APAC expected to hold the largest share of the power electronics market during the forecast period

The power electronics market is expected to witness a high growth during the forecast period. The overall market is expected to be valued at USD 41.73 Billion by 2022 from USD 36.17 Billion in 2015, at a CAGR of 2.4% between 2016 and 2022 The base year considered for the study is 2015 and the forecast period provided is between 2016 and 2022.

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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.

The power electronics ecosystem comprises power electronics devices manufacturers and providers such as 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).

Asia-Pacific (APAC) is expected to hold the largest share of the power electronics market during 2016–2022. The high growth of this market can be attributed to the emergence of APAC as a strong manufacturing hub with leading manufacturers of consumer goods increasing their manufacturing activities in this region. Cost advantages and initiatives by different countries in this region are expected to boost the domestic manufacturing and provide further impetus for the growth of the power electronics market.

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