POWER ELECTRONICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Power Electronics Market, By Component (Discrete and Module), By Material (Silicon/Germanium, Silicon Carbide, and Gallium Nitride), By End-use Industry (Automotive, Consumer Electronics, IT and Telecommunication, Military and Aerospace, Industrial, Energy and Power, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024
Code : CMI7142
Pages :170
Formats :
Excel and PDF
Industry : Semiconductors

Market Concentration and Competitive Landscape

Power Electronics Market Concentration By Players

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Rise of electric mobility and automation

The automotive sector is undergoing rapid transformation influenced by newly emerging technologies. Automakers are investing heavily in developing electric, autonomous, and connected vehicle solutions to stay ahead of the curve. According to many estimates, electric vehicles will dominate new car sales in less than two decades due to favorable regulations, improved battery technology, and charging infrastructure investment. Power converters are essential components for electric vehicle powertrains, on-board charging systems, and efficient energy management. Batteries used in EVs also require sophisticated battery management systems (BMS) powered by embedded microcontrollers and power ICs.

Key Players Insights