The power electronics market was valued at USD 36.93 Billion in 2017 and is projected 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.
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Power electronics plays a vital role in the automotive segment as it enables the optimization of electrical energy in automobiles. Increasing awareness across the globe regarding the use of environment-friendly vehicles is leading to a rise in demand for hybrid electric vehicles and high-end automobiles that use power electronics. Moreover, increasing demand for metal-oxide-semiconductor field-effect transistors (MOSFETs) and insulated gate bipolar transistors (IGBTs), which are used as a power electronic switches in vehicles to increase their fuel efficiency, is also contributing to the growth of the automotive segment of the market.
The power electronics market in Asia Pacific is projected to grow at the highest CAGR from 2018 to 2023. The region is also expected to be the largest market for power electronics during the forecast period. The growth of the market in Asia Pacific can be attributed to the presence of a large number of manufacturers of consumer electronics and automotive in the region and increased demand for power electronic devices from the automotive, consumer electronics, and energy and power verticals of Asia Pacific.
Infineon Technologies (Germany), ON Semiconductor (US), Texas Instruments (US), STMicroelectronics(Switzerland), Fuji Electric (Japan), Mitsubishi Electric (Japan), Toshiba (Japan), Renesas Electronics (Japan), NXP Semiconductors (Netherlands), Maxim Integrated Products (US), Vishay Intertechnology (US), ABB (Switzerland), SEMIKRON (Germany), Analog Devices (US), Hitachi (Japan), Microsemi (US), ROHM Semiconductor (Japan), Microchip Technology (US), Littelfuse (US), and Danfoss (Denmark) are some of the major players operating in the power electronics market.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=204729766
Power electronics plays a vital role in the automotive segment as it enables the optimization of electrical energy in automobiles. Increasing awareness across the globe regarding the use of environment-friendly vehicles is leading to a rise in demand for hybrid electric vehicles and high-end automobiles that use power electronics. Moreover, increasing demand for metal-oxide-semiconductor field-effect transistors (MOSFETs) and insulated gate bipolar transistors (IGBTs), which are used as a power electronic switches in vehicles to increase their fuel efficiency, is also contributing to the growth of the automotive segment of the market.
The power electronics market in Asia Pacific is projected to grow at the highest CAGR from 2018 to 2023. The region is also expected to be the largest market for power electronics during the forecast period. The growth of the market in Asia Pacific can be attributed to the presence of a large number of manufacturers of consumer electronics and automotive in the region and increased demand for power electronic devices from the automotive, consumer electronics, and energy and power verticals of Asia Pacific.
Infineon Technologies (Germany), ON Semiconductor (US), Texas Instruments (US), STMicroelectronics(Switzerland), Fuji Electric (Japan), Mitsubishi Electric (Japan), Toshiba (Japan), Renesas Electronics (Japan), NXP Semiconductors (Netherlands), Maxim Integrated Products (US), Vishay Intertechnology (US), ABB (Switzerland), SEMIKRON (Germany), Analog Devices (US), Hitachi (Japan), Microsemi (US), ROHM Semiconductor (Japan), Microchip Technology (US), Littelfuse (US), and Danfoss (Denmark) are some of the major players operating in the power electronics market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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