The global power electronics market is projected to grow at a CAGR of 3.84% to reach US$41.896 billion by 2024, from US$33.426 billion in 2018. Increasing demand for energy-efficient power devices coupled with upgradation of power infrastructure are the major factors driving the demand for power electronics devices. For instance, India is investing heavily in order to generate and distribute electricity to larger proportion of the population. In fact, the installed transmission line in India has increased from 274,588 ckm in March 2013 to 399,142 ckm in August 2018 (source: Ministry of Power, Government of India). Simultaneously, the production of electric vehicle is also anticipated to significantly push the growth of the market. However, complex integration and design of advanced technological devices will restrict the growing demand for these devices. Geographically, the Asia Pacific region will one of the most attractive markets on account of increasing adoption across industry vertical throughout the forecast period.
Drivers
Focus on development of energy efficient devices.
Growing investment in electric vehicles.
Restraints
High Cost
Probability of high defect density of WBG materials.
Major industry players profiled as part of the report are Vishay Intertechnology, Inc., Toshiba International Corporation, STMicroelectronics, and Fuji Electric Corporation among others.
Segmentation
The global power electronics market has been analyzed through the following segments:
BY MATERIAL
Gallium Nitride (GaN)
Silicon (Si)
Silicon Carbide (SiC)
Others
BY DEVICE TYPE
Power Discrete
Power Module
Power IC
BY END-USER INDUSTRY
Communication and Technology
Consumer Electronics
Energy and Power
Automotive
Aerospace and Defense
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Drivers
Focus on development of energy efficient devices.
Growing investment in electric vehicles.
Restraints
High Cost
Probability of high defect density of WBG materials.
Major industry players profiled as part of the report are Vishay Intertechnology, Inc., Toshiba International Corporation, STMicroelectronics, and Fuji Electric Corporation among others.
Segmentation
The global power electronics market has been analyzed through the following segments:
BY MATERIAL
Gallium Nitride (GaN)
Silicon (Si)
Silicon Carbide (SiC)
Others
BY DEVICE TYPE
Power Discrete
Power Module
Power IC
BY END-USER INDUSTRY
Communication and Technology
Consumer Electronics
Energy and Power
Automotive
Aerospace and Defense
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
5. GLOBAL POWER ELECTRONICS MARKET BY MATERIAL
6. GLOBAL POWER ELECTRONICS MARKET BY DEVICE TYPE
7. GLOBAL POWER ELECTRONICS MARKET BY END-USER INDUSTRY
8. GLOBAL POWER ELECTRONICS MARKET BY GEOGRAPHY
9. COMPETITIVE INTELLIGENCE
10. COMPANY PROFILES
Companies Mentioned
- ABB
- Infineon Technologies AG
- Vishay Intertechnology, Inc.
- Semiconductor Component Industries LLC
- Mitsubishi Electric Corporation
- Toshiba International Corporation
- Fuji Electric Corporation
- STMicroelectronics
- Semikron
- ROHM Semiconductor
Methodology
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