Global Power Electronics Market Size, Share, Development, Growth and Demand Forecast to 2022

  • ID: 4340260
  • Report
  • Region: Global
  • 139 pages
  • P&S Market Research
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Market Overview

Power Electronics (PE) refers to devices that convert electrical energy from one form to another. The global power electronics market has been growing at a moderate rate. Power electronics is used in various industries such as automotive, power & energy, ICT, consumer electronics, and aerospace & defense; however, among these industries, the dominating share is occupied by consumer electronics industry. Power electronics devices are mainly used in products such as laptops, smart phones, televisions, computers, LCDs, and DVDs. The rapid adoption of new technology and the need to provide stable power supply are the major drivers for the adoption of power electronics in the consumer electronics sector.

Market Dynamics

The global power electronics market is likely to grow from $12.9 billion in 2015 to $20.0 billion by 2022. The technological advancements, increasing number of applications for power electronics and growth in adoption in renewable energy segment are the factors driving the growth of the global power electronics market.

Power electronics has changed rapidly during the last thirty years and the number of applications has been increasing, mainly due to developments of the semiconductor devices and the microprocessor technology. Today, it is accepted globally that a real breakthrough in the power electronics industry is expected to come from the development and use of WBG semiconductor devices. The two major WBG materials with the potential to allow significant advances in power electronics are silicon carbide (SiC) and gallium nitride (GaN). GaN is expected to be the major WBG semiconductor for the replacement of silicon-based applications requiring device ratings less than 600 volts, but its impact is expected to be predominant for radio frequency (RF) and power supply applications.

The adoption of power electronics in the renewable energy sector has been rejuvenating the market. The increasing demand for higher power density in electronics and high penetration of power electronics devices in utility applications are the major drivers for the global power electronics market.

Trends

The key trend observed in the global power electronics market is high investment in research and development, increasing application of power electronics across various sectors and growing need for energy conservation.

In recent years, the power electronics companies have been increasingly spending a considerable amount of their revenue on R&D to stay ahead of their competitors and gain a larger market share. For power electronics device manufacturers, R&D is crucial because superior innovations can provide competitive advantages over other players. In addition, a key buying criterion for customers is efficiency, which can be achieved and improved through R&D. Owing to these factors, the trend of high R&D expenditures in the global power electronics market is expected to continue during the forecast period.

The applications of power electronic devices are expanding across various sectors, especially in the automobile industry. The evolution of electric vehicles (EVs) and hybrid electric vehicles (HEVs) is driving the demand for power electronic devices in the automotive industry. In addition, the increase in infotainment applications in automobiles is driving the demand for power electronic devices with high power density. The power electronics devices are increasingly being used in the defense and renewable energy sectors. These devices offer conservation and a reliable source of energy to fill the military's communication and weapon needs. Other sectors where the applications of power electronic devices are increasing, include consumer electronics, healthcare, manufacturing, and telecom.

The vendors in the market offer power electronic devices for use in a range of applications. The key vendors in the power electronics market are focusing on energy conservation in order to remain competitive. Several vendors are working to increase power density, thereby affecting the cost of power electronic devices and associated applications. The cost of power electronics devices is likely to increase during the forecast period. The increase in power density results in an increase in the power efficiency of devices, thus helping end-users conserve energy over a long period. The depletion and rising cost of fossil fuels makes energy conservation a requirement and a trend that could trigger market growth over the next few years.

Growth Drivers

The factors driving the growth of the power electronics market include the growing requirement for higher power density, and increased penetration of power electronic devices in utility applications.

The power electronic devices ensure effective delivery of power, providing high reliability, security and flexibility to the power system. Power electronic devices play a key role in the conversion of the existing electrical grids to next-generation networks. At present, approximately 30% of all power generation is carried out using power electronic devices, either at the point of power generation or at the final consumption of electricity. It is expected that by 2030, up to 80% of the electricity produced will use power electronic devices.

Competitive Landscape

The overall intensity of rivalry in the power electronics market is high due to the existence of large number of players in the market. The average growth rate of the industry creates a moderate degree of rivalry in the power electronics market. The intensity of rivalry is also high because of low differentiation among the products. The low switching cost further elevates the level of competition in the power electronics market. Some of the key players in the global market include NXP Semiconductors N.V., Infineon Technologies AG, STMicroelectronics N.V., ON Semiconductor, Vishay Intertechnology Inc., Microsemi Corporation, Toshiba Corporation, Texas Instrumentation Inc., and ABB Ltd.

