Global Power Electronics Market to 2028 - Increasing Focus on Rising Demand

This detailed market study focuses on the data obtained from various primary and secondary sources and is analyzed using different tools. It helps in gaining insights about the potential of the market for growth which can facilitate the investors in identifying scope and opportunities. The analysis also provides details of each segment in the global Power Electronics Market.

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According to the report the global power electronics market is projected to reach USD XXX billion by 2028, at a CAGR of XXX during a forecast period. The rise in the use of power devices across the broad spectrum of industries is expected to propel the market growth during the forecast period.

Power electronics is the use of solid-state electronics to control and convert electrical power. Power electronic systems can be classified as rectifiers (AC to DC), inverters (DC to AC), choppers (DC to DC), and converters (AC to AC). Power systems transmit electrical power over long distances compensating for attenuation and distortions along the way. However, without the use of power devices, it will be impossible to distribute electrical power across a huge area.

The electronics industry is a major consumer of power devices accounting for approximately 76% of the power devices produced annually, including SCRs. MOSFETs, and IGBTs. Power devices are used abundantly in large-scale industries, where automation systems are installed. These power devices are responsible for providing uninterrupted power to systems to ensure proper functioning. In the corporate sector, companies make use of power electronic devices for 24/7 power supply. Power electronics are essential to realizing smart grid projects. A smart grid uses power devices to collect and store information about consumer behavior.

This is used to develop patterns that will specifically cater to the needs of consumers. Power plants are one of the major users of power electronic devices. Steam turbines and nuclear fission reactors make use of power devices to support their electrical power consumption needs.

Power devices such as rectifiers in inverters are used in UPS systems. Both online and offline UPS systems use these power devices to a huge extent to provide uninterrupted, non-attenuated, non-distorted power in case of power cuts.

This market is dominant in the Asia Pacific region due to unprecedented urbanization giving rise to the growth of industries and the corporate sector. Countries, especially China and India, are rapidly growing markets for power electronics, owing to changing lifestyles and increasing dependence on electronic devices. This market in North America and Europe is also witnessing growth due to the increased use of automation systems across all sectors. This market in the Middle East is expected to grow during the forecast period.

The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market, along with identifying major segments and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand for power electronics.

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Market Segmentation:
By Material:
o Silicon
o Silicon Carbide
o Gallium Nitride
o Others
By Device Type:
o Power Discrete
o Power Modules
o Power ICs
o By Application:
o Power Management
o Drives
o UPS
o Rail Traction
o Transportation
o Others
By End-use Industry:
o ICT
o Electrical & Electronics
o Energy & Power
o Industrial
o Automotive
o Aerospace & Defense
o Others
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Material
o By Device Type
o By Application
o By End-use Industry
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Material
o By Device Type
o By Application
o By End-use Industry
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Material
o By Device Type
o By Application
o By End-use Industry
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Material
o By Device Type
o By Application
o By End-use Industry
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Material
o By Device Type
o By Application
o By End-use Industry
o Rest of the World
o By Region (South America, Africa)
o By Material
o By Device Type
o By Application
o By End-use Industry

This upcoming study will be published shortly with a focus on key stakeholders in the market. Regions covered in the study include North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Infineon Technologies
2. Texas Instruments,
3. Semiconductor
4. STMicroelectronics
5. Mitsubishi Electric
6. Fuji Electric
7. Renesas Electronics
8. Toshiba
9. NXPSemiconductors
10. Vishay Intertechnology
11. Maxim Integrated Products
12. SEMIKRON
13. ABB
14. Hitachi
15. Analog Devices
16. ROHM Semiconductor
17. Microsemi
18. Littelfuse
19. Microchip Technology
20. Danfoss

This report provides:
1) An overview of the Global Power Electronics Market globally and related technologies.
2) Analysis of global market trends, estimates of each year and annual compound growth rate projections (CAGRs).
3) Identification of new market opportunities and targeted promotional plans for Global Power Electronics Market
4) Discussion of R&D and demand for new products and new applications
5) Comprehensive company profiles of key industry players.

The researchers have studied the market in-depth and have come up with major segments like product type, application, and region. Based on their market share, growth prospects, and CAGR, each and every segment and its sub-segments are studied. Each market segment offers in-depth information on market outlook, both qualitative and quantitative.

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.