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Power Electronics Market 2020 - 2030: Product Experts Ideas from Infineon Technologies AG, Mitsubishi Electric Corp., Toshiba Corporation, ABB Group, STMicroelectronics, Fuji Electric Co. Ltd., Rockwell Automation, Inc., Renesas Electronics Corporation, M

04-22-2020 04:10 PM CET | Media & Telecommunications

Press release from: Allied Market Research

Power Electronics Market 2020 - 2030: Product Experts Ideas from

The global power electronics market was estimated at $13.89 billion in 2015 and is expected to hit $24.84 billion by 2022, registering a CAGR of 8.9% from 2016-2022. The report provides an in-depth analysis of the market, including top investment pockets, industry drivers and restraints, market size & forecast, market classification, and competitive scenario.

Increasing adoption of power electronics in an electric vehicle aggrandized need for power management devices, and enhanced efficiency drive the growth of the global power electronics market. On the other hand, certain leakage issues restrain growth to some extent. However, several government initiatives in HVDC and smart grid are expected to create multiple opportunities for the key players in the industry.

Download Report Sample (Tables, Figures with Insights): https://www.alliedmarketresearch.com/request-sample/1785

The power modules segment held the highest share in 2015-

Based on type, the power modules segment contributed to nearly half of the total market revenue in 2015 and is expected to dominate during the forecast period. The power discrete segment, on the other hand, would grow at the fastest CAGR of 10.1% till 2022.

The IGBT segment to lead the trail during the study period-

Based on the device, the IGBT segment accounted for two-fifths of the total market share in 2015 and is anticipated to rule the roost through 2016-2022. The same segment is also predicted to showcase the fastest CAGR of 10.5% by 2022.

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Asia-Pacific to remain lucrative throughout the estimated period-

Based on geography, the Asia-Pacific region garnered a major share in 2015, contributing to more than half of the total market. The same segment would also cite the fastest CAGR of 9.6% during 2016-2022.

Leading market players-

The key market players analyzed in the global power electronics market report include Mitsubishi Electric Corp., Toshiba Corporation, Fuji Electric Co. Ltd., STMicroelectronics, Infineon Technologies AG, Renesas Electronics Corporation, Rockwell Automation, Inc., ABB Group, Microsemi Corporation, and Texas Instruments, Inc. These market players have adopted several strategies including partnership, expansion, collaboration, joint ventures, and others to strengthen their foothold in the industry.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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