Power Electronics Market 2021 Precise Outlook - ABB Ltd., Delta Electronics, Inc., Fuji Electric Co., Ltd., Gresham Power Electronics, Renesas Electronics CorporationGlobal Power Electronics Market Size, Status and Forecast 2021-2025
The Power Electronics market report is the most important research for who looks for complete information on the Power Electronics market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Power Electronics market scenario, and feasibility study are the vital aspects analyzed in this report.
The power electronics market is anticipated to witness a CAGR of 5.0% over the forecast period of (2020 - 2025).
- Advancement in energy infrastructure, generation of renewable energy, and energy efficient portable electronics components are driving the market at a higher rate. Vendors in the market are keen to offer power electronics solutions in multiple industries such as automotive, aerospace & defense, consumer electronics, energy & power, medical, transportation, and many others.
- Moreover, to reciprocate demand for energy-efficient power architectures, vendors like Veeco Instruments Inc. provides GaN-on-Si technology power device with the higher switching speed and circuit efficiency.
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Top Leading Companies of Global Power Electronics Market are ABB Ltd., Delta Electronics, Inc., Fuji Electric Co., Ltd., Gresham Power Electronics, Renesas Electronics Corporation, Scientech Technologies Pvt., ST Microelectronics NV, Texas Instruments Incorporated, Toshiba International Corporation, Veeco Instruments Inc., XP Power Limited and others.
- February 2018: NXP Semiconductors announced the launch of its new IoT-on-a-Chip, which significantly advances the future of edge computing. The scalable offering packs NXPs ARM-based i.MX applications processor, Wi-Fi, and Bluetooth into a much smaller size, thereby offering a broad range of functionality, security, and connectivity to IoT devices.
- January 2018: Punch Powertrain NV acquired Apojee, to expand its R&D capability in the field of power electronics electric and hybrid transmissions technologies.
Key Market Trends
Surge in Demand for Power Electronics in Automotive Industry
- Integration of advanced driver assistance, safety, and convenience systems in almost all automotive vehicles will be the major factor boosting the demand for power electronics in the automotive sector. Also, the increase in the sale of electric and hybrid vehicles will considerably help the market to grow over the forecast period. Hybrid electric vehicles have already gathered a huge momentum globally, especially from the European and North American countries. This popularity of hybrid technology will help the growth of the power electronics market to a reasonable extent.
- The dominance of electrics and electronics in these vehicles will constitute the bulk of the share in the power electronics industry. Further, power electronics systems in electric vehicles and multiplexed bus systems with distributed power integrated circuits for control of lights, motors, and air conditioning, is also transforming the automotive sector.
Asia-Pacific Expected to Record Significant Growth Over the Forecast Period
- With the presence of many niche electronics OEMs and their suppliers in countries like China, Taiwan, South Korea, India, and Japan, the Asia-Pacific region is expected to experience the highest growth rate in the global power electronics market. With China surpassing every other country in renewable energy generation in the future, power electronics vendors are undergoing aggressive marketing strategies to capture the Chinese market in the coming years.
- However, North America and Europe’s strong financial position enables them to invest heavily in power and electronics technologies. Therefore, the regions have been witnessing a noticeable growth, in the power electronics market. Countries including the US, UK, Germany, and Italy are also significant investors in the global electric vehicle market. Moreover, the region enjoys the presence of several significant vendors in the power electronics market, who are investing greatly in the development of advanced power electronics systems.
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Crucial Elements from the Table of Contents of Global Power Electronics Market:
- Power Electronics Market Overview
- Global Power Electronics Market Competition, Profiles/Analysis, Strategies
- Global Power Electronics Capacity, Production, Revenue (Value) by Region (2016-2021)
- Global Power Electronics Supply (Production), Consumption, Export, Import by Region (2016-2021)
- Global Power Electronics Market Regional Highlights
- Industrial Chain, Sourcing Strategy, and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Market Decisions for the present scenario
- Global Power Electronics Market Forecast (2021-2025)
- Case Studies
- Research Findings and Conclusion
The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Power Electronics Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. The Power Electronics industry report additionally presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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