Power Electronics Market Report Scope & Overview:

Power Electronics Market Size will be valued at USD 54.69 billion by 2030, and it was valued at USD 39.66 billion in 2022, and grow at a CAGR of 4.1% over the forecast period 2023-2030.

In mixed and commercial cars, power electronics are utilized to save expenses by reducing energy usage and other associated expenditures. Miles and congestion are also reduced thanks to the features. All of these elements contribute to improved battery performance. The Power Electronics Market is expected to grow at a worldwide level due to growth drivers. Its use is influenced by environmental concerns. Market demand is accelerated by public awareness of the benefits of using environmentally friendly products and economies. Power tools are installed on a range of devices for usage in a variety of applications, including efficient engine systems, self-defense systems, aviation controls, and more. These apps entice potential clients.

Power Electronics market Revenue Analysis

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Energy is a driving force, and increased energy consumption helps to minimise energy consumption. Your consumption reflects increased mileage and longer battery life. Electrical power is used for defence reasons such as unmanned aerial vehicles, aircraft controllers, and military radars, which boosts market sales. Electronic equipment trends in the military and aerospace sectors are generating a wide range of market opportunities. Enhances intelligence and monitoring capabilities. power Electrical equipment also addresses issues such as weight, cost, energy stability, and size. These elements aid forecasts by allowing the Power Electric Market to reach its maximum value.



  • Increasing demand for renewable energy.

  • The use of portable energy is becoming more popular.

  • Electronics are increasingly being used for defensive purposes.


  • Complicated process of integration for electronic devices. 


  • Electronic devices are used in the defense and aerospace sector.

  • Solve the problem of weight, costs, power stability, size and many more.


  • Grid capacity for the integration of power devices.

  • Increased production cost.


Many automobile and assembly plants remained closed as a result of the COVID-19 epidemic. It all started in China, with various economies throughout the world closing at the same moment. It triggered a downturn and halted part demand and production. When the pandemic crisis is rectified, the power electronics business will rise again in the coming years.

Based on the wafer size, The global market is segmented into silicon, silicon carbide, gallium nitride, and other materials utilised in the sector based on materials. The greatest market size was determined for silicon, which is likely to dominate the market during the forecast period. Silicon's application in many types of electrical equipment and gadgets has resulted in the property having the highest proportion of the market.

Based on application, The power electronics market is divided into ICT, energy, consumer electronics, industry, automotive, aerospace & defence, and other industries. The energy market share is determined by the size of the enormous market, which generated extremely high profits. The automotive application is projected to increase quickly. Part of the growth can be ascribed to the growing demand for energy-efficient electric vehicles, which helps to reduce the environmental impact of pollution growth. The need to save the environment and natural resources such as natural gas and oil is leading to the development of alternative modes such as hybrids and electric vehicles, which are also increasing the use of energy-efficient resources. As a result of its potential to improve and reduce energy usage, power appliances are becoming increasingly popular in the automotive industry.



  • Gallium Nitride

  • Silicon Carbide

  • Silicon

  • Others


  • Thyristor

  • Gate Turn-Off Transistor (GTO)

  • Silicon Controlled rectifier (SCR)

  • Static Switches

  • MCT (MOS-Controlled Thyristor)

  • AC/DC Converter


  • Others


  • 450mm

  • 200mm

  • 300mm

  • 150mm


  • Defense and Aerospace

  • Utilities and Energy

  • Transportation

  • Consumer Electronics

  • Telecommunications and IT

  • Automotive

  • Industrial

  • Others


  • Discrete

  • IC

  • Module

Power Electronics Market Segmentation Analysis

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The Asia Pacific region controls the majority of the worldwide market. The region is likely to grow significantly and maintain its dominance. In the Asia Pacific region, lucrative potential in consumer electronics, automotive, ICT, and industrial applications have resulted in significant market share and regional growth. has resulted in a huge increase in production processes by various prominent manufacturers of specific specifications across the region.

Furthermore, the costs and benefits of operating, as well as the initiatives implemented by governments in emerging countries such as China, South Korea, India, and Singapore, entice investors and industry leaders to set up production units in the region. This enhances domestic manufacturing activities for certain locations in the Asia-Pacific region, resulting in the creation of new industries. All of these factors are projected to contribute to the market's expansion in Asia Pacific.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key market players are Alpha & Omega Semiconductor, Analog Devices Inc, Infineon Technologies AG, Renesas Electronics Corporation, Infineon Technologies, STMicroelectronics, Vishay Intertechnology, NXP Semiconductors, Texas Instruments, AMS AG, Diodes Incorporated, Toshiba Electronic Devices & Storage Corporation, ON Semiconductor, Mitsubishi Electric, Fuji Electric, ABB and Other.

