India Power Electronics Market, Analysis, Size, and Forecast, 2019-2031

India Power Electronics Market

One of the largest and fastest expanding industries in the world is electronics. In the current digital era, electronic items continue to significantly influence and define our way of life. The demand for electronic gadgets is anticipated to develop gradually and remain a significant economic driver across the globe given the fact that the world is now more linked than ever before and the digital push brought on by the COVID-19 pandemic. At present, India has population of over a billion, further, rapid Gross Domestic Product (GDP) expansion and rising per capita income has made it one of the leading countries in terms of creating consumer demand and most lucrative geographical location for companies operating in the India power electronics Industry. In the past few decades, the demand for advanced power electronics in India has increased at a considerable rate across all the sectors and the India power electronics market growth rate has also been remarkable. Further, the consumer demand trend in India is expected to continue during the forecast period. 

The primary problem now affecting the Indian electronics hardware business is  related to imports that currently fulfills around XX% of the domestic demand for electronic goods and components. Local value addition is hardly noticeable even among products made domestically. The inverted tariff structure on hardware for electronics, India's developing components ecosystem, high cost of financing, lack of infrastructure, and India's proximity to developed production nations like China, Taiwan, etc. are the key causes of this mismatch. However, shift in focus of Indian government, introduction of supportive government initiatives to boost semiconductor industry, and upgradation of traditional approaches to uplift the contribution of India power electronics market in the overall GDP has attracted several leading companies offering power electronics and influenced them to expand their presence in the country and grab the revenue opportunities in Indian power electronics market which is expected to originate in next seven to ten years.

Earlier, the goal of favorable government incentive programs and schemes have been to establish scale, foster an ecosystem conducive to exports, and boost value addition over the long term. In addition, the Indian government has examined the methods used by other Asian competitors such as China and Vietnam, as a part of strategy government of India is laying the emphasis on gaining market share and making its country a manufacturing hub for power electronics rather than the only goal of raising value addition. Power electronics, in its broadest sense, is the act of deploying semiconductor power devices to regulate and transform the electricity that flows from one form to another to accomplish a particular task.

To view global report, please click  Power Electronics Market, Analysis, Size, and Forecast, 2019-2031

To procure report/databook for region or country of your interest please mail us at: sales@datacuberesearch.com

Market Scope – India Power Electronics Market

Major segments analyzed in the India power electronics market are device type, materials, application, and industry. Based on device type, the market is studied across rectifier discrete, bipolar discrete, GaN discrete, SiC discrete, MOSFET discrete, IGBT discrete, thyristor module, SiC module, IGBT module, and others segment. By material, the India power electronics market size is categorized into Silicon Carbide, Gallium Nitride, Sapphire, and Others segments. The India power electronics market revenue share is analyzed and divided into communication, computing, consumer electronics, energy, healthcare, industrial, and transportation in the industry segment.

Supply Side Analysis for India Power Electronics Market:

Companies reviewed during the course of India power electronics market research study are ABB, Amkor, Alpha and Omega Semiconductor (AOS), Analog Devices, BYD, Alstom, ASE Group, Cree, Denso, Bosch, CRRC, Dialog Semiconductor, Episil, Danfoss, Diodes Incorporated, GaN Systems, EXAGAN, Diotec Semiconductor, General Electric, Fuji Electric, Global Wafers, Ingeteam, Huawei, Hitachi, Honda, GTA Semiconductor, LEM, Littelfuse, Infineon, MACMIC, Magnachip, Microchip, Mitsubishi Electric, Monolithic Power Systems, Nexperia, NXP, onsemi, Power Integrations, Panasonic, Okmetic, Qualcomm, Sanken, Powerex, Renesas, Siemens, Rohm, ShinEtsu, Semikron, Shindengen, Silan Microelectronics, Siltronic, Sino-Microelectronics, Soitec, STMicroelectronics, StarPower, Sumco, Sungrow, Tamura, Tesla Motors, Transphorm, Texas Instruments, TDK, Valeo, Vishay, Toshiba, Toyota, Volkswagen, UnitedSiC, UTAC, and more.

Key Highlights

• Actual India power electronics market data for 2019, 2020, and 2021
• Estimated India power electronics market value for the year 2022 and market growth prospect between 2022 and 2031
• Historical YoY growth and forecast trend at granular level
• Cross sectional analysis of offering segment at end user level
• Impact of COVID-19 on India power electronics market size in terms of $ and insights on various COVID-19 recovery scenarios
• Summary of key growth factors, challenges, and opportunities shaping India power electronics industry
• Key player positioning and benchmarking

Research Scope