Power Electronics Market Size, Regional Trends and Comprehensive Research Study and Forecast 2029


Posted September 22, 2023 by harshada

Power Electronics Market size was valued at US$ 45.79 Bn in 2022 and is expected to reach US$ 66.62 Bn by 2029 to exhibit a CAGR of 5.5 % during the forecast period.
 
Power Electronics Market Overview:

The goal of this study is to provide an overview of the Power Electronics Market industry as well as a detailed market segmentation by segments and geographies. The report contains critical information on the market positions of the top Power Electronics Market firms, as well as important industry trends and opportunities.

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Market Scope:

Extensive primary research was carried out to gather information and check and validate important figures once market engineering, which included market statistics computations, market size calculations, market predictions, market breakdown, and data triangulation, was finished. Throughout the market engineering process, top-down and bottom-up methodologies, as well as a number of data triangulation methods, were frequently used to obtain market evaluations and forecasts for the overall market segments and sub-segments included in the Power Electronics Market study. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.

Segmentation:

by Material

Silicon
Silicon Carbide
Gallium Nitride
Others

by Device Type

Power Discrete
Power Modules
Power ICs

by Application

Power Management
Drives
UPS
Rail Traction
Transportation
Renewable
Others

by Vertical

ICT
Consumer Electronics
Energy & Power
Industrial
Automotive
Aerospace & Defense
Others

Key Players:

Inorganic growth tactics cited in the industry included acquisitions, partnerships, and collaborations. Because of increased demand, industry participants in the Power Electronics Market are projected to benefit from excellent future growth opportunities. The following are a few firms involved in the global Power Electronics Market industry.

1. Infineon Technologies
2. Texas Instruments
3. On Semiconductor
4. STMicroelectronics
5. Mitsubishi Electric
6. Fuji Electric
7. Renesas Electronics
8. Toshiba
9. NXP Semiconductors
10. Vishay Intertechnology
11. Maxim Integrated Products
12. Semikron
13. ABB
14. Hitachi
15. Analog Devices
16. ROHM Semiconductor
17. GaN Systems
18. Littelfuse
19. Microchip
20. Transphorm
21. UnitedSiC
22. Wolfspeed, A Cree Company

Regional Analysis:

After studying the political, economic, social, and technical elements impacting the Power Electronics Market in various regions, the report offers a detailed PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, and the Middle East, Africa, and South America.

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COVID-19 Impact Analysis on Power Electronics Market:

Customer behaviour has changed as a result of the COVID-19 epidemic in all areas of society. Industries, on the other hand, will need to revise their plans to account for changing market supply. This report provides an overview of the COVID-19's influence on the Power Electronics Market and will assist you in developing your business in accordance with the new industry standards.

Key Questions Answered in the Power Electronics Market Report are:

What will be the CAGR of the Power Electronics Market during the forecast period?
In the Power Electronics Market industry, which market category emerged as the market leader?
Who are the main market participants in Power Electronics Market?
What will the size of the Power Electronics Market be in 2029?
Which company dominated the Power Electronics Market industry in terms of market share?
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Issued By harshada
Country India
Categories Advertising , Services , Technology
Tags power electronics market size , power electronics market share , power electronics market analysis , power electronics market demand , power electronics market growth
Last Updated September 22, 2023