Scope for Customization

Customization is offered as per specific business requirements of clients. Illustrative customization within the scope of this report includes:
  • Period of Analysis - Increase in the study period, including historic and forecast years
  • Geographical Analysis - Increase in country coverage
  • Segment Analysis - More granular coverage related to:
  • Power Module - The market for “Others” among technologies can be further broken down into different technologies
  • End-User - The market for “Others” can be further broken down into different end-users
  • Company Profiles - Wider company coverage in terms of detailed analysis or additional company profiles
  • New Custom Report - A completely customized report can be provided on the market, specific to a region/ country/ segment
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1. Research Scope And Methodology
1.1 Market Definition
1.2 Research Scope
1.2.1 Power Electronics Market Segmentation
1.2.2 Next Generation Power Electronics Market Segmentation
1.2.3 Wafer Material Market Segmentation
1.3 Research Methodology And Sources

2. Executive Summary
2.1 Key Findings
2.2 Research Summary

3. Market Outlook
3.1 Introduction
3.2 Trends In The Global Power Electronics Market
3.2.1 High Investments In R&D
3.2.2 Increasing Applications Across Various Sectors
3.2.3 Increasing Need For Energy Conservation
3.3 Opportunities In The Global Power Electronics Market
3.3.1 Adoption Of Power Electronic Devices In Renewable Energy Industry
3.4 Factors Driving The Growth Of Market And Its Impact On Market Forecast
3.4.1 Increasing Requirement For Higher Power Density
3.4.2 Increased Penetration Of Power Electronic Devices In Utility Applications
3.4.3 Impact Analysis Of Drivers On Market Forecast
3.5 Factors Hindering The Growth Of Market And Its Impact On Market Forecast
3.5.1 High Cost Of Power Electronic Devices
3.5.2 Uncertain Global Economic Conditions
3.5.3 Poor Reliability And Slow Cooling
3.5.4 Impact Analysis Of Restraints On Market Forecast

4. Global Power Electronics Market Size And Forecast (2012-2022)
4.1 Global Power Electronics Market, By Device
4.1.1 Power Discrete
4.1.2 Power Modules
4.1.3 Power Ic
4.2 Global Power Electronics Market, By End User
4.2.1 Consumer Electronics
4.2.2 Automotive
4.2.3 Industrial
4.2.4 Power & Energy
4.2.5 Information And Communications Technology (Ict)
4.2.6 Aerospace & Defense
4.2.7 Others
4.3 Global Power Electronics Market, By Voltage
4.3.1 Low Voltage (400V-1.1Kv)
4.3.2 Medium Voltage (1.2Kv - 1.9Kv)
4.3.3 High Voltage (2Kv - 3.3Kv)
4.3.4 Very High Voltage (> 3.3Kv)
4.4 Global Power Electronics Market, By Region

5. Global Power Electronics Market, By Power Devices
5.1 Global Power Discrete Market
5.1.1 Global Power Discrete Market, By Technology
5.1.2 Global Power Discrete Market, By Application
5.2 Global Power Module Market
5.2.1 Global Power Module Market, By Technology
5.2.2 Global Power Module Market, By Application
5.3 Global Power Ic Market
5.3.1 Global Power Ic Market, By Technology
5.3.2 Global Power Ic Market, By Application

6. Global Power Electronics Market, By Geography
6.1 Asia-Pacific Power Electronics Market
6.1.1 Asia-Pacific Power Electronics Market, By Country
6.2 Europe Power Electronics Market
6.2.1 Europe Power Electronics Market, By Country
6.3 North America Power Electronics Market
6.3.1 North America Power Electronics Market, By Country
6.4 Rest Of The World Power Electronics Market
6.4.1 Row Power Electronics Market, By Country

7. Global Next Generation Power Electronics Market
7.1 Global Next Generation Power Electronics Market, By Power Device
7.1.1 Global Sic Power Device Market
7.1.1.1 Global Sic Power Device Market, By Voltage
7.1.1.2 Global Sic Power Device Market, By Application
7.1.2 Global Gan Power Device Market
7.1.2.1 Global Gan Power Device Market, By Voltage
7.1.2.2 Global Gan Power Device Market, By Application
7.2 Global Wafer Materials Market Analysis

