billion)
Table 17 Power Electronic Market for IC, By Device Type, 2013-2022 (USD Billion)
Table 18 Power Electronics Market for IC, By Region, 2013-2022 (USD Billion)
Table 19 Power Electronics Market for IC in Americas, By Country, 2013-2022 (USD Billion)
Table 20 Power Electronics Market for IC in Europe, By Country, 2013-2022 (USD Billion)
Table 21 Power Electronics Market for IC in APAC, By Country, 2013-2022 (USD Billion)
Table 22 Power Electronics Market for IC in RoW, By Country, 2013-2022 (USD Billion)
Table 23 Power Electronics Market, By Vertical, 2013-2022 (USD Billion)
Table 24 Power Electronics Market for ICT, By Application, 2013-2022 (USD Billion)
Table 25 Power Electronics Market for ICT, By Region, 2013-2022 (USD Billion)
Table 26 Power Electronics Market for Consumer Electronics, By Application, 2013-2022 (USD Billion)
Table 27 Power Electronics Market for Consumer Electronics, By Region, 2013-2022 (USD Billion)
Table 28 Power Electronics Market for Power, By Application, 2013-2022 (USD Billion)
Table 29 Power Electronics Market for Power, By Region, 2013-2022 (USD Billion)
Table 30 Power Electronics Market for Industrial, By Application, 2013-2022 (USD Billion)
Table 31 Power Electronics Market for Industrial, By Region, 2013-2022 (USD Billion)
Table 32 Power Electronics Market for Automotive, By Application, 2013-2022 (USD Billion)
Table 33 Power Electronics Market for Automotive, By Region, 2013-2022 (USD Billion)
Table 34 Power Electronics Market for Aerospace and Defense, By Application, 2013-2022 (USD Billion)
Table 35 Power Electronics Market for Aerospace and Defense, By Region, 2013-2022 (USD Billion)
Table 36 Power Electronics Market for Others, By Region, 2013-2022 (USD Billion)
Table 37 Power Electronics Market, By Region, 2013-2022 (USD Billion)
Table 38 Power Electronics Market in Americas, By Country, 2013-2022 (USD Billion)
Table 39 Power Electronics Market in Americas, By Device Type, 2013-2022 (USD Billion)
Table 40 Power Electronics Market in Americas, By Vertical, 2013-2022 (USD Billion)
Table 41 Power Electronics Market in U.S., By Device Type, 2013-2022 (USD Billion)
Table 42 Power Electronics Market in Canada, By Device Type, 2013-2022(USD Billion)
Table 43 Power Electronics Market in Latin America, By Device Type, 2013-2022 (USD Billion)
Table 44 Power Electronics Market in Europe, By Country, 2013-2022 (USD Billion)
Table 45 Power Electronics Market in Europe, By Device Type, 2013-2022 (USD Billion)
Table 46 Power Electronics Market in Europe, By Vertical, 2013-2022 (USD Billion)
Table 47 Power Electronics Market in France, By Device Type, 2013-2022 (USD Billion)
Table 48 Power Electronics Market in Germany, By Device Type, 2013-2022 (USD Billion)
Table 49 Power Electronics Market in U.K., By Device Type, 2013-2022 (USD Billion)
Table 50 Power Electronics Market in Rest of Europe, By Device Type, 2013-2022 (USD Billion)
Table 51 Power Electronics Market in APAC, By Country, 2013-2022 (USD Billion)
Table 52 Power Electronics Market for APAC, By Device Type, 2013-2022 (USD Billion)
Table 53 Power Electronics Market in APAC, By Vertical, 2013-2022 (USD Billion)
Table 54 Power Electronics Market in China, By Device Type, 2013-2022 (USD Billion)
Table 55 Power Electronics Market in India, By Device Type, 2013-2022 (USD Billion)
Table 56 Power Electronics Market in Japan, By Device Type, 2013-2022 (USD Billion)
Table 57 Power Electronics Market in South Korea, By Device Type, 2013-2022 (USD Billion)
Table 58 Power Electronics Market in Rest of APAC, By Device Type, 2013-2022 (USD Billion)
Table 59 Power Electronics Market in RoW, By Country, 2013-2022 (USD Billion)
Table 60 Power Electronics Market in RoW, By Device Type, 2013-2022 (USD Billion)
Table 61 Power Electronics Market in RoW, By Vertical, 2013-2022 (USD Billion)
Table 62 Power Electronics Market in Middle East, By Device Type, 2013-2022 (USD Billion)
Table 63 Power Electronics Market in Africa, By Device Type, 2013-2022 (USD Billion)
Table 64 10 Most Recent New Product Launches in the Power Electronics Market
Table 65 5 Most Recent Mergers, Acquisitions, and Collaboration in the Power Electronics Market

