Power Electronics Market Emerging Trends & Global Industry Forecast to 2026 | Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, NXP Semiconductor N.V.

Power Electronics Market is rising need to strengthen industrial production activities along with increasing focus towards developing enhanced consumer electronics and smart home appliances, has impelled the adoption of power electronics modules to a large extent.

These modules are extensively used in HVAC control systems, robotic vacuums, smart energy meters, smart TVs, air conditioners and other smart appliances to protect them from electrocutions and to increase their power efficiency. In addition, power modules help device manufacturers to offer low-noise features in smart home appliances and to achieve optimized system costs.

With elevating application of power electronics, the industry is estimated to witness a meritorious growth over the ensuing years. According to Global Market Insights, Inc., power electronics market is estimated to exceed USD 30 billion by 2027.

Besides, increasing integration of technologies like AI and IoT into smart home technology products is providing lucrative opportunities for the business space. Consistent efforts taken by market players to develop advanced products are as well complementing the industry growth further.

Get sample copy of Power Electronics Market research report @ https://www.gminsights.com/request-sample/detail/1365

Considering an instance of product launch, in December 2019, ON semiconductor unveiled first two devices from the company’s state-of-the-art VE-Trac power modules family. These two PIM (power integrated module) devices bring the best-in-class thermal and electrical performance, delivering automotive reliability and scalability to the rapidly expanding traction inverters market.

Citing another instance, Toshiba was in news in December 2020 for the roll-out of 1,200V silicon carbide (SiC) MOSFET, which has applications in DC-DC converters, AC-DC converters, and photovoltaic inverters. Furthermore, Infineon Technologies AG also unveiled its HybridPack series of power modules in May 2019, which has applications in the electric vehicles sector.

The Europe power electronics market accounted for a valuation of over USD 4 billion in 2020 and is expected to exhibit a substantial CAGR of 4.5% through 2027. This growth is attributed to the escalating usage of EV charging stations in European countries comprising France, the UK, Germany, Spain, and Italy.

As per the Government of UK’s Department for Transport, January 2021 registered 20,775 public electric vehicle charging devices in the United Kingdom of which almost 3,880 were rapid charging devices. These rapid EV charging stations and battery-power establishments are some of the prominent power electronics applications in the region. The rising penetration of electric vehicles and EV charging stations in the United Kingdom is expected to drive power electronics market outlook through 2027.

The industrial application segment captured more than 25 percent of the total industry value in 2020 and is estimated to depict a remarkable CAGR over the assessment span. This rise is due to the increasing adoption of automation and robotics across process and manufacturing industries. Industrial robots are combined with numerous parts such as robot arms, motor drives, controllers, as well as servo motors. According to the World Robotics report of 2019, around 422,271 robot units were installed at the global level with a 6 percent year-on-year growth as compared to 2018.

Request for Customization of Power Electronics Market report @ https://www.gminsights.com/roc/1365

Top Key Players Are : Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, NXP Semiconductor N.V., ON Semiconductor Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, and TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, among others.

Table Of Content:

Chapter 5 Power Electronics Market, By Product
5.1 Key trends, by product
5.2 Discrete
5.2.1 Market estimates and forecast, 2016 - 2027
5.2.2 Thyristors
5.2.2.1 Market estimates and forecast, 2016 - 2027
5.2.3 Rectifiers
5.2.3.1 Market estimates and forecast, 2016 - 2027
5.2.4 Insulated-Gate Bipolar Transistor (IGBT)
5.2.4.1 Market estimates and forecast, 2016 - 2027
5.2.5 Bipolar Junction Transistor (BJT)
5.2.5.1 Market estimates and forecast, 2016 - 2027
5.2.6 Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET)
5.2.6.1 Market estimates and forecast, 2016 - 2027
5.3 Module
5.3.1 Market estimates and forecast, 2016 - 2027
Chapter 6 Power Electronics Market, By Application
6.1 Key trends, by application
6.2 Automotive & transportation
6.2.1 Market estimates and forecast, 2016 - 2027
6.3 Consumer electronics
6.3.1 Market estimates and forecast, 2016 - 2027
6.4 ICT
6.4.1 Market estimates and forecast, 2016 - 2027
6.5 Industrial
6.5.1 Market estimates and forecast, 2016 - 2027
6.6 Energy
6.6.1 Market estimates and forecast, 2016 - 2027
6.7 Others
6.7.1 Market estimates and forecast, 2016 - 2027

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/power-electronics-market

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.