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.
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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.
KEY DRIVERS:
Increasing demand for renewable energy.
The use of portable energy is becoming more popular.
Electronics are increasingly being used for defensive purposes.
RESTRAINTS:
Complicated process of integration for electronic devices.
OPPORTUNITIES:
Electronic devices are used in the defense and aerospace sector.
Solve the problem of weight, costs, power stability, size and many more.
CHALLENGES:
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.
BY WAFER TYPE
Gallium Nitride
Silicon Carbide
Silicon
Others
BY COMPONENT
Thyristor
Gate Turn-Off Transistor (GTO)
Silicon Controlled rectifier (SCR)
Static Switches
MCT (MOS-Controlled Thyristor)
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
Module
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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.
REGIONAL COVERAGE:
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
| 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. |
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
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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
9.8 MOSFET
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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