Analog Devices Inc-Company Financial Analysis

Company Landscape Analysis

Power Electronics Market Report Scope:
Report Attributes Details
Market Size in 2022 USD 39.66 Billion
Market Size by 2030 USD 54.69 Billion
CAGR CAGR of 4.1% From 2022 to 2028
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Gallium Nitride, Silicon Carbide, Silicon, Others)
• By Component (Thyristor, GTO, SCR, Static Switches, MCT, AC/DC Converter, MOSFET, Others)
• By Wafer Size (450mm, 200mm, 300mm, 150mm)
• By Application (Defense And Aerospace, Utilities And Energy, Transportation, Consumer Electronics, Telecommunications And IT, Automotive, Industrial, Others)
• By Device (Discrete, IC, Module)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Alpha & Omega Semiconductor, Analog Devices Inc, Infineon Technologies AG, Renesas Electronics Corporation, Infineon Technologies, STMicroelectronics
Key Drivers

• Increasing demand for renewable energy.

• The use of portable energy is becoming more popular.

RESTRAINTS • Generator-related government regulations.

Frequently Asked Questions

The Power Electronics Market size was valued at 38.1 billion in 2021 at a CAGR of 4.1%.

The Asian pacific region is expected to dominate the Power Electronics Market.

The key market players are Alpha & Omega Semiconductor, Analog Devices Inc, Infineon Technologies AG, Renesas Electronics Corporation, Infineon Technologies, STMicroelectronics, Vishay Intertechnology, NXP Semiconductors, Texas Instruments, AMS AG, Diodes Incorporated, Toshiba Electronic Devices & Storage Corporation, ON Semiconductor, Mitsubishi Electric, Fuji Electric, ABB and Other.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Global Power Electronics Market Segmentation, by Wafer type

8.1 Gallium Nitride

8.2 Silicon Carbide

8.3 Silicon

8.4 Others

9. Global Power Electronics Market Segmentation, by Component

9.1 Introduction

9.2 Thyristor

9.3 Gate Turn-Off Transistor (GTO)

9.4 Silicon Controlled rectifier (SCR)

9.5 Static Switches

9.6 MCT (MOS-Controlled Thyristor)

9.7 AC/DC Converter


9.9 Others

10. Global Power Electronics Market Segmentation, Wafer size

10.1 Introduction

10.2 450mm

103 200mm

10.4 300mm

10.5 150mm

11. Global Power Electronics Market Segmentation, By application

11.1 Introduction

11.2 Defense and Aerospace

11.3 Utilities and Energy

11.4 Transportation

11.5 Consumer Electronics

11.6 Telecommunications and IT

11.7 Automotive

11.8 Industrial

11.9 Others

12. Global Power Electronics Market Segmentation, By Device

12.1 Introduction

12.2 Discrete

12.3 IC

12.4 Module

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2    Canada

13.2.3    Mexico

13.3        Europe

13.3.1    Germany

13.3.2    UK

13.3.3    France

13.3.4    Italy

13.3.5    Spain

13.3.6    The Netherlands

13.3.7    Rest of Europe

13.4        Asia-Pacific

13.4.1    Japan

13.4.2    South Korea

13.4.3    China

13.4.4    India

13.4.5    Australia

13.4.6    Rest of Asia-Pacific

13.5        The Middle East & Africa

13.5.1    Israel

13.5.2    UAE

13.5.3    South Africa

13.5.4    Rest

13.6        Latin America

13.6.1    Brazil

13.6.2    Argentina

13.6.3    Rest of Latin America

14. Company Profiles

14.1 NXP Semiconductors

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Alpha & Omega Semiconductor

14.3 Analog Devices Inc

14.4 Infineon Technologies AG

14.5 Renesas Electronics Corporation

14.6 Infineon Technologies

14.8 STMicroelectronics

14.9 Vishay Intertechnology

14.10 Texas Instruments

14.11 AMS AG

14.12 Diodes Incorporated

14.13 Toshiba Electronic Devices & Storage Corporation

14.14 ON Semiconductor

14.15 Mitsubishi Electric

14.16 Fuji Electric

14.17 ABB

14.18 Other

15. Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share Analysis

15.3 Recent Developments

16. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

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Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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