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. 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. The bottom-up procedure has been employed to arrive at the overall size of the power electronics market from the revenues of key players in the market. After arriving at the overall market size, the overall market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The 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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
This report provides a detailed analysis of the power electronics market based on device type, material, application, vertical, and region. 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. The bottom-up procedure has been employed to arrive at the overall size of the power electronics market from the revenues of key players in the market. After arriving at the overall market size, the overall market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The 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.
Complex design and integration process for advanced
technological devices is restraining the growth of the power electronics
market. The power electronics industry is focusing more on the
integration of multiple functionalities into a single chip, which
results in complex designing. Designing and integration of complex
devices require special skillsets, robust methodology, and toolset for
integration, which increase the cost of the devices; thus, high cost
restrains users to switch to advanced technological devices.; hence,
complex design and integration process for advanced technological
devices is considered a restraining factor for the growth of the power
electronics market.
The value chain of the power electronics market
comprises raw material suppliers, manufacturers, investors, and
distributors. Players operating in the power electronics market include
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).
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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