Power Electronics Market: The power module held the largest share in 2021

Increase in use of power electronics in several applications and need for power management devices in automotive, consumer electronics, and energy & power industries drive the growth of the global power electronics market.

Allied Market Research published a 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"

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐏𝐃𝐅 @ https://www.alliedmarketresearch.com/request-sample/1785

The research provides comprehensive analysis of drivers, restraints, and opportunities of the global power electronics market. These insights are valuable in identifying driving factors, emphasize on them, and implement strategies to help achieve a sustainable growth. Furthermore, market players, investors, and startups can utilize this information to determine new opportunities, explore the market potential, and gain a competitive edge.

Covid-19 Scenario:
• The market is significantly affected by the Covid-19 pandemic due to dearth of workforce and delay or cancelation of projects pertaining to lockdown restrictions.
• However, with the rise in demand for fundamentals of power electronics devices, the market is expected to grow post-pandemic.
The report provides a detailed impact of the Covid-19 pandemic on the global power electronics market. This information will help market players, investors, and others to change strategies accordingly to cope up with the pandemic and sustain in the market.

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Key Market Segments Includes:
• By Device Type
o Power Discrete
o Power Module
o Power IC

• By Material
o Silicon Carbide
o Gallium Nitride
o Sapphire
o Others

• By Application
o Power Management
o UPS
o Renewable
o Others

• By End Use
o Telecommunication
o Industrial
o Automotive
o Consumer Electronics
o Military and defense
o Energy and Power
o Others

By end user, the energy and power segment held the lion's share in 2021, contributing to nearly one-fifths of the global power electronics market. However, the automotive segment is estimated to manifest the highest CAGR of 7.6% from 2022 to 2031, due to rise in demand for electric and hybrid vehicles and growth of electro-mobility and photovoltaic inverters market.

By device type, the power module segment held the largest share in 2021, accounting for more than two-fifths of the global power electronics market, due to unmatched efficiency and durability. However, the power discrete segment is expected to register the highest CAGR of 6.5% during the forecast period, owing to their faster switching.

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Key Benefits for Stakeholders
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the operating room equipment market analysis from 20WW to 20MM to identify the prevailing operating room equipment market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the operating room equipment market segmentation assists to determine the prevailing market opportunities.

Major market players
• ABB Group
• Fuji Electric Co. LTD.
• Infineon Technologies AG
• Microsemi Corporation
• Mitsubishi Electric Corporation
• Renesas Electronics Corporation
• Rockwell Automation, Inc.
• STMicroelectronics
• Texas Instruments Incorporated
• Toshiba Corporation

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