What's driving the Power Electronics Market Trend? | ENERCON, Fuji Electric, Infineon Technologies, Mersen, Microsemi Corporation, NXP Semiconductors, ON Semiconductor, SEMIKRON, Texas Instruments, STMicroelectronics
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The product's usage in motor drives has a pivotal role to play in the expansion of power electronics market. By extension, the product is deployed extensively in solid state starters, pumps and compressors, transportation, machine tools, and robotics. That aside, considering the impact it has on renewable energy generation and high efficiency energy systems, power electronics industry has been forecast to attain unprecedented growth in the ensuing years.
Players operating in the global power electronics market include
2. Fuji Electric
3. Infineon Technologies
5. Microsemi Corporation
6. NXP Semiconductors
7. ON Semiconductor
9. Texas Instruments
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.
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Segmentation of the power electronics market by module products is anticipated to experience substantial growth. As the demand for smartphone and handheld, battery devices is anticipated to increase, the demand for these systems is projected to be propelled as a consequence. The demand for the discrete products segment is projected to experience high growth during the forecast timeframe. An increasing number of appliances use auto jumper cables, in which this component is a pre-requisite for the prevention of sparks and electric shocks for destroying the device or causing injury to human life.
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