Power Electronics has Potential Market Growth: worth 41.73 Billion USD by 2022

According to the new market research report on the "Power Electronics Market by Material (Silicon, SiC, GaN, Sapphire), Device Type (Discrete, Module, and IC), Vertical (ICT, Consumer Electronics, Power, Industrial, Automotive, and Aerospace and Defense), and Geography - Global Forecast to 2022", this market is expected to be valued at USD 41.73 billion by 2022, at a CAGR of 2.4% between 2016 and 2022. The major factors driving the growth of the power electronics market include increasing demand for energy-efficient battery-powered portable devices, rising trend of energy harvesting technologies, enhancement of power infrastructure, and the growing focus toward using renewable power sources.

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The research methodology used to estimate and forecast the size of the power electronics market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, Factiva, Hoover’s, and OneSource. 

The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the power electronics from the revenue of the key players in this market. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. 

The analysis of the market includes extensive primary research to gather information and verify and validate the critical conclusions arrived at after an extensive secondary research.

The report also profiles the most promising players in the power electronics market. The competitive landscape of this market presents an interesting picture where a large number of big and small players have become a force to reckon with. 

The key players in this market are Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), Fuji Electric Co., Ltd. (Japan), NXP Semiconductors N.V. (The Netherland), Qualcomm, Inc. (U.S), Vishay Intertechnology, Inc. (U.S.), Renesas Electronics Corp. (Japan), and Mitsubishi Electric Corp. (Japan).

The objective of the report is to provide a detailed analysis of the market based on materials, device type, vertical, and geography; information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges); and detailed value chain and Porter’s five forces analysis. In addition, the objective of the report is to strategically profile the key players and comprehensively analyze their market rank and core competencies, along with detailing the competitive landscape for the market players as well as the new product launches, mergers, acquisitions, and collaborations in the market.

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