Power Electronics Market offers huge growth opportunities for the future | Top Most Players Like Renesas Electronics, Texas Instruments, Maxim Integrated, Vishay Intertechnology, Infineon Technologies, ABB India, Fuji Electric

Market Overview:
A research study titled, “Power Electronics Market By Material, Device And Application - Global Industry Analysis And Forecast To 2023” published by Crystal Market Research, states that The Power Electronics market was worth USD 30.87 billion in 2014 and is expected to reach approximately USD 49.64 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.42% during the forecast period.

Industry Outlook and Trend Analysis:
The expanding demand for battery-powered and energy-efficient devices is probably going to drive the worldwide market over the figure time frame. Also, the inclination for upgrading power infrastructure, expanding focus regarding the usage of sustainable power sources, and developing pattern of vitality reaping advancements are the significant angles that are foreseen to support the business development over the assessed term. Power electronics is strong state circuitry device which are utilized to change and control electrical energy from the source to the load in a proper and successful way.

Major Eminent Players:
The leading players in the market are Renesas Electronics, Texas Instruments, Maxim Integrated, Vishay Intertechnology, Infineon Technologies, ABB India, Fuji Electric, NXP Semiconductor N.V, STMicroelectronics, Mitsubishi Electric and Qualcomm.

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The Power Electronics market is segmented as follows-

By Material:
•Sapphire
•Gallium Nitride (GaN)
•Silicon (Si)
•Silicon Carbide (SiC)
•Others

By Device:
•Module
•Discrete
•IC

By Application:
•Consumer Electronics
•Industrial
•Aerospace & Defence
•ICT
•Power
•Automotive
•Others

Device Outlook and Trend Analysis:
Discrete devices portion represented the biggest market measure in 2016 and is foreseen to rule the market over the forecast period. Discrete devices for the most part incorporate diverse kinds of transistors, thyristors, and diodes. This expansive share of the overall industry of the discrete devices is because of huge implementation of diodes, thyristors, and transistors in the electronic circuitry. Nonetheless, the headways in the power electronic division have prompted the improvement and reception of different power electronics in various applications.

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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
…
5.Power Electronics Market, By Material
5.1.Introduction
5.2.Global Power Electronics Sales, Revenue and Market Share by Material (2014-2018)
5.3.Sapphire
5.4.Gallium Nitride (GaN)
5.5.Silicon (Si)
5.6.Silicon Carbide (SiC)
5.7.Others
6.Power Electronics Market, By Device
6.1.Introduction
6.2.Global Power Electronics Sales, Revenue and Market Share by Device (2014-2018)
6.3.Module
6.4.Discrete
6.5.IC
7.Power Electronics Market, By Application
7.1.Introduction
7.2.Global Power Electronics Sales, Revenue and Market Share by Application (2014-2018)
7.3.Consumer Electronics
7.4.Industrial
7.5.Aerospace & Defense
7.6.ICT
7.7.Power
7.8.Automotive
7.9.Others
...

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Regional Insights:

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia and Rest of South America)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

Application Outlook and Trend Analysis:
The power fragment represented the biggest market estimate in 2016 and generated the biggest income. The automotive application is foreseen to reflect the speediest development over the estimate time frame. The development of the portion can be attributable to the expanding interest for energy-efficient hybrid electric vehicles to check down the effect of developing contamination on nature.

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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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This release was published on openPR.