Power Electronics Market size is expected to reach over US$ 37.3 billion by 2030 from at US$ 22.5 billion in 2020, growing at a CAGR of 5.2% from 2021 to 2030.
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Growth Factors
The global power electronics market is primarily driven by the rising adoption of the power electronics across various end use verticals. The rapidly growing demand for the power efficient devices is boosting the demand for the power electronics across the globe. The rising government initiatives to deploy smart power grids and renewable energy sources is fueling the growth of the global power electronics market. Furthermore, the increased concerns over carbon emission has compelled the government to constitute regulatory frameworks to control vehicle emissions. This has significantly fostered the demand for the electric and hybrid vehicles in an attempt to promote low emission or emission free vehicles across the globe. Therefore, the rising adoption of the electric vehicles is boosting the demand for the power electronics as it is used in several automotive components.
Report Highlights
- Based on the material, the silicon segment dominated the market in 2020. Silicon is the considered the most favorable substrate for making power electronics. Moreover, the increasing adoption of silicon in the production of the majority of the semiconductor wafers has boosted the growth of the power electronics market during the forecast period.
- Based on the application, the automotive is estimated to be the most opportunistic segment during the forecast period. This can be attributed to the rising popularity of the electric vehicle among the global consumers. The growing demand for the emission free vehicle to protect environment from pollutions emitted from the vehicles is expected to drive the growth of this segment in the foreseeable future.
- Based on the device, the discrete segment dominated the market in 2020, accounting for around 64% of the market share. The benefits like low power consumption and generation of lower noise in the industrial applications has boosted its adoption in the past. Moreover it is extensively used in the electric power grids and motors, which resulted in the dominance of this segment.
- Asia Pacific was the most prominent power electronics market, garnering around 40% of the market share in 2020. Asia Pacific is characterized by the presence of numerous big players in the consumer electronics industry. The demand for the consumer electronics is high in the region owing to the rising disposable income and growing urban population.
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OBJECTIVES OF THE STUDY
- To analyze and forecast the Power Electronics market, in terms of value and volume
- To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To define, segment, and project the size of the global Power Electronics market on the product type, end-use and other segments
- To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
- To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the total market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
- To strategically profile key players and comprehensively analyze their core competencies
- To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the Power Electronics market
Research Methodology
- Market estimate for 2021
- Average selling price (ASP) per region for specific product type
- Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
- Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
- National government documents, statistical databases
- News articles, press releases, and webcasts specific to companies operating in the market
- Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
- Determination of market penetration by country
Major Players Covered in this Report
The updated market research report on Power Electronics market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Segments Covered in the Report
By Material
- Sapphire
- Silicon
- Gallium Nitride
- Silicon Carbide
- Others
By Application
- Consumer Electronics
- Industrial
- ICT
- Aerospace & Defense
- Automotive
- Others
By Device
- Module
- Discrete
- IC
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Power Electronics Market
5.1. COVID-19 Landscape: Power Electronics Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Power Electronics Market, By Material
8.1. Power Electronics Market, by Material Type, 2021-2030
8.1.1. Sapphire
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Silicon
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Gallium Nitride
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Silicon Carbide
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Power Electronics Market, By Application
9.1. Power Electronics Market, by Application, 2021-2030
9.1.1. Consumer Electronics
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Industrial
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. ICT
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Aerospace & Defense
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Automotive
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Power Electronics Market, By Device
10.1. Power Electronics Market, by Device, 2021-2030
10.1.1. Module
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Discrete
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. IC
10.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Power Electronics Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Material (2019-2030)
11.1.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.3. Market Revenue and Forecast, by Device (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Material (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.4.3. Market Revenue and Forecast, by Device (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Material (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Device (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Material (2019-2030)
11.2.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.3. Market Revenue and Forecast, by Device (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Material (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.4.3. Market Revenue and Forecast, by Device (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Material (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Device (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Material (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Device (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Material (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Device (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Material (2019-2030)
11.3.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.3. Market Revenue and Forecast, by Device (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Material (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.4.3. Market Revenue and Forecast, by Device (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Material (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Device (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Material (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Device (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Material (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Device (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Material (2019-2030)
11.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.3. Market Revenue and Forecast, by Device (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Material (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.4.3. Market Revenue and Forecast, by Device (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Material (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Device (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Material (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Device (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Material (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Device (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Material (2019-2030)
11.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.3. Market Revenue and Forecast, by Device (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Material (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.4.3. Market Revenue and Forecast, by Device (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Material (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Device (2019-2030)
Chapter 12. Company Profiles
12.1. ABB Group
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Fuji Electric Co
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Infineon Technologies AG
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Microsemi Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Mitsubishi
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Renesas Electronics Corporation
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Rockwell Automation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. STMicroelectronics
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Texas Instruments Incorporated
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Toshiba Corporation
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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