List of Figures:
Figure 1 Power Electronics Market: Research Design
Figure 2 Process Flow
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Power IC Would Be the Majorly Used Device Type in the Power Electronics Market Between 2016 and 2022
Figure 8 Gallium Nitride (GAN) in Power Electronics Market Expected To Grow at the Highest Rate Between 2016 and 2022
Figure 9 Automotive and ICT Expected To Be the Fastest-Growing Applications Between 2016 and 2022
Figure 10 APAC Expected To Be the Fastest-Growing Region in the Power Electronics Market Between 2016 and 2022
Figure 11 Increasing Demand for Hybrid and Electric Vehicles Expected To Increase the Demand for Power Electronics
Figure 12 Silicon (SI) To Lead the Power Electronics Market Between 2016 and 2022
Figure 13 IC Device Type and Power Vertical Had a Higher Demand in 2016
Figure 14 Japan Held the Largest Share of the Power Electronics Market in 2016
Figure 15 Power Electronics Market in APAC Expected To Grow at the Highest Rate Between 2016 and 2022
Figure 16 Power Electronics Market, By Geography
Figure 17 Power Electronics Market Dynamics
Figure 18 Rising Energy Harvesting System Market, 2014-2018 (USD Million)
Figure 19 Global Electric Vehicles Production, 2013-2020
Figure 20 Value Chain Analysis: Major Value Is Added During the Discrete Electronic Component Manufacturing and Power Module & ICS Manufacturing Phases
Figure 21 Porter’s Five Forces Model for Power Electronics Market, 2016
Figure 22 Porter’s Five Forces Analysis
Figure 23 Medium Impact of Threat of New Entrants Because of High Market Growth Rate
Figure 24 Low Impact of the Threat of Substitutes Because of Lack of Viable Alternatives
Figure 25 Medium Impact of Bargaining Power of Suppliers Because of Moderate Supplier Concentration
Figure 26 High Impact of Bargaining Power of Buyers Because of Large Number of Suppliers
Figure 27 High Degree of Competitive Rivalry in the Market Because of High Industry Growth Rate
Figure 28 Gallium Nitride Segment Expected To Grow at the Highest Rate Between 2016 and 2022
Figure 29 the Power Electronics Market for the Module Device Type Is Expected To Have the Fastest Growth Rate Between 2016 and 2022
Figure 30 Discrete Device Type for Transistor Expected To Have the Fastest Growth Rate Between 2016 and 2022
Figure 31 Intelligent Power Module (IPM) in Power Module By Device Type Expected To Grow at the Fastest Rate Between 2016 and 2022
Figure 32 Power Management Integrated Circuits (PMIC) in Power IC By Device Type Expected To Grow at the Fastest Rate Between 2016 and 2022
Figure 33 Power Electronics Market for Automotive Vertical Expected To Grow at the Highest Rate Between 2016 and 2022
Figure 34 Others Expected To Be the Fastest Growing Application of the ICT Vertical Between 2016 and 2022
Figure 35 Others Expected To Be the Fastest Growing Application of the Consumer Electronics Vertical Between 2016 and 2022
Figure 36 UPS and Others Expected To Be the Fastest Growing Applications of the Power Vertical Between 2016 and 2022
Figure 37 Power Management Expected To Be the Fastest Growing Application of the Industrial Vertical Between 2016 and 2022
Figure 38 Electric Vehicle Charging Expected To Be the Fastest Growing Application of the Automotive Vertical Between 2016 and 2022
Figure 39 Combat Vehicle Expected To Be the Fastest Growing Application of the Aerospace and Defense Vertical Between 2016 and 2022
Figure 40 Power Electronics Market: Geographic Snapshot
Figure 41 Overview of the Power Electronics Market in Americas
Figure 42 Overview of the Power Electronics Market in Europe
Figure 43 Overview of the Power Electronics Market in Asia-Pacific
Figure 44 Overview of the Power Electronics Market in Row
Figure 45 Companies Adopted New Product Launches as the Key Growth Strategy Between January 2014 and December 2016
Figure 46 Market Share of Top 5 Players in the Power Electronics Market, 2015
Figure 47 Power Electronics Market Evaluation Framework
Figure 48 Battle for the Market Share
Figure 49 Geographic Revenue Mix of the Top 5 Market Players
Figure 50 Infineon Technologies AG: Company Snapshot
Figure 51 Infineon Technologies AG: SWOT Analysis
Figure 52 Texas Instruments, Inc.: Company Snapshot
Figure 53 Texas Instruments, Inc.: SWOT Analysis
Figure 54 on Semiconductor Corp.: Company Snapshot
Figure 55 on Semiconductor Corp.: SWOT Analysis
Figure 56 Stmicroelectronics N.V.: Company Snapshot
Figure 57 Stmicroelectronics N.V.: SWOT Analysis
Figure 58 Maxim Integrated Products, Inc.: Company Snapshot
Figure 59 Maxim Integrated Products, Inc.: SWOT Analysis
Figure 60 Fuji Electric Co., Ltd.: Company Snapshot
Figure 61 NXP Semiconductors N.V.: Company Snapshot
Figure 62 Qualcomm, Inc.: Company Snapshot
Figure 63 Vishay Intertechnology, Inc.: Company Snapshot
Figure 64 Renesas Electronics Corp.: Company Snapshot
Figure 65 Mitsubishi Electric Corp.: Company Snapshot
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FEATURED COMPANIES

