Power Electronics Market - Imparting Significance During 2017 - 2025
Power electronics are solid state circuitry devices that convert and control electric power from the source to load. These devices ensure effective delivery of power, providing high security, reliability, and flexibility to the power system. They improve switching speed and also enable power management to prevent power loss. The materials commonly used for these devices are silicon, gallium nitride, silicon carbide, and sapphire. Some of the common types of devices are transistors, diodes, thyristors, modules, and ICs. These devices find applications across industrial verticals such as information and communication technology, consumer electronics, industrial, automotive, power, and aerospace and defense.
Request Sample Copy of the Report @
Global Power Electronics Market: Key Trends
The rising awareness regarding the benefits of power electronics is boosting their uptake across different applications. Presently, about 30% of all power generation is carried out using power electronic devices, either at the stage of power generation or at the final electricity consumption point. It is anticipated that by 2030, up to 80% of the electricity produced will use power electronic devices. The burgeoning demand for energy-efficient battery-powered portable devices is also fuelling the global power electronics market. Moreover, the growing reliance on renewable energy resources is working in favor the market.
Other factors such as improving power infrastructure and the increasing demand for energy harvesting technologies are stoking the growth of the global market. On the other hand, high complexity and cumbersome integration process of advanced technology devices make their manufacturing time consuming, which in turn negatively impacting the growth of the global power electronics market. Furthermore, the high initial costs of power electronics are hampering the growth of the market.
Request TOC of the Report @
Global Power Electronics Market: Market Potential
Material forms the foundation of power electronic devices and thus, researchers are focusing towards developing materials that have higher efficiency and enable better power generation. A research by Massachusetts Institute of Technology (MIT) in August 2015 proved the higher efficiency of gallium nitride over silicon. As a result, gallium nitride started emerging as the next generation semiconductor for power electronics and replacing conventional materials. Similarly, researchers at the University of Minnesota and the University of Utah announced that the conjoin of two oxide compounds, namely neodymium titanate (NTO) and strontium titanate (STO), makes an extraordinary conductive material that could be up to five times more conductive than silicon and can vastly improve power transistors. Another case in point is the development of organic thin-film, high-voltage transistors in March 2017 by a team of researchers at the Linkoping and Umea universities in Sweden. This transistor is estimated to be a breakthrough in the field of organic power electronics. Therefore, such developments are imparting significant momentum to the global power electronics market.
Global Power Electronics Market: Geographical Segmentation
Geographically, Asia Pacific is expected to be a prominent revenue contributor to the growth of the global market. The rapid expansion of manufacturing facilities along with the robust growth of the consumer goods sector is supplementing the growth of the region. Cost advantages and increasing initiatives taken by governments are boosting the domestic manufacturing of power electronics devices, thereby contributing to the growth of APAC. The growth of Europe can be attributed to countries such as the U.K. and Germany.
Read Comprehensive Overview of Report @
Global Power Electronics Market: Competitive Landscape
The presence of a large number of global and regional participants in the global power electronics market and low differentiation in their product offerings have rendered the arena highly competitive. The intensity of rivalry will remain high due to switching cost also. Some of the prominent companies operating in the market are Infineon Technologies AG, NXP Semiconductors N.V., ON Semiconductor, STMicroelectronics N.V., Microsemi Corporation, Vishay Intertechnology Inc., Texas Instrumentation Inc., Toshiba Corporation, and ABB Ltd.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Power Electronics Market - Imparting Significance During 2017 - 2025 here
News-ID: 1011029 • Views: 104
More Releases from TMR Research
Hydrolyzed Plant Proteins Market Booming Global Industry Investments and future …
Global Hydrolyzed Plant Proteins Market: Overview Hydrolyzed plant proteins have found use in a wide range of applications in the food and beverages industry. Most commonly, the protein is used to enhance flavor in several processed food products. Several functional characteristics are key to the growing popularity of these proteins. Proteins from oil-producing plants have excellent fat binding and emulsification properties, which are being utilized by hydrolyzing these for applications that
Rose Extracts Market 2028 | Young Living Essential Oils, Thracian Oils Ltd., Fle …
Global Rose Extracts Market: Overview Pharmacological properties of key species of rose flowers are well known, and several companies have been utilizing these for skin care. This is one of the key trends propelling the steady evolution of the rose extracts market. A growing body of in-vivo and in-vitro clinical studies over the past few years have underscored the therapeutic potential of rose extracts. In skin care, rose extracts have been
Global Fruit Tea Market Analysis, Size, Share, Growth & Forecast 2018-2028: Tata …
Global Fruit Tea Market: Overview Based on the nutritive value like vitamin C, and health benefits such as great antioxidant are some of the reasons that are boosting the demand for fruit tea across the globe. Moreover, the growing popularity of the beverage in health cautious genre of population is also a crucial factor that is propelling the demand for fruit tea market. Based on these factors the global fruit
Dairy Desserts Market 2028 | General Mills Inc., Royal FrieslandCampina NV, Nest …
Global Dairy Desserts Market: Overview Who doesn’t love a good dessert after a delicious dinner or lunch? Though they are filled with high calories, they are highly in demand. However, dairy desserts are something that everybody cherishes. The variety in taste and shapes, they are being loved by every age group. Based on the delicious taste and widespread acceptance the global dairy desserts market is expected to grow substantially in the
More Releases for Power
Brisbane Power Electricians
Brisbane Power is a family owned business of second generation Electricians. From our humble beginnings in 1978, we boast 28 years of experience in electrical services across Brisbane and surrounds. We provide unparalleled 24 hour emergency electrical services to homes and businesses. Brisbane Power is a family owned business of second generation Electricians. From our humble beginnings in 1978, we boast 28 years of experience in electrical services across Brisbane and
Privacy through solar power
The vertical “Shadeplus” blind is to be operated via a new solar module Awnings are not only available as individual items, but also come in a double pack. One of these awnings protects against UV radiation and heat, and the other against glaring light. They achieve this with the assistance of solar power as a practical and simultaneously environmentally-friendly energy source The “pergola” by markilux has been available for quite some time
Temporary Power Generation/Power Rental Market Analysis by Leading Manufacturers …
A new research study from HTF MI with title Global Temporary Power Generation/Power Rental Market Size, Status and Forecast 2025 provides an in-depth assessment of the Temporary Power Generation/Power Rental including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Temporary Power Generation/Power Rental investments till 2022. Access Sample Copy @: https://www.htfmarketreport.com/sample-report/1191683-global-temporary-power-generation-power-rental-market-2 If you are involved in
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ https://www.researchtrades.com/discount/1445183 This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Kuwait Power Market to have Surplus Power
Electricity plays a major role in the development of a region, and the electricity generation, transmission and distribution infrastructure serves as a measure of progress in the region. Energy in the form of electricity has become an indispensable part of our everyday lives. Nowadays, power generation uses a variety of sources ranging from fossil fuels like coal and oil, to renewable sources like wind and solar. The energy mix for
Connectivity for power-applications
Halver, 18 June 2015 – At the SPS IPC Drives 2014 in Nuremberg, the connector- and housing specialist ESCHA presented connectivity for power applications. The 4-pole M12x1 connectors are predestinated for power transmission and are available as of now. With the newly developed products identified as ‘Power S‘ or ‘Power T‘, ESCHA offers a consistent- and a qualitatively high-grade M12x1-connectivity portfolio for sensors-, data-, and power supply. The trend moves towards