Power Electronics Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2032

The report on the global power electronics market provides qualitative and quantitative analysis for the period from 2022-2032. The global power electronics market was valued at USD 41.76 billion in 2023 and is expected to reach USD 66.46 billion in 2032, with a CAGR of 5.40% during the forecast period 2024-2032. The study on power electronics market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2022-2032.

The report on power electronics market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global power electronics market over the period of 2022-2032. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global power electronics market over the period of 2022-2032. Furthermore, the growth matrix given in the report brings an insight into the investment areas that existing or new market players can consider.

Report findings

1) Drivers

The burgeoning demand from the consumer electronics and automotive sectors is propelling the market growth.
Rising demand for energy-efficient products across the globe is fostering market growth.

2) Restraints

High production costs and complex design and integration processes are hampering the market growth.

3) Opportunities

Technological innovation and the growth of industrial automation are expected to create lucrative opportunities in the forecast years.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global power electronics market is segmented on the basis of device type, material, voltage, application, and end-use industry.

The Global Power Electronics Market by Device Type

Power Discrete
Power Module
Power IC

The Global Power Electronics Market by Material

Silicon Carbide (SiC)
Gallium Nitride (GaN)
Sapphire
Others

The Global Power Electronics Market by Voltage

Low Voltage
Medium Voltage
High Voltage

The Global Power Electronics Market by Application

Power Management
Uninterruptible Power Supply
Renewables
Others

The Global Power Electronics Market by End-use Industry

Telecommunication
Energy & Power
Industrial
Consumer Electronics
Military & Defense
Automotive & Transportation
Others

Company Profiles

The companies covered in the report include

ABB
Analog Devices, Inc.
Mitsubishi Electric Corporation
Fuji Electric Co., Ltd.
Toshiba International Corporation
STMicroelectronics NV
Texas Instruments Incorporated
Infineon Technologies AG
Renesas Electronics Corporation
Navitas Semiconductor

What does this report deliver?

1. Comprehensive analysis of the global as well as regional markets of the power electronics market.
2. Complete coverage of all the segments in the power electronics market to analyze the trends, developments in the global market and forecast of market size up to 2032.
3. Comprehensive analysis of the companies operating in the global power electronics market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

Chapter 1. Preface

1.1. Report Description
1.2. Research Methods
1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Power Electronics Market Highlights
2.2. Power Electronics Market Projection
2.3. Power Electronics Market Regional Highlights

Chapter 3. Global Power Electronics Market Overview

3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. Growth Matrix Analysis
3.4.1. Growth Matrix Analysis by Device Type
3.4.2. Growth Matrix Analysis by Material
3.4.3. Growth Matrix Analysis by Voltage
3.4.4. Growth Matrix Analysis by Application
3.4.5. Growth Matrix Analysis by End-use Industry
3.4.6. Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Power Electronics Market

Chapter 4. Power Electronics Market Macro Indicator Analysis

Chapter 5. Company Profiles and Competitive Landscape

5.1. Competitive Landscape in the Global Power Electronics Market
5.2. Companies Profiles
5.2.1. ABB
5.2.2. Analog Devices, Inc.
5.2.3. Mitsubishi Electric Corporation
5.2.4. Fuji Electric Co., Ltd.
5.2.5. Toshiba International Corporation
5.2.6. STMicroelectronics NV
5.2.7. Texas Instruments Incorporated
5.2.8. Infineon Technologies AG
5.2.9. Renesas Electronics Corporation
5.2.10. Navitas Semiconductor

Chapter 6. Global Power Electronics Market by Device Type

6.1. Power Discrete
6.2. Power Module
6.3. Power IC

Chapter 7. Global Power Electronics Market by Material

7.1. Silicon Carbide (SiC)
7.2. Gallium Nitride (GaN)
7.3. Sapphire
7.4. Others

Chapter 8. Global Power Electronics Market by Voltage

8.1. Low Voltage
8.2. Medium Voltage
8.3. High Voltage

Chapter 9. Global Power Electronics Market by Application

9.1. Power Management
9.2. Uninterruptible Power Supply
9.3. Renewables
9.4. Others

Chapter 10. Global Power Electronics Market by End-use Industry

10.1. Telecommunication
10.2. Energy & Power
10.3. Industrial
10.4. Consumer Electronics
10.5. Military & Defense
10.6. Automotive & Transportation
10.7. Others

