Power Electronics Market to Demonstrate 5.70% CAGR: Says Allied Market Research

Allied Market Research published an exclusive report, titled, “Power Electronics Market by Device Type (Power Discrete, Power Module, and Power IC), Material (Silicon Carbide, Gallium Nitride, Sapphire, and Other), and Application (Power Management, UPS, Renewable, and Others), and End User (Telecommunication, Industrial, Automotive, Consumer Electronics, Military & Defense, Energy & Power, and Other): Global Opportunity Analysis and Industry Forecast, 2020–2027”.

The power electronics market report offers a detailed analysis of prime factors that impact the market growth such as key market players, current market developments, and pivotal trends. The report includes an in-depth study of key determinants of the global market including drivers, challenges, restraints, and upcoming opportunities.

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The power electronics market report encompasses driving factors of the market coupled with prime obstacles and restraining factors that hamper the market growth. The report helps existing manufacturers and entry-level companies devise strategies to battle challenges and leverage lucrative opportunities to gain a foothold in the global power electronics market.

The power electronics market is analyzed across the globe and highlight several factors that affect the performance of the market across the various region including North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

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The power electronics market report offers an in-depth analysis of the 10 prime market players that are active in the market. Moreover, it provides their thorough financial analysis, business strategies, SWOT profile, business overview, and recently launched products & services. In addition, the report offers recent market developments such as market expansion, mergers & acquisitions, and partnerships & collaborations.

Major Key players profiled in the Report Includes:

1. ABB Group
2. Fuji Electric Co, LTD
3. Infineon Technologies AG
4. Microsemi Corporation
5. Mitsubishi
6. Renesas Electronics Corporation
7. Rockwell Automation
8. STMicroelectronics
9. Texas Instruments Incorporated
10. Toshiba Corporation

The power electronics market report provides thorough information about prime end-users and annual forecast during the period from 2020 to 2027. Moreover, it offers revenue forecast for every year coupled with sales growth of the power electronics market. The forecasts are provided by skilled analysts in the power electronics market and after an in-depth analysis of the geography of the market. These forecasts are essential for gaining insight into the future prospects of the power electronics industry.

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Power Electronics Market Key Segments

By Device Type
1. Power Discrete
a. Diode
b. Transistors
c. Thyristor
2. Power Module
a. Intelligent Power Module
b. Power Integrated Module
3. Power IC
a. Power Management IC
b. Application Specific IC

By Material

1. Silicon Carbide
2. Gallium Nitride
3. Sapphire
4. Other

By Application

1. Power Management
2. UPS
3. Renewable
4. Other

By End User

1. Telecommunication
2. Industrial
3. Automotive
4. Consumer electronics
5. Military & defense
6. Energy & Power
7. other

Prime Benefits:
1. The report offers Porter’s Five Forces analysis to recognize the ability of buyers and suppliers, which allows business investors to formulate strategic decisions.
2. The report includes an in-depth study of the current market trends and market size along with a forecast of the power electronics market from 2020-2027.
3. The study provides the potential of the industry across several regions coupled with revenue contribution.
4. The report offers a thorough study of the key market players that are active in the power electronics market.

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COVID-19 Scenario Analysis:
1. To subdue the spread of COVID–19, respective governments have shutdown day-to-day business operations by implementing a full-scale lockdown. Labour shortages and delays in project completion are a few factors hindering the power electronics industry, resulting in a decline in production.
2. Power electronics market forecast has been significantly impacted by the outbreak. New projects throughout the world have stalled, which have significant demand for power electronics market.
3. The factories have struggled to manufacture and assemble new devices as workers have stayed in their homes while the already available devices in various warehouses cannot be transported due to current rules & regulations, which disrupted the supply chains.
4. The impact of COVID-19 on power electronics market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for these products are gradually going to increase. This is expected to provide opportunities for companies operating in the market to think about ways of increasing production, research about technologies, and improve current products.

Key offering of the Report:
1. Major driving factors: A detailed study of determinants of the market factors, forthcoming opportunities, and challenges.
2. Current market trends & forecasts: An in-depth analysis of the market including recent market trends and forecasts for the next few years that help to make an informed decision.
3. Segmental Analysis: A detailed study of each segment along with driving factors and growth rate analysis of each segment.
4. Geographical analysis: Insightful study of the market across various regions that enable market players to benefit from the market opportunities.
5. Competitive landscape: A detailed study of major market players that are active in the power electronics market.

David Correa
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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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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.

This release was published on openPR.