Power Electronics Market to USD 50.87 billion by 2032, Supported by Strong CAGR: 6.2% In-Depth Review of Market Size, Trends, and Revenue Forecast

Key players in the Power Electronics market are actively engaging in strategies like product launches, joint ventures, developments, mergers, and acquisitions, significantly impacting both the Power Electronics market and the broader industry. These actions influence various market metrics, including sales, imports, exports, revenue, and CAGR projections. This report provides readers with an in-depth understanding of the Power Electronics market by analysing and discussing essential industry trends, market size, and market share estimates. The data and insights about the Power Electronics industry are sourced from reliable references such as corporate websites, annual reports, industry journals, and verified by market experts to ensure accuracy and relevance.

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Global Power Electronics Market size was USD 31.44 billion in 2023 and the market is projected to touch USD 50.87 billion by 2032, at a CAGR of 6.2% during the forecast period.

The global power electronics market refers to electronics that govern and command the movement of electric power. These include converters, inverters and power management circuits, which are vital in industries such as automotive, renewable energy and consumer electronics.

Competitive Landscape

Leading companies like Infineon Technologies, Mitsubishi Electric, and ON Semiconductor dominate the market, leveraging their extensive portfolios of power electronic components and strong global distribution networks. These companies place great emphasis on and are focused on the manufacture of advanced materials such as Silicon Carbide (SiC) and Gallium Nitride (GaN) to meet the increasing demand for energy efficiency solutions in various industries including automotive, renewable energy and consumer electronics.

List of Key Players:

· Infineon Technologies AG

· Mitsubishi Electric Corporation

· ON Semiconductor Corporation

· Texas Instruments Incorporated

· STMicroelectronics N.V.

· Fuji Electric Co., Ltd.

· Toshiba Corporation

· NXP Semiconductors N.V.

· Renesas Electronics Corporation

· Vishay Intertechnology, Inc.

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Power Electronics Report Segmentation:

· ATTRIBUTE

· DETAILS



By material

· Silicon carbide (SiC)

· Silicon/germanium

· Gallium nitride (GaN))

By Component

· Modules

· Discrete

By End-user Industry

· IT and Telecommunication

· Military & Aerospace

· Industrial

· Automotive

· Consumer Electronics

· Energy and Power

· Other End-User Industries

By Geography

· North America (USA, and Canada)

· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico, and Rest of Latin America)

· Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Recent Developments:

May 2023, the new OptiMOS 740 V MOSFET series which has been made available recently by Infineon Technologies AG is meant for use in cars, it comes in different lead-free and rugged packs. By integrating 300 mm thin wafer technology with ground-breaking packaging, the new family achieves remarkable performance advantages in a compact package. This MOSFET is suitable future automotive 40 VMOSFET applications like braking systems, electric power steering mechanisms, circuit breakers as well as new zone architectures.

May 2023, Vishay Intertechnology, Inc. has come out with a total of 17 new types of third-generation 650V silicon carbide Schottky diodes (SiC). The devices manufactured by Vishay Semiconductors highlight a merged pin Schottky (MPS) design which enhances reliability and performance in switching power supply designs, incorporating such features as high surge capability, low forward voltage drop, capacitive charging, reverse leakage current among others.

May 2023, launched by Toshiba Electronics Europe, it's a new power MOSFET N-channel 150V based on their latest generation U-MOS X-H Trench technology. Specially designed to serve high-performance switching power supplies, TPH9R00CQ5 is meant for communication base stations and different industrial uses.

Questions Addressed in This Report:

· In which specialties should Power Electronics market players focus their efforts, considering detailed profiles, financials, and recent developments?

· What are the projected growth rates for the overall Power Electronics economy and for each specific segment?

· What Power Electronics applications and types are closely linked to manufacturers in terms of forecasting?

· What risks could potentially hinder growth in the market?

· What is the duration of the global Power Electronics market opportunity?

· How do fluctuations in market share affect pricing among various manufacturing brands?

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