The power electronics market was valued at USD 36.93
Billion in 2017 and is expected to reach USD 51.01 Billion by 2023, at a
CAGR of 5.5% during the forecast period. The base year considered for
the study is 2017, and the forecast period considered is 2018–2023. This
report provides a detailed analysis of the power electronics market
based on device type, material, application, vertical, and region.
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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=204729766
The report forecasts the market size, in terms of value, for various segments with regard to 4 main regions—North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their market rankings and core competencies, along with detailing the competitive landscape for the market leaders. The research methodology used to estimate and forecast the power electronics market begins with capturing the data on key vendor revenues through secondary research. Secondary sources referred for this research study include government sources, World Economic Outlook, trade websites, Hoovers, Bloomberg Businessweek, Factiva, OneSource, World Bank data, OPEC data, OICA data, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and professional associations.
Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=204729766
The report forecasts the market size, in terms of value, for various segments with regard to 4 main regions—North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their market rankings and core competencies, along with detailing the competitive landscape for the market leaders. The research methodology used to estimate and forecast the power electronics market begins with capturing the data on key vendor revenues through secondary research. Secondary sources referred for this research study include government sources, World Economic Outlook, trade websites, Hoovers, Bloomberg Businessweek, Factiva, OneSource, World Bank data, OPEC data, OICA data, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and professional associations.
APAC has been the fastest-growing region in terms of
power electronic products and solutions compared to other regions. The
growth is attributed to the presence of large number of automotive and
consumer electronics manufacturers in APAC and growing demand for power
electronic devices in automotive and consumer applications. Moreover,
the growing demand of industrial and energy & power verticals for
power electronic devices helps the market to grow further in the region.
Infineon Technologies (Germany), Texas Instruments
(US), On Semiconductor (US), STMicroelectronics(Switzerland), Mitsubishi
Electric (Japan), Fuji Electric (Japan), Renesas Electronics (Japan),
Toshiba (Japan), NXP Semiconductors (The Netherland), Vishay
Intertechnology (US), Maxim Integrated Products (US), SEMIKRON
(Germany), ABB (Switzerland), Hitachi (Japan), Analog Devices (US), ROHM
Semiconductor (Japan), Microsemi (US), Littelfuse (US), Microchip
Technology (US), and Danfoss (Denmark) are some of the major players in
the power electronics market.
On the basis of application, the power electronics
market has been segmented into power management, drive, UPS, rail
traction, transportation, renewable, and others. The power electronics
market for the transportation application is expected to grow at the
highest CAGR between 2018 and 2023 owing to increasing production of
HEVs and EVs and rising demand for electric vehicle charging stations
across the globe.
The power electronics market is segmented on the
basis of vertical into ICT, consumer electronics, energy and power,
industrial, automotive, aerospace and defense, and others. The
automotive vertical is expected to grow at the highest CAGR during the
forecast period owing to the increasing focus on hybrid electric
vehicles (HEVs) and EVs and increasing demand for cars and other
passenger vehicles across the globe.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441