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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
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The global power electronics market has experienced significant growth in recent years owing to rapid industrialization and development of renewable energy industry across the world. Power electronics refers to the control and conversion of electric power which involves the application of solid-state electronics to regulate and condition electric energy. The rising demand for consumer electronics, electric vehicles, and energy-efficient systems from industries are fueling the growth of this market. Furthermore, government initiatives supporting the deployment of renewable energy projects along with power infrastructure development are augmenting the demand for power electronic components worldwide. Power semiconductors such as IGBT, MOSFET, diode, and thyristor are widely used in applications including power supplies, motor drives, UPS systems, and renewable energy conversion systems.

Market Dynamics:

The global power electronics market is driven by factors such as rapid urbanization, increasing demand for energy-efficient systems across industrial and commercial sectors, and significant investments in renewable energy projects globally. Rising adoption of electric vehicles and growing consumer electronics industry have also propelled the market growth. However, high manufacturing costs associated with power electronics components acts as a major restraint. On the other hand, the ongoing development of next-generation wide bandgap power semiconductor devices and emerging trends such as Internet of Things (IoT) present considerable opportunities for market expansion. The market is witnessing increasing demand for SiC and GaN power modules owing to their superior attributes including high voltage blocking, low on-resistance, and high switching frequency.

Key Features of the Study:

  • This report provides in-depth analysis of the global power electronics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global power electronics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include ABB, Analog Devices, Inc., Efficient Power Conversion Corporation, Euclid Techlabs, Fuji Electric Co., Ltd., Infineon Technologies AG, Littelfuse, Inc., Microchip Technology Inc., Mitsubishi Electric Corporation, Navitas Semiconductor, NXP Semiconductors, ON Semiconductor, Qorvo, Inc., Renesas Electronics Corporation, and ROHM CO., LTD.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global power electronics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global power electronics market

Detailed Segmentation:

  • By Component
    • Discrete
    • Module
  •  By Material
    • Silicon/Germanium
    • Silicon Carbide (SiC)
    • Gallium Nitride (GaN)
  •  By End-use Industry
    • Automotive
    • Consumer Electronics
    • IT and Telecommunication
    • Military and Aerospace
    • Industrial
    • Energy and Power
    • Others
  • By Regional
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
  • Key Players Insights
    • ABB
    • Analog Devices, Inc.
    • Efficient Power Conversion Corporation
    • Euclid Techlabs
    • Fuji Electric Co., Ltd.
    • Infineon Technologies AG
    • Littelfuse, Inc.
    • Microchip Technology Inc.
    • Mitsubishi Electric Corporation
    • Navitas Semiconductor
    • NXP Semiconductors
    • ON Semiconductor
    • Qorvo, Inc.
    • Renesas Electronics Corporation
    • ROHM CO., LTD.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Component
      • Market Snippet, By Material
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New System Launches/Approvals
    • Impact of COVID-19 Pandemic
  4. Global Power Electronics Market, By Component, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2019-2031
      • Segment Trends
    • Discrete
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Module
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
  5. Global Power Electronics Market, By Material, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2019-2031
      • Segment Trends
    • Silicon/Germanium
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Silicon Carbide (SiC)
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Gallium Nitride (GaN)
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
  6. Global Power Electronics Market, By End-use Industry, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2019-2031
      • Segment Trends
    • Automotive
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Consumer Electronics
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • IT and Telecommunication
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Military and Aerospace
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Industrial
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Energy and Power
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
    • Others
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Bn)
  7. Global Power Electronics Market, By Region, 2019-2031, (US$ Bn)
    • Introduction
      • Market Share Analysis, By Region, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2019-2031
    • North America
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Material, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By End-use Industry, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Material, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By End-use Industry, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
        • U.K.
        • Germany
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Material, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By End-use Industry, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Material, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By End-use Industry, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Material, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By End-use Industry, 2019–2031, (US$ Bn)
      • Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
        • South Africa
        • GCC Countries
        • Rest of the Middle East & Africa
  8. Competitive Landscape
    • Company Profiles
      • ABB
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Analog Devices, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Efficient Power Conversion Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Euclid Techlabs
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Fuji Electric Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Infineon Technologies AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Littelfuse, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Microchip Technology Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Mitsubishi Electric Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Navitas Semiconductor
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NXP Semiconductors
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ON Semiconductor
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Qorvo, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Renesas Electronics Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ROHM CO., LTD.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Analyst Recommendations
    • Wheel of Fortune
    • Analyst View
    • Coherent Opportunity Map
  10. Research Methodology
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on " Power Electronics Market - Global forecast to 2031”

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