Chapter 11. Global Power Electronics Market by Region 2024-2032

11.1. North America
11.1.1. North America Power Electronics Market by Device Type
11.1.2. North America Power Electronics Market by Material
11.1.3. North America Power Electronics Market by Voltage
11.1.4. North America Power Electronics Market by Application
11.1.5. North America Power Electronics Market by End-use Industry
11.1.6. North America Power Electronics Market by Country
11.1.6.1. The U.S. Power Electronics Market
11.1.6.1.1. The U.S. Power Electronics Market by Device Type
11.1.6.1.2. The U.S. Power Electronics Market by Material
11.1.6.1.3. The U.S. Power Electronics Market by Voltage
11.1.6.1.4. The U.S. Power Electronics Market by Application
11.1.6.1.5. The U.S. Power Electronics Market by End-use Industry
11.1.6.2. Canada Power Electronics Market
11.1.6.2.1. Canada Power Electronics Market by Device Type
11.1.6.2.2. Canada Power Electronics Market by Material
11.1.6.2.3. Canada Power Electronics Market by Voltage
11.1.6.2.4. Canada Power Electronics Market by Application
11.1.6.2.5. Canada Power Electronics Market by End-use Industry
11.1.6.3. Mexico Power Electronics Market
11.1.6.3.1. Mexico Power Electronics Market by Device Type
11.1.6.3.2. Mexico Power Electronics Market by Material
11.1.6.3.3. Mexico Power Electronics Market by Voltage
11.1.6.3.4. Mexico Power Electronics Market by Application
11.1.6.3.5. Mexico Power Electronics Market by End-use Industry
11.2. Europe
11.2.1. Europe Power Electronics Market by Device Type
11.2.2. Europe Power Electronics Market by Material
11.2.3. Europe Power Electronics Market by Voltage
11.2.4. Europe Power Electronics Market by Application
11.2.5. Europe Power Electronics Market by End-use Industry
11.2.6. Europe Power Electronics Market by Country
11.2.6.1. Germany Power Electronics Market
11.2.6.1.1. Germany Power Electronics Market by Device Type
11.2.6.1.2. Germany Power Electronics Market by Material
11.2.6.1.3. Germany Power Electronics Market by Voltage
11.2.6.1.4. Germany Power Electronics Market by Application
11.2.6.1.5. Germany Power Electronics Market by End-use Industry
11.2.6.2. United Kingdom Power Electronics Market
11.2.6.2.1. United Kingdom Power Electronics Market by Device Type
11.2.6.2.2. United Kingdom Power Electronics Market by Material
11.2.6.2.3. United Kingdom Power Electronics Market by Voltage
11.2.6.2.4. United Kingdom Power Electronics Market by Application
11.2.6.2.5. United Kingdom Power Electronics Market by End-use Industry
11.2.6.3. France Power Electronics Market
11.2.6.3.1. France Power Electronics Market by Device Type
11.2.6.3.2. France Power Electronics Market by Material
11.2.6.3.3. France Power Electronics Market by Voltage
11.2.6.3.4. France Power Electronics Market by Application
11.2.6.3.5. France Power Electronics Market by End-use Industry
11.2.6.4. Rest of Europe Power Electronics Market
11.2.6.4.1. Rest of Europe Power Electronics Market by Device Type
11.2.6.4.2. Rest of Europe Power Electronics Market by Material
11.2.6.4.3. Rest of Europe Power Electronics Market by Voltage
11.2.6.4.4. Rest of Europe Power Electronics Market by Application
11.2.6.4.5. Rest of Europe Power Electronics Market by End-use Industry
11.3. Asia Pacific
11.3.1. Asia Pacific Power Electronics Market by Device Type
11.3.2. Asia Pacific Power Electronics Market by Material
