Press release
Mitsubishi Electric, NXP Semiconductors, ON Semiconductor, Renesas Electronics, Apple, BMW Group Power Electronics Market By Key Vendors: ENERCON, Fuji Electric Co., LTD., GE Renewable Energy, Maxim Integrated, Mersen, Methode Electronics, Microsemi Corpo
Power Electronics Market
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The high demand for alternative energy systems such as solar, wind, and geothermal over conventional power sources will drive the power electronics market. This is largely due to the increase in pollution rates that is resulting in reduced life expectancies and physical ailments among the general population. The high growth of industrialization in the Asia Pacific is causing cities such as Rawalpindi, Kolkata, Delhi, and Beijing to experience an increase in air pollution rates. To combat this situation, governments across the world are initiating stringent regulations restricting the emission of particulate matter above a certain specified range, aiding power electronics market growth. For instance, the SO2 emissions impacting the cement industries range from 50mg/cubic Nm in Germany to 400mg/cubic Nm in Egypt.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• ENERCON
• Fuji Electric Co., LTD.
• GE Renewable Energy
• Maxim Integrated
• Mersen
• Methode Electronics
• Microsemi Corporation
• Mitsubishi Electric
• NXP Semiconductors
• ON Semiconductor
• Renesas Electronics
• Apple
• BMW Group
Governments are also pushing the provision of grants and VAT exemptions for electric vehicle owners to increase the adoption and decrease the total cost of ownership. For instance, the UK government offers consumers financial incentives in the form of grants and subsidies upwards of USD 5,944 for these vehicles. Also, ownership cost of fully-electric vehicles is reduced with owners of vehicles that cost less than USD 52,844 to be exempted from paying annual road taxes. The presence of such initiatives and plans is anticipated to drive the power electronics market.
The increase in terrorist attacks and criminal activities across the world is leading to an increase focus on the development of new and advanced defense technologies. The development of defense systems such as missiles, high altitude platforms, satellites, communication technologies, and combat land and air vehicles are driving the growth of the power electronics market. UAVs, for instance, are required to stay operational for prolonged periods of time without the provision of constant fueling and charging stations. To tackle this issue, these systems are either equipped with battery, powered storage units or solar panels, both of which requires DC-DC convertors and powertrains to function.
The discrete power electronics market is anticipated to exhibit substantial growth during the forecast timespan as components such as transistors, diodes, and thyristors find increasing applications in every day electronics and consumer systems. Diodes, for instance, have varied use cases as blocking devices in solar charging systems for the prevention of a storage unit such as the battery from discharging through the solar panel.
World Power Electronics Market is set to grow from its current market value of $34 billion to more than $45 billion by 2024, to grow at 4% CAGR
Power Electronics Market, By Product
• Discrete
• Module
• IC
Power Electronics Market, By Application
• Automotive
• Consumer electronics
• ICT
• Industrial
• Aerospace & defense
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The economic boom in the Asia Pacific countries is contributing to the high growth of the power electronics market. The middle-class population is now able to purchase a larger amount of luxury goods and household systems. Furthermore, in industrial and manufacturing settings, these systems are essential components to combat issues pertaining to power losses and current fluctuations through the usage of power regulators, UPS, and inverters.
Browse Full Report: https://www.gminsights.com/industry-analysis/power-electronics-market
Power electronics market players include ENERCON, Fuji Electric Co. Ltd., GE Wind Energy., LLC., Infineon Technologies, Maxim Integrated Products, Inc., Mersen, Methode Electronics, Inc., Microsemi Corporation, Mitsubishi Electric, NXP Semiconductor N.V., ON Semiconductor, Renesas Electronics Corporation, Semikron Electronics GmbH Co., Inc., Stmicroelectronics N.V, Texas Instruments Incorporated, Airbus SE, Apple, Inc., BMW Group, General Electric, General Motors, Haier Corporation, Hewlett-Packard Company, Hitachi Ltd., Honeywell International Inc., LG Corporation, Lockheed Martin Corporation, Samsung Electronics, Sharp Corporation, Schneider Electric, Tesla, Inc., Thales Group, Toyota Motors, Volkswagen AG.
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https://www.openpr.com/news/1284540/Digital-Signage-Media-Player-Market-2017-2024-By-Top-Players-3M-Company-Advantech-Co-AOPEN-Barco-BrightSign-LLC-Broadsign-Cisco-Systems-ClearOne-Dell-Inc-Gefen-Haivision-Hewlett-Packard-IAdea-iBase-Technology-Intel-Corporation-KeyWest-T.html
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