Power Electronics Market to See Drastic Growth: Bosch, Mitsubishi Electric, Hyundai

The Latest Released Power Electronics Market study has evaluated the future growth potential Power Electronics Market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges, opportunities, and restraints in the Power Electronics Market. According to HTF Market Intelligence, the Global Power Electronics market to witness a CAGR of 5.47% during the forecast period of 2023-2028. The market is segmented by Global Power Electronics Market Breakdown by Application (IT & Telecommunication, Energy & Power, Automotive, Consumer Electronics, Military & Aerospace) by Type (DC to DC Converter, AC to DC Converter, AC to AC Converter, Solar Inverter, Transformer) and by Geography (North America, South America, Europe, Asia Pacific, MEA).

The Power Electronics market size is estimated to increase by USD 13.4 Billion at a CAGR of 5.47% from 2023 to 2028. The report includes historic market data from 2018 to 2023E. Currently, the market value is pegged at USD 35.5 Billion.

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Power Electronics Market Overview
Power Electronics is a branch of electrical engineering that deals with the design, control, and conversion of electrical power using electronic devices. Power electronics is concerned with the efficient conversion of electrical power from one form to another, such as converting DC power to AC power or vice versa.

Power Electronics market - Key Segment Analysis
The market share growth by the Solar Inverter segment will be significant during the forecast period. The segment is driven by the Increasing Use in Smart Grid and Smart Cards.

Power Electronics Market - Competition Analysis
The global Power Electronics market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Delta Electronics, Bosch, Mitsubishi Electric, Hyundai, BYD, Continental, Delphi, Denso, Infineon, Toshiba.

Power Electronics market - Geographical Outlook
North America will provide maximum growth opportunities in Power Electronics market. According to our research, the region will account for 40.22% of the global market growth during the forecast period. The market in North America is driven by Rising Demand for Mobility and Connectivity in Consumer Electronics

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What key data is demonstrated in this Power Electronics market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the Power Electronics market between 2023 and 2028
Precise estimation of the size of the Power Electronics market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behaviour
Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle Eastand Africa; further broken down by major country within region.
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of Power Electronics market players

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Some Extracts from Table of Content
Some Extracts from Table of Content
- Overview of Power Electronics Market
- Market dynamics
Growth Drivers, Market Trends, Opportunities and Challenges
- Five Forces Analysis
Bargaining power of buyers, bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry
- Power Electronics Size (USD & Sales Volume) Comparison by Type (2018-2028)
- Power Electronics Size (USD & Consumption) and Market Share Comparison by Application (2018-2028)
- Power Electronics Size (Value & Volume) Comparison by Region (2018-2028)
- Market Capacity, Production, Export-Import by Region (2018-2023E)
- Power Electronics Market Sales, Revenue and Growth Rate (2018-2028)
- Competitive Situation and Trends
- Market Positioning and Share Analysis (2020-2023E)
- Suppliers High-Performance Operational Base Distribution
- Analyse competitors, Profiles, Sales Area, Product Category
- Power Electronics Cost Analysis
- Marketing Strategy Analysis
- Research Conclusions

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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

Geographically, the following regions together with the listed national/local markets are fully investigated:
APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
North America (U.S., Canada, and Mexico)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (Saudi Arabia, UAE, South Africa)

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like APAC, North America, LATAM, Europe, or Southeast Asia.

Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 (434) 322-0091
sales@htfmarketreport.com

About Author:
HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.

This release was published on openPR.