11.3.3. Asia Pacific Power Electronics Market by Voltage
11.3.4. Asia Pacific Power Electronics Market by Application
11.3.5. Asia Pacific Power Electronics Market by End-use Industry
11.3.6. Asia Pacific Power Electronics Market by Country
11.3.6.1. China Power Electronics Market
11.3.6.1.1. China Power Electronics Market by Device Type
11.3.6.1.2. China Power Electronics Market by Material
11.3.6.1.3. China Power Electronics Market by Voltage
11.3.6.1.4. China Power Electronics Market by Application
11.3.6.1.5. China Power Electronics Market by End-use Industry
11.3.6.2. Japan Power Electronics Market
11.3.6.2.1. Japan Power Electronics Market by Device Type
11.3.6.2.2. Japan Power Electronics Market by Material
11.3.6.2.3. Japan Power Electronics Market by Voltage
11.3.6.2.4. Japan Power Electronics Market by Application
11.3.6.2.5. Japan Power Electronics Market by End-use Industry
11.3.6.3. India Power Electronics Market
11.3.6.3.1. India Power Electronics Market by Device Type
11.3.6.3.2. India Power Electronics Market by Material
11.3.6.3.3. India Power Electronics Market by Voltage
11.3.6.3.4. India Power Electronics Market by Application
11.3.6.3.5. India Power Electronics Market by End-use Industry
11.3.6.4. Rest of Asia-Pacific Power Electronics Market
11.3.6.4.1. Rest of Asia-Pacific Power Electronics Market by Device Type
11.3.6.4.2. Rest of Asia-Pacific Power Electronics Market by Material
11.3.6.4.3. Rest of Asia-Pacific Power Electronics Market by Voltage
11.3.6.4.4. Rest of Asia-Pacific Power Electronics Market by Application
11.3.6.4.5. Rest of Asia-Pacific Power Electronics Market by End-use Industry
11.4. RoW
11.4.1. RoW Power Electronics Market by Device Type
11.4.2. RoW Power Electronics Market by Material
11.4.3. RoW Power Electronics Market by Voltage
11.4.4. RoW Power Electronics Market by Application
11.4.5. RoW Power Electronics Market by End-use Industry
11.4.6. RoW Power Electronics Market by Sub-region
11.4.6.1. Latin America Power Electronics Market
11.4.6.1.1. Latin America Power Electronics Market by Device Type
11.4.6.1.2. Latin America Power Electronics Market by Material
11.4.6.1.3. Latin America Power Electronics Market by Voltage
11.4.6.1.4. Latin America Power Electronics Market by Application
11.4.6.1.5. Latin America Power Electronics Market by End-use Industry
11.4.6.2. Middle East Power Electronics Market
11.4.6.2.1. Middle East Power Electronics Market by Device Type
11.4.6.2.2. Middle East Power Electronics Market by Material
11.4.6.2.3. Middle East Power Electronics Market by Voltage
11.4.6.2.4. Middle East Power Electronics Market by Application
11.4.6.2.5. Middle East Power Electronics Market by End-use Industry
11.4.6.3. Africa Power Electronics Market
11.4.6.3.1. Africa Power Electronics Market by Device Type
11.4.6.3.2. Africa Power Electronics Market by Material
11.4.6.3.3. Africa Power Electronics Market by Voltage
11.4.6.3.4. Africa Power Electronics Market by Application
11.4.6.3.5. Africa Power Electronics Market by End-use Industry

Table Information

Report Attribute	Details
No. of Pages	350
Published	May 2025
Forecast Period	2023 - 2032
Estimated Market Value ( USD ) in 2023	$ 41.76 Billion
Forecasted Market Value ( USD ) by 2032	$ 66.46 Billion
Compound Annual Growth Rate	5.4%
Regions Covered	Global

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