8. Competitive Positioning Analysis
8.1 Porter's Five Forces Of Competitive Position Analysis
8.1.1 Bargaining Power Of Buyers
8.1.2 Bargaining Power Of Suppliers
8.1.3 Threat Of New Entrants
8.1.4 Intensity Of Rivalry
8.1.5 Threat Of Substitutes
8.2 Competitive Positioning In The Global Power Electronics Market, By Device

9. Company Profiles And Strategic Developments
9.1 Key Company Profiles
9.1.1 Nxp Semiconductors N.V.
9.1.1.1 Business Overview
9.1.1.2 Product And Service Offerings
9.1.2 Infineon Technologies Ag
9.1.2.1 Business Overview
9.1.2.2 Product And Service Offerings
9.1.3 Stmicroelectronics N.V.
9.1.3.1 Business Overview
9.1.3.2 Product And Service Offerings
9.1.4 On Semiconductor
9.1.4.1 Business Overview
9.1.4.2 Product And Service Offerings
9.1.5 Vishay Intertechnology Inc.
9.1.5.1 Business Overview
9.1.5.2 Product And Service Offerings
9.1.6 Microsemi Corporation
9.1.6.1 Business Overview
9.1.6.2 Product And Service Offerings
9.1.7 Toshiba Corporation
9.1.7.1 Business Overview
9.1.7.2 Product And Service Offerings
9.1.8 Texas Instruments Inc.
9.1.8.1 Business Overview
9.1.8.2 Product And Service Offerings
9.1.9 Abb Ltd.
9.1.9.1 Business Overview
9.1.9.2 Product And Service Offerings
9.2 Strategic Developments In The Power Electronics Market
9.2.1 Product Launch
9.2.2 Merger And Acquisition
9.2.3 Partnership

10. Appendix
10.1 List Of Abbreviations

List Of Tables
Table 1: Specific Primary And Secondary Sources Used For This Publication
Table 2: Global Traditional Power Electronics Market Snapshot
Table 3: Global Next Generation Power Electronics Market Snapshot
Table 4: Drivers For The Market: Impact Analysis
Table 5: Restraints For The Market: Impact Analysis
Table 6: Global Power Electronics Market, By Device, $M (2012-2015)
Table 7: Global Power Electronics Market, By Device, $M (2016-2022)
Table 8: Global Power Electronics Market, By End-User, $M (2012-2015)
Table 9: Global Power Electronics Market, By End-User, $M (2016-2022)
Table 10: Global Power Electronics Market, By Voltage, $M (2012-2015)
Table 11: Global Power Electronics Market, By Voltage, $M (2016-2022)
Table 12: Global Power Electronics Market, By Region $M (2012-2015)
Table 13: Global Power Electronics Market, By Region, $M (2016-2022)
Table 14: Global Power Discrete Market, By Technology, $M (2012-2015)
Table 15: Global Power Discrete Market, By Technology, $M (2016-2022)
Table 16: Global Power Discrete Market, By Application, $M (2012-2015)
Table 17: Global Power Discrete Market, By Application, $M (2016-2022)
Table 18: Global Power Module Market, By Technology, $M (2012-2015)
Table 19: Global Power Module Market, By Technology, $M (2016-2022)
Table 20: Global Power Module Market, By Application, $M (2012-2015)
Table 21: Global Power Module Market, By Application, $M (2016-2022)
Table 22: Global Power Ic Market, By Technology, $M (2012-2015)
Table 23: Global Power Ic Market, By Technology, $M (2016-2022)
Table 24: Global Power Ic Market, By Application, $M (2012-2015)
Table 25: Global Power Ic Market, By Application, $M (2016-2022)
Table 26: Asia-Pacific Power Electronics Market, By Country, $M (2012-2015)
Table 27: Asia Pacific Power Electronics Market, By Country, $M (2016-2022)
Table 28: Europe Power Electronics Market, By Country, $M (2012-2015)
Table 29: Europe Power Electronics Market, By Country, $M (2016-2022)
Table 30: North America Power Electronics Market, By Country, $M (2012-2015)
Table 31: North America Power Electronics Market, By Country, $M (2016-2022)
Table 32: Rest Of The World Power Electronics Market, By Country, $M (2012-2015)
Table 33: Rest Of The World Power Electronics Market, By Country, $M (2016-2022)
Table 34: Global Next Generation Power Electronics Market, By Power Device, $M (2012-2015)
Table 35: Global Next Generation Power Electronics Market, By Power Device, $M (2016-2022)
Table 36: Global Sic Power Device Market, By Voltage, $M (2012-2015)
Table 37: Global Sic Power Device Market, By Voltage, $M (2016-2022)
Table 38: Global Sic Power Device Market, By Application, $M (2012-2015)
Table 39: Global Sic Power Device Market, By Application, $M (2016-2022)
Table 40: Global Gan Power Device Market, By Voltage, $M (2012-2015)
Table 41: Global Gan Power Device Market, By Voltage, $M (2016-2022)
Table 42: Global Gan Power Device Market, By Application, $M (2012-2015)
Table 43: Global Gan Power Device Market, By Application, $M (2016-2022)
Table 44: Global Wafer Materials Market, By Type, $M (2012-2015)
Table 45: Global Wafer Materials Market, By Type, $M (2016-2022)
Table 46: Nxp Semiconductors N.V.-Key Facts
Table 47: Infineon Technologies Ag-Key Facts
Table 48: Stmicroelectronics N.V.-Key Facts
Table 49: On Semiconductor-Key Facts
Table 50: Vishay Intertechnology Inc.-Key Facts
Table 51: Microsemi Corporation-Key Facts
Table 52: Toshiba Corporation-Key Facts
Table 53: Texas Instruments Inc.-Key Facts
Table 54: Abb Ltd.-Key Facts

