Power Electronics Market - Global Industry Research and Forecast 2019 to 2024
Posted by Rohit Mane on January 3rd, 2020
The global power electronics market is estimated to reach USD 50.3 Billion in 2024 at a CAGR of 5.6%. Expanding automation and digitalization in industries and inclination towards renewable energy sources is expected to drive the power electronics market during the forecast period. However, lack of technical resources is expected to restrain the market during the forecast period. Technological innovations in electric vehicle/ hybrid electric vehicle (EV/HEV) is expected to become an opportunity for power electronics market.
Power electronics is a technology for energy saving and high functionality in energy and power usage. Power electronic components mainly act as a switch and use for reducting conduction loss. Power electronics mainly used in industrial, energy & power, aerospace & defense, and many other applications. Some key players in power electronics market are QUALCOMM, Inc., Infineon Technologies AG, Texas Instruments Incorporated, ON Semiconductor Corp, and Mitsubishi Electric Corporation among others.
This market research report offers a comprehensive analysis of key market trends in the global power electronics market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of material, the market is segmented into Silicon, Gallium nitride, Silicon carbide, Gallium arsenide, and others. By type, the power electronics market is segmented into power discrete, power module, and power IC. By end use industry, power electronics market is segmented into consumer electronics, automotive, aerospace and defence, energy and power, industrial, and others.
The report on the power electronics market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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POWER ELECTRONICS Market report segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
POWER ELECTRONICS Market by Material
POWER ELECTRONICS Market by Connectivity Protocol
POWER ELECTRONICS Market by Application
POWER ELECTRONICS Market by Region
Middle East and Africa
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About the AuthorRohit Mane
Joined: December 23rd, 2019
Articles Posted: 24
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