Power Electronics Market Share 2021-26: Industry Growth, Size, Trends, Analysis, Segmentation and Key Players

According to the latest report by IMARC Group, titled “Power Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market to grow at a CAGR of XX% during 2021-2026.

Power electronics involves studying, analyzing, and designing circuits that convert electrical energy from one form to another. It is extensively utilized in consumer electronics, such as television (TV) sets, personal computers (PCs), battery chargers, etc. Presently, numerous manufacturers are introducing modern power electronics, wherein electric power is converted using semiconductor switching devices. These devices include thyristors, diodes, power metal-oxide-semiconductor field-effect transistor (MOSFET), insulated-gate bipolar transistor (IGBT), etc.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Power Electronics Market Trends:

The growing dependence on consumer electronics, owing to the elevating levels of urbanization and disposable incomes, is primarily driving the power electronics market. In line with this, the rising popularity of electronic devices, including fan regulators, air conditioners, induction cooking, vacuum cleaners, uninterrupted power systems (UPS), etc., is propelling the product demand. Moreover, the escalating adoption of various electronic devices, such as pumps, blowers, rotary kilns, arc furnaces, elevators, compressors, etc., in several manufacturing units, including textile mills, is further bolstering the market growth. Besides this, power electronics is gaining traction in the automotive industry for enabling electric power steering, interior lighting, seat control, braking system, central body control, etc., in vehicles., which is acting as another significant growth-inducing factor. Furthermore, the inflating requirement for safe, luxurious, and smart vehicles with integrated infotainment systems is also augmenting the global market. Apart from this, the growing product utilization in off-the-road (OTR) vehicles, on account of the increasing number of construction and mining activities, is expected to fuel the power electronics market over the forecasted period.

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Power Electronics Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

ABB Ltd., Analog Devices Inc., Fuji Electric Co. Ltd., Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corporation, NXP Semiconductors N.V., Renesas Electronics Corporation, ROHM Co. Ltd., STMicroelectronics, Texas Instruments Incorporated, Toshiba Corporation and Vishay Intertechnology Inc.

The report has segmented the market on the basis on region, disc type, material type and end user.

Breakup by Device:

Power Discrete
Diode
Transistors
Thyristor
Power Modules
Intelligent Power Module
Power Integrated Module
Power ICs
Power Management Integrated Circuit
Application-Specific Integrated Circuit

Breakup by Material:

Silicon
Sapphire
Silicon Carbide
Gallium Nitride
Others

Breakup by Application:

Power Management
UPS
Renewable
Others

Breakup by Voltage:

Low Voltage
Medium Voltage
High Voltage

Breakup by End User Industry:

Automotive
Military and Aerospace
Energy and Power
IT and Telecommunication
Consumer Electronics
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

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Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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This release was published on openPR.