List Of Figures
Fig 1: Research Scope For Global Power Electronics Market
Fig 2: Research Scope For Global Next Generation Power Electronics Market
Fig 3: Research Scope For Wafer Material Market
Fig 4: Research Methodology For Global Power Electronics Market
Fig 5: Global Power Electronics Market, By Device, $M (2012-2022)
Fig 6: Global Power Electronics Market, By End-User, $M (2012-2022)
Fig 7: Global Power Electronics Market, By Voltage, $M (2012-2022)
Fig 8: Global Power Electronics Market, By Region, $M (2012-2022)
Fig 9: Global Power Discrete Market, $M (2012-2022)
Fig 10: Global Power Module Market, $M (2012-2022)
Fig 11: Global Power Ic Market, $M (2012-2022)
Fig 12: Worldwide Major Markets For Power Electronics
Fig 13: Asia-Pacific Power Electronics Market, $M (2012-2022)
Fig 14: Europe Power Electronics Market, $M (2012-2022)
Fig 15: North America Power Electronics Market, $M (2012-2022)
Fig 16: Rest Of The World Power Electronics Market, $M (2012-2022)
Fig 17: Next Generation Power Electronics Market, $M (2012-2022)
Fig 18: Global Sic Power Device Market, $M (2012-2022)
Fig 19: Global Gan Power Device Market, $M (2012-2022)
Fig 20: Growth Of Wafer Materials In Global Next Generation Power Electronics Market (2012-2022)
Fig 21: Porter’S Five Forces Of Competitive Position Analysis
Fig 22: Global Power Eletronics Market Split, By Device (2015 And 2022)
Fig 23: Nxp Semiconductor N.V. Revenue Split, By Segment (2014 & 2015)
Fig 24: Nxp Semiconductor N.V. Employees Split, By Region (2014 & 2015)
Fig 25: Nxp Semiconductor N.V. Revenue Split, By Geography (2014 & 2015)
Fig 26: Infineon Technologies Ag Revenue Split, By Segment (2014 & 2015)
Fig 27: Infineon Technologies Ag Revenue Split, By Geography (2014 & 2015)
Fig 28: Infineon Technologies Ag Employees Split, By Geography (2014 & 2015)
Fig 29: Stmicroelectronics N.V. Revenue Split, By Segment (2014 & 2015)
Fig 30: Stmicroelectronics N.V. Revenue Split, By Geography (2014 & 2015)
Fig 31: Stmicroelectronics N.V. Employees Split, By Geography (2014 & 2015)
Fig 32: On Semiconductor Revenue Split, By Segment (2014 & 2015)
Fig 33: On Semiconductor Revenue Split, By Geography (2014 & 2015)
Fig 34: Vishay Intertechnology Revenue Split, By Segment (2015)
Fig 35: Vishay Intertechnology Revenue Split, By Geography (2015)
Fig 36: Vishay Intertechnology Revenue Split, By End-Market (2015)
Fig 37: R&D Expenditure Of Microsemi Corporation, $M (2013 - 2015)
Fig 38: Toshiba Corporation Revenue Split, By Segment (2015)
Fig 39: Texas Instruments Inc. Revenue Split, By Segment (2015 & 2016)
Fig 40: Abb Ltd Revenue Split, By Segment (2015)
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