  • Fuji Electric Co., Ltd.
  • Infineon Technologies AG
  • Mitsubishi Electric Corp.
  • NXP Semiconductor N.V.
  • ON Semiconductor Corp.
  • Qualcomm, Inc.
  • MORE

The market is expected to be valued at USD 41.73 Billion by 2022, at a CAGR of 2.4% between 2016 and 2022. The major factors driving the growth of the power electronics market include the increasing demand for energy-efficient battery-powered portable devices, rising trend of energy harvesting technologies, enhancement of power infrastructure, and the growing focus toward using renewable power sources.

This report segments the market on the basis of material, device type, vertical, and geography. The market for silicon accounted for the largest share of the power electronics market based on material in 2015. This growth could be attributed to the applicability of silicon in various power electronics devices and products.

The power integrated circuits (IC) is expected to witness a significant growth during the forecast period. Power ICs are widely used for high-frequency range, high power amplification, and microwave radiation applications. Growth of the power ICs market in the industrial, ICT, aerospace and defense verticals is driven by various high-power and high-frequency applications such as radio frequency (RF), high-frequency wireless communication, radio detection and ranging (RADAR), satellite communication, and electronic warfare among others.

The power vertical accounted for the largest share of the power electronics market in 2015. Power electronics-based solutions are replacing the traditional electricity generation, transmission, and distribution systems at an increasing rate, which in turn is acting as a driving factor for the growth of this vertical.

Asia-Pacific (APAC) is expected to grow at the highest rate during the forecast period in the power electronics market. This growth can be attributed to the increasing demand for consumer goods and energy requirements in emerging economies such as China and India. The APAC region has emerged as a strong manufacturing hub with leading manufacturers of consumer goods increasing their manufacturing activities in this region.

Complex design and integration process for advanced technology devices and slow adoption of new technologies by system integrators are the key restraining factor for the growth of the power electronics market.

The key players in the power electronics market include 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), and Mitsubishi Electric Corp. (Japan).

These players adopted various strategies such as new product launches, mergers, acquisitions, and collaborations to grow in the power electronics market.

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  • Fuji Electric Co., Ltd.
  • Infineon Technologies AG
  • Maxim Integrated Products, Inc.
  • Mitsubishi Electric Corp.
  • NXP Semiconductor N.V.
  • ON Semiconductor Corp.
  • Qualcomm, Inc.
  • Renesas Electronics Corp.
  • Stmicroelectronics N.V.
  • Texas Instruments, Inc.
  • Vishay Intertechnology, Inc.
Note: Product cover images may